Quality Management Software Market, Competitors Strategy, Regional Analysis and Growth Forecast to 2027
Quality
Management Software Market Highlights:
The global quality management software market
2020 can touch an attractive valuation of USD 12 billion by 2023, reckons
Market Research Future (MRFR). MRFR believes that the market can achieve a CAGR
of 12.67% from 2017 to 2023 (forecast period).
Quality management software is in high demand
on account of the numerous functionalities it offers, such as out of
specification test results, handling of non-conformances, ensuring compliance,
calibration, and a centralized system that helps ensure the connection to
organizations’ Enterprise Resource Planning (ERP) as well as Customer
Relationship Management (CRM) systems. Along with these capabilities, the
ability to reduce costs also boosts the adoption of Quality Management Software Market across a variety of industries around the
globe.
The QMS market can note tremendous growth in
the near future, owing to the skyrocketing demand for the efficacious
management of organizational processes coupled with the rising need to meet
with consumer requirements in an intensely competitive market. Technological
developments in IT and telecom combined with the automation of the logistics
and transportation industry can also spell success for the market during the
review period.
Cloud technology has been a hot property since
its inception and has been a big hit among the cost-sensitive customers as well
as small and medium enterprises. The use of cloud-based QMS offers without the
incurrence of any additional cost can boost its demand in the market.
Therefore, the rising demand for cloud-based QMS solutions can be a major
growth booster in the quality management software market in subsequent years.
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Leading Companies:
The prominent companies inducing the growth of
the global market for quality management software include Pilgrim Quality
Solutions, Inc. (U.S.), IQS, Inc. (U.S.), MasterControl, Inc. (U.S.),
MetricStream, Inc. (U.S.), Plex Systems, Inc. (U.S.), Intelex Technologies,
Inc.(Canada), IBM Corporation (U.S.), SAP SE (Germany), AssurX, Inc.(U.S.),
Autodesk Inc,(U.S.), Arena Solutions, Inc. (U.S.), Hewlett Packard Enterprise
(U.S.), Sparta Systems, Inc. (U.S.), General Electric Company (U.S.), QUMAS
(U.S.), and others.
Market Segmentation:
The market for quality management software has
been dissected depending on solution type, deployment, organization type, and
industry.
·
The solution types discussed are complaint
management, document management, audit management, EH&S Management, CAPA
management, supplier quality management, training management, change control,
product registration, and others.
·
Quality management software is either deployed
on-cloud or on-premise.
·
Depending on the organization size, the market
segments are small and medium enterprises (SMEs) as well as large enterprises.
·
Quality management software finds use in a
variety of industries like manufacturing, retail, IT & telecommunications,
aerospace, healthcare, oil and gas, transportation, and others. In the
healthcare industry, quality management software has gained significant
momentum on account of the expanding population along with the increasing costs
associated with healthcare. Healthcare makes extensive use of this technology
to enhance patient satisfaction as well as service.
Regional Insight:
Europe, Asia Pacific (APAC), the Middle East
and Africa (MEA), as well as North America, are the primary regions across
which the quality management software market is projected to expand during the evaluation
timeframe.
North America is the ruling market for quality
management software, thanks to the early adoption of the latest technologies by
renowned companies and rapid technological advancements. The mounting demand
for safety, as well as amenability standards within the healthcare industry,
can also benefit the regional market in the years to come.
APAC is all set to note an expeditious growth
in the following years, on account of the elevating efficiency of businesses
coupled with the higher focus on fulfilling customer demands. Emerging
countries like India, China, and Taiwan are major adopters of quality
management software in the region. The regional market also gets a significant
boost from the rising deployment of cloud-based services, given the growing
need for flexibility, scalability, and optimized processes.
The European market for quality management
software shows the potential to achieve substantial traction in the near
future, backed by the increasing regulatory regional pressure as well as the
rising number of reforms in the EU aimed at protecting data in enterprises.
Table of
Contents
1 Executive
Summary
2 Scope of
The Report
2.1 Market
Definition
2.2 Scope of The
Study
2.2.1 Research
Objectives
2.2.2 Assumptions
& Limitations
2.3 Markets
Structure
3 Market
Research Methodology
3.1 Research
Process
3.2 Secondary
Research
3.3 Primary
Research
3.4 Forecast Model
Continued…
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List of
Tables
Table 1 Global
Quality Management Software Market: By Region, 2017-2023
Table 2 North
America Quality Management Software Market: By Country, 2017-2023
Table 3 Europe
Quality Management Software Market: By Country, 2017-2023
Table 4 Asia
Pacific Quality Management Software Market: By Country, 2017-2023
Table 5 The Middle
East & Africa Quality Management Software Market: By Country, 2017-2023
Continued…
List of
Figures
Figure 1 Global
Quality Management Software Market Segmentation
Figure 2 Forecast
Methodology
Figure 3 Five
Forces Analysis of Global Quality Management Software Market
Figure 4 Value
Chain of Global Quality Management Software Market
Figure 5 Share of
Global Quality Management Software Market In 2017, By Country (In %)
Continued…
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