Global Quality Management Software Market is estimated to reach USD 12.63 billion by 2024, according to a new report by Grand View Research, Inc. The increasing advancement in the functionality of solution is anticipated to boost the industry growth over the forecast period.
Quality Management Software (QMS) is used to better manage and control quality concerns regarding performance, customer satisfaction, and competitiveness of the organization. This is done by the controlling processes as well as products for consistent quality assurance, reduction in the quality gap between manufacturing practices and end-product expectations, tracking of deviations, and ensuring compliances.
The QMS market is expected to witness a tremendous growth due to the increasing demand for the effective management of organizational processes and the need for meeting consumer expectations in a highly competitive market. The growing technology advancements in IT and telecom as well as the automation of the transportation and logistics industries are driving the market growth.
Quality management software offers numerous functionalities including the handling of non-conformances, out of specification test results, calibration, ensuring compliance, as well as a centralized system that ensures connection to organizations’ ERP and CRM systems. All these capabilities, coupled with the reduction in the costs, are energizing the adoption of quality management software across a wide range of industries.
The flexibility and mobility offered by the quality management software in solutions such as document control and non-conformances’ issue resolving are driving the demand for QMS software in large enterprises, contributing to the addition of new functionalities to the software every day. The increasing demand for cloud-based QMS solutions due to implied scalability and accessibility is a major factor for increasing the popularity of the quality management software.
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Further key findings from the report suggest:
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Grand View Research has segmented the quality management software market on the basis of application, solution, deployment, company size and region:
Application Outlook (Revenue, USD Million; 2014 – 2024)
Solution Outlook (Revenue, USD Million; 2014 – 2024)
Deployment Outlook (Revenue, USD Million; 2014 – 2024)
Company Size Outlook (Revenue, USD Million; 2014 – 2024)
Regional Outlook (Revenue, USD Million; 2014 – 2024)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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