Quality Management Market to Show Strong Growth by 2027 | IQS, MasterControl, EtQ, Intelex Technologies, Pilgrim Quality Solution, MetricStream, Sparta Systems, SAP SE, Arena Solutions, Autodesk, Oracle, Aras, AssurX, Plex Systems, IQMS, Unipoint Software
What's keeping 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, and Siemens AG, Micro Focus. Ahead in the Market? Benchmark yourself with strategic steps and conclusions recently published by SMI
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Quality management is advanced software that helps in overseeing all activities and tasks required to maintain an optimum level of excellence and this covers creating and implementing quality planning and assurance, and quality control and improvement. In short, it is also referred to as total quality management (TQM) and it focuses on long-term goals by implementation of short-term initiatives. Moreover, quality management helps to improve productivity, efficiency, and customer satisfaction.
The increasing importance of quality assurance and customer-centric production is primarily fueling the market growth of quality management. Moreover, rising demand for to streamline the quality management tasks and eliminate the user-dependency for achieving the maximum benefits is further projected to propel the market growth of Quality management. For instance, in December 2019, Discover e-Solutions (DeSL), the leading provider of end-to-end software solutions for the fashion, apparel, textile, and footwear sectors, has launched the total quality management software. The new innovative software provides powerful tools to accurately oversee and maintain the highest levels of quality and standards for fashion manufacturers.
From the geographical perspective, North America is expected to gain significant growth over the forecast period and this can be attributed to increasing adoption of quality management software in the healthcare industry. Also, rising spending by the U.S government in the healthcare industry is further expected to propel the market growth. Johns Hopkins Bloomberg School of Public Health, the U.S. remains an outlier in terms of per capita health care spending, which was $9,892 in 2016. This factor is expected to foster regional market growth.
Governments of various countries have implemented various standards and regulations for 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. International Organization for Standardization, BSI Group, Food and Drug Administration, and Food Safety and Standards Authority of India are some of the government or non-profit organizations, which have set standards for product quality.
International Organization for Standardization: - The International Organization for Standardization is a Switzerland based non- government organization that has set worldwide industrial and commercial standards and works in 162 countries.
Furthermore, BSI Group: - British Standards Institution is a U.K.-based national standard body that makes technical standards on a wide range of product and services.
Moreover, Food Safety and Standards Authority of India: - The Food Safety and Standards Authority of India is an India-based autonomous body, which is responsible for promoting and protecting the health of the public through regulations and supervision of food safety.
To meet these standards for product and reduce product waste and cost, it is important for organizations to install quality management software or solutions in their process structure, which helps them in achieving these standards and also reduce process time.
The report covers major players operating in the Quality Management market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities.
The Key Manufacturers covered in this Report:-
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, and Siemens AG, Micro Focus.
• Global Quality Management Market, By Type:
o Non-Conformances/ Corrective and Preventive
o Audit Management
o Quality Management
o Supplier Management
o Change Management
• Global Quality Management Market, By Application:
o IT & Telecommunications
• Global Quality Management Market, By Deployment:
• Global Quality Management Market, By Organization Size:
o Small & Medium Enterprises (SMEs)
o Large Enterprises
The key strategic developments of the Quality Management market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the Quality Management market on a global and regional basis.The study provides a decisive view on the Quality Management market by segmenting the market based on product, end-user, and regions. All the segments have been analyzed based on present and future trends and the Quality Management market is estimated from 2020 to 2027. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa with its further bifurcation into major countries.
Global Quality Management Market Report includes Detailed TOC points:
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Overview Of Global Quality Management Market
2 Market Segmentation
3 Market Overview
3.1 Rising Government Initiatives
3.2 Strategic Initiative By Market Players
4 Executive Summaries
5 Premium Insights
6 Regulatory Procedure
7 Global Quality Management Market, By Type
8 Global Quality Management Market, by Application
9 Global Quality Management Market, By Deployment
10 Global Quality Management Market, By End User
11 Global Quality Management Market, By Distribution Channel
12 Global Quality Management Market, Company Landscape
13 Company Profile
13.1 Company Snapshot
13.2 Revenue Analysis
13.3 Company Share Analysis
13.4 Product Portfolio
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