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Calibration Management Software Market by Technology and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR40617
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The calibration management software market share is expected to increase by USD 100.84 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.7%.

This calibration management software market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers calibration management software market segmentation by technology (locally installed and cloud-based) and geography (North America, Europe, APAC, South America, and MEA). The calibration management software market report also offers information on several market vendors, including AVL List GmbH, Beamex Oy Ab, CompuCal Calibration Solutions, CyberMetrics Corp., ETQ LLC, Fortive Corp., P.J. Bonner & Co. Ltd., Prime Technologies Inc., Productivity-Quality Systems Inc., and Quality America Inc. among others.

What will the Calibration Management Software Market Size be During the Forecast Period?

Calibration Management Software Market Size

Download Report Sample to Unlock the Calibration Management Software Market Size for the Forecast Period and Other Important Statistics

 

Calibration Management Software Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The automation of the calibration process is notably driving the calibration management software market growth, although factors such as the threat of cyber-attacks may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the calibration management software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Calibration Management Software Market Driver

Automation of the calibration process is the major driver influencing calibration management software growth. Calibration management software offers optimized solutions to automate the calibration process. This software also offers comprehensive functionality that is required in laboratories and plants. Calibration management software is essential for power stations, offshore platforms, refineries, and other process plants as they ensure the accuracy of devices operating in remote locations. The effective deployment of calibration management software minimizes process failures and reduces equipment failure costs and waste. Furthermore, they carry out major calibration processes such as planning, scheduling, and documenting outputs. Therefore, the use of this software only requires a few employees, thereby reducing labor costs, which decreases product manufacturing costs and lowers maintenance expenses.

Key Calibration Management Software Market Trend

Automation of laboratory instruments is the major trend influencing calibration management software growth. Automated systems performing calibration are supported by calibration management software that includes pre-calibration, calibration, and post-calibration techniques. Raising alarms for the need for calibration, scheduling, calibrating, analysis, and documenting are handled in an ordered sequence. Implementing IoT will also create an increased demand for calibration management software during the forecast period. Calibrations of devices are primarily preferred when industries require certifications for calibration procedures. Automated laboratories assure compliance of regulations such as ISO/IEC 17025. Laboratories performing calibrations with calibration management software will promote confidence in their performance as they abide by the stringent policies. The global acceptance of results also facilitates cooperation between laboratories and other associated bodies. Thus, calibration of laboratory equipment has the capability to directly impact international trade as calibration ensures the acceptance of test reports and certificates between different countries.

Key Calibration Management Software Market Challenge

The high cost of software packages is the major hindrance to calibration management software growth. The calibration management software included costs such as the license cost, service charges for CB software, multiple user charges, virtual servers cost, and cost of software upgrades. In LI calibration management software, license ownership is a major cost. Also, for LI calibration management software, updates may require a change of systems. As the software may not work on old hardware versions, new hardware needs to be installed to reduce interoperability issues during the calibration process. These factors increase the overall cost of ownership, and recurring service charges lead to a rise in the overall operational expenditure. SME or small and medium-sized enterprises prefer to build their teams to maintain the services related to calibration. A complete change in the existing infrastructure and adoption of updated versions of the calibration management software will also increase the overall cost in SMEs. Therefore, SMEs hesitate to change their current calibration methods with automated software systems, thereby preferring manual entry of calibration data using spreadsheets.

This calibration management software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the calibration management software market as a part of the global application software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the calibration management software market during the forecast period.

Who are the Major Calibration Management Software Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AVL List GmbH
  • Beamex Oy Ab
  • CompuCal Calibration Solutions
  • CyberMetrics Corp.
  • ETQ LLC
  • Fortive Corp.
  • P.J. Bonner & Co. Ltd.
  • Prime Technologies Inc.
  • Productivity-Quality Systems Inc.
  • Quality America Inc.

 

This statistical study of the calibration management software market encompasses successful business strategies deployed by the key vendors. The calibration management software market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The calibration management software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Calibration Management Software Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the calibration management software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Calibration Management Software Market?

Calibration Management Software Market Share by Geography

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35% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for calibration management software in North America. Market growth in this region will be faster than the growth of the market in MEA and South America.

The high investment in the power sector and the growth of the oil and gas industry will facilitate the calibration management software market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the growth of the calibration software market in North America was impacted by the COVID-19 pandemic. Various industries in the US and Canada are facing numerous challenges. Although governments announced emergency support programs for industries, such as the Canada Emergency Wage Subsidy by the Canadian government, the manufacturing sector will still take some time to return to its pre-COVID-19 output levels. Such adverse impacts on manufacturing industries slowed down the growth of the regional calibration management software market. The market is expected to see slow growth during the first half of the forecast period.

What are the Revenue-generating Technology Segments in the Calibration Management Software Market?

Calibration Management Software Market Share

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The calibration management software market share growth by the locally installed segment will be significant during the forecast period. Locally installed calibration management software has dominated the calibration management software market because of the level of security they offer. The increased level of security is offered by locally installed software because only the end-users have access to the data.

This report provides an accurate prediction of the contribution of all the segments to the growth of the calibration management software market size and actionable market insights on post COVID-19 impact on each segment.

