Specification Management Software Market to Grow at a CAGR of 8.6% to reach US$ 720.92 Million from 2020 to 2028

    Specification Management Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Cloud-Based and On-Premises), End-Use Industry [Fast Moving Consumer Goods (FMCG), Pharmaceutical, and Others], and Application (Raw Materials Management, Formula and Ingredients Management, Packaging Management, Document Management, and Others) and Geography

    Publication Month: Aug 2021 | Report Code: TIPRE00018599 | No. of Pages: 162 | Category: Technology, Media and Telecommunications | Status: Published

    The specification management software market is expected to grow from US$ 404.66 million in 2021 to US$ 720.92 million by 2028; it is estimated to grow at a CAGR of 8.6% during 2021–2028.

    Pharmaceutical products are manufactured by combining different types of chemicals or biological substances. The manufacturing process involves a range of unit operations, including granulation, filling, blending, milling, tablet pressing, and coating. The manufacturers need to abide by specific regulations and follow the apt guidelines to maintain the accurate amount of chemicals and sustain their quality. The equipment involved in pharmaceutical manufacturing must be run and maintained as per the good manufacturing practices (GMP). With the continuous rise in demand for medicines/drugs across the world, pharmaceutical companies are investing significantly in the implementation of various IT solutions in different operations. For example, specification management software is adopted for the accurate and precise specification of chemicals used in pharmaceutical manufacturing; this helps the pharmaceutical companies to ensure quality as well as regulatory compliance across the entire value chain of the industry.


    Complex supply chains, tight regulations, and data integrity issues impact the quality strategies and processes in the pharmaceuticals industry. The FDA and other equivalent authorities rigorously focus on regulatory compliance by pharmaceutical companies, thus ensuring the maintenance of quality standards across the global pharmaceuticals industry. The specification management software data permits users to maintain consistent metrics, risk calculations, and other trend analyses. The specification management software function encompasses raw material management, formula and ingredient management, packaging management, document management, and quality management. For instance, Pilgrim Quality Solutions offers SmartSolve Pharmaceutical QMS Solutions that precisely and accurately handle document management, out-of-specification management, recall management, supplier quality management, and so on.

    Impact of COVID-19 Pandemic on Specification Management Software Market in North America

    The COVID-19 pandemic has severely affected many industries in North American countries, such as the US, Canada, and Mexico. The unprecedented rise in number of COVID-19 cases across the US and the subsequent imposition of various restrictions to combat the spread of the virus in the first two quarters of 2020 hampered the performance of various businesses. Technological investments suffered considerable dip in 2020. However, the pandemicimpacted the way businesses work and encouraged them to digital platforms for carrying out business operations from remote locations. North America is at the forefront of accepting and developing state-of-the-art technologies owing to favorable government policies to boost innovation and reinforce infrastructure capabilities. Since the US has a high density of specification management software market players, the outbreak has severely affected the production of each, especially in the first of 2020, when there were stringent restrictions on transportation.

    Lucrative Regions for Specification Management Software Providers

    Lucrative Regions for Specification Management Software Providers

    Get more information on this report :


    Specification Management Software Market Insights

    Flourishing FMCG Sector Fuels Growth of Specification Management Software Market

    The global fast-moving consumer goods (FMCG) sector is under continuous pressure of launching newer products. All product launch experiences product development cycle to provide each project in a specified time frame. The FMCG sector is constantly experiencing healthy growth, which is mainly ascribed to the adoption of smart retailing. The smart retailing concept compels retailers to continuously focus on fulfilling continuously evolving consumer requirements as well as on providing an enhanced and convenient shopping experience to the consumers. In the consumer goods industry, specification management software is deployed in processes such as raw material management, packaging, and product detail documentation. Packaging holds utmost importance as it is the first aspect consumers observe and touch. PackIQ, ORBIS Corporation, TODAY IT, GEFCO, and Amatech are among the packaging management tools providers for the retail and consumer goods sector.

    Furthermore, the quality of the product continues to be the main concern for consumers. Thus, the companies, especially in the consumer goods industry, continuously focus on delivering standard-quality products in a timely and hassle-free manner. The consequent requirement of upgrading the processes, services, and outcomes requires technology intervention, which is boosting the adoption of specification management software. As a result, the adoption of specification management software for document management, packaging management, and artwork management is on the rise in the FMCG sector, which further allows retailers to attain customer excellence.

    Type - Based Market Insights

    Based on type, the specification management software market is bifurcated into cloud-based and on-premise. In 2020, the cloud-based segment accounted for a larger share in the market.

    Specification Management Software Market, by Type, 2020 and 2028 (%)

    Specification Management Software Market, by Type, 2020 and 2028 (%)

    Get more information on this report :


    Application-Based Market Insights

    Based on

    application

    , the specification management software market is segmented into raw materials management, formula and ingredients management, packaging management, document management, and other applications. In 2020, the packaging management segment accounted for the largest market share.

    Strategic Insights

    The players operating in the specification management software market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

    • In 2021, Emerson announced

      its

      equity investment in Fluxa

      for its

      Process & Knowledge Management (PKMTM) software

      that

      seamlessly manages product and process specifications throughout the product development lifecycle.
    • In May 2021, Specright became a silver member of the GS1 US Solution Partner Program. This designation indicates Specright’s commitment to offer solutions and services that enable efficient, quick, and accurate implementation of GS1 Standards.

