Market Research Report
Vendor Management Software
|Published by||Global Industry Analysts, Inc.||Product code||958816|
|Published||Content info||128 Pages
Delivery time: 1-2 business days
|Vendor Management Software|
|Published: September 1, 2020||Content info: 128 Pages||
Global Vendor Management Software Market to Reach $11.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Vendor Management Software estimated at US$5.1 Billion in the year 2020, is projected to reach a revised size of US$11.5 Billion by 2027, growing at aCAGR of 12.5% over the period 2020-2027. On-Premises Vendor Management Software, one of the segments analyzed in the report, is projected to record 14% CAGR and reach US$8.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cloud-Based Vendor Management Software segment is readjusted to a revised 8.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 11.9% CAGR
The Vendor Management Software market in the U.S. is estimated at US$1.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2027 trailing a CAGR of 11.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.2% and 10.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.9% CAGR.We bring years of research experience to this 7th edition of our report. The 128-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,