Scope of the Study
Vendor management system is an application which is internet enabled and web based. It provides the mechanism to procure staffing services for temporary as well as permanent and outside contract or contingent labor. Vendor management system includes staff ordering processes, automated billing, management reporting, business intelligent functionality, workflow engines, tracking facilities and others. The installed vendor management system creates a centralized internet based environment that allows the purchaser to staff resource requirement.
The market study is being classified and major geographies with country level break-up.
SAP SE (Germany), Microsoft Corporation (United States), Oracle Corporation (United States), Deloitte (United Kingdom), Cognizant Technology Solutions (United States), Zoho (India), Tipalti Solutions Ltd. (United States), Aruvio, Inc. (United States), Bravo Solution SPA (Italy) and Determine Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Technology and Business Integrators, Inc. (United States), Cobble Stone Systems Corp. (United States), Contractpedia (Denmark) and SupplierSoft Inc. (United States).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Vendor Management System market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Vendor Management System market by Type, Application and Region.
On the basis of geography, the market of Vendor Management System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Need for Better Management for Internal Compliance
- Bimodal Sourcing and New Outsourcing Pricing Model is Fueling the Market Growth
- Increasing Demand for Automation of Sourcing and Management Process
- Technological Advancements in Vendor Management
- Design Complexity and Time Required for Development is Hampering the Market
- Increasing Demand for Vendor Sourcing and Management Software
- Centralization of Vendor Procurement Process is Boosting the Market
- Management of Manual Activities and Supplier Evaluation
Market Leaders and their expansionary development strategies
In 2018, SAP has acquired Contextor which is involved in design and integration of robotic process automation. and In 2018, Sap has also acquired Qualtrics which is a technology platform which is used to collect manage and act on experience data called X-data.
Key Target AudienceVendor management system provider, Government associations, Research organizations, Enterprise software vendors and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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