Equipment Inspection Software Market Report 2026

The equipment inspection software market size has grown exponentially in recent years. It will grow from $4.71 billion in 2025 to $5.92 billion in 2026 at a compound annual growth rate (CAGR) of 25.6%. The growth in the historic period can be attributed to increasing industrial equipment utilization, rising regulatory inspection requirements, expansion of asset-intensive industries, growing focus on operational safety, adoption of digital maintenance records.

The equipment inspection software market size is expected to see exponential growth in the next few years. It will grow to $14.62 billion in 2030 at a compound annual growth rate (CAGR) of 25.4%. The growth in the forecast period can be attributed to increasing deployment of ai-based inspection analytics, rising demand for cloud-based inspection solutions, expansion of remote inspection capabilities, growing focus on sustainability compliance, increasing integration with enterprise asset management systems. Major trends in the forecast period include increasing adoption of predictive maintenance platforms, rising integration of mobile inspection applications, growing use of real-time equipment monitoring tools, expansion of automated compliance reporting systems, enhanced focus on asset lifecycle optimization.

The growing demand for digital transformation is expected to drive the growth of the equipment inspection software market in the coming years. Digital transformation involves integrating digital technologies into all aspects of an organization to fundamentally improve operations, value delivery, and adaptability to changing market conditions. This rising demand is fueled by organizations aiming to boost operational efficiency, enhance customer experiences, and rapidly respond to evolving market needs through innovative technology adoption. For example, in April 2025, the European Commission, a Belgium-based government agency, reported that 74% of all EU enterprises reached a basic level of digital intensity in 2024. Among these, 98% were large enterprises, while small and medium enterprises (SMEs) reached 73%, reflecting significant progress toward the EU’s 2030 digital goals. Therefore, the increasing emphasis on digital transformation is propelling the equipment inspection software market.

Leading companies in the equipment inspection software market are focusing on advancements in artificial intelligence (AI) and computer vision technologies, such as automated severity classification, to improve the accuracy and efficiency of detecting and prioritizing equipment issues. Automated severity classification uses algorithms to automatically evaluate and categorize the seriousness of defects based on set criteria. For instance, in May 2024, GE Vernova Inc., a US-based electrification, decarbonization, and energy solutions firm, launched Autonomous Inspection, a cloud-based computer vision software that automates industrial equipment inspection by leveraging advanced AI and machine learning. This solution enables real-time image data capture, remote monitoring, and automated analysis, helping organizations across various industries significantly enhance safety and reduce inspection times. By improving asset reliability and streamlining maintenance workflows, it plays a vital role in accelerating digital transformation in operations and maintenance.

In December 2024, Hexagon AB, a Sweden-based technology and software company, acquired 3D Systems’ Geomagic software business for $0.123 billion. This acquisition allows Hexagon to strengthen its software portfolio by incorporating advanced 3D modeling and metrology tools, providing comprehensive solutions for manufacturing quality control and digital design. 3D Systems Corporation, based in the US, specializes in advanced 3D modeling and metrology software used for precise equipment inspection and quality assurance.

Major companies operating in the equipment inspection software market are General Electric Company, International Business Machines Corporation (IBM), Honeywell International Inc., SAP SE, The Sage Group plc, PTC Inc., Eptura Inc., SafetyCulture Pty LTD, e‑Emphasys Technologies Inc., MaintainX Inc., KPA Inc., AssetWorks LLC, Limble CMMS Inc., Tenna Inc., Asset Panda Inc., Inspect Point Inc., CHAMPS Software Inc., BlueFolder Inc., Certainty Software Inc., Core Inspection Technologies Inc., Driveroo Inc., Snapfix Ltd., Visualogyx Inc.

North America was the largest region in the equipment inspection software market in 2025. The regions covered in the equipment inspection software market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the equipment inspection software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The equipment inspection software market consists of revenues earned by entities by providing services such as real-time monitoring and alerts, digital documentation and recordkeeping, automated scheduling and reminders, regulatory compliance management, and reporting and dashboard analytics. The market value includes the value of related goods sold by the service provider or included within the service offering. The equipment inspection software market also includes sales of handheld inspection devices, thermal imaging cameras, drones and unmanned aerial vehicles, ultrasonic testing equipment, and infrared sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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