Cloud-based NDT Management Software Market Revenue Trends and Growth Drivers

Cloud-based NDT Management Software Market - Global Forecast To 2030

Report Code: UC-SE-6636 Jan, 2025, by marketsandmarkets.com

Cloud-based NDT Management Software market

Cloud-based Non-Destructive Testing (NDT) management software is a digital platform hosted on cloud servers to streamline, manage, and analyze NDT processes and data. It enables real-time collaboration, centralized data storage, and enhanced accessibility for NDT professionals, improving the efficiency and accuracy of testing operations in industries like oil & gas, aerospace, automotive, and construction. The cloud-based NDT management software market is growing steadily, supported by the increasing digitalization of industrial operations. Small and medium-sized enterprises (SMEs) are also contributing to this growth, as they adopt cost-effective cloud solutions to enhance operational efficiency. Furthermore, the market is seeing rising demand for scalable and subscription-based models that cater to diverse operational needs.

Rising Adoption in Asset-Intensive Industries

The growing demand for efficient inspection and maintenance in asset-heavy industries is driving the adoption of cloud-based NDT management software. Industries such as energy and power, manufacturing, and transportation are leveraging these solutions to monitor equipment health, ensure compliance with safety regulations, and reduce downtime through predictive maintenance. For instance, in October 2024, Creaform launched VXintegrity 3.0, featuring enhanced functionalities designed to streamline fitness-for-service (FFS) evaluations for oil and gas infrastructure. The latest version of this NDT software enables asset owners to easily access FEA simulations for Level III assessments and utilize tools aligned with the American Petroleum Institute (API) 579 standards for seamless Level I and II evaluations.

Enhancing Efficiency in Automated Ultrasonic Inspection

Automated ultrasonic inspection technology has greatly improved the efficiency and accuracy of non-destructive testing (NDT) processes in various industries. By utilizing advanced scanners and software, these systems can provide detailed data on material integrity, including real-time A and C-Scan imaging, while also enabling precise measurements based on the position of the inspection equipment. Key features often include continuous data recording, customizable alarm settings, and advanced display tools for analyzing results. For instance, in August 2024, TecScan launched ARIS, software for automated ultrasonic pipe inspection. It records A and C-Scan data based on pipe position and rotary head angles, supports UTPR-8 units, and creates C-Scan imaging across eight channels. ARIS features alarm settings, real-time and offline data analysis, continuous recording, and C-Scan and A-Scan display tools. Its user-friendly interface simplifies inspection and visualization processes.

Integration with IoT and AI

The integration of IoT sensors and AI-driven analytics into NDT management software is revolutionizing the industry by providing continuous, real-time monitoring and enhancing defect detection. IoT sensors collect critical data on equipment conditions, while AI algorithms analyze this data to identify patterns and predict potential failures with high accuracy. This integration shifts industries from traditional, reactive maintenance to proactive, condition-based monitoring, reducing downtime and maintenance costs. It also improves safety and compliance by automating analysis and reporting. As a result, businesses benefit from increased operational efficiency, extended equipment lifespan, and significant cost savings, driving growth in the NDT software market.

Challenges

Despite its benefits, the market faces challenges such as resistance to cloud adoption in traditional industries, concerns over data security, and the need for high-speed internet connectivity. Additionally, training personnel to use advanced software and integrate it with existing systems remains a hurdle for many organizations.

