Market Size And Forecast: Contractor Management Software Solutions 2022-2028 (Global)
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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 marketMarket 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 $4 billion in 2028
Table of figures
Figure 1. Four use cases for contractor management softwareFigure 2. Prioritization of contractor management within corporate EHS teams
Figure 3. 2023 contractor management software market size by use case ($ 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)
Organisations mentioned
Amazon, Avetta, Boohoo, BP, Cm3, Conserve, International Monetary Fund (IMF), ISN, Transocean, VeriforceAbout the authors
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