Global Procurement Software Market Research Report Forecast to 2023




Procurement Software Market, By Deployment (On-Premise, On Cloud), By Software (Spend Analysis, E-sourcing, E-procurement), By Vertical (IT & Telecommunication, Travel & Logistics) – Forecast 2023
Market analysis

As an ever increasing number of enterprises hope to robotize their product inventory administration, the significance of procurement software and suite is relied upon to increment. Such programming arrangements are utilized for robotizing purchasing operations and keeping up stock records. Procurement software can likewise encourage automotive bill payments, order management, math invoices with items got and execute requesting forms. Usage of such programming arrangements enables undertakings to diminish operational expense just as increment effectiveness. The previously mentioned elements are supporting the development of the procurement software market amid the following couple of years. Centralization of procurement software and solidification of inventory network the board is a noteworthy focus, which is driving the interest for well-written procurement suites. The market is expected to surpass the annual growth rate of 10.1% between the forecast period 2018 and 2023.

Market segmentation

The Global Procurement Software Market is segmented on the basis of its deployment, software type, organization size, vertical and regional demand. Based on its deployment, the market is divided into On-Premise and On-Cloud. On the basis of its software type, the market is segmented into Spend Analysis, E-Procurement, Supplier Management, E-Sourcing, Contract Management, Others. On the basis of its organization size, the market is bifurcated into Large Enterprise and Small and Medium Enterprise. Based on its vertical, the market is divided into Automotive, Retail, IT & Telecommunication, Travel & Logistics, Electronics, Mining.

Regional analysis

Geographically, the Global Procurement Software Market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.

Major players

Epicor Software Corporation, JDA Software Inc., Mercateo AG, SAP SE, Zycus Inc, Infor Inc, Oracle Corporation, IBM Corporation, Coupa Software Incorporated, among others are some of the major players in the Global Procurement Software Market.

Table of Contents

Table of Contents:

1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Forecast Model
5 Market Dynamics
5.1 Introduction
5.2 Drivers
5.2.1 Increasing Demand for Centralized Procurement Processes
5.2.2 Consolidation of Supply Chain Management (SCM)
5.2.3 Drivers Impact Analysis
5.3 Challenges
5.3.1 Lack of Skilled Professionals
5.4 Opportunities
5.4.1 Growth in Mobile Procurement Applications
6 Market Factor Analysis
6.1 Value Chain Analysis
6.1.1 Designers and Programmers
6.1.2 Solution developers
6.1.3 System Integrators
6.1.4 End user
6.2 Porter’s Five Forces Model
6.2.1 Threat of New Entrants
6.2.2 Bargaining Power of Suppliers
6.2.3 Bargaining Power of Buyers
6.2.4 Threat of Substitutes
6.2.5 Intensity of Rivalry
7 Market Alerts!
7.1 Emerging trends and Impact Analysis
7.1.1 Blockchain in Procurement and Supply Chain Process
7.1.2 Artificial Intelligence impacts procurement supply
7.1.3 E-Procurement and its Impact on Supply Chain
7.2 Use Cases & Best Practices
7.2.1 Use Cases Overview Review Reporting Tail Spend Management
7.2.2 Best practices Overview Dansk Supermarked Group to roll out Coupa’s Source-to-Pay solutions Oracle partnered with FlairMarkIT to tackle complications of tail spend management
8 Global Procurement Software Market, By Deployment
8.1 On-Cloud
8.2 On-Premise
9 Global Procurement Software Market, By Software Type
9.1 Spend Analysis
9.2 E-Sourcing
9.3 E-Procurement
9.4 Contract Management
9.5 Supplier Management
9.6 Others
10 Global Procurement Software Market, By Organization Size
10.1 Small and Medium Enterprise
10.2 Large Enterprises
11 Global Procurement Software Market, By Vertical
11.1 Retail
11.2 Automotive
11.3 Travel & Logistics
11.4 Electronics
11.5 IT & Telecommunication
11.6 Mining
11.7 Others
12 Procurement Software Market, By Region
12.1 Introduction
12.1.1 Regional
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia-Pacific
12.4.1 China
12.4.2 India
12.4.3 Japan
12.4.4 South Korea
12.4.5 Australia
12.4.6 New Zealand
12.4.7 Singapore
12.4.8 Rest of Asia-Pacific
12.5 Rest of the World
12.5.1 Latin America
12.5.2 Middle East
12.5.3 Africa
13 Competitive Landscape
13.1 Competitive Landscape
14 Company Profiles
14.1 IBM Corporation
14.1.1 Company Overview
14.1.2 Financial Performance
14.1.3 Products/Services/Solutions Offerings
14.1.4 Key Developments
14.1.5 SWOT Analysis
14.1.6 Key Strategy
14.2 Oracle Corporation
14.2.1 Company Overview
14.2.2 Financial Performance
14.2.3 Product Offerings
14.2.4 Key Developments
14.2.5 SWOT Analysis
14.2.6 Key Strategy
14.3 SAP SE
14.3.1 Company Overview
14.3.2 Financial Performance
14.3.3 Products/Services/Solutions Offerings
14.3.4 Key Developments
14.3.5 SWOT Analysis
14.3.6 Key Strategy
14.4 Coupa Software Incorporated
14.4.1 Company Overview
14.4.2 Financial Performance
14.4.3 Products/Services/Solutions Offerings
14.4.4 Key Developments
14.4.5 SWOT Analysis
14.4.6 Key Strategy
14.5 Infor Inc.
14.5.1 Company Overview
14.5.2 Financial Performance
14.5.3 Products/Services/Solutions Offerings
14.5.4 Key Developments
14.5.5 SWOT Analysis
14.5.6 Key Strategy
14.6 Epicor Software Corporation
14.6.1 Company Overview
14.6.2 Products/Services/Solutions Offerings
14.6.3 Key Developments
14.7 Zycus Inc.
14.7.1 Company Overview
14.7.2 Products/Services/Solutions Offerings
14.7.3 Key Developments
14.8 JDA Software Inc.
14.8.1 Company Overview
14.8.2 Products/Services/Solutions Offerings
14.8.3 Key Developments
14.8.4 SWOT analysis
14.9 Mercateo AG
14.9.1 Company Overview
14.9.2 Products/Services/Solutions Offerings
14.9.3 Key Developments

Additional information


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