GVR Report cover Quality Management Software Market Size, Share & Trends Report

Quality Management Software Market Size, Share & Trends Analysis Report By Solution, By Deployment, By Enterprise Size, By End-use, By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-1-68038-331-7
  • Number of Pages: 185
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2021
  • Industry: Technology

Report Overview

The global quality management software market size was valued at USD 9.37 billion in 2022 and is expected to record a compound annual growth Rate (CAGR) of 10.6% from 2023 to 2030. The growing need for standardized manufacturer procedures across various industries and stringent procedure parameters by regulatory authorities is a major factor in the market growth. Growing consumer awareness of product and service quality is another factor for market growth. Using quality management software to supervise product development, resource planning, and tracking the manufacturing process through automation provides flexibility for non-conformance issues and document control. These advantages allow an organization to streamline operations and improve total quality management while improving its lead time. Additionally, the integration of quality management software in e-commerce, retail, and consumer goods segment for providing quality products and services at affordable prices is, in turn, driving the market growth.

U.S. quality management software market size, by solution, 2020 - 2030 (USD Billion)

The outbreak of COVID-19 severely affected industries around the globe. The disruption in supply chain activities and a reduction in end-user investment in products and services restrict the overall market growth. The quality management software (QMS) market saw a moderate effect of COVID-19 on its growth. The market saw a slump in growth owing to financial restrictions and hesitation to invest in new technologies. However, as the market recovered, industry organizations needed to implement quality management systems to manage and document their operations. As the quality of products and services delivered gained importance during the pandemic, and according to the study published in ‘Preventing the medication errors in hospitals: A qualitative study in ‘International Journal of Africa Nursing Sciences’ in August 2020, the prevalence of medication errors remained as (32.1%) for general practitioners, (39%) for nurses (38%), and pharmacists (23%). This will lead to adopting healthcare quality management systems, driving market growth.

QMS solution providers are focused on enhancing sustainability practices to help companies reduce waste and carbon footprint. Organizations deploy these solutions to align their processes with standards such as United Nations’ Sustainable Development Goals (SDGs) to reduce carbon emissions. While QMS solutions offer several benefits to users, they also involve some challenges such as a lack of collaboration, and misalignment with the existing IT infrastructure. While vendors have proactively been trying to tackle these issues, the widespread acceptance of cloud-based deployment of QMS is expected to prove beneficial in addressing these challenges across industries and verticals.

Companies around the world are realizing the value of an all-encompassing QMS in improving company performance and gaining a competitive advantage. They're proactively evaluating and investing in QMS solutions to guarantee that quality standards are upheld throughout the product lifecycle. Technological advancements such as cloud computing, analytics, and big data have further enhanced the existing capabilities of QMS in terms of scalability, cost efficiency, flexibility, and platform independence, among others. As a result, end-use industries such as life sciences, manufacturing, and IT & telecom are rapidly adopting QMS solutions.

Quality management standards and international technical specifications such as IATF 16949, AS9100 Rev.D, and ISO 9001 are projected to enhance QMS adoption throughout end-use sectors. Moreover, C-level executives across organizations are taking efforts to align quality management with strategic business objectives.

Solution Insights

The complaint-handling segment held the largest market share of over 15% in 2022. Effective management of complaints helps in meeting customer expectations. The adoption of standard complaint-handling tools and processes helps businesses in handling customer complaints more effectively and efficiently. This ultimately enables businesses to remain successful in the long run.

Calibration management solution provides essential connections between related maintenance tasks and additional quality processes for regulated life science and high-tech environments. For regulated life science and high-tech contexts, calibration management solutions provide vital links between relevant maintenance chores and additional quality procedures. Such solutions aid in extending the life of machinery and lowering corporate revenue by minimizing the number of recalled products and optimizing the manufacturing process through reduced downtime.

Deployment Insights

The on-premise segment held the largest market share of over 60% in 2022. Enterprises across the globe have adopted the on-premise type of deployment as it allows easy customization of software as per the client’s business processes. Enterprises demanding high data security generally demand on-premise deployment of QMS. The rising concerns regarding data theft and loss of sensitive business information over cloud-based platforms are driving the demand for on-premise deployment. These solutions are largely demanded by large enterprises.

The cloud segment is anticipated to emerge as the fastest-growing segment over the forecast period. This software is widely preferred by businesses since it is housed on the vendor's server and can be accessed using a web browser. This feature eliminates the need to upgrade the system on a regular basis and allows users to access data from any location without difficulty. The widespread use of QMS on cloud-based platforms is mostly due to advantages such as flexibility and mobility. In addition, the additional costs of setting up hardware are reduced, resulting in cost-effectiveness.

Enterprise Size Insights

The large enterprise segment held the largest market share of over 63% in 2022. Large enterprises demand centralized resources to manage their business operations on a single platform. Additionally, QMS facilitates enterprises to implement an enterprise-wide deployment and offers the ability to maintain local independence on processes. Many QMS vendors have different sets of software suites for large enterprises and small & medium enterprises. These suites are tailored to fit the exact requirements of the clients and, hence, play a vital role in the selection process.

