Market Overview:
The global supplier management solutions market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The market growth is attributed to the increasing demand for cloud-based supplier management solutions and the growing need for visibility and control over the supply chain. The on-premise segment is expected to dominate the market during the forecast period, owing to its advantages such as low implementation costs and better security features. However, the cloud-based segment is projected to grow at a higher CAGR during the forecast period, due to its advantages such as scalability, flexibility, and lower implementation costs.
Product Definition:
A supplier management solution is a software application that helps businesses manage their relationships with suppliers. It typically includes features that allow businesses to track supplier performance, negotiate prices, and place orders. Supplier management solutions can be used to manage any type of supplier relationship, including those with vendors, contractors, and suppliers of raw materials or finished goods.
The importance of supplier management solutions depends on the business. For some businesses, it is critical to have a system in place for managing their suppliers in order to ensure quality products and timely deliveries. Other businesses may not need a dedicated system for managing suppliers and may be able to get by using other software applications or manual processes.
On-premise:
On-premise software is a type of cloud computing system that involves the use of dedicated hardware and software systems at a company's main site to provide services such as email, file storage, web hosting, database processing and application development. The service allows companies to run their business without relying on internet connectivity or third-party assistance.
Cloud Based:
Cloud-based solutions are software-as-a-service solutions that provide a wide range of capabilities for managing business operations. Cloud based software is used to streamline processes and help in improving operational efficiency by reducing costs, automating tasks, increasing speed to market with new products or services and enhancing collaboration among businesses. The cloud based supplier management solutions help the vendors manage their customer database along with other vendor data which includes information about vendors such as contact information, purchase orders etc.
Application Insights:
The industrial goods segment led the global supplier management solutions market in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030. The growth can be attributed to the increasing demand for industrial machinery & equipment across various industries such as energy, mining & metals, construction, and transportation among others.
The automotive sector is also expected to witness significant growth owing to increasing investments in research & development activities by major players such as General Motors Company LLC (GM), Ford Motor Company LLC., Toyota Motors Corporation., Honda Motor Co., Ltd., Volkswagen AG Audi AG Porsche SE Mercedes-Benz AMG GmbH BMW AG amongst others. These companies are continuously trying new technologies that will help them provide better services and products leading towards increased adoption of SPS among automotive Suppliers globally.
Regional Analysis:
Asia Pacific region is anticipated to witness the highest CAGR of XX% during the forecast period. The growth can be attributed to rising manufacturing activities in countries such as China, India, and Japan. In addition, increasing foreign investments coupled with favorable government policies are expected to drive regional market growth over the next eight years.
North America is estimated to hold a significant share of global revenue in 2017 owing to high demand for IT infrastructure services and cloud-based supplier management solutions from small & medium enterprises (SMEs). Moreover, growing adoption of mobile devices along with increasing consumer spending on electronic products has also contributed significantly toward regional market development.
The European region accounted for more than 20% share in 2016 owing to rapid technological advancements across various industries including automotive and energy sector that have led towards improved performance of vehicles and power generation equipment among others.
Growth Factors:
- Increased demand for transparency and accountability in the supply chain
- The need for better supplier management to mitigate risk
- Growing complexity of global supply chains
- The increasing pressure to reduce costs and improve efficiency
- Rising awareness of the benefits of supplier management solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Supplier Management Solutions Market Research Report
By Type
On-premise, Cloud Based
By Application
Automotive, Electronic Products, Consumer Goods, Industrial Goods, Oil & Gas, Mining & Metals, Energy, Others
By Companies
Accenture Consulting, IBM Global Services, Bain & Company, GEP, Tata Consultancy Services, Ernst & Young Advisory, Capgemini Consulting, Infosys Consulting, The Boston Consulting Group, Inc., Booz Allen Hamilton, CGI Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Supplier Management Solutions Market Report Segments:
The global Supplier Management Solutions market is segmented on the basis of:
Types
On-premise, Cloud Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Electronic Products, Consumer Goods, Industrial Goods, Oil & Gas, Mining & Metals, Energy, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Accenture Consulting
- IBM Global Services
- Bain & Company
- GEP
- Tata Consultancy Services
- Ernst & Young Advisory
- Capgemini Consulting
- Infosys Consulting
- The Boston Consulting Group, Inc.
- Booz Allen Hamilton
- CGI Group
Highlights of The Supplier Management Solutions Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-premise
- Cloud Based
- By Application:
- Automotive
- Electronic Products
- Consumer Goods
- Industrial Goods
- Oil & Gas
- Mining & Metals
- Energy
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Supplier Management Solutions Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Supplier Management Solutions is a global provider of supply chain management solutions. The company's products include procurement software, supplier management services, and logistics solutions.
Some of the major players in the supplier management solutions market are Accenture Consulting, IBM Global Services, Bain & Company, GEP, Tata Consultancy Services, Ernst & Young Advisory, Capgemini Consulting, Infosys Consulting, The Boston Consulting Group, Inc., Booz Allen Hamilton, CGI Group.
The supplier management solutions market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Supplier Management Solutions Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Supplier Management Solutions Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Supplier Management Solutions Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Supplier Management Solutions Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Supplier Management Solutions Market Size & Forecast, 2020-2028
4.5.1 Supplier Management Solutions Market Size and Y-o-Y Growth
4.5.2 Supplier Management Solutions Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 On-premise
5.2.2 Cloud Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Electronic Products
6.2.3 Consumer Goods
6.2.4 Industrial Goods
6.2.5 Oil & Gas
6.2.6 Mining & Metals
6.2.7 Energy
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Supplier Management Solutions Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Supplier Management Solutions Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 On-premise
9.6.2 Cloud Based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Electronic Products
9.10.3 Consumer Goods
9.10.4 Industrial Goods
9.10.5 Oil & Gas
9.10.6 Mining & Metals
9.10.7 Energy
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 On-premise
10.6.2 Cloud Based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Electronic Products
10.10.3 Consumer Goods
10.10.4 Industrial Goods
10.10.5 Oil & Gas
10.10.6 Mining & Metals
10.10.7 Energy
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 On-premise
11.6.2 Cloud Based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Electronic Products
11.10.3 Consumer Goods
11.10.4 Industrial Goods
11.10.5 Oil & Gas
11.10.6 Mining & Metals
11.10.7 Energy
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 On-premise
12.6.2 Cloud Based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Electronic Products
12.10.3 Consumer Goods
12.10.4 Industrial Goods
12.10.5 Oil & Gas
12.10.6 Mining & Metals
12.10.7 Energy
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 On-premise
13.6.2 Cloud Based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Electronic Products
13.10.3 Consumer Goods
13.10.4 Industrial Goods
13.10.5 Oil & Gas
13.10.6 Mining & Metals
13.10.7 Energy
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Supplier Management Solutions Market: Competitive Dashboard
14.2 Global Supplier Management Solutions Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Accenture Consulting
14.3.2 IBM Global Services
14.3.3 Bain & Company
14.3.4 GEP
14.3.5 Tata Consultancy Services
14.3.6 Ernst & Young Advisory
14.3.7 Capgemini Consulting
14.3.8 Infosys Consulting
14.3.9 The Boston Consulting Group, Inc.
14.3.10 Booz Allen Hamilton
14.3.11 CGI Group
