The global Vendor Management Software market was valued at US$ 5978.3 million in 2022 and is projected to reach US$ 12000 million by 2029, at a CAGR of 10.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The USA market for Global Vendor Management Software market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The China market for Global Vendor Management Software market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe market for Global Vendor Management Software market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
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 aims to provide a comprehensive presentation of the global market for Vendor Management Software, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vendor Management Software. This report contains market size and forecasts of Vendor Management Software in global, including the following market information:
- Global Vendor Management Software Market Revenue, 2018-2023, 2024-2030, ($ millions)
- Global top five companies in 2022 (%)
According to the report, one driver in the market is increased adoption of cloud-based vendor management software. Cloud computing enable enterprises to use the software on a pay-per-use basis, which makes it cost-effective. Some of the factors responsible for the adoption of cloud-based vendor management software are easier and faster implementation of IT solutions, less dependency on in-house IT personnel, limited requirements for hardware infrastructure, low maintenance costs, and no licensing costs. These solutions enable businesses to focus on developing their core competencies.
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, 2018-2023, 2024-2030 ($ millions)
Global Vendor Management Software Market Segment Percentages, by Type, 2022 (%)
- On-premise Vendor Management Software
- Cloud Vendor Management Software
Global Vendor Management Software Market, by Application, 2018-2023, 2024-2030 ($ millions)
Global Vendor Management Software Market Segment Percentages, by Application, 2022 (%)
- Transportation
- Retail
- Manufacturing
- Others
Global Vendor Management Software Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)
Global Vendor Management Software Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Vendor Management Software revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Vendor Management Software revenues share in global market, 2022 (%)
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Vendor Management Software, market overview.
Chapter 2: Global Vendor Management Software market size in revenue.
Chapter 3: Detailed analysis of Vendor Management Software company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Vendor Management Software in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
