According to a recent report by Reports and Data, the global Quality Control Software Market size was valued at USD 10 billion in 2022, and it is expected to grow at a compound annual growth rate (CAGR) of 11% over the forecast period. QMS is designed to help companies manage and oversee quality issues that affect customer satisfaction, performance, and competitiveness by monitoring and controlling processes and products to ensure consistent quality. By using Quality Control Software, companies can simplify their quality control and management systems, leading to better productivity, efficiency, and profitability.
The adoption of cloud-based QMS systems is increasing, enabling organizations to manage their quality processes and data remotely, improving decision-making and productivity. Furthermore, the healthcare sector is increasingly using Quality Control Software to manage quality control, compliance, risk management, and training management.
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Some key highlights from the report indicate that in 2022, the audit management segment held the biggest revenue share in the worldwide QMS market due to the growing demand for regulatory compliance, such as the ISO 9001 and FDA. The manufacturing segment accounted for the highest revenue growth rate in the QMS market due to the growing importance of maintaining high product quality and complying with industry regulations among manufacturers. The North American market is estimated to account for the largest revenue share in the worldwide QMS market, with regulatory compliance and the adoption of cloud-based QMS solutions driving the demand for QMS in the region.
Driving Factors Of Quality Control Software Market:
There are several driving factors for the growth of the Quality Control Software market. Firstly, QMS helps companies to manage and control quality issues that affect customer satisfaction, performance, and competitiveness. With the increasing need for quality control and management across various industries, the demand for Quality Control Software solutions has been growing.
Secondly, the adoption of cloud-based QMS systems is on the rise, allowing companies to manage their quality processes and data remotely. This flexibility and scalability enable organizations to access and manage quality data in real-time, making decision-making faster and improving productivity.
Thirdly, the healthcare sector is increasingly focusing on patient safety and regulatory compliance, leading to a rise in Quality Control Software implementation. This software can assist healthcare organizations in managing quality control, compliance, risk management, and training management.
Fourthly, the manufacturing sector is another driving factor for the QMS market. The industry has strict laws and standards in place that regulate product safety and quality. To comply with these regulations and improve overall product quality, more manufacturers are adopting quality management software solutions.
Finally, the need for compliance with regulatory standards such as the International Organization for Standardization (ISO) 9001 and the Food and Drug Administration (FDA) is driving the demand for QMS in various sectors like healthcare, manufacturing, and automotive.
Some of the notable innovations in the Quality Control Software Market:
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Cloud-based QMS solutions: With the increasing adoption of cloud technology, QMS vendors have started offering cloud-based solutions. This allows companies to manage their quality processes and data remotely, making decision-making faster and improving productivity.
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Real-time monitoring and reporting: Quality Control Software solutions now offer real-time monitoring and reporting capabilities, providing organizations with up-to-date information on their quality processes.
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Automation: QMS vendors are incorporating automation capabilities into their software solutions. This helps companies to simplify their quality control and management systems, achieving better productivity, efficiency, and profitability.
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Artificial Intelligence (AI) and Machine Learning (ML): AI and ML are being used to improve the accuracy and speed of quality management processes. For example, AI-powered quality control can detect defects and anomalies in real-time, reducing the need for manual inspection.
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Integration with other systems: Quality Control Software solutions are being integrated with other systems, such as Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) systems. This provides organizations with a more holistic view of their business processes.
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Mobile solutions: QMS vendors are developing mobile solutions, allowing users to access quality data and reports on-the-go. This provides flexibility and enables faster decision-making.
Prominent players in the global QMS market:
SAP SE, Microsoft Corporation, IBM Corporation, Oracle Corporation, Adobe Inc., Hewlett Packard Enterprise (HPE), Siemens AG, MasterControl, Inc., Plex Systems, Inc., and IQMS. Some of these companies have recently introduced new quality management programs or made acquisitions to enhance their QMS capabilities, such as Microsoft's acquisition of CloudKnox Security and Oracle's acquisition of Oxygen Systems. Plex Systems introduced a new quality management program called Plex Quality Management, while MasterControl launched a new version of their Quality Control Software called Quality Excellence
Solution Type Outlook (Revenue, USD Billion; 2022 - 2032)
- Audit Management
- Document Control
- Non-conformance/Corrective and Preventative Actions (CAPA)
- Complaints Handling
- Others
Deployment Type Outlook (Revenue, USD Billion; 2022 - 2032)
- On-premises
- Cloud-based
Organization Size Outlook (Revenue, USD Billion; 2022 - 2032)
- Large Enterprises
- Small & Medium-sized Enterprises (SMEs)
Industry Vertical Outlook (Revenue, USD Billion; 2022 - 2032)
- Manufacturing
- Healthcare
- Information Technology (IT) and Telecom
- Transportation & Logistics
- Others
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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