The flexibility and versatility of QMS are fueling demand among major businesses, resulting in the software's continual addition of new features. Organizations all across the world utilize a variety of software and systems to generate vast amounts of data. QMS solutions are expected to meet the growing needs of companies for boosting productivity and efficiency in their processes, owing to the increasing data and growing demand for technologies such as machine learning and artificial intelligence.

End-use Insights

The manufacturing segment held the largest market share of over 25% in 2022. Quality management systems help increase the visibility of manufacturing processes for employees through cross-functional teams and processes. A quality management system creates processes, documents, and a system of checks and balances for improving business operations. This growth is attributed to the stringent regulations as well as the complex processes and integrated business systems. QMS solutions help in prioritizing process improvement efforts, comparing production line capability, and ensuring product conformity. Such factors are expected to act as fundamental drivers for segment growth during the forecast period.

Global quality management software market share, by end-use, 2022 (%)

Companies are rapidly recognizing the value of a quality management system to help them achieve essential goals including industry compliance, avoiding potential product liability claims, and retaining customers. For example, QMS enables telecom service providers to support their communication strategy by adhering to the highest quality standards in telecom products and services, such as the TL9000 requirements. In addition, vendors are considering the requirements of the Quality Excellence for Suppliers of Telecommunications Forum (QuEST), which supports ongoing improvements in the quality and dependability of telecom products and services.

Regional Insights

North America dominated the global market with a share of over 40% in 2022. Several American medical and hospital associations demand compliance-based products and services from the healthcare industry. Also, there is a growing use of QMS in both small and large-scale industries due to its necessity in various organizations and programs in the U.S., such as hospitals, home care organizations, nursing home, ambulatory care providers, and clinical laboratories.

Quality Management Software Market Trends by Region

Asia Pacific is anticipated to emerge as the fastest-growing regional market. The outbreak of COVID-19 has pushed countries in the Asia Pacific to put a strong emphasis on pharmaceutical manufacturing, transportation, and logistics while ensuring optimum quality. Hence, the demand for pharma QMS solutions is rising, particularly in the emerging economies of Asia Pacific. In Asia Pacific, more than 85% of businesses are in the nascent stages of adopting cloud computing technology. Eventually, there is a huge potential for the adoption of cloud QMS solutions.

Key Companies & Market Share Insights

Strategies such as mergers & acquisitions and partnerships are estimated to be the most effective ways for market players to gain quick access to emerging markets. For instance, in January 2021, Arena Solutions, Inc. partnered with Rimsys Inc., a Regulatory Information Management (RIM) software platform provider, to offer secure cloud-based end-to-end quality and product-centric regulatory solutions for the MedTech industry. The partnership is expected to enhance both the companies’ capabilities in automatically monitoring document changes and alerting users during reporting updates based on the document location.

Furthermore, product differentiation and upgrades are anticipated to pave the way for the expansion of companies in the market. For instance, in January 2021, Arena Solutions, Inc. partnered with Rimsys Inc., a Regulatory Information Management (RIM) software platform provider, to offer secure cloud-based end-to-end quality and product-centric regulatory solutions for the MedTech industry. The partnership is expected to enhance both the companies’ capabilities in automatically monitoring document changes and alerting users during reporting updates based on the document location. Some prominent players in the global quality management software market include:

  • 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.

  • Veeva Systems

Quality Management Software Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 10.18 billion

Revenue forecast in 2030

USD 20.66 billion

Growth rate

CAGR of 10.6% from 2023 to 2030

Base year for estimation

2022

Historical data

2018 - 2021

Forecast period

2023 - 2030

Quantitative units

Revenue in USD million/billion and CAGR from 2023 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Solution, deployment, enterprise size, end-use, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico

Key companies profiled

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.; Veeva Systems

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Global Quality Management Software Market Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global quality management software market report based on solution, deployment, enterprise size, end-use, and region:

  • Solution Outlook (Revenue, USD Million, 2018 - 2030)

    • Document Control

    • Non-conformances/Corrective & Preventative

    • Complaint Handling

    • Employee Training

    • Audit Management

    • Supplier Quality Management

    • Calibration Management

    • Change Management

    • Others

  • Deployment Outlook (Revenue, USD Million, 2018 - 2030)

    • Cloud

    • On-premise

  • Enterprise Size Outlook (Revenue, USD Million, 2018 - 2030)

    • Small & Medium Enterprise (SME)

    • Large Enterprise

  • End-use Outlook (Revenue, USD Million, 2018 - 2030)

    • IT & Telecom

    • Transportation & Logistics

    • Consumer Goods & Retail

    • Defense & Aerospace

    • Manufacturing

    • Healthcare

    • Others

  • Regional Outlook (Revenue, USD Million, 2018 - 2030)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

    • Asia Pacific

      • China

      • Japan

      • India

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

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