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Global Quality Management System (QMS) Market is expected to grow at CAGR 13.1% by 2029 owing to aging and fragmented quality systems across the globe, says Absolute Markets Insights

Published On 06 Jul 2021 11:33 AM


In April, 2021, ETQ, one of the leading companies of quality management system (QMS) provider, announced about Reliance NXG which is the next generation comprehensive, flexible and proven quality management software for quality-centric customers in manufacturing, life sciences, electronics, food and beverage, automotive, aerospace, and more than a dozen additional industries. The latest version of Reliance is a fully multi-tenant SaaS offering that delivers the limitless power of cloud-native technology to supercharge quality processes and reduce technology risk, while extending the rapid user acceptance for which Reliance is known.

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After extensive customer research of broader industry trends, ETQ has delivered the next generation of Reliance, its flagship quality management system. ETQ customers have long relied on Reliance’s comprehensive, cross-industry portfolio of QMS applications to advance their quality programs and meet critical business goals. With Reliance NXG, customers can now increase their quality journey into the resilient and adaptable world of cloud-native quality and safety management, advanced analytics, controlled ubiquitous access and enterprise digital transformation. With a clear product and technology vision ahead, clients will be able to effectively future-proof their quality management systems and provide a powerful catalyst to digital transformation in their organizations, both medium & small organizations and large organizations.

The company has developed the release in a way that allows customers to easily upgrade, preserving their existing investments in quality workflows and configurations by building on the strengths of the current code base. This simple and direct path to a cloud-native enterprise software environment is an accomplishment that is unique not only to the quality management world but to enterprise software, in general.

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ETQ Reliance NXG provides a comprehensive, flexible and proven software system that can adapt quickly to market shifts, technology changes, and unique customer requirements, and serves as a catalyst for digital transformation through advanced analytics and enterprise-wide integration. In addition, for digital transformation to take hold in an organization, a next-generation QMS must allow easy and productive engagement of all stakeholders inside and outside the organization to spur continuous improvement and pathways to excellence.

Reliance NXG provides rapid time-to-value to multiple organizational stakeholders. Quality leaders immediately benefit from stronger QMS capabilities and usability to drive higher returns on quality investments across the full product lifecycle. IT leaders will welcome the advanced cloud-native technologies, enhanced security and scalability that support their technical and digital transformation requirements. Senior executives will now have the strategic visibility that drives continuous improvement and a culture of quality throughout the organization.

The solution’s new search capability enables users to quickly find anything within the system, with enhanced navigation to streamline the user experience from any device. New integration features, built upon a multi-tenant architecture, allow customers to break down the barriers that limit collaboration and keep up with changes in their business.

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With the pandemic prevailing across the globe, there has been an unprecedented disruption experienced in the global economy and trade, as both production and consumption/sales slide backward across the globe. Recent research from the World Trade Organization has demonstrated a significant impact on demand and supply chain in the world economy, causing substantial disruptions to the trades. The spread of COVID-19 has made quality and compliance management even more critical and important in nature. It has provided each organization an opportunity to change how they organize their quality processes amid all the restrictions of working from home and social distancing. Continuously increasing spread has impacted the supply chain operations in many countries, consisting of both developed and developing and emerging nations.

The detailed research study provides qualitative and quantitative analysis of the global quality management system market. The quality management system market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America

Global Quality Management System Market

  • By Component
    • Solution
    • Services
      • Professional Services
      • Training And Support
      • Others
  • By Deployment Mode
    • Cloud Based
    • On-Premise
  • By Organization Size
    • Small and Medium Sized Enterprises
    • Large Enterprises
  • By Industry Vertical
    • Manufacturing
    • IT
    • Aerospace
    • Automotive
    • Pharmaceutical
    • Medical Devices
    • Food & Beverages
    • Blood
    • Biologics
    • Tissue
    • Dietary Supplements
    • Consumer Goods
    • Others
  • By Region
  • North America
    • U.S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Finland
      • Iceland
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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Press Release Provided By: Absolute Markets Insights