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Chemical Software Market to Grow by USD 561 Million (2025-2029), Driven by Big Data Analytics Needs and AI Redefining the Market Landscape – Technavio

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NEW YORK, Jan. 8, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global chemical software market size is estimated to grow by USD 561 million from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 11.4% during the forecast period. Chemical companies need to perform big data analytics is driving market growth, with a trend towards increased adoption of industry 4.0 across chemical industry. However, stringent norms associated with use of chemicals poses a challenge. Key market players include Alterity Inc., ANSYS Inc., Antipodes Scientific Ltd., Aspen Technology Inc., BatchMaster Software Inc., ChemAxon Ltd., Chemstations Inc., COMSOL AB, Cority Software Inc., Dassault Systemes SE, Datacor Inc., Dataworks Development Inc., Deacom Inc., Frontline Data Solutions, HCL Technologies Ltd., Industrial Scientific Corp., Oracle Corp, SAP SE, Schneider Electric SE, and SFS Chemical Safety Inc..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Chemical Software Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 11.4%

Market growth 2025-2029

USD 561 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

9.3

Regional analysis

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

Performing market contribution

Europe at 33%

Key countries

US, Germany, UK, China, Canada, France, Japan, Italy, India, and South Korea

Key companies profiled

Alterity Inc., ANSYS Inc., Antipodes Scientific Ltd., Aspen Technology Inc., BatchMaster Software Inc., ChemAxon Ltd., Chemstations Inc., COMSOL AB, Cority Software Inc., Dassault Systemes SE, Datacor Inc., Dataworks Development Inc., Deacom Inc., Frontline Data Solutions, HCL Technologies Ltd., Industrial Scientific Corp., Oracle Corp, SAP SE, Schneider Electric SE, and SFS Chemical Safety Inc.

Market Driver

The chemical software market is experiencing significant growth due to the increasing adoption of Industry 4.0 in the chemical industry. This technological integration enables higher efficiency, predictive maintenance, and improved safety, leading manufacturers to minimize downtime and ensure operational excellence. BASF, a leading chemical company, is utilizing Industry 4.0 applications and chemical software for predictive asset management, process management, and virtual plant commissioning. The implementation of chemical software supports industry-specific production processes, including batch management, hazardous materials management, and supply chain optimization. 

The chemical industry relies heavily on advanced software solutions to streamline operations and improve productivity. The market for chemical software is thriving, with solutions in demand for areas such as process control, inventory management, and regulatory compliance. These software tools help companies manage complex chemical processes, optimize production, and ensure safety and quality. Additionally, cloud-based solutions are gaining popularity due to their flexibility and accessibility. The market is expected to grow further as companies continue to seek ways to increase efficiency and reduce costs. Key features of chemical software include real-time data analysis, automation, and integration with other systems. 

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 Market Challenges

The global chemical industry is facing challenges due to increasing regulations on harmful chemical emissions. The US EPA, REACH, OSHA, and other organizations have implemented strict norms for water, air quality, and waste disposal. Violations of these regulations have led to closures of companies such as Oil India Limited, Survival Technologies Pvt. Ltd., and Sterigenics. The US EPA’s restrictions on Volatile Organic Compounds (VOCs) and heavy metals have reduced the use of chemicals in various applications, negatively impacting the chemical industry’s growth. This, in turn, will decrease the demand for chemical software.The chemical industry relies heavily on software solutions to manage complex processes and ensure regulatory compliance. However, the chemical software market faces several challenges. One major challenge is the integration of various software systems, such as manufacturing execution systems, enterprise resource planning systems, and laboratory information management systems. Another challenge is the need for real-time data access and analysis to optimize operations and improve efficiency. Additionally, regulatory requirements continue to evolve, making it essential for software solutions to keep up with changing regulations. Furthermore, the increasing use of automation and digitalization in the industry necessitates software solutions that can support these trends. Overall, the chemical software market must address these challenges to provide value to its customers.

