Statistical Process Control Software Market - Trends and Growth Propellers, Segmentation And Key Companies

A manufacturing process contains several steps, ranging from raw material processing to the delivery of finished products. Maintaining quality through the manufacturing holds utmost importance, and is a critical parameter based on the goodwill of any manufacturing company is measured. Monitoring a manufacturing process through its various stages is thus considered highly important for delivering superior quality products. Operating with a less potential industrial component can compromise with the quality of the final product. Static process control software helps improving the real-time manufacturing processes thus ensuring the delivery of quality products.

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The software helps the manufacturing unit reduce variability in their process. It can be used to set specified upper or lower control parameter thus enabling the manufacturing units to optimize machine output. Furthermore, information provided by software can be used to plan and schedule the maintenance cycle, thereby helping in reducing the chances of downtime or machine failure.

The report by Transparency Market Research (TMR) provides a comprehensive overview of the global statistical process control software market. It covers various information such as product definition, segmentation based on various parameters, supply chain analysis, manufacturing cost structure, and a detailed assessment of the prevailing vendor landscape. Compiled with the intent of helping stakeholders understand the global statistical process control software market better, the report also studies the impact of Porter’s five forces on the market. Using this, the report presents in-depth insights into the bargaining power of suppliers and buyers, threat from new entrants and substitutes, and the degree of competition prevailing in the market.

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Despite witnessing positive growth, the requirement of high initial cost and the time taken for implementing the system is limiting the uptake of statistical process control software. This is truer in case of manufacturing units in emerging and underdeveloped nations, which find it even difficult to cope with the increasing prices of technologies. As per TMR, many production managers and supervisors are also reluctant in implementing statistical process control software as it could increase the work load on companies.

Furthermore, the software faces challenge from manufacturing execution system providers and enterprise quality management software. Nevertheless, the demand for statistical process control software is expected to increase as the providers have started offering customized solutions to cater to individual requirements. It is due to the same reason that experts are predicting widespread adoption of the software across industrial sectors in the coming years. The increasing demand from aerospace and defense, automobile, metal component manufacturers, healthcare, packaging, petrochemicals, pharmaceuticals, oil and gas plants, and food and beverages industries is expected to boost the market over the course of the forecast period.

Regionally, the global statistical process control software market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and the Middle East and Africa. The report forecasts considerable increase in the uptake of statistical process control software in the manufacturing industry as companies focus on maximization by curbing the unnecessary production cost.

Currently, the U.S., Germany, and Japan are considered the hub of manufacturing activities. Hence the demand for statistical process control software is evidently high across these countries. Besides this, the market is also witnessing increasing demand in India, Brazil, China, and South Africa. Rapid industrialization witnessed in these regions will create lucrative opportunities for the statistical process control software market.

To present a detailed assessment of the prevailing vendor landscape, the report profiles a few of the leading companies operating therein. These include players such as DataNet Quality Systems, Mettler-Toledo International Inc, Zontec Inc, DataLyzer International, BPI Consulting LLC, Epicor Software Corporation, Profitkey, Infinity QS, QT9 Software, and Hertzler Systems Inc. The report uses SWOT analysis to identify the strengths and weaknesses of the companies profiled. The same analysis will also help the readers gain insight into the opportunities and threats that the market is most likely to witness over the course of the forecast period.

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