    The global specification management software market has been segmented as mentioned below:


    By Type

    • Cloud-Based
    • On-Premises

    By End-Use Industry

    • Fast Moving Consumer Goods (FMCG)
    • Pharmaceutical
    • Others

    By Application

    • Raw Materials Management
    • Formula and Ingredients Management
    • Packaging Management
    • Document Management
    • Other Applications

    By Geography

    • North America
      • US
      • Canada
      • Mexico
    • Europe
      • France
      • Germany
      • Italy
      • UK
      • Russia
      • Rest of Europe
    • Asia Pacific (APAC)
      • China
      • India
      • South Korea
      • Japan
      • Australia
      • Rest of APAC
    • Middle East & Africa (MEA)
      • South Africa
      • Saudi Arabia
      • UAE
      • Rest of MEA
    • South America (SAM)
      • Brazil
      • Argentina
      • Rest of SAM


    Company Profiles

    • Accompa, Inc.
    • Esko-Graphics BV.
    • Emerson Electric Co.
    • Lascom
    • Siemens AG
    • SAP SE
    • DocXellent
    • Isolocity
    • PiLog Group
    • QADEX
    • SPECRIGHT

    1. Introduction

    1.1 Study Scope

    1.2 The Insight Partners Research Report Guidance

    1.3 Market Segmentation

    2. Key Takeaways

    3. Research Methodology

    3.1 Coverage

    3.2 Secondary Research

    3.3 Primary Research

    4. Global Specification Management Software Market Landscape

    4.1 Market Overview

    4.2 PEST Analysis

    4.2.1 North America

    4.2.2 Europe

    4.2.3 APAC

    4.2.4 MEA

    4.2.5 SAM

    4.3 Ecosystem Analysis

    4.4 Expert Opinion

    4.5 Premium Insights

    4.5.1 Insights on License costs of Specification Management Software

    5. Specification Management Software Market – Key Industry Dynamics

    5.1 Market Drivers

    5.1.1 Increasing Production of Pharmaceutical Products

    5.1.2 Flourishment of FMCG Sector

    5.2 Market Restraint

    5.2.1 Security Concerns and Cost of Integration with Other Existing Platforms

    5.3 Market Opportunities

    5.3.1 Growing Popularity of Cloud-Based Specification Management Platforms

    5.4 Future Trends

    5.4.1 Emergence of Advanced and Sophisticated Technologies

    5.5 Impact Analysis of Drivers and Restraints

    6. Specification Management Software Market – Global Analysis

    6.1 Specification Management Software Market Global Overview

    6.2 Specification Management Software Market – Global Revenue and Forecast to 2028 (USD Million)

    6.3 Market Positioning – Five Key Players

    6.4 Market Share Analysis

    7. Specification Management Software Market Analysis – by Type

    7.1 Overview

    7.2 Specification Management Software Market Breakdown, by Type, 2020 and 2028

    7.3 Cloud-Based

    7.3.1 Overview

    7.3.2 Cloud-Based: Specification Management Software Market Revenue and Forecast to 2028 (USD Million)

    7.4 On-Premises

    7.4.1 Overview

    7.4.2 On-Premises: Specification Management Software Market Revenue and Forecast to 2028 (USD Million)

    8. Specification Management Software Market Analysis – by End-Use Industry

    8.1 Overview

    8.2 Specification Management Software Market, by End-Use Industry (2020 and 2028)

    8.3 FMCG

    8.3.1 Overview

    8.3.2 FMCG: Specification Management Software Market – Revenue and Forecast to 2028 (USD Million)

    8.4 Pharmaceuticals

    8.4.1 Overview

    8.4.2 Pharmaceuticals: Specification Management Software Market – Revenue and Forecast to 2028 (USD Million)

    8.5 Others

    8.5.1 Overview

    8.5.2 Others: Specification Management Software Market – Revenue and Forecast to 2028 (USD Million)

    9. Specification Management Software Market Analysis – by Application

    9.1 Overview

    9.2 Specification Management Software Market, by Application (2020 and 2028)

    9.3 Raw Material Management

    9.3.1 Overview

    9.3.2 Raw Material Management: Specification Management Software Market – Revenue and Forecast to 2028 (USD Million)

    9.4 Formula and Ingredients Management

    9.4.1 Overview

    9.4.2 Formula and Ingredients Management: Specification Management Software Market – Revenue and Forecast to 2028 (USD Million)

