Vendor Management Software Market Scope, Analysis, and Trends by 2031
Vendor Management Software Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 7.39 Billion |
Market Size by 2031 | US$ 19.94 Billion |
Global CAGR (2023 - 2031) | 13.2% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Deployment Mode
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Vendor Management Software Market News and Recent Developments
The vendor management software market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for vendor management software and strategies:
- In November 2022, Cloud5 Communications, Inc launched a new Project Management solution to manage the full lifecycle of project relationships – from contract negotiations and day-to-day management to issue escalation and resolution. Cloud5’s PMO serves as a single resource for all vendor interactions – building strong relationships with vendors that can lead to better rates, cost savings, and a dramatic reduction of the burden on hotel staff. (Source: Cloud5 Communications, Inc, Press Release, 2022)
Vendor Management Software Market Report Coverage and Deliverables
The “Vendor Management Software Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles