Global Quality Management Market - Size, Business Overview, Price and Gross Margin to 2027

Quality management software aids organizations to maintain quality of product or services it offers. Increasing competition and government regulations for quality measures is propelling organizations across various industries to adopt effective quality management software. This is expected to aid in growth of the market.

Governments of various countries have implemented various standards and regulations for maintaining product quality and this is one of the major factors increasing demand for quality management software in various verticals such as healthcare, automotive, telecommunication, and consumer goods.

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The Top Key Players Operating Are: IQS Enterprise Quality Management and Compliance Software, MasterControl, Inc., EtQ, Intelex Technologies, Pilgrim Quality Solution, MetricStream Inc., Sparta Systems, Inc., SAP SE, Arena Solutions Inc., Autodesk Inc., Oracle Corporation, Aras, AssurX, Inc., Plex Systems, Inc., IQMS, Inc., Unipoint Software, Inc., Ideagen Plc, Dassault Système SE, Siemens AG, and Micro Focus.

Regional Analysis:
On the basis of geography, global quality management market is segmented into North America, Europe, Asia Pacific, Middle East, and Africa. Quality management market in North America held the dominant position in 2016 and is expected to retain its dominance over the forecast period. The quality management market in this region is projected to reach US$ 8,489.93 million by 2023.

Asia Pacific quality management market is projected to exhibit the highest CAGR of 13.2% during the forecast period. The manufacturing sector has to keep up with the growing demand for products and services. Therefore, smart technology incorporated manufacturing will help companies in this region to increase their productivity. This is expected to propel growth of the manufacturing sector in the region.

However, increasing concerns related to data security and privacy in cloud- or SaaS-based solutions is a major factor hindering growth of the quality management market, globally. Data breaches, hacking of accounts, insider threat, malware injection, abuse of cloud services, insecure APIs, denial of service attacks, insufficient due diligence, shared vulnerabilities, data loss are some of the cloud based security concerns, which is negatively affecting adoption of cloud-based quality management software.

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