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Vendor Management Software Market by End-user, Deployment, and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 120
  • SKU: IRTNTR40982
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The predicted growth of the vendor management software market share from 2021 to 2026 is USD 4.06 billion at a progressing CAGR of 12.27%. The vendor management software market vendors are - 360factors Inc., Corcentric Inc., Coupa Software Inc., Deskera USA Inc., eSellerHub, EV Cargo, HICX Solutions Ltd., Intelex Technologies, International Business Machines Corp., Ivalua Inc., LogicGate Inc., LogicManager Inc., MasterControl Inc., MetricStream Inc., Proactis Holdings Plc, Quantivate LLC, SalesWarp, SAP SE, Zoho Corp. Pvt. Ltd., and Zycus Inc. among others. Furthermore, this vendor management software market research report extensively covers vendor management software market segmentation by:

  • End-user - BFSI, Retail, Manufacturing, and Others
  • Deployment - On-premises and Cloud-based
  • Geography - North America, APAC, Europe, South America, and Middle East and Africa

What will the Vendor Management Software Market Size be During the Forecast Period?

Vendor Management Software Market Size

Download the Free Report Sample to Unlock the Vendor Management Software Market Size for the Forecast Period and Other Important Statistics

 

Vendor Management Software Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increased adoption of cloud-based vendor management software is notably driving the vendor management software market growth, although factors such as high implementation and maintenance costs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the vendor management software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Vendor Management Software Market Driver

  • One of the key factors driving growth in the vendor management software market is the increased adoption of cloud-based vendor management software.
  • Cloud computing enables enterprises to use the software on a pay-per-use basis, which makes it cost-effective.
  • 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.
  • The growing acceptance of cloud-based vendor management software can be attributed to its low upfront costs, the flexibility to scale up and down depending on the end-user requirements, and the high speed of deployment.

Key Vendor Management Software Market Trend

  • The rise in demand for integrated vendor management solutions is a vendor management software market trend that is expected to have a positive impact in the coming years.
  • 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 the increased complexity of network infrastructure has made integration an important buying criterion, solutions with better integration are finding higher adoption.
  • Witnessing this demand, all the major vendors are providing software suites with features such as accounting,
  • Some of the vendors in the vendor management software market already provide software that can be integrated with other software. Based on these factors, we firmly believe that the global vendor management software market will register strong growth .

Key Vendor Management Software Market Challenge

  • The high implementation and maintenance costs will be a major challenge for the vendor management software market during the forecast period.
  • 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 skillset. The implementation of the vendor management software requires planning, adequate funding, self-assessment, cooperation, and a clear vision at all managerial levels.
  • Enterprises also need to train their employees to use the software application efficiently. After being implemented, the software needs to be upgraded at regular intervals to keep up with the market trends.
  • Thus, these factors lead to an increased cost of implementation of the vendor management software, which adversely affects its adoption among the end-users.

This vendor management software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global vendor management software as a part of the global application software market within the global IT software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the vendor management software market during the forecast period.

Who are the Major Vendor Management Software Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • 360factors Inc.
  • Corcentric Inc.
  • Coupa Software Inc.
  • Deskera USA Inc.
  • eSellerHub
  • EV Cargo
  • HICX Solutions Ltd.
  • Intelex Technologies
  • International Business Machines Corp.
  • Ivalua Inc.
  • LogicGate Inc.
  • LogicManager Inc.
  • MasterControl Inc.
  • MetricStream Inc.
  • Proactis Holdings Plc
  • Quantivate LLC
  • SalesWarp
  • SAP SE
  • Zoho Corp. Pvt. Ltd.
  • Zycus Inc.

 

This statistical study of the vendor management software market encompasses successful business strategies deployed by the key vendors. The vendor management software market is fragmented and the vendors are deploying growth strategies such as acquiring smaller vendors to expand their product portfolio and increase their market share to compete in the market.

Product Insights and News

  • Corcentric Inc. - Corcentric Inc. is a privately held company headquartered in US. It is a global company, with limited information regarding its financials and limited information regarding its employee strength is available. Its revenue from the global vendor management software market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
  • Corcentric Inc. - The company offers vendor management software that retrieves, organizes, and manages supplier information while maximizing engagement and data quality across your global supplier base.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The vendor management software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Vendor Management Software Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the vendor management software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Vendor Management Software Market?

Vendor Management Software Market Market segmentation by region

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42% of the market's growth will originate from North America during the forecast period. The US is the key market for vendor management software in North America. Market growth in this region will be faster than the growth of the market in the South American and MEA regions.

