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Global Quality Management Software Market Size By Deployment Type (On-Premises, Cloud-Based), By Organization Size (Small And Medium Enterprises (SMEs), Large Enterprises), By Verticals (Healthcare, Manufacturing, IT And Telecom), By Geographic Scope And Forecast


Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Quality Management Software Market Size By Deployment Type (On-Premises, Cloud-Based), By Organization Size (Small And Medium Enterprises (SMEs), Large Enterprises), By Verticals (Healthcare, Manufacturing, IT And Telecom), By Geographic Scope And Forecast

Quality Management Software Market Size And Forecast

Quality Management Software Market size was valued at USD 9.95 Billion in 2023 and is projected to reach USD 19.79 Billion by 2031, growing at a CAGR of 9.90% from 2024 to 2031.

  • Quality Management Software (QMS) is a digital platform designed to expedite and improve the procedures involved in maintaining and monitoring product quality within a business. This software helps firms maintain high standards by automating processes including document control, compliance tracking, corrective and preventative actions (CAPA), and audit management. It centralizes quality-related data, allowing for real-time monitoring and reporting. This increases productivity, minimizes errors, and ensures that goods fulfill regulatory and customer standards.
  • The scope of Quality Management Software is expanding as technology advances. Integrations with artificial intelligence and machine learning are poised to transform how quality data is processed, resulting in predicted insights and more proactive quality management approaches.
  • Furthermore, the integration of Internet of Things (IoT) devices can provide real-time data from manufacturing lines, providing unprecedented visibility into quality parameters. As companies embrace digital transformation, QMS is anticipated to become more intuitive and integrated, enhancing its role in ensuring product excellence and operational efficiency.

Global Quality Management Software Market Dynamics

The key market dynamics that are shaping the global Quality Management Software Market include

Key Market Drivers

  • Growing Emphasis on Regulatory ComplianceRegulatory compliance is becoming increasingly important, necessitating strong quality management systems across businesses. The United States Food and Drug Administration (FDA) revealed that in fiscal year 2020, it issued 524 warning letters to corporations for failing to meet quality and regulatory criteria. This increased regulatory scrutiny is driving firms to invest in quality management software to assure compliance.
  • Rising Focus on Customer Satisfaction and Product Quality Companies are increasingly understanding the value of quality management in boosting customer satisfaction. According to an American Society for Quality (ASQ) poll, 49% of worldwide firms view customer satisfaction as a significant problem for the future of quality. This emphasis on customer happiness is propelling the use of quality management software to enhance product and service quality.
  • Increasing Implementation of Six Sigma and Lean Manufacturing Principles The increase in adoption of quality improvement approaches such as Six Sigma and lean manufacturing is driving up demand for quality management software. According to Lean Enterprise Institute research, 69.6% of firms applying lean concepts reported making moderate to significant progress in quality improvement. This trend is expected to enhance the Quality Management Software Market as businesses look for tools to support these techniques.

Key Challenges

  • Integration with Existing SystemsOne of the more difficulties in the Quality Management Software (QMS) market is integrating new QMS solutions with current enterprise systems. Many firms utilize a combination of historical systems and contemporary applications, which can lead to compatibility concerns. Ensuring that a new QMS connects effectively with existing software, such as ERP or CRM systems, necessitates substantial modification and technical skill, which sometimes leads to increased costs and longer implementation times. This complexity can dissuade firms from implementing new QMS solutions, limiting their ability to take advantage of advanced capabilities and increased efficiencies.
  • Data Security and Privacy With growing worries about data security and privacy, quality management software must ensure that sensitive information is safeguarded against unauthorized access and breaches. This is especially important for industries that handle sensitive data, such as healthcare or banking. To preserve data, QMS providers must use robust security measures such as encryption, secure access controls, and frequent audits. Compliance with rules such as GDPR and HIPAA adds another layer of difficulty, as failure to achieve these requirements can result in legal ramifications and harm to reputation.
  • Scalability and FlexibilityAs businesses expand, their quality management requirements change, needing a QMS that can scale and adapt accordingly. Finding a QMS that not only fits current requirements but is also adaptable to future changes, such as new regulatory standards or greater production quantities, is a significant task. Systems that are excessively rigid or require significant adaptation to scale might become bottlenecks. Companies require a system that can scale with them and adapt to new procedures or market demands without requiring significant additional expenses.

