New York, NY, Sept. 16, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Quality Management Software Market By Type (Cloud-Based and On-Premises), By Solution (Supplier Quality Management, Complaint Management, Audit Management, CAPA Management, Training Management, Change Control, Document Management, EH&S Management, Product Registration, and Others), By Organization Type (Large Enterprises and SMEs), and By End-Use Industry (IT & Telecom, Aerospace & Defense, Healthcare & Life Sciences, Consumer Goods & Retail, Automotive, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, global quality management software market was USD 7.18 billion in 2018 and is expected to reach approximately USD 13.82 billion by 2025, at a CAGR of slightly above 9.8% between 2019 and 2025.
Quality management software provides a centralized means of tracking and managing a quality management system. This platform involves audit management, document control, corrective action employee training, and nonconformance tracking. It can further expand to more business areas, depending on the quality management needs of an organization.
Browse through 71 Tables & 38 Figures spread over 168 Pages and in-depth TOC on “Global Quality Management Software Market Size & Share 2018: Industry Type, Applications, Segments, Growth, Analysis and Forecast to 2025”.
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The quality management software market is expected to witness remarkable growth owing to surging demand for effective management of a company’s processes and meet customer expectations in a highly competitive market. QMS solutions offer a wide range of functionalities, such as change management, nonconformance, calibration, document control, and complaint handling. Thus, the QMS is a tool of vital importance for an organization’s complete quality control. Additionally, recent technological advancements like cloud, big data, and analytics have further boosted the capabilities of quality management software solutions, resulting in the accelerated adoption of QMS solutions across industries like life sciences, manufacturing, and IT and telecom. However, the security threats involved in cloud-based platforms may hamper the quality management software market growth in the future.
By type, the quality management software market is divided into cloud-based and on-premises. The cloud segment is anticipated to grow notably, owing to its various benefits over on-premises deployment. Based on solution, the quality management software market includes product registration, complaint management, supplier quality management, audit management, training management, CAPA management, document management, change control, EH&S management, and others. Audit management is expected to grow notably over the projected years. On the basis end-use industry, the market comprises IT and telecom, healthcare and life sciences, automotive aerospace and defense, consumer goods and retail, and others. The healthcare and life sciences segment is likely to hold a substantial market share globally over the estimated timeline, owing to the regional expansion of top players from various sectors.
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North America is projected to generate notable revenue in the quality management software market globally in the years ahead, owing to the early adoption of QMS software by the regional companies and organizations, the presence of major players, and rapid technological advancements. Moreover, the rising demand for safety and amenability standards in the healthcare sector will also fuel this regional market. Analytics and business intelligence are adopted widely, owing to their ability to extract actionable insights from raw information, which will further drive this market.
The European quality management software market will grow significantly over the forecast time period, owing to the rising regulatory regional pressure and increasing number of reforms in the EU for data protection rules for enterprise data. In European countries, software service providers are deploying solutions on cloud platforms, and thus, have to comply with the European Data Protection policy 1995 along with varied general data protection regulations. These general data protection regulation responsibilities apply to both software supplier suppliers and customers.
Browse the full “Quality Management Software Market By Type (Cloud-Based and On-Premises), By Solution (Supplier Quality Management, Complaint Management, Audit Management, CAPA Management, Training Management, Change Control, Document Management, EH&S Management, Product Registration, and Others), By Organization Type (Large Enterprises and SMEs), and By End-Use Industry (IT & Telecom, Aerospace & Defense, Healthcare & Life Sciences, Consumer Goods & Retail, Automotive, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/quality-management-software-market
The Asia Pacific quality management software market is anticipated to witness notable growth in the future. Japan, China, and India will fuel the QMS demand along with its applications across transportation and logistics and manufacturing industries. Growing adoption of change control is another key factor driving the Asia Pacific market. Additionally, the boost in this regional market is due to increasing cloud-based deployment, as it offers scalability, flexibility, and optimized processes.
Latin America is expected to witness moderate market growth in the upcoming years, owing to the limited barriers to entry and appealing destination in the region for global investors. Thus, the software producers are trying to capture the Latin American market as a part of their regional expansion plan and to enhance their reach and increase the penetration of quality management software. Furthermore, the quality management software market is further bolstered by the growing need for efficient management of organizational developments and processes. The software helps in streamlining processes, business projects, and workflow with lower risk, which will also fuel the region’s quality management software market over the projected timeframe.
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Some key players of the quality management software market are Master Control, Oracle, SAP, Hewlett-Packard, Sparta Systems, Aras Corporation, Microsoft, PSC Biotech, Dassault Systems, and Parasoft Corporation.
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This report segments the global quality management software market into:
Global Quality Management Software Market: Type Analysis
- Cloud-Based
- On-Premises
Global Quality Management Software Market: Solution Analysis
- Supplier Quality Management
- Complaint Management
- Audit Management
- CAPA Management
- Training Management
- Change Control
- Document Management
- EH&S Management
- Product Registration
- Others
Global Quality Management Software Market: Organization Type Analysis
- Large Enterprises
- SMEs
Global Quality Management Software Market: End-Use Industry Analysis
- IT and Telecom
- Aerospace and Defense
- Healthcare and Life Sciences
- Consumer Goods and Retail
- Automotive
- Others
Global Quality Management Software Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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