The global label printing software market revenue was around US$ 594.5 million in 2022 and is estimated to reach US$ 936.2 million by 2031, growing at a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2023 to 2031.

Label printing software handles and optimizes overall printing devices and processes efficiently and cost-effectively. Label printing software allows users to share and safeguard digital data across multiple mobile platforms from any location. It is frequently used to regulate costs and enhance processes, security, mobility, and authentication. Systems for handling prints can be utilized by businesses to coordinate their printing resources. It allows businesses to repair, manage, and keep an eye on a variety of printing equipment such as desktop printers, copiers, scanners, and more using a single application.

Factors Influencing Market Growth

- The increase in adoption of big data platforms, lower operating costs, measures to minimize office paper use, flexibility to meet specific customer needs, greater productivity, and a rise in information security pushes the growth of the label printing software market.

- The strategic and new partnerships and agreements as well as frequent costs have significantly hindered the growth of the label printing software market.

- The increased use of cloud printing services and advanced print security spending is expected to propel the growth of the managed print services market.

Impact of COVID-19

The COVID-19 pandemic outbreak had a high influence on the growth of the label printing software industry due to the increased adoption of connected devices, growth in the number of smartphone users, and the surging e-commerce sector delivered lucrative possibilities for the growth of the label printing software market.

Regional Analysis

In 2022, North America dominated the label printing software market in terms of revenue because of the presence of a significant industrial base in the U.S., a large purchasing authority, and government initiatives to encourage innovation.

Leading Companies

The leading prominent companies profiled in the global label printing software market are: -

- Canon, Inc.
- Epaper Ltd.
- Hewlett-Packard Inc.
- HID Global
- Honeywell International Inc.
- Lenovo Group Ltd.
- Nuance Communications
- Ringdale UK Ltd.
- Seiko Epson Corporation
- Xerox Corporation
- Other prominent key players

Segmentation Outline

The global label printing software market segmentation focuses on Component, Deployment Model, Organization Size, End Use Vertical, and Region.

Segmentation based on Component

- Solutions
- Print Management
- Device Management
- Discovery and Design
- Document Imaging
- Others
- Services
- Professional Services
- Managed Services

Segmentation based on Deployment Model

- On premise
- Cloud

Segmentation based on Organization Size

- SMEs
- Large Enterprise

Segmentation based on End Use Vertical

- Retail
- BFSI
- Foods and Beverages
- Travel and Hospitality
- Healthcare
- IT and Communication
- Others

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa