Global Vendor Management Software Market 2024-2028
The vendor management software market is forecasted to grow by USD 5344.31 mn during 2023-2028, accelerating at a CAGR of 12.83% during the forecast period. The report on the vendor management software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increased adoption of cloud-based vendor management software, the adoption of customer-centric pricing strategies, and the need to comply with regulatory requirements.
Technavio's vendor management software market is segmented as below:
By Type
- Retail
- BFSI
- Manufacturing
- Healthcare and others
By Deployment
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the rise in demand for integrated vendor management solutions as one of the prime reasons driving the vendor management software market growth during the next few years. Also, supply chain analytics built into vendor management software and the introduction of vendor management mobile apps will lead to sizable demand in the market.
The report on the vendor management software market covers the following areas:
- Vendor management software market sizing
- Vendor management software market forecast
- Vendor management software market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading vendor management software market vendors that include 360factors Inc., Corcentric Inc., Coupa Software Inc., Deskera USA Inc., eSellerHub, Gatekeeper, HICX Solutions Ltd., Intelex Technologies ULC, International Business Machines Corp., Ivalua Inc., LogicGate Inc., LogicManager Inc., MasterControl Solutions Inc., MetricStream Inc., Proactis Holdings plc, Quantivate LLC, SalesWarp, SAP SE, Zoho Corp. Pvt. Ltd., and Zycus Inc. Also, the vendor management software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.