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(Hosting-NewsWire.com, February 24, 2018 ) Global Market for Quality Management Software is expected to rise at an exceptional CAGR of 13.20% over the period of 2017–2022, with its opportunity increasing to US$24.4 bn by the end of the period of forecast. Based on the solution type, the audit management segment has been leading the market. Expanding at a CAGR of 15.6% over the period from 2017 to 2022, the segment is anticipated to remain on the top over the forthcoming years.
Quality Management Software Market is used to better manage and control quality concerns regarding performance, customer satisfaction, and competitiveness of the organization. This is done by the controlling processes as well as products for consistent quality assurance, reduction in the quality gap between manufacturing practices and end-product expectations, tracking of deviations, and ensuring compliances.
Major companies are as follows: Aras Corporation Arena Solutions Autodesk DassaultSystemes EtQ Hewlett-Packard Enterprise IntelexTechnolgyInc IQMS MasterControl Microsoft Corporation
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The QMS market is expected to witness a tremendous growth due to the increasing demand for the effective management of organizational processes and the need for meeting consumer expectations in a highly competitive market. The growing technology advancements in IT and telecom as well as the automation of the transportation and logistics industries are driving the market growth.
Quality management software offers numerous functionalities including the handling of non-conformances, out of specification test results, calibration, ensuring compliance, as well as a centralized system that ensures connection to organizations’ ERP and CRM systems. All these capabilities, coupled with the reduction in the costs, are energizing the adoption of quality management software across a wide range of industries.
The flexibility and mobility offered by the quality management software in solutions such as document control and non-conformances’ issue resolving are driving the demand for QMS software in large enterprises, contributing to the addition of new functionalities to the software every day. The increasing demand for cloud-based QMS solutions due to implied scalability and accessibility is a major factor for increasing the popularity of the quality management software.
Download Sample Pages Of This Report @ https://tinyurl.com/y8z8fjvk
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Source: EmailWire.Com
Source: EmailWire.com
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