North America vendor management software market is expected to grow from US$ 1.58 Bn in 2019 to US$ 3.55 Bn by the year 2027. This represents a CAGR of 9.6% from the year 2020 to 2027

Technology, Media and TelecommunicationsThe North America Vendor Management Software market is growing along with the Technology, Media, and Telecommunications industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.

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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. 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.

These factors are expected to offer broad growth opportunities in the Technology, Media and Telecommunications industry and this is expected to cause the demand for VENDOR MANAGEMENT SOFTWARE in the market.

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NORTH AMERICA VENDOR MANAGEMENT SOFTWARE MARKET - SEGMENTATION

By Deployment Mode

• On-Premise
• Cloud

By Organization Size

• SMEs
• Large Enterprise

By Industry Vertical

• Retail
• Manufacturing
• BFSI
• IT and Telecom
• Others

By Country

• US
• Canada
• Mexico

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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