|
|
 |
|
Viewing report
|
|
|
|
World Metrology Software Market
Frost & Sullivan, June 2011, Pages: 73
This research service provides a detailed assessment of the world metrology software market. It includes market forecasts, competitive structure and market-share analysis, as well as geographic analysis. Market drivers and restraints are identified, and impact evaluations are made for each trend. End-user segments are analyzed. The market is expected to show consistent growth throughout the forecast period, with a key focus on the Asia Pacific metrology software market.
Research Overview
This Frost & Sullivan research service titled 'World Metrology Software Market' provides analysis of end-user segments and market share analysis of participants across the regions of North America, Europe, Asia Pacific, and Rest-of-World. In this research, Frost & Sullivan's expert analysts thoroughly examine the following end-user markets: automotive, aerospace and defence, machine shops, and others. This comprehensive, objective information allows your company to mitigate risk, identify new opportunities, and drive effective strategies for growth. For more information on this custom subscription service, please click here.
Market Overview
Constantly Evolving Technologies Necessitate Advanced and Easy-to-Use Metrology Software
Stronger Product Portfolio to Help the $254.0 million Market to Reach $331.9 million in 2014
Consumers of metrology software have upped the demand for higher product quality in order to streamline their production processes and thereby, reduce costs, maintain efficiency and ensure profitability. To achieve these goals, consumers have increased investments in the automation of production processes, where software also plays a key role. Metrology software developers are looking to cash in on this demand by producing flexible, reliable and accurate solutions. “The majority of software vendors had spent substantial amounts of money on R&D and marketing to raise awareness among end users about the benefits of software enhancements,” says the analyst of this research. “Eventually, end users are more knowledgeable about the cost-saving potential of software, and this is opening up new market opportunities for suppliers.”
Market participants are striving to keep pace with the evolution of end-user technologies by focusing on ease-of-use and advanced technological feature sets that can accommodate future demand. The need to stand out in the market has forced manufacturers to provide services and solutions that can restore customer confidence and renew demand. A service portfolio is one of the top criteria for choosing a metrology software vendor. “Without an extended service portfolio and qualified engineers, suppliers have limited scope of becoming leaders in the metrology software market,” notes the analyst. “Most key market participants have well trained and experienced in-house staff that can offer complete and customized service support to their customers.” Tier II and Tier III participants consisting of local and niche manufacturers should also attempt to offer these services to stay afloat in the market.
Although the market is progressing steadily, manufacturers are still trying to shake off the effects of the global economic downturn. Some of the fallouts of the downturn were pricing pressure on vendors and the dip in demand for new applications. The competitive landscape and the market maturity further compelled software vendors to place emphasis on maintenance contracts from the major customers. The situation will ease gradually, once customers start unfreezing their investment plans. The percentage of licenses is expected to increase as the pent-up demand is released and end users’ business plans are solidified.
Product samples
A sample for this product is available. Please Login/Register to download this sample.
|
|
|
|
