Supplier Relationship Management Software Market Size, Share, and Growth Analysis

Global Supplier Relationship Management Software Market

Supplier Relationship Management Software Market By Deployment Mode (On-premise, Cloud), By Enterprise Size (Large Enterprise, Small and Medium-sized Large Enterprises), By Industry Vertical (Manufacturing, Retail), By Region - Industry Forecast 2025-2032


Report ID: SQMIG45E2375 | Region: Global | Published Date: July, 2025
Pages: 199 |Tables: 90 |Figures: 76

Format - word format excel data power point presentation

Supplier Relationship Management Software Market Insights

Global Supplier Relationship Management Software Market size was valued at USD 25.5 billion in 2023 and is poised to grow from USD 28.48 billion in 2024 to USD 69.03 billion by 2032, growing at a CAGR of 11.7% during the forecast period (2025-2032).

The global supplier relationship management software market is undergoing a shift as business organizations increasingly focus on market transparency, risk resilience, and collaboration with suppliers. Organizations in all industries are increasingly using SRM platforms to improve vendor communication, ensure business continuity, and attain a competitive edge through supplier-led innovation. This is driven by growing global supply chain complexities, the growing need for sustainable sourcing practices, and the need for active management of supplier risk. Additionally, the need for digitization and real-time analytics has rendered cloud-based SRM platforms highly desirable as organizations aim to discontinue manual tracking processes and make procurement decisions more effectively.

However, adoption remains stymied by integration issues, high switching costs, and change resistance especially in cost-conscious or legacy intensive environments. Small businesses might struggle to justify the investment in full-suite SRM systems due to tight IT budgets. In addition, integrating SRM platforms with legacy ERP, compliance, and quality management systems might be complex. Despite these impediments, technology developments in AI, user-friendly interfaces, and modular deployment are driving wider adoption across industries. As innovation and compliance continue to converge, SRM software is increasingly viewed not only as a cost-optimization tool but also as a strategic enterprise procurement asset.

How is Technology Transforming the Supplier Relationship Management Software Market?

Artificial Intelligence (AI) and automation are transforming supplier relationship management with more informed decision-making, real-time visibility into supply bases, and proactive risk management, driving industry analysis. AI-driven SRM platforms now track supplier performance trends, identify compliance risks, and automate onboarding or renewal. IoT integration, although less widespread, is surfacing in industries such as manufacturing connecting supply chain information with SRM solutions to deliver real-time operating transparency. These technologies cut manual effort and increase responsiveness, making SRM software more accessible and efficient in large corporations and SMEs.

In 2025, SAP Ariba launched a new AI-powered supplier risk engine in its SRM module. The engine leverages machine learning to process third-party data sources, such as financial health, geopolitical risk, and ESG scores, automatically identifying high-risk suppliers. It also provides recommended actions through an intelligent dashboard for procurement teams. This feature allows companies to identify disruptions before they happen and can help ensure conformance to internal sourcing policies. As more and more companies are put under pressure to develop resilient, ethical supply chains, these innovations indicate the way in which top vendors are applying AI not only to automate, but as a strategic enabler in managing supplier ecosystems.

Market snapshot - 2025-2032

Global Market Size

USD 25.5 billion

Largest Segment

Web & Cloud Based

Fastest Growth

On-Premise Base

Growth Rate

11.7% CAGR

Global Supplier Relationship Management Software Market ($ Bn)
Country Share by North America (%)

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Supplier Relationship Management Software Market Segments Analysis

Global Supplier Relationship Management Software Market is segmented by Deployment Mode, Enterprise Size, Industry Vertical and region. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprise and Small and Medium-sized Large Enterprises. Based on Industry Vertical, the market is segmented into Manufacturing, Retail, Automotive, Transportation and Logistics, Telecom, BFSI and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

What Security Concerns are Influencing Deployment Choices in the Global Supplier Relationship Management Software Market?

On-premises SRM deployment is still the preferred option in industries with significant data privacy, internal controls, and regulatory compliance (e.g., finance, defense, and pharma), aligning with market strategies. These industries generally handle or share sensitive supplier data, making cloud deployment less desirable. These companies want full control over the hosting of their data, data access permissions, and systems customizations for internal audit compliance. On-premises deployment makes sense for these companies as they can follow their own encryption protocols and avoid potential cloud, and vendor infrastructure issues.

