Overview:
Quality Management Software (QMS) refers to a suite of tools designed to help organizations monitor, manage, and enhance their quality processes. These systems streamline workflows, ensure compliance with industry standards, and promote continuous improvement by providing actionable insights. QMS solutions are critical for industries such as manufacturing, healthcare, automotive, and IT, where maintaining high-quality standards is imperative.
According to Polaris Market Research, the global Quality Management Software market size was valued at USD 9.92 billion in 2023 and is anticipated to generate a revenue of USD 24.92 billion by 2032, with a CAGR of 11.0% from 2024 to 2032.
Download Free Sample PDF Copy of the Report:
Market Opportunities
Integration of Artificial Intelligence (AI) and Machine Learning (ML): The incorporation of AI and ML technologies into QMS systems is transforming the market. These advancements enable predictive analytics, anomaly detection, and process optimization, offering businesses deeper insights and improved decision-making capabilities.
Growing Adoption in Small and Medium Enterprises (SMEs): While QMS adoption has traditionally been higher among large corporations, SMEs are increasingly recognizing its value. With affordable, scalable cloud-based solutions, QMS providers can tap into this untapped market segment, offering tailored features to meet SME needs.
Key Companies in the Quality Management Software Market include:
- Cority
- Dassault Systèmes
- Hexagon MI
- Honeywell International Inc.
- Ideagen
- Innovaccer, Inc.
- Intelex Technologies
- IQVIA Inc
- Katalon, Inc.
- MasterControl Solutions, Inc.
- MetricStream
- Microsoft
- Oracle
- Plex (Rockwell Automation)
- PTC
- Qualio
- SAP SE
- Siemens AG
- Sparta Systems Inc.
Quality Management Software Market Report Highlights
- The cloud-based segment of the Quality Management Software Market is anticipated to grow with the highest CAGR owing to its wide array of advantageous functionalities, including mobility and adaptability.
- The manufacturing segment dominated the Quality Management Software Market in 2023 because of its crucial demand for uniform regulatory compliance and quality control in highly regulated and competitive environments.
- The North American region dominated the Quality Management Software Market share in 2023. This is attributed to the increasing focus on ensuring regulatory compliance and quality standards in healthcare products and services, particularly within medical and hospital associations within the region.
Polaris Market Research has segmented the Quality Management Software Market report based on deployment, solution, enterprise size, and application:
Quality Management Software, Deployment Outlook (Revenue – USD Billion, 2019 – 2032)
- On-Premise
- Cloud-Based
Quality Management Software, Solution Outlook (Revenue – USD Billion, 2019 – 2032)
- Complaint Handling
- Document Control
- Non-Conformances/Corrective & Preventative
- Employee Training
- Mobile Incidents & Event Reporting
- Change Management
- Quality Inspection (PPAP & FAI)
- Audit Management
- Calibration Management
- Supplier Quality Management
Quality Management Software, Enterprise Size Outlook (Revenue – USD Billion, 2019 – 2032)
- Small and Medium Enterprises
- Large Enterprises
- Others
Quality Management Software, Application Outlook (Revenue – USD Billion, 2019 – 2032)
- Consumer Goods & Retail
- Defense & Aerospace
- Food & Beverage
- Government
- Healthcare
- IT & Telecom
- Life Sciences
- Manufacturing
- Transportation & Logistics
- Utilities
- Others
The Quality Management Software (QMS) market is poised for robust growth, driven by regulatory compliance needs, technological advancements, and a growing focus on quality assurance. With opportunities emerging in developing economies, SMEs, and AI-powered solutions, the QMS market holds immense potential for innovation and expansion. Businesses investing in QMS not only ensure compliance but also achieve operational excellence and a competitive edge in their respective industries.