The Supplier Relationship Management Software Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Supplier Relationship Management Software Market?
The market size of supplier relationship management software has experienced speedy growth in the past few years. It is projected to elevate from $12.12 billion in 2024 to $13.41 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Supplier Relationship Management Software Industry?
The market size of supplier relationship management software is predicted to reach $19.82 billion in 2029, with a compound annual growth rate (CAGR) of 10.3%.
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What are the Key Growth Drivers Fueling the Supplier Relationship Management Software Market?
The drivers in the supplier relationship management software market are:
• Globalization is increasing the demand for supplier relationship management software
• Technological advancements are improving and encouraging the use of this software
• Increased need for efficiency in supplier management
• Need for regulatory compliance in supplier relationships
• The growth and complexity of supply chains have heightened the need for such software
• The rise of e-commerce has increased the need for effective supplier management systems.
Global Market Segmentation: Identifying Major Supplier Relationship Management Software Industry Segments
The supplier relationship management software market covered in this report is segmented –
1) By Type: On-Premise, Cloud Based
2) By Enterprise Size: Large Enterprise, Small And Medium-Sized Enterprises
3) By Industry Vertical: Manufacturing, Retail, Automotive, Transportation And Logistics, Telecom, Banking, Financial Services, And Insurance, Other Industry Verticals
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What are the emerging Trends Shaping the Future of the Supplier Relationship Management Software Market?
The trends in the supplier relationship management software market are:
• The integration of artificial intelligence and machine learning is a major emerging trend.
• Predictive analytics are increasingly influencing the market.
• The focus on building collaborative supplier networks is growing.
• The emphasis on transparency, agile procurement processes, and growth in mobile procurement solutions are shaping the future.
Who Are the Top Competitors & Leading Players in the Supplier Relationship Management Software Market?
The major players in the supplier relationship management software market are:
• Oracle Corporation
• GEP LLC
• Epicor Software Corporation
• Coupa Software Incorporated
• Icertis Inc
Regional Dominance: Which Area Leads the Global Global Supplier Relationship Management Software Market Overview 2025: Competitive Analysis & Growth Trends Market?
North America was the largest region in the supplier relationship management software market in 2024
