Gartner defines Quality management systems (QMS) as a business management system that houses internal quality policies and standard operating procedures, including customer requirements, manufacturing capabilities and risk management activities.
Growing customer demand for product quality, driven by news cycles highlighting issues in industries such as aerospace, pharmaceuticals, and automotive, is driving significant growth in the QMS software market . ABI Search predicts QMS revenue will reach $13.7 billion by 2034.
“Growth will be primarily driven by the increasing need to focus on product quality from manufacturers, Artificial intelligence (AI) creating a wide range of new use cases in QMS software, and the strong growth of closely related software products such as manufacturing execution systems (MES) and product life cycle management (PLM), in which QMS software is often partially integrated.
The success of these aligned software markets will drive increased adoption of QMS solutions,” explains James Prestwood, industrial analyst at ABI Research. “Manufacturing processparticularly in highly regulated industries like pharmaceuticals and food and beverage, is poised to rapidly adopt QMS software, driven by continued scrutiny.
“Overall, the quality software market has been somewhat sidelined in the past, but it is now defining its space and value much more clearly in organizations,” concludes Prestwood.