    9.5 Packaging Management

    9.5.1 Overview

    9.5.2 Packaging Management: Specification Management Software Market – Revenue and Forecast to 2028 (USD Million)

    9.6 Document Management

    9.6.1 Overview

    9.6.2 Document Management: Specification Management Software Market – Revenue and Forecast to 2028 (USD Million)

    9.7 Others

    9.7.1 Overview

    9.7.2 Others: Specification Management Software Market – Revenue and Forecast to 2028 (USD Million)

    10. Specification Management Software Market – Geographic Analysis

    10.1 Overview

    10.2 North America Specification Management Software Market, Revenue and Forecast to 2028

    10.2.1 Overview

    10.2.2 North America Specification Management Software Market, Revenue and Forecast to 2028 (USD Mn)

    10.2.3 North America Specification Management Software Market Breakdown, By Type

    10.2.4 North America Specification Management Software Market Breakdown, By End-Use Industry

    10.2.5 North America Specification Management Software Market Breakdown, By Application

    10.2.6 North America Specification Management Software Market Breakdown, by Country

    10.2.6.1 US Specification Management Software Market, Revenue and Forecast to 2028

    10.2.6.1.1 US Specification Management Software Market Breakdown, by Type

    10.2.6.1.2 US Specification Management Software Market Breakdown, by End-Use Industry

    10.2.6.1.3 US Specification Management Software Market Breakdown, by Application

    10.2.6.2 Canada Specification Management Software Market, Revenue and Forecast to 2028

    10.2.6.2.1 Canada Specification Management Software Market Breakdown, by Type

    10.2.6.2.2 Canada Specification Management Software Market Breakdown, by End-Use Industry

    10.2.6.2.3 Canada Specification Management Software Market Breakdown, by Application

    10.2.6.3 Mexico Specification Management Software Market, Revenue and Forecast to 2028

    10.2.6.3.1 Mexico Specification Management Software Market Breakdown, by Type

    10.2.6.3.2 Mexico Specification Management Software Market Breakdown, by End-Use Industry

    10.2.6.3.3 Mexico Specification Management Software Market Breakdown, by End-Use Industry

    10.3 Europe Specification Management Software Market Revenue and Forecast To 2028

    10.3.1 Overview

    10.3.2 Europe Specification Management Software Market Revenue and Forecast to 2028 (USD Mn)

    10.3.3 Europe Specification Management Software Market Breakdown, By Type

    10.3.4 Europe Specification Management Software Market Breakdown, By End-Use Industry

    10.3.5 Europe Specification Management Software Market Breakdown, By Application

    10.3.6 Europe Specification Management Software Market Breakdown, by Country

    10.3.6.1 UK Specification Management Software Market, Revenue and Forecast to 2028

    10.3.6.1.1 UK Specification Management Software Market Breakdown, by Type

    10.3.6.1.2 UK Specification Management Software Market Breakdown, by End-Use Industry

    10.3.6.1.3 UK Specification Management Software Market Breakdown, by Application

    10.3.6.2 Germany Specification Management Software Market, Revenue and Forecast to 2028

    10.3.6.2.1 Germany Specification Management Software Market Breakdown, by Type

    10.3.6.2.2 Germany Specification Management Software Market Breakdown, by End-Use Industry

    10.3.6.2.3 Germany Specification Management Software Market Breakdown, by Application

    10.3.6.3 France Specification Management Software Market, Revenue and Forecast to 2028

    10.3.6.3.1 France Specification Management Software Market Breakdown, by Type

    10.3.6.3.2 France Specification Management Software Market Breakdown, by End-Use Industry

    10.3.6.3.3 France Specification Management Software Market Breakdown, by Application

    10.3.6.4 Italy Specification Management Software Market, Revenue and Forecast to 2028

    10.3.6.4.1 Italy Specification Management Software Market Breakdown, by Type

    10.3.6.4.2 Italy Specification Management Software Market Breakdown, by End-Use Industry

    10.3.6.4.3 Italy Specification Management Software Market Breakdown, by Application

    10.3.6.5 Russia Specification Management Software Market, Revenue and Forecast to 2028

    10.3.6.5.1 Russia Specification Management Software Market Breakdown, by Type

    10.3.6.5.2 Russia Specification Management Software Market Breakdown, by End-Use Industry

    10.3.6.5.3 Russia Specification Management Software Market Breakdown, by Application

    10.3.6.6 Rest of Europe Specification Management Software Market, Revenue and Forecast to 2028

    10.3.6.6.1 Rest of Europe Specification Management Software Market Breakdown, by Type

    10.3.6.6.2 Rest of Europe Specification Management Software Market Breakdown, by End-Use Industry

    10.3.6.6.3 Rest of Europe Specification Management Software Market Breakdown, by Application

    10.4 APAC Specification Management Software Market, Revenue and Forecast To 2028

    10.4.1 Overview

    10.4.2 APAC Specification Management Software Market, Revenue and Forecast to 2028 (USD Mn)

    10.4.3 APAC Specification Management Software Market Breakdown, By Type

    10.4.4 APAC Specification Management Software Market Breakdown, By End-Use Industry

    10.4.5 APAC Specification Management Software Market Breakdown, By Application

    10.4.6 APAC Specification Management Software Market Breakdown, by Country

    10.4.6.1 China Specification Management Software Market, Revenue and Forecast to 2028 (USD Mn)

    10.4.6.1.1 China Specification Management Software Market Breakdown, by Type

    10.4.6.1.2 China Specification Management Software Market Breakdown, by End-Use Industry

    10.4.6.1.3 China Specification Management Software Market Breakdown, by Application

    10.4.6.2 Japan Specification Management Software Market, Revenue and Forecast to 2028 (USD Mn)

    10.4.6.2.1 Japan Specification Management Software Market Breakdown, by Type

    10.4.6.2.2 Japan Specification Management Software Market Breakdown, by End-Use Industry

    10.4.6.2.3 Japan Specification Management Software Market Breakdown, by Application

    10.4.6.3 India Specification Management Software Market, Revenue and Forecast to 2028 (USD Mn)

    10.4.6.3.1 India Specification Management Software Market Breakdown, by Type

    10.4.6.3.2 India Specification Management Software Market Breakdown, by End-Use Industry

    10.4.6.3.3 India Specification Management Software Market Breakdown, by Application

    10.4.6.4 South Korea Specification Management Software Market, Revenue and Forecast to 2028 (USD Mn)

    10.4.6.4.1 South Korea Specification Management Software Market Breakdown, by Type

    10.4.6.4.2 South Korea Specification Management Software Market Breakdown, by End-Use Industry

    10.4.6.4.3 South Korea Specification Management Software Market Breakdown, by Application

    10.4.6.5 Australia Specification Management Software Market, Revenue and Forecast to 2028 (USD Mn)

    10.4.6.5.1 Australia Specification Management Software Market Breakdown, by Type

    10.4.6.5.2 Australia Specification Management Software Market Breakdown, by End-Use Industry

    10.4.6.5.3 Australia Specification Management Software Market Breakdown, by Application

    10.4.6.6 Rest of APAC Specification Management Software Market, Revenue and Forecast to 2028 (USD Mn)

    10.4.6.6.1 Rest of APAC Specification Management Software Market Breakdown, by Type

    10.4.6.6.2 Rest of APAC Specification Management Software Market Breakdown, by End-Use Industry

    10.4.6.6.3 Rest of APAC Specification Management Software Market Breakdown, by Application

    10.5 MEA Specification Management Software Market, Revenue and Forecast To 2028

    10.5.1 Overview

    10.5.2 MEA Specification Management Software Market, Revenue and Forecast to 2028 (USD Mn)

    10.5.3 MEA Specification Management Software Market Breakdown, By Type

    10.5.4 MEA Specification Management Software Market Breakdown, By End-Use Industry

    10.5.5 MEA Specification Management Software Market Breakdown, By Application

    10.5.6 MEA Specification Management Software Market Breakdown, By Country

    10.5.6.1 Saudi Arabia Specification Management Software Market, Revenue and Forecast to 2028 (USD Mn)

    10.5.6.1.1 Saudi Arabia Specification Management Software Market Breakdown, by Type

    10.5.6.1.2 Saudi Arabia Specification Management Software Market Breakdown, by End-Use Industry

    10.5.6.1.3 Saudi Arabia Specification Management Software Market Breakdown, by Application

    10.5.6.2 UAE Specification Management Software Market, Revenue and Forecast to 2028 (USD Mn)

    10.5.6.2.1 UAE Specification Management Software Market Breakdown, by Type

    10.5.6.2.2 UAE Specification Management Software Market Breakdown, by End-Use Industry

    10.5.6.2.3 UAE Specification Management Software Market Breakdown, by Application

    10.5.6.3 South Africa Specification Management Software Market, Revenue and Forecast to 2028 (USD Mn)

    10.5.6.3.1 South Africa Specification Management Software Market Breakdown, by Type

    10.5.6.3.2 South Africa Specification Management Software Market Breakdown, by End-Use Industry

    10.5.6.3.3 South Africa Specification Management Software Market Breakdown, by Application

    10.5.6.4 Rest of MEA Specification Management Software Market, Revenue and Forecast to 2028 (USD Mn)

    10.5.6.4.1 Rest of MEA Specification Management Software Market Breakdown, by Type

    10.5.6.4.2 Rest of MEA Specification Management Software Market Breakdown, by End-Use Industry

    10.5.6.4.3 Rest of MEA Specification Management Software Market Breakdown, by Application

    10.6 South America Specification Management Software Market Revenue and Forecast To 2028

    10.6.1 Overview

    10.6.2 South America Specification Management Software Market Revenue and Forecast to 2028 (USD Mn)

    10.6.3 South America Specification Management Software Market Breakdown, By Type

    10.6.4 South America Specification Management Software Market Breakdown, By End-Use Industry

    10.6.5 South America Specification Management Software Market Breakdown, By Application

    10.6.6 SAM Specification Management Software Market Breakdown, by Country

    10.6.6.1 Brazil Specification Management Software Market, Revenue and Forecast to 2028

    10.6.6.1.1 Brazil Specification Management Software Market Breakdown, by Type

    10.6.6.1.2 Brazil Specification Management Software Market Breakdown, by End-Use Industry

    10.6.6.1.3 Brazil Specification Management Software Market Breakdown, by Application

    10.6.6.2 Argentina Specification Management Software Market, Revenue and Forecast to 2028

    10.6.6.2.1 Argentina Specification Management Software Market Breakdown, by Type

    10.6.6.2.2 Argentina Specification Management Software Market Breakdown, by End-Use Industry

    10.6.6.2.3 Argentina Specification Management Software Market Breakdown, by Application

    10.6.6.3 Rest of SAM Specification Management Software Market, Revenue and Forecast to 2028

    10.6.6.3.1 Rest of SAM Specification Management Software Market Breakdown, by Type

    10.6.6.3.2 Rest of SAM Specification Management Software Market Breakdown, by End-Use Industry

    10.6.6.3.3 Rest of SAM Specification Management Software Market Breakdown, by Application

    11. Impact of COVID-19 Pandemic on Global Specification Management Software Market

    11.1 North America: Impact Assessment of COVID-19 Pandemic

    11.2 Europe: Impact Assessment of COVID-19 Pandemic

    11.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic

    11.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic

    11.5 South America: Impact Assessment of COVID-19 Pandemic

    12. Industry Landscape

    12.1 Overview

    12.2 Market Initiative

    12.3 Merger and Acquisition

    13. Company Profiles

    13.1 Accompa, Inc.

    13.1.1 Key Facts

    13.1.2 Business Description

    13.1.3 Products and Services

    13.1.4 Financial Overview

    13.1.5 SWOT Analysis

    13.1.6 Key Developments

    13.2 Esko-Graphics BV.

    13.2.1 Key Facts

    13.2.2 Business Description

    13.2.3 Products and Services

    13.2.4 Financial Overview

    13.2.5 SWOT Analysis

    13.2.6 Key Developments

    13.3 Emerson Electric Co.

    13.3.1 Key Facts

    13.3.2 Business Description

    13.3.3 Products and Services

    13.3.4 Financial Overview

    13.3.5 SWOT Analysis

    13.3.6 Key Developments

