LeapZipBlog: Steve Blade's blog: Inspection Management Software Market Growth Rate and Revenue Forecast 2018-2028

Inspection Management Software Market Growth Rate and Revenue Forecast 2018-2028

August 30, 2019 by Steve Blade  

According to the new study by Fact.MR, the inspection management software market is estimated to surpass revenues worth US$ 800 Mn in 2019, from US$ 741.4 Mn in 2018. Increasing requirement for seamless inspection management across enterprises is providing a fillip to the deployment of inspection management software in 2019 and beyond.

“Enterprises are turning to inspection management software for seamless process handling amid the operational complexities involved. Integration management software also helps with requirements coming up during an on-going inspection, such as document management for modifications, recall of assets, and details of previous inspection. Effective control of inspection work continues to be imperative for process integrity and reliability, thereby fuelling investments in the inspection management software market.” says Fact.MR report.

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According to the research study, leading vendors are vying to boost the compatibility of their software with modern browsers for end users to stay in control with complete visibility, irrespective of time and place. End-user preference for software that is ‘easy-to-use’ remains at the top, which is encouraging vendors to create simple and comprehensible interfaces. In addition, key vendors in inspection management software market are working on developing software with custom features at reasonable prices, which further helps in achieving profit maximization.

The Fact.MR research study offers a closed view of multiple opportunities in the inspection management software market from 2018 to 2028. As per the report, the inspection management software market is likely to grow at a CAGR of over 13% during the forecast period.

Chapter Wise Analysis

Chapter 1- Executive Summary
This chapter gives a quick snapshot of the global inspection management software market outlook followed by an in-depth opportunity assessment. In addition, this chapter also offers a detailed view of the analysis and recommendations of experts for the readers to have a better understanding.

Chapter 2- Market Overview
This chapter offers details of the market coverage or taxonomy, wherein the market segmentation is presented in a comprehensible way. This chapter also talks about the market definition, scope, and limitations, which further draws a crystal clear picture of the growth potential of inspection  management software.

Chapter 3- Key Market Trends
This chapter in the inspection management software market covers all the major innovations and developments shaping the growth of inspection management software market. This chapter talks about all the overarching trends shaping the growth of inspection management software market.

Chapter 4- Market Background
This chapter gives an overview of the parent market and all the key pointers shaping growth of the inspection management software market. This chapter also includes details on the market dynamics, wherein trends, challenges, opportunities, and drivers have been discussed. In addition, this section also shares a quick overview of the macro-economic factors influencing the market growth.

Inspection Management Software Market - Competitive Landscape

  • In 2019, Railroad Software- a leading provider of industry defining software with personalized service from rail experts- announced the launch of its exclusive bridge inspection software with TrackAsset application. This software is aimed at facilitating electronic capture of bridge inspections for the ‘federal railroad administration’ (FRA) compliance. This software enables seamless tracking and visibility for all the chief engineers and bridge managers to track upcoming inspections and generate work orders.
  • In 2019, AsInt Inc. – a leading software vendor- entered into a strategic partnership with Trinity Bridge, a leading consulting company with expertise in asset reliability and integrity. This partnership was aimed at providing high-quality risk assessment and inspection planning solutions to their customer bases and to foster growth via combined expertise.

Konverge Digital Solution Corporation

With official headquarters at Toronto, Ontario, Konverge Digital Solutions Corporation is one of the leading software development companies working with multiple enterprises, medium and large, across Canada and several other regions. Some of the consulting practices of Konverge Digital Solutions include custom software development, mobile & web, business intelligence, and SharePoint.

Penta Technologies, Inc.

Founded in 1968, Penta Technologies, Inc. offers industry-best services for project management and field service for multiple end use industries. The company believes in going beyond the traditional construction ERP software and incorporates advanced practices and approach to serve a large base of customers.

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 About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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