QKS Group reveals a Supplier Relationship and Risk Management (SRRM) market projected valuation of $1.45 billion by 2030, growing at a CAGR of 12.22% from 2024 to 2030.
Presently, organizations are increasingly being confronted with complex supply chains characterized by significant interdependencies and uncertainties due to globalization. This subjects them to a spectrum of risks, encompassing economic fluctuations, political instability, regulatory changes, and environmental disruptions. The SRM software has progressed to include functionalities for comprehensive risk management to navigate these challenges effectively. This enhancement facilitates a more integrated approach, which merges the management of supplier relationships with meticulous risk assessments. Consequently, organizations can proactively address uncertainties, optimize operational efficiencies, and uphold principles of commitment, communication, and cooperation, thereby facilitating informed decision-making and strategic planning.
Key questions this study will answer:
- At what pace is the Supplier Relationship & Risk Management (SRRM) market growing?
- What are the key market accelerators and market restraints impacting the global Supplier Relationship & Risk Management (SRRM) market?
- Which industries offer maximum growth opportunities during the forecast period?
- Which global region expects maximum growth opportunities in the Supplier Relationship & Risk Management (SRRM) market?
- Which customer segments have the maximum growth potential for the Supplier Relationship & Risk Management (SRRM) solution?
- Which deployment options of Supplier Relationship & Risk Management (SRRM) solutions are expected to grow faster in the next 5 years?
Strategic Market Direction:
Implementing supplier relationship and risk management solutions empowers procurement professionals to execute diverse sourcing functions, encompassing the delineation of business requirements, supplier discovery across networks, and the negotiation and administration of contracts between organizations and suppliers. Integration with third-party risk providers enables the acquisition of accurate real-time risk data tailored to organizational needs, offering additional insights crucial for risk assessment. Furthermore, organizations can leverage these solutions to assess supplier information, such as supplier data, performance metrics, and ratings, enabling the creation of supplier portfolios and effective vendor strategies. The solution also facilitates seamless collaboration between suppliers and organizations in real time, enabling the management, tracking, and mitigation of various issues such as forecasting, capacity planning, and quality management.
Vendors Covered:
Avetta, Corcentric, Coupa, GEP, HICX, Ivalua, JAGGAER, LevaData, Oracle, Proactis, Procurence, SAP Ariba, SourceDay, Synertrade, TESISQUARE, Unit4, Workday, and Zycus.
Table of Content:
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
Chapter 03: Market Forecast Analysis
- Market Forecast by Region
- Market Forecast Global
- Market Forecast USA
- Market Forecast Canada
- Market Forecast Latin America
- Market Forecast Western Europe
- Market Forecast Central & Eastern Europe
- Market Forecast Middle East & Africa
- Market Forecast China
- Market Forecast APAC Ex Japan & China
- Market Forecast Japan
- 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
- Market Forecast by Deployment Type
- Market Forecast by Deployment Type: On prem
- Market Forecast Deployment Type: Cloud
- 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
List of Figures
- Fig. 1 Market Forecast of Supplier Relationship & Risk Management (SRRM) Worldwide, 2026-2030
- Fig. 2 Market Forecast of Supplier Relationship & Risk Management (SRRM) USA, 2026-2030
- Fig. 3 Market Forecast of Supplier Relationship & Risk Management (SRRM) Canada, 2026-2030
- Fig. 4 Market Forecast of Supplier Relationship & Risk Management (SRRM) Latin America, 2026-2030
- Fig. 5 Market Forecast of Supplier Relationship & Risk Management (SRRM) Western Europe, 2026-2030
- Fig. 6 Market Forecast of Supplier Relationship & Risk Management (SRRM)) Central & Eastern Europe, 2026-2030
- Fig. 7 Market Forecast of Supplier Relationship & Risk Management (SRRM) Middle East & Africa, 2026-2030
- Fig. 8 Market Forecast of Supplier Relationship & Risk Management (SRRM) Asia excluding Japan and China, 2026-2030
- Fig. 9 Market Forecast of Supplier Relationship & Risk Management (SRRM) Japan, 2026-2030
- Fig. 10 Market Forecast of Supplier Relationship & Risk Management (SRRM)) China, 2026-2030
- Fig. 11 Market Forecast of Supplier Relationship & Risk Management (SRRM) IT & Telecom Industry, 2026-2030
- Fig. 12 Market Forecast of Supplier Relationship & Risk Management (SRRM) Banking & Financial Services Industry, 2026-2030
- Fig. 13 Market Forecast of Supplier Relationship & Risk Management (SRRM) Insurance Industry, 2026-2030
- Fig. 14 Market Forecast of Supplier Relationship & Risk Management (SRRM) Healthcare Industry, 2026-2030
- Fig. 15 Market Forecast of Supplier Relationship & Risk Management (SRRM)) Government & Public Sector, 2026-2030
- Fig. 16 Market Forecast of Supplier Relationship & Risk Management (SRRM) Retail & eCommerce, 2026-2030
- Fig. 17 Market Forecast of Supplier Relationship & Risk Management (SRRM) Manufacturing, 2026-2030
- Fig. 18 Market Forecast of Supplier Relationship & Risk Management (SRRM) Hospitality, 2026-2030
- Fig. 19 Market Forecast of Supplier Relationship & Risk Management (SRRM) On-premises Deployment, 2026-2030
- Fig. 20 Market Forecast of Supplier Relationship & Risk Management (SRRM) Cloud Deployment, 2026-2030
- Fig. 21 Market Forecast of Supplier Relationship & Risk Management (SRRM) SMB Customers, 2026-2030
- Fig. 22 Market Forecast of Supplier Relationship & Risk Management (SRRM) Large Customers, 2026-2030
- Fig. 23 Market Forecast of Supplier Relationship & Risk Management (SRRM) Enterprise Customers, 2026-2030
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