Global Quality Management Software (Complaint Handling, Document Control) Market Size, Share & Trends Analysis Report 2022-2030 – ResearchAndMarkets.com – Business Wire
DUBLIN–(BUSINESS WIRE)–The “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 has been added to ResearchAndMarkets.com’s offering.
The global quality management software market is estimated to reach USD 20.66 billion by 2030, registering a CAGR of 10.4%
The rising developments in QMS functions, as well as the increasing integration of artificial intelligence and machine learning technologies, are the factors anticipated to drive the market demand. The market is expected to gain traction owing to the increasing penetration of the Internet of Things (IoT), Industrial Internet of Things (IIoT), and smart devices.
The outbreak of COVID-19 is likely to impact businesses drastically, due to the stifling innovation, suppressing profitability, and drying up cash flow and financial reserves. IT and software development industries have also been facing challenges because of this unforeseen outbreak.
However, the impact on the software industry, including QMS solutions, has been relatively low. The manufacturing and transport & logistics industries are expected to experience a significant negative impact in the aftermath of the pandemic.
The suspension of production along with the trade of various goods and services is 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. However, industries such as healthcare in addition to IT & telecom are likely to witness growth opportunities.
Effective and efficient change management has become more critical in the life sciences industry as the global need for access to medicinal products and medicines has increased exponentially. QMS vendors are instrumental in providing solutions with customized features to meet the increasing needs of the healthcare industry.
QMS software offers various functionalities, including out-of-specification test results, handling of non-conformances, calibration, ensuring compliance as well as a centralized system that ensures connection to organizations’ ERP and CRM systems. All these functionalities, coupled with benefits such as reduction of operational costs and business process optimization, are estimated to propel the adoption of QMS across a wide range of industries.
The QMS market is also anticipated to witness significant growth owing to the rising demand for the effective management of organizational processes and the need for meeting consumer expectations in a highly competitive market.
In addition, the rapidly increasing technological advancements in the IT & telecom sector and growing automation of the transportation & logistics industry are also contributing to the market demand.
Quality Management Software Market Report Highlights
Competitive Landscape
Market Dynamics
Market driver analysis
Market challenge analysis
Industry Analysis
Vendor Selection Criteria
Regulatory Framework
Vendor Ecosystem
For more information about this report visit https://www.researchandmarkets.com/r/ulapjg
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ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
