Quality Management Software Market by Deployment and Geography - Forecast and Analysis 2022-2026

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71601
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The quality management software (QMS) market share is expected to increase by USD 5.21 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 9.80%.

This quality management software market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers quality management software market segmentation by deployment (on-premises and cloud) and geography (North America, Europe, APAC, MEA, and South America). The quality management software market report also offers information on several market vendors, including Aras Corp., Dassault Systemes SE, Hewlett Packard Enterprise Co., MasterControl Inc., Microsoft Corp., Oracle Corp., Parasoft Corp., PSC Software, SAP SE, and Siemens AG among others.

What will the Quality Management Software Market Size be During the Forecast Period?

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Quality Management Software Market: Key Drivers and Challenges

The rise in adoption of cloud-based quality management software offerings is notably driving the QMS market growth, although factors such as threats from open-source quality management software providers may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the quality management software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Quality Management Software Market Driver

One of the key factors driving growth in the quality management software market is the rise in the adoption of cloud-based quality management software offerings. The adoption of cloud computing is rapidly increasing across the world, owing to the flexibility and cost benefits associated with cloud services. Organizations worldwide are focusing on reducing their overall capital expenditure (CAPEX) and are looking to adopt new technologies with lower CAPEX. Small-scale companies and startups are adopting cloud solutions to leverage the scalability of the hardware and resources offered by cloud providers. Hence, the demand for cloud-based quality management software from end-user industries due to enhanced accessibility and scalability is further expected to boost market growth globally in the coming years.

Key Quality Management Software Market Challenge

The threat from open-source quality management software providers will be a major challenge for the quality management software market during the forecast period. Software such as FlinkISO and Odoo enables enterprises to use quality management functionality free of cost. Moreover, the global quality management software market has many open-source vendors that provide a range of quality management software tools and applications. By combining multiple products from various open-source vendors, an end-user can cover almost all the functionalities provided by on-premises or cloud quality management software vendors. Open-source quality management software is becoming increasingly popular in developing countries, such as India and China, as most of the small-scale enterprises/SMEs in these economies cannot afford to invest in expensive on-premises and cloud-based quality management software. This, in turn, has a negative impact on the revenue and market share of quality management software vendors.

This quality management software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Quality Management Software Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Aras Corp.
  • Dassault Systemes SE
  • Hewlett Packard Enterprise Co.
  • MasterControl Inc.
  • Microsoft Corp.
  • Oracle Corp.
  • Parasoft Corp.
  • PSC Software
  • SAP SE
  • Siemens AG

 

This statistical study of the QMS market encompasses successful business strategies deployed by the key vendors. The quality management software market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The quality management software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Quality Management Software Market?

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31% of the market’s growth will originate from Europe during the forecast period. The UK and Germany are the key markets for quality management software in Europe. Market growth in this region will be faster than the growth of the market in the North American, MEA, and South American regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Deployment Segments in the Quality Management Software Market?

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The quality management software market share growth by the on-premises segment will be significant during the forecast period. This market segment is dominated by large organizations that are concerned more about functionality than cost. These organizations mainly deal with highly critical data, so they increasingly rely on the on-premises model, as it is more secure due to end-to-end quality control and no third-party interference.

This report provides an accurate prediction of the contribution of all the segments to the growth of the QMS market size and actionable market insights on post COVID-19 impact on each segment.

 

Quality Management Software Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 9.80%

Market growth 2022-2026

$ 5.21 billion

Market structure

Fragmented

YoY growth (%)

8.96

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

Europe at 31%

Key consumer countries

US, China, UK, Germany, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Aras Corp., Dassault Systemes SE, Hewlett Packard Enterprise Co., MasterControl Inc., Microsoft Corp., Oracle Corp., Parasoft Corp., PSC Software, SAP SE, and Siemens AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Quality Management Software Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive quality management software market growth during the next five years
  • Precise estimation of the quality management software market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the QMS industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of QMS market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Deployment

  • Market segments
  • Comparison by Deployment
  • On-premises - Market size and forecast 2021-2026
  • Cloud - Market size and forecast 2021-2026
  • Market opportunity by Deployment

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2021-2026
  • Europe - Market size and forecast 2021-2026
  • APAC - Market size and forecast 2021-2026
  • MEA - Market size and forecast 2021-2026
  • South America - Market size and forecast 2021-2026
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Aras Corp.
  • Dassault Systemes SE
  • Hewlett Packard Enterprise Co.
  • MasterControl Inc.
  • Microsoft Corp.
  • Oracle Corp.
  • Parasoft Corp.
  • PSC Software
  • SAP SE
  • Siemens AG

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The quality management software market growth will increase by $5214.39 million during 2021-2026.
The quality management software market is expected to grow at a CAGR of 9.80% during 2021-2026.
Technavio has segmented the quality management software market by deployment (On-premises and Cloud) and geographic (North America, Europe, APAC, MEA, and South America).
Aras Corp., Dassault Systemes SE, Hewlett Packard Enterprise Co., MasterControl Inc., Microsoft Corp., Oracle Corp., Parasoft Corp., PSC Software, SAP SE, Siemens AG are a few of the key vendors in the quality management software market.
Europe will register the highest growth rate of 31.35% among the other regions. Therefore, the quality management software market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the quality management software market growth are:
  • Rise in adoption of cloud-based quality management software offerings
The quality management software market vendors should focus on grabbing business opportunities from the on-premises segment as it accounted for the largest market share in the base year.
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