What is Calibration Management Software?
The calibration management software automates the process of scheduling the calibration, monitoring and calibrating gauges, maintenance requirement, and other assets, helping organizations ensure consistent quality and increased efficiency in all types of industrial settings. The software helps in ensuring the moving parts have lubricants and ensure consumable products used in a process are replaced in advance. It eliminates the need to wait for things run low or for an error to occur.
The market study is broken down, by Application (Oil and Gas Extraction, Refining, Pharmaceutical, Power Production Facilities and Food Production Facilities) and major geographies with country level break-up.
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
CyberMetrics Corporation (United States), Fluke Corporation (Fortive) (United States), PQ Systems (GagePack) (United States), Beamex (Sarlin Group Oy) (Finland), Prime Technologies (ProCalV5) (United States), CompuCal (Ireland), QUBYX (United States), Ape Software Inc (Japan), Qualer (United States), Isolocity (Canada) and Transcat, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Calibration Management Software market by Type, Application and Region.
On the basis of geography, the market of Calibration Management 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). If we see Market by Pricing Option, the sub-segment i.e. Monthly Subscription will boost the Calibration Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud-based will boost the Calibration Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Alerts/Notifications will boost the Calibration Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operating System, the sub-segment i.e. Windows will boost the Calibration Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 22nd July 2019, Transcat, Inc. announced that it has acquired Infinite Integral Solutions Inc. headquartered in Mississauga, Ontario, Canada, is the owner and developer of the CalTree™ suite of software solutions for the automation of calibration procedures and datasheet generation. Total consideration for the shares of IIS was USD1.4 million, subject in part to the achievement of certain milestones.
On 26th February 2020, Qualer is a solution with a singular focus: shaping the future of asset health. Qualer has designed a collaborative ecosystem that connects all of the pieces and people one needs to manage the life-cycle of critical assets together. Qualer empowers all stakeholders to communicate seamlessly under a single platform, creating alignment and making sure the right people are involved at the right time.
Market Trend
- The Adoption of Artificial Intelligence in Calibration Management Software
- Technological Advancement in Calibration Management Software
Market Drivers
- The Demand for Minimized Expenses and Maximized Efficiency in Managing the Asset
- Need for Automation in Planning and Scheduling of Calibration Work
Opportunities
- The Awareness about the Use and Benefits of Calibration Management Software in Various Industries
Restraints
- Stringent Regulatory Compliance with Calibration Management Software
Challenges
- Technical Issues with Calibration Management Software
Key Target Audience
Calibration Management Software Developers, Calibration Management Industry Associations, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.