The need for controlling processes and product quality in accordance with regulatory and industry norms coupled with increasing compliance pressure are some of the key factors responsible for the growing adoption of quality management software. Furthermore, as numerous manufacturing companies are focusing their efforts on ensuring quality assurance and reducing deviations in the expected versus delivered product quality, the demand for QMS is expected to maintain a consistent growth rate over the forecast period.
Changing business working model, and rising competition across businesses in terms of maintaining product quality and customer satisfaction are major factors driving growth of the global quality management software market . In addition, higher efficiency of these software over traditional or conventional methods is another factor driving growth of the global quality management software market. Also, ERP and CRM systems can be integrated with quality management systems which is another factor propelling growth of the global quality management software market. Moreover, increasing adoption of cloud bases quality management software owing to its scalability and operation flexibility is expected to drive growth of the global quality management software market to a significant extent over the forecast period.
Quality management software (QMS) solutions available in the market today provide a host of functionalities, including nonconformance, complaint handling, document control, calibration, and change management, among others, making it an essential tool for an organization’s overall quality control. In addition, recent technological advancements such as analytics, cloud, and big data have further enhanced the existing capabilities of QMS solutions.
Another major factor fueling the market growth is the consistently rising number of regulations across different industry verticals. Complying with the standards and regulations is one of the major concerns for organizations operating in manufacturing and healthcare sector. Using quality management solutions help organizations feasibly comply with standards and regulations thereby sustaining in the ever-increasing industry competition.
Email fraud is nothing new, but online criminals have become ever more-effective at spoofing their identities to trick employees into sending them money. The Australian Centre for Cyber Security (ACSC) recorded losses of over $20M to business email compromise (BEC) attacks last year alone, up 230 percent over the previous year – and the full amount is certain to be much larger.
Cybersecurity Insights - Attack
No matter how robust your security, or how diligent your employees, network credentials are a free pass for cybercriminals. This is mostly because employees are relied upon for their own password management. And with more than 4.8 billion sets of stolen credentials said to be available online, odds are that at least a few of your employees’ user IDs and passwords are just waiting to be used by unscrupulous outsiders. Are you ready to stop them?
Cybersecurity Insights - People
Cyber resilience will be particularly important as Australian organisations face increased pressure to quickly detect, respond to, and manage the repercussions of breaches in the wake of 2018’s Notifiable Data Breaches (NDB) scheme.