Quality Management Market

1. Quality management Market Competitive Intelligence and Tracking Report Till 2026 quality management Market research provides industry analysis by type, manufacturer, application along with key factors influencing the growth of the market which include growth drivers, restraints, opportunities and challenges, strategically profile key players and comprehensively analyze their market share and core competencies. The global quality management market is estimated to be valued at US$ 13,833.2 Mn in 2018 and is expected to increase to US$ 25,418.9 Mn by 2023, registering a CAGR of 12.9% over the forecast period (2018-2023). Quality management software aids organizations to maintain quality of product or services it offers. Increasing competition and government regulations for quality measures is propelling organizations across various industries to adopt effective quality management software. This is expected to aid in growth of the market.Governments of various countries have implemented various standards and regulations for maintaining product quality and this is one of the major factors increasing demand for quality management software in various verticals such as healthcare, automotive, telecommunication, and consumer goods. Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request- pdf/1825 International Organization for Standardization, BSI Group, Food and Drug Administration, and Food Safety and Standards Authority of India are some of the government or non-profit organizations, which have set standards for product quality. International Organization for

2. Standardization, is a Switzerland-based non- government organization that has set worldwide industrial and commercial standards and works in 162 countries. Whereas, BSI Group is a U.K.- based national standard body that makes technical standards on a wide range of product and services. Such standards by various organizations is driving companies to adopt quality software to meet them for product quality and reduce product waste and cost. It is important for organizations to install quality management software or solutions in their process structure, which helps them in achieving these standards and also reduce process time. Global Quality Management market is estimated to be valued at US$ 13,833.2 Mn in 2018 and is expected to witness a CAGR of 12.9% over the forecast period (2018-2023) However, increasing concerns related to data security and privacy in cloud- or SaaS-based solutions is a major factor hindering growth of the quality management market, globally. Data breaches, hacking of accounts, insider threat, malware injection, abuse of cloud services, insecure APIs, denial of service attacks, insufficient due diligence, shared vulnerabilities, data loss are some of the cloud based security concerns, which is negatively affecting adoption of cloud-based quality management software North America accounted for the highest market share in 2016 On the basis of geography, global quality management market is segmented into North America, Europe, Asia Pacific, Middle East, and Africa. Quality management market in North America held the dominant position in 2016 and is expected to retain its dominance over the forecast period. The quality management market in this region is projected to reach US$ 8,489.93 million by 2023. North America has well established advanced technological infrastructure in terms of manufacturing and information technology services. According to National Association of Manufacturers of the U.S., North America is the largest manufacturer in the world contributing around 18.2% of the total goods manufactured globally in 2016. Furthermore, dominant conglomerates across the globe have their strong presence in the region, which paves the way for progressive adoption of quality management software. Europe and North America collectively contributed to around 60% of the total revenue in 2016 and are expected to grow at significant rate during the forecast period. Asia Pacific quality management market is projected to exhibit the highest CAGR of 13.2% during the forecast period. The manufacturing sector has to keep up with the growing demand for products and services. Therefore, smart technology incorporated manufacturing will help companies in this region to increase their productivity. This is expected to propel growth of the

3. manufacturing sector in the region. This increase in manufacturing facilities is expected to aid in growth of the quality management software market in the region over the forecast period. Browse insight/global-quality-management-market-1825 Complete Report @ https://www.coherentmarketinsights.com/market- Key companies Major players operating in the global quality managements market include IQS Enterprise Quality Management and Compliance Software, MasterControl, Inc., EtQ, Intelex Technologies, Pilgrim Quality Solution, MetricStream Inc., Sparta Systems, Inc., SAP SE, Arena Solutions Inc., Autodesk Inc., Oracle Corporation, Aras, AssurX, Inc., Plex Systems, Inc., IQMS, Inc., Unipoint Software, Inc., Ideagen Plc, Dassault Système SE, Siemens AG, and Micro Focus. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action- ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: sales@coherentmarketinsights.com