html5-img
1 / 7

Vendor Management Software Market

Vendor Management Software market is led by the North American region in 2018. North America led the landing global vendor management software market with more than 36% share, followed by APAC and Europe region. The presence of well developed countries such as the US and Canada and presence of large IT companies are two of the major factors responsible for the growth of vendor management software market in this region.<br><br>Download Sample PDF Brochure at: https://www.theinsightpartners.com/sample/TIPRE00007305/<br>

vishalshinde
Télécharger la présentation

Vendor Management Software Market

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Vendor Management Software Market to 2027 Global Analysis and Forecasts By Deployment Mode (Cloud, On- premise); Enterprise Size (Large Enterprises, SMEs); Industry Vertical (Retail, Manufacturing, BFSI, IT and Telecom, Others) The global vendor management software market accounted to US$ 4,389.2 Mn in 2018 and is expected to grow at a CAGR of 12.4% during the forecast period 2019 – 2027, to account to US$ 12,295.8 Mn by 2027.

  2. Vendor Management Software Market to 2027 - Global Analysis and Forecasts By Deployment Mode (Cloud, On- premise); Enterprise Size (Large Enterprises, SMEs); Industry Vertical (Retail, Manufacturing, BFSI, IT and Telecom, Others) Vendor Management Software market is led by the North American region in 2018. North America led the landing global vendor management software market with more than 36% share, followed by APAC and Europe region. The presence of well developed countries such as the US and Canada and presence of large IT companies are two of the major factors responsible for the growth of vendor management software market in this region.

  3. Vendor Management Software Market to 2027 - Global Analysis and Forecasts By Deployment Mode (Cloud, On- premise); Enterprise Size (Large Enterprises, SMEs); Industry Vertical (Retail, Manufacturing, BFSI, IT and Telecom, Others) The presence of a large number of well-established players from various industries is a significant factor that is driving the growth of vendor management software in the country. The US holds the dominant share in the vendor management software market, and it is expected to continue its dominance during the forecast period. Consequently, presenting tremendous opportunities for the rise in the business of vendor management software market players. High Inclination Toward Adoption of Solutions to Enhance Operational and Supply Chain Efficiencies The increasing trend of the adoption of hi-tech solutions across various enterprises to streamline business process is boosting the implementation of the vendor management systems. The organizations are focusing more on automating their business process to attain increased efficiencies at reduced costs. A vendor management system is a web-based tool used for managing vendor-related information and organization activities by ensuring amended efficiency, to attain long-term growth in a cost-effective manner.

  4. Vendor Management Software Market to 2027 - Global Analysis and Forecasts By Deployment Mode (Cloud, On- premise); Enterprise Size (Large Enterprises, SMEs); Industry Vertical (Retail, Manufacturing, BFSI, IT and Telecom, Others) Concerns pertaining to data privacy and security The world is witnessing rising number of cyber-attacks with the constantly upgrading connectivity technologies. Ever-increasing threats as well as evolving industry and government compliances and regulations are imposing organizations to spend heavily on their security infrastructure. Organizations are becoming progressively alert to cyber-threats.

  5. Vendor Management Software Market to 2027 - Global Analysis and Forecasts By Deployment Mode (Cloud, On- premise); Enterprise Size (Large Enterprises, SMEs); Industry Vertical (Retail, Manufacturing, BFSI, IT and Telecom, Others) Strategic Insights Market Initiatives was observed as the most adopted strategy in global vendor management software market. Few of the recent market initiatives are listed below: 2019: Coupa announced the expansion of its relationship with Amazon Web Services (AWS) to focus more on controlling over their IT spend. 2019: Ncontracts signed a joint venture with The Community Bankers Association of Illinois (CBAI), for assuring the CBAI member banks to rely on Ncontracts teammate with risk and vendor management, cybersecurity assessments, business continuity planning, contract management as well as findings management. 2018: Intelex Technologies announced its partnership with Liderança Group, to fill the essential gaps present in ESHQ training, by removing compliance-paralysis for companies for better processes as well as more profitable outcomes.

  6. Vendor Management Software Market to 2027 - Global Analysis and Forecasts By Deployment Mode (Cloud, On- premise); Enterprise Size (Large Enterprises, SMEs); Industry Vertical (Retail, Manufacturing, BFSI, IT and Telecom, Others) • Company Profiles • Coupa Software Inc. • Gatekeeper (Cinergy Technology Limited) • HICX Solutions Ltd. • IBM Corporation • Intelex Technologies Inc. • LogicManager, Inc. • MasterControl Inc. • Ncontracts • SalesWarp • SAP SE

  7. Vendor Management Software Market to 2027 - Global Analysis and Forecasts By Deployment Mode (Cloud, On- premise); Enterprise Size (Large Enterprises, SMEs); Industry Vertical (Retail, Manufacturing, BFSI, IT and Telecom, Others) Thank You Email :sales@theinsightpartners.com Phone : +1-646-491-9876

More Related