Quality management software assists firms in maintaining the quality of their products or services. Businesses across a range of industries are implementing efficient quality management software as a result of rising competition and regulatory mandates for quality measures. This is expected to contribute to the market's expansion. One of the main factors influencing the demand for quality management software in sectors including healthcare, automotive, telecommunications, and consumer goods is the numerous standards and laws that governments around the world have established to maintain product quality. Businesses are being compelled by the standards of many organizations to deploy high-quality software in order to meet product quality requirements while lowering product waste and costs. To satisfy these requirements and shorten process times, businesses must incorporate quality management software or solutions into their process architectures. However, escalating concerns about data security and privacy in cloud- or SaaS-based solutions are a significant obstacle to the quality management market's expansion on a global scale.
The global Quality Management Market is anticipated to expand at a CAGR of 12.9% from 2018 to 2023.
Top Companies in the Quality Management Industry:
1. Autodesk Inc.
Autodesk Inc. is an American multinational software corporation that makes software products and services for the architecture, engineering, construction, manufacturing, media, education, and entertainment industries. It was founded in 1982 and headquartered in San Francisco, California, U.S. It operates in more than 85 countries. In May 2023, cloud integration will simplify document management and collaboration. In order to streamline document management between the two market leaders, Join, the collaborative project delivery platform for the built environment, has announced a new integration with Autodesk Construction Cloud®, a portfolio of software and services that combines cutting-edge technology, a builders network, and predictive insights for construction teams.
2. IQS Enterprise Quality Management and Compliance Software
IQS Enterprise Quality Management and Compliance Software was founded in 1995 and headquartered in Ohio, United States. It operates in 70 countries.
3. MasterControl, Inc
MasterControl, Inc. was founded in 1993 and headquartered in Salt Lake City, Utah, United States. It operates around the world. MasterControl, a leading provider of software solutions for the life sciences and other regulated industries, announced the most recent updates to its MasterControl Manufacturing ExcellenceTM solution, which was chosen by over 20 new customers in Q4 2020 to digitalize and modernize clinical and commercial manufacturing operations. Both solutions were released in April 2021. The company's cloud clients can access this release, version 2020.3, which includes upgrades based on customer feedback and offers better security, flexibility, and collaboration.
4. Oracle Corporation
Oracle Corporation is an American multinational computer technology corporation. It was founded in 1977 and headquartered in Texas, U.S. It operates in more than 140 countries. Oracle supports healthcare firms in Oct 2022 by enhancing staff satisfaction and patient care. Healthcare firms might improve staff development, support, and empowerment with the use of specialized HR solutions in Oracle Cloud HCM, which would enhance patient care for all organizations.
5. Intelex Technologies
Intelex Technologies was founded in 1992 and headquartered in Ontario, Canada. It operates in 172 countries. In February 2022, Intelex Technologies, a major international supplier of Environmental, Health, Safety, and Quality (EHSQ) management software, will have concluded 2021 with ongoing expansion, fresh partnerships, and strategic development in both Europe and Asia.
6. Pilgrim Quality Solution
Pilgrim Quality Solution was founded in 1993 and headquartered in Florida, United States. It operates globally.
7. MetricStream Inc.
MetricStream Inc was founded in 1999 and headquartered in California. It operates in New York, London, Milan, Madrid, Dubai, Sydney and Bangalore, among several other cities globally. The public introduction of MetricStream's COVID-19 Solution, which is intended to assist organizations in controlling the COVID-19 pandemic, was announced. MetricStream is the undisputed market leader in enterprise cloud solutions for governance, risk, compliance, and quality management. As a quick response to the problem in March, the solution was developed.
8. Sparta Systems, Inc.
Sparta Systems, Inc. was founded in 1994 and headquartered in New Jersey,United States (USA). It operates in more than 30 countries. The opening of a Global Center of Excellence in Mumbai has been announced by Sparta Systems, Inc., the top provider of quality management software for the life sciences industry worldwide, for the month of October 2020. The new India facility will help Sparta's global expansion strategy and its growing customer base of TrackWise Digital® as demand for SaaS-based digital QMS grows.
9. SAP SE
SAP SE was founded in 1972 and headquartered in Weinheim, Germany. It operates in 130 countries.
10. Arena Solutions Inc.
Arena Solutions Inc was founded in 2000 and headquartered in California, United States. It operates in over 125 countries.
*Definition: Quality management is the act of overseeing all activities and tasks needed to maintain a desired level of excellence. Quality management includes the determination of a quality policy, creating and implementing quality planning and assurance, and quality control and quality improvement.
