Gartner defines Quality Management Systems (QMS) as the business management system that houses internal quality policies and standard operating procedures, including customer requirements, manufacturing capabilities and risk management activities.
The escalating demand for product quality from customers, spurred by news cycles highlighting issues across industries such as aerospace, pharmaceuticals, and automotive, is driving significant growth in the QMS software market. ABI Research forecasts QMS revenues to rise to US$13.7 billion by 2034.
“Growth will primarily be driven by an 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 associated software products such as manufacturing execution systems (MES) and product lifecycle management (PLM), into which QMS software is often partially built.
The success of these aligned software markets will drive increased adoption of QMS solutions,” explains James Prestwood, an industry analyst at ABI Research. “Process manufacturing, especially in highly regulated industries like pharmaceuticals and food & beverage, is poised for rapid adoption of QMS software, driven by ongoing scrutiny.”
“Overall, the quality software market has been somewhat pushed to the side in the past but is now defining its space and value far more clearly across organizations,” Prestwood concludes.