However, hybrid deployment is the fastest growing deployment model as companies wish to balance data security while remaining flexible. We are seeing organizations adopt hybrid SRM deployments, whereby the core modules (risk analytics or spend visibility) are hosted in-house while supplier portals or contract management applications are cloud-based. This hybrid use of on-premises data for critical information allows companies to maintain confidentiality, while still collaborating with suppliers in real-time using their cloud service. This also allows for elements of scalability offered by the cloud in number of suppliers onboarded, or collaborative capabilities.

How do Enterprise Size and Procurement Complexity Influence the Global Supplier Relationship Management Software Customization Needs?

Large enterprises lead the SRM market due to their multi-regional, high-volume supplier ecosystems and the need for layers of compliance, documentation, and analytics, driving global supplier relationship management software market penetration. The best suppliers and their policies are mostly required to customize a vendor management system for workflow and multi-sourcing supplier categories as well as ERP, finance, and compliance inputs, enterprise grade SRMs normally incorporate supplier assessments with AI-based scoring models, and compliance alerts that trigger automatically. At enterprise scale, an office, centralized or decentralized procurement, can have a strategic approach to sourcing vendors and controlling risks.

Mid-sized enterprises are the fastest-growing group of customers, and particularly interesting as they typically move from procurement based on spreadsheets-using configurability without requiring a significant investment from their IT department. As the complex trade deals come into play and ESG concerns grow, mid-market buyers have started allocating limited budgets toward scalable real or digital supplier relationship management solutions. It provides configurable options to meet their procurement processes without requiring a high-cost suite of software.

Global Supplier Relationship Management Software Market By Deployment (%)

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Supplier Relationship Management Software Market Regional Insights

What Factors are driving North America's Dominance in Market?

North America is the dominating region in the supplier relationship management software market, due to its early adoption of leading-edge procurement technology, mature I.T. platform enablers, and a focus on digital supply chain resilience, fuelling industry trends. Enterprises in the region, particularly in the manufacturing, retail, and healthcare sectors, value supplier transparency and supplier compliance through centralized SRM platforms. The region is predominantly served by strong consortiums of cloud-based and AI-enabled SRM vendor partners; offering customized and scalable tech delivery. The regulatory emphasis on compliance with ethical sourcing and ESG compliance, has driven the uptake of software implemented in larger enterprises and in public procurement sectors across the region.

United States Supplier Relationship Management Software Market

The U.S. is dominating in the North America supplier relationship management software market, because of digital overheads on procurement transformation and investments in in supply chain visibility, entering the supplier relationship management (SRM) software market. Corporations in the US in automotive, aerospace, and retail all have significant technology investments underway in multi-tier supplier engagement capability, by deploying SRM software solutions. In 2024, Premium Procurement Solutions, a U.S. headquartered vendor launched an AI-enabled SRM module that enables predictive risk assessment for supplier contracts and has gained traction with members, and government procurement intents on enhancing contract lifecycle visibility, and contract efficiency.

Canada Supplier Relationship Management Software Market

Canada is the fastest-growing in the North America supplier relationship management software market, with small and medium enterprises rapidly adopting SRM solutions as cost-effective, cloud-native options become readily available in the supplier relationship management software market. The Canadian government has recently identified procurement digitization as a priority in its national supply chain strategy. In early 2025, the government of Ontario allocated funding for the adoption of all forms of SRM technology across all public sector, contracts to promote compliance, sustainability and a fair process in selecting suppliers. This funding should allow for an increase in the adoption of SRM technology among mid-sized organizations, and public procurement offices.

Why is Asia-Pacific Considered the Fastest Growing Region in the Supplier Relationship Management Software Market?

Asia-Pacific is currently the fastest region in the global supplier relationship management software market growth, driven by aggressive digital transformation policies, developing manufacturing bases and increasing demand for efficient supplier oversight. As businesses grow, whether into new regions or globally appropriately engaging their global or regional suppliers is increasingly important and SRM offers real-time collaboration, risk management and sustainability tracking. As governments and business leaders in the APAC region start to invest heavily in smart manufacturing technologies and AI, the region is rapidly modernizing their procurement and supplier engagement format using cutting edge SRM technology.

Japan Supplier Relationship Management Software Market

Japan is dominating in the Asia-Pacific supplier relationship management software market, as SRM integration is becoming a feature of Industrial Modernization strategies. Japanese companies, particularly in automotive and electronics, are adopting SRM systems to collaborate with suppliers globally while maintaining supplier quality assurance and standards. In late 2024, Mitsubishi Electric had an AI-enabled SRM platform as a trial for internal use that would align its suppliers KPIs with its corporate sustainability agenda. The solution integrates smart alerts and predictive analytics, and initially developed for internal use, is now being explored to leverage the benefits across its subsidiary networks in Southeast Asia.

South Korea Supplier Relationship Management Software Market

South Korea is fastest growing in the Asia-Pacific supplier relationship management software market, driven by an emerging manufacturing sector, primarily in electronics and semiconductors. In 2025, LG CNS collaborated with a regional SRM software provider to roll out blockchain-backed supplier tracking systems for its component, sourcing operations as part of the National Digital Supply Chain Project. This project will deliver a higher level of traceability and transparency for South Korea's strategic industry. If adopted widely, the national initiative will likely lead to faster adoption of SRM in the public and private sectors in South Korea.

What makes Europe an Emerging Yet Influential Region in the Supplier Relationship Management Software Market?

Europe has become a powerful player in the global supplier relationship management software market because of regulations, corporate sustainability goals, and a desire for transparency in their supply chain. Companies in the European Union (EU) are facing new pressures to digitally transform their procurement processes, and report on Environmental, Social, and Governance parameters (ESG). All these factors driving them to implement SRM systems that address supplier compliance, traceability, and performance measures. Suppliers and stakeholders are increasingly pressuring companies to share visibility into their third-party partnerships, on responsible sourcing. The region is al,so, defining its influence globally with procurement innovation sites and influential industrial digitization programs.

Germany Supplier Relationship Management Software Market

Germany is dominating in the European supplier relationship management software market revenue, specially manufacturing and industrial automation, is leading the charge, with suppliers intertwined in complex and high quantity production systems. German manufacturers are increasingly deploying SRM systems in alignment, with Industry 4.0 structures to align supplier information. In 2024, Siemens AG expanded their global SRM to include dashboards of real-time information, and an AI-supported performance monitoring process, to ensure vendor compliance to environmental and labour standards. Siemens' view of integrating performance monitoring and SRM into their smart factory supply network, is considered a model for sustainable supplier oversight.

France Supplier Relationship Management Software Market

France is one of the fastest-adapting countries in Europe, as a result of its public sector digital transformation strategy, which is combined with the private enterprise emphasis on responsible procurement. In 2025, French food conglomerate Groupe Alimentaire initiated a SRM platform across its EU supply chain directly, to monitor sourcing certifications and indicators of social responsibility within their supply chain. The supplier engagement was spurred by the French 2024, Green Procurement Mandate, requesting their small and large vendors provide additional reporting on environmental impact. All these regulations and corporate pressure are already placing France, in the forefront of supplier relationship management software market (SRM) enabled sustainable procurement.

United Kingdom Supplier Relationship Management Software Market

The United Kingdom is rapidly developing within Europe as well, with focusing on procuring digitalization to strengthen the efficiency of trade (post-Brexit) and, ensure vendor compliance. In 2024, the UK’s Department for Business and Trade put in place an SRM framework on its vendor base, to assist with transparency in contracts, and to minimize disruption in supply chains. This innovation has triggered momentum within the private sector, particularly in retail and logistics where suppliers need to collaborate with real-time visibility of order fulfilment or product failure, and those firms want to avoid brand risk.

Global Supplier Relationship Management Software Market By Geography
  • Largest
  • Fastest

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Supplier Relationship Management Software Market Dynamics

Supplier Relationship Management Software Market Drivers

Growing Need for Risk Visibility and Supplier Transparency

  • As global supply chains become more fractured and at risk, companies will continue to invest in supplier relationship management (SRM) tools, to identify opportunities for greater visibility into supplier performance. These tools provide real-time risk scoring, periodic assessments of supplier financial health, ecosystem, and compliance and, enable companies to manage disruption pre-emptively. Additionally, the demand for complete, designated, ESG mandates and geopolitical risk magnifies the need for transparent suppliers, and visibility across multi-tiers of suppliers.

