Market Highlights:
Quality management software is the combination of IT architecture with data models which provide cross functional collaboration. It helps in managing business processes across the value chain for quality compliance. Quality management software has wide functionalities such as compliance management, risk management, audit management, calibration management, compliant handling, and many more. Quality management software (QMS) helps in the real time visibility of quality metrics in manufacturing which will be helpful for estimating quality helpful for internal purposes. QMS helps in managing cross functional teams such as product design, manufacturing, and suppliers. Developments in IT architecture has led enterprises and organizations to adapt QMS in order to improve operational efficiency.
The adoption of quality management tools vary depending on the size of the organization. Small organizations push quality data through specific entry points while in the case of large enterprises data runs through a central system which helps in executing and process corrections. MasterControl, a provider of document management software solutions is offering software and solutions for the challenges faced by the companies. The company’s integrated solutions are web-based which have the capacity to join all departments of organization regardless of their location. The MasterControl’s QMS applications are capable of streamlining and effectively managing quality control processes.
The increasing awareness among organizations to produce quality products and services and rise in regulations for quality constraints across various industries, are fuelling the market growth. However, the high deployment cost associated with QMS are hampering the market growth.

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Major Key Players:
• Pilgrim Quality Solutions, Inc. (U.S.)
• Sparta Systems, Inc. (U.S.)
• IQS, Inc. (U.S.)
• MasterControl, Inc. (U.S.)
• MetricStream, Inc. (U.S.)
• SAP SE (Germany)
• Plex Systems, Inc. (U.S.)
• Arena Solutions, Inc. (U.S.)
• Intelex Technologies, Inc. (Canada
• QUMAS (U.S.)
• General Electric Company (U.S.)
• AssurX, Inc. (U.S.)
• IBM Corporation (U.S.)
• Autodesk Inc, (U.S.)
• Hewlett Packard Enterprise (U.S.)

Regional Analysis:
The global Quality Management Software Market is studied in North America, Europe, Asia Pacific and rest of the World. North America holds the majority of market share followed by Asia Pacific and Europe. The increasing awareness of quality management software among organizations is driving the market in North America region. IBM Corporation, an American multinational technology company is offering quality management software which helps in identifying the process required for quality and their implementation, monitor, measure, analyze, identifying and implementation of actions that are necessary to increase the quality in the output.

Asia Pacific is anticipated to witness steep growth through the forecast period. Owing to increase in adoption of quality management across various industries, raising awareness to produce cost-effective products are driving the market in the region. Anritsu Corporation, a Japanese telecommunications company is offering quality management software known as QuiCCA which is an advanced tool for quality control. It helps in managing and controlling the operation across the production line by recording data at the time of production which will be helpful for audit purposes.

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Key Findings:
• In February 2018, Sparta Systems Inc., a leading provider of regulatory and quality management software solutions launched cloud-based application known as Trackwise digital which is a quality management software. This software helps the healthcare industry by integrating quality and compliance management processes.
• On Feb 08, 2018 Rizepoint, provider of software solutions launched a quality management based on blockchain. With the help of block chain the enterprises can track their supply chain movements from thousands of suppliers for unified quality management

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Intended Audience:
• Software developers
• Testing
• Research Organizations
• Cloud service providers
• Software vendors
• IT providers

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