Report: Focus on Cost Reduction Drives Metrology Software Market

Global Industry Analysts has released a global report on the state of metrology software. The market, according to the study, is projected to reach $522.8 million by 2020.

The reason for this growth, the firm reports, is the increased focus within the manufacturing sector to streamline production processes, reduce cost and improve efficiency. Additionally, the industry’s push for automation will prove useful in the growth of software platforms.

The report provides a comprehensive view of the market, industry overview, trends, growth drivers, issues and recent industry activity.

Next-generation metrology software have become more full-featured, easy-to-use and customizable. Solutions include point cloud metrology software, geometric dimensioning and tolerancing, laser scanning technology, on-machine metrology software, multi-sensor metrology software, automated metrology software and robotic metrology software.

According to Global Industry Analysis, the fastest growing market is currently the Asia Pacific, with a CAGR of 7.1%.

Key companies mentioned in the report include 3D Systems, Aberlink Innovative Metrology, AICON 3D Systems, BuildIT Software & Solutions, Carl Zeiss Industrial Metrology, Creaform, Hexagon, Nikon Metrology, Verisurf Software and more.

For more information, visit Global Industry Analysis.

Sources: Press materials received from the company and additional information gleaned from the company’s website.