Shift Toward Digitized Procurement and Strategic Sourcing

  • Organizations are shifting away from transactional procurement to actual data-driven, strategic types of supplier engagement. supplier relationship management (SRM) tools also developing supplier engagement, performance and benchmarking and co-created value. Investment in digital, procurement has never been more readily available through cloud-based solutions, multi-tier supplier provisioning, artificial intelligence simplification, and software models. It creates different layers of procurement depending on what the mid-size company wants, to integrate to modernize their vendor practice.

Supplier Relationship Management Software Market Restraints

Complex Integration with Existing Enterprise Systems

  • Despite its advantages, supplier relationship management (SRM) implementation can be challenging given the need to address any integration of legacy enterprise resource planning (ERP), finance and quality management systems. The integration challenge can set back adoption, especially in larger organizations where the IT environment can be mature and fragmented. The complexity often requires costly customization, consulting, and training discouraging many cost-sensitive organizations.

Limited Adoption Among SMEs Due to Cost and Resources

  • Small & Medium-Sized Enterprises (SMEs) usually find it particularly challenging to adopt full-scale supplier relationship management (SRM) solutions because of constrained budgets and limited in-house IT support. Simply put, they often rely on a manual tracking process or basic tools like Workflow, viewing supplier relationship managements (SRMs) too complex or resource heavy. Some lightweight available solutions are emerging. However, cost and perceived complexity are viewed as a big impediment in this segment.

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Supplier Relationship Management Software Market Competitive Landscape

Leading enterprise software players like SAP (Ariba), Oracle (Fusion Procurement), and Coupa are taking SRM to the next level with AI, ESG metrics, and predictive risk engines. For example, in 2025, SAP Ariba partnered with EcoVadis to enable live scoring of suppliers' sustainability, while Coupa launched their AI co-pilot for supplier negotiation that analyses prior contracts and price benchmarks. The leaders are also building out other industry specific modules notably for regulated industries.

New challengers such as Kodiak Hub and Mercanis have changed the trajectory of supplier relationship management (SRM) for modern procurement teams with their modular designs, flow-based workflows powered by automation, and higher focus on user experience, speed, and accessibility to fast insights. Then in 2024, Mercanis launched an AI-based sourcing assistant that could recommend a cohort of vetted suppliers and help source large bids through intelligent scoring with the vision to relieve manual workload, increase sourcing speed, and enable better sourcing options to small-to-medium sized businesses.

  • Founded in 2021, Kodiak Hub (Sweden) builds an intuitive, end-to-end AI-driven suite of SRM tools for procurement teams. In early 2024, Kodiak Hub released its Supplier Score carding Engine 2.0, bringing together both qualitative and quantitative KPIs and risk alerts based on contemporaneous news. Kodiak Hub has partnered with accelerating mid-market manufacturers in Europe achieving mass deployments with low dependencies on IT resource constraints.
  • Established in 2020, Mericans (Germany) offers an AI-supported SRM and sourcing platform to European SMEs. The platform features an AI supplier match engine, RFX support workflows, and contract repository features. In 2025, Mercanis announced its integration with Microsoft Teams to aid approved sourcing collaboration. Mercanis strong uptake by procurement teams in the manufacturing and logistics industries speaks to its pedigree of speed, ease of use, and AI-enabled decision support.

Top Player’s Company Profiles

  • ProcessGene 
  • Oracle 
  • Keelvar 
  • SciQuest 
  • Basware 
  • Ivalua 
  • GEP 
  • SAP 
  • IBM 
  • Una 
  • TealBook

Recent Developments in Supplier Relationship Management Software Market

  • In March 2025, SAP SE (Germany) unveiled a new AI-enabled supplier risk engine as part of its Ariba network. The AI engine utilizes predictive analytics to deliver information on geopolitical, financial, and ESG-related risk that might affect procurement teams in real-time. Additionally, SAP further integrated sustainability scorecards with their supplier risk engine using automated AI tools, to enable qualified organizations with risk-informed and compliant sourcing decisions.
  • In June 2024, Coupa Software Inc. (USA) recently launched AI-enabled procurement assistant as part of its supplier relationship management (SRM) module, which automates supplier discovery, request for proposal (RFP) evaluations, and contract benchmarks. Early adopters of Coupa's assistant in the retail and health care sectors recorded significant cycle time savings in the sourcing and onboarding process, establishing Coupa as one of the leaders in AI-enabled procurement collaboration.
  • In February 2025, Ivalua Inc. (USA) enhanced its SRM suite with a new sustainability insights dashboard and capability to aggregate supplier information on emissions, labour practice, and circular economy supplied by suppliers, and track compliance with new EU supply chain policies. Ivalua's dashboard allows procurement teams to score suppliers based on internal ESG aligned policies, thereby enhancing their ability to execute responsible sourcing initiatives around the world.

