Inspection Management Software Market Size worth USD 13.1 billion by 2026
Inspection Management Software Market by Component (Solution and Services), Deployment Mode, Organization Size, Vertical (Aerospace and Defense, Healthcare and Life Sciences), and Region - Global Forecast to 2026
Northbrook, IL 60062 -- (SBWire) -- 09/07/2022 --According to a MarketsandMarkets™, Inspection Management Software Market is expected to grow from USD 7.6 billion in 2021 to USD 13.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.5% during the forecast period.
Inspection management software is a type of digital tool that includes checklists, work order management systems, and reporting and analytics dashboards and is used to ensure the safety of an organization's facilities. Inspection management software allows users to digitalize all or part of their inspection process, which comprises functions such as managing schedules, conducting timely inspections, creating checklists, and storing and tracking documents.
Browse in-depth TOC on "Inspection Management Software Market"
Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=57838706
The solution segment is estimated to have a larger market size during the forecast period
The features of the inspection management software includes appointment management which offers scheduling, changing, or cancelling appointments easily, checklist offers to-do lists that can be marked during inspection to ensure nothing is forgotten, reporting/analytics offers viewing and tracking metrics for insight into how your business is performing and where it could improve, dispatch management offers sending personnel and resources to a site as needed, image capture offers process images and automatically scan for data to easily store information.
The large enterprises segment is expected to have a larger market size during the forecast period
The adoption of inspection management software in large enterprises is relatively higher as compared to SMEs. The adoption of inspection management software in large enterprises is higher than in SMEs due to a higher volume of data to be managed. This trend is expected to continue during the forecast period. Large enterprises have multiple offices and divisions across the world. These enterprises benefit from centralized, cloud-based inspection management software to monitor offices and divisions from enterprise headquarters. The emergence of cloud-based inspection management software enables the monitoring of incidents over the cloud. Large enterprises use Enterprise Quality Management Software (EQMS) which can be implemented based on any organization's business and quality requirements.
The healthcare and life sciences vertical is expected to hold the highest market share
In the healthcare industry, an inspection management system can help to streamline key processes such as performance evaluation, staff planning and training, and patient satisfaction. To keep the patients and employees safe, healthcare facilities need a strong inspection management system. Qualityze Inspection Management improves patient care by streamlining inspection processes and fostering a culture of quality improvement. It allows the inspection teams to work more efficiently in order to reduce overall risks in healthcare facilities. It increases customers' trust in healthcare facilities. Their inspection management solution enables to measure, monitor, and manage all critical parameters in order to achieve high levels of customer satisfaction and compliance. To ensure product quality and safety, the FDA has specifically classified inspections for highly regulated industries, including Lifesciences.
North America to dominate the Inspection Management Software Market in 2021
The increased adoption of cloud technologies, robotics, big data, medical devices, 3D printing, stainless steel, drill pipe storage material, and the presence of large manufacturing plants and large retail chains are expected to drive the region's adoption of inspection management software. The need for SCM in the region is being pushed by technological innovation and supply chain operations, such as logistics, warehousing, fulfilment, production, and transportation management, which are driving the market.
Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=57838706
The Inspection Management Software Market is dominated by companies such as SAP (Germany), Oracle (US), Siemens (Germany), Dassault Systemes (France), PTC (US), Hexagon (Sweden), Wolters Kluwer (Netherlands), Ideagen (UK), Autodesk (US), Veeva Systems (US), ETQ (US), Gensuite (US), Intelex (Canada), IQS (US), MasterControl (US), MetricStream (US), Penta Technologies (Canada), Pilgrim (US), Plex (US), ReachOutSuite (US), Cority (Canada), ComplianceQuest (US), Omnex Systems (US), Field Eagle (US), MoonVision (Austria), Thrive Technologies (US), Sparta Systems (US), Aras (US), AssurX (US), and Qualityze (US).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
Visit Our Website: https://www.marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/inspection-management-software-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/inspection-management-software.asp
Media Relations Contact
View this press release online at: http://rwire.com/1363270