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

Quality Management Software Market Size, Share & Trends Analysis Report By Solution (Complaint Handling, Document Control), By Deployment, By Enterprise Size, By End-use, By Region, And Segment Forecasts, 2022 - 2030

  • Report ID: GVR-1-68038-331-7
  • Number of Pages: 185
  • Format: Electronic (PDF)
  • Historical Range: 2017 - 2020
  • Industry: Technology

Report Overview

The global quality management software market size was valued at USD 8.72 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 10.4% from 2022 to 2030. The market growth is attributed to the increasing relevance of customer-centric manufacturing and the frequent changes in legislation and standards that necessitate repeated compliances. Organizations need to comply with ISO 90001, ISO 14001, and other international standards in order to conduct their operations globally, as it allows them to fulfill market expectations, competitive pricing, regulatory obligations, and consumer needs. The outbreak of COVID-19 has negatively impacted the manufacturing and transport & logistics industries. To avoid future impact, vendors are focusing on protecting their current customer base by enhancing customer experience and communications. The plans to upgrade technology are likely to be delayed due to the efforts made to reduce non-critical and CAPEX investments.

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

As per the projections of the International Monetary Fund (IMF), estimated in June 2020, the world was likely to witness a growth of -4.9% in 2020, which was expected to hamper the environment for innovation or investments. Manufacturing and transport & logistics industries were expected to experience a significant negative impact in the aftermath of the pandemic. The suspension of production and trade of various goods and services was expected to affect the QMS market in the short term. Supply chain disruptions and the introduction of new regulations had a profound impact on the 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 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, the 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 16.0% in 2021. 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 60.0% in 2021. Enterprises across the globe have adopted the on-premise type of deployment as it allows easy customization of the 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 is 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 during 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 the 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 biggest market share of more than 64.0% in 2021. 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 the technologies such as machine learning and artificial intelligence.

End-Use Insights

The manufacturing segment held the largest market share of more than 25.0% in 2021. Quality management systems help increase the visibility of manufacturing processes for the 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, 2021 (%)

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 40.0% in 2021. 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 homes, 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 85.0% of the businesses are in their nascent stages of adopting cloud computing technology. There is huge potential for the adoption of cloud QMS solutions soon.

Key Companies & Market Share Insights

Strategies such as mergers & acquisitions and partnerships are estimated to be the most effective ways for companies to gain quick access into 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 way for the expansion of the companies in the market. For instance, in September 2020, Ideagen Plc. launched the first cloud version of Q-Pulse, the company’s Quality, Health & Safety, and Environmental (QHSE) product. The cloud version would help customers in gaining complete visibility across the supply chain and key stakeholders in one place. Furthermore, it can also be integrated with other business systems through flexible APIs and send information to other platforms, such as ERP or CRM. Some of the 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.

  • In telex Technologies

  • Master Control, Inc.

  • Metric Stream, Inc.

  • Microsoft Corporation

  • Oracle Corporation

  • Pilgrim Quality Solution

  • Plex Systems, Inc.

  • SAP SE

  • Siemens AG

  • Sparta Systems Inc.

  • Uni Point Software, Inc.

  • Veeva Systems

Quality Management Software Market Report Scope

Report Attribute

Details

Market size value in 2022

USD 9.38 billion

Revenue forecast in 2030

USD 20.66 billion

Growth rate

CAGR of 10.4% from 2022 to 2030

Base year for estimation

2021

Historical data

2017 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD million and CAGR from 2022 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, 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.; In telex Technologies; Master Control, Inc.; Metric Stream, 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 analyst’s 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 2017 to 2030. For this study, Grand View Research has segmented the global Quality Management Software Market report based on the solution, deployment, enterprise size, end-use, and region:

  • Solution Outlook (Revenue, USD Million, 2017 - 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, 2017 - 2030)

    • Cloud

    • On-premise

  •  Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)

    • Small & Medium Enterprise (SME)

    • Large Enterprise

  • End-use Outlook (Revenue, USD Million, 2017 - 2030)

    • IT & Telecom

    • Transportation & Logistics

    • Consumer Goods & Retail

    • Defense & Aerospace

    • Manufacturing

    • Healthcare

    • Others

  • Regional Outlook (Revenue, USD Million, 2017 - 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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