Key Trends

  • AI and Machine Learning IntegrationAI and machine learning are increasingly being integrated into Quality Management Software, which improves predictive analytics and automated decision-making, resulting in more proactive quality management and problem resolution.
  • Cloud-Based Solutions Cloud-based QMS solutions are becoming increasingly popular due to their flexibility, scalability, and cost-effectiveness, allowing businesses to access quality data and tools from anywhere.
  • IoT and Real-Time MonitoringThe use of Internet of Things (IoT) technology enables real-time monitoring of industrial processes, boosting data accuracy and quality control through continuous feedback.
  • Mobile Accessibility Mobile-friendly QMS platforms provide on-the-go access to quality management tools and data, improving efficiency and responsiveness by allowing users to manage and track quality concerns from their mobile devices.

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Global Quality Management Software Market Regional Analysis

Here is a more detailed regional analysis of the global Quality Management Software Market

North America

  • North America currently reigns supreme in the quality management software (QMS) market, holding the largest market share. The Quality Management Software Market in North America is being driven by an increased focus on regulatory compliance. In fiscal year 2021, the United States Food and Drug Administration (FDA) recorded 3,706 medical device recalls, a 26.5% increase over the previous year, underlining the importance of strong quality control systems.
  • Furthermore, the FDA’s Center for Devices and Radiological Health (CDRH) reported that 89% of inspections in 2020 either yielded no action or resulted in voluntary actions, indicating increased compliance efforts. These regulatory requirements are leading firms, particularly those in healthcare and manufacturing, to implement quality management software to ensure standard adherence and reduce compliance risk.
  • North America’s technological supremacy is a major driver of the Quality Management Software Market. The US manufacturing sector’s productivity improved by 3.8% in 2021, above the broader nonfarm business sector’s growth of 2.2%, owing largely to modern technologies such as quality control systems. According to the Software & Information Industry Association (SIIA), 94% of firms in the United States employ cloud-based software, demonstrating the region’s preparedness to accept new technologies such as QMS. This early adoption tendency is driving the growth of the Quality Management Software Market, as companies attempt to improve quality systems and preserve a competitive advantage. 

Asia Pacific

  • Rapid industrial growth in the Asia-Pacific region, notably in manufacturing powerhouses such as China and India, is driving the Quality Management Software Market. China’s National Bureau of Statistics reported a 3.6% growth in industrial output year on year in 2022, whereas India’s Ministry of Statistics reported a 5.2% increase in the Index of Industrial Production in January 2023.
  • The Asian Development Bank projects a 4.8% growth in developing Asia’s economy in 2023, with industrial expansion playing a vital role. This spike in industrial activity is driving increasing demand for quality management systems, as businesses struggle to maintain high standards and remain competitive globally. According to a poll conducted by the Asian Productivity Organization, 68% of enterprises in the region regard quality management as critical to competitiveness, demonstrating the growing demand for QMS software.
  • The Quality Management Software Market in Asia-Pacific is being driven by an increasing realization of the long-term benefits of quality management. According to a survey conducted by the Asian productivity organization, 78% of regional enterprises have implemented quality management systems, with 62% identifying increased product quality as a key advantage. Between 2018 and 2022, the China association for quality reported a 15% improvement in customer satisfaction for enterprises that implemented complete quality management systems. In Japan, the Ministry of Economy, Trade, and Industry discovered that enterprises with advanced quality processes experienced 23% higher export growth.
  • Furthermore, the Indian Ministry of Micro, Small, and Medium Enterprises reported a 31% decrease in defect rates and a 27% increase in productivity among SMEs who use quality management systems. These findings demonstrate a growing understanding of the benefits of quality management, which is driving higher adoption of QMS software throughout the area.

