Global vendor management software market 2020-2024
Technavio has been monitoring the global vendor management software market and it is poised to grow by USD 3.96 bn during 2020-2024
, progressing at a CAGR of 12% during the forecast period. Our reports on global 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 global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increased adoption of cloud-based software.
In addition, ntroduction of vendor management mobile apps is anticipated to boost the growth of the global vendor management software market as well.
Technavio's global vendor management software market is segmented as below:
end-userBFSIretailmanufacturingothersdeploymentOn-premisescloud-basedGeographic segmentationAPACEuropeMEANorth AmericaSouth America
Key Trends for global vendor management software market growth
This study identifies ntroduction of vendor management mobile apps as the prime reasons driving the global vendor management software market growth during the next few years.
Prominent vendors in global vendor management software market
We provide a detailed analysis of around 25 vendors operating in the global vendor management software market, including some of the vendors such as Corcentric LLC, Coupa Software Inc., Intelex Technologies ULC, International Business Machines Corp., LogicGate Inc., MasterControl Inc., MetricStream Inc., Proactis Holdings Plc, SAP SE and Zycus Inc .
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 and vendor landscape in addition to an analysis of the key vendors.
Technavio 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 research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
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