Supplier Relationship Management Software Key Market Trends

Supplier Relationship Management Software Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, the global supplier relationship management software market is undergoing conservation changes as the procurement function transitions, from cost control to collaborative strategic relationship management. This is primarily driven by the growing need for risk visibility, ESG alignment, and supplier innovation. Companies are employing AI-enabled tools to simplify supplier onboarding, automate compliance tracking, and analyze supplier evaluation scores, which is essential for contemporary and resilient supply chains.

Despite the emerging trends, small & medium-sized enterprises (SMEs) face integration challenges, and budgets are constraints for some. North America is currently leading in the use of SRM technology, while Asia Pacific is rapidly emerging because of policy digitization and the availability of cloud technologies. The leading segment remains cloud-based (deployment), while mid-sized enterprises represent the fastest growing segment, with rising interest in modular and low-code SRM platforms.

Report Metric Details
Market size value in 2023 USD 25.5 billion
Market size value in 2032 USD 69.03 billion
Growth Rate 11.7%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Deployment Mode
    • On-premise
    • Cloud
  • Enterprise Size
    • Large Enterprise
    • Small and Medium-sized Large Enterprises
  • Industry Vertical
    • Manufacturing
    • Retail
    • Automotive
    • Transportation and Logistics
    • Telecom
    • BFSI
    • Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • ProcessGene 
  • Oracle 
  • Keelvar 
  • SciQuest 
  • Basware 
  • Ivalua 
  • GEP 
  • SAP 
  • IBM 
  • Una 
  • TealBook
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Supplier Relationship Management Software Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Supplier Relationship Management Software Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Supplier Relationship Management Software Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Supplier Relationship Management Software Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

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Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

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Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

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FAQs

Global supplier relationship management software market size was valued at USD 14.1 billion in 2023 poised to grow from USD 15.61 billion in 2024 to USD 35.20 billion by 2032, growing at a CAGR of 10.7% during the forecast period (2025-2032).

Leading enterprise software players like SAP (Ariba), Oracle (Fusion Procurement), and Coupa are taking SRM to the next level with AI, ESG metrics, and predictive risk engines. For example, in 2025, SAP Ariba partnered with EcoVadis to enable live scoring of suppliers' sustainability, while Coupa launched their AI co-pilot for supplier negotiation that analyses prior contracts and price benchmarks. The leaders are also building out other industry specific modules notably for regulated industries. 'SAP SE (Germany)', 'Oracle Corporation (United States)', 'Coupa Software Inc. (United States)', 'Jaggaer (United States)', 'GEP Worldwide (United States)', 'Ivalua Inc. (United States)', 'Zycus Inc. (United States)', 'Basware Corporation (Finland)', 'Medius (Sweden)', 'SynerTrade (France)', 'Proactis (United Kingdom)', 'JDA Software (United States)', 'IBM Corporation (United States)', 'Kodiak Hub (Sweden)', 'Mercanis (Germany)', 'Wax Digital (United Kingdom)', 'Determine, Inc. (United States)', 'Scout RFP (United States)', 'Workday Inc. (United States)', 'Infor (United States)'

As global supply chains become more fractured and at risk, companies will continue to invest in supplier relationship management (SRM) tools, to identify opportunities for greater visibility into supplier performance. These tools provide real-time risk scoring, periodic assessments of supplier financial health, ecosystem, and compliance and, enable companies to manage disruption pre-emptively. Additionally, the demand for complete, designated, ESG mandates and geopolitical risk magnifies the need for transparent suppliers, and visibility across multi-tiers of suppliers.

AI-Driven Risk and Performance Analytics Gaining Traction: Supplier relationship management (SRM) platforms are further exploiting AI capabilities to evaluate supplier performance, forecast risk and optimize sourcing decisions. The platforms utilize comprehensive datasets, such as news feeds, financial statements, and ESG disclosures to create insights from the multitude of data sources in real-time. Purchasing leaders are now incorporating several of these tools to determine early signs of alert, help initiate compliance mechanisms and make quick data-driven decisions, in rapidly evolving sourcing situations.

What Factors are driving North America's Dominance in Market?

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