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Global Vendor Management Software Market Analysis To Grow At CAGR Of 12.63% Over period 2017-2021

Press Release   •   Aug 17, 2017 05:19 EDT

Latest industry research report on: Global Vendor Management Software Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts

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.

Technavios analysts forecast the global vendor management software market to grow at a CAGR of 12.63% during the period 2017-2021.

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Covered in this report

The report covers the present scenario and the growth prospects of the global vendor management software market for 2017-2021. To calculate the market size, the report considers revenue generated from the sale of vendor management software license, maintenance and support, installation, customization, and training.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

Technavios report, Global Vendor Management Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

  • IBM Emptoris
  • Intelex Technologies
  • MasterControl
  • MetricStream
  • SAP Ariba

Other prominent vendors

  • Adjuno
  • ConnXus
  • Coupa Software
  • Determine
  • Deskera
  • eBid Systems
  • eSellerHub
  • 360factors
  • Freshdesk
  • GEP
  • HICX Solutions
  • Ivalua
  • LogicManager
  • Quantivate
  • SalesWarp
  • TraceGains
  • Wax Digital
  • Wise Retail
  • Zycus

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Market driver

Increased adoption of cloud-based vendor management software

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Market challenge

High implementation and maintenance costs

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Market trend

Rise in demand for integrated vendor management solutions

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Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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