The Latin America, Middle East and Africa Retail Sourcing and Procurement Market is expected to witness market growth of 17.1% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Retail Sourcing and Procurement Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $259.3 Million by 2031. The Argentina market is showcasing a CAGR of 17.7% during 2024-2031. Additionally, the UAE market would register a CAGR of 16.1% during 2024-2031.
The demand for real-time data and transparency in this is on the rise as retailers aim to build supply chains that are efficient but also reliable and accountable. With real-time data, retailers can track every stage of their supply chain process, from order placement to delivery, allowing them to monitor the status of shipments, oversee supplier performance, and quickly identify any delays or issues.
Transparency is also essential for assuring compliance and maintaining quality throughout the supply chain. Retailers must ensure that suppliers adhere to agreed-upon standards and ethical practices, especially with increasing consumer demand for responsibly sourced products. Retailers can monitor suppliers' adherence to quality controls, regulatory requirements, and sustainability commitments using real-time data.
Brazil's market is evolving rapidly, driven by significant e-commerce growth and government support. According to the International Trade Administration, Brazil’s e-commerce sector is growing at an impressive rate of 14.3% annually and is expected to surpass US$200 billion by 2026. The Brazilian government is bolstering this growth through initiatives like the "Brazilian Digital Transformation Strategy," which aims to promote innovation and enhance digital infrastructure across the country. As a result, retailers are increasingly adopting advanced procurement solutions to streamline supplier networks, manage inventory efficiently, and meet the rising demand fueled by Brazil’s expanding digital marketplace. In the United Arab Emirates (UAE), the retail sourcing and procurement landscape is advancing, supported by a strong emphasis on innovation and digitalization. UAE retailers implement AI-driven procurement solutions to enhance sourcing accuracy and improve supply chain resilience. The “UAE Digital Government Strategy” aims to make the country a digital leader by encouraging businesses to adopt technology-driven solutions. Furthermore, the UAE Vision 2021 and the UAE Centennial 2071 initiatives support long-term investment in digital procurement, creating a favorable market growth environment. Hence, all these factors will aid in the growth of the market.
The Brazil market dominated the LAMEA Retail Sourcing and Procurement Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $259.3 Million by 2031. The Argentina market is showcasing a CAGR of 17.7% during 2024-2031. Additionally, the UAE market would register a CAGR of 16.1% during 2024-2031.
The demand for real-time data and transparency in this is on the rise as retailers aim to build supply chains that are efficient but also reliable and accountable. With real-time data, retailers can track every stage of their supply chain process, from order placement to delivery, allowing them to monitor the status of shipments, oversee supplier performance, and quickly identify any delays or issues.
Transparency is also essential for assuring compliance and maintaining quality throughout the supply chain. Retailers must ensure that suppliers adhere to agreed-upon standards and ethical practices, especially with increasing consumer demand for responsibly sourced products. Retailers can monitor suppliers' adherence to quality controls, regulatory requirements, and sustainability commitments using real-time data.
Brazil's market is evolving rapidly, driven by significant e-commerce growth and government support. According to the International Trade Administration, Brazil’s e-commerce sector is growing at an impressive rate of 14.3% annually and is expected to surpass US$200 billion by 2026. The Brazilian government is bolstering this growth through initiatives like the "Brazilian Digital Transformation Strategy," which aims to promote innovation and enhance digital infrastructure across the country. As a result, retailers are increasingly adopting advanced procurement solutions to streamline supplier networks, manage inventory efficiently, and meet the rising demand fueled by Brazil’s expanding digital marketplace. In the United Arab Emirates (UAE), the retail sourcing and procurement landscape is advancing, supported by a strong emphasis on innovation and digitalization. UAE retailers implement AI-driven procurement solutions to enhance sourcing accuracy and improve supply chain resilience. The “UAE Digital Government Strategy” aims to make the country a digital leader by encouraging businesses to adopt technology-driven solutions. Furthermore, the UAE Vision 2021 and the UAE Centennial 2071 initiatives support long-term investment in digital procurement, creating a favorable market growth environment. Hence, all these factors will aid in the growth of the market.
List of Key Companies Profiled
- Cegid Group
- Epicor Software Corporation
- GEP Software
- Infor, Inc. (Koch Industries)
- IBM Corporation
- Ivalua Inc.
- Blue Yonder Group, Inc. (Panasonic Holdings Corporation)
- Oracle Corporation
- SAP SE
- Coupa Software, Inc.
Market Report Segmentation
By Deployment
- Cloud
- On-premise
By Component
- Solution
- Strategic Sourcing
- Supplier Management
- Contract Management
- Procure-to-Pay (P2P)
- Other Solution Type
- Service
- Implementation
- Consulting
- Other Service Type
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Retail Sourcing And Procurement Market by Deployment
Chapter 6. LAMEA Retail Sourcing And Procurement Market by Component
Chapter 7. LAMEA Retail Sourcing And Procurement Market by Enterprise Size
Chapter 8. LAMEA Retail Sourcing And Procurement Market by Country
Chapter 9. Company Profiles
Companies Mentioned
Some of the leading companies profiled in this LAMEA Retail Sourcing and Procurement Market report include:- Cegid Group
- Epicor Software Corporation
- GEP Software
- Infor, Inc. (Koch Industries)
- IBM Corporation
- Ivalua Inc.
- Blue Yonder Group, Inc. (Panasonic Holdings Corporation)
- Oracle Corporation
- SAP SE
- Coupa Software, Inc.
Methodology
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