Report overview
Vendor management is also known as supplier management. Vendor management software performs initial registration, ongoing performance assessment, recording non-conformance, implementing corrective or preventative actions, and tracking results. Vendor management software enables organizations to control costs, drive service excellence, and mitigate risks to gain increased value from vendors. Vendor management software helps companies to coordinate the entire vendor relationship from acquiring a vendor through the delivery of goods and services to issuing of paychecks and all the other functions in between.
This report contains market size and forecasts of Vendor Management Software in Global, including the following market information:
Global Vendor Management Software Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Vendor Management Software market was valued at 5978.3 million in 2021 and is projected to reach US$ 12000 million by 2028, at a CAGR of 10.5% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
On-premise Vendor Management Software Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Vendor Management Software include IBM Emptoris, Intelex Technologies, MasterControl, MetricStream, SAP Ariba, Adjuno, ConnXus, Coupa Software and Determine, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Vendor Management Software companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Vendor Management Software Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Vendor Management Software Market Segment Percentages, by Type, 2021 (%)
On-premise Vendor Management Software
Cloud Vendor Management Software
Global Vendor Management Software Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Vendor Management Software Market Segment Percentages, by Application, 2021 (%)
Transportation
Retail
Manufacturing
Others
Global Vendor Management Software Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Vendor Management Software Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Vendor Management Software revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Vendor Management Software revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
IBM Emptoris
Intelex Technologies
MasterControl
MetricStream
SAP Ariba
Adjuno
ConnXus
Coupa Software
Determine
Deskera
EBid Systems
ESellerHub
360factors
Freshdesk
GEP
HICX Solutions
Ivalua
JAGGAER
