Statistics

1. Quality management in general

The global quality management software market size is estimated to reach USD 20.66 billion by 2030, registering a CAGR of 10.6% from 2023 to 2030. The market growth is attributed to factors such as growing emphasis on establishing internal quality policies and standard operating procedures to supplement organizational growth and developing a customer-centric organization. For industries such as utility and energy, the implementation of quality management software (QMS) is expected to increase owing to advantages such as mitigation of compliance and operational risk, standardization of process, improved decision making, and reduction of energy waste while improving the organization's goodwill.

2. Food industry

Here are a few statistics that highlight the need for organizations to adopt a robust compliance and management solution:

• The World Health Organisation (WHO) estimates that 1 in 10 people fall ill annually after consuming contaminated or adulterated food. Almost 420,000 people die each year, resulting in the loss of 33 million health years.

• FSIS inspection personnel conducted nearly 7.5 million food safety and defense procedures across 6,600 USDA-regulated food establishments.

• More companies are adapting to blockchain technology today. As a result, the industries using blockchain in the global food market had a valuation of $139.6M in 2020. The expected CAGR of 51% should help it cross $1488M by 2026.

• Global TAM in the food industry could reach $5194.60 billion by 2029 from $2540.05 billion in 2022. The European TAM is expected to reach $96.94 billion by 2027, with a projected growth rate of 22.51%. The Qoodo App offers SAAS solutions to enable companies to tap the SAM and SOM and provide better customer service.

• Europe has over 9.6 million food-related companies, whereas the global figure could be substantially higher.

• An IBIS World Report estimates the total number of single-location full-service locations in the US at 155,448. Similarly, Statista reports state that there are around 194,000 quick-service restaurants in the US as of 2021. The numbers are expected to rise to 197,000 in 2022.

• Another IBIS World Report predicts a total of 533,746 global fast-food restaurants in 2022.

• With nearly 100,000 small to medium-sized companies in Hungary, the app has the potential to acquire a 65K potential subscriber base.

• Looking at the number of restaurants globally and in countries like the U.S., the app has immense potential to acquire a significant subscriber base.

3. Warehouse

• According to a report by Stellar Market Research, the global warehouse management system market size is projected to reach $6.22bn by 2027. However, labor-intensive installation and higher initial investment costs are significant challenges faced by the industry

• IBM is one of the major players in blockchain innovation in warehouse management. Its blockchain-based platform, TradeLens, helps to digitize supply chain processes and provides real-time visibility into shipments. Major players in the logistics industry have already adopted the platform.

• VeChain is a blockchain-based platform that enables real-time tracking of products throughout the supply chain. Its VeChain ToolChain platform provides a range of solutions for supply chain management, including warehousing, inventory management, and product traceability.

• A study found that the global blockchain in logistics market size is expected to reach $1620 billion by 2028, growing at a CAGR of 62.4% from 2021 to 2028. The adoption of blockchain technology in warehouse management can help reduce the risk of fraud, increase transparency, and improve efficiency.

4. Office

• A report by McKinsey & Company shows that Implementing blockchain technology in office management can help automate and secure administrative tasks, improve data management, and increase transparency.

• The application of blockchain in office management can help reduce administrative and operational costs, adding value to your business, according to the research.

• A report by ZDNet predicts that the enterprise blockchain market will reach $360 billion by 2026, driven by the increasing adoption of blockchain technology in various industries, including office management. Blockchain technology can help increase efficiency, reduce costs, and improve data security in office environments.

• A report by Deloitte states that blockchain technology can help to improve efficiency and reduce costs in office management by automating administrative tasks, streamlining supply chain processes, and improving data management. The report suggests that companies should explore blockchain technology to stay ahead of the competition.

5. Record Management

• The Office of Personnel Management (OPM) of the U.S. federal government is exploring using blockchain technology to manage federal employee records. The use of blockchain technology can improve the accuracy and security of employee records and reduce the risk of fraud and errors.

• Qoodo is one solution for the predicted global blockchain technology market in the office and administrative operations sector, which is expected to grow by $226.30 billion by 2023, driven by the need for data security and privacy, as reported by Statista. Qoodo can track logs, manage tasks and streamline production processes using blockchain technology.

6. Financial Sector

• Blockchain technology has the potential to revolutionize the financial industry by enabling secure and transparent financial transactions. The market for blockchain technology in the financial sector is expected to reach $19.9 billion by 2025.

• The use of blockchain technology in banking can help to reduce transaction costs and increase efficiency. According to a report by Computer Weekly, the use of blockchain technology can result in a 30% reduction in infrastructure costs for banks

• A survey by Deloitte shows that 74% of surveyed executives see a "compelling business case" for blockchain.