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Segment Overview

This chemical software market report extensively covers market segmentation by

Deployment 1.1 On-premises1.2 Cloud-basedProduct 2.1 Chemical process simulation2.2 Inventory management2.3 ISO management2.4 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 On-premises- The chemical software market is driven by organizations with complex workflows and specific requirements, particularly those dealing with sensitive or proprietary data. On-premises solutions, which offer greater control over data access and storage, continue to be popular in industries with strict regulatory requirements, such as pharmaceuticals and chemicals. These solutions enable more direct control over compliance and data management, contributing to market growth during the forecast period.

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Research Analysis

The Chemical Software Market is experiencing significant digital modernization, with an increasing emphasis on smart manufacturing and innovative solutions. Advanced technologies, such as Molecular modeling and Molecular dynamics, are key market stimulants, driving competition among industry professionals. Chemical enterprises are investing heavily in ISO management systems, inventory management, and Chemical Safety software to meet regulatory factors and legal requirements. Automation of operational processes and operational efficiency are crucial for staying within legal boundaries and maintaining competitive scenarios. Promotional activities and investment in advanced technologies continue to shape the competitive landscape of the Chemical Software Market. Regulatory and legal factors, including environmental regulations and legal requirements, are shaping the development of new software solutions.

Market Research Overview

The Chemical Software Market encompasses a variety of solutions designed to streamline and optimize chemical industry operations. These solutions include inventory management, supply chain management, quality control, regulatory compliance, and manufacturing execution systems. The market is driven by the increasing demand for automation and digitalization in the chemical industry, as well as the need to improve operational efficiency and reduce costs. The market is also influenced by regulatory requirements and technological advancements, such as the adoption of cloud-based and artificial intelligence solutions. The global chemical software market is expected to grow significantly in the coming years, with key trends including the integration of IoT and real-time data analytics.

Table of Contents:

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

DeploymentOn-premisesCloud-basedProductChemical Process SimulationInventory ManagementISO ManagementOthersGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

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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Technology

Aleut Achieves Prestigious CMMI Level 3 Certification in Four Key Domains

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January 9, 2025

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RESTON, Va., Jan. 9, 2025 /PRNewswire/ — Aleut Federal LLC (Aleut) proudly announces it has earned Capability Maturity Model Integration (CMMI) Level 3 certification in four key domains: Development (CMMI-DEV), Services (CMMI-SVS), Security (CMMI-SEC), and People Management (CMMI-PPL). This significant achievement highlights Aleut’s commitment to operational excellence and its ability to deliver high-quality, efficient and secure solutions. It demonstrates Aleut’s strength in optimizing product development, improving service delivery, enhancing security, and aligning workforce management to drive performance and engagement. 

CMMI, developed by the globally recognized CMMI Institute, is a framework for assessing and improving organizational performance. Achieving Level 3 certification affirms that Aleut’s processes are clearly defined, consistently applied, and supported by robust standards, tools, and methodologies. This milestone underscores the company’s ongoing dedication to operational excellence, mitigating risk, and delivering measurable performance success.

“This certification shows our customers that Aleut doesn’t just meet their mission-critical needs – we excel at it,” said Nick Trzcinski, President of Aleut Federal. “We are committed to continuous improvement, innovation, and delivering exceptional value. Aleut is a partner our customers can trust.”

Aleut’s CMMI Level 3 certification enhances its ability to deliver high-quality outcomes across all projects while optimizing efficiency and minimizing risks. Complemented by the company’s ISO 9001 certification for quality management, these achievements reinforcing Aleut’s adherence to internationally recognized standards, solidifying its position as a reliable and innovative partner for federal clients.

To read Aleut Federal’s CMMI Appraisal, click here.

ABOUT ALEUT FEDERAL
Aleut Federal LLC, a holding company within The Aleut Corporation’s federal services portfolio, is an Alaska Native-owned enterprise delivering vital services to the U.S. government across four primary sectors: Technology, Mission Support, Environmental, and Construction. Established under the Alaska Native Claims Settlement Act (ANCSA) of 1971, The Aleut Corporation is one of 12 regional Alaska Native corporations. Aleut Federal’s subsidiaries, including Small Business Administration (SBA) certified 8(a) program participants and Small Disadvantaged Business (SDB) entities, bring specialized capabilities to meet the diverse needs of federal agencies.

By achieving CMMI Level 3 certification, Aleut Federal strengthens its standing as an industry leader, driving performance excellence while delivering mission-focused solutions with unmatched quality and efficiency.

