Inspection Management Software Market Size Worth $18.86 Billion By 2030 | CAGR: 11.6%

The global inspection management software market size is expected to reach USD 18.86 billion by 2030, according to a new study by Polaris Market Research. The report “Inspection Management Software Market Share, Size, Trends, Industry Analysis Report, By End-Use (Healthcare, Pharmaceutical, Automation, Energy & Utility, Manufacturing, Retail, Information & Technology, Others); By Organization Size; By Application; By Deployment; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Mobile phone applications are being launched by companies, focusing on delivering installed base software for laptops, personal computers, and tablets. Over the projected period, this tendency is expected to boost the industry significantly. Consumers of this software can monitor data from a distant location and analyze results more effectively using mobile phone applications for Android and iOS.

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Further, the rising android users in the world are majorly adopting this software, bolstering the market growth. With over 2.5 billion active users in 190 countries, Android is the most popular operating system globally. Also, in May 2021, DNV's new Mobile Inspection App assists supervision in digitizing and streamlining their onboard safety inspection workflow, recording, and follow-up.

The software also gives onshore employees immediate access to the results. Ship managers may more easily track their industry's safety performance and find improvement opportunities using the Mobile App with ShipManager Analyzer due to state-of-the-art dashboards. Thus, these mobile applications' adoption by smartphone users is driving the industry to grow further.

The adoption of the industry is being driven by an increase in the demand for inspection duties like scheduling, preparing forms and checklists, documenting results, and tracking actions within an organization. The conventional "pen & paper" inspection management process is progressively being replaced by such applications as a result of the increasing demand from businesses for assessment. The extra features helpful for producing forms, checking checklists, and recording data are crucial tasks carried out within an organization. As a result, using these applications is necessary to keep track of all these actions.

Inspection Management Software Market Report Highlights

• On-Premise segment is anticipated to grow at a significant CAGR over the forecast period owing to its features such as high speed, scalability, flexibility, and security, but remote access to stored data is not one of them.
• Large enterprises accounted for a significant of the global revenue share. Change advisory management, investigation, CAPA, market compliance, audit and risk management, and training management are all included in large enterprises. This segment will therefore expand at a faster rate during the predicted period.
• Asia-Pacific is expected to grow at a lucrative CAGR over the projected period driven by the increasing automation of company operations, which places a strong demand on the market.
• The global market is highly competitive owing to the existence of large market players with a global presence including Quality Services, Inc., Oracle Corporation, Arena Solutions Inc., Ideagen Plc, MetricStream Inc., MasterControl, Inc., Dassault Systemes SE, and Autodesk Inc.

Polaris Market Research has segmented the Inspection Management Software market report based on deployment, organization size, application, end-use, and region:

Inspection Management Software, Deployment Outlook (Revenue - USD Billion, 2018 - 2030)

• Cloud / Web-Based
• On-premise

Inspection Management Software, Organization Size Outlook (Revenue - USD Billion, 2018 - 2030)

• Large Enterprise
• SMEs

Inspection Management Software, Application Outlook (Revenue - USD Billion, 2018 - 2030)

• Instrumentation
• Tanks
• Piping
• Vessels
• Others

Inspection Management Software, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)

• Healthcare
• Pharmaceutical
• Automation
• Energy and Utility
• Manufacturing
• Retail
• Information and Technology
• Others

Inspection Management Software, Regional Outlook (Revenue - USD Billion, 2018 - 2030)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa