Vendor Relationship Management Software Market Size, Trends & Analysis - Forecasts to 2025 By Deployment Mode (On-Premises, On- Demand); By End-Use (Manufacturing, Retail, Wholesale/Distribution, Transportation & Logistics, Telecom Services, Financial Services, and Government); By Region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa); End-Use Landscape, Vendor Landscape, and Company Market Share Analysis & Competitor Analysis - Global Market Estimates
Vendor Relationship Management Software Insights
The vendor relationship management software market is expected to grow exponentially over the forecast period. Factors such as enhanced operational efficiency, reduced cost, and minimal price volatility among others are expected to stimulate the overall market growth in the coming years. Vendor relationship management includes services such as supplier registration & management, procurement of new products, catalog management, centralized management, and access to remote locations for third-party suppliers among others.
The organizations having collaborations and long-term partnership with their suppliers and vendors are anticipated to witness significant growth opportunities over the coming years. The vendor relationship management software helps organizations to face minimum exposure to risk and aids enhanced delivery of products. The increasing demand for SaaS-based software and solutions has also contributed considerably towards the market growth. However, non-transparency of processes along with the presence of open source suppliers is projected to pose a challenge to the overall market.
Vendor Relationship Management Software Market: Deployment Insights
Based on deployment type, the market has been divided into cloud-based and on-premises. The cloud-based segment is projected to register the highest growth rate over the coming years due to growing adoption of cloud-based technologies in organizations along with other benefits associated with it including enhanced performance and easy availability of data backup. The demand for the on-premise segment is also likely to grow at a high rate due to its lower initial deployment cost.
Vendor Relationship Management Software Market: End-Use Insights
Based on end-use, the market is segmented into manufacturing, retail, wholesale/distribution, transportation & logistics, telecom services, financial services, and government. The retail sector is expected to grow at a rapid rate due to the growing demand for real-time analytics. The deployment of vendor relationship management software in the retail sector is expected to optimize supply chain management by streamlining supply chain deficiencies. The retail sector is exposed to huge investments by private equity firms & wealth firms and therefore possesses ample opportunities for the market growth. The BFSI segment is also projected to grow at a considerable rate over the coming years
Vendor relationship management software: Regional Insights
North America held the maximum revenue share of the overall market in 2016 due to early adoption of technology and the existence of major players across the region. The growing demand for the product in small & medium-sized enterprises and large enterprises is also considered as one of the major factors of the market growth. Europe is projected to follow North America in terms of market share. Asia-Pacific is expected to grow at the highest CAGR over the coming years due to the growing demand from countries such as India, China, and Singapore. The demand in Central & South America and Middle East & Africa is likely to grow at a moderate rate due to lower awareness and understanding of the consumers about the product.
Vendor Relationship Management Software: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase Vendor relationship management software over the coming years. Some of the leading consumers of the market include Wal-Mart, Berkshire Hathaway, and ICBC among others.
Vendor relationship management software: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Vendor relationship management software Share & Competitor Analysis
Some of the key developers profiled in the vendor relationship management software market include, IBM, Ariba Inc., JDA Software Group Inc., Intelex Technologies, Oracle Corp., SAP AG, Epicor Software Corp., Iasta Inc., Zycus Inc., Neocase Software, Biznet Solutions Ltd., and Whiztec Software among others.
Please note: This is not an exhaustive list of companies profiled in the report.
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The global Vendor Relationship Management Software Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Vendor Relationship Management Software Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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