Quality Management Software Market

Quality Management Software Market is accounted for USD 8,250 million in 2020, growing at a robust CAGR of 9.7% during forecast period.

Quality Management Software Market Overview

The quality management software can be defined as the business information management system that helps in managing quality policies and standard operating procedures of an organization that includes customer requirements, quality documents, ISO requirements, manufacturing capabilities, auditing procedures and protocols, testing criteria, and other industry-specific regulations.

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Major Quality Management Software Market Drivers

Growing digitalization of industries together with the rising demand to electronically monitor, manage, and document quality processes in organizations for meeting consumer expectations is expected to drive the growth of the quality management software market size. In addition, quality management software helps in organizing and centralizing quality control policies, keeping processes standardized, reducing waste, preventing mistakes, and many more. Moreover, technological developments and growing integration of QMS tools with product lifecycle management (PLM) software, ERP software, environmental health and safety (EHS) software, and others are further expected to contribute to the growth of the market over the forecast period.

Restraint in the Quality Management Software Market

However, the high initial investment involved in implementing the quality management system software is expected to restraint the industry growth. Moreover, security and privacy concerns related to confidential data and lack of knowledge in managing the document related to quality management may further hamper the market during the forecast period.

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Solution – Segment Analysis

Based on the solution, document control is expected to account for a high market share over the forecast period. This can be attributed to its advantages including affordable storage and easy backup of documents, enabling easy regulatory compliance with improved visibility and control, and better security.

Deployment – Segment Analysis

Based on the deployment, the cloud is expected to grow at a significant rate over the forecast period primarily due to the flexibility, scalability, cost-effectiveness, easy deployment, and secure IT infrastructure of a cloud computing environment. Additionally, the rising adoption of Software-as-a-Service (or SaaS) is expected to augment the increasing cloud-based deployment of quality management software by organizations.

End-Use Industry- Segment Analysis

Based on the end-use industry, manufacturing is expected to hold a prominent share in the market owing to the rising demand of manufacturing industries to deliver the quality process consistently and efficiently with applicable regulatory standards. For instance, the manufacturing quality management software from AssurX, Inc. helps in automating the processing of quality issues through investigation, disposition, and change control in a single system.

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Regional – Segment Analysis:

Asia-Pacific is expected to grow at a high CAGR over the forecast period primarily due to the rising number of industries including IT, retail, pharmaceutical, manufacturing, and logistics, and rising inclination towards the adoption of business management software for automating processes. Moreover, the Make in India initiative by the government of India; Made in China 2025, and Manufacture Innovation 3.0 in South Korea for boosting the manufacturing industry is expected to drive the market growth in the Asia-Pacific region.

Top Market Players

Several leading Quality Management Software companies operating in the market, include, Honeywell International Inc., Hewlett Packard Enterprise Development LP, Microsoft Corporation, Oracle Corporation, SAP SE, Siemens AG, Cority Software, MetricStream, Rockwell Automation, Inc., and Dell Inc., among others.

Key Developments:

• • In 2020, Honeywell acquired the privately held Sparta Systems, Inc., one of the leading providers of enterprise quality management software (QMS), including a next-generation SaaS platform. The acquisition is expected to strengthen Honeywell’s leadership in industrial automation, digital transformation solutions, and enterprise performance management software.

Segments covered in the Report:

The global Quality Management Software market has been segmented on the basis of solution, deployment, end-use industry, and key regions. Based on solution, the market is segmented into document control, non-conformances/corrective & preventative, complaint handling, employee training, audit management, supplier quality management software, calibration management, change management, and others. Based on the deployment, the market is segmented into cloud and on-premise. Based on the end-use industry, the market is segmented into IT & telecom, transportation & logistics, consumer goods & retail, defence & aerospace, manufacturing, healthcare, and others.

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Market Segmentation

Global Quality Management Software Market by Solution

• • Document Control
  • Non-Conformances/Corrective & Preventative
  • Complaint Handling
  • Employee Training
  • Audit Management
  • Supplier Quality Management
  • Calibration Management
  • Change Management
  • Others

Global Quality Management Software Market by Deployment

• • Cloud
  • On-Premise

Global Quality Management Software Market by End-Use Industry

• • IT & Telecom
  • Transportation & Logistics
  • Consumer Goods & Retail
  • Defence & Aerospace
  • Manufacturing
  • Healthcare
  • Others

Global Quality Management Software Market by Region

• • North America Quality Management Software Market (Option 1: As a part of the free 25% customization)

    • By Solution
    • By Deployment
    • By End-Use Industry
    • US Market All-Up
    • Canada Market All-Up

  • Europe Quality Management Software Market (Option 2: As a part of the free 25% customization)

    • By Solution
    • By Deployment
    • By End-Use Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Quality Management Software Market (Option 3: As a part of the free 25% customization)

    • By Solution
    • By Deployment
    • By End-Use Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Quality Management Software Market (Option 4: As a part of the free 25% customization)

    • By Solution
    • By Deployment
    • By End-Use Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Quality Management Software Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Honeywell International Inc.
  • Hewlett Packard Enterprise Development LP
  • Microsoft Corporation
  • Oracle Corporation
  • SAP SE
  • Siemens AG
  • Cority Software
  • MetricStream
  • Rockwell Automation, Inc.
  • Dell Inc.