In 2022, the worldwide market for structured product label management (SPLM) reached a valuation exceeding USD 53 billion. It is poised to experience substantial growth, with a projected Compound Annual Growth Rate (CAGR) of approximately 14% throughout the forecast period spanning from 2023 to 2030. The mounting regulatory compliance demands, particularly in sectors such as healthcare and consumer goods, are a primary driver behind the increasing adoption of SPLM solutions. These solutions help organizations ensure adherence to regulations and mitigate potential risks. Furthermore, the growing consumer appetite for product transparency and accurate information compels companies to embrace SPLM solutions for efficient management and comprehensive dissemination of product data.
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Market Trends:
- Increasing regulatory requirements: Regulatory authorities around the world are increasingly requiring companies to submit structured product labels (SPLs) for their products. SPLs are electronic documents that provide detailed information about a product, including its ingredients, uses, warnings, and other important information.
- Rising demand for accurate and up-to-date product information: Consumers are increasingly demanding accurate and up-to-date information about the products they purchase. SPLs provide a way for companies to provide this information in a consistent and structured format.
- Growing adoption of cloud-based SPL management solutions: Cloud-based SPL management solutions offer a number of advantages over traditional on-premises solutions, including scalability, flexibility, and cost-effectiveness. As a result, more and more companies are adopting cloud-based SPL management solutions.
According to the recent report published by RC Market Analytics, the Global Structured Product Label Management Market is expected to provide sustainable growth opportunities during the forecast period from 2023 to 2030. This latest industry research study analyzes the structured product label management market by various product segments, applications, regions and countries while assessing regional performances of numerous leading market participants. The report offers a holistic view of the structured product label management industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
Browse the Full Report Discretion of Global Structured Product Label Management Market
Geographically, the structured product label management market report comprises dedicated sections centering on the regional market revenue and trends. The structured product label management market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Structured product label management market estimates have also been provided for the historical years 2020 & 2021 along with forecast for the period from 2023 – 2030.The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, Italy, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
The Structured Product Label Management Market Segmentation:
By Component:
- Software
- Services
By Deployment Mode:
- On-premises
- Cloud-based
By Organization Size:
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
By End-Use Industry:
- Healthcare and Pharmaceuticals
- Consumer Goods and Retail
- Chemicals and Manufacturing
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Some of the major market players operating in the global structured product label management market are Kallik, PRISYM ID, Loftware, NiceLabel, Global Vision, Innovatum, PRISM PLM, Opal-RT Technologies, SAP, and Oracle.
Notable Product Launches:
- NiceLabel launched a new version of its label management system called NiceLabel 2019. This release focused on enhancing user experience, productivity, and compliance in label design and printing.
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Key Questions Answered by Structured Product Label Management Market Report:
- Product popularity and adoption based on various country-level dynamics
- Regional presence and product development for leading market participants
- Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
- Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
- Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to Structured Product Label Management market
- Analysis of the key factors driving and restraining the growth of the global, regional and country-level markets from 2020-2027
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