Global Market for Inspection Management Software is Anticipated to grow at a Significant Pace i.e., USD 13.7 Billion during the Forecast Period 2021-2027

Published Date: May, 2022

The global inspection management software market is anticipated to grow at a market share of 11.65% (CAGR) during the projected period 2021-2027. Inspection management software aids in the planning, execution, creation of checklists, and storage and monitoring of records.  It offers audit management, asset management, risk management, third-party inspection, compliance, quality management, and training management. Also, inspection management software solutions provide estimation, prepare invoices, and offer quality control of raw materials. Furthermore, it identifies faulty products in production and surges the need to have precise, cost-saving, and properly audits the product. Moreover, the rising demand to streamline business process flow in inspection activities will accelerate the market demand for inspection management software market. Nevertheless, the robust adoption of business automation process in diverse industries will accelerate the demand for workflow optimization leading to market growth of inspection management software market.

In January 2022, Siemens is pleased to announce the release of Teamcenter Quality 6.0, the latest edition of Siemens quality management software. Failure Mode and Effects Analysis (FMEA), Control and Inspection Planning, Quality Project Management, Problem Solving, Quality Issue Management, and Quality Action Management are all upgraded in Teamcenter® Quality software version 6.0.

The COVID-19 pandemic has led to increase in the demand for inspection management software solutions. It is gaining importance globally in hospitals, enterprises, and corporates as it aids in quality control, reduces manufacturing costs, eradicates scrap losses, and finds the root causes of defective work.

Browse 63 market data Tables and 40 Figures spread through 250 Pages and in-depth TOC on " Inspection Management Software Market by Component (Solution and Services), by Organization Size (Large Enterprises and SMEs), by Deployment Model (Cloud and On-Premises), by Industry Vertical (Aerospace and Defense, Manufacturing, Automotive, Energy and Utilities, Transport and Logistics, Consumer Goods and Retail, Telecom, Healthcare and Lifesciences, and Others), and Region - Global Forecast to 2027"

By component, service segment is expected to have a substantial growth during the forecast period 2021-2027.

The service segment is anticipated to have substantial growth during the forecast period and includes consulting, implementation, and support and maintenance services. Inspection management software creation, as well as smooth installation, implementation, and maintenance of ongoing solutions, are provided by these services to end-users. The end-users might get help from some service providers in designing custom solutions for their companies.

Global Inspection Management Software Market Segmentation Analysis

Segment

Categorization

Leading Category

Component

Solution and Services

Solution (Largest)

Organization Size

Large Enterprises and SMEs

SMEs (High CAGR)

Deployment Model

Cloud and On-Premise

On-Premise (Highest)

Industry Vertical

Aerospace and Defense, Manufacturing, Automotive, Energy and Utilities, Transport and Logistics, Consumer Goods and Retail, Telecom, Healthcare and Lifesciences, and Others

Telecom (Largest)

 

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America

(Largest)

Asia-Pacific

 (High CAGR)

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“North America contributes the largest share in the inspection management software market.”

North America accounts for the major share in the global inspection management software market owing to the presence of major industry players emphasizing the need for automation will spur the market growth of the inspection management software market.

Some of the major players in the global Inspection Management Software market include SAP, Oracle, Siemens, Dassault Systèmes, PTC, HEXAGON, Wolters Kluwer N.V., Autodesk Inc., Penta Technologies, Inc. and Veeva Systems.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Component, Organisation Size, Deployment Model, Industry Vertical, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

SAP, Oracle, Siemens, Dassault Systèmes, PTC, HEXAGON, Wolters Kluwer N.V., Autodesk Inc., Penta Technologies, Inc.and Veeva Systems

Global Inspection Management Software Market Coverage

Component Insight and Forecast 2015-2027

  • Solution
  • Services

Organization Size Insight and Forecast 2015-2027

  • Large Enterprises
  • SMEs Biometric Readers

Deployment Model Insight and Forecast 2015-2027

  • Cloud
  • On-Premises

Industry Vertical Insight and Forecast 2015-2027

  • Aerospace and Defense
  • Manufacturing
  • Automotive
  • Energy and Utilities
  • Transport and Logistics
  • Consumer Goods and Retail
  • Telecom
  • Healthcare and Lifesciences
  • Others

Geographical Segmentation

Inspection Management Software Market by Region

North America

  • By Component
  • By Organisation Size
  • By Deployment Model
  • By Industry Vertical
  • By Country – U.S., Canada, and Mexico

Europe

  • By Component
  • By Organisation Size
  • By Deployment Model
  • By Industry Vertical
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Component
  • By Organisation Size
  • By Deployment Model
  • By Industry Vertical
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Component
  • By Organisation Size
  • By Deployment Model
  • By Industry Vertical
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries