SAN FRANCISCO, May 12, 2021 /PRNewswire/ — The global quality management software market size is estimated to reach USD 16.67 billion by 2028, registering a CAGR of 9.7% from 2021 to 2028, according to a new study by Grand View Research, Inc. The increasing advancements in functionalities of Quality Management Software (QMS) solutions along with the increasing integration of Artificial Intelligence (AI) and Machine Learning (ML) tools are expected to boost market growth over the forecast period.
Key suggestions from the report:
- The document control segment is expected to witness significant growth over the forecast period. Compliance with stringent quality standards and rigorous regulations passed by FDA and other global regulations are the key factors for adherence to quality document control processes by industries worldwide
- The cloud segment is anticipated to record the highest CAGR from 2021 to 2028. The popularity of cloud technology among cost-sensitive customers and small and medium enterprises is anticipated to boost the adoption of cloud QMS solutions
- The small…
