Technavio has announced its latest market research report titled Global Calibration Management Software Market 2020-2024 (Graphic: Business Wire)
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AVL List GmbH, Beamex Oy Ab, CompuCal Calibration Solutions, CyberMetrics Corp., ETQ LLC, Fortive Corp., P.J. Bonner & Co. Ltd., Prime Technologies Inc., Productivity-Quality Systems (News - Alert) Inc., and Quality America Inc. are some of the major market participants. Although the automation of the calibration process will offer immense growth opportunities, the threat of cyber attacks will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.