PUBLISHER: Allied Market Research | PRODUCT CODE: 1179770
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179770
Inspection management software is increasingly offered by companies to view task instructions, inspection checklists, and troubleshooting procedures, and get real-time assistance in business procedures. The software meets the needs of the end-users in seamless inspection tasks and secured quality. Furthermore, it provides an expandable framework, as well as embody both traditional and innovative offering, including setting-up sampling plans, verifying sample variable and attributes, performing stringent inspections, evaluating material reinspection requirements, and integrating with ERP systems for purchase order information. Moreover, with the advancement and innovation across the industry verticals and the consolidation of dedicated companies in inspection management software, several software developers have contributed to increasing the availability of inspection solutions on account of rapid digitalization initiatives.
Rise in the adoption of the business automation process for seamless inspection drives the growth of the inspection management software market. Moreover, escalating demand for streamlining the inspection tasks and the significant presence of regulatory standards for product safety and environmental protection are boosting the market size. However, the shortage of global inspection standards by government authorities, along with the high cost of innovation and budget constraints hampers the growth of the market. On the contrary, the surge in demand for advanced and emerging technologies coupled with the robust demand for remote inspection and virtual assessment in end-use industries is anticipated to provide remunerative opportunities for expansion of the market during the forecast period.
The global inspection management software market is segmented on the basis of component, deployment mode, organization size, industry vertical, and region. On the basis of component, the market is categorized into solution and services. On the basis of deployment mode, the market is segregated into on-premises and cloud. By organization size, it is classified into small to medium enterprises (SMEs) and large enterprises. Based on industry vertical, it is segregated into aerospace and defense, manufacturing, energy & utilities, transportation & logistics, consumer goods and retail, IT & telecom, healthcare and life sciences, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the inspection management software market are Autodesk, Inc., Dassault Systems, Hexagon, MetricStream Inc., Oracle Corporation, Penta Technologies, Inc., PTC, SAP SE, Siemens AG, and Wolters Kluwer NV. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
By Component
By Deployment Mode
By Organization Size
By Industry Vertical
By Region