Businesses have quickly adopted label print management software to track printer usage and service costs.
PORTLAND, PORTLAND, OR, USA, Nov. 1, 2022 /EINPresswire.com/ — According to the report released by Allied Market Research, the global label printing software market generated revenue of $565.2 million dollars in 2021 and is expected to reach $936.2. million by 2031, registering a CAGR of 5.2% from 2022 to 2031. The market research provides detailed analysis of changing industry trends, most important segments, analysis of value chain, key investment scenarios, regional space and competitive space. The study is a key source of information for giant players, entrepreneurs, shareholders and owners to generate new strategies for the future and take action to improve their market position. The report presents an in-depth quantitative analysis of the market from 2022 to 2031 and guides investors in allocating funds to the rapidly changing industry.
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The report offers detailed segmentation of the global label printing software market on the basis of component, deployment model, organization size, end-use vertical, and region. It provides in-depth analysis of each segment and sub-segment in tables and figures through which consumers can draw conclusion about market trends and outlook. Market report analysis helps organizations, investors, and entrepreneurs to understand which sub-segments are to be tapped to achieve huge growth in the coming years.
In terms of components, the solutions segment was the largest in 2021, accounting for more than three-fifths of the overall global label printing software market share. Moreover, this segment is expected to maintain its dominant position during the forecast period. Moreover, the services segment is expected to register the highest CAGR of 6.8% from 2022 to 2031.
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Based on the deployment model, the on-premises segment held the largest share in 2021, contributing nearly three-fifths of the overall label printing software market. Moreover, this segment is expected to account for the highest market share by 2031. Furthermore, the cloud segment is also expected to register the fastest CAGR of 6.6% during the forecast period. The report also analyzes other segments such as the off-grid segment.
Based on organization size, the SME segment held the largest share in 2021, contributing nearly three-fifths of the global label printing software market share. Moreover, this segment is expected to account for the highest market share by 2031. Additionally, the large enterprise segment is expected to register the highest CAGR of 6.4% during the forecast period.
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Based on the end-use vertical, the retail segment held the largest share in 2021, contributing more than a quarter of the global label printing software market share. Moreover, this segment is expected to account for the highest market share by 2031. Additionally, the food and beverage segment is expected to register the highest CAGR of 8.0% during the forecast period.
Based on region, the North American continent contributed the highest market share in 2021, accounting for nearly two-fifths of the global label printing software industry share. The North American market is expected to dominate the regional market for the foreseeable future. The Asia-Pacific label printing software market is expected to register the fastest CAGR of 6.4% during the forecast period. The report also analyzes regions such as LAMEA and Europe.
Key participants in the global label printing software market examined in the research include Canon, Inc., Seiko Epson Corporation, Epaper Ltd., Nuance Communications, Hewlett-Packard Inc., HID Global, Ringdale UK Ltd., Honeywell International Inc., Lenovo Group Ltd. and Xerox Corporation.
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Finally, this report provides market insights in the most comprehensive way. The structure of the report has been kept to provide maximum business value. It provides essential insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those looking to enter the market.
1. Printing Software Market Report
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