Global Supplier Relationship Management (SRM) Software Market Size Was Valued at USD 12.24 Billion in 2022, and is Projected to Reach USD 28.89 Billion by 2030, Growing at a CAGR of 11.33% From 2023-2030.
Supplier Relationship Management software solutions empower businesses to cultivate and sustain robust relationships with their suppliers, fostering collaboration, communication, and efficiency across the supply chain. The market’s growth is fueled by various factors, such as a heightened emphasis on supplier collaboration, the need for cost optimization, and the widespread adoption of cloud-based SRM solutions. As global supply chains grow increasingly complex, SRM software becomes essential for ensuring resilience and continuity in supply chain operations.
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Top Key Players of Supplier Relationship Management (SRM) Software Market:
SAP Ariba (United States), Coupa Software (United States), Oracle Corporation (United States), Jaggaer (United States), Ivalua Inc. (United States), GEP Worldwide (United States), Zycus Inc. (United States), IBM Corporation (United States), Tradeshift (United States), Epicor Software Corporation (United States), BirchStreet Systems (United States), Concord (United States), Icertis (United States), Exela Technologies (United States), Per Angusta (France), SynerTrade SA (France), Basware Corporation (Finland), Proactis Holdings (UK), Gatekeeper (UK), Pool4Tool (Austria), and Other Major Players
The latest research on the Supplier relationship management (SRM) software market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the Supplier relationship management (SRM) software industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Supplier relationship management (SRM) software market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
Supplier Relationship Management (SRM) Software Market Trends:
Increasing Compliance and Regulatory Needs
The market for supplier relationship management (SRM) software is growing as a result of the increase in compliance and regulatory requirements. Businesses are under increasing pressure to maintain conformity to various standards and rules governing supplier relations and procurement procedures, as regulatory frameworks across industries become more stringent. SRM software shows up as a crucial tool for navigating these complex environments, providing features to provide thorough audit trails, track relevant operations, and facilitate compliance.
supplier relationship management (SRM) software is becoming more and more in demand as supply chain operations place an increasing emphasis on accountability and transparency. Companies are required to demonstrate sustainable procurement methods, ethical sourcing methods, and adherence to labor and environmental laws. SRM software provides
Supplier Relationship Management (SRM) Software Market Segmentation:
By Deployment Mode
· On-premise
· Cloud
By Enterprise Size
· Large Enterprise
· Small and Medium-sized Large Enterprises
By Industry Vertical
· Manufacturing
· Retail
· Automotive
· Transportation & Logistics
· Telecom
· BFSI
By Region
· North America (US, Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
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Supplier Relationship Management Software Market Report Provides The Following Benefits To Stakeholders:
· Detailed qualitative information on Market with promising growth can be found in the analysis, as well as insights on niche Market.
· This report provides information on Market share, demand and supply ratios, supply chain analysis, and import/export details.
· There is a detailed analysis of current and emerging Market trends and opportunities in the report.
· An in-depth analysis provides an understanding of the factors that will drive or inhibit the Market ‘s growth.
· It is conducted a thorough analysis of the industry by monitoring the top competitors and the key positioning of the key products within the Market context.
· The Supplier Relationship Management Software Market Report offers a detailed qualitative and quantitative analysis of future estimates and current trends and assists in determining the Market potential for the present.
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