Quality And Compliance Management Solution Market

Quality and Compliance Management Solution Market: On-premise Implementation Model Segment Likely to Remain Dominant Through 2026: Global Industry Analysis & Opportunity Assessment, 2016-2026

Quality and compliance management system ensures users that their products or services comply with industry’s standards/regulations. Quality and compliance management solutions are available in a set of interrelated modules (e.g. document and product data management, quality management, change management, audit management, governance & compliance management, supplier management etc.) In this report the quality management (QMS) applications market is segmented on the basis of module, industry, implementation model, company size and region. The modules of quality and compliance management solutions includes document & product data management, quality management, change management, audit management, governance & compliance management, and supplier management. By module, government and compliance management is expected to dominate the market during the forecast period. The global quality and compliance management solution market was valued at US$ 10.8 Bn in 2015 and is expected to expand at a CAGR of 11.0% during the forecast period (2016–2026).

QCMS helps manufacturers to survive in a highly competitive environment and increase productivity

Seamless integration with existing enterprise systems/platforms which boosts expansion, increasing regulatory complexity in life sciences industry, and need for efficiency and cost saving solutions are the key factors driving the growth of the quality and compliance management solution market globally. Various regional health authorities across the globe are increasingly implementing region-specific standards, which adds additional cost and complexities for global manufacturers to operate across geographies. Effectively managing and fulfilling all these regulatory requirements help manufacturers to survive in a highly competitive environment. Hence, manufacturers in life sciences industry find these quality and compliance software a suitable option to reduce risk of losing market share, which results in increasing demand for QMS solutions in life science industry.

High cost of quality and compliance management solution is the main factor affecting the adoption rate among SMEs across the globe. Most small and medium level manufacturing organisations face affordability issues to deploy quality and compliance management solutions, and hence are forced to opt for manual processes over automated ones.

Market Segmentation

By Module

By Industry

By Implementation model

By Company Size

By Region

  • Document and Product Data Management

  • Quality Management

  • Change Management

  • Audit Management

  • Governance and Compliance Management

  • Supplier Management

  • Aerospace and Defence

  • Automotive

  • Consumer Goods and Retail

  • Healthcare and Life Sciences

  • ITES and Telecom

  • Other industries

  • On-premise

  • Cloud based

  • Large Enterprises

  • Medium Enterprises

  • Small Enterprises

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • Asia Pacific Excluding Japan

  • Japan

  • Middle East and Africa

The healthcare and life science segment is anticipated to register the highest CAGR during the forecast period

On the basis of industry, the global quality and compliance management solution market is segmented into aerospace & defence, automotive, consumer goods and retail, healthcare & life science, ITES & telecom, and other Industries. In 2015, the healthcare & life science segment held approximately 70% of overall quality and compliance management solution market and is anticipated to register the highest CAGR during the forecast period.

 The on-premise segment of QCMS is expected to remain dominant during the forecast period

On the basis of implementation model, the global quality and compliance management solution market is segmented into on-premise and cloud based. The on-premise segment was the dominant segment in 2015 and expected to register a significant CAGR during the forecast period.

 The small enterprise segment is forecasted to register the highest CAGR during the forecast period

On the basis of company size, the global quality and compliance management solution market is segmented into large enterprises, medium enterprises, and small enterprises. The small enterprise is anticipated to register the highest CAGR during the forecast period.

 North America is projected to register a robust growth in the global QCMS market

Among all the regions, North America was the largest market for global quality and compliance management solution market valued at 4.4 Bn in 2015 and is expected to register a double digit growth during the forecast period.

global qcms application market

Key market players in the global QCMS market

Some of the prominent players identified across the globe are Pilgrim Quality Solutions, MasterControl, Inc., Aras, Arena Solutions, Inc., EtQ, IQS, Inc., Oracle, SAP, Sparta Systems, Inc., and others. These prominent players are following highly individualised and custom made strategies to increase their foothold in the global QCMS market.

The report “Quality and Compliance Management Solution Market - Global Industry Analysis & Opportunity Assessment, 2016-2026,” offers a 10-year forecast for quality and compliance management solution market between 2016 and 2026. This study demonstrates the market dynamics and trends globally across seven regions North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA which influence the current nature and future status of the quality and compliance management solution market over the forecast period.

Report description

This research report provides detailed analysis of quality and compliance management solution market and offers insights on the various factors driving popularity of these products and solutions. The market study provides comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on quality and compliance management solutions across different regions globally.

The report starts with an overview of the global quality and compliance management solution market In addition, this section includes analysis of key trends, drivers and restraints from the supply, demand and economy side, which are influencing the quality and compliance management solution market globally. Impact analysis of key growth drivers and restraints, based on the weighted average model is included in this report to facilitate clients with crystal clear decision-making insights.

The global quality and compliance management solution market is segmented on the basis of module, industry, implementation model, company size and region. On the basis of module, the global quality and compliance management solution market is segmented into document & product data management, quality management, change management, audit management, governance & compliance management, and supplier management. On the basis of industry, the global quality and compliance management solution market is segmented into aerospace & defence, automotive, consumer goods and retail, healthcare & life science, ITES & telecom, and other industries. On the basis of implementation model, the global quality and compliance management solution market is segmented into on-premise and cloud based. On the basis of company size the global quality and compliance management solution market is segmented into large enterprises, medium enterprises, and small enterprises.

A detailed analysis has been provided for every segment in terms of market size analysis for the global quality and compliance management solution market across different regions. The section provides a detailed analysis covering key trends, absolute dollar opportunity and BPS Analysis.

The next section highlights detailed analysis of the quality and compliance management solution market across various countries in the region. It provides a market outlook for 2016–2026 and sets the forecast within the context of the quality and compliance management solution, including latest technological developments as well as service offerings in the market. This study discusses key trends within countries contributing to growth of the market, as well as analyses degree at which drivers are influencing this market in each region.

This report evaluates the present scenario and the growth prospects of the quality and compliance management solution market across various regions globally for the period 2016 –2026. We have considered 2015 as the base year and provide data for the trailing 12 months.

In the final section of the report, we have included a competitive landscape to provide clients with a dashboard view, based on categories of providers in the value chain, presence in global quality and compliance management portfolio and key differentiators. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the quality and compliance management solutions value chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the quality and compliance management solution market.

Research methodology

To calculate the global quality and compliance management solution market size, we have considered factors such as end users IT spending on quality and compliance application, and revenue contribution of the top players. The forecast presented here assesses the total revenue by value across the market. In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the quality and compliance management solution market will develop in the future. Given the characteristics of the market, we triangulated the outcome of different types of analyses, based on the technology trends.

In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the market.

As previously highlighted, the global quality and compliance management solution market is split into a number of segments. All segments in terms of module, industry, implementation model, company size and based on different regions are analysed in terms of basis point to understand individual segment’s relative contributions to market growth. This detailed level of information is important for identification of various key trends of the global quality and compliance management solution market.

Also, another key feature of this report is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global quality and compliance management solution market.