Calibration Management Software Market - Major Revenue Gains are Expected by 2032

A CAGR of 5.1 percent is predicted for the calibration management software market, which is expected to increase from US$ 323.2 Million in 2022 to US$ 529.9 Million in 2032. The growing need for calibration management software to manage equipment and devices that need routine tests to assure scalability and operation is one of the key factors propelling the market during the forecast period. From 2016 to 2021, the demand for calibration management software expanded at a CAGR of 3.8%.

Software for calibration management is essential in calibration labs. In calibration labs, there are fewer technicians, an increasing number of quality criteria, and a constant need to reduce costs. The task is also becoming more sophisticated. As an answer to these issues, calibration management software is suggested. This software is used by various companies and customers to uphold quality assurance standards connected to the use of such equipment within their enterprises.

To help quality and calibration managers maintain compliance, software for calibration management is developed. It also eliminates the need for manual computations when creating records, carrying out calibrations, or approving finished records. A number of benefits are offered by calibration management software, including electronic certifications, integrated measurement and calibration traceability, and traceability of calibration findings.

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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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Global Calibration Management Software Market: Market Segmentation
Segmentation Overview

The calibration management software market is segmented by type, application, end-user, and region.

Segmentation by type in the Calibration Management Software market:

Installed
Cloud-based

Segmentation by application in the Calibration Management Software market:

Small & Medium Enterprises
Large Enterprises

Segmentation by end-user in the Calibration Management Software market:

Pharmaceuticals
Aerospace
FMCG
Food & Beverages
Automotive
Others

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Global Calibration Management Software Market: Competition Landscape
Few prominent players in the Calibration Management Software market include cyber metrics Corporation, Verse Solutions, Fluke Calibration, P.J.Bonner, AVL Test Systems, Inc., PQ Systems, Beamex Oy AB, Prime Technologies, CompuCal Calibration Solutions, Business Analysis Limited, and Quality America, etc.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.