Healthcare Sector to Emerge as Major Opportunity for Growth

Healthcare sector is expected to emerge as the main driver for growth for the players in the quality management software market. CMS, or Centers for Medicare and MediCaid Services have implemented new laws which are tying quality of care to the value of reimbursement. This is a major opportunity as health services form a major part of the GDP in the US and continues to represent a major pie of opportunity in the region. Additionally, the “value-based car delivery” are expected to drive significant growth in all areas including actual care in homes, hospitals, quality management in research labs, and more. Moreover, the healthcare sector is already witnessing major demand for various IT solutions like interactive portals for better communication between healthcare professionals and patients. Moreover, the clinical and insurance claims can significantly result in margins of growth as delay in treatment for diseases like diabetes can result in significant costs to insurance providers. The rising demand for improvement in quality across the board is expected to drive significant growth in the healthcare for players in the quality management software market.

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Quality Management Software Market Soars High Amidst Rising Automation

The quality management software market is expected to ride significant growth in the near future as automation continues to be the main trend driving manufacturing. Additionally, automation is expected to new opportunities for growth as the technology also makes for inclusion of robotics. Robots are increasingly during manufacturing for various processes including assembly, inspection, manufacturing, and packaging. Amazon has recently tried the technology in its warehouses to increase efficiency and productivity. Similarly, France-based Geodis SA is boosted its robotic workforce by 75% near the holiday season to help retailers stock up.

Robots rely on clear processes, set of instructions, and can be geared to be extremely productive with quality management softwares. The growth of automation and robotics are expected to emerge as major trends in driving growth of the quality management software market in the near future.

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Quality Management Software Market Rising on Back of Increasing Organisations Requirement

A quality management system (QMS) refers to a number of software that helps companies direct and coordinate their operations. The demand for quality management system is increasing rapidly on account of its ability to maintain balance between costs and manage quality. it enables companies to meet both regulatory and customer requirements.

The need to controlling processes as well as product quality in order to meet regulatory and industry norms is one of the prominent factor expected to boost the growth of the quality management software market. Apart from this, increasing compliance pressure is another factor expected to fuel the growth of the quality management software market. Likewise, there are several other factors which influence the growth of the quality management software market. Some of them are mentioned as below-

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• Several manufacturing companies are focusing on ensuring quality assurance and reducing deviations. This is expected to increase the demand for quality management software market to maintain a consistent growth rate in the coming years.

• The quality management software market is gaining greatly from the rising focus of the enterprises on meeting the demands of consumers and the improving the efficiency of businesses over the next few years.

• However, the increasing security threats associated with the usage of cloud-based platforms may limit the adoption of this software in the years to come, is expected to impact negatively on the quality management software market.

• Nevertheless, several strategies adopted by manufacturers such as mergers, acquisitions, and partnerships are expected to surface as the most efficient methods of the leading players to gain an easy access to the developing markets as well as enhance their technological competence.

• Apart from this, adoption of cloud platforms and Software-as-a-Service (SaaS) solutions is helping organizations reduced overall cost of solutions. This has reduced the infrastructure management and also offered to increase scalability and flexibility.

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Quality Management Software Market Trends and Prospects by 2025

Quality Management Software Market: Overview

The global quality management software market is witnessing a substantial rise, thanks to the increasing uptake of quality management tools in enterprises due to their dynamic business models. The escalating adoption of quality management software by med-sized businesses is prime factor behind this tremendous growth of this market.

Over the coming years, the worldwide market is projected to experience a tremendous rise in the demand for quality management software on the grounds of the rising trend of the globalization of the marketplaces. The augmenting emphasis on the compliance of standards and regulations is also expected to add to the growth of this market significantly in the near future.

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Although the market will gain greatly from the rising focus of the enterprises on meeting the demands of consumers and the improving the efficiency of businesses over the next few years, the security threats associated with the  usage of cloud-based platforms may limit the adoption of this software in the years to come, reflecting negatively on this market.

Strategic mergers, acquisitions, and partnerships are expected to surface as the most efficient methods of the leading players to gain an easy access to the developing markets as well as enhance their technological competence. Moreover, the product advancements and differentiation are anticipated to prove to be beneficial to companies functional in this market.

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Global Quality Management Software Market: Summary

In order to improve operational visibility and productivity of the quality assurance process, service and product driven organizations require quality management software. The quality management software offers a variety of functions such as document control, nonconformance, calibration, change management, and complaint handling, among others, making it an indispensable utility for an organization’s overall quality control.

On the basis of application, the market can be segmented into consumer goods and retail, IT and telecom, defense and aerospace, manufacturing, transportation and logistics, healthcare, and others. Cloud and on-premise are the segments based on deployment in the market. Based on solution, the market is can be further classified into non-conformances / corrective & preventative, audit management, supplier quality management, document control, calibration management, complaint handling, change management, employee training, and other.

