The global calibration management software market is anticipated to grow from US$ 323.2 Million in 2022 to US$ 529.9 Million in 2032, with a CAGR of 5.1% over that time. One of the main factors driving the market during the projection period is the rising need for calibration management software to manage instruments and devices that require routine tests to ensure scalability and operation. The demand for calibration management software increased at a CAGR of 3.8% from 2016 to 2021.
In calibration laboratories, calibration management software is crucial. The workload at calibration labs is becoming more complex, there are fewer technicians, there are a growing number of quality requirements, and there is an ongoing demand to save expenses. Software for calibration management is presented as a solution to these problems. Different businesses and consumers utilize this software to uphold quality assurance requirements pertaining to the utilization of such equipment within their organizations.
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Software for calibration management is created to assist quality and calibration managers in maintaining compliance. Additionally, it does away with the necessity for manual calculations while making records, performing calibrations, or approving final records. Software for calibration management provides a number of advantages, such as electronic certifications, integrated measurement and calibration traceability, and traceability of calibration findings.
Calibrations management software also helps in minimizing measurement errors and rates during production in various verticals such as pharmaceuticals, food and beverages, chemicals and others. It also ensures the consistent quality and reliability of measurements.
Calibration Management Software Market: Market Dynamics
Automatic asset record & control maintenance and integrated tracking, reporting, and auditing capabilities are expected to fuel the growth of the calibration management software market.
The complication in calibration software and high cost can hamper the growth of the calibration management software market.
Outsourcing of calibration to calibration service companies, calibration labs, and equipment manufacturers. So that the company that outsources the process will be responsible for managing and maintaining calibration records. As a result, calibration management software is in huge demand from different verticals to keep track of service orders and schedules in various industries.
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Competitive Landscape
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
- AVL List GmbH–The company offers various powertrain elements such as the battery, e-drive, engine, transmission, vehicle system, controls, and electronics.
- Beamex Oy Ab–The company offers a range of calibration software such as Beamex CMX calibration management software, Beamex LOGiCAL calibration software, and Beamex bMobile calibration application.
- CompuCal Calibration Solutions–The company offers calibration management software that reduces business running costs and ensures full compliance with industry regulations.
Some of the key players proliferating in the market are:
- AcTouch.com.
- Ape Software Inc.
- AVL List GmbH
- Beamex Oy Ab
- CompuCal Calibration Solutions
- CyberMetrics Corporation
- ETQ LLC
- Fluke Corporation
- Fortive Corp.
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Key Segments in the Calibration Management Software Market
By Deployement Type:
- Cloud
- On-premise
By Enterprise:
- Small & medium enterprise
- Large enterprise
By End-User:
- IT & Telecom
- Healthcare
- BFSI
- Government
- Manufacturing
- Construction
- Other
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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