Seattle, WA -- (SBWIRE) -- 10/02/2019 -- 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.
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The report has been collated on the basis of synthesis, analysis, and interpretation of data accumulated with regards to the parent market from various resources. Additionally, study has been made of the economic conditions and other economic indicators and factors to evaluate their respective impact on the Quality Management market, along with the present impact, so as to make strategic and informed forecasts about the scenarios in the market. This is primarily because of the untapped potentials present in the developing nations, in terms of product pricing and revenue generation.
Report Coverage:
-Worldwide and Top 20 Countries Market Size of Quality Management 2012-2017, and development forecast 2018-2026.
-Main manufacturers/suppliers of Quality Management worldwide and market share by regions, with company and product introduction, position in the Quality Management market.
-Market status and development trend of Quality Management by types and applications.
-Cost and profit status of Quality Management, and marketing status.
-Market growth drivers and challenges.
-Top key players of industry are covered in Quality Management Industry Research Report
-Geographical Regions covered in Quality Management Market report are North America, Europe, Asia Pacific, Latin America, 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.
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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.