PUBLISHER: QKS Group | PRODUCT CODE: 1637607
PUBLISHER: QKS Group | PRODUCT CODE: 1637607
Market Share and Forecast: Vendor Management System (VMS), 2023-2028, Western Europe (Bundle of Two Reports)
This product includes two reports: Market Share and Market Forecast.
Market Share Description:
QKS Group Reveals that Vendor Management System (VMS) Market is Projected to Register a CAGR of above average by 2028 in Western Europe.
Western Europe is rapidly emerging as a key market for Vendor Management System (VMS) software. The region is experiencing a surge in digital transformation across various industries, driven by a growing need for strategic alignment between business and IT. This transformation is fueling the demand for robust VMS solutions. Western European organizations are increasingly recognizing the value of VMS software that supports comprehensive lifecycle stages-from conceptualization and design to manufacturing, marketing, and retirement. These solutions help organizations enhance collaboration, improve product quality, and accelerate time-to-market. Consequently, the Western European market is witnessing significant growth in the implementation of VMS software. Businesses are leveraging these solutions to streamline operations, enhance agility, and gain a competitive edge in the evolving product development and management landscape.
Quadrant Knowledge Solutions defines VMS "as a software that assists organizations in automating and optimizing various processes related to managing contingent or contractual workforce and their service providers. The VMS also streamlines activities such as searching for talent, hiring, engagement, invoicing, payment processing, and overall management of contingent workforce operations. The key functionalities of VMS software include managing end-to-end activities such as hiring processes, onboarding and offboarding procedures, workflow and requisition management, candidate tracking, contract management, payroll processing, billing and invoicing, performance monitoring, spend tracking, and compliance management. Additionally, VMS offers comprehensive tools to efficiently manage all aspects of the contingent workforce within an organization."
Market Forecast Description:
QKS Group Reveals that Vendor Management System (VMS) Market is Projected to Register a CAGR of above average by 2028 in Western Europe.
Western Europe is currently experiencing a surge in the adoption of Vendor Management System (VMS) software, propelled by a significant digital transformation across various industries. Companies in the region are increasingly integrating VMS solutions to streamline vendor relationships, enhance procurement processes, and strengthen operational efficiencies.
The robust capabilities of VMS software, which facilitate comprehensive vendor lifecycle management from sourcing and onboarding to performance monitoring and contract management, are enabling organizations to foster strategic partnerships, optimize vendor selection, and achieve cost savings. This trend underscores the growing importance of advanced VMS technologies in Western Europe, empowering businesses to navigate global supply chain complexities, mitigate risks, and maintain compliance with regulatory standards.
Quadrant Knowledge Solutions defines VMS as software that assists organizations in automating and optimizing various processes related to managing contingent or contractual workforce and their service providers. The VMS also streamlines activities such as searching for talent, hiring, engagement, invoicing, payment processing, and overall management of contingent workforce operations. The key functionalities of VMS software include managing end-to-end activities such as hiring processes, onboarding and offboarding procedures, workflow and requisition management, candidate tracking, contract management, payroll processing, billing and invoicing, performance monitoring, spend tracking, and compliance management. Additionally, VMS offers comprehensive tools to efficiently manage all aspects of the contingent workforce within an organization.
