The Vendor Management System (VMS) market is growing at a strong rate, as an increasing number of enterprises realize that VMS is a useful technology solution for enterprises globally. It is experiencing widespread adoption across industries and geographies, as more enterprises leverage contingent workers as part of their workforce and need a technology solution to manage the entire contingent workforce management life cycle. In recent years, VMSs have not only enhanced the features and functionalities of core technology, but have also expanded the scope of services delivered to other areas within Contingent Workforce Management (CWM). The increasing services scope has helped evolve the vendor landscape, with many technology vendors building capabilities to cater to unique client needs across geographies and industries.

Providers are increasing the breadth and depth of their functionalities/offerings by making investments to enhance the solution’s User Interface / User Experience (UI/UX) and providing mobile-enabled solutions. They are building additional capabilities to enhance compliance management, talent pool creation, and vendor and candidate sourcing. It is a burgeoning market, rapidly evolving in terms of product features, deployment options, product architecture, training and support, and partner ecosystem.

This report leverages Everest Group’s proprietary PEAK Matrix® framework to evaluate 18 VMS technology vendors’ capabilities across two key dimensions – market impact and vision & capability.

Scope

Industry: Vendor Management System (VMS), Contingent Workforce Management (CWM)

Geography: Global

Contents

This report looks at:

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

Membership(s)

Contingent Workforce Management

Sourcing and Vendor Management