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Global Vendor Management Software Market 2017-2021

Global Vendor Management Software Market 2017-2021

About Vendor Management Software

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.

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

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
Technavio's 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.

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
  • JAGGAER
  • LogicManager
  • PROACTIS
  • Quantivate
  • SalesWarp
  • SUPERNAL SOFTWARE
  • TraceGains
  • Wax Digital
  • Wise Retail
  • Zycus
Market driver
  • Increased adoption of cloud-based vendor management software
  • For a full, detailed list, view our report
Market challenge
  • High implementation and maintenance costs
  • For a full, detailed list, view our report
Market trend
  • Rise in demand for integrated vendor management solutions
  • For a full, detailed list, view our report
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?


Press Release

Technavio Announces the Publication of its Research Report – Global Vendor Management Software Market 2017-2021

Technavio recognizes the following companies as the key players in the global vendor management software market: IBM Emptoris, Intelex Technologies, MasterControl, MetricStream, and SAP Ariba.

Other Prominent Vendors in the market are: Adjuno, ConnXus, Coupa Software, Determine, Deskera, eBid Systems, eSellerHub, 360factors, Freshdesk, GEP, HICX Solutions, Ivalua, JAGGAER, LogicManager, PROACTIS, Quantivate, SalesWarp, SUPERNAL SOFTWARE, TraceGains, Wax Digital, Wise Retail, and Zycus.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rise in demand for integrated vendor management solutions. End-users prefer vendors that provide integrated and converged software suites as opting for different software may lead to integration issues. Integrated products and software suites from the same vendor have better integration ability and support other functions. As increased complexity of network infrastructure has made integration an important buying criterion, solutions with better integration are finding higher adoption.”

According to the report, one driver in the market is increased adoption of cloud-based vendor management software. Cloud computing enable enterprises to use the software on a pay-per-use basis, which makes it cost-effective. Some of the factors responsible for the adoption of cloud-based vendor management software are easier and faster implementation of IT solutions, less dependency on in-house IT personnel, limited requirements for hardware infrastructure, low maintenance costs, and no licensing costs. These solutions enable businesses to focus on developing their core competencies.

Further, the report states that one challenge in the market is high implementation and maintenance costs. The high cost of deploying the on-premises vendor management software is one of the major challenges in the market for the SMEs. The price of the vendor management software includes the system design and customization cost, implementation cost, training, and maintenance cost. The implementation of the software in an organization requires IT staff with the relevant skill set. The implementation of the vendor management software requires planning, adequate funding, self-assessment, cooperation, and clear vision at all managerial levels.

Companies Mentioned

IBM Emptoris, Intelex Technologies, MasterControl, MetricStream, and SAP Ariba.

Other Prominent Vendors in the market are: Adjuno, ConnXus, Coupa Software, Determine, Deskera, eBid Systems, eSellerHub, 360factors, Freshdesk, GEP, HICX Solutions, Ivalua, JAGGAER, LogicManager, PROACTIS, Quantivate, SalesWarp, SUPERNAL SOFTWARE, TraceGains, Wax Digital, Wise Retail, and Zycus.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Economic overview
    • Global economic overview and its impact on the market and vendors
  • Market landscape
    • Market overview
    • Market assumptions
      • Table Market assumptions
    • Market size and forecast
      • Table Global vendor management software market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by deployment model
    • Global vendor management software market by deployment model
      • Table Deployment models
      • Table Global vendor management software market by deployment 2016-2021 (% share of revenue)
    • Global on-premises vendor management software market
      • Table Global on-premises vendor management software market 2016-2021 ($ billions)
    • Global cloud-based vendor management software market
      • Table Global cloud-based vendor management software market 2016-2021 ($ billions)
      • Table Differences between on-premises and cloud-based vendor management software
  • Market segmentation by end-user
    • Global vendor management software market by end-user
      • Table Global vendor management software market by end-user 2016-2021 (% share of revenue)
      • Table Global vendor management software market by end-user 2016-2021 ($ billions)
  • Geographical segmentation
    • Global vendor management software market by geography
      • Table Global vendor management software by geography 2016-2021 (% share of revenue)
      • Table Global vendor management software market by geography 2016-2021 ($ billions)
    • Americas
    • EMEA
    • APAC
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Open-source vendor management software
  • Market trends
    • Rise in demand for integrated vendor management solutions
    • Supply chain analytics in-built in vendor management software
    • Introduction of vendor management mobile apps
  • Vendor landscape
    • Competitive scenario
      • Table Competitive factors among vendors in market
      • Table Licensing models
  • Mergers and acquisitions
    • Mergers and acquisitions in the market
      • Table Mergers and acquisitions in the global vendor management software market
    • Major-vendor offerings
      • Table Product offerings
    • Vendor matrix
      • Table Features
      • Table Applications
      • Table Support
      • Table Training
      • Table End-users served
      • Table Geography
    • Competitive rating
      • Table Competitive rating
    • Key vendors
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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