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Global Inspection Management Software Market Size, Forecast: By Component: Solution, Services; By Organisation Size: Large Enterprises, Small and Medium Enterprises; By Deployment Mode: On-Premise, Cloud; By Industry Vertical: Consumer Goods and Retail, Manufacturing, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Inspection Management Software Market Outlook
The global inspection management software market size was approximately USD 8.68 billion in 2023. The market is further estimated to grow at a CAGR of 12.70% in the forecast period of 2024-2032, reaching a value of around USD 25.48 billion by 2032.
Key Trends in the Market
Inspection management software is a system that ensures that the organisation follows regular audits and quality control standards mandated by government bodies or public sector authorities. The software encompasses digital tools like reporting and management dashboards, work order management systems, and checklists that help create digital records, streamline operations, and maintain business productivity.
- Growing deployment of inspection management tools to carry out tasks such as preparing checklists and documents, timely scheduling, and keeping track of product quality ensures smooth business operations, which is one of the prominent inspection management software market trends.
- SMEs are readily utilising public cloud-based inspection management software as it offers a cost-effective and scalable solution, which enhances their business productivity by streamlining tasks such as appointment management, audit management, inventory management, and risk management, among others.
- The deployment of technologies such as AR and VR into inspection management systems for the live comparison of a site or business asset with its original design/model for an accurate and quick auditing and inspection process also contributes to the inspection management software market growth.
Market Analysis
Based on component, the market is divided into solution and services. On the basis of deployment mode, the market is classified into on-premise and cloud. By organisation size, the inspection management software market segmentation includes large enterprises and small and medium enterprises.
Based on industry vertical, the market is divided into consumer goods and retail, manufacturing, transport and logistics, energy and utilities, aerospace and defence, healthcare and life sciences, and IT and telecom, among others. The regional markets for inspection management software are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global inspection management software market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Siemens AG
- Oracle Corporation
- Hexagon AB
- Autodesk Inc.
- Intelex Technologies, ULC
- Penta Technologies, Inc.
- ProntoForms Corporation
- Aras Corporation
- Others
Market Share by Industry Vertical
The healthcare and life sciences sector occupies a significant portion of the inspection management software market share, owing to the growing utilisation of inspection management tools and software for comprehensive safety inspection of healthcare facilities. This safety inspection includes tasks such as fire safety, electrical safety, emergency evacuation, and security management, among others, to ensure that the institute is offering its patients and staff a safe environment.
Meanwhile, the IT and telecom sector is expected to witness robust growth in the forecast period, due to the usage of inspection management software for auditing activities and taking appropriate action.
Market Share by Region
As per the inspection management software market analysis, North America holds a substantial share of the global market, due to early adoption and robust deployment of cutting-edge technologies in the region. Factors such as the growth of healthcare, manufacturing, and consumer goods and retail sectors and their shift towards digitalisation also fuel the demand for inspection tools that ensure the compliance of safety standards and regulations.
Furthermore, in the region, cloud-based inspection management software is increasingly being preferred due to its increased affordability and scalability in the long run.
Competitive Landscape
Siemens AG, established in 1966, is an industrial manufacturing company, based in Munich, Germany. The company offers assessment and inspection services to ensure the optimal performance of business systems.
Oracle Corporation, founded in 1977, is a multinational technology corporation that provides software products, cloud solutions, and platform services. The company, with its headquarters in Texas, United States, offers services in the automotive, construction and engineering, and consumer goods sectors, among others.
Hexagon AB is a provider of digital reality solutions, incorporated in 1992, and headquartered in Stockholm, Sweden. Its portfolio includes asset lifecycle intelligence, geosystem, mining, and safety and infrastructure platform and products, among others.
Other market players include Autodesk Inc., Intelex Technologies, ULC, Penta Technologies, Inc., ProntoForms Corporation, and Aras Corporation, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Organisation Size |
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| Breakup by Deployment Mode |
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| Breakup by Industry Vertical |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Inspection Management Software Market Analysis
8.1 Key Industry Highlights
8.2 Global Inspection Management Software Historical Market (2018-2023)
8.3 Global Inspection Management Software Market Forecast (2024-2032)
8.4 Global Inspection Management Software Market by Component
8.4.1 Solution
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Services
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Inspection Management Software Market by Organisation Size
8.5.1 Large Enterprises
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Small and Medium Enterprises
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Inspection Management Software Market by Deployment Mode
8.6.1 On-Premise
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Cloud
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Inspection Management Software Market by Industry Vertical
8.7.1 Consumer Goods and Retail
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Manufacturing
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Transport and Logistics
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Energy and Utilities
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Aerospace and Defence
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Healthcare and Life Sciences
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 IT and Telecom
8.7.7.1 Historical Trend (2018-2023)
8.7.7.2 Forecast Trend (2024-2032)
8.7.8 Others
8.8 Global Inspection Management Software Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Inspection Management Software Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Inspection Management Software Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Inspection Management Software Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Inspection Management Software Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Inspection Management Software Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Siemens AG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Oracle Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Hexagon AB
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Autodesk Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Intelex Technologies, ULC
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Penta Technologies, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 ProntoForms Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Aras Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Inspection Management Software Market: Key Industry Highlights, 2018 and 2032
2. Global Inspection Management Software Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global Inspection Management Software Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global Inspection Management Software Historical Market: Breakup by Organisation Size (USD Billion), 2018-2023
5. Global Inspection Management Software Market Forecast: Breakup by Organisation Size (USD Billion), 2024-2032
6. Global Inspection Management Software Historical Market: Breakup by Deployment Mode (USD Billion), 2018-2023
7. Global Inspection Management Software Market Forecast: Breakup by Deployment Mode (USD Billion), 2024-2032
8. Global Inspection Management Software Historical Market: Breakup by Industry Vertical (USD Billion), 2018-2023
9. Global Inspection Management Software Market Forecast: Breakup by Industry Vertical (USD Billion), 2024-2032
10. Global Inspection Management Software Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Inspection Management Software Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Inspection Management Software Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Inspection Management Software Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Inspection Management Software Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Inspection Management Software Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Inspection Management Software Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Inspection Management Software Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Inspection Management Software Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Inspection Management Software Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Inspection Management Software Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Inspection Management Software Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Inspection Management Software Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 8.68 billion.
The market is projected to grow at a CAGR of 12.70% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 25.48 billion by 2032.
The major drivers of the market include the usage of software for inspection tasks such as scheduling and maintaining checklists, and the growing automation across industries, including manufacturing and healthcare.
The key trends of the market include growing incorporation of inspection management tools for fast performance of inspection tasks, increased utilisation of public cloud-based inspection management software in SMEs, and advent of technologies such as AR and VR into inspection management systems.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The primary components of the software system are solution and services.
The different end uses of inspection management software are consumer goods and retail, manufacturing, transport and logistics, energy and utilities, aerospace and defence, healthcare and life sciences, and IT and telecom, among others.
The key players in the market are Oracle Corporation, Siemens AG, Hexagon AB, Autodesk Inc., Intelex Technologies, ULC, Penta Technologies, Inc., ProntoForms Corporation, and Aras Corporation, among others.
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