PUBLISHER: TechNavio | PRODUCT CODE: 1743387
PUBLISHER: TechNavio | PRODUCT CODE: 1743387
The vendor management software market is forecasted to grow by USD 14,275.9 mn during 2024-2029, accelerating at a CAGR of 18.6% 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 increased adoption of cloud-based vendor management software, adoption of customer-centric pricing strategies, and need to comply with regulatory requirements.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 15.7% |
CAGR | 18.6% |
Incremental Value | $14,275.9 mn |
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's vendor management software market is segmented as below:
By End-user
By Deployment
By Revenue Stream
By Geographical Landscape
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 in-built into vendor management software and 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:
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., Beeline, Corcentric Inc., Coupa Software Inc., Deskera USA Inc., 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 publisher presents a detailed picture of the market by the 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 primary and secondary research. 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 accurate market growth.
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