Supplier Relationship Management (SRM) Software Market Report

Global Supplier Relationship Management (SRM) Software Market Size Was Valued at USD 12.24 Billion in 2022, and is Projected to Reach USD 28.89 Billion by 2030, Growing at a CAGR of 11.33% From 2023-2030.
Supplier Relationship Management (SRM) software refers to a category of technology solutions designed to streamline and optimize the interactions and collaborations between an organization and its suppliers. SRM software typically encompasses a range of functionalities aimed at managing supplier information, facilitating communication, tracking performance metrics, and automating procurement processes. SRM software plays a crucial role in helping organizations effectively manage their supplier relationships, minimize risks, drive operational efficiency, and maximize the value derived from their supplier partnerships.