Global Quality Management Software Market

Global Quality Management Software Market Size, Share, Growth Analysis, By Solution(Document Control, Non-Conformances/Corrective & Preventive), By Deployment Type(Cloud, On-premise), By Enterprise Size(Small & Medium Enterprise (SME), Large Enterprise), By End Use(IT & Telecom, Transportation & Logistics) - Industry Forecast 2023-2030


Report ID: SQSG45F2025 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: 125 | Figures: 77

Global Quality Management Software Market Insights

Global Quality Management Software Market size was valued at USD 8.47 billion in 2021 and is poised to grow from USD 9.37 billion in 2022 to USD 21.75 billion by 2030, growing at a CAGR of 10.6% in the forecast period (2023-2030).

The importance of producing with the customer in mind is increasing, while standards and laws are changing often, necessitating ongoing compliance. Organizations must be registered to ISO 90001, ISO 14001, and other international standards to operate their companies globally. This allows them to meet consumer requests, competitive pricing, statutory requirements, and market demands. The manufacturing, shipping, and logistics industries have all suffered because of the COVID-19 epidemic. The QMS market is expected to see short-term effects from the suspension of production and trading of a variety of goods and services. However, people all over the world are now using the internet for online purchasing, which has caused the business-to-consumer marketplaces to expand quickly. Along with improvements to the goods' characteristics, shipping volumes of goods have increased. With major expenditures in e-commerce, resources, and personnel, logistics businesses have begun accelerating their development, quality- and safety management standards, and expansion strategies in response to this. In the upcoming years, such changes are projected to accelerate the expansion of the market for quality management software in the transportation and logistics sector.

Businesses all around the world are increasingly realizing the importance of an inclusive QMS to improve operations and gain a competitive edge. To make sure that quality requirements are upheld across the whole product lifetime, they are proactively evaluating and investing in QMS solutions. The scalability, cost-effectiveness, adaptability, and platform independence of QMS have all been improved by technological innovations including cloud computing, analytics, and big data. End-use sectors like the life sciences, manufacturing, IT, and telecom are quickly implementing QMS systems as a result.

To assist businesses in reducing waste and their carbon footprint, QMS solution suppliers are committed to improving sustainability practices. Companies use these solutions to adapt their operations to standards like the Sustainable Development Goals (SDGs) of the UN to cut carbon emissions. While QMS solutions have many advantages for consumers, they also come with drawbacks such as a lack of teamwork and misalignment with the current IT architecture. While providers have been actively attempting to address these problems, it is expected that the widespread adoption of cloud-based QMS implementation would help to address these difficulties across sectors and verticals.

It is expected that more end-use sectors would apply QMS due to the strict compliance with quality management standards and international technical specifications such as IATF 16949, AS9100 Rev.D, and ISO 9001. Additionally, C-level executives from many firms are making an effort to connect quality control with long-term corporate goals. Numerous businesses are utilizing quality management techniques like ISO standards and Six Sigma to increase productivity, process effectiveness, and ultimately customer happiness. As a result, it is projected that during the next few years, end users of QMS would increasingly concentrate on quality process automation, supplier quality assurance, and compliance management.

US Quality Management Software Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 8.47 billion

Largest Segment

On-premise

Fastest Growth

On-premise

Growth Rate

10.6% CAGR

Global Quality Management Software Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Quality Management Software Market Size by Deployment, 2021-2028 ($ Bn)
Global Quality Management Software Market Size by Deployment, 2021-2028 (%)

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Global Quality Management Software Market Segmental Analysis

The global Quality Management Software market is segmented based on Solution, Deployment type, End Use, Enterprise Size, and Region. Based on Solution, the Quality Management Software Market is segmented as Document Control, Non-Conformances/Corrective & Preventive, Complaint Handling, Employee Training, Audit Management, Supplier Quality Management, Calibration Management, Change Management, and Others. Based on the Deployment type, the Quality Management Software Market is segmented as Cloud, and On-premise. The Quality Management Software Market on the basis of End Use, is classified as IT & Telecom, Transportation & Logistics, Consumer Goods & Retail, Defense & Aerospace, Manufacturing, Healthcare, Others. Based on Enterprise Size the Quality Management Software Market is further sub segmented into Small & Medium Enterprise (SME), Large Enterprise. Based on the region, the Quality Management Software Market is segmented into North America, Europe, Asia Pacific, Middle East, Africa, and South America.