    13.4 Lascom

    13.4.1 Key Facts

    13.4.2 Business Description

    13.4.3 Products and Services

    13.4.4 Financial Overview

    13.4.5 SWOT Analysis

    13.4.6 Key Developments

    13.5 Siemens AG

    13.5.1 Key Facts

    13.5.2 Business Description

    13.5.3 Products and Services

    13.5.4 Financial Overview

    13.5.5 SWOT Analysis

    13.5.6 Key Developments

    13.6 SAP SE

    13.6.1 Key Facts

    13.6.2 Business Description

    13.6.3 Products and Services

    13.6.4 Financial Overview

    13.6.5 SWOT Analysis

    13.6.6 Key Developments

    13.7 DocXellent

    13.7.1 Key Facts

    13.7.2 Business Description

    13.7.3 Products and Services

    13.7.4 Financial Overview

    13.7.5 SWOT Analysis

    13.7.6 Key Developments

    13.8 Isolocity

    13.8.1 Key Facts

    13.8.2 Business Description

    13.8.3 Products and Services

    13.8.4 Financial Overview

    13.8.5 SWOT Analysis

    13.8.6 Key Developments

    13.9 PiLog Group

    13.9.1 Key Facts

    13.9.2 Business Description

    13.9.3 Products and Services

    13.9.4 Financial Overview

    13.9.5 SWOT Analysis

    13.9.6 Key Developments

    13.10 QADEX

    13.10.1 Key Facts

    13.10.2 Business Description

    13.10.3 Products and Services

    13.10.4 Financial Overview

    13.10.5 SWOT Analysis

    13.10.6 Key Developments

    13.11 SPECRIGHT

    13.11.1 Key Facts

    13.11.2 Business Description

    13.11.3 Financial Overview

    13.11.4 SWOT Analysis

    13.11.5 Key Developments

    14. Appendix

    14.1 About The Insight Partners

    14.2 Word Index

    LIST OF TABLES

    Table 1. Specification Management Software Market – License Cost

    Table 2. Specification Management Software Market – Revenue and Forecast to 2028 (USD Million)

    Table 3. Global Specification Management Software Market, Revenue and Forecast to 2028, by Geography (USD Mn)

    Table 4. North America Specification Management Software Market, Revenue and Forecast To 2028 – By Type (USD Mn)

    Table 5. North America Specification Management Software Market, Revenue and Forecast To 2028 – By End-Use Industry (USD Mn)

    Table 6. North America Specification Management Software Market, Revenue and Forecast To 2028 – By Application (USD Mn)

    Table 7. North America Specification Management Software Market, Revenue and Forecast To 2028 – By Country (USD Mn)

    Table 8. US Specification Management Software Market, Revenue and Forecast to 2028 – By Type (USD Mn)

    Table 9. US Specification Management Software Market, Revenue and Forecast to 2028 – By End-Use Industry (USD Mn)

    Table 10. US Specification Management Software Market, Revenue and Forecast to 2028 – By Application (USD Mn)

    Table 11. Canada Specification Management Software Market, Revenue and Forecast to 2028 – By Type (USD Mn)

    Table 12. Canada Specification Management Software Market, Revenue and Forecast to 2028 – By End-Use Industry (USD Mn)

    Table 13. Canada Specification Management Software Market, Revenue and Forecast to 2028 – By Application (USD Mn)

    Table 14. Mexico Specification Management Software Market, Revenue and Forecast to 2028 – By Type (USD Mn)

    Table 15. Mexico Specification Management Software Market, Revenue and Forecast to 2028 – By End-Use Industry (USD Mn)

    Table 16. Mexico Specification Management Software Market, Revenue and Forecast to 2028 – By End-Use Industry (USD Mn)

    Table 17. Europe Specification Management Software Market, Revenue and Forecast To 2028 – By Type (USD Mn)

    Table 18. Europe Specification Management Software Market, Revenue and Forecast To 2028 – By End-Use Industry (USD Mn)

    Table 19. Europe Specification Management Software Market, Revenue and Forecast To 2028 – By Application (USD Mn)

    Table 20. Europe Specification Management Software Market, Revenue and Forecast To 2028 – By Country (USD Mn)

    Table 21. UK Specification Management Software Market, Revenue and Forecast to 2028 – By Type (USD Mn)

    Table 22. UK Specification Management Software Market, Revenue and Forecast to 2028 – By End-Use Industry (USD Mn)

    Table 23. UK Specification Management Software Market, Revenue and Forecast to 2028 – By Application (USD Mn)

    Table 24. Germany Specification Management Software Market, Revenue and Forecast to 2028 – By Type (USD Mn)

    Table 25. Germany Specification Management Software Market, Revenue and Forecast to 2028 – By End-Use Industry (USD Mn)

    Table 26. Germany Specification Management Software Market, Revenue and Forecast to 2028 – By Application (USD Mn)

    Table 27. France Specification Management Software Market, Revenue and Forecast to 2028 – By Type (USD Mn)

    Table 28. France Specification Management Software Market, Revenue and Forecast to 2028 – By End-Use Industry (USD Mn)

    Table 29. France Specification Management Software Market, Revenue and Forecast to 2028 – By Application (USD Mn)

    Table 30. Italy Specification Management Software Market, Revenue and Forecast to 2028 – By Type (USD Mn)

    Table 31. Italy Specification Management Software Market, Revenue and Forecast to 2028 – By End-Use Industry (USD Mn)

    Table 32. Italy Specification Management Software Market, Revenue and Forecast to 2028 – By Application (USD Mn)

    Table 33. Russia Specification Management Software Market, Revenue and Forecast to 2028 – By Type (USD Mn)

    Table 34. Russia Specification Management Software Market, Revenue and Forecast to 2028 – By End-Use Industry (USD Mn)

    Table 35. Russia Specification Management Software Market, Revenue and Forecast to 2028 – By Application (USD Mn)

    Table 36. Rest of Europe Specification Management Software Market, Revenue and Forecast to 2028 – By Type (USD Mn)

    Table 37. Rest of Europe Specification Management Software Market, Revenue and Forecast to 2028 – By End-Use Industry (USD Mn)

    Table 38. Rest of Europe Specification Management Software Market, Revenue and Forecast to 2028 – By Application (USD Mn)

    Table 39. APAC Specification Management Software Market, Revenue and Forecast To 2028 – By Type (USD Mn)

    Table 40. APAC Specification Management Software Market, Revenue and Forecast To 2028 – By End-Use Industry (USD Mn)

