The Quality Management Software Market is being driven by Rise in adoption of cloud-based quality management software offerings
The Quality Management Software Market is expected to grow at a CAGR of 10.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 7641.3 million. The shift towards Software-as-a-Service (SaaS) solutions for quality management among enterprises is gaining significant traction. Small and Medium-sized Enterprises (SMEs) are increasingly opting for SaaS-based quality management software due to its expeditious and cost-effective implementation. Unlike traditional software, SaaS-based solutions do not necessitate installation as they are hosted in the provider's data center, allowing users to access them on a subscription basis. End-users pay a recurring fee, which encompasses maintenance costs and system upgrades. The adoption of SaaS-based quality management software among SMEs is projected to surge due to its heightened data security, scalability, and reduced upfront investment.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
227 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.7% |
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Market growth 2025-2029 |
USD 7641.3 million |
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Market structure |
market_structure.ucfirst |
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YoY growth 2024-2025(%) |
9.8 |
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Key countries |
US, Canada, China, UK, Japan, India, Germany, France, South Korea, and Italy |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Quality Management Software Market encompasses solutions designed to facilitate various aspects of quality management. These include Quality Data Management for data collection and analysis, Issue Tracking and Reporting for addressing quality incidents, Risk Assessment for identifying potential issues, and Policy, Manual, Procedures, Records, Training, Certifications, Best Practices, and Improvement Programs for ensuring consistent quality.
The IT software market encompasses businesses specializing in the development and production of application, system, and database management software. Technavio's market analysis includes revenues generated by companies providing various types of IT software, including cloud-based solutions. This sector caters to enterprise and technical applications, excluding those in the interactive home entertainment industry and systems software sub-industry, such as Non-Conformance Management, Risk Management, Audit Management, and Document Control systems.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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