Quality Management Software Market By Solution Type (Audit Management, Document Management, Supply Quality Management, Education & Training, Compliance Management, Corrective And Preventive Action And Others ), By Deployment Model (On-Premise, Hosted, Managed Services), By Industry Vertical (It & Telecom, Government, Power & Utilities, Aerospace, Healthcare, Manufacturing, Transportation, Consumer Goods, Oil & Gas) - Growth, Future Prospects And Competitive Analysis 2015 – 2025

Quality management systems refer to a set of the software comprising various solutions for audit management, document handling, training, and other quality processes. The principal aim behind deploying quality management software is to ensure all business processes are carried out without errors, thereby obtaining quality output. Quality management software is designed for implementation across the entire value chain of the organization to ensure the end product is up to the mark and complies with regulations and quality standards.

Quality management software is among the integral components of manufacturing and healthcare industry verticals. The market is primarily driven by their superior benefits over conventional manual process management. Rapidly growing competition across different industry verticals has forced companies to adopt viable quality management solutions so as to ensure the superior value of their final output.

Another major factor fueling the market growth is the consistently rising number of regulations across different industry verticals. Complying with the standards and regulations is one of the major concerns for organizations operating in the manufacturing and healthcare sectors. Using quality management solutions helps organizations feasibly comply with standards and regulations, thereby sustaining the ever-increasing competition in the industry.

Nevertheless, a major challenge for the market is the high initial costs of deploying quality management software. Many organizations across the world are still hesitant to deploy quality management software, mostly due to its high initial costs. However, due to the advent of cloud-based and on-demand solutions, the impact is estimated to subside in the coming years.

The report titled "Global Quality Management Software Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the global quality management software market along with the market size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of market segments based on solution type, deployment model, and application and a cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading quality management software vendors, their business strategy analysis, market positioning, and key developments. Some of the major players profiled in the report are Pilgrim Quality Solutions, Inc., Sparta Systems, Inc., IQS, Inc., MasterControl, Inc., MetricStream, Inc., SAP SE, Plex Systems, Inc., Arena Solutions, Inc., Intelex Technologies, Inc., QUMAS, General Electric Company, IQMS, Inc., AssurX, Inc., and others.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the quality management software industry
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015–2016)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global quality management software market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

Based on the application, the global quality management software market is segmented into the following categories:

  • On-premise QMS
  • Hosted QMS
  • Managed QMS

As of 2016, the global quality management software market is dominated by the consumer on-premise QMS segment. The segment contributed to nearly sixty percent of the overall market revenue generated worldwide. The on-premise QMS comprises hardware equipment such as servers, computer systems, and other related equipment. Subsequently, the overall cost of the system becomes exceptionally high as compared to the hosted or managed solutions. Most companies prefer on-premise solutions to ensure the safety of their data. As a result, the segment would continue to dominate the market throughout the forecast period.

However, with the growing focus of the companies on reducing their overheads, the hosted and managed services segments are set to exhibit the highest growth during the forecast period. An increasing shift towards cloud-based solutions has ensured the emergence of rugged security solutions. This would elevate the confidence in cloud-based QMS solutions, thereby driving the segment's growth.

Based on geography, the global quality management software market is segmented into the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • South Asia
  • Rest of Asia Pacific
  • Rest of the World (RoW)
  • Middle East and Africa (MEA)
  • Latin America

As of 2016, the overall quality management software market worldwide is collectively led by the North American and Europe regions. The two regions collectively contribute to more than sixty percent of the total revenue generated globally. The regions have a relatively stricter environment toward quality and compliance management across different industry verticals. In addition, the presence of a large number of market players has ensured substantial penetration of quality management and related solutions in the regions.

In the coming years, Asia Pacific is poised to emerge as the most lucrative market for quality management solutions. The region is home to a huge manufacturing industry, with continual advancements in the sector. Increasing competition in the region has forced companies to adopt viable solutions in order to maintain the superior quality of their products and processes.

Frequently Asked Questions:

The market for Quality Management Software Market is expected to reach US$ XX Bn By 2023.

The Quality Management Software Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2023.

The base year of this report is 2022.

Pilgrim Quality Solutions, Inc., Sparta Systems, Inc., IQS, Inc. Master Control, Inc.,are some of the major players in the global market.

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Published Date:  May 2016
Category:  Technology & Media
Report ID:   58049
Report Format:   PDF
Pages:   120
Rating:    4.4 (50)
Delivery Time: 24 Hours to 48 Hours   
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