The Global Market for Metrology Software is Projected to Reach US$522.8 Million by 2020

Rising Focus on Cost Reduction Drives the Global Metrology Software Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Metrology Software. The global market for Metrology Software is projected to reach US$522.8 million by 2020, driven by the growing focus of the manufacturing sector to streamline production processes, reduce costs and improve efficiency.

The global market for metrology software is driven by recovering GDP, rise in consumer and business confidence, rebound in manufacturing activity and restoration of health in key end-use markets. Manufacturing inventory replenishment, against a backdrop of improving consumer demand for goods and services will therefore spur demand for metrology solutions in the coming years. The manufacturing industry’s transition towards complete automation bodes well for market growth. Major benefits of metrology software driving its adoption include high design flexibility and accuracy; hardware independent features that allow the software to support multiple combinations of legacy hardware; and ability to integrate several functions within a single unit thereby minimizing space requirements and size of equipment.

Newer metrology software solutions are highly intuitive, easy-to-use, full-featured, and customizable. Technology advancements have liberated metrology operations from the lab to the production floor. Next-generation metrology software is automated and comprises menu-driven programs, which are integrated with superior user interface. Point Cloud Metrology Software, Geometric Dimensioning and Tolerancing, Laser Scanning Technology, On-Machine Metrology Software, Multisensor Metrology Software, Automated Metrology Software and Robotic Metrology have all contributed towards the growth and widespread adoption in the manufacturing sector.

As stated by the new market research report on Metrology Software, Asia Pacific represents the largest and the fastest growing market worldwide with a CAGR of 7.1% over the analysis period. Robust infrastructure development, steady economic growth, expanding automotive production, increasing automation of manufacturing units, and the mass exodus of manufacturing activity to low-cost developing countries, represent key growth drivers in the region.

Key players covered in the report include 3D Systems Corporation, Aberlink Innovative Metrology LLP, AICON 3D Systems GmbH, BuildIT Software & Solutions Ltd, Carl Zeiss Industrial Metrology, Creaform Inc., Delcam Plc, FARO Technologies Inc., GE Measurement & Control Solutions, Heidenhain Corp., Hexagon AB, Konica Minolta Sensing Americas Inc., Metrologic Group SA, Metrology Software Products Ltd, Micro-Vu Corporation, Nikon Metrology Inc., Optical Gaging Products, RAM Optical Instrumentation, Renishaw Plc, Rudolph Technologies Inc., The L.S. Starrett Company, and Verisurf Software Inc., among others.

The research report titled “Metrology Software: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the metrology software market, industry overview, trends, growth drivers and issues, and recent industry activity. The report provides market estimates and projections for metrology software in US dollars for major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea, Taiwan and Rest of Asia-Pacific), Middle East & Africa, Latin America (Brazil and Rest of Latin America).

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