Statistical Process Control Software Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

The statistical process control software market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire statistical process control software market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in value (USD Million) from FY 2016 – 2026.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the statistical process control software industry. The report analyzes and declares the historical and current trends analysis of the statistical process control software industry and subsequently recommends the projected trends anticipated to be observed in the statistical process control software market during the upcoming years.

Key Insights from Primary Research

• As per our analysis, the statistical process control software market is set to grow annually at a rate of around 12%
• It was valued through primary research that the statistical process control software market was valued at around USD 600 Million in 2019
• Asia-Pacific is currently holding the largest share among all the regions and is expected to rise in the upcoming period
• Latin America and Middle East & Africa are the most lucrative regions for the global statistical process control market

Key Recommendations from Analysts

• As per our analysis, government regulations related to the manufacturing sector are supporting the rising demand for SPC tools and software
• The market value for the year 2026 is estimated to reach around USD 136 Billion
• Asia-Pacific region is likely to hold a major market share in the upcoming years
• As per our analysts, the growth is mainly due to the increasing demand for the energy-efficient production process along with growing demand for software that can predict failure at the component level

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the statistical process control software industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the statistical process control software industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the statistical process control software market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the statistical process control software industry. The statistical process control software market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the statistical process control software sector. Key strategic developments in the Statistical Process Control Software market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the statistical process control software market are appropriately highlighted in the report.

Asia Pacific dominates the global statistical process control software market in the year 2018. The prime factor contributing to the growth of the region is the increasing manufacturing industries in the region. For now, China and Japan are the main manufacturing bases in the Asia region which contributes to the majority of the revenue share for the market. China’s manufacturing industrial sector contributes nearly 40% of the total country’s GDP.

Further, investment in the manufacturing industries in China is growing with an average of 8.7% every year. Therefore, the growth in the manufacturing sector is expected to surge the demand for the SPC platform in the analyzed period.

Furthermore, India is another major region expected to grow prominently in the coming years owing to several government initiatives promoting the growth of the manufacturing industries. For example, in October 2018, the Government of India released the draft National Policy on Electronics (NPE) that has predicted the establishment of a USD 400 Billion electronics manufacturing industry in India by 2025. Moreover, the Government of India has also approved the strategic partnership model that enables private manufacturers to tie up with foreign players for defense and aerospace manufacturing activities.

Additionally, the growing advancements and adoption of new technologies such as the implementation of smart factories and automation are creating large opportunities for the statistical and advanced process control market in the region. Furthermore, the large number of advantages offered by the SPC tools such as high safety, improved reliability, increased efficiency, and optimized performance in the automated manufacturing process emphasize the manufacturers implement them frequently in their system.

The statistical process control software market research report delivers an acute valuation and taxonomy of the statistical process control software industry by practically splitting the market on the basis of different detection, end-use, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

The regional segmentation of the statistical process control software industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the statistical process control software industry is provided for the leading economies of the world.

The statistical process control software market is segmented based on application and end-user. On the basis of application segmentation, the market is classified into SMEs and large enterprises. In terms of end-user segmentation, the market is bifurcated into Aerospace and Defense, Automobile, Metal Component Manufacturers, Healthcare, Packaging, Petrochemicals, Pharmaceuticals, Oil and Gas Plants, Food & Beverages, and Others.

Report Scope

Some of the essential players operating in the statistical process control software market include: 

• Deskera ERP
• E2 Manufacturing System
• Epicor Manufacturing
• Genius ERP
• Infor VISUAL ERP
• Intellect eQMS
• IQMS ERP Software
• BlackBelt
• COSS ERP
• LillyWorks
• MasterControl Quality Management System (QMS)
• Odoo
• OptiProERP
• Priority
• QT9 Quality Management
• QuickBooks Enterprise
• Realtrac
• Sage 100cloud
• uniPoint Quality Management
• Vicinity Manufacturing

The taxonomy of the statistical process control software industry by its scope and segmentation is as follows:

By Application Segmentation Analysis (Customizable)

• SMEs
• Large Enterprises

By End Users Segmentation Analysis (Customizable)

• Aerospace and Defence
• Automobile
• Metal Component Manufacturers
• Healthcare
• Packaging
• Petrochemicals
• Pharmaceuticals
• Oil and Gas Plants
• Food & Beverages
• Others

Regional Segmentation Analysis (Customizable)

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa