Procurement & Vendor Management Analytics
The Procurement & Vendor Management market currently holds a 0.88% global market share, with 1,280 active sellers generating average monthly revenues of $1,240. Services are typically priced around $29, with revenue ranging from $590 to $3,140 per month. The market maintains steady growth, showing modest increases in both revenue (+0.16%) and sales volume (+0.30%). Competition is notably intense with a score of 97.93, as sellers serve an average of 43 orders monthly across 2,010 available services. The total historical sales of 14,510 orders indicate an established market with consistent demand. The high competition level suggests that new entrants should focus on differentiation and specialized expertise to stand out. The stable growth trends and moderate pricing suggest opportunities exist for sellers who can deliver high-quality, specialized procurement solutions while maintaining competitive rates. As businesses continue to prioritize efficient vendor management, demand is likely to remain steady with potential for growth in specialized niches and comprehensive service packages.