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Procurement Software Market Size, Share, and Analysis, By Deployment (Cloud and On-premises), By Enterprise Type (Small & Medium Enterprise and Large Enterprise), By End User (Retail, Manufacturing, Transportation and Logistics, Healthcare, and Others), a

Publisher Fatpos Global
Published Dec 01, 2023
Length 463 Pages
SKU # FAGL18583735

Description

Procurement Software Market Size, Share, and Analysis, By Deployment (Cloud and On-premises), By Enterprise Type (Small & Medium Enterprise and Large Enterprise), By End User (Retail, Manufacturing, Transportation and Logistics, Healthcare, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2023-2032


PRODUCT OVERVIEW

Procurement Software Market is projected to grow at a CAGR of 11.2% in the forecast period (2023-2032), with the market size valued at USD 6.78 billion in 2022 and projected to reach USD 19.6 billion by 2032.

Procurement software is a comprehensive solution designed to enhance and simplify the procurement process within businesses. It enables efficient management of supplier relationships, sourcing of products and services, creation of purchase orders, and accurate tracking of expenditures. The primary functions of the software generally include spend analysis, e-procurement, contract management, and supplier collaboration, all aimed at driving cost savings, improving supply chain visibility, ensuring regulation, and reducing manual errors in procurement operations. By automating these critical functions, procurement software allows organizations to make informed decisions, improve procurement strategies, and raise overall operational efficiency.

MARKET HIGHLIGHTS

Procurement Software Market is anticipated to reach USD 19.6 billion, growing at a CAGR of 11.2% during the forecast period owing to the diverse range of solutions that serve the evolving needs of businesses. There is a growing emphasis on regulation, risk management, and sustainability within the procurement software, solving both regulatory requirements and environmental concerns. Additionally, the integration of artificial intelligence and analytics into these systems is enabling automated forecasting, cost reduction, and performance evaluation. In this competitive landscape, organizations are adopting these solutions to boost procurement efficiency, reduce costs, and adapt to the demands of an evolving and globally connected business environment.

Procurement Software Market Segments:
  • By Deployment
  • Cloud
  • On-premises
  • By Enterprise Type
  • Small & Medium Enterprise
  • Large Enterprise
  • By End User
  • Retail
  • Manufacturing
  • Transportation and Logistics
  • Healthcare
  • Others
MARKET DYNAMICS

Growth Drivers

Digital Transformation Will Drive Market Expansion

Globalization and the Complexity of Supply Chains to Support Market Growth

Restraint

Adoption Problems with Procurement Software are Hindering the Growth of the Industry

Key Players
  • SAP Ariba
  • Oracle Procurement Cloud
  • Coupa
  • GEP
  • Jaggaer
  • Ivalua
  • Zycus
  • Determine (Corcentric)
  • Basware
  • Proactis
  • SynerTrade
  • SMART by GEP
  • Scanmarket
  • Vroozi
  • Periscope Holdings
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 3-month post-sales analyst support.
*Please Note: The report will be delivered in 4-5 business days upon order confirmation*

Table of Contents

463 Pages
1. Executive Summary
1.1. Regional Market Share
1.2. Business Trends
1.3. Procurement Software Market: COVID-19. Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1. Market Definition
3.2. Procurement Software Market: COVID-19. Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. Procurement Software Market – Industry Insights
4.1. Industry Segmentation
4.2. COVID-19. overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7. Market Dynamics
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8. Risk Analysis
9. Market Analysis
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10. Procurement Software Market
10.1. Overview
10.2. Historical Analysis (2019-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. Procurement Software Market Size & Forecast 202. A-203. F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Deployment
11.3.1.1. Cloud
11.3.1.1.1. By Value (USD Million) 2022-203. F
11.3.1.1.2. Market Share (%) 2022-203. F
11.3.1.1.3. Y-o-Y Growth (%) 2022-203. F
11.3.1.2. On-premises
11.3.1.2.1. By Value (USD Million) 2022-203. F
11.3.1.2.2. Market Share (%) 2022-203. F
11.3.1.2.3. Y-o-Y Growth (%) 2022-203. F
11.3.2. By Enterprise Type
11.3.2.1. Small and Medium Enterprises
11.3.2.1.1. By Value (USD Million) 2022-203. F
11.3.2.1.2. Market Share (%) 2022-203. F
11.3.2.1.3. Y-o-Y Growth (%) 2022-203. F
11.3.2.2. Large Enterprises
11.3.2.2.1. By Value (USD Million) 2022-203. F
11.3.2.2.2. Market Share (%) 2022-203. F
11.3.2.2.3. Y-o-Y Growth (%) 2022-203. F
11.3.3. By End User
11.3.3.1. Manufacturing
11.3.3.1.1. By Value (USD Million) 2022-203. F
11.3.3.1.2. Market Share (%) 2022-203. F
11.3.3.1.3. Y-o-Y Growth (%) 2022-203. F
11.3.3.2. Retail
11.3.3.2.1. By Value (USD Million) 2022-203. F
11.3.3.2.2. Market Share (%) 2022-203. F
11.3.3.2.3. Y-o-Y Growth (%) 2022-203. F
11.3.3.3. Transportation and Logistics
11.3.3.3.1. By Value (USD Million) 2022-203. F
11.3.3.3.2. Market Share (%) 2022-203. F
11.3.3.3.3. Y-o-Y Growth (%) 2022-203. F
11.3.3.4. Healthcare
11.3.3.4.1. By Value (USD Million) 2022-203. F
11.3.3.4.2. Market Share (%) 2022-203. F
11.3.3.4.3. Y-o-Y Growth (%) 2022-203. F
11.3.3.5. Others
11.3.3.5.1. By Value (USD Million) 2022-203. F
11.3.3.5.2. Market Share (%) 2022-203. F
11.3.3.5.3. Y-o-Y Growth (%) 2022-203. F
12. North America Procurement Software Market Size & Forecast 202. A-203. F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Deployment
12.3.2. By Enterprise Type
12.3.3. By End User
12.4. Country
12.4.1. United States
12.4.2. Canada
13. Europe Procurement Software Market Size & Forecast 202. A-203. F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Deployment
13.3.2. By Enterprise Type
13.3.3. By End User
13.4. Country
13.4.1. Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. Asia-Pacific Procurement Software Market Size & Forecast 202. A-203. F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Deployment
14.3.2. By Enterprise Type
14.3.3. By End User
14.4. Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. Middle East and Africa Procurement Software Market Size & Forecast 202. A-203. F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Deployment
15.3.2. By Enterprise Type
15.3.3. By End User
15.4. Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4. South Africa
15.4.5. Rest of Middle East and Africa
16. Latin America Procurement Software Market Size & Forecast 202. A-203. F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Deployment
16.3.2. By Enterprise Type
16.3.3. By End User
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. Competitive Landscape
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1. SAP Ariba
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.3. Key Product; Analysis
18.1.4. Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3. Yrs.)
18.1.4.5. Executive Team
18.2. Oracle Procurement Cloud
18.3. Coupa
18.4. GEP
18.5. Jaggaer
18.6. Ivalua
18.7. Zycus
18.8. Determine (Corcentric)
18.9. Basware
18.10. Proactis
18.11. SynerTrade
18.12. SMART by GEP
18.13. Scanmarket
18.14. Vroozi
18.15. Periscope Holdings
18.16. Other Prominent Players
19. Appendix
20. Consultant Recommendation

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