 

Calibration Management Software Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.7%

Market growth 2021-2025

$ 100.84 million

Market structure

Fragmented

YoY growth (%)

5.41

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 35%

Key consumer countries

US, China, Germany, UK, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AVL List GmbH, Beamex Oy Ab, CompuCal Calibration Solutions, CyberMetrics Corp., ETQ LLC, Fortive Corp., P.J. Bonner & Co. Ltd., Prime Technologies Inc., Productivity-Quality Systems Inc., and Quality America Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Calibration Management Software Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive calibration management software market growth during the next five years
  • Precise estimation of the calibration management software market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the calibration management software industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of calibration management software market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis for application software

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Technology

    • 5.1 Market segments
      • Exhibit 15: Technology - Market share 2020-2025 (%)
    • 5.2 Comparison by Technology
      • Exhibit 16: Comparison by Technology
    • 5.3 Locally installed - Market size and forecast 2020-2025
      • Exhibit 17: Locally installed - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Locally installed - Year-over-year growth 2020-2025 (%)
    • 5.4 Cloud-based - Market size and forecast 2020-2025
      • Exhibit 19: Cloud-based - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Cloud-based - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Technology
      • Exhibit 21: Market opportunity by Technology

    6 Customer landscape

    • 6.1 Overview
      • Exhibit 22: Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 23: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 24: Geographic comparison
    • 7.3 North America - Market size and forecast 2020-2025
      • Exhibit 25: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: North America - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 27: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 APAC - Market size and forecast 2020-2025
      • Exhibit 29: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 31: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 33: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 35: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 36: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.1.2 Integration of calibrators with maintenance management systems
        • 8.2 Market challenges
          • Exhibit 37: Impact of drivers and challenges
        • 8.3 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • Exhibit 38: Vendor landscape
          • 9.2 Landscape disruption
            • Exhibit 39: Landscape disruption
            • Exhibit 40: Industry risks

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 41: Vendors covered
          • 10.2 Market positioning of vendors
            • Exhibit 42: Market positioning of vendors
          • 10.3 ACG Infotech Ltd.
            • Exhibit 43: ACG Infotech Ltd. - Overview
            • Exhibit 44: ACG Infotech Ltd. - Product and service
            • Exhibit 45: ACG Infotech Ltd. - Key offerings
          • 10.4 Ape Software Inc.
            • Exhibit 46: Ape Software Inc. - Overview
            • Exhibit 47: Ape Software Inc. - Product and service
            • Exhibit 48: Ape Software Inc. - Key offerings
          • 10.5 AVL List GmbH
            • 10.6 Beamex Oy AB
              • Exhibit 52: Beamex Oy AB - Overview
              • Exhibit 53: Beamex Oy AB - Product and service
              • Exhibit 54: Beamex Oy AB - Key offerings
            • 10.7 Business Analysis Ltd.
              • Exhibit 55: Business Analysis Ltd. - Overview
              • Exhibit 56: Business Analysis Ltd. - Product and service
              • Exhibit 57: Business Analysis Ltd. - Key offerings
            • 10.8 CompuCal Calibration Solutions
              • Exhibit 58: CompuCal Calibration Solutions - Overview
              • Exhibit 59: CompuCal Calibration Solutions - Product and service
              • Exhibit 60: CompuCal Calibration Solutions - Key offerings
            • 10.9 CyberMetrics Corp.
              • Exhibit 61: CyberMetrics Corp. - Overview
              • Exhibit 62: CyberMetrics Corp. - Product and service
              • Exhibit 63: CyberMetrics Corp. - Key offerings
            • 10.10 ETQ LLC
              • Exhibit 64: ETQ LLC - Overview
              • Exhibit 65: ETQ LLC - Product and service
              • Exhibit 66: ETQ LLC - Key offerings
            • 10.11 Fortive Corp.
              • Exhibit 67: Fortive Corp. - Overview
              • Exhibit 68: Fortive Corp. - Business segments
              • Exhibit 69: Fortive Corp. - Key offerings
              • Exhibit 70: Fortive Corp. - Segment focus
            • 10.12 Techgate LLC
              • Exhibit 71: Techgate LLC - Overview
              • Exhibit 72: Techgate LLC - Product and service
              • Exhibit 73: Techgate LLC - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 74: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 75: Research Methodology
                • Exhibit 76: Validation techniques employed for market sizing
                • Exhibit 77: Information sources
              • 11.4 List of abbreviations
                • Exhibit 78: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
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              Calibration Management Software Market market growth will increase by $100.84 mn during 2021-2025.
              The calibration management software market market is expected to grow at a CAGR of 5.7% during 2021-2025.
              Technavio has segmented the calibration management software market market by technology (locally installed and cloud-based) ,geography (North America, Europe, APAC, South America, and MEA) , and geographic (North America, Europe, APAC, South America, and MEA).
              AVL List GmbH, Beamex Oy Ab, CompuCal Calibration Solutions, CyberMetrics Corp., ETQ LLC, Fortive Corp., P.J. Bonner & Co. Ltd., Prime Technologies Inc., Productivity-Quality Systems Inc., Quality America Inc. are a few of the key vendors in the calibration management software market market.
              North America will register the highest growth rate of 35% among the other regions. Therefore, the calibration management software market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the calibration management software market market growth are:
              • automation of calibration process
              • Automation of laboratory instruments
              The calibration management software market market vendors should focus on grabbing business opportunities from the locally installed segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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