Worldwide Procurement Applications 2014–2018 Forecast and 2013 Vendor Shares
This IDC study provides a sizing of the procurement applications market in 2013, along with a 2014–2018 forecast. Historical and forecast revenue data is shown for the total worldwide procurement applications market by geographic region and operating environment. Worldwide revenue for the procurement applications market was $3.8 billion in 2013, representing growth of 7.7% over 2012.
"Enterprises are continuing to look for ways to modernize applications and business processes. Procurement, with its collaborative business processes, is a natural for adopting social business as buyers and sellers communicate. In addition, as buyers and sellers become used to digital commerce in their personal lives (B2C), they want to see similar processes when buying and selling for their employer (B2B). As companies look to take advantage of cloud, mobile, big data, and social to modernize and improve how they buy and sell materials, products, and services, the procurement applications market will continue to grow," says Christine Dover, research director, Enterprise Applications and Digital Commerce.
Please Note: Extended description available upon request.