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Calibration Management Software Market size is set to grow by USD 73.7 million from 2024-2028, Automation of calibration process boost the market, Technavio

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NEW YORK, July 4, 2024 /PRNewswire/ — The global calibration management software market size is estimated to grow by USD 73.7 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 3.73%  during the forecast period. automation of calibration process is driving market growth, with a trend towards increased focus on predictive maintenance and analytics. However, threat of cyber-attacks  poses a challenge. Key market players include ACG Infotech Ltd., Ape Software Inc., AVL List GmbH, Business Analysis Ltd., CompuCal Calibration Solutions, CyberMetrics Corp., Espresso Moon LLC, Fortive Corp., Hexagon AB, Humpage Technology Ltd., IndySoft Corp., Nagman Instruments and Electronics Pvt. Ltd., P.J. Bonner and Co. Ltd., Prime Technologies Inc., Productivity Quality Systems Inc., Quality America Inc., Qualityze Inc., QUBYX Software Technologies LTD., Sarlin Oy Ab, and Techgate LLC.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Calibration Management Software Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 3.73%

Market growth 2024-2028

USD 73.7 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.59

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 34%

Key countries

US, China, Germany, UK, and Canada

Key companies profiled

ACG Infotech Ltd., Ape Software Inc., AVL List GmbH, Business Analysis Ltd., CompuCal Calibration Solutions, CyberMetrics Corp., Espresso Moon LLC, Fortive Corp., Hexagon AB, Humpage Technology Ltd., IndySoft Corp., Nagman Instruments and Electronics Pvt. Ltd., P.J. Bonner and Co. Ltd., Prime Technologies Inc., Productivity Quality Systems Inc., Quality America Inc., Qualityze Inc., QUBYX Software Technologies LTD., Sarlin Oy Ab, and Techgate LLC

Market Driver

Calibration management software with predictive analytics enables organizations to optimize their calibration activities, identifying potential equipment issues before they cause unplanned downtime. By analyzing historical data and equipment performance trends, calibration schedules can be adjusted based on actual usage and condition, maximizing performance and minimizing costs. This integration streamlines calibration processes, improving efficiency and productivity, and driving market growth during the forecast period. 

The Calibration Management Software market is experiencing significant growth, with an increasing number of businesses recognizing the importance of accurate and efficient calibration processes. Utilities, manufacturing, and other sectors are adopting calibration software to manage their calibration activities. The market is trending towards solutions that offer real-time monitoring, automated scheduling, and comprehensive reporting. Calibration software enables companies to streamline their calibration processes, reduce downtime, and ensure regulatory compliance. Additionally, cloud-based solutions are gaining popularity due to their flexibility and accessibility. Overall, calibration management software is a valuable investment for businesses seeking to optimize their operations and maintain high-quality standards. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

•         The calibration management software market is experiencing a shift towards automated smart manufacturing technologies. While this brings operational efficiencies, it also introduces cybersecurity risks. Data vulnerability increases as software and connected technologies are housed on software providers’ servers. Unauthorized access can lead to data theft and manipulation. Primary threats include operational downtime, product development manipulation, and sensitive information theft. Ransomware attacks are common, targeting industries like medical devices, consumer durables, and automotive. Security upgrades and IoT integration increase operational expenses. North America and Europe are major vulnerable regions. IoT use in calibration software management may hinder market growth due to heightened security concerns.

•         The Calibration Management Software market faces several challenges in ensuring accurate and efficient operations. One challenge is the integration of various calibration systems and technologies, such as IoT, analytics, and automation. Another challenge is ensuring data accuracy and security, as well as complying with industry regulations and standards. Additionally, managing a large number of calibration tasks and assets can be complex, requiring robust and scalable software solutions. Furthermore, the need for real-time monitoring and reporting adds to the complexity of calibration management. Lastly, the cost of implementing and maintaining these software solutions can be a significant challenge for organizations.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This calibration management software market report extensively covers market segmentation by  

