Quality Management Software Market : Business Development Analysis and Future Challenges by 2025
In order to improve operational visibility and productivity of the quality assurance process, service and product driven organizations require quality management software. The quality management software offers a variety of functions such as document control, nonconformance, calibration, change management, and complaint handling, among others, making it an indispensable utility for an organization’s overall quality control.
On the basis of application, the market can be segmented into consumer goods and retail, IT and telecom, defense and aerospace, manufacturing, transportation and logistics, healthcare, and others. Cloud and on-premise are the segments based on deployment in the market. Based on solution, the market is can be further classified into non-conformances / corrective & preventative, audit management, supplier quality management, document control, calibration management, complaint handling, change management, employee training, and other.
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In the report, TMR Research presents a thorough analysis of drivers and restrictions in the global quality management software market. It also provides insight to the various segments and regions of the market.
Global Quality Management Software Market: Trends and Prospects
Globalization of marketplaces, the growing importance of standards’ and regulations’ compliance, increased concentration of organizations on meeting customer demands and improving the efficiency of businesses, and the growing demand for cloud-based QMS solutions due to implied accessibility and scalability are the major factors affecting the global quality management software market in a favorable way.
The manufacturing and transportation and logistics segment account for a large market share, and is expected to lead the market in the coming years as well. The demand is always constant from these sectors due to the strong demand for quality management software owing to the stringent regulations as well as the complex processes and integrated business systems.
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Currently, the on-premise deployment segment is the key contributor to the market share, however, in the coming years the demand for cloud-based deployment is expected increase as more and more companies are moving to cloud.
The non-conformance/ corrective & preventive and document control solution segment is expected to lead the market in the forecast period. Large organizations have to mandatory maintain quality adherence in these processes, thereby increasing the demand growth.
Owing to the growing adoption of standard complaint handling processes and tools, the complaint handling segment is projected to further grow to become the market leader over the said period.
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Global Quality Management Software Market: Regional Analysis
The global quality management software market can be geographically segmented into Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa. North America and Europe are expected to be the key contributors to the market, and are projected to dominate the market over the forecast period. Early adoption of software and implementation of international standards by industries are the factors supplementing the growth of the market in this region.
Asia Pacific is another promising region exhibiting lucrative opportunities for the quality management software market. The reasons for the fast development in this region include the growing awareness about standard compliance, availability of quality management software and presence of small and medium enterprises. Plus, emerging economies such as China and India are expected to fuel the growth of the market.
Global Quality Management Software Market: Key Players
The report profiles key players operating in the global quality management software market based on various attributes such as financial overview, business strategies, company overview, and recent developments. Hewlett-Packard Enterprise Co., PSC Biotech Corp., Sparta Systems, Inc., SAP SE, Parasoft Corporation, MasterControl, Inc., Siemens AG, Aras Corporation, Autodesk Inc., Dassault Systemes SE, Arena Solutions Inc., Oracle Corporation, and Microsoft Corporation are some of the prominent players in the market.
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