    Table 41. APAC Specification Management Software Market, Revenue and Forecast To 2028 – By Application (USD Mn)

    Table 42. APAC Specification Management Software Market, Revenue and Forecast To 2028 – By Country (USD Mn)

    Table 43. China Specification Management Software Market, Revenue and Forecast to 2028 – By Type (USD Mn)

    Table 44. China Specification Management Software Market, Revenue and Forecast to 2028 – By End-Use Industry (USD Mn)

    Table 45. China Specification Management Software Market, Revenue and Forecast to 2028 – By Application (USD Mn)

    Table 46. Japan Specification Management Software Market, Revenue and Forecast to 2028 – By Type (USD Mn)

    Table 47. Japan Specification Management Software Market, Revenue and Forecast to 2028 – By End-Use Industry (USD Mn)

    Table 48. Japan Specification Management Software Market, Revenue and Forecast to 2028 – By Application (USD Mn)

    Table 49. India Specification Management Software Market, Revenue and Forecast to 2028 – By Type (USD Mn)

    Table 50. India Specification Management Software Market, Revenue and Forecast to 2028 – By End-Use Industry (USD Mn)

    Table 51. India Specification Management Software Market, Revenue and Forecast to 2028 – By Application (USD Mn)

    Table 52. South Korea Specification Management Software Market, Revenue and Forecast to 2028 – By Type (USD Mn)

    Table 53. South Korea Specification Management Software Market, Revenue and Forecast to 2028 – By End-Use Industry (USD Mn)

    Table 54. South Korea Specification Management Software Market, Revenue and Forecast to 2028 – By Application (USD Mn)

    Table 55. Australia Specification Management Software Market, Revenue and Forecast to 2028 – By Type (USD Mn)

    Table 56. Australia Specification Management Software Market, Revenue and Forecast to 2028 – By End-Use Industry (USD Mn)

    Table 57. Australia Specification Management Software Market, Revenue and Forecast to 2028 – By Application (USD Mn)

    Table 58. Rest of APAC Specification Management Software Market, Revenue and Forecast to 2028 – By Type (USD Mn)

    Table 59. Rest of APAC Specification Management Software Market, Revenue and Forecast to 2028 – By End-Use Industry (USD Mn)

    Table 60. Rest of APAC Specification Management Software Market, Revenue and Forecast to 2028 – By Application (USD Mn)

    Table 61. MEA Specification Management Software Market, Revenue and Forecast To 2028 – By Type (USD Mn)

    Table 62. MEA Specification Management Software Market, Revenue and Forecast To 2028 – By End-Use Industry (USD Mn)

    Table 63. MEA Specification Management Software Market, Revenue and Forecast To 2028 – By End-Use Industry (USD Mn)

    Table 64. MEA Specification Management Software Market, Revenue and Forecast to 2028 – By Country (USD Mn)

    Table 65. Saudi Arabia Specification Management Software Market, Revenue and Forecast to 2028 – By Type (USD Mn)

    Table 66. Saudi Arabia Specification Management Software Market, Revenue and Forecast to 2028 – By End-Use Industry (USD Mn)

    Table 67. Saudi Arabia Specification Management Software Market, Revenue and Forecast to 2028 – By Application (USD Mn)

    Table 68. UAE Specification Management Software Market, Revenue and Forecast to 2028 – By Type (USD Mn)

    Table 69. UAE Specification Management Software Market, Revenue and Forecast to 2028 – By End-Use Industry (USD Mn)

    Table 70. UAE Specification Management Software Market, Revenue and Forecast to 2028 – By Application (USD Mn)

    Table 71. South Africa Specification Management Software Market, Revenue and Forecast to 2028 – By Type (USD Mn)

    Table 72. South Africa Specification Management Software Market, Revenue and Forecast to 2028 – By End-Use Industry (USD Mn)

    Table 73. South Africa Specification Management Software Market, Revenue and Forecast to 2028 – By Application (USD Mn)

    Table 74. Rest of MEA Specification Management Software Market, Revenue and Forecast to 2028 – By Type (USD Mn)

    Table 75. Rest of MEA Specification Management Software Market, Revenue and Forecast to 2028 – By End-Use Industry (USD Mn)

    Table 76. Rest of MEA Specification Management Software Market, Revenue and Forecast to 2028 – By Application (USD Mn)

    Table 77. South America Specification Management Software Market, Revenue and Forecast To 2028 – By Type (USD Mn)

    Table 78. South America Specification Management Software Market, Revenue and Forecast To 2028 – By End-Use Industry (USD Mn)

    Table 79. South America Specification Management Software Market, Revenue and Forecast To 2028 – By Application (USD Mn)

    Table 80. SAM Specification Management Software Market, Revenue and Forecast To 2028 – By Country (USD Mn)

    Table 81. Brazil Specification Management Software Market, Revenue and Forecast to 2028 – By Type (USD Mn)

    Table 82. Brazil Specification Management Software Market, Revenue and Forecast to 2028 – By End-Use Industry (USD Mn)

    Table 83. Brazil Specification Management Software Market, Revenue and Forecast to 2028 – By Application (USD Mn)

    Table 84. Argentina Specification Management Software Market, Revenue and Forecast to 2028 – By Type (USD Mn)

    Table 85. Argentina Specification Management Software Market, Revenue and Forecast to 2028 – By End-Use Industry (USD Mn)

    Table 86. Argentina Specification Management Software Market, Revenue and Forecast to 2028 – By Application (USD Mn)

    Table 87. Rest of SAM Specification Management Software Market, Revenue and Forecast to 2028 – By Type (USD Mn)

    Table 88. Rest of SAM Specification Management Software Market, Revenue and Forecast to 2028 – By End-Use Industry (USD Mn)

