Vendor Risk Management Software Market

Vendor risk management software provides a centralized repository for communication, project, and payroll management for businesses employing contingent labor, including vendors, contractors, and freelancers. Vendor management systems oversee the entire vendor relationship?from finding a vendor to submitting timecards and issuing paychecks. This software provides effective communication channels, task management tools, and organizes vendor/contractor payments, expenses, and contracts. All company sizes, industries, and departments that use vendors and employ contractors and/or freelancers can benefit from implementing vendor management software. These tools provide powerful, often cloud-based, solutions that streamline communication and productivity and can be integrated throughout the entire labor ecosystem.
Vendor Risk Management Software Market contains market size and forecasts of Vendor Risk Management Software in Global, including the following market information:
Global Vendor Risk Management Software Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Vendor Risk Management Software market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Cloud Based Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Vendor Risk Management Software include MetricStream, Bitsight, SecurityScorecard, SAI Global, LogicGate, DueDil, Intelex Technologies, IBM and LockPath, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Vendor Risk Management Software companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Vendor Risk Management Software Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Vendor Risk Management Software Market Segment Percentages, by Type, 2021 (%)
Cloud Based
Web Based
Global Vendor Risk Management Software Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Vendor Risk Management Software Market Segment Percentages, by Application, 2021 (%)
Large Enterprises
SMEs
Global Vendor Risk Management Software Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Vendor Risk Management Software Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Vendor Risk Management Software revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Vendor Risk Management Software revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
MetricStream
Bitsight
SecurityScorecard
SAI Global
LogicGate
DueDil
Intelex Technologies
IBM
LockPath
Genpact
Resolver