The market is driven by the increasing adoption of cloud-based quality management software offerings. The flexibility and cost benefits offered by cloud-based solutions are increasing the adoption of cloud computing among enterprises. They help enterprises reduce their overall capital expenditure while adopting the latest technologies. Cloud-based solutions also enable organizations to scale up their workload when required, thereby eliminating the need for the construction of new data centers that requires a lot of capital as well as operational expenditure. Furthermore, the implementation of cloud-based quality management software can be implemented within a short period of time when compared with on-premises quality management software. Many such factors are contributing to the growth of the global quality management software market.
As per Technavio, the threat from open-source quality management software providers will have a negative impact on the market over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2022-2026.
Quality Management Software Market: Challenges
The market has a lot of open-source vendors that offer a wide range of quality management software tools and applications for free. This is making end-users in the market opt for open-source solutions than investing in products offered by major vendors. For example, the availability of open-source software such as FlinkISO and Odoo allows enterprises to use the quality management functionality for free. Moreover, many small-scale enterprises, especially in developing countries such as China and India do not invest in expensive on-premise and cloud-based quality management solutions. All these factors are expected to reduce the growth opportunities for market players during the forecast period.
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Quality Management Software Market: Segmentation Analysis
This market research report segments the quality management software market by deployment (on-premises and cloud) and geography (North America, Europe, APAC, MEA, and South America).
By deployment, the on-premise segment generated maximum revenue in the market in 2021. The segment is driven by the high security offered by on-premise solutions.
The North American region led the quality management software market in 2021, followed by Europe, APAC, MEA, and South America respectively. However, during the forecast period, Europe is expected to register the highest incremental growth. Also, the market will observe faster growth in Europe through 2026.
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Some of the key topics covered in the report include:
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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Quality Management Software Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.80% |
Market growth 2022-2026 |
USD 5.21 billion |
Market structure |
Fragmented |
YoY growth (%) |
8.96 |
Regional analysis |
North America, Europe, APAC, MEA, and South America |
Performing market contribution |
Europe at 31% |
Key consumer countries |
US, China, UK, Germany, and Japan |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Aras Corp., Dassault Systemes SE, Hewlett Packard Enterprise Co., MasterControl Inc., Microsoft Corp., Oracle Corp., Parasoft Corp., PSC Software, SAP SE, and Siemens AG |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2021
- Market outlook: Forecast for 2021 - 2026
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Deployment
- Market segments
- Comparison by Deployment
- On-premises - Market size and forecast 2021-2026
- Cloud - Market size and forecast 2021-2026
- Market opportunity by Deployment
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2021-2026
- Europe - Market size and forecast 2021-2026
- APAC - Market size and forecast 2021-2026
- MEA - Market size and forecast 2021-2026
- South America - Market size and forecast 2021-2026
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Aras Corp.
- Dassault Systemes SE
- Hewlett Packard Enterprise Co.
- MasterControl Inc.
- Microsoft Corp.
- Oracle Corp.
- Parasoft Corp.
- PSC Software
- SAP SE
- Siemens AG
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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