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Global Vendor Management Software Market, Top key players are IBM Emptoris ,Intelex Technologies ,Master Control ,MetricStream ,SAP Ariba ,Zycus

The Vendor Management Software Market is continuously growing in the global scenario at significant pace. 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.
Published 01 July 2019
Global Vendor Management Software Market Size study, by Type (Cloud, On-premises), by Application (BFSI, Retail, IT & Telecommunication, Government, Others) and Regional Forecasts 2019-2026

Global Vendor Management Software Market valued approximately USD 4.61 billion in 2018 is anticipated to grow with a healthy growth rate of more than 12.60% over the forecast period 2019-2026.

Vendor management software enables organizations to control costs, drive service excellence, and mitigate risks to gain increased value from vendors. Surging utility of cloud computing, escalating need to reduce administrative costs, increasing demand from mainly small and medium scale organizations and surging need of compliance management are the substantial driving factors of the market during the forecast period. Moreover, rising demand for integrated vendor management solution is the major factors that likely to create numerous opportunities in the near future. In addition, 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 is another factor that impelling the growth of the market during the forecast period. However, high implementation & maintenance cost and is one of the major factors that limiting the growth of the market across the world.

The regional analysis of Global Vendor Management Software Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share due to increasing demand for vendor management software among BFSI & telecom industries and presence of upgraded technologies in the region. Europe is estimated to grow at significant growth rate in the global Vendor Management Software market over the upcoming years. Further, Asia-Pacific anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2026 owing to rising adoption of software in various industries to enhance supply chain & customer service across the region.

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Some of the key players operating in this market include: IBM Emptoris ,Intelex Technologies ,Master Control ,MetricStream ,SAP Ariba ,Zycus

Reasons for Buying this Report

This report provides pin-point analysis for changing competitive dynamics

It provides a forward looking perspective on different factors driving or restraining market growth

It provides a six-year forecast assessed on the basis of how the market is predicted to grow

It helps in understanding the key product segments and their future

It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors

It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

TABLE OF CONTENT:

Chapter 1. Executive Summary

Chapter 2. Vendor Management Software Market Definition and Scope

Chapter 3. Vendor Management Software Market Dynamics

Chapter 4. Vendor Management Software Market Industry Analysis

Chapter 5. Vendor Management Software Market, by Deployment Model

Chapter 6. Vendor Management Software Market, by Industry Verticals

Chapter 7. Vendor Management Software Market, by Regional Analysis

Chapter 8. Competitive Intelligence

Chapter 9. Research Process

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