Press release
Quality Management Software Market Likely to Emerge over a Period of 2018 - 2023 with CAGR 15.2%
Quality Management Software Market
According to a new market research report titled, ‘Quality Management Software Market’, added on Reports Monitor. The report has been processed based on a comprehensive analysis with inputs from industry experts. The report presents the market scenario and its potential growth prospects during the forecast period. In addition, the report consists of the list of the leading players operating in the market.
The global Quality Management Software market is valued at 6200 million USD in 2017 and is expected to reach 14500 million USD by the end of 2023, growing at a CAGR of 15.2% between 2017 and 2023.
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“Quality management ensures that an organization, product or service is consistent. It has four main components: quality planning, quality assurance, quality control and quality improvement. Quality management is focused not only on product and service quality, but also on the means to achieve it. Quality management, therefore, uses quality assurance and control of processes as well as products to achieve more consistent quality.”
Quality management software (QMS) solutions available in the market today provide a host of functionalities, including nonconformance, complaint handling, document control, calibration, and change management, among others, making it an essential tool for an organization’s overall quality control. Industries such as manufacturing, Healthcare & life sciences, and IT & telecom are adopting QMS solutions at a rapid rate. Other end-use industries include Automotive, Defense & Aerospace, Retail Industry etc.
The North American region dominated the QMS market with about 44.53% market share in 2017, owing to the large-scale adoption of safety and compliance standards in the healthcare industry and a steep rise in the adoption of ISO 9000 principles seen in recent years. The Asia Pacific region is anticipated to experience a surge in the demand for quality management software over the forecast period and is expected to grow at a CAGR of 16.75% over the next eight years. The European regional market is in the maturity stage and is projected to lose share over the next eight years.
Autodesk Inc., MasterControl, Inc., Oracle, Siemens, and SAP SE are some of the major market players in this domain. Other key vendors include Dassault Systemes SE, Aras Corporation, Arena Solutions Inc., Parasoft Corporation and Hewlett-Packard Enterprise Co. The presence of a large number of solution providers in the market is expected to create intense competition among players. In order to maintain their position in the market, companies are launching products with additional functionalities, advanced features, and cross platform integration. In addition, product differentiation and upgrades are anticipated to pave the way for competitive advantage for companies in the market.
Scope of the Report:
Some of the major key players functioning in the Quality Management Software Market Report include: IQS, Inc, MasterControl, Inc, EtQ, Intelex Technologies, Pilgrim Quality Solutions, MetricStream Inc, Sparta Systems, Inc, SAP SE, Arena Solutions Inc, Autodesk Inc., Oracle, Aras, AssurX, Inc, Plex Systems, Inc, IQMS, Inc, Unipoint Software, Inc, Ideagen Plc, Dassault Systèmes SE, Siemens AG, Micro Focus.
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The report also provides regional level market analysis and outlook for: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The Quality Management Software Market consists of data accumulated from numerous primary and secondary sources. This information has been verified and validated by the industry analysts, thus providing significant insights to the researchers, analysts, managers, and other industry professionals.
Most important types of Quality Management Software products covered in this report are:
On Premise, Cloud-Based.
Most widely used downstream fields of Quality Management Software market covered in this report are:
IT & Telecom, Manufacturing, Healthcare and Life Science, Other.
The report provides an overview of the Quality Management Software Market, consisting of product definitions, classifications, applications, segmentation, comprehensive analysis, and the industry chain structure. It also includes several factors such as the market dynamics, ranging from the basics to advanced market intelligence, which helps the companies in expanding their footprint over the market.
Additional Information:
Regulatory scenario
Pricing analysis
Micro and Macroeconomic indicators.
There are 13 Chapters to thoroughly display the Quality Management Software market. This report included the analysis of market overview, market characteristics, industry chain, competition landscape, historical and future data by types, applications and regions.
Chapter 1: Quality Management Software Market Overview, Product Overview, Market Segmentation, Market Overview of Regions, Market Dynamics, Limitations, Opportunities and Industry News and Policies.
Chapter 2: Quality Management Software Industry Chain Analysis, Upstream Raw Material Suppliers, Major Players, Production Process Analysis, Cost Analysis, Market Channels and Major Downstream Buyers.
Chapter 3: Value Analysis, Production, Growth Rate and Price Analysis by Type of Quality Management Software.
Chapter 4: Downstream Characteristics, Consumption and Market Share by Application of Quality Management Software.
Chapter 5: Production Volume, Price, Gross Margin, and Revenue ($) of Quality Management Software by Regions (2013-2018).
Chapter 6: Quality Management Software Production, Consumption, Export and Import by Regions (2013-2018).
Chapter 7: Quality Management Software Market Status and SWOT Analysis by Regions…Continued
Browse Complete Report with TOC of Quality Management Software Market Report, Visit: https://www.reportsmonitor.com/report/104840/Quality-Management-Software-Market
In the end, Quality Management Software Industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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ReportsMonitor.com is a market intelligence and consulting firm with extensive experience and knowledge of the Market Research industry. Our aim is to change the dynamics of the Market Research industry by providing quality intelligence backed by data. Your requirement for market forecasting is fulfilled by our exclusive quantitative and analytics driven intelligence. Decision makers can now rely on our distinct data gathering methods to get factual market forecasting and detailed analysis.
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Mr. Jay Matthews
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