Market Size And Forecast: Contractor Management Software Solutions 2022-2028 (Global)

Published 19 December 2023 by Tom Brown & Bill Pennington &
Contractor Risk Management Environment, Health & Safety Worker Safety Market Size & Forecast

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Executive Summary

This report helps executives at contractor management software vendors, contractor safety service providers, and investors in the contractor management software space understand the current state and future trajectory of the market. The Verdantix market size and forecast model, driven by disclosed contractor management vendor revenues, macroeconomic drivers and buyer trends, calculates that the contractor management software market totalled $2.02 billion in 2022 and will grow by a CAGR of 12.5% to reach over $4.1 billion by 2028. Market growth is driven by numerous factors, such as increasing prioritization of supply chain resilience, greater reliance on third-party work, and a focus on occupational health and workplace safety.

Table of contents

Intricate market drivers and disclosed vendor insights provide granular detail on the contractor management software market
Market size data reflect revenues of holistic contractor management specialists and surrounding point solutions
The contractor management software market was worth $2.19 billion in 2023
Demand for contractor management software rises, as firms look to shore up complex supply chains
Hiring clients prioritize contractor risk management, given new levels of supply chain scrutiny
Organizations use digital tools to drive critical contractor safety management reforms
The contractor management software market will reach over $4 billion in 2028

Table of figures

Figure 1. Four use cases for contractor management software
Figure 2. Prioritization of contractor management within corporate EHS teams
Figure 3. 2023 contractor management software market size by use case ($ million)
Figure 4. 2023 contractor management software market size by region ($ million)
Figure 5. 2023 contractor management software market size by industry ($ million)
Figure 6. Contractor management software market forecast by use case (2022-2028)
Figure 7. Contractor management software market forecast by region (2022-2028)
Figure 8. Contractor management software market forecast by industry (2022-2028)

About the authors

Tom Brown

Senior Analyst
Tom is a Senior Analyst in the Verdantix EHS practice. His current research agenda focuses on a range of EHS topics, including high-risk safety controls, contractor management, environmental services and EHS digitization strategy. Prior to joining Verdantix, Tom achieved a Master’s in Chemical Engineering from the University of Nottingham.

Bill Pennington

VP Research, EHS & Risk Management
Bill is the VP Research for the Verdantix EHS & Risk Management practices. His current agenda focuses on understanding the evolution of EHS and enterprise risk management, evaluating emerging strategic risks and benchmarking technology buyers’ budgets, priorities and preferences globally.

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