Quality Management Software Market Analysis by Solution

In 2021, the category that dealt with complaints had the biggest market share—more than 15%. Effective complaint management contributes to proactive customer expectation management and brand equity enhancement. To address consumer complaints more effectively and efficiently, businesses are implementing common complaint handling tools and procedures. These elements are expected to serve as the main propellers for accelerating segment expansion.

For regulated life science and high-tech contexts, calibration management solutions provide crucial links between relevant maintenance chores and additional quality procedures. By lowering the quantity of recalled goods, these solutions assist in extending the life of equipment and preserving the company's revenue. Over 75% of businesses in the strictly regulated pharmaceuticals industry perform more than 2,000 calibrations each year, according to Beamex Inc., a calibration software company. Organizations can manage instrument calibration operations and related paperwork with the use of QMS's calibration management solutions to increase productivity and efficiency.

Quality Management Software Market Analysis by Deployment

In 2021, the on-premise category accounted for more than 60% of the market. Due to the advent of digitization, many large enterprises are switching from manual to automated systems, which has raised the demand for on-premise QMS. On-premise QMS is becoming increasingly popular among businesses since it is safer and makes it simple to modify the programme to meet specific customer needs. Therefore, it is frequently used by businesses that seek great data security. The demand for on-premise QMS is also being fueled by growing worries about data loss and theft from cloud-based platforms and critical company data.

Over the forecast period, it is expected that the cloud segment will show the fastest growth. Enhanced flexibility and scalability, security features, and control over the data centre provided by cloud technology are some of the key elements projected to accelerate the growth of the cloud segment. To stop the leak of private QMS data, data encryption techniques are frequently used on the security front. These encryption methods are quite useful while transmitting data, and it is expected that they will propel the expansion of the cloud market over the forecast period.

Quality Management Software Market Analysis by Enterprise Size

In 2021, the large enterprise category accounted for more than 60% of the market. The main factor driving the adoption of QMS in major organisations is the decrease in costs. Many QMS suppliers offer various software suites for both large and small and medium-sized businesses. These suites play a crucial role in the selection process because they are created to meet the precise needs of the clients.

Large businesses are increasingly utilising QMS because of its mobility and flexibility, which is fueling the continual development of new functionalities to the programme. Worldwide, businesses employ a wide range of software and systems and generate enormous amounts of data. QMS solutions are projected to meet the growing needs of companies for boosting productivity and efficiency in their operations as a result of the ever-increasing amount of data and the rising demand for technologies like artificial intelligence and machine learning.

Quality Management Software Market Analysis by End Use

In 2021, the manufacturing sector had the highest market share of almost 20%. The strict rules, complicated corporate procedures, and integrated business systems are all blamed for this expansion. With the help of QMS systems, industrial sectors may improve quality continuously to avoid or rapidly handle issues like product recalls and guarantee certification compliance. Additionally, they support prioritising efforts to enhance processes, comparing the competence of manufacturing lines, and guaranteeing product conformance. Over the course of the forecast period, these variables are expected to serve as the segment's primary growth drivers. Companies are placing more and more emphasis on QMS in order to achieve important goals like adhering to industry rules, preventing potential product liability claims, and retaining customers. For instance, by adhering to the highest quality standards, such as TL9000 requirements, in the telecoms products and services, QMS assists telecom service providers in supporting their communication strategy. Vendors are also taking into account the requirements of the Quality Excellence for Suppliers of Telecommunications Forum (QuEST), which supports ongoing enhancements to the dependability and quality of telecom products and services.

Global Quality Management Software Market Share By Deployment, 2021 (%), 2021 (%)

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Global Quality Management Software Market Regional Insights

In 2021, North America held a stake of more than 40% of the worldwide market, dominating it. The Patient Protection and Accountable Care Act (PPACA), passed in 2021, requires compliance with quality standards and calls for the provision of high-quality healthcare facilities. While in Europe, SaaS suppliers implementing solutions on cloud-based platforms must adhere to the General Data Protection Regulation and the European Data Protection Directive (Directive 95/46/EC). Medical enterprises must comply with regulations such device classification and QMS updates under the EU Medical Device Regulation (EU MDR), which superseded the Medical Device Directive in 2021. Over the course of the forecast period, these factors are expected to significantly increase the growth of the QMS market in North America and Europe.

