NEW YORK, Jan. 18, 2023 /PRNewswire/ -- According to Technavio, the global calibration management software market size is estimated to grow by USD 91.28 million from 2022 to 2027. The market is estimated to grow at a CAGR of over 4.69% during the forecast period. However, the growth momentum will progress. North America held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 35%For more Insights on market size Request a sample report

Global calibration management software market - Five Forces

The global cloud data warehouse market is fragmented, and the five forces analysis covers – 

  • Bargaining power of buyers 
  • The threat of new entrants
  • Threat of rivalry
  • Bargaining power of suppliers
  • Threat of substitutes
  • Interpretation of porter's five models helps to strategize the business, for entire details – buy the report!

Global calibration management software market – Customer Landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global calibration management software market - Segmentation Assessment

Segment Overview

Technavio has segmented the market based on technology (Locally installed and Cloud-based), and applications (Large enterprise, Small, and medium enterprise).

  • The locally installed segment will grow at a significant rate during the forecast period. Locally installed calibration management software ensures immediate action in case of emergencies and is expensive at the time of purchase. Driving factors for the locally installed calibration management software such as Security, and Offline accessibility. Such factors will increase segment growth during the forecast period.

Geography Overview

By geography, the global calibration management software market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global calibration management software market.

  • North America is estimated to account for 35% of the growth of the global market during the forecast period. A major share of the revenue in the market was generated from North America as it is the key manufacturing region with a strong presence in industries such as the oil and gas, power, automotive, food and beverage, and pharmaceutical industries. Huge investment in the power sector requires the deployment of calibration management software in the power sector for installation and maintenance time of power equipment. It certainly boosts the demand in the calibration management software market in the region.

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Global calibration management software market – Market Dynamics

Key factor driving market growth

  • 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.

Leading trends influencing the market 

  • Automation of laboratory instruments is the major trend influencing calibration management software growth. 
  • Automated laboratories assure compliance with 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.

Major challenges hindering the market growth

  • 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, which will hinder the market growth during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this calibration management software market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the calibration management software market between 2023 and 2027
  • Precise estimation of the size of the calibration management software market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the calibration management software market industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of calibration management software market vendors

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Calibration Management Software Market Scope

Report Coverage

Details

Page number

156

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.69%

Market growth 2023-2027

USD 91.28 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.54

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 35%

Key countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ACG Infotech Ltd., Ape Software Inc., AVL List GmbH, Business Analysis Ltd., CompuCal Calibration Solutions, CyberMetrics Corp., Espresso Moon LLC, Fortive Corp., Hexagon AB, Humpage Technology Ltd., IndySoft Corp., Nagman Instruments and Electronics Pvt. Ltd., P.J. Bonner and Co. Ltd., Prime Technologies Inc., Productivity-Quality Systems Inc., Quality America Inc., Qualityze Inc., QUBYX Software Technologies LTD., Sarlin Oy Ab, and Techgate LLC

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, and 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.

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.

Table of contents

1 Executive Summary

 

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global calibration management software market 2017 - 2021 
    • Exhibit 18: Historic Market Size – Data Table on Global calibration management software market 2017 - 2021 ($ million)
  • 4.2 Technology Segment Analysis 2017 - 2021 
    • Exhibit 19: Historic Market Size – Technology Segment 2017 - 2021 ($ million)
  • 4.3 Application Segment Analysis 2017 - 2021 
    • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
  • 4.4 Geography Segment Analysis 2017 - 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
  • 4.5 Country Segment Analysis 2017 - 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary
    • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition
    • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Technology

