New York, NY 21 Sep 2021: The global Quality Management Software (QMS) market size is expected to reach USD 17.25 billion by 2028 according to a new study by Polaris Market Research. The report “Quality Management Software (QMS) Market Share, Size, Trends, Industry Analysis Report, By Deployment Type (On-premise, Cloud-based); By Company Size (Small and Medium Enterprises, Large Enterprises); By Solution Type; By Application; By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
QMS is used to replace paper-based systems with automated systems that follow stringent regulations and standards. This improves product quality, increases efficiency, and satisfies customer demands. QMS is anticipated to witness remarkable growth owing to the standards and regulations compliance. The key factor that boosts the QMS market is the solutions and systems used to ensure high-efficiency products and processes.
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Owing to the strict regulations, embedded business models, and complex procedures, in the manufacturing, transportation & logistics sector, the implementation of QMS has increased. These regulatory implications are another major driving factor for the concerned software market. The demand for QMS is driven by the consumer goods & retail segment which facilitates the user by delivering high-quality products at a cheap price that meets customer satisfaction.
QMS offers different solutions which include complaint handling, audit, change management, as well as document control. The factor that triggers the growth of QMS is document control which ensures secure documents and offers a repository for all documentation that makes search and retrieval a very easy task.
Another rising factor that boosts the market growth of QMS is cloud-based deployment which offers flexibility, scalability, and optimized processes. Due to the recent advancements in technology, most companies are switching to cloud-based services.
Key Findings from the study suggest that North America is the major region for management software in 2020. The quality supervision software is dominated by the segments such as non-conformance/ corrective & preventive solutions. The complaint handling market is expected to emerge as the key segment over the forecast period.
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Key players for QMS in the market are Aras Corporation, Dassault Systems SE, Hewlett-Packard Enterprise Co., MasterControl, Inc., Microsoft Corporation, Oracle Corporation, Parasoft Corporation, PSC Biotech Corp., SAP SE, Siemens AG, and Sparta Systems.
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New York, NY 11 May 2021: According to a new report on Quality Management Software (QMS) Market published by Polaris Market Research, the global market is anticipated to reach 15.48 USD billion by 2026 with a CAGR of 9.7% during the forecast period.
QMS is used to replace the paper based systems with automated quality management systems that follows stringent regulations and quality standards.
This improves the product quality, increase the efficiency and satisfy the customer demands.
QMS is anticipated to witness a remarkable growth owing to the standards and regulations compliance.
The key factor that boosts QMS market is the solutions and systems used to ensure the high quality products and processes.
Adoption of QMS can help the organization to improve their performance and overall competitiveness.
