- Contingent Workforce Strategies 3.0 - http://cwstrategies.staffingindustry.com -

Benchmarks: Global VMS market spend hits $170 billion

Global market spend for VMS is estimated at $170 billion for 2018, up 10% from 2017, according to Staffing Industry Analysts’ research. Growth remains in double digits for the 10th year in a row, demonstrating that despite a plethora of emerging alternative workforce management options, VMS remains a viable solution for the management of contingent workforce programs. This may be due in part to the evolution of VMS toward more holistic workforce management systems.

Source: VMS Landscape & Differentiators 2019, Part 1: VMS Global Landscape [1], available to CWS Council [2] members. 

2018 VMS Global Market Spend by Region ($ billions)