Major Market Shift in Quality Management Software Industry: Intellect's AI-Powered QMS Revolutionizing Quality Management Software

What Is the Forecasted Market Size and Growth Rate for the Quality Management Software Market?
Over the past few years, there has been a swift expansion in the size of the quality management software market. It is projected to surge from $11.69 billion in 2024 to $13.31 billion in 2025, marking a compound annual growth rate (CAGR) of 13.9%. The notable growth during the historic period can be linked with the increasing use of smart devices, the rising demand in the quality management software sector, on-site implementation of the software, heightened awareness among manufacturers, and a growing number of enterprises.

In the coming years, the quality management software market is projected to experience swift expansion, reaching a worth of $22.12 billion by 2029 with a 13.5% compound annual growth rate (CAGR). This growth is attributed to factors such as increasing demand for business process centralization and optimization, emergence of cloud-based digital quality management systems, escalating significance of quality assurance, rapid progress of digitalization, and stringent regulatory compliance demands. Noteworthy trends anticipated during the projection period include the rising introduction of novel technologies, enhancements in the software's capabilities, integration of AI and ML technologies, the launch of innovative products, and the continuous development of new features in the software.

What Is Stimulating Growth in the Quality Management Software Market?
The escalating consciousness among consumers about the safety and quality of products is predicted to propel the quality management software market's progress forward. The expanding comprehension and recognition of consumers about the products' safety and quality specifications they buy is what constitutes consumer awareness. The rise in such awareness is attributed to the availability of information, high-profile product recall incidences, advocacy groups for consumers, and initiatives for corporate transparency. Quality management software plays a pivotal role in cultivating this awareness by guaranteeing regulatory compliance, facilitating transparency, swiftly addressing quality issues, backing continuous improvement initiatives, and improving customer communication. For example, a survey conducted by Qualtrics, a cloud-based survey platform based in the US, among 2,000 U.S. consumers about their perception of brand and customer experience revealed that approximately 64% of consumers prefer choosing a brand due to its treatment of employees during the pandemic, whereas a brand with strong safety measures attracts 55% of consumers. Consequently, the surge in consumer safety and product quality awareness is fostering growth in the quality management software market.

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Which Businesses Are at the Forefront of Quality Management Software Market Development?
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

What Are the Latest Innovations in the Quality Management Software Market?
Leading firms in the quality management software industry are concentrating on creating innovative software solutions, including AI-driven QMS programs, as a strategic move to stay competitive. AI-fueled quality management software utilizes artificial intelligence technology and machine learning models to improve quality management operations. Such systems are capable of processing massive amounts of data, recognizing patterns, and suggesting data-guided actions to boost quality and operational efficiency. For example, Intellect, an American software company, introduced an AI-powered QMS in September 2023 which highlighted its advantages in upgrading quality and safety, saving time, lessening errors, and enhancing decision-making processes. This AI-led QMS is highly customizable and supports initiatives in quality management by elevating productivity, quality, and efficiency, and providing benefits like preparedness for audits, risk evaluation, automation, valuable insights, and time conservation capabilities.

How Is the Quality Management Software Market Segmented?
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

Subsegments:
1) By Document Control: Document Creation And Editing, Document Distribution And Access Control, Document Archiving And Retrieval, Version Control And Audit Trails, Compliance Management, Document Approval Workflows
2) By Non-Conformances Or Corrective And Preventative Actions (Capa): Non-Conformance Tracking And Reporting, Root Cause Analysis Tools, Corrective Action Implementation, Preventive Action Planning, Capa Reporting And Analytics, Capa Workflow Automation
3) By Complaint Handling: Complaint Intake And Logging, Complaint Investigation Management, Complaint Resolution And Reporting, Customer Feedback Integration, Regulatory Reporting, Trend Analysis And Root Cause
4) By Employee Training: Training Needs Assessment, Training Content Management, Certification And Compliance Tracking, Learning Management Systems, Employee Performance Evaluation, Training Records Management
5) By Audit Management: Audit Scheduling And Planning, Audit Checklists And Templates, Audit Findings Tracking, Audit Reporting And Documentation, Internal And External Audit Management, Corrective Actions And Follow-Up
6) By Supplier Quality Management: Supplier Evaluation And Selection, Supplier Performance Monitoring, Supplier Audits And Inspections, Supplier Risk Management, Supplier Quality Reporting, Supplier Compliance Management
7) By Calibration Management: Calibration Scheduling And Tracking, Calibration Workflows And Approvals, Equipment Calibration Records, Calibration Data Logging And Reporting, Equipment Maintenance And Calibration History, Compliance With Regulatory Standards
8) By Change Management: Change Request Management, Change Impact Analysis, Change Approval And Implementation, Change Tracking And Documentation, Change Communication And Reporting, Regulatory Compliance For Changes
9) By Other Solutions - Direct Use: Risk Management And Mitigation, Regulatory Compliance Management, Quality Control And Quality Assurance, Product Lifecycle Management, Performance Monitoring And Reporting, Data Analytics And Quality Metrics Dashboards

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Where Is the Quality Management Software Market Growth Most Prominent?
North America was the largest region in the quality management software market in 2024. The regions covered in the quality management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Quality Management Software Global Market Report?

- Market Size Analysis: Analyze the Quality Management Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Quality Management Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Quality Management Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Quality Management Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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