The calibration management software market is projected to have a moderate-paced CAGR of 5.3% during the forecast period. The current valuation of the calibration management software market is USD 335.2 million in 2023. The market value of the calibration management software market is anticipated to reach a high of USD 563.5 million by 2033. A historical CAGR of 3.2% has been recorded by the experts of Future Market Insights for the market concerned.
The calibration management software has been designed to help calibration managers maintain quality and compliance management and is gaining traction in the global market. The calibration management software is widely adopted as it eliminates the need for manual calculation during the creation of records, during calibration processes, or when the final records are approved.
| Report Attribute | Details |
|---|---|
| Calibration Management Software Market Value (2023) | USD 335.2 million |
| Calibration Management Software Market Anticipated Value (2033) | USD 563.5 million |
| Calibration Management Software Projected Growth Rate (2023 to 2033) | 5.3% |
The calibration management software is recognized to offer many advantages, including traceability of calibration results, electronic format certificates, integrated measurement traceability, and more.
In addition, the calibration management software helps minimize measurement errors and scrap rates in various verticals during production, such as food & beverages, chemicals, pharmaceuticals, and others.
Therefore, it is anticipated that the calibration management software market will likely grow significantly during the forecast period.
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Several growth-propelling factors have been identified by the experts of Future Market Insights that are likely to boost the expansion rate and size of the calibration management software market in the upcoming years.
These factors are identified in the analysis that is contributing to the growth of the calibration management software market globally
Despite the influential factors prevailing in the market, there are certain aspects that are likely to curb the pace of expansion of the calibration management software market. They can be identified as follows:
North America:
| Region | North America |
|---|---|
| Market Share Held | The North American region is expected to account for a dominant global calibration management software market share. Current Market Share Held: 31.3% |
| Factors Responsible | The expansion of the market in North America can be attributed to:
|
Europe:
| Region | Europe |
|---|---|
| Market Share Held | Europe is projected to hold the second largest share in the global calibration management software market and is likely to have significant growth from 2023 to 2033. Current Market Share Held: 20.1% |
| Factors Responsible | The factors responsible for the market share expansion can be identified below:
|
Principal Consultant
Projected Performance of Start-Up Companies in Coming Years
The new entrants in the calibration management software market continually indulge in several collaborations and highly invest in research and development activities to provide more convenient calibration solutions to the end-users in different industry verticals and optimize the adoption of this software for further automation and accuracy.
Three Top Start-Ups to Watch For
GageList - Recalibrating Calibrations
It is a simple cloud-based and mobile calibration management software providing unlimited users on all accounts at no extra cost, coupled with free multi-site account management. GageList lets unlimited users collaborate on gage management from anywhere, anytime, with management from a single control panel.
GAGEtrak - Calibration Management Software
GAGEtrak effectively manages metrology assets, monitors scheduled ad unscheduled calibrations, and forecasts workloads, minimizing cost and maximizing efficiency. It is available in desktop, client/server, and hosted versions.
ProCalV5 - Calibration Software Quality Management
ProCalV5 calibration software outpaces the competition with feature-rich functionality and options. Scrutinizing quality compliance experts are careful to select solutions that deliver expected beneficial results. They claim many industry firsts and continue to set new standards that other programs struggle to emulate.
Take of the Biggies in the Global Calibration Software Management Market
The growing competition in the market is compelling the key players to adopt various growth strategies, such as promotional activities and spending on advertisements to improve the visibility of their services. Some manufacturers are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
Three Top Market Players Revolutionizing the Market
Recent Development
In 2019, Liquid Instrument announced to raise USD 8.16 million to enhance its product line for education, research, and industrial markets in the United States and other regions.
Some of the key players proliferating in the market are:
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| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.3% from 2023 to 2033 |
| Base Year for Estimation | 2021 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Deployment Type, Enterprise, Industry, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | United States, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | AcTouch.com.; Ape Software Inc.; AVL List GmbH; Beamex Oy Ab; CompuCal Calibration Solutions; CyberMetrics Corporation; ETQ LLC; Fluke Corporation; Fortive Corp.; MasterControl, Inc.; P.J. Bonner & Co. Ltd.; Prime Technologies Inc.; Productivity-Quality Systems Inc.; Quality |
| Customization | Available Upon Request |
The United States is the leading market and is expected to be valued at USD 13.4 billion by 2033.
The market is valued at USD 335.2 million in 2023.
The overall market is expected to advance at 5.3% CAGR until 2033.
The total market size is forecasted to reach USD 563.5 million by 2033.
North America’s market held 31.3% of the global market share in 2022.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Deployment Type 5.1. Cloud 5.2. On-premise 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Enterprise 6.1. Small & Medium Enterprise 6.2. Large Enterprise 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-User 7.1. IT & Telecom 7.2. Healthcare 7.3. BFSI 7.4. Government 7.5. Manufacturing 7.6. Construction 7.7. Other 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. AcTouch.com 18.2. Ape Software Inc. 18.3. AVL List GmbH 18.4. Beamex Oy Ab 18.5. CompuCal Calibration Solutions 18.6. CyberMetrics Corporation 18.7. ETQ LLC 18.8. Fluke Corporation 18.9. Fortive Corp. 18.10. MasterControl, Inc. 18.11. P.J. Bonner & Co. Ltd. 18.12. Prime Technologies Inc. 18.13. Productivity-Quality Systems Inc. 18.14. Qualcy 19. Assumptions & Acronyms Used 20. Research Methodology
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Calibration Management Software Market
