The Future of Quality & Lifecycle Management Software: Market Trends & Insights
Webersnits31 Jan, 2025News
The global Quality and Lifecycle Management Software Market size is expected to grow from USD 24.6 billion in 2022 to USD 34.9 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period, according to a new report by MarketsandMarkets™. The major factors driving the growth of the market include increasing proliferation of the smart devices/products, demand of organizations for the low manufacturing cost, and increasing demand in small and medium businesses.
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