The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Quality Management Softwares Market. The growth sectors of the Quality Management Softwares Market are identified with precision for a better growth perspective.
The global software quality assurance market is projected to register a CAGR of 9.6% during the forecast period from 2019 to 2025 to reach USD 14.01 billion by the end of the forecast. The geographic analysis of the market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America is expected to be the dominating region in terms of the adoption of software quality assurance services and solutions. For the purpose of analysis, the North American market has been segmented into the US, Canada, and Mexico. The growth of this market can be attributed to the high need for software quality assurance solutions in the manufacturing, telecommunications and IT, and healthcare verticals. The US is the leading country-level market, while Mexico is projected to be the fastest-growing during the forecast period.
The European software quality assurance market has been divided into the UK, Germany, France, and the rest of Europe. In terms of market size, Europe is expected to be the second-largest region. The growing demand for enterprises to reduce the total cost of production by improving quality is driving the market growth in Europe. The UK is projected to be the leading country-level market, while Germany expected to register the highest growth over the review period.
The market in the Middle East & Africa and South America, the market is still in the nascent stage and is expected to grow steadily in the near future.
The global software quality assurance market has been segmented based on solution, deployment, organization size, vertical, and region/country.
By solution, the global software quality assurance market has been divided into supplier quality management, non-conformances/corrective & preventative, change management, document control, audit management, complaint handling, calibration management, employee training, and others. The non-conformances/corrective & preventative segment is expected to be the fastest-growing during the forecast period.
By deployment, the global software quality assurance market has been divided into cloud and on-premise. The market share of the on-premise deployment is expected to be higher in 2019, while the cloud deployment is expected to have higher CAGR in the forecast period.
According to MRFR analysis, Cority Software Inc. (Canada), Microsoft Corporation (US), QT9 Software (US), Oracle Corporation (US), Unipoint Software, Inc. (Canada), EtQ Management Consultants, Inc. (US), Verse Solutions, Inc. (US), Siemens AG (Germany), Iqms, Inc. (US), MetricStream, Inc. (US), SAP SE (Germany), Pilgrim Quality Solution, Inc. (US), Enablon (France), Biovia Corp (US), and Sparta Systems Inc. (US) are the key players in the global software quality assurance market.
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