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Quality Management Software Market Size,Regional Status and Outlook (2024-2031)
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Market Dynamics
Technological advancements enable QMS solutions to become more powerful, versatile and user-friendly, which in turn attracts more organizations to adopt these tools. Modern QMS solutions leverage advanced data analytics techniques to provide deeper insights into quality-related data. It allows organizations to identify trends, patterns and potential issues more effectively. Predictive analytics can help anticipate quality issues before they occur, leading to proactive problem-solving and better decision-making.According to the information published on the September 1, 2021, Cloud everything: According to the Gartner, global spending on public cloud services will be up by 18.4% in 2021 and hit USD 304.9 billion that is fueled by uptick in demand for off-premise services. Cloud native offers highest level of security and flexibility.
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Segment Analysis
Many industries are subject to strict regulations regarding complaint management and reporting. Complaint handling software helps organizations track, document and report customer complaints, ensuring compliance with industry standards and regulations. Complaint handling software collects and analyzes data from customer complaints, providing valuable insights into recurring issues, trends and patterns. It data can guide process improvements and product enhancements.Increase in the product launches of the complaint handelling softwares and increase in the Government initiative to promote this software helps to boost segment growth over the forecast period. For instance, on November 03, 2022, PM Modi launched new Complaint Management System portal of central vigilance commission. The new launched portal helps to provide end-to-end information to the citizens through regular updates on the status of their complaints.
Competitive Landscape
The major global players in the market include Arena Solutions, Inc., Cority Software Inc., Dassault Systemes SE, EtQ Management Consultants, Inc., Ideagen Plc., Intelex Technologies, MasterControl, Inc., MetricStream, Inc., Microsoft Corporation and Oracle Corporation.
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