Because expanding economies like China and India are becoming more cognizant of standards and quality, the Asia Pacific area is expected to have the quickest rate of growth in the world. The European Union, Asia Pacific, the United States, and Canada have all made ISO 9000 registration a requirement for doing business with businesses and governmental organisations.

Global Quality Management Software Market By Geography, 2021 - 2028, 2023-2030
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Global Quality Management Software Market Dynamics

Quality Management Software Market Driver

  • The demand for quality management software is being driven by the mobility and flexibility provided by QMS software in solutions like document control and non-conformances issue-resolution. Due to the inherent scalability and accessibility, cloud-based QMS systems are in greater demand across all industrial sectors. The use of quality management systems (QMS) has grown in the manufacturing, logistics, and transportation industries as a result of stringent rules, ingrained business models, and complicated processes. These legal ramifications are yet another important market-stimulating aspect. The consumer goods and retail sector, which enables the user by supplying high-quality products at an affordable price that achieves customer satisfaction, is what drives demand for QMS.

Quality Management Software Market Restraint

  • Many open-source suppliers on the market give away a variety of quality management software tools and solutions. Due to this, end customers are choosing open-source solutions over purchasing goods from well-known providers. For instance, businesses are able to use the quality management capability without paying for it thanks to the availability of open-source programmes like FlinkISO and Odoo. Additionally, a lot of small businesses, particularly those in developing nations like China and India, do not spend money on pricey on-premises and cloud-based quality management solutions. During the expected period, all of these issues are expected to restrict the growth potential for market participants.

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Global Quality Management Software Market Competitive Landscape

According to estimates, partnerships and strategic mergers and acquisitions are the most efficient strategies for market companies to quickly enter new markets. To increase its software and life science capabilities, for instance, Honeywell International Inc., a provider of sector-specific solutions for automotive and aerospace industries, planned to buy Sparta Systems Inc. in December 2021. The company hopes to significantly improve its capabilities in enterprise performance management software, industrial automation, and solutions for digital transformation.

Quality Management Software Market Top Player’s Company Profiles

  • SAP SE
  • Oracle Corporation
  • Microsoft Corporation
  • MasterControl Inc.
  • Sparta Systems Inc.
  • IQMS Inc.
  • Dassault Systemes SE
  • Siemens AG
  • Arena Solutions Inc.
  • Plex Systems Inc.
  • Aras Corporation
  • MetricStream Inc.
  • Intelex Technologies Inc.
  • Pilgrim Quality Solutions Inc.
  • IQS Inc.
  • AssurX Inc.
  • ETQ LLC
  • Cority Software Inc.
  • Qualsys Ltd.
  • Ideagen Plc.

Quality Management Software Market Recent Development

  • In February 2021, In order to work together on a project to develop a reinforcement learning-based controller for the CETO wave energy technology, Carnegie and HPE signed a Collaboration Agreement.
  • In March 2021, Siemens AG in Germany purchased C&S Electric Ltd, an Indian manufacturer of electrical and electronic equipment, for Rs 2,100 crore through its flagship listed firm, Siemens Ltd. The company's greatest acquisition in India is this one.

Global Quality Management Software Key Market Trends

  • Consumer gadgets are becoming more and more in demand, particularly in developing nations like China, India, and others. The demand for consumer electronics is driven by elements like an increase in disposable income, the growth of the middle class, and progressive governmental reforms. Additionally, during the forecast period, Quality Management Software applications in the consumer electronics sector are expected to grow quickly. The emergence of these applications will increase the usage of Quality Management Softwares in the future. The number of smartphones and tablets is expected to increase in the future years, opening up new business opportunities.

Global Quality Management Software Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.

According to the analysis, the on-premise segment dominated the global Quality Management Software Market in 2021 and is expected to maintain its dominance throughout the forecast period. In 2021, North America dominated the global Quality Management Software Market owing to the region's highly aware and economically stable population.