    Table 89. Rest of SAM Specification Management Software Market, Revenue and Forecast to 2028 – By Application (USD Mn)

    Table 90. List of Abbreviation

    LIST OF FIGURES

    Figure 1. Specification Management Software Market Segmentation

    Figure 2. Specification Management Software Market Segmentation – By Geography

    Figure 3. Global Specification Management Software Market Overview

    Figure 4. Cloud-Based Segment is Expected to Dominate the Market by Type

    Figure 5. FMCG Segment held Largest Market Share in 2020

    Figure 6. Packaging Management Segment held Largest Market Share in 2020

    Figure 7. North America held Largest Market Share in 2020

    Figure 8. North America: PEST Analysis

    Figure 9. Europe: PEST Analysis

    Figure 10. APAC: PEST Analysis

    Figure 11. MEA: PEST Analysis

    Figure 12. SAM: PEST Analysis

    Figure 13. Expert Opinion

    Figure 14. Global Specification Management Software Market: Impact Analysis of Drivers and Restraints

    Figure 15. Geographic Overview of Specification Management Software Market

    Figure 16. Specification Management Software Market – Revenue and Forecast to 2028 (USD Million)

    Figure 17. Market Share Analysis

    Figure 18. Specification Management Software Market Revenue Share, by Type (2020 and 2028)

    Figure 19. Cloud-Based: Specification Management Software Market Revenue and Forecast to 2028 (USD Million)

    Figure 20. On-Premises: Specification Management Software Market Revenue and Forecast to 2028 (USD Million)

    Figure 21. Specification Management Software Market Revenue Share, by End-Use Industry (2020 and 2028)

    Figure 22. FMCG: Specification Management Software – Revenue and Forecast to 2028 (USD Million)

    Figure 23. Pharmaceuticals: Specification Management Software Market – Revenue and Forecast to 2028 (USD Million)

    Figure 24. Others: Specification Management Software Market – Revenue and Forecast to 2028 (USD Million)

    Figure 25. Specification Management Software Market Revenue Share, by Application (2020 and 2028)

    Figure 26. Raw Material Management: Specification Management Software – Revenue and Forecast to 2028 (USD Million)

    Figure 27. Formula and Ingredients Management: Specification Management Software Market – Revenue and Forecast to 2028 (USD Million)

    Figure 28. Packaging Management: Specification Management Software Market – Revenue and Forecast to 2028 (USD Million)

    Figure 29. Document Management: Specification Management Software Market – Revenue and Forecast to 2028 (USD Million)

    Figure 30. Others: Specification Management Software Market – Revenue and Forecast to 2028 (USD Million)

    Figure 31. Global Specification Management Software Market Breakdown, by Region, 2020 & 2028 (%)

    Figure 32. North America Specification Management Software Market, Revenue and Forecast to 2028 (USD Mn)

    Figure 33. North America Specification Management Software Market Breakdown, By Type, 2020 & 2028 (%)

    Figure 34. North America Specification Management Software Market Breakdown, By End-Use Industry, 2020 & 2028 (%)

    Figure 35. North America Specification Management Software Market Breakdown, By Application, 2020 & 2028 (%)

    Figure 36. North America Specification Management Software Market Breakdown, by Country, 2020 & 2028 (%)

    Figure 37. US Specification Management Software Market, Revenue and Forecast, 2018–2028 (USD Mn)

    Figure 38. Canada Specification Management Software Market, Revenue and Forecast, 2018–2028 (USD Mn)

    Figure 39. Mexico Specification Management Software Market, Revenue and Forecast, 2018–2028 (USD Mn)

    Figure 40. Europe Specification Management Software Market, Revenue and Forecast To 2028 (USD Mn)

    Figure 41. Europe Specification Management Software Market Breakdown, By Type, 2020 & 2028 (%)

    Figure 42. Europe Specification Management Software Market Breakdown, By End-Use Industry, 2020 & 2028 (%)

    Figure 43. Europe Specification Management Software Market Breakdown, By Application, 2020 & 2028 (%)

    Figure 44. Europe Specification Management Software Market Breakdown, by Country, 2018 & 2027(%)

    Figure 45. UK Specification Management Software Market, Revenue and Forecast, 2018–2028 (USD Mn)

    Figure 46. Germany Specification Management Software Market, Revenue and Forecast, 2018–2028 (USD Mn)

    Figure 47. France Specification Management Software Market, Revenue and Forecast, 2018–2028 (USD Mn)

    Figure 48. Italy Specification Management Software Market, Revenue and Forecast, 2018–2028 (USD Mn)

    Figure 49. Russia Specification Management Software Market, Revenue and Forecast, 2018–2028 (USD Mn)

    Figure 50. Rest of Europe Specification Management Software Market, Revenue and Forecast, 2018–2028 (USD Mn)

    Figure 51. APAC Specification Management Software Market, Revenue and Forecast To 2028 (USD Mn)

    Figure 52. APAC Specification Management Software Market Breakdown, By Type, 2020 & 2028 (%)

    Figure 53. APAC Specification Management Software Market Breakdown, By End-Use Industry, 2020 & 2028 (%)

    Figure 54. APAC Specification Management Software Market Breakdown, By Application, 2020 & 2028 (%)

    Figure 55. APAC Specification Management Software Market Breakdown, by Country, 2020 & 2028 (%)

    Figure 56. China Specification Management Software Market, Revenue and Forecast To 2028 (USD Mn)

    Figure 57. Japan Specification Management Software Market, Revenue and Forecast To 2028 (USD Mn)

    Figure 58. India Specification Management Software Market, Revenue and Forecast To 2028 (USD Mn)

    Figure 59. South Korea Specification Management Software Market, Revenue and Forecast To 2028 (USD Mn)

