Market revenue in 2023 | USD 682.9 million |
Market revenue in 2030 | USD 1,448.2 million |
Growth rate | 11.3% (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 57.45% in 2023. Horizon Databook has segmented the Latin America quality management software market based on on-premise, cloud covering the revenue growth of each sub-segment from 2018 to 2030.
Various governments such as Argentina, Brazil, and Colombia have established national Quality Assurance (QA) systems for the development of industries. Moreover, most of the Latin American medical and hospital associations demand compliance-based products and services from the healthcare industry.
Such a regulatory regime in the region is the major propeller of QMS solutions market growth. As most industries that use QMS are involved in manufacturing or services provisioning, complaint handling is the most dominant segment.
In June 2022, Prassarini Group, a healthcare regulatory company adopted the ISO 13485 regulation for manufacturing industries. The ISO 13485 is a voluntary standard published by the International organization. ISO 13485 meets all regulations, is implemented in many countries, including Brazil. Most of the Brazil’s businesses are SMEs.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America quality management software market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America quality management software market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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