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  Introduction We know that vendor management is essential for your business to grow. It is no longer a passing trend or something nice to have but a crucial component for businesses to survive in the industry. So, what are the trends and predictions for vendor management? The projected growth the  vendor management software  market share from 2021 to 2026 is close to USD 4.06 billion at a CAGR of 12.27%. As organizations of all sizes rely more on vendors for services that enhance operational efficiency and security, creating an efficient vendor management policy is essential for success. Trends and Predictions for Vendor Management Understanding the key trends and predictions and exploring how to build robust contract and vendor management approaches to keep your business safe, profitable, and compliant is important. The following are some key trends and predictions for the future of vendor management: Resilient Businesses will be Recognized by Proactive Processes : By now, we have un