Global Quality Management Market Overview:
Quality management is the process of managing all activities and tasks necessary to maintain a desired level of excellence. It is a method which is used to communicate to employees what is essential to produce the desired quality of services & products and to influence employee activities to complete tasks according to the quality specifications. Further, it includes the determination of a quality policy, creating and implementing quality planning and assurance, and quality control and quality improvement. Moreover, it is also referred to as total quality management (TQM). Altogether, quality management focuses on long-term goals through the implementation of short-term initiatives.
Growth Drivers
- The Growing Need To Manage and Maintain Quality in Product and Services in Organizations
- The Increasing Investments for Research and Developments
Roadblocks
- Necessity for High Investment
Opportunities
- Innovation and Technological Advancements in Quality Management
Challenges
- The High Price of Deployment and Maintenance
Competitive Landscape:
Some of the key players profiled in the report are SAP SE (Germany), Autodesk (United States), Oracle Corporation (United States), Siemens AG (Germany), Micro Focus (United Kingdom), Arena Solutions Inc. (United States), MasterControl Inc. (United States), EtQ, LLC. (United States), Intelex Technologies (Canada) and Pilgrim Quality Solutions, Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like Aras (United States), AssurX, Inc. (United States), IQMS, Inc. (United States), UniPoint Software (Canada) and Ideagen Plc. (United Kingdom). Analyst at AMA Research see United States Players to retain maximum share of Global Quality Management market by 2026. Considering Market by Deployment Mode, the sub-segment i.e. On-Premise will boost the Quality Management market.
Latest Market Insights:
On February 5, 2019, Aras, the leader in open product lifecycle management (PLM) software for the enterprise, today announced a partnership with Visual Collaboration Technologies (VCollab) for simulation visualization, post processing, and reporting. Aras will use the VCollab technology in Simulation Process & Data Management (SPDM) processes across the lifecycle
What Can be Explored with the Quality Management Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Quality Management Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Quality Management
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Quality Management market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Quality Management market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Quality Management Service Provider, Quality Management Solution Provider, Automotive Industry, Aerospace Industry, Healthcare Industry, Governmental Bodies and Research Firms.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.