What is Change Control Software Market?
The global change control software market is expected to grow at a significant rate during the forecast period, according to the AMA study. The growing demand for automation and connected process documentation is one of the major factors aiding into the growth of the market. In addition, industrial transformation 4.0 will further create opportunities for market vendors during the near future.
Highlights from Change Control Software Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | AssurX, Inc. (United States), Sparta Systems, Inc. (United States), MasterControl, Inc. (United States), Pilgrim Quality Solutions (United States), Qualityze Inc. (United States), Gensuite (United States), Intellect (United States), Greenlight Guru (United States), CAQ AG Factory Systems (Germany) and DocXellent (United States) |
The vendors in this market are majorly focusing on developing new and innovative solutions to cater to the industry demands in order to remain competitive in the global market. For instance, in May 2017, Pilgrim Quality Solutions announced that it has launched its latest versions of key solutions within its SmartSolve platform Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Change Control Software market throughout the forecasted period.
AssurX, Inc. (United States), Sparta Systems, Inc. (United States), MasterControl, Inc. (United States), Pilgrim Quality Solutions (United States), Qualityze Inc. (United States), Gensuite (United States), Intellect (United States), Greenlight Guru (United States), CAQ AG Factory Systems (Germany) and DocXellent (United States) are some of the key players profiled in the study. Change Control Software Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Initial Request, Pre-Approvals, Change Execution, Follow-Up Approvals, Implementation, Documentation and Others |
End Users | SMEs,Large Enterprises |
Industry Verticals | Energy & Utilities,Life Sciences,Medical & Healthcare,Food & Beverage,Manufacturing,Others |
Deployment | On-Premise,Cloud-based {Public, Private, Hybrid} |
On the basis of geography, the market of Change Control Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Industry 4.0 Transformation is One of the Major Trends for the Market, Increasing Demand for Streamlined and Constant Changes in Operation of the Companies and Adoption of Artificial Intelligence in the Platform
Market Growth Drivers:
Growing Demand for Automation & Connected Process with Documentation and Growing Automation Across Different Industry Verticals
Challenges:
High Cost of Software
Restraints:
Challenges in Automation of Various Industries which are Operating with Traditional Process since Decades
Opportunities:
Transforming Supply Chain of Different Industries is Expected tobe one of the Factors which will Create Huge Opportunities for Market Vendors During the Near Future and Introduction of New Regulations Across Different Industries Regarding Product Quality, Compliance, and Safety & Security Propelling the Changes in Organizations which will Create Further Demand for Change Control Software
Key Target Audience
Change Software Developers, Service Providers, New Entrants/Investors, Analysts and Strategic Business Planners and Providers, Venture Capitalists and Private Equity Firms and Government Regulatory and Research Organizations
In 2019, AssurX, Inc. announced that it has launched its new patch management software for grater IT and OT asset control which can be integrated with AssurX or other vendors’ quality management software for corrective and preventive actions (CAPA), change control, training, or any connected quality process.