Report Metric Details
Market size value in 2021 USD 8.47 billion
Market size value in 2030 USD 21.75 billion
Growth Rate 10.6%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Solution
    • Document Control, Non-Conformances/Corrective & Preventive, Complaint Handling, Employee Training, Audit Management, Supplier Quality Management, Calibration Management, Change Management, Others.
  • Deployment Type
    • Cloud, On-premise
  • Enterprise Size
    • Small & Medium Enterprise (SME), Large Enterprise
  • End Use
    • IT & Telecom, Transportation & Logistics, Consumer Goods & Retail, Defense & Aerospace, Manufacturing, Healthcare, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • SAP SE
  • Oracle Corporation
  • Microsoft Corporation
  • MasterControl Inc.
  • Sparta Systems Inc.
  • IQMS Inc.
  • Dassault Systemes SE
  • Siemens AG
  • Arena Solutions Inc.
  • Plex Systems Inc.
  • Aras Corporation
  • MetricStream Inc.
  • Intelex Technologies Inc.
  • Pilgrim Quality Solutions Inc.
  • IQS Inc.
  • AssurX Inc.
  • ETQ LLC
  • Cority Software Inc.
  • Qualsys Ltd.
  • Ideagen Plc.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Quality Management Software Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Quality Management Software Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Quality Management Software Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Quality Management Software Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Quality Management Software Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Quality Management Software Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Quality Management Software Market size was valued at USD 8.47 billion in 2021 and is poised to grow from USD 9.37 billion in 2022 to USD 21.75 billion by 2030, growing at a CAGR of 10.6% in the forecast period (2023-2030).

According to estimates, partnerships and strategic mergers and acquisitions are the most efficient strategies for market companies to quickly enter new markets. To increase its software and life science capabilities, for instance, Honeywell International Inc., a provider of sector-specific solutions for automotive and aerospace industries, planned to buy Sparta Systems Inc. in December 2021. The company hopes to significantly improve its capabilities in enterprise performance management software, industrial automation, and solutions for digital transformation. 'SAP SE', 'Oracle Corporation', 'Microsoft Corporation', 'MasterControl Inc.', 'Sparta Systems Inc.', 'IQMS Inc.', 'Dassault Systemes SE', 'Siemens AG', 'Arena Solutions Inc.', 'Plex Systems Inc.', 'Aras Corporation', 'MetricStream Inc.', 'Intelex Technologies Inc.', 'Pilgrim Quality Solutions Inc.', 'IQS Inc.', 'AssurX Inc.', 'ETQ LLC', 'Cority Software Inc.', 'Qualsys Ltd.', 'Ideagen Plc.'

The demand for quality management software is being driven by the mobility and flexibility provided by QMS software in solutions like document control and non-conformances issue-resolution. Due to the inherent scalability and accessibility, cloud-based QMS systems are in greater demand across all industrial sectors. The use of quality management systems (QMS) has grown in the manufacturing, logistics, and transportation industries as a result of stringent rules, ingrained business models, and complicated processes. These legal ramifications are yet another important market-stimulating aspect. The consumer goods and retail sector, which enables the user by supplying high-quality products at an affordable price that achieves customer satisfaction, is what drives demand for QMS.

Consumer gadgets are becoming more and more in demand, particularly in developing nations like China, India, and others. The demand for consumer electronics is driven by elements like an increase in disposable income, the growth of the middle class, and progressive governmental reforms. Additionally, during the forecast period, Quality Management Software applications in the consumer electronics sector are expected to grow quickly. The emergence of these applications will increase the usage of Quality Management Softwares in the future. The number of smartphones and tablets is expected to increase in the future years, opening up new business opportunities.

In 2021, North America held a stake of more than 40% of the worldwide market, dominating it. The Patient Protection and Accountable Care Act (PPACA), passed in 2021, requires compliance with quality standards and calls for the provision of high-quality healthcare facilities. While in Europe, SaaS suppliers implementing solutions on cloud-based platforms must adhere to the General Data Protection Regulation and the European Data Protection Directive (Directive 95/46/EC). Medical enterprises must comply with regulations such device classification and QMS updates under the EU Medical Device Regulation (EU MDR), which superseded the Medical Device Directive in 2021. Over the course of the forecast period, these factors are expected to significantly increase the growth of the QMS market in North America and Europe.

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Global Quality Management Software Market

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