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Business Spend Management Software Market, By Component (Software/Platform, and Services), By Deployment Type (On-Premise, and SaaS), By Enterprise Size (SMEs, and Large Enterprises), By Solution (Contract & Tender Management, Procure-to-Pay Solutions, Tr

Publisher Coherent Market Insights
Published Mar 24, 2025
Length 180 Pages
SKU # CMI20004761

Description

Business Spend Management (BSM) is the collection of various business processes, such as Procurement, Invoicing, Expense Management, and Other Cash Disbursements, supported by software. Budgeting, inventory, contract lifecycle management, supplier management, strategic sourcing and analytics are all part of BSM. Responsible for all business operations and works closely with Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and Human Capital Management (HCM). Use multiple technologies to computerize spend-related activities from procure-to-pay (P2P) to enable planned purchases. Business Spend Management (BSM) provides a comprehensive real-time view of spending, enabling administrators to effectively analyze all spending areas.

Market Dynamics

Business spend management solutions provide users with access to structured workflows and a clear view of procurement analytics, both of which help identify the most effective strategies to secure cost savings. . A business expense management solution consolidates all expenses under one roof, fosters cross-departmental collaboration, and increases spend transparency and accountability. In addition, the commission will enable threats to be identified through detailed examination of supply market patterns, contracts and vendor execution scorecards. The system also provides automated supply market-related alerts and receives general agreement notifications to further assist in identifying and mitigating risks.

Key features of the study:
  • This report provides an in-depth analysis of the global Business Spend Management Software Market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period 2025-2032, considering 2024 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
  • It profiles leading players in the global Business Spend Management Software Market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
  • Companies covered as a part of this study are Companies Covered (11) Advanced, Ariba, Inc. (SAP SE), Coupa Software Inc, GEP, Procurify, Sage Intacct, Inc. (The Sage Group PLC), Sievo, SutiSoft, Inc., TOUCHSTONE GROUP PLC, VA Tech Ventures Pvt Limited (Happay), and others.
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
  • Global Business Spend Management Software Market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Business Spend Management Software Market
Detailed Segmentation
  • Global Business Spend Management Software Market, By Component:
  • Software/Platform
  • Services
  • Stepper Motors
  • Global Business Spend Management Software Market, By Deployment Type:
  • On-Premise
  • SaaS
  • Global Business Spend Management Software Market, By Enterprise Size:
  • SMEs
  • Large Enterprises
  • Global Business Spend Management Software Market, By Solution:
  • Contract & Tender Management
  • Procure-to-Pay Solutions
  • Travel & Expense Management
  • Supplier & Risk Management
  • Spend Management/Spend Analytics
  • Global Business Spend Management Software Market, By End Use Industry:
  • BFSI
  • Education
  • Energy & Utility
  • Healthcare
  • Hospitality
  • IT & Telecom
  • Manufacturing
  • Retail
  • Global Business Spend Management Software Market, By Region:
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa
  • Company Profiles
  • Advanced
  • Ariba, Inc. (SAP SE)
  • Coupa Software Inc
  • GEP, Procurify
  • Sage Intacct Inc. (The Sage Group PLC),
  • Sievo
  • SutiSoft, Inc.
  • TOUCHSTONE GROUP PLC
  • VA Tech Ventures Pvt Limited (Happay)
  • Others

Table of Contents

180 Pages
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Component
Market Snippet, By Deployment Type
Market Snippet, By Enterprise Size
Market Snippet, By Solution
Market Snippet, By End-Use Industry
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Increasing adoption of BSM across businesses
Integration of advanced technologies with BSM solutions
Restraints
Lack of trained professionals
Market Opportunities
Higher adoption of cloud technology, will drive cloud based deployment
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New system Launches/Approvals
Impact of COVID-19 Pandemic
4. Global Business Spend Management Software Market, By Component, 2020-2032, (US$ Billion)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 – 2032
Segment Trends Market Share Analysis, 2025 and 2032 (%)
Software/Platform
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Services
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
5. Global Business Spend Management Software Market, By Deployment, 2020-2032, (US$ Billion)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 – 2032
Segment Trends Market Share Analysis, 2025 and 2032 (%)
On-Premise
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
SaaS
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
6. Global Business Spend Management Software Market, By Enterprise Size, 2020-2032, (US$ Billion)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 – 2032
Segment Trends Market Share Analysis, 2025 and 2032 (%)
SMEs
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Large Enterprises
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
7. Global Business Spend Management Software Market, By Solution, 2020-2032, (US$ Billion)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 – 2032
Segment Trends Market Share Analysis, 2025 and 2032 (%)
Contract & Tender Management
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Procure-to-Pay Solutions
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Travel & Expense Management
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Supplier & Risk Management
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Spend Management/Spend Analytics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
8. Global Business Spend Management Software Market, By End-Use Industry, 2020-2032, (US$ Billion)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 – 2032
Segment Trends Market Share Analysis, 2025 and 2032 (%)
BFSI
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Education
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Energy & Utility
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Healthcare
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Hospitality
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
IT & Telecom
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Manufacturing
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Retail
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
9. Global Business Spend Management Software Market, By Region, 2020-2032, (US$ Billion)
Introduction
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, For Country 2021–2032
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Component, 2020-2032, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Deployment Type, 2020-2032, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Enterprise Size, 2020-2032, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Solution, 2020-2032, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020-2032, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032, (US$ Billion)
U.S.
Canada
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Component, 2020-2032, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Deployment Type, 2020-2032, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Enterprise Size, 2020-2032, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Solution, 2020-2032, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020-2032, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032, (US$ Billion)
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Component, 2020-2032, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Deployment Type, 2020-2032, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Enterprise Size, 2020-2032, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Solution, 2020-2032, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020-2032, (US$ Billion)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032, (US$ Billion)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
Middle East & Africa
10. Competitive Landscape
Company Profiles
Advanced
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Ariba, Inc. (SAP SE)
Coupa Software Inc
GEP, Procurify
Sage Intacct Inc. (The Sage Group PLC),
Sievo
SutiSoft, Inc.
TOUCHSTONE GROUP PLC
VA Tech Ventures Pvt Limited (Happay)
Others
Analyst Views
11. Section
References
Research Methodology
About us and Sales Contact
*Browse 60 market data tables and 40 figures on Global Business Spend Management Software Market - forecast to 2032”.

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