Font management software Market was valued at US$ 3,427.7 million in 2019 and is projected to reach US$ 13,466.3 million by 2027; it is expected to grow at a CAGR of 18.8% during 2020–2027.
Font management software provide a single platform to users to enable them to install, browse, and organize fonts. The fonts are stored in library, and can be searched and previewed by various end users. These software solutions enable users to organize font library with various folders and tags. The font management software products are majorly used on operating systems (OS) such as Windows and macOS, as well as on Linux to a certain extent. Organizations and individuals often store font collection obtained from font marketplace or develop their own fonts and upload the same.
The font management software is particularly used by publishers, graphic designers, website designers, illustrators, interface designers, packaging designers, letterpress printers, typeface designers, film-title and motion-graphic designers, industrial designers, advertising agencies, and architectural firms, as well as by the IT departments of organizations. Many of these solutions are capable of filtering unlicensed fonts from the platforms to avoid legal issues. The growth of the Font Management Software Market in mainly attributed to the increasing deployment of digital content across the globe and increasing emphasis on product designing & packaging. However, lack of awareness regarding these platforms, especially in developing countries, and high costs of the same are hampering the growth of the market. Furthermore, the growing importance for digitization is anticipated come up as a key trend in the market during the forecast period. Furthermore, the ongoing COVID-19 is anticipated to cause huge disruptions in the growth of various industries. China is the global hub of manufacturing and largest raw material supplier for various industries; however, it is also one of the worst-affected countries by the COVID-19 Outbreak. The lockdown of various plants and factories in China is adversely affecting the global supply chains as well as manufacturing, delivery schedules, and product and service sales. These factors, triggered by the COVID-19 pandemic, are hindering the adoption of font management software, especially in retail and e-commerce sector.
Key Players Influencing the Market
- Chevin Fleet Solutions
- Franklin Fueling Systems
- Gilbarco Inc.
- Multiforce Systems Corporation
- Piusi S.p.A.
- OPW Fuel Management Systems
- Orpak Systems Ltd.
- Syntech Systems, Inc.
The Font Management Software Market is segmented on the basis of deployment, operating system, end user, and geography. Based on deployment, the market is bifurcated into on-premise and cloud. In 2019, the cloud segment held a larger share of the market. By operating system, the market is bifurcated into mac system, windows system, and other systems. The windows system segment accounted for the largest market share in 2019. The market, based on end user, is segmented into website designers, printing agencies, advertising agencies, freelancers, and others. In 2019, the website designers segment held the largest share of the market. The Font Management Software Market, by geography, is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). In 2019, North America held the largest share of the market, followed by Europe and APAC. The market in APAC is projected to grow at the fastest CAGR during 2020–2027.
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