TABLE OF CONTENTS
Market Share:
Chapter 01: Executive Summary
- Key Research Findings
- Top Predictions
- Top Trends
- Market Summary
Chapter 02: Market Overview
- Market Definition and Scope
- Key Factors Impacting the Market
- Drivers & Restraints
Chapter 03: Market Share Analysis
- Western Europe Market Share
- Western Europe Market Share by Industry Verticals
- Market Share by Media & Entertainment
- Market Share by Retail
- Market Share by BFSI
- Market Share by Travel & Hospitality
- Market Share by Education
- Market Share by Public Sector
- Market Share by Healthcare & Life Science
- Market Share by Automotive
- Market Share by Food & Beverage
- Western Europe Market Share by Deployment Type
- Market Share by Deployment Type: On prem
- Market Share by Deployment Type: Cloud
- Western Europe Market Share by Customer Type
- Market Share by SMB
- Market Share by Large
- Market Share by Enterprise
Chapter 04: Company Profile
- Company Overview
- Analyst Perspectives and Analysis
Chapter 05: Appendix
- Research Methodologies
Market Forecast:
Chapter 01: Executive Summary
- Key Research Findings
- Top Predictions
- Top Trends
- Market Summary
Chapter 02: Market Overview
- Market Definition and Scope
- Key Factors Impacting the Market
- Drivers & Restraints
Chapter 03: Market Forecast Analysis
- Western Europe Market Forecast
- Western Europe Market Forecast by Industry Verticals
- Market Forecast by Media & Entertainment
- Market Forecast by Retail
- Market Forecast by BFSI
- Market Forecast by Travel & Hospitality
- Market Forecast by Education
- Market Forecast by Public Sector
- Market Forecast by Healthcare & Life Science
- Market Forecast by Automotive
- Market Forecast by Food & Beverage
- Western Europe Market Forecast by Deployment Type
- Market Forecast by Deployment Type: On prem
- Market Forecast by Deployment Type: Cloud
- Western Europe Market Forecast by Customer Type
- Market Forecast by SMB
- Market Forecast by Large
- Market Forecast by Enterprise
Chapter 04: Company Profile
- Company Overview
- Analyst Perspectives and Analysis
Chapter 05: Appendix
- Research Methodologies
LIST OF FIGURES
Market Share:
- Fig. 1 Market Share of Vendor Management System (VMS) Western Europe, 2023
- Fig. 2 Western Europe Market Share of Vendor Management System (VMS) IT & Telecom Industry, 2023
- Fig. 3 Western Europe Market Share of Vendor Management System (VMS) Banking & Financial Services Industry, 2023
- Fig. 4 Western Europe Market Share of Vendor Management System (VMS) Insurance Industry, 2023
- Fig. 5 Western Europe Market Share of Vendor Management System (VMS) Healthcare Industry, 2023
- Fig. 6 Western Europe Market Share of Vendor Management System (VMS) Government & Public Sector, 2023
- Fig. 7 Western Europe Market Share of Vendor Management System (VMS) Retail & eCommerce, 2023
- Fig. 8 Western Europe Market Share of Vendor Management System (VMS) Manufacturing, 2023
- Fig. 9 Western Europe Market Share of Vendor Management System (VMS) Hospitality, 2023
- Fig. 10 Western Europe Market Share of Vendor Management System (VMS) On-premises Deployment, 2023
- Fig. 11 Western Europe Market Share of Vendor Management System (VMS) Cloud Deployment, 2023
- Fig. 12 Western Europe Market Share of Vendor Management System (VMS) SMB Customers, 2023
- Fig. 13 Western Europe Market Share of Vendor Management System (VMS) Large Customers, 2023
- Fig. 14 Western Europe Market Share of Vendor Management System (VMS) Enterprise Customers, 2023
Market Forecast:
- Fig. 1 Market Forecast of Vendor Management System (VMS) Western Europe, 2024- 2028
- Fig. 2 Market Forecast of Vendor Management System (VMS) IT & Telecom Industry, 2024- 2028
- Fig. 3 Market Forecast of Vendor Management System (VMS) Banking & Financial Services Industry, 2023
- Fig. 4 Market Forecast of Vendor Management System (VMS) Insurance Industry, 2024- 2028
- Fig. 5 Market Forecast of Vendor Management System (VMS) Healthcare Industry, 2024- 2028
- Fig. 6 Market Forecast of Vendor Management System (VMS) Government & Public Sector, 2024- 2028
- Fig. 7 Market Forecast of Vendor Management System (VMS) Retail & eCommerce, 2024- 2028
- Fig. 8 Market Forecast of Vendor Management System (VMS) Manufacturing, 2024- 2028
- Fig. 9 Market Forecast of Vendor Management System (VMS) Hospitality, 2024- 2028
- Fig. 10 Market Forecast of Vendor Management System (VMS) On-premises Deployment, 2024- 2028
- Fig. 11 Market Forecast of Vendor Management System (VMS) Cloud Deployment, 2024- 2028
- Fig. 12 Market Forecast of Vendor Management System (VMS) SMB Customers, 2024- 2028
- Fig. 13 Market Forecast of Vendor Management System (VMS) Large Customers, 2024- 2028
- Fig. 14 Market Forecast of Vendor Management System (VMS) Enterprise Customers, 2024- 2028
