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The procurement software market is forecasted to grow by USD 5.72 billion during 2023-2028, accelerating AT a CAGR of 10.77% during the forecast period. The report on the procurement software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in e-commerce and organized retail industry, need to improve business efficiency, and recent development in procurement software.
The procurement software market is segmented as below:
By Deployment
- Cloud
- On-premises
By End-user
- Retail and e-commerce
- Healthcare and pharmaceuticals
- Manufacturing and automotive
- IT and telecom
- BSFI and others
By Geography
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the procurement software market covers the following areas:
- Procurement software market sizing
- Procurement software market forecast
- Procurement software market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global procurement software market: Basware Corp., BirchStreet Systems Inc., Coupa Software Inc., Elcom System Ltd., Enaviya Information Technology Pvt. Ltd., Epicor Software Corp., Ginni Systems Ltd., Infor Inc., International Business Machines Corp., Ivalua Inc., JAGGAER LLC, Microsoft Corp., NB Ventures Inc., Oracle Corp., ORO Labs Inc., SAP SE, ScienceSoft USA Corp., SunSmart Technologies Pvt. Ltd., SutiSoft Inc., Tata Consultancy Services Ltd., Tropic Technologies Inc., Workday Inc., and Zycus Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is integration of ai in procurement process."
According to the report, one of the major drivers for this market is the growth in e-commerce and organized retail industry.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Basware Corp.
- BirchStreet Systems Inc.
- Coupa Software Inc.
- Elcom System Ltd.
- Enaviya Information Technology Pvt. Ltd.
- Epicor Software Corp.
- Ginni Systems Ltd.
- Infor Inc.
- International Business Machines Corp.
- Ivalua Inc.
- JAGGAER LLC
- Microsoft Corp.
- NB Ventures Inc.
- Oracle Corp.
- ORO Labs Inc.
- SAP SE
- ScienceSoft USA Corp.
- SunSmart Technologies Pvt. Ltd.
- SutiSoft Inc.
- Tata Consultancy Services Ltd.
- Tropic Technologies Inc.
- Workday Inc.
- Zycus Inc.
