The Europe Quality and Lifecycle Management Software Market should witness market growth of 6.9% CAGR during the forecast period (2022-2028).
Companies recognize their need for an inclusive QMS to boost productivity and gain a competitive edge. Therefore, they are considering and funding quality management software solutions in a foresighted manner to guarantee that quality standards are upheld throughout the entire product lifecycle. As a result, they are driving the demand for quality management software. The standard capabilities of QMS have been improved in terms of cost-efficiency, flexibility, scalability, and platform independence, among other things, by technological advancements like cloud computing, analytics, and big data.
As a result, end-use industries like manufacturing, life sciences, telecom & IT are quickly acquiring software solutions, accelerating the market's growth. It is projected that the implementation of quality management systems (QMS) across end-use industries will increase due to the rigorous adherence to quality management standards and international technical specifications like IATF 16949, AS9100 Rev. D, and ISO 9001. Also, the C-level executives representing organizations seek to orient quality management software with strategic business objectives, supporting a constant market expansion.
In Germany, the current automotive industry is shaped by the increasing popularity of electric vehicles and the soaring demand for better safety, connection, comfort, and driver assistance technologies. OEM manufacturers intend to expand their German production locations. In addition to prioritizing the automotive sector as a significant revenue producer, the German government is encouraging foreign direct investment in the automotive sector. As a result, the German vehicle industry is one of the most attractive and fastest-growing in the continent. Several factors, like labor availability, geographic advantage,R&D activities, and government assistance, promote the German automobile sector. This is leading to regionalmarket growth.
The Germany market dominated the Europe Quality and Lifecycle Management Software Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,053.3 million by 2028. The UK market is exhibiting a CAGR of 6% during (2022-2028). Additionally, The France market would exhibit a CAGR of 7.7% during (2022-2028).
Based on Component, the market is segmented into Solution and Services. Based on Solution Type, the market is segmented into Quality Management, Document & Product Data Management, Bill of Material (BOM) Management, Governance & Compliance Management, Cost Management, Change Management, Lifecycle Analytics Management and Others. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Vertical, the market is segmented into Automotive & Transport, Industrial Manufacturing, Consumer Goods & Retail, Healthcare & Lifesciences, Aerospace & Defense, IT & Telecom and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Microsoft Corporation, SAP SE, Siemens AG, Dassault Systemes SE, Autodesk, Inc., PTC, Inc., Aras Corporation, SAS Institute, Inc., and Parasoft Corporation.
Companies recognize their need for an inclusive QMS to boost productivity and gain a competitive edge. Therefore, they are considering and funding quality management software solutions in a foresighted manner to guarantee that quality standards are upheld throughout the entire product lifecycle. As a result, they are driving the demand for quality management software. The standard capabilities of QMS have been improved in terms of cost-efficiency, flexibility, scalability, and platform independence, among other things, by technological advancements like cloud computing, analytics, and big data.
As a result, end-use industries like manufacturing, life sciences, telecom & IT are quickly acquiring software solutions, accelerating the market's growth. It is projected that the implementation of quality management systems (QMS) across end-use industries will increase due to the rigorous adherence to quality management standards and international technical specifications like IATF 16949, AS9100 Rev. D, and ISO 9001. Also, the C-level executives representing organizations seek to orient quality management software with strategic business objectives, supporting a constant market expansion.
In Germany, the current automotive industry is shaped by the increasing popularity of electric vehicles and the soaring demand for better safety, connection, comfort, and driver assistance technologies. OEM manufacturers intend to expand their German production locations. In addition to prioritizing the automotive sector as a significant revenue producer, the German government is encouraging foreign direct investment in the automotive sector. As a result, the German vehicle industry is one of the most attractive and fastest-growing in the continent. Several factors, like labor availability, geographic advantage,R&D activities, and government assistance, promote the German automobile sector. This is leading to regionalmarket growth.
The Germany market dominated the Europe Quality and Lifecycle Management Software Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,053.3 million by 2028. The UK market is exhibiting a CAGR of 6% during (2022-2028). Additionally, The France market would exhibit a CAGR of 7.7% during (2022-2028).
Based on Component, the market is segmented into Solution and Services. Based on Solution Type, the market is segmented into Quality Management, Document & Product Data Management, Bill of Material (BOM) Management, Governance & Compliance Management, Cost Management, Change Management, Lifecycle Analytics Management and Others. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Vertical, the market is segmented into Automotive & Transport, Industrial Manufacturing, Consumer Goods & Retail, Healthcare & Lifesciences, Aerospace & Defense, IT & Telecom and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Microsoft Corporation, SAP SE, Siemens AG, Dassault Systemes SE, Autodesk, Inc., PTC, Inc., Aras Corporation, SAS Institute, Inc., and Parasoft Corporation.
Scope of the Study
By Component
- Solution
- Quality Management
- Document & Product Data Management
- Bill of Material (BOM) Management
- Governance & Compliance Management
- Cost Management
- Change Management
- Lifecycle Analytics Management
- Others
- Services
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By Deployment Type
- Cloud
- On-premise
By Vertical
- Automotive & Transport
- Industrial Manufacturing
- Consumer Goods & Retail
- Healthcare & Lifesciences
- Aerospace & Defense
- IT & Telecom
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Microsoft Corporation
- SAP SE
- Siemens AG
- Dassault Systemes SE
- Autodesk, Inc.
- PTC, Inc.
- Aras Corporation
- SAS Institute, Inc.
- Parasoft Corporation
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
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- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. Europe Quality and Lifecycle Management Software Market by Component
Chapter 5. Europe Quality and Lifecycle Management Software Market by Enterprise Size
Chapter 6. Europe Quality and Lifecycle Management Software Market by Deployment Type
Chapter 7. Europe Quality and Lifecycle Management Software Market by Vertical
Chapter 8. Europe Quality and Lifecycle Management Software Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- IBM Corporation
- Microsoft Corporation
- SAP SE
- Siemens AG
- Dassault Systemes SE
- Autodesk, Inc.
- PTC, Inc.
- Aras Corporation
- SAS Institute, Inc.
- Parasoft Corporation
Methodology
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