Global Quality Management Software MarketSegmentation Analysis

The Global Quality Management Software Market is Segmented on the basis of Deployment Type, Organization Size, Verticals, And Geography.

Quality Management Software Market, By Deployment Type

  • On-Premises
  • Cloud-Based

Based on Deployment Type, the market is bifurcated into On-Premises, and Cloud-Based. The on-premise category dominates the QMS market, accounting for the vast bulk of revenue. However, the cloud-based market is growing the fastest due to benefits such as cost, scalability, and ease. While on-premise solutions provide more control, cloud solutions are becoming more appealing with advantages such as remote access and automatic updates. This pattern shows that cloud computing may become dominant in the future.

Quality Management Software Market, By Organization Size

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

Based on Organization Size, the market is segmented into Small and Medium Enterprises (SMEs), and Large Enterprises. Large organizations presently retain the majority of the QMS market due to their complicated workflows and stringent regulatory requirements, while SMEs are the fastest-growing group. Cloud-based QMS solutions, noted for their low cost and ease of use, are especially appealing to SMEs. As these businesses become more aware of the benefits of quality management, and cloud technology becomes more accessible, the SME category is expected to expand significantly in the coming years.

Quality Management Software Market, By Verticals

  • Healthcare
  • Manufacturing
  • IT & Telecom
  • Aerospace & Defense
  • Food & Beverage
  • Government
  • Utilities

Based on Verticals, the market is segmented into Healthcare, Manufacturing, IT & Telecom, Aerospace & Defense, Food & Beverage, Government, and Utilities. The manufacturing industry now dominates the quality management system market. This is owing to the established emphasis on quality control in manufacturing and the requirement to follow tight rules. However, the healthcare industry is growing the fastest. This is being pushed by an increased emphasis on patient safety and quality of care, as well as new rules such as the PPACA (US), which require quality management methods in healthcare. As healthcare organizations strive for better patient outcomes, they are turning to QMS solutions to increase efficiency and compliance.

Key Players

The “Global Quality Management Software Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Arena Solutions, Inc., Cority Software Inc., Dassault Systemes SE, EtQ Management Consultants, Inc., Ideagen Plc., Intelex Technologies, MasterControl, Inc., MetricStream, Inc., Microsoft Corporation, Oracle Corporation, Pilgrim Quality Solution, Plex Systems, Inc., SAP SE, Siemens AG, Sparta Systems Inc., uniPoint Software, Inc., and Veeva Systems. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Quality Management Software Market Recent Developments

  • In January 2024, Master Control, a provider of quality management and sophisticated manufacturing execution software, officially introduced its cutting-edge Quality Event Management (QEM) product. This revolutionary tool provides customers with unrivaled flexibility in configuring procedures, creating forms, and capturing data linked to quality events.
  • In April 2023, Greenlight Guru, a creator of cloud-based software solutions for MedTech enterprises, will debut its Export API. The new functionality allowed clients to export data from the QMS platform to third-party software such as CRM, ERP, and business intelligence solutions. Furthermore, the new API feature allowed users to increase productivity.
  • In April 2023, Qualityze, a developer of quality management software, will launch Qualityze EQMS, a cloud-based quality management solution for the telecoms industry. The program was developed on Salesforce, Inc.’s cloud platform to assist telecommunications organizations in meeting multiple quality objectives with increased security, dependability, and flexibility.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2020-2031

Base Year

2023

Forecast Period

2024-2031

Historical Period

2020-2022

Unit

Value (USD Billion)

Key Companies Profiled

Arena Solutions, Inc., Cority Software Inc., Dassault Systemes SE, EtQ Management Consultants, Inc., Ideagen Plc., Intelex Technologies, MasterControl, Inc.

Segments Covered

By Deployment Type, By Organization Size, By Verticals, And By Geography

Customization Scope

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope.

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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Table of Content

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