Global Inspection Management Software Market is valued approximately USD 7.1 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 12.8% over the forecast period 2022-2029. Inspection Management Software refers to set of computer applications utilized to automate complex inspection processes while meeting regulatory compliances. The application of inspection management software helps organizations to plan, implement, and monitor inspection tasks for different inspection processes such as quality assurance, environmental protection, and health & Safety. It is widely used across a range of industries such as Manufacturing, Construction, Aerospace, logistics and transportation among others. The increasing business process automation across different industries and growing adoption of cloud applications worldwide as well as strategic initiatives from leading market players are key factors accelerating the market growth.
According to Statista -, 2021, the global cloud applications market valued at USD 133.6 billion, and it is projected to grow to USD 168.6 billion by 2025. Also, growing emergence of IoT and Cloud Technologies and shifting preference towards virtual & remote inspection would create lucrative growth prospectus for the market over the forecast period. However, high deployment cost associated with Inspection Management Software and lack of uniform inspection standards by government authorities impede the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Inspection Management Software Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to presence of leading market players as well as rising adoption of inspection management software across different industries such as manufacturing, construction, and aerospace sector in the region. Whereas Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising industrialization as well as stringent compliances from government authorities towards industrial safety in the region.
Major market players included in this report are:
Dassault Systems (France)
Wolters Kluwer (Netherlands)
Veeva Systems (US)
Recent Developments in the Market:
In 2019, Railroad Software- launched a new suite of bridge inspection software with TrackAsset application. This software intended for facilitating electronic capture of bridge inspections for the 'federal railroad administration' (FRA) compliance. This new solution enables engineers to track upcoming inspections and generate work orders.
In December 2021, France based Simesys, a software publisher of inspection and maintenance applications, launched Evolis Integrity V3, the new version of its software suite intended for the inspection of complex industrial infrastructures.
Global Inspection Management Software Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Component, Organization Size, Deployment Mode, End Use Industry, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Organization Size:
By Deployment mode:
By End Use Industry:
Aerospace and Defense
Energy and Utilities
Transport and Logistics
Rest of the World