The global calibration management software market is expected to increase at a 5.1% CAGR from 2022 to 2032, from US$ 323.2 Million in 2022 to US$ 529.9 Million in 2032. The increasing requirement for calibration management software to handle equipment and devices that require routine testing to assure scalability and operation is one of the primary reasons driving the market during the forecast period. From 2016 to 2021, the demand for calibration management software expanded at a CAGR of 3.8%.
Calibration management software is critical in calibration laboratories. Calibration lab workloads are becoming more complex, there are fewer professionals, there are an increasing number of quality criteria, and there is a continual demand to cut costs. As a solution to these issues, calibration management software is proposed. Various enterprises and consumers use this software to meet quality assurance criteria for the use 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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