Quality Management Market High Key Players, Rising Technology Trends & Forecast to 2021-2027
Over the forecast period, the cloud segment is expected to be the fastest-growing segment. Cloud technology's increased scalability and flexibility, as well as security and control over the data center, are some of the primary factors expected to drive the cloud segment's growth. Data encryption techniques are widely used to prevent the leakage of sensitive QMS data on the security front. These encryption techniques are expected to drive the cloud segment's growth over the forecast period because they are extremely useful during data transmission.
In terms of solution providers, the quality management systems market is divided into PLM, MES, and ERP vendors who offer QMS solutions as part of their overall enterprise software portfolio. Quality management is usually included as part of an MES solution set's overall manufacturing planning and execution portfolio. As part of their design/build/operate lifecycle, some of the larger PLM providers offer MES solutions. The vast majority of the vendors profiled in this report are pure-play QMS providers.
Because it aids in the streamlining of various business processes, quality management software is gaining popularity around the world. Quality management software offers a variety of solutions that assist businesses in increasing operational efficiency and lowering overall costs. Additionally, this software allows businesses to comply with industry standards and regulations, which is expected to boost the market growth. However, one of the impediments to the global quality management software market's growth is the high cost of quality management software installation.