Contact:
Berlyn Martin
Aleut Federal, LLC
Phone: 276-244-3319

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SOURCE Aleut Federal, LLC

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Lowell Observatory Scientists to Present New Research at American Astronomical Society Winter Meeting- Including New and Unexpected Insights on Planet Formation

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January 9, 2025

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Lowell Observatory researchers will join more than 3,000 astronomers at AAS245 in Maryland from January 12-16, 2025

FLAGSTAFF, Ariz., Jan. 9, 2025 /PRNewswire/ — The American Astronomical Society’s winter meeting is the largest annual gathering of astronomers in the United States, and Lowell Observatory will be well-represented this year. Executive Director Dr. Amanda Bosh and Director of Science Dr. Gerard van Belle—both of whom just stepped into their positions—lead a contingency of more than a dozen scientists and support staff attending the meeting.

Lowell Observatory will be in attendance at Exhibitor Booth 521, with its astronomers, postdocs, predocs, and other researchers available to discuss their latest science research. Of particular note, Postdoctoral Fellow Taylor Kutra will share unexpected new ways planets may form, based on a study of a binary star system in Taurus that she leads. Kutra will present her findings during both a Tuesday (January 14) science session and Thursday (January 16) press conference.

Other Lowell Observatory scientists will present on topics including comets, asteroids, the Sun and Sun-like stars, exoplanets, a variety of star types, dwarf irregular galaxies, and space-based interferometry.

Bosh says, “The winter meeting of the AAS is a critical opportunity for astronomers at all stages of their careers to share their latest research and interact with colleagues from around the world. Lowell Observatory is pleased to send a strong contingency of our science team to actively participate in this year’s meeting in National Harbor.”

Media are welcome to attend AAS245 in person. A limited virtual attendance option is also available, with live access to press conferences, plenary talks, select town halls, and a virtual oral session. See https://aas.org/meetings/aas245/press.

AAS245 website: https://aas.org/meetings/aas245

AAS245 Presentations by Lowell Observatory Scientists: Full Schedule Here

About Lowell Observatory
Founded in 1894, Lowell Observatory in Flagstaff, Arizona, is a renowned nonprofit research institution. It is the site of historic and groundbreaking discoveries, including the first evidence of the expanding universe and the discovery of Pluto. Today, Lowell’s astronomers utilize global ground-based and space telescopes, along with NASA spacecraft, for diverse astronomical and planetary science research. The observatory hosts over 100,000 annual visitors for educational tours, presentations, and telescope viewing through a suite of world-class public telescopes.

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SOURCE Lowell Observatory

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CRTC consults on market dynamics within Canada’s broadcasting system

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January 9, 2025

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OTTAWA, ON and GATINEAU, QC, Jan. 9, 2025 /CNW/ – Today, the CRTC is taking another step forward to implement the modernized Broadcasting Act (the Act) by launching a public consultation on market dynamics within Canada’s broadcasting system.

Through this consultation, the CRTC will explore the dynamics between small, medium and large broadcasters, television service providers and online streaming services. The goal is to help ensure that Canada’s broadcasting system is sustainable, fair and competitive.

The CRTC is welcoming comments until February 24, 2025. Interested persons can participate by:

filling out the online form;writing to the Secretary General, CRTC, Ottawa, Ontario K1A 0N2;sending a fax to 819-994-0218.

As part of this consultation, the CRTC will hold a public hearing starting on May 12, 2025.

All comments will form part of the public record and will inform the CRTC’s decision.

The launch of today’s consultation follows a number of recent actions the CRTC has taken to implement the modernized Act. To find out more, check out the CRTC’s regulatory plan.

Quick facts

The CRTC is an independent quasi-judicial tribunal that regulates the Canadian communications sector in the public interest. The CRTC holds public consultations on telecommunications and broadcasting matters and makes decisions based on the public record.First Nations, Inuit, and Métis peoples and Indigenous organizations requiring assistance submitting comments, including oral interventions, can contact the CRTC’s Indigenous Relations Team.

Associated links

Participate in the consultationRegulatory PlanModernizing Canada’s broadcasting framework

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SOURCE Canadian Radio-television and Telecommunications Commission

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