The global calibration management software market research report by Technavio predicts the market to post a CAGR of more than 5% during the period 2018-2022.
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Technavio has published a new market research report on the global calibration management software market for the period 2018-2022. (Graphic: Business Wire)
A key driver for the global calibration management software market is the growing automation of the calibration process. The calibration management software provides optimized solutions to automate the calibration process. Calibration management software ensures the accuracy of devices operating in remote locations and is, therefore, essential for power stations, offshore platforms, refineries, and other process plants.
This global calibration management software marketresearchreportalso provides an analysis of the most important trends expected to impact the market outlook during the period 2018-2022. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the automation of laboratory instruments as one of the key trends in the global calibration management software market:
Global calibration management software market: Automation of laboratory instruments
Several major laboratories have been adopting advanced technologies for the rapid and accurate calibration of instruments. Automated systems performing calibration are supported by the calibration management software, which includes pre-calibration, calibration, and post-calibration techniques. The implementation of IoT will create increased demand for calibration management software during the forecast period.
"The calibration of devices is preferred when the industries require certifications for the calibration procedures. Automated laboratories assure compliance to regulations such as ISO/IEC 17025. The calibration of laboratory equipment has the capability to impact the international trade as calibration ensures the acceptance of test reports and certificates between different countries," says a senior research analyst at Technavio.
Global calibration management software market: Segmentation analysis
This calibration management software market analysis report segments the market by technology (locally installed software and cloud-based software) and geography (the Americas, APAC, and EMEA).
The locally installed software segment held the largest calibration management software market share in 2017, accounting for over 64% of the market. This technology segment is expected to dominate the global market throughout the forecast period.
The Americas led the market in 2017 with approximately 43% of the market share, followed by EMEA and APAC respectively. The Americas is expected to dominate the market throughout the period 2018-2022.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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