SINGAPORE, May 29, 2024 /PRNewswire/ — Growing customer demand for product quality, driven by news cycles highlighting issues in industries such as aerospace, pharmaceuticals and automotive, is driving significant growth of the Quality Management Systems (QMS) Software market, with global technological intelligence. farm ABI Search forecasting that revenues will increase to 13.7 billion US dollars 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 software products closely associated such as manufacturing execution systems (MES) and product lifecycle 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. “Process manufacturing, particularly in highly regulated industries like pharmaceuticals and food and beverage, is poised for rapid adoption of QMS software, driven by continued scrutiny. »
The QMS software market is home to a wide range of vendors, with the market dominated by solution providers who bundle their solutions with a broader software portfolio, such as Dassault Systèmes, Honeywell, CTPAnd Siemens. The long tail of small players such as Quest for Compliance, Compliance of points, Veeva Systems, IQVIAAnd Intellect either differentiate their solutions with specific orientations to the manufacturing market, or with new innovative features such as AI.
“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.
These results come from QMS Software Market Data Overview: First Quarter 2024 report. This report is part of the company report Industrial and manufacturing technologies research service, which includes research, data and ABI Insights.
About ABI Research
ABI Research is a global technology intelligence company uniquely positioned at the intersection of technology solutions providers and end-market businesses. We serve as a bridge that seamlessly connects these two segments by providing proprietary research and expert advice to drive successful technology implementations and deliver proven strategies to attract and retain customers.
ABI Research has issued a press release on ABI Research.经证明可吸引和留住客户的战略，无缝连接这两大主体。
For more information about ABI Research services, contact us at +1.516.624.2500 for the Americas, +44.203.326.0140 for the Americas. Europe+65.6592.0290 in Asia Pacificor visit www.abiresearch.com.
Contact information:
Global
Deborah Petrara
Tel: +1.516.624.2558
(email protected)
SOURCE ABI Research
