Digital technology‎

Global quality management software market expected key factor for growth is changing business working model, and rising competition across businesses

Quality management software aids business and enterprises to meet quality standards of various process and also helps in maintaining it over the time period. Quality management software solutions can be implemented across the entire process chain or domain wise, as per the business requirement.

Changing business working model, and rising competition across businesses in terms of maintaining product quality and customer satisfaction are major factors driving growth of the global quality management software market. In addition, higher efficiency of these software over traditional or conventional methods is another factor driving growth of the global quality management software market. Also, ERP and CRM systems can be integrated with quality management systems which is another factor propelling growth of the global quality management software market. Moreover, increasing adoption of cloud bases quality management software owing to its scalability and operation flexibility is expected to drive growth of the global quality management software market to a significant extent over the forecast period.

High deployment and maintenance costs are major factors hampering growth of the global quality management software market. The trend observed in the global market is increasing adoption of quality management software in manufacturing, healthcare, and IT sector, and this trend is expected to grow over the forecast period.

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North America dominates the global quality management software market in terms of revenue contribution and is expected to maintain its dominance over the forecast period. This growth can be attributed high adoption rate of these software by manufacturing and healthcare sector. The market in Asia Pacific is expected to witness significant growth and is projected to register a CAGR of XX.X% over the forecast period.

The global quality management software market is segmented on the basis of deployment type, solution type, organization type, application, and region. On basis of region, the global quality management software is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Key players in the global quality management software market are MasterControl Inc., SAP SE, Sparta Systems, Inc., Siemens AG, Aras Corporation, IBM Corporation, Hewlett-Packard Enterprise Co., Arena Solutions Inc., Autodesk Inc., and Oracle Corporation.

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