Vendor Management System (VMS) PEAK Matrix® Assessment with Technology Vendor Landscape 2022
PEAK Matrix® Report

11 May 2022
by Krishna Charan, Vignesh Kannan, Rhea Nijhawan, Soumya Bansal

The Vendor Management System (VMS) market is growing strongly due to increased adoption across relatively untapped segments, such as the mid-market, across industries and geographies. In the next normal, contingent workforce is emerging as a key focus area for enterprises, driving disruption in the market. As a knock-on effect, enterprises are increasingly expecting VMSs to serve their end-to-end Contingent Workforce Management (CWM) needs.

Providers are thus enhancing VMS features and functionalities to support all contingent categories and serve unique client needs across geographies and industries. They are enhancing their VMS solutions’ User Interface (UI) / User Experience (UX) and providing mobile-enabled solutions. They are also building additional capabilities to enhance compliance management, reporting & analytics, talent pool creation, and vendor and candidate sourcing.

This report leverages Everest Group’s proprietary PEAK Matrix® framework to evaluate 21 VMS technology vendors’ capabilities across two key dimensions – market impact and vision & capability.

Scope

Industry: all industries and geographies

Geography: global

Contents

This report studies:

  • Everest Group’s PEAK Matrix® evaluation of VMS technology vendors and their categorization into Leaders, Major Contenders, and Aspirants
  • Competitive landscape of the VMS market
  • Key strengths and limitations of each VMS vendor

Membership(s)

Contingent Workforce Management

Sourcing and Vendor Management

 

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