24-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Statistical Process Control Software Market By Application (SMEs, and Large Enterprises), By End Users (Aerospace and Defense, Automobile, Metal Component Manufacturers, Healthcare, Packaging, Petrochemicals, Pharmaceuticals, Oil and Gas Plants, Food & Beverages, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global statistical process control software market in 2019 was approximately USD 602 Million. The market is expected to grow at a CAGR of 12.2% and is anticipated to reach around USD 1,350 Million by 2026.
Statistical process control software is widely used in various process manufacturing industries for measuring and controlling the quality of the product. It helps in reducing variability in the process. The software also helps in specifying the lower and upper control parameters that are based on the consumer need and manufacturing capability of the production plant. Six-sigma and total quality management can be easily achieved by the engineers with the help of the SPC platform.
Browse the full “Statistical Process Control Software Market By Application (SMEs, and Large Enterprises), By End Users (Aerospace and Defense, Automobile, Metal Component Manufacturers, Healthcare, Packaging, Petrochemicals, Pharmaceuticals, Oil and Gas Plants, Food & Beverages, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/statistical-process-control-software-market-by-application-smes-922
Rising demand for real-time data monitoring to reduce the error and variations in the specification is the key factor driving the statistical process control software market. However, difficult and time-taking installation is expected to hinder the market growth. Nonetheless, improved data accuracy coupled with faster implementation of software by the manufacturers for ease of maintenance is expected to flourish the demand for the SPC tool in the forecast period.
The global statistical process control market is classified on the basis of application, end-users, and regions. On the basis of application the market is categorized into SMEs, and large enterprises. Automobile, aerospace and defense, healthcare, packaging, metal component manufacturers, petrochemicals, pharmaceuticals, food and beverages, oil and gas plants, and others are the end-users for the global statistical process control market. Food and beverage are one of the significantly growing end-user owing to the rising demand for beverages in North America and the European region. Significant growth of the food & beverage industry is driving the demand for the statistical process control software for maintaining the Quality Assurance (QA) in the finished product. As per InfinityQS, food and beverage leaders prefer cloud-based SPC software to collect real-time SPC data from various plant locations.
By geography, the global statistical process control software market was studied in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa regions. North America and Europe held significant revenue share in the year 2018. USA and Germany are the manufacturing hubs therefore demand for the statistical process control software are growing exponentially in these regions. For instance, construction, mining, food and beverage, automobile, and defense & aviation are some of the industrial sectors in North America and Europe that are seeing double-digit demand growth. In Addition, Asia Pacific is dominating the global SPC software market owing to the large dependence of regional GDP on the manufacturing and trade. Latin America and the Middle East are the most opportunistic markets due to on-going rapid advancements in the electronic, automotive, and industrial sectors.
Significant players for the statistical process control software market are DataNet Quality Systems, PQ Systems, Mettler-Toledo International Inc., Zontec Inc., DataLyzer International, BPI Consulting LLC, Epicor Software Corporation, Profitkey, Infinity QS, QT9 Software, Omnex, Minitab, KnowWare, Isolocity, Analyse-it Software, and Hertzler Systems Inc. among others.
This report segments the statistical process control software market as follows:
Global Statistical Process Control Software Market: By Application Segmentation Analysis (Customizable)
Global Statistical Process Control Software Market: By End-Use Segmentation Analysis (Customizable)
- Aerospace and Defence
- Metal Component Manufacturers
- Oil and Gas Plants
- Food & Beverages
Global Statistical Process Control Software Market: Regional Segmentation Analysis (Customizable)
- North America
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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