Technology 1.1 Locally installed1.2 Cloud-basedApplication 2.1 Large enterprise2.2 Small and medium enterpriseGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Locally installed-  The locally installed calibration management software market is thriving due to enhanced security features. With on-premise systems and servers, data access is restricted to license holders, eliminating potential security risks. Offline accessibility allows users to access data regardless of internet connection. Although requiring additional IT support and hardware components, the cost efficiency attracts Small and Medium Enterprises (SMEs), driving market growth.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Calibration Management Software market caters to various industries, including the Biotechnology and Energy sectors, as well as Utilities and Renewable Energy. This software facilitates the procurement of calibration instruments such as Analog multimeters, Calipers, Chart recorders, Clamp-on ammeters, Data loggers, Dial indicators, Digital multimeters, Force gauges, Micrometers, Oscilloscopes, and other measuring devices. It ensures Instrument management by providing accurate and reliable calibration services, minimizing Inaccuracy and uncertainty, and maintaining Normal values. Engineers in these sectors rely on this software to obtain the True value of their measurements, enhancing overall operational efficiency and productivity.

Market Research Overview

The Calibration Management Software market encompasses solutions designed to streamline and optimize the calibration process across various industries. These solutions enable organizations to manage and track calibration activities, schedule preventive maintenance, and ensure regulatory compliance. The software often includes features such as real-time monitoring, automated alerts, and reporting capabilities. Calibration management systems are essential for maintaining the accuracy and reliability of equipment and instruments, thereby improving overall operational efficiency and productivity. Additionally, cloud-based solutions offer remote access and real-time data sharing, enhancing collaboration and streamlining workflows.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyLocally InstalledCloud-basedApplicationLarge EnterpriseSmall And Medium EnterpriseGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Huawei Launches Over 20 All-New Xinghe Intelligent Network Offerings to Amplify Industrial Intelligence

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SHANGHAI, Sept. 21, 2024 /CNW/ — During HUAWEI CONNECT 2024, Leon Wang, President of Huawei’s Data Communication Product Line, announced more than 20 all-new Xinghe Intelligent Network offerings globally at the summit themed “Xinghe Intelligent Network, Amplify Industrial Intelligence”. These purpose-built offerings contribute to an AI network ecosystem and help customers seize opportunities for intelligent development and maximize intelligent productivity.

With the development of AI technologies, the world is advancing from digital transformation to intelligent transformation. All industries are quickly adopting AI technologies to create new use cases, for example, self-driving cars, intelligent diagnosis and treatment, and intelligent train inspection. All of these are significantly improving the efficiency and experience of our work and daily lives.

The advent of the intelligent era is driving networks into intelligent ones. Huawei has been making joint efforts with partners to lead research and practices of intelligent networks. That’s why Huawei constantly upgrades its Xinghe Intelligent Network offerings to help customers grasp opportunities for intelligent development, build new intelligent network infrastructure, and maximize intelligent productivity in the intelligent era. Key highlights include the following:

Xinghe Intelligent Campus focuses on AI-enabled, experience-centric campus network construction, ensuring zero freezing for audio and video applications, zero degradation on services, and zero waiting for interactions.Xinghe Intelligent WAN introduces a wide range of intelligent technologies to intelligently schedule millions of flows and precisely optimize service experience.Xinghe Intelligent Fabric adopts the AI Turbo engine to improve network throughput, enhancing foundation model training efficiency.Xinghe Intelligent Network Security integrates AI technologies into network security detection, accurately and rapidly identifying threats.

To support network solutions in various scenarios, Huawei released more than 20 featured offerings globally. Examples include the industry’s first 100 Tbps fixed-form Ethernet data center switch, the industry’s first 51.2 Tbps liquid-cooled fixed-form data center switch, the industry’s first AI router, high-quality 10 Gbps campus switches and Wi-Fi 7 APs, Intelligent SASE Branch Security Solution, and the industry’s first IP Autonomous Driving Network Solution. All these offerings are designed to help customers with greater business returns.

As the intelligent era calls for intelligent networks, Huawei will continue to drive the development of intelligent networks and upgrade its Xinghe Intelligent Network products and solutions, ultimately helping global customers to stride towards the intelligent era and reap more benefits.