  • 6.1 Market segments
    • Exhibit 30: Chart on Technology - Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Technology - Market share 2022-2027 (%)
  • 6.2 Comparison by Technology 
    • Exhibit 32: Chart on Comparison by Technology
    • Exhibit 33: Data Table on Comparison by Technology
  • 6.3 Locally installed - Market size and forecast 2022-2027 
    • Exhibit 34: Chart on Locally installed - Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Data Table on Locally installed - Market size and forecast 2022-2027 ($ million)
    • Exhibit 36: Chart on Locally installed - Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Locally installed - Year-over-year growth 2022-2027 (%)
  • 6.4 Cloud-based - Market size and forecast 2022-2027 
    • Exhibit 38: Chart on Cloud-based - Market size and forecast 2022-2027 ($ million)
    • Exhibit 39: Data Table on Cloud-based - Market size and forecast 2022-2027 ($ million)
    • Exhibit 40: Chart on Cloud-based - Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Cloud-based - Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by Technology 
    • Exhibit 42: Market opportunity by Technology ($ million)

7 Market Segmentation by Application

  • 7.1 Market segments
    • Exhibit 43: Chart on Application - Market share 2022-2027 (%)
    • Exhibit 44: Data Table on Application - Market share 2022-2027 (%)
  • 7.2 Comparison by Application 
    • Exhibit 45: Chart on Comparison by Application
    • Exhibit 46: Data Table on Comparison by Application
  • 7.3 Large enterprise - Market size and forecast 2022-2027 
    • Exhibit 47: Chart on Large enterprise - Market size and forecast 2022-2027 ($ million)
    • Exhibit 48: Data Table on Large enterprise - Market size and forecast 2022-2027 ($ million)
    • Exhibit 49: Chart on Large enterprise - Year-over-year growth 2022-2027 (%)
    • Exhibit 50: Data Table on Large enterprise - Year-over-year growth 2022-2027 (%)
  • 7.4 Small and medium enterprise - Market size and forecast 2022-2027 
    • Exhibit 51: Chart on Small and medium enterprise - Market size and forecast 2022-2027 ($ million)
    • Exhibit 52: Data Table on Small and medium enterprise - Market size and forecast 2022-2027 ($ million)
    • Exhibit 53: Chart on Small and medium enterprise - Year-over-year growth 2022-2027 (%)
    • Exhibit 54: Data Table on Small and medium enterprise - Year-over-year growth 2022-2027 (%)
  • 7.5 Market opportunity by Application 
    • Exhibit 55: Market opportunity by Application ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 57: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 59: Chart on Geographic comparison
    • Exhibit 60: Data Table on Geographic comparison
  • 9.3 North America - Market size and forecast 2022-2027 
    • Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 9.4 Europe - Market size and forecast 2022-2027 
    • Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 9.5 APAC - Market size and forecast 2022-2027 
    • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 9.6 South America - Market size and forecast 2022-2027 
    • Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 9.7 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 9.8 US - Market size and forecast 2022-2027 
    • Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 9.9 China - Market size and forecast 2022-2027 
    • Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)
  • 9.10 Germany - Market size and forecast 2022-2027 
    • Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)
  • 9.11 UK - Market size and forecast 2022-2027 
    • Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)
  • 9.12 Canada - Market size and forecast 2022-2027 
    • Exhibit 97: Chart on Canada - Market size and forecast 2022-2027 ($ million)
    • Exhibit 98: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
    • Exhibit 99: Chart on Canada - Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on Canada - Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 102: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape
    • Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption
    • Exhibit 104: Overview on factors of disruption
  • 11.4 Industry risks
    • Exhibit 105: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered
    • Exhibit 106: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 107: Matrix on vendor position and classification
  • 12.3 ACG Infotech Ltd.
    • Exhibit 108: ACG Infotech Ltd. - Overview
    • Exhibit 109: ACG Infotech Ltd. - Product / Service
    • Exhibit 110: ACG Infotech Ltd. - Key offerings
  • 12.4 Ape Software Inc.
    • Exhibit 111: Ape Software Inc. - Overview
    • Exhibit 112: Ape Software Inc. - Product / Service
    • Exhibit 113: Ape Software Inc. - Key offerings
  • 12.5 AVL List GmbH
    • Exhibit 114: AVL List GmbH - Overview
    • Exhibit 115: AVL List GmbH - Product / Service
    • Exhibit 116: AVL List GmbH - Key offerings
  • 12.6 Business Analysis Ltd. 
    • Exhibit 117: Business Analysis Ltd. - Overview
    • Exhibit 118: Business Analysis Ltd. - Product / Service
    • Exhibit 119: Business Analysis Ltd. - Key offerings
  • 12.7 CompuCal Calibration Solutions 
    • Exhibit 120: CompuCal Calibration Solutions - Overview
    • Exhibit 121: CompuCal Calibration Solutions - Product / Service
    • Exhibit 122: CompuCal Calibration Solutions - Key offerings
  • 12.8 CyberMetrics Corp.
    • Exhibit 123: CyberMetrics Corp. - Overview
    • Exhibit 124: CyberMetrics Corp. - Product / Service
    • Exhibit 125: CyberMetrics Corp. - Key offerings
  • 12.9 Fortive Corp.
    • Exhibit 126: Fortive Corp. - Overview
    • Exhibit 127: Fortive Corp. - Business segments
    • Exhibit 128: Fortive Corp. - Key news
    • Exhibit 129: Fortive Corp. - Key offerings
    • Exhibit 130: Fortive Corp. - Segment focus
  • 12.10 Hexagon AB
    • Exhibit 131: Hexagon AB - Overview
    • Exhibit 132: Hexagon AB - Business segments
    • Exhibit 133: Hexagon AB - Key news
    • Exhibit 134: Hexagon AB - Key offerings
    • Exhibit 135: Hexagon AB - Segment focus
  • 12.11 Humpage Technology Ltd. 
    • Exhibit 136: Humpage Technology Ltd. - Overview
    • Exhibit 137: Humpage Technology Ltd. - Product / Service
    • Exhibit 138: Humpage Technology Ltd. - Key offerings
  • 12.12 IndySoft Corp.
    • Exhibit 139: IndySoft Corp. - Overview
    • Exhibit 140: IndySoft Corp. - Product / Service
    • Exhibit 141: IndySoft Corp. - Key offerings
  • 12.13 Nagman Instruments and Electronics Pvt. Ltd. 
    • Exhibit 142: Nagman Instruments and Electronics Pvt. Ltd. - Overview
    • Exhibit 143: Nagman Instruments and Electronics Pvt. Ltd. - Product / Service
    • Exhibit 144: Nagman Instruments and Electronics Pvt. Ltd. - Key offerings
  • 12.14 P.J. Bonner and Co. Ltd. 
    • Exhibit 145: P.J. Bonner and Co. Ltd. - Overview
    • Exhibit 146: P.J. Bonner and Co. Ltd. - Product / Service
    • Exhibit 147: P.J. Bonner and Co. Ltd. - Key offerings
  • 12.15 Prime Technologies Inc. 
    • Exhibit 148: Prime Technologies Inc. - Overview
    • Exhibit 149: Prime Technologies Inc. - Product / Service
    • Exhibit 150: Prime Technologies Inc. - Key offerings
  • 12.16 Sarlin Oy Ab
    • Exhibit 151: Sarlin Oy Ab - Overview
    • Exhibit 152: Sarlin Oy Ab - Product / Service
    • Exhibit 153: Sarlin Oy Ab - Key offerings
  • 12.17 Techgate LLC
    • Exhibit 154: Techgate LLC - Overview
    • Exhibit 155: Techgate LLC - Product / Service
    • Exhibit 156: Techgate LLC - Key offerings

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 157: Inclusions checklist
    • Exhibit 158: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 159: Currency conversion rates for US$
  • 13.4 Research methodology
    • Exhibit 160: Research methodology
    • Exhibit 161: Validation techniques employed for market sizing
    • Exhibit 162: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 163: List of abbreviations
About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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