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North America Vendor Management Software Market to Reach Nearly US$ 3.55 Bn by 2027
North America Vendor Management Software Market
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The IT industries are focusing strongly on their investments in digital technologies through new digital business investments to upgrade the production phase with the integration of artificial intelligence (AI) and real-time analytics. The organizations are adopting vendor management software to manage the critical link among the organization's internal capabilities as well as the external digital business ecosystem. This software collects all the vendor and contract details available in the cloud.
Currently, the US is dominating the vendor management software market in terms of adoption, which in turn boost the demand for vendor management software market. The US is a technologically developed country; hence, the adoption of advanced technology is high across various sectors of the country. The country has the presence of diverse industries and is one of the world’s leading high-technology innovators.
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The presence of a large number of well-established players from various sectors is a significant factor that is driving the growth of vendor management software in the country. The US holds the dominant share in the vendor management software market, and it is expected to continue its dominance during the forecast period due to the wide adoption of advanced technologies and the presence of a wide array of companies.
NORTH AMERICA VENDOR MANAGEMENT SOFTWARE MARKET – SEGMENTATION
North America Vendor management software Market by Deployment Mode
• On-Premise
• Cloud
North America Vendor management software Market by Organization Size
• SMEs
• Large Enterprise
North America Vendor management software Market by Industry Vertical
• Retail
• Manufacturing
• BFSI
• IT and Telecom
• Others
North America Vendor management software Market by Country
• US
• Canada
• Mexico
North America Vendor management software Companies Mentioned
• Coupa Software Inc.
• Gatekeeper (Cinergy Technology Limited)
• HICX Solutions Ltd.
• IBM Corporation
• Intelex Technologies Inc.
• LogicManager, Inc.
• MasterControl Inc.
• Ncontracts
• SalesWarp
• SAP SE
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