The availability of adequate IT infrastructure and the wide geographical presence of employees due to the increasing globalization will facilitate the vendor management software market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic-induced lockdowns had a devastating effect on the regional economy, as well as SMEs, in 2020. The revenue of companies such as retail and others declined, and many employees were laid off due to the losses incurred. In 2021, with the easing of lockdowns and the adoption of effective vaccination measures, the companies in the manufacturing industry tried to revive their businesses. Thus, companies that faced challenges such as enabling remote working and others announced plans to increase productivity by investing in automation technologies such as IoT and AI.

What are the Revenue-generating End-user Segments in the Vendor Management Software Market?

Vendor Management Software Market Segmentation

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The vendor management software market share growth by the BFSI segment will be significant during the forecast period. The BFSI sector is in a state of flux due to the existence of several regulatory and demographic factors and multiple technologies. These factors are largely impacting the BFSI sector as traditional banking methods are not enough to meet the increasing customer expectations and improve profitability. The adoption of vendor management software is rising in the BFSI sector because organizations in this sector are focusing on cost-effectiveness and boosting savings from operations. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the vendor management software market size and actionable market insights on post COVID-19 impact on each segment.

 

Vendor Management Software Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 12.27%

Market growth 2022-2026

$ 4.06 billion

Market structure

Fragmented

YoY growth (%)

11.46

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 42%

Key consumer countries

US, China, Japan, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

360factors Inc., Corcentric Inc., Coupa Software Inc., Deskera USA Inc., eSellerHub, EV Cargo, HICX Solutions Ltd., Intelex Technologies, International Business Machines Corp., Ivalua Inc., LogicGate Inc., LogicManager Inc., MasterControl Inc., MetricStream Inc., Proactis Holdings Plc, Quantivate LLC, SalesWarp, SAP SE, Zoho Corp. Pvt. Ltd., and Zycus Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Vendor Management Software Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive vendor management software market growth during the next five years
  • Precise estimation of the vendor management software market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the vendor management software industry across North America, APAC, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of vendor management software market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Deployment
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 25: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 27: Chart on Comparison by End-user
      • Exhibit 28: Data Table on Comparison by End-user
    • 5.3 BFSI - Market size and forecast 2021-2026
      • Exhibit 29: Chart on BFSI - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Data Table on BFSI - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Chart on BFSI - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on BFSI - Year-over-year growth 2021-2026 (%)
    • 5.4 Retail - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Retail - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Data Table on Retail - Market size and forecast 2021-2026 ($ million)
      • Exhibit 35: Chart on Retail - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Retail - Year-over-year growth 2021-2026 (%)
    • 5.5 Manufacturing - Market size and forecast 2021-2026
      • Exhibit 37: Chart on Manufacturing - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Data Table on Manufacturing - Market size and forecast 2021-2026 ($ million)
      • Exhibit 39: Chart on Manufacturing - Year-over-year growth 2021-2026 (%)
      • Exhibit 40: Data Table on Manufacturing - Year-over-year growth 2021-2026 (%)
    • 5.6 Others - Market size and forecast 2021-2026
      • Exhibit 41: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 44: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by End-user
      • Exhibit 45: Market opportunity by End-user ($ million)