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SOURCE Huawei

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HUAWEI CONNECT 2024 | Huawei Unveils the Brand-New Xinghe Intelligent Fabric Solution, Powering the AI Era

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SHANGHAI, Sept. 21, 2024 /PRNewswire/ — At HUAWEI CONNECT 2024, over 300 industry leaders, experts, and scholars gathered for the data center network session themed “Xinghe Intelligent Fabric, Powering the AI Era.” The event featured discussions on the evolution and technological advancements of data center networks. During the session, Arthur Wang, President of Data Center Network Domain at Huawei’s Data Communication Product Line, introduced the newly upgraded Xinghe Intelligent Fabric solution. This cutting-edge solution aims to establish a data center network characterized by one map for intelligent operations and maintenance (O&M), one network for diverse computing, and one platform for simplified deployment, providing a robust network infrastructure to support enterprises’ digital and intelligent transformations.

In his keynote speech, Arthur Wang outlined the emerging trends in data center network development. He emphasized that in the AI era, data center networks require both a “brilliant brain” and “resilient bones.” The newly launched Xinghe Intelligent Fabric solution is designed to deliver a powerful network infrastructure tailored for the AI era, featuring:

One Map for Intelligent O&M: Zero Management Concerns

Huawei’s exclusive network digital map enables rapid cross-data center and cross-vendor fault identification within minutes. Additionally, the NetMaster network large model facilitates AI-driven O&M, eliminating manual intervention and ensuring zero management concerns.

One Network for Diverse Computing: Zero Service Interruptions

The Xinghe Intelligent Fabric supports various application scenarios, including intelligent computing, general-purpose computing, and storage. The innovative Network Scale Load Balancing (NSLB) algorithm increases network throughput to 95% and boosts AI training efficiency by over 10%. With the exclusive iReliable three-level fast switchover capability, it achieves sub-millisecond switchover, guaranteeing zero service interruptions.

One Platform for Simplified Deployment: Zero Configuration Errors

By employing digital twins to simulate networks in advance and verify configurations post-deployment, the solution ensures 100% accuracy in network changes. By harnessing network-security convergence capabilities, AI creates an intelligent security matrix to analyze millions of security policies, achieving zero configuration errors.

Looking ahead, Huawei will continue to collaborate with industry partners to enhance research and innovation in data center networks, promote intelligent upgrades, and create greater value for the industry.

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SOURCE Huawei

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Cultivating a Culture of Peace: International Day of Peace Statement by Education Cannot Wait Executive Director Yasmine Sherif

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NEW YORK, Sept. 21, 2024 /CNW/ — The longing for peace transcends time, geography and religion. Based on justice, human rights and universal values outlined in the UN Charter, a culture of peace brings us all together in our common agenda for humanity. We can only co-exist by aligning ourselves with such a world order.

On today’s International Day of Peace, we call on world leaders to end conflict and embrace a culture of peace as enshrined in the UN Charter and related international law.

As the UN General Assembly outlined in the Declaration and Programme of Action on a Culture of Peace  a quarter of a century ago, this must include: “Respect for life, human rights and fundamental freedoms; the promotion of non-violence through education, dialogue and cooperation; commitment to peaceful settlement of conflicts; and adherence to freedom, justice, democracy, tolerance, solidarity, cooperation, pluralism, cultural diversity, dialogue and understanding at all levels of society and among nations.”

Educating for peace starts at home and continues in school through years of education. This takes place during the most formative years of a child learning about their identity, ethics, values, conscience, courage and compassion. Wherever there has been a failure in imparting on children the imperative for peace, the world is turned upside down. This is a global failure with no geographical boundaries.

Today, we live in a world of unprecedented violence, armed conflict and chaos. All the genuine and heartfelt commitments made in 1945 in the UN Charter seem to be fading away. Children and adolescents are the most vulnerable, the least protected, and the most impacted. They bear the brunt. 

Global conflicts killed three times as many children in 2023 than in the previous year, according to the United Nations. The number of forcibly displaced people reached an unprecedented 120 million in May 2024.

“In 2023, the United Nations verified a record 32,990 grave violations against 22,557 children in 26 conflict zones, a 35% increase from the previous year,” according to recent analysis by the UN.

We can end these violations and invest in a constructive co-existence globally. We can use our resources for education, rather than for wars. In classrooms around the world, girls and boys who have withstood the wrath of war can rebuild their hopes and their lives. Cultivating a culture of peace is possible. The financial resources exist. The choice as to how we use them is ours.

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SOURCE Education Cannot Wait

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