Quality Management Software Market Outlook and Industry Analysis by Revenue and Growth Rate by Top Key Players – Intelex Technologies, Pilgrim Quality Solutions, MetricStream Inc, Sparta Systems, Inc, SAP SE, Arena Solutions Inc
This report studies the Quality Management Software market. Quality management Software is software for quality management. 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.
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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 and 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.
In 2018, the global Quality Management Software market size was 6200 million US$ and it is expected to reach 17200 million US$ by the end of 2025, with a CAGR of 13.6% during 2019-2025.
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The following manufacturers are covered in this report:
Pilgrim Quality Solutions
Sparta Systems, Inc
Arena Solutions Inc
Aras and many more……
Market segment by Type, the product can be split into
Market segment by Application, split into
IT & Telecom
Healthcare and Life Science
The study objectives of this report are:
To analyze global Quality Management Software status, future forecast, growth opportunity, key market and key players.
To present the Quality Management Software development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
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