DUBLIN — (BUSINESS WIRE) — September 23, 2011 — Research and Markets ( http://www.researchandmarkets.com/research/dc09ee/world_metrology_so) has announced the addition of Frost & Sullivan's new report " World Metrology Software Market" to their offering.
This research service provides a detailed assessment of the world metrology software market. It includes market forecasts, competitive structure and market-share analysis, as well as geographic analysis. Market drivers and restraints are identified, and impact evaluations are made for each trend. End-user segments are analyzed. The market is expected to show consistent growth throughout the forecast period, with a key focus on the Asia Pacific metrology software market.
Consumers of metrology software have upped the demand for higher product quality in order to streamline their production processes and thereby, reduce costs, maintain efficiency and ensure profitability. To achieve these goals, consumers have increased investments in the automation of production processes, where software also plays a key role. Metrology software developers are looking to cash in on this demand by producing flexible, reliable and accurate solutions.
Market participants are striving to keep pace with the evolution of end-user technologies by focusing on ease-of-use and advanced technological feature sets that can accommodate future demand. The need to stand out in the market has forced manufacturers to provide services and solutions that can restore customer confidence and renew demand. A service portfolio is one of the top criteria for choosing a metrology software vendor.
Although the market is progressing steadily, manufacturers are still trying to shake off the effects of the global economic downturn. Some of the fallouts of the downturn were pricing pressure on vendors and the dip in demand for new applications. The competitive landscape and the market maturity further compelled software vendors to place emphasis on maintenance contracts from the major customers. The situation will ease gradually, once customers start unfreezing their investment plans.
Companies Mentioned:
- Hexagon Metrology
- Carl Zeiss IMT
- Metrologic Group
- Faro Technologies
- Mitutoyo Corporation
- Innovmetric Solutions
- Wenzel
- Nikon Metrology
- Rapid Form
- GeoMagic
- Delcam
For more information visit http://www.researchandmarkets.com/research/dc09ee/world_metrology_so
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