Analysis and Forecasts by Deployment Mode (Cloud and On- premise); Enterprise Size (Large Enterprises and SMEs); Industry Vertical (Retail, Manufacturing, BFSI, IT and Telecom, and Others)
No. of Pages:129
Report Code:
TIPRE00007306
Category:
Technology, Media and Telecommunications
North America vendor management software market is expected to grow from US$ 1.58 Bn in 2018 to US$ 3.55 Bn by the year 2027. This represents a CAGR of 9.6% from the year 2018 to 2027.
The IT industries are focusing strongly on their investments in digital technologies through new digital business investments to upgrade the production phase with the integration of artificial intelligence (AI) and real-time analytics. The organizations are adopting vendor management software to manage the critical link among the organization's internal capabilities as well as the external digital business ecosystem. This software collects all the vendor and contract details available in the cloud. The recent 2017 Leadership Vision mainly aims at IT sourcing and vendor management tools, which ensure corporate and personal success, thus, helping the organizations to get practical advice as well as best practices to overcome their challenges and enabling them to gain the expected business outcomes. Such systems provide proficient to focus on sourcing and vendor management, applications, data and analytics, enterprise architecture and technology innovation, infrastructure and operations, program and portfolio management, and security and risk. All these factors are positively impacting the revenue generation of both SMEs and large enterprises by handling the overall vendor management process efficiently at a reduced cost, which is likely to continue to drive the vendor management software market during the forecast period.
Currently, the US is dominating the vendor management software market in terms of adoption, which in turn boost the demand for vendor management software market. The US is a technologically developed country; hence, the adoption of advanced technology is high across various sectors of the country. The country has the presence of diverse industries and is one of the world's leading high-technology innovators. The presence of a large number of well-established players from various sectors is a significant factor that is driving the growth of vendor management software in the country. The US holds the dominant share in the vendor management software market, and it is expected to continue its dominance during the forecast period due to the wide adoption of advanced technologies and the presence of a wide array of companies. The figure given below highlights the revenue share of Mexico in the North America vendor management software market in the forecast period:
Exhibit: Mexico in North America Vendor management software Market Revenue and Forecasts to 2027 (US$ Mn)
NORTH AMERICA VENDOR MANAGEMENT SOFTWARE MARKET - SEGMENTATION
North America Vendor management software Market by Deployment Mode
On-Premise
Cloud
North America Vendor management software Market by Organization Size
SMEs
Large Enterprise
North America Vendor management software Market by Industry Vertical
Retail
Manufacturing
BFSI
IT and Telecom
Others
North America Vendor management software Market by Country
US
Canada
Mexico
North America Vendor management software Companies Mentioned
Coupa Software Inc.
Gatekeeper (Cinergy Technology Limited)
HICX Solutions Ltd.
IBM Corporation
Intelex Technologies Inc.
LogicManager, Inc.
MasterControl Inc.
Ncontracts
SalesWarp
SAP SE
North America Vendor Management Software Market Strategic Insights
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North America Vendor Management Software Market Segmentation Analysis
North America Vendor Management Software Market Report Highlights
North America Vendor Management Software Report Scope
Report Attribute
Details
Market size in 2018
US$ 1.58 Billion
Market Size by 2027
US$ 3.55 Billion
CAGR (2018 - 2027)
9.6%
Historical Data
2016-2017
Forecast period
2019-2027
Segments Covered
By Deployment Mode
Cloud
On-premise
By Enterprise Size
Large Enterprises
SMEs
By Industry Vertical
Retail
Manufacturing
BFSI
IT
Telecom
Regions and Countries Covered
North America
US, Canada, Mexico
Market leaders and key company profiles
Coupa Software Inc.
Gatekeeper (Cinergy Technology Limited)
HICX Solutions Ltd.
IBM Corporation
Intelex Technologies Inc.
LogicManager, Inc.
MasterControl Inc.
Ncontracts
SalesWarp
SAP SE
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North America Vendor Management Software Market Country and Regional Insights
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The List of Companies - North America Vendor Management Software Market
How big is the North America Vendor Management Software Market?
The North America Vendor Management Software Market is valued at US$ 1.58 Billion in 2018, it is projected to reach US$ 3.55 Billion by 2027.
What is the CAGR for North America Vendor Management Software Market by (2018 - 2027)?
As per our report North America Vendor Management Software Market, the market size is valued at US$ 1.58 Billion in 2018, projecting it to reach US$ 3.55 Billion by 2027. This translates to a CAGR of approximately 9.6% during the forecast period.
What segments are covered in this report?
The North America Vendor Management Software Market report typically cover these key segments-
Deployment Mode (Cloud, On-premise)
Enterprise Size (Large Enterprises, SMEs)
Industry Vertical (Retail, Manufacturing, BFSI, IT, Telecom)
What is the historic period, base year, and forecast period taken for North America Vendor Management Software Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Vendor Management Software Market report:
Historic Period : 2016-2017
Base Year : 2018
Forecast Period : 2019-2027
Who are the major players in North America Vendor Management Software Market?
The North America Vendor Management Software Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Coupa Software Inc.
Gatekeeper (Cinergy Technology Limited)
HICX Solutions Ltd.
IBM Corporation
Intelex Technologies Inc.
LogicManager, Inc.
MasterControl Inc.
Ncontracts
SalesWarp
SAP SE
Who should buy this report?
The North America Vendor Management Software Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the North America Vendor Management Software Market value chain can benefit from the information contained in a comprehensive market report.
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