With the retail industry witnessing a huge shift from offline to online stores and increased integration of technology, there is a need for a wide variety of automation and support tools. Technology is increasingly becoming the core aspect of the retail industry, which is driving companies to adopt new tools to streamline the processes. Vendor Management Solutions is a fairly new offering, focused on managing order distribution, reporting, and billing. With the retail industry moving at a really fast pace, the demand for vendor management software has witnessed rapid growth in the recent times. With many small and medium sized retail companies investing technology solutions, the market is projected to witness strong growth in the coming years.
Cloud deployment is witnessing rapid growth in the market
Cloud has become the primary delivery model in many industries, with both established and new companies integrating cloud solutions in the retail segment. With the focus of technology in retail sector growing at a very high pace, the consumption of cloud based solutions is also growing. Increasing use of automation tools and growing size of data is driving companies to opt for flexible solutions. With cloud-based companies enabling users to scale as per the requirement, the demand for cloud vendor management software is on a rise. However, on-premise deployment model is expected to hold a significant share in the market over the coming years, with demand from small companies expected grow strong over the forecast period.
Asia-Pacific to Emerge as the Fastest Growing Region over the Forecast Period
Retail sector is witnessing fast paced investments in Asia-Pacific, with global companies anticipating to capture a huge market. Large population and increasing living standards are enabling the growth of the retail industry in Asia-pacific. E-commerce and m-commerce has boomed exponentially in the recent years. With companies focusing heavily on expansion and scaling, the demand for technology solutions in retail sector are growing. Vendor Management Software is also witnessing increased growth from the Asia-Pacific market. With India and China emerging to be the largest retail markets, globally, the demand for vendor management software from this region is projected to surge in the coming years.
Key Developments in the Market
- Mar 2018 - Deloitte has announced the launch of a new solution suite that helps businesses gain more value from direct materials activities using SAP Ariba solutions.
Reasons to Purchase this Report
- Current and future predictive maintenance market outlook in the developed and emerging markets.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- The segment that is expected to dominate the market.
- Regions that are expected to witness fastest growth during the forecast period.
- Latest developments, market shares, and strategies employed by the major market players.
- 3 months analyst support, along with the Market Estimate sheet (in excel).
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1.1 Scope of the Study
1.2 Executive Summary
2. Research Approach and Methodology
2.1 Key Deliverables of the Study
2.2 Study Assumptions
2.3 Analysis Methodology
2.4 Research Phases
3. Market Insights
3.1 Market Overview
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitutes
3.2.5 Intensity of Competitive Rivalry
3.3 Industry Value Chain Analysis
4. Market Dynamics
4.1 Market Drivers
4.1.1 Increasing Investments in Retail Sector
4.1.2 Growing E-Commerce Sector
4.1.3 Need For Optimising Resources
4.2 Market Restraints
4.2.1 Rapidly Increasing Size of Market
4.2.2 Complexity in Data Management
5. Global Vendor Management Software Market - Segmentation
5.1 By Deployment Model
5.2 By Region
5.2.1 North America
126.96.36.199 Rest of Europe
188.8.131.52 Rest of Asia-Pacific
5.2.4 Latin America
184.108.40.206 Rest of Latin America
5.2.5 Middle East and Africa
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 South Africa
126.96.36.199 Rest of Middle East & Africa
6. Competitive Intelligence - Company Profiles
6.1 IBM Corporation
6.2 SAP Ariba
6.3 MetricStream Inc.
6.4 MasterControl Inc.
6.5 Intelex Technologies
6.6 LogicManager Inc.
6.7 HICX Solutions Ltd
6.8 Coupa Software Incorporated
6.9 TraceGains Inc.
6.10 Wise Retail
*List is not Exhaustive
7. Investment Analysis
8. Outlook of the Vendor Management Software Market