Quality Management Software Global Market Analysis, Trends, Growth, Research And Forecast 2033

The new report published by The Business Research Company, titled Quality Management Software Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the quality management software market size has grown rapidly in recent years. It will grow from $10.32 billion in 2023 to $11.69 billion in 2024 at a compound annual growth rate (CAGR) of 13.3%. The quality management software market size is expected to see rapid growth in the next few years. It will grow to $19.49 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%.

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Consumer Awareness Driving Growth In Quality Management Software Market
The increasing consumer awareness of product safety and quality is expected to drive the growth of the quality management software market going forward. Consumer awareness of product safety and quality represents the increasing recognition and understanding among consumers regarding the safety and quality standards of the products they purchase. The growing consumer awareness of product safety and quality is due to information accessibility, high-profile product recalls, consumer advocacy groups, and corporate transparency initiatives. Quality management software is critical in fostering consumer awareness of product safety and quality by ensuring regulatory compliance, promoting transparency, enabling rapid response to quality issues, supporting continuous improvement initiatives, and enhancing communication with consumers. For instance, according to a survey among 2,000 U.S. consumers about what they thought about customer and brand experience by Qualtrics, a US-based cloud-based survey platform, around 64% of consumers are more likely to choose a brand based on how they have treated their employees during the pandemic, while 55% are more likely to choose a brand that has implemented strong safety measures. Therefore, the growing consumer awareness of product safety and quality drives growth in the quality management software market.

Intellect's AI-Powered QMS Revolutionizing Quality Management Software
Major companies operating in the quality management software market are focusing on developing advanced software solutions, such as AI-powered QMS software, to gain a competitive edge in the market. AI-powered quality management software (QMS) uses artificial intelligence (AI) and machine learning algorithms to enhance quality management processes. These systems can analyze large datasets, identify patterns, and make data-driven recommendations to improve quality and efficiency. For instance, in September 2023, Intellect, a US-based software company, launched AI-powered QMS software, emphasizing its benefits in enhancing quality and safety, saving time, reducing errors, and improving decision-making. The AI-powered QMS is highly configurable, driving productivity, quality, and efficiency in quality management initiatives, offering features like audit readiness, risk assessments, automation, insights, and time-saving capabilities.

The quality management software market covered in this report is segmented -

1) By Solution: Document Control, Non-Conformances Or Corrective And Preventative, Complaint Handling, Employee Training, Audit Management, Supplier Quality Management, Calibration Management, Change Management, Other Solutions
2) By Deployment: Cloud, On-Premise
3) By Organization Size: Small And Medium Enterprise (SME), Large Enterprise
4) By End Use: Information Technology And Telecom, Transportation And Logistics, Consumer Goods And Retail, Defense And Aerospace, Manufacturing, Healthcare, Other End-Uses

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Major companies operating in the quality management software market are Microsoft Corporation, Amazon Web Services Inc., Siemens AG, Hewlett-Packard Company, Cisco Systems Inc., Oracle Corporation, Broadcom Inc., Adobe Systems Inc., ServiceNow Inc., Dassault Systemes SE, Autodesk Inc., OpenText Corporation, Citrix Systems Inc., SAP SE, Atlassian Corporation Plc, Splunk Inc., IFS AB, Zendesk Inc., Zoho Corporation, Freshworks Inc., Arena Solutions Inc., Sparta Systems Inc., Intelex Technologies Inc., MasterControl Inc., Aras Corporation

Contents of the report:
1. Executive Summary
2. Quality Management Software Market Report Structure
3. Quality Management Software Market Trends And Strategies
4. Quality Management Software Market - Macro Economic Scenario
5. Quality Management Software Market Size And Growth
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27. Quality Management Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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