Market revenue in 2023 | USD 2,817.4 million |
Market revenue in 2030 | USD 4,983.0 million |
Growth rate | 8.5% (CAGR from 2023 to 2030) |
Largest segment | On-premise |
Fastest growing segment | Cloud |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | On-premise, Cloud |
Key market players worldwide | Dassault Systemes SE, Hexagon AB ADR, Ideagen, Intelgenx Technologies Corp, MasterControl, Microsoft Corp, Oracle Corp, IQVIA Holdings Inc, Rockwell Automation Inc, SAP SE, Siemens AG, Sparta Systems, Veeva Systems Inc Class A, Arena Solutions, UNIPOINT, Cority, MetricStream |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to quality management software market will help companies and investors design strategic landscapes.
On-premise was the largest segment with a revenue share of 73.1% in 2023. Horizon Databook has segmented the Europe quality management software market based on on-premise, cloud covering the revenue growth of each sub-segment from 2018 to 2030.
Several end-use industries observed supply chain disruptions amid the COVID-19 pandemic, including the construction industry. This created the need for examining construction quality management and how businesses need to alter their operations to cope with the disruptions in supply chain operations or capacity. It also created the need for new products to recover from the negative effects of the pandemic, operate more effectively, and be better equipped to handle unforeseen threats in the future.
For instance, in July 2020, Ideagen, inc., a European software company introduced Q-Pulse, a quality management system. It provided an easily accessible central place for storing and accessing all the necessary data and documentation. Moreover, it implements strong internal controls for risk and compliance needs. It also aids in streamlining procedures and operations in the wake of the COVID-19 pandemic. Quality management software is required in the food and manufacturing industries to ensure food safety and quality. Large to small businesses require the appropriate instruments to successfully implement quality procedures in the industry.
For instance, in June 2021, AFP Inc., a U.K.-based provider of quality management software, introduced quality management software for the food and manufacturing industries. Users will be constantly informed about the modifications that need to be made by digitally replicating all internal systems. By using a hand-held device, data is gathered in real time, enabling users to identify problems and resolve them. Additionally, it includes capabilities to halt output as well as rapid access and record retrieval.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe quality management software market , including forecasts for subscribers. This continent databook contains high-level insights into Europe quality management software market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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