    6 Market Segmentation by Deployment

    • 6.1 Market segments
      • Exhibit 46: Chart on Deployment - Market share 2021-2026 (%)
      • Exhibit 47: Data Table on Deployment - Market share 2021-2026 (%)
    • 6.2 Comparison by Deployment
      • Exhibit 48: Chart on Comparison by Deployment
      • Exhibit 49: Data Table on Comparison by Deployment
    • 6.3 On-premises - Market size and forecast 2021-2026
      • Exhibit 50: Chart on On-premises - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on On-premises - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on On-premises - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on On-premises - Year-over-year growth 2021-2026 (%)
    • 6.4 Cloud-based - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Cloud-based - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Cloud-based - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Cloud-based - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Cloud-based - Year-over-year growth 2021-2026 (%)
    • 6.5 Market opportunity by Deployment
      • Exhibit 58: Market opportunity by Deployment ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 60: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 61: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 62: Chart on Geographic comparison
      • Exhibit 63: Data Table on Geographic comparison
    • 8.3 North America - Market size and forecast 2021-2026
      • Exhibit 64: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 65: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 66: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 67: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.4 APAC - Market size and forecast 2021-2026
      • Exhibit 68: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 69: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 70: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 71: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 8.5 Europe - Market size and forecast 2021-2026
      • Exhibit 72: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 73: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 74: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.6 South America - Market size and forecast 2021-2026
      • Exhibit 76: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 77: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 78: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 8.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 80: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 81: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 82: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 8.8 US - Market size and forecast 2021-2026
      • Exhibit 84: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 85: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 86: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.9 China - Market size and forecast 2021-2026
      • Exhibit 88: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 89: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 90: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 8.10 Germany - Market size and forecast 2021-2026
      • Exhibit 92: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 93: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 94: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 8.11 France - Market size and forecast 2021-2026
      • Exhibit 96: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 97: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 98: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 99: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 8.12 Japan - Market size and forecast 2021-2026
      • Exhibit 100: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 101: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 102: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 103: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 8.13 Market opportunity by geography
      • Exhibit 104: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 11.3 Corcentric Inc.
              • Exhibit 111: Corcentric Inc. - Overview
              • Exhibit 112: Corcentric Inc. - Product / Service
              • Exhibit 113: Corcentric Inc. - Key offerings
            • 11.4 Coupa Software Inc.
              • Exhibit 114: Coupa Software Inc. - Overview
              • Exhibit 115: Coupa Software Inc. - Business segments
              • Exhibit 116: Coupa Software Inc. - Key offerings
              • Exhibit 117: Coupa Software Inc. - Segment focus
            • 11.5 Intelex Technologies
              • Exhibit 118: Intelex Technologies - Overview
              • Exhibit 119: Intelex Technologies - Product / Service
              • Exhibit 120: Intelex Technologies - Key offerings
            • 11.6 International Business Machines Corp.
              • Exhibit 121: International Business Machines Corp. - Overview
              • Exhibit 122: International Business Machines Corp. - Business segments
              • Exhibit 123: International Business Machines Corp. - Key offerings
              • Exhibit 124: International Business Machines Corp. - Segment focus
            • 11.7 LogicGate Inc.
              • Exhibit 125: LogicGate Inc. - Overview
              • Exhibit 126: LogicGate Inc. - Product / Service
              • Exhibit 127: LogicGate Inc. - Key offerings
            • 11.8 MasterControl Inc.
              • Exhibit 128: MasterControl Inc. - Overview
              • Exhibit 129: MasterControl Inc. - Product / Service
              • Exhibit 130: MasterControl Inc. - Key offerings
            • 11.9 MetricStream Inc.
              • Exhibit 131: MetricStream Inc. - Overview
              • Exhibit 132: MetricStream Inc. - Product / Service
              • Exhibit 133: MetricStream Inc. - Key offerings
            • 11.10 SAP SE
              • Exhibit 134: SAP SE - Overview
              • Exhibit 135: SAP SE - Business segments
              • Exhibit 136: SAP SE - Key news
              • Exhibit 137: SAP SE - Key offerings
              • Exhibit 138: SAP SE - Segment focus
            • 11.11 Zoho Corp. Pvt. Ltd.
              • Exhibit 139: Zoho Corp. Pvt. Ltd. - Overview
              • Exhibit 140: Zoho Corp. Pvt. Ltd. - Product / Service
              • Exhibit 141: Zoho Corp. Pvt. Ltd. - Key offerings
            • 11.12 Zycus Inc.
              • Exhibit 142: Zycus Inc. - Overview
              • Exhibit 143: Zycus Inc. - Product / Service
              • Exhibit 144: Zycus Inc. - Key offerings

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 145: Inclusions checklist
                • Exhibit 146: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 147: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 148: Research methodology
                • Exhibit 149: Validation techniques employed for market sizing
                • Exhibit 150: Information sources
              • 12.5 List of abbreviations
                • Exhibit 151: List of abbreviations
              • productivity applications: Include an integrated suite of applications that allow enterprises to manage their internal and external communications, analyze data, and create documents that can be easily exchanged and modified. o

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
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                Vendor Management Software market growth will increase by $4064.93 million during 2022-2026.
                The vendor management software market is expected to grow at a CAGR of 12.27% during 2022-2026.
                Technavio has segmented the vendor management software market by end-user (BFSI, Retail, Manufacturing, and Others) ,deployment (North America, Europe, APAC, and South America) , and geographic (North America, APAC, Europe, South America, and Middle East and Africa).
                360factors Inc., Corcentric Inc., Coupa Software Inc., Deskera USA Inc., eSellerHub, EV Cargo, HICX Solutions Ltd., Intelex Technologies, International Business Machines Corp., Ivalua Inc., LogicGate Inc., LogicManager Inc., MasterControl Inc., MetricStream Inc., Proactis Holdings Plc, Quantivate LLC, SalesWarp, SAP SE, Zoho Corp. Pvt. Ltd., Zycus Inc. are a few of the key vendors in the vendor management software market.
                North America will register the highest growth rate of 41.93% among the other regions. Therefore, the vendor management software market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the vendor management software market growth are:
                • Increased adoption of cloud-based vendor management software
                • Rise in demand for integrated vendor management solutions
                The vendor management software market vendors should focus on grabbing business opportunities from the bfsi segment as it accounted for the largest market share in the base year.
                • What are the key global market and the regional market share?
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                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?
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