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Table Of Contents

Introduction
1. Study Objectives
2. Market Definition and Scope
  1. Inclusions and Exclusions
3. Study Scope
  1. Markets Covered
  2. Geographic Segmentation
  3. Years Considered for the study
4. Currency
5. Limitations
6. Stakeholders
Research Methodology
1. Research Data
  1. Secondary Data
    1. Major Secondary Sources
    2. Key Data from Secondary Sources
  2. Primary Data
    1. Primary Interviews with Experts
    2. Key Data from Primary Sources
    3. Key Industry Insights
    4. Breakdown of Primaries
2. Market Size Estimation
  1. Bottom-Up Approach
    1. Approach for Capturing Market Share by Bottom-Up Analysis (Demand Side)
  2. Top-Down Approach
    1. Approach for Capturing Market Share by Top-Down Analysis (Supply Side)
3. Market Breakdown and Data Triangulation
4. Research Assumptions
5. Risk Assessment
6. Limitations of Research
Executive Summary
Premium Insights
Market Overview
1. Introduction
2. Market Dynamics
3. Trends/Disruptions Impacting Customer’s Business
4. Pricing Analysis
5. Value Chain Analysis
6. Ecosystem Analysis
7. Investment and Funding Scenario
8. Technology Analysis
9. Patent Analysis
10. Trade Analysis
11. Key Conferences and Events (2024–2026)
12. Case Study Analysis
13. Regulatory Landscape
  1. Regulatory Bodies, Government Agencies, and Other Organizations
  2. Regulatory Framework
14. Porters Five Force Analysis
  1. Threat from New Entrants
  2. Threat of Substitutes
  3. Bargaining Power of Suppliers
  4. Bargaining Power of Buyers
  5. Intensity of Competitive Rivalry
15. Key Stakeholders and Buying Criteria
  1. Key Stakeholders in Buying Process
  2. Buying Criteria
16. Impact of AI/Gen AI on Cloud-based NDT Management Software Market
Cloud-based NDT Management Software Market, By Type
1. Introduction
2. Standard Software
3. Integrated Software

Cloud-based NDT Management Software Market, By Deployment Type
1. Introduction
2. Public Cloud
3. Private Cloud
4. Hybrid Cloud

Cloud-based NDT Management Software Market, By Application (Qualitative)
1. Introduction
2. Inspection Data Management
3. Scheduling and Workflow Automation
4. Compliance and Reporting
5. Equipment Tracking and Calibration Management
6. Real-Time Collaboration
7. Others (Training and Certification Management, Audit Trail Management, and Training and Certification Management)

Cloud-based NDT Management Software Market, By Vertical
1. Introduction
2. Manufacturing
3. Oil & Gas
4. Aerospace
5. Public Infrastructure
6. Automotive
7. Power
8. Other Verticals (Plastics & Polymers, Medical & Health, and Marine)
Cloud-based NDT Management Software Market, By Region
1. Introduction
2. North America
  1. Macroeconomic Outlook
  2. US
  3. Canada
  4. Mexico
3. Europe
  1. Macroeconomic Outlook
  2. UK
  3. Germany
  4. France
  5. Italy
  6. Rest of Europe
4. Asia Pacific
  1. Macroeconomic Outlook
  2. China
  3. Japan
  4. India
  5. Rest of Asia Pacific
5. RoW
  1. Macroeconomic Outlook
  2. Middle East
  3. Africa
  4. South America

Cloud-based NDT Management Software Market, Competitive Landscape
1. Key Player Strategies/Right to Win
2. Revenue Analysis
3. Market Share Analysis
4. Company Valuation and Financial Metrics
5. Product/Brand Comparison
6. Company Evaluation Matrix: Key Players, 2024
  1. Stars
  2. Emerging Leaders
  3. Pervasive Players
  4. Participants
  5. Company Footprint: Key Players, 2024
    1. Company Footprint
    2. Region Footprint
    3. Vertical Industry Footprint
    4. Type Footprint
    5. Deployment Type Footprint
7. Company Evaluation Matrix: Startups/SMEs, 2024
  1. Progressive Companies
  2. Responsive Companies
  3. Dynamic Companies
  4. Starting Blocks
  5. Competitive Benchmarking: Startups/SMEs, 2024
    1. Detailed List of Key Startups/SMEs
    2. Competitive Benchmarking of Key Startups/SMEs

Competitive Situation and Trends

Cloud-based NDT Management Software Market, Company Profiles
1. Key Players
  1. DÜRR NDT
  2. EVIDENT
  3. FORCE Technology
  4. Baker Hughes Company
  5. TWI Ltd.
  6. Orbix
  7. NDT Global
  8. Eddyfi
  9. Spinnsol
  10. The Right Software
  11. JetSoft
2. Other Players

Note:

The list of companies may change as we proceed with the research.
A list of 15-20 companies will be provided

Appendix

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Cloud-based NDT Management Software Market

Cloud-based NDT Management Software Market - Global Forecast To 2030

Cloud-based NDT Management Software market

Rising Adoption in Asset-Intensive Industries

Enhancing Efficiency in Automated Ultrasonic Inspection

Integration with IoT and AI

Challenges

Growth opportunities and latent adjacency in Cloud-based NDT Management Software Market

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