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In the report, TMR Research presents a thorough analysis of drivers and restrictions in the global quality management software market. It also provides insight to the various segments and regions of the market.

Global Quality Management Software Market: Trends and Prospects

Globalization of marketplaces, the growing importance of standards’ and regulations’ compliance, increased concentration of organizations on meeting customer demands and improving the efficiency of businesses, and the growing demand for cloud-based QMS solutions due to implied accessibility and scalability are the major factors affecting the global quality management software market in a favorable way.

The manufacturing and transportation and logistics segment account for a large market share, and is expected to lead the market in the coming years as well. The demand is always constant from these sectors due to the strong demand for quality management software owing to the stringent regulations as well as the complex processes and integrated business systems.

Currently, the on-premise deployment segment is the key contributor to the market share, however, in the coming years the demand for cloud-based deployment is expected increase as more and more companies are moving to cloud.

The non-conformance/ corrective & preventive and document control solution segment is expected to lead the market in the forecast period. Large organizations have to mandatory maintain quality adherence in these processes, thereby increasing the demand growth.

Owing to the growing adoption of standard complaint handling processes and tools, the complaint handling segment is projected to further grow to become the market leader over the said period.

Global Quality Management Software Market: Regional Analysis

The global quality management software market can be geographically segmented into Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa. North America and Europe are expected to be the key contributors to the market, and are projected to dominate the market over the forecast period. Early adoption of software and implementation of international standards by industries are the factors supplementing the growth of the market in this region.

Asia Pacific is another promising region exhibiting lucrative opportunities for the quality management software market. The reasons for the fast development in this region include the growing awareness about standard compliance, availability of quality management software and presence of small and medium enterprises. Plus, emerging economies such as China and India are expected to fuel the growth of the market.

Global Quality Management Software Market: Key Players

The report profiles key players operating in the global quality management software market based on various attributes such as financial overview, business strategies, company overview, and recent developments. Hewlett-Packard Enterprise Co., PSC Biotech Corp., Sparta Systems, Inc., SAP SE, Parasoft Corporation, MasterControl, Inc., Siemens AG, Aras Corporation, Autodesk Inc., Dassault Systemes SE, Arena Solutions Inc., Oracle Corporation, and Microsoft Corporation are some of the prominent players in the market.

Quality Management Software Market Helped by Increasing Globalization

San Francisco, California, October 26, 2017: Quality Management Software Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025” is the latest report added by TMR Research which sheds light on the global market landscape of the quality management software services. The research report is a result of compilation of extensive primary as well as secondary research methodologies. The research report makes use of inputs from industry experts, surveys, and personal interviews to provide an in-depth qualitative as well as quantitative evaluation of the global quality management software market. The report also consists of crucial information gathered from the prominent companies that are playing their trade in the global quality management software market. A separate evaluation of the macro as well as micro-economic directives, driving factors of the market, current trends, mandates, and regulation that govern the overall development of the market are also given out in the report.

The global market for quality management software is experiencing a significant growth owing to the growing adoption of the tools for quality management in the businesses because of their dynamic models of business. The increasing adoption of the quality management software by the middle sized enterprises in a key factor behind the accelerated growth of the global market.

Over the coming years of the given forecast period of 2017 to 2025, the global market for quality management software is expected to witness a tremendous growth in the demand for these software on the backdrop of the growing trend of the urbanization and globalization of numerous marketplaces. The growing emphasis on the complying with the regulations and standards is also projected to add to the overall development of the global quality management software considerably over the course of the given forecast period.

Tactical mergers, partnerships, and acquisitions are projected to come up as the most effective methods of the established companies to have an easy access to the emerging markets as well as to bolster their competence in terms of technology. In addition to this, the product differentiation and advancements are expected to prove to be advantageous to the companies operating in the global quality management software market.

Marketplaces are becoming increasingly global and the significance of complying with the regulations and standards is also on the rise. There is also a growing concentration of the companies on matching up the demands of the customers and enhancing the efficacy of their business models. Moreover, there is an increasing demand for cloud based QMS services because of the implied scalability and accessibility. All these above mentioned factors are expected to play an important role in helping the global quality management software market to grow over the coming years of forecast period.

The transportation and logistics and manufacturing segment are expected to account for a larger share in the global market and are expected to continue their dominance in the near future. The demand from these sectors is expected to be constant because of the growing need for quality management software owing to the strict rules and regulations as well as complex procedures and embedded business models.

The global market for quality management software can be segmented into key regions such as Latin America, North America, Europe, the Middle East and Africa, and Asia Pacific.

Some of the key players in the global quality management software market include names such as SAP SE, MasterControl Inc., PSC Biotech Corp., Hewlett-Packard Enterprise Co., and Autodesk Inc. among others.

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