• Juniper Research estimates that cross-border blockchain payments will save banks USD 27 billion by 2030 by reducing costs associated with current systems.

• PwC reports that 77% of financial sector respondents to a survey say they plan to adopt blockchain in the future. Blockchain can improve transparency, reduce fraud, and increase efficiency in financial services.

7. Healthcare

• The Global Health care IT market is predicted to reach $947.5 billion by 2027. Still, security concerns like privacy breaches and leakage of sensitive healthcare records are the challenges faced by this industry.

• Blockchain technology in health care is valued at $281 million and is expected to grow over 52.1% by 2027. The main factors driving this growth are the need to secure and store medical data and cost saving in healthcare applications.

• Many companies are now using blockchain technology in healthcare. One example of such is Ciox Health. Ciox Health specializes in healthcare information management. Its services encompass a range of areas, including the release of information, record retrieval, and health information management.

• A U.S. survey conducted in 2019 found that 20% of C-level executives reported using Blockchain or Distributed Ledger Technology in their healthcare organizations. On the other hand, the implementation of these technologies rose to 28% in upper market organizations surveyed.

• As the saying goes, if you don’t adopt with time, you get out of the survival race. In early 2020, a survey was conducted to determine the healthcare industry sectors most susceptible to disruption due to technological innovations. Based on the responses, 33% of the participants identified brick-and-mortar pharmacies as the sector most at-risk, while 24% indicated that hospital systems were most vulnerable.

8. Manufacturing Sector

• Another report by The Business Research Company predicts that the global blockchain technology market size in the manufacturing sector will reach $0.14 Trillion in 2023, driven by the need for supply chain transparency and efficiency. Using Qoodo, manufacturers can ensure the quality of each step in the production process using blockchain technology.

• A survey by Deloitte Institute found that 95% of companies consider blockchain a strategic priority and are investing in it.

• IBM has developed a blockchain-based solution for supply chain management in the manufacturing industry, which has been shown to reduce disputes by 30%.

9. Hotel Industry

• A report by The Business Research Company shows that the global blockchain in hospitality market size will reach $4.7 billion in 2023 during the forecast period.

• Blockchain technology can also help in preventing fraud in the hotel industry. According to a report by American Hotel & Lodging Association (AHLA), fraudulent bookings cost the hotel industry over $5.7 billion annually. Whether you're running a boutique hotel or a global chain, Qoodo ensures that every guest gets what they paid for a perfect stay every time.

• Another research found that 53% of hotels believe that blockchain technology has the potential to enhance guest experience and loyalty.

• A report by McKinsey & Company suggests that personalization is crucial to the industry’s future. By offering personalized experiences, hotels can increase guest satisfaction and loyalty, ultimately driving revenue growth.

10. Retail Industry

• A report by MarketsandMarkets estimates that the global blockchain retail market size will grow from USD 44.2 million in 2017 to USD 2,339 million by 2023, with a CAGR of 96.4% during the forecast period. Qoodo timesheet assistant could aid the retail industry by enabling easy and fast record creation and an automated log wizard, streamlining workflow processes while ensuring data accuracy and security.

• The use of blockchain technology in supply chain management can reduce fraud and counterfeiting and improve traceability, accountability, and transparency. According to a report by DHL and Accenture, implementing blockchain in supply chain management saves 7.5 billion dollars lost in fraud every year.

11. Supply Chain Management

• A study by the World Economic Forum found that blockchain could potentially increase world trade by $1 Trillion

• A survey by Deloitte found that 53% of supply chain executives believe blockchain will significantly impact their supply chain within the next three years.

• The Food and Drug Administration (FDA) is exploring blockchain technology to improve the safety and security of the US pharmaceutical supply chain.

• The Walmart food safety blockchain, implemented in 2018, has reduced the time it takes to trace a food product from six days to just 2.2 seconds. Here is a table that provides some estimates of the number of establishments or businesses in each of the industries:

Healthcare	784,000 (in the United States alone in 2019)
Manufacturing	2.3 million (in the United States in 2018)
Hotel Industry	187,000 (worldwide in 2019)
Small and medium-sized enterprises (SMEs)/ Offices	500 million (worldwide as of 2020)

Manufacturing companies can range from small, local operations to large multinational corporations, and the definition of a manufacturing company can vary depending on the industry, the country, and the specific criteria used.

However, according to a report by the United Nations Industrial Development Organization (UNIDO), in 2019, there were approximately 30.6 million manufacturing companies globally, employing over 460 million people. It is important to note that this figure includes all types of manufacturing companies, including small and medium-sized enterprises (SMEs) that may only employ a few people.