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Worldwide Procurement Applications Forecast, 2023–2027: Solid Growth Expected Driven by Value Delivery

Publisher IDC
Published Jun 30, 2023
Length 14 Pages
SKU # IDC18029833

Description

Worldwide Procurement Applications Forecast, 2023–2027: Solid Growth Expected Driven by Value Delivery


This IDC study presents a five-year forecast for the worldwide procurement applications market."The many global disruptive events of the recent past have served to highlight the value of procurement applications and serve as a strong tailwind for the space at large. Providers are continuing their brisk pace of innovation and are adding new capabilities centered on ease of use, automation, stakeholder engagement, and time to value. Across our coverage universe, providers are experiencing robust growth, and IDC expects this to continue." — Patrick Reymann, research director, Procurement and Enterprise Applications, IDC

Please Note: Extended description available upon request.

Table of Contents

14 Pages
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Market Context
Drivers and Inhibitors
Drivers
Digital Transformation Efforts Transcend the Enterprise, and Procurement Plays a Prominent Role
Procurement Applications Continue to Add Functionality and Improve the User Experience
Procurement Has a More Prominent Seat at the Table
Inhibitors
The Long-Predicted Recession That May or May Not Happen
Too Many Options?
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
Related Research

Pricing

Currency Rates
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