    Figure 60. Australia Specification Management Software Market, Revenue and Forecast To 2028 (USD Mn)

    Figure 61. Rest of APAC Specification Management Software Market, Revenue and Forecast to 2028 (USD Mn)

    Figure 62. MEA Specification Management Software Market, Revenue and Forecast to 2028 (USD Mn)

    Figure 63. MEA Specification Management Software Market Breakdown, By Type, 2020 & 2028 (%)

    Figure 64. MEA Specification Management Software Market Breakdown, By End-Use Industry, 2020 & 2028 (%)

    Figure 65. MEA Specification Management Software Market Breakdown, By Application, 2020 & 2028 (%)

    Figure 66. MEA Specification Management Software Market Breakdown, By Country, 2020 & 2028 (%)

    Figure 67. Saudi Arabia Specification Management Software Market, Revenue and Forecast To 2028 (USD Mn)

    Figure 68. UAE Specification Management Software Market, Revenue and Forecast To 2028 (USD Mn)

    Figure 69. South Africa Specification Management Software Market, Revenue and Forecast To 2028 (USD Mn)

    Figure 70. Rest of MEA Specification Management Software Market, Revenue and Forecast To 2028 (USD Mn)

    Figure 71. South America Specification Management Software Market, Revenue and Forecast To 2028 (USD Mn)

    Figure 72. South America Specification Management Software Market Breakdown, By Type, 2020 & 2028 (%)

    Figure 73. South America Specification Management Software Market Breakdown, By End-Use Industry, 2020 & 2028 (%)

    Figure 74. South America Specification Management Software Market Breakdown, By Application, 2020 & 2028 (%)

    Figure 75. SAM Specification Management Software Market Breakdown, by Country, 2020 & 2028 (%)

    Figure 76. Brazil Specification Management Software Market, Revenue and Forecast, 2018–2028 (USD Mn)

    Figure 77. Argentina Specification Management Software Market, Revenue and Forecast, 2018–2028 (USD Mn)

    Figure 78. Rest of SAM Specification Management Software Market, Revenue and Forecast, 2018–2028 (USD Mn)

    Figure 79. Impact of COVID-19 Pandemic on Market in North American Countries

    Figure 80. Impact of COVID-19 Pandemic in Europe Country Markets

    Figure 81. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

    Figure 82. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

    Figure 83. Impact of COVID-19 Pandemic in South America Country Markets

    The List of Companies - Specification Management Software Market

    1. Accompa, Inc.
    2. Emerson Electric Co.
    3. ENSUR
    4. Esko
    5. Isolocity
    6. Lascom S.A.
    7. PiLog Group
    8. QADEX
    9. Siemens
    10. Specright LLC
    11. SAP
    • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global specification management software market.
    • Highlights key business priorities in order to assist companies to realign their business strategies.
    • The key findings and recommendations highlight crucial progressive industry trends in the global specification management software market, thereby allowing players across the value chain to develop effective long-term strategies.
    • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
    • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
    • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
    TIPRE00018599
    Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

    Get the Latest COVID-19 Analysis on this market



    Frequently Asked Questions

    Pharmaceutical products are manufactured by combining different types of chemicals or biological substances. The manufacturing process involves a range of unit operations, including granulation, filling, blending, milling, tablet pressing, and coating. The manufacturers need to abide by specific regulations and follow the apt guidelines to maintain the accurate amount of chemicals and sustain their quality. The equipment involved in pharmaceutical manufacturing must be run and maintained as per the good manufacturing practices (GMP). With the continuous rise in demand for medicines/drugs across the world, pharmaceutical companies are investing significantly in the implementation of various IT solutions in different operations.
    Companies in the FMCG, pharmaceuticals, logistics, and manufacturing industries are scaling up their business activities to meet the growing demands, which is one of the key forces driving the adoption of advanced specification management tools. More than 75% of enterprises are planning to foster their digital transformation to recover from the business loss incurred in 2020 due to the COVID-19 pandemic. The enterprises are looking ahead to adopt cost-effective and collaborative solutions to accomplish their predetermined digital goals.
    Packaged food, toiletries, beverages, stationery, cleaning and laundry products, plastic goods, personal care products, and less priced consumer electronics, such as mobile phones and headphones, are examples of fast-moving consumer goods. Customers connect with businesses through different online and offline channels, therefore digitization is quickly becoming a priority for FMCG brands.
    Packaging across FMCG and pharmaceutical products as per standards should convey important information to its consumers. For instance, a drug packaging should include a description of the product's medicinal form, strength, and, if appropriate, method of application; the pack size, which is expressed in terms of the number, weight, or volume of the product in the final container. Similarly, for smoking products, there are specification to be included in the packaging of the product such as caution statement and picture for heath in smoking products should cover 80% of its packaging.
    The US, Canada, and Mexico are the key contributors to the specification management software market in North America. North America is one of the frontrunners in terms of developing and accepting new and advanced technologies across all markets, including consumer products and pharmaceuticals. The significant adoption of technologies in the last five years across the industries to automate processes and simplify other management operations has fueled the demand for specification management software in the region.
    The trend of using advanced technologies is prevailing across the world. Due to rising business activities in pharmaceutical, food & beverages, consumer goods, and manufacturing industries globally, the adoption of advanced specification management tools is ready to capture the attention of massive end users. Furthermore, it has been observed that more than 75% of enterprises are planning to foster their digital transformation to have business recovery out of 2020. The enterprises are looking forward to adopting collaborative and cost-effective solutions to achieve their pre-determined digital goals.

    Pricing
    • $3000
    • $4550
    • $6550
    • $8550

        GET FREE SAMPLE PDF

    Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis.

        Inquire for Discount   Speak to Analyst