The global quality management software market is estimated to
reach USD 12.63 billion by 2024, according to a new report by Grand View
Research, Inc. The increasing advancement in the functionality of solution is
anticipated to boost the industry growth over the forecast period.
Quality Management Software (QMS)
is used to better manage and control quality concerns regarding performance,
customer satisfaction, and competitiveness of the organization. This is done by
the controlling processes as well as products for consistent quality assurance,
reduction in the quality gap between manufacturing practices and end-product
expectations, tracking of deviations, and ensuring compliances.
The QMS market is expected to
witness a tremendous growth due to the increasing demand for the effective
management of organizational processes and the need for meeting consumer
expectations in a highly competitive market. The growing technology
advancements in IT and telecom as well as the automation of the transportation
and logistics industries are driving the market growth.
Quality management software
offers numerous functionalities including the handling of non-conformances, out
of specification test results, calibration, ensuring compliance, as well as a
centralized system that ensures connection to organizations’ ERP and CRM
systems. All these capabilities, coupled with the reduction in the costs, are
energizing the adoption of quality management software across a wide range of
industries.
The flexibility and mobility
offered by the quality management software in solutions such as document
control and non-conformances’ issue resolving are driving the demand for QMS
software in large enterprises, contributing to the addition of new
functionalities to the software every day. The increasing demand for
cloud-based QMS solutions due to implied scalability and accessibility is a
major factor for increasing the popularity of the quality management software.
Browse full research report on Quality Management
Software Market: http://www.grandviewresearch.com/industry-analysis/quality-management-software-market
Further key findings from
the report suggest:
- The cloud technology is becoming popular among
cost-sensitive customers and small & medium enterprises. The numerous
benefits that the cloud-based quality management software offers without
incurring additional costs are helping the market grow. Quality management
software is also being adopted by the small- and medium-sized enterprises.
- Globalization and the need for complying with
international standards for products as well as processes have brought
about the necessity of quality management systems to deal with the
increased pressure of numerous regulations and directives. This is an important
factor affecting the spread of versatile and customized quality management
solutions across industries.
- Master Control, Inc., Sparta Systems, Inc., SAP SE,
and Siemens AG are some of the major industry players in this domain.
Other key vendors include Aras Corporation, Arena Solutions Inc., Autodesk
Inc., Dassault Systeme SE, PSC
Biotech Corp., Oracle Corporation, Parasoft Corporation, Microsoft
Corporation, and Hewlett-Packard Enterprise Co.
Browse more reports of this category by Grand View
Research : http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the quality management software
market on the basis of application, solution, deployment, company size and
region:
Application Outlook (Revenue, USD Million; 2014 - 2024)
- IT and
telecom
- Transportation
and logistics
- Consumer
goods and retail
- Defence
and aerospace
- Manufacturing
- Healthcare
- Other
Solution Outlook (Revenue, USD Million; 2014 - 2024)
- Document
control
- Non-conformances
/ corrective & preventative
- Complaint
handling
- Employee
training
- Audit
management
- Supplier
quality management
- Calibration
management
- Change
management
- Other
Deployment Outlook (Revenue, USD Million; 2014 - 2024)
- Cloud
- On-premise
Company Size Outlook (Revenue, USD Million; 2014 - 2024)
- Small
and Medium Enterprise (SME)
- Large
enterprise
Regional Outlook (Revenue, USD Million; 2014 - 2024)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- China
- Japan
- India
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa (MEA)
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.