One feature of the quality and safety reporting system is that it constantly keeps on tracking the quality measures that deal with the product, service, or workflow of the processes in an organization. This information is then regularly shared with the employees so as to guide and motivate them to make improvements in their productivity. The other feature which is associated with the safety includes the prevention of the accidents by controlling and identifying the risk hazards. The quality and safety reporting systems consist of tools and processes which are used for the incident reporting, documentation control, equipment management, training management, and record maintenance.
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The global market for the quality and safety reporting systems is fragmented into its delivery mode and end-user industry. Based on the delivery mode, the global market is segregated into on demand/cloud services and on premise. Based on the end-user industry, the market is categorized into energy and utility, hospitality, healthcare, manufacturing, construction, and others.
The major factors that are driving the quality and safety reporting systems market are the developed safety regulations that are imposed by the government bodies, requirements for legal and multiple statutory, and the increasing investments made by the organizations for these systems in order to offer the customers with better experience, and to improve the working experience for the employees.
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Factors such as the revolution of the medical care delivery due to the healthcare policies that are patient centric and the increase in the implementation of the interconnected and automated processes over the manual processes are triggering the growth of the market. The factors that are hampering the growth of the quality and safety reporting market are the initial investment that is required is high and complex solutions are required to comply with some of the legal and government regulatory.
Depending on the geographical regions, the global market for the quality and safety reporting systems is diversified into the Middle East and Africa, Asia Pacific, North America, Eastern Europe, Latin America, and Western Europe. The regions that will dominate the quality and safety reporting systems market in the coming years are North America and Europe. The key factor that contributes to the market growth in these regions is the presence of the developed manufacturing and healthcare sectors.
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The quality and safety reporting market in Asia Pacific region is growing at a fast pace due to the increased investments and the increasing outsourcing of the pharmaceutical organizations. In the Latin America and the Middle East regions, the market will catch up and have a considerable growth due to the increased awareness about the safety and the quality standards.
The key market players that are involved in the quality and safety reporting systems market include IBM Corporation, Alcumus Group Ltd., Abbott Laboratories, Intelex Technologies, Productivity-Quality Systems, Inc, Enablon, Gensuite LLC., and SAP SE.
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