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.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 $4 billion in 2028
Figure 2. Prioritization of contractor management within corporate EHS teams
Figure 3. 2023 contractor management software market size by use case ($ 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 Consultant, Advisory Services
Tom is a Senior Consultant in the Verdantix Advisory Services practice, where his focus is on delivering client solutions for EHS and sustainability digitization. Tom joined V...
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Bill Pennington
VP Research
Bill is VP Research at Verdantix, where he leads analysis on the evolving and interconnected landscapes of EHS, quality, AI and enterprise risk management. His research helps ...
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