The document summarizes a report on the growing vendor relationship management software market. It is expected to grow exponentially due to factors like improved efficiency and reduced costs. Vendor relationship management software helps organizations optimize supply chain management and reduce risks. While the cloud-based segment is projected to see the highest growth, demand for the on-premise model is also expected to increase due to its lower initial costs. The retail sector in particular is poised for rapid growth in adopting this software.

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Ankita Roy, Treesha Banerjee and Liza D’souza from Global Market Estimates throw the spotlight on
the growing Vendor Relationship Management Software Market
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.

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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.

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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.
The report segments the Vendor Relationship Management Software Market on the basis of:
By Deployment Mode
 On-Premises
 On- Demand

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By End-Use
 Manufacturing
 Retail
 Wholesale/Distribution
 Transportation & Logistics
 Telecom Services
 Financial Services
 Government
By Region:
 North America
 Europe
 Asia Pacific
 Central & South America
 Middle East & Africa
* This article contains text from the ‘Vendor Relationship Management Software Market – Forecast
to 2025’ report prepared by Global Market Estimates. For more information or to buy the report,
please visit: https://www.globalmarketestimates.com/vendor-relationship-management-
software-market/
* Check our annual research partnership service at:
https://www.globalmarketestimates.com/annual-research-partnership-services/