Get More Information on Procurement Software Market - Request Sample Report
Procurement Software Market size was valued at USD 7.71 Billion in 2023. It is expected to Reach USD 18.76 Billion by 2032 and grow at a CAGR of 10.40% over the forecast period of 2024-2032.
Rise in cloud technology adoption, is set to significantly enhance the growth of procurement software market by providing key benefits such as scalability, flexibility and cost savings. Cloud-based procurement solutions store and manage your data on hosted servers that can be accessed over the internet, without requiring need on premise hardware. This setup enables businesses to have software applications and data accessible from anywhere with an internet connection, encouraging the collaboration between procurement teams while working remotely. These solutions seamlessly integrate with your other enterprise systems, making procurement processes easier and helping you see and manage the supply chain better. Software cloud updates: With regular software updates and improvements in the same, organizations can get access to all the latest features without manually upgrade. Market growth is driven by the continuous trend towards cloud-based solutions to improve operational efficiency and drive innovation in procurement operations. About 65% of mid-sized and large corporations in the U.S already use procurement software solutions to make their purchasing way easier. Companies in the US that have used procurement software report savings of 12-18% on their total spend. The use of US procurement software often decreases gestural errors in the procurement processes by as much as 75%.
The increase in the requirement of automated procurement processes and progressions in e-Procurement technology are anticipated to open new growth opportunities in the market. The rising number of cross-border transactions alongside government policies that aid in the progress in procurement advances are fuelling market advancement. Here automation in procurement for different task (like buy request, purchase order & invoice management/vender & contract assignment) is looked up to save time and make the operations more efficient. Bidvest International Logistics, one of the largest logistics South African company signed a contract with Zycus in august 2023. The acquisition will help it in accelerating the digital transformation of its procurement function as well utilizing ZyVantage, Zycus' end to end source-to-pay solution that encompasses industry-leading AI capabilities for better invoice automation and advanced analytical tools with deep embedded domain expertise into lexicons from spend data across categories helping accelerate efficiency gains further. Approximately, 70% of businesses have incorporated some form of procurement software to improve their purchasing processes. Over about 30-50% of the time it would take to purchase activities is cut down by Procurement software Procurement software reduces manual errors in procurement processes by up to 80%.
Drivers
Organizations seek procurement software to automate processes, reduce manual errors, and cut costs, driving market growth.
Innovations like AI, machine learning, and blockchain enhance procurement software capabilities, making them more attractive for improving efficiency and decision-making.
The growing need to automate procurement processes to improve efficiency, reduce manual errors, and cut operational costs is a major driver.
Innovations such as artificial intelligence (AI), machine learning, robotic process automation (RPA), and blockchain are enhancing procurement software capabilities, making them more attractive to organizations seeking improved efficiency and data insights.
The automation in procurement is one of the most influential factors driving the market as businesses are striving for enforces operational efficiency and cost reduction. Automation helps streamline different aspects of procurement from purchase order management to communication with vendors to managing invoices so as reduce human errors and speed up time taken for transactions. A 54% of procurement organizations reported that automating their procurement processes had led to substantial improvements in operational efficiency, according to a recent survey by Deloitte. Procurement automation tools are able to manage manual, repetitive and time-intensive tasks related to procurement like data entry or order matching. In addition, it reduces the associated costs and manpower by performing tasks without any supervision for almost zero errors. According to PayStream Advisors, companies saved as much as 30% on procurement processing with automated purchasing solutions in place. These solutions also bring about higher levels of compliance and visibility as automated systems offer real-time tracking, reporting that helps organization to mitigate risks keeping track on procurement policies. This trend is likely to grow as automation technology evolves, with that greater cost-effectiveness and accuracy around procurement operations will be required in the near future.
Restraints
The substantial initial investment and complex integration with existing systems can be prohibitive, particularly for smaller organizations.
Managing sensitive procurement data, especially in cloud-based systems, raises concerns about data breaches and compliance, impacting adoption.
The handling of sensitive procurement data raises concerns about data security and privacy, especially in the context of cloud-based solutions. Organizations must address these concerns to prevent data breaches and compliance issues.
One significant restraint in the procurement software market is the high cost associated with implementation and integration. Upfront costs for procurement software, including licensing fees and customization as well an integration with existing systems can add up. It can take a long time to implement new procurement software with existing enterprise systems such as ERP or CRM platforms. These challenges frequently stem from the requirement to customize software in order for it to conform with non-standard organizational data formats or processes, which drives up labour and technical overhead. The need for ongoing maintenance and updates can add to the financial burden. Taken together, these can discourage to adopting more advanced procurement solutions especially for smaller organizations and those with limited budgets from adopting advanced procurement solutions. As a result, the high costs of implementation and integration continue to be obstacles for universal adoption within Procurement software market.
Segment Analysis
By Deployment
Cloud segment held largest share of more than 62%, and growing with significant CAGR across the forecast period. The cloud-based software provides enhanced transparency, improved pricing, faster transactional cycle times and expanded market access which are all essential in the transition to more advanced technology. The demand for procurement solutions is increasing as businesses are making ongoing investments and continuously improving their products. In January 2022, a Microsoft survey found that in the US (86%), most respondents said they would invest more on multi-cloud and hybrid cloud landscapes. A related IDC study says 35 percent of Canadian organizations have moved their applications to the cloud and another 28% are investing in cloud data management offerings. This shift underscores the growing reliance on cloud technology to support and streamline procurement processes.
Need any customization research on Procurement Software Market - Enquiry Now
By enterprise type
large enterprises dominated the market due to growing demand for an advanced procurement management solution and these contributed a total market share of more than 65%. They help to simplify complex Supply Chains with reduced complexity while providing clear information that are required for driving business growth. The companies have also benefited significantly in terms of growth just by increasing their investments/funding as well with the migration to affordable cloud solutions and so do the small & medium-sized enterprises (SMEs). Various leading organizations are offering such cost-effective technologies to target the SMEs, helping them reach wider audiences.
By end User
The retail industry held a large share 21.6% of the procurement software market as it faces constant challenges, including increased competition, collapsing margins, and weakened brand loyalty. Retailers are realizing the necessity for deploying procurement software so that they can remain profitable and competitive. The business leaders looking to procurement for cost reduction, supply risk mitigation and enhance value, driving the adoption of these solutions. Retailers use procurement software to helps integrate business processes, improves financial transparency and automates the buy-side (eProcurement) of their contract management solutions.
The Indian retail market is estimated to be worth USD 1 trillion by 2025, propelling demand for procurement services and in turn driving growth of market during forecast period. As business operation is getting digitalised day-by-day it has been observed that retailers have started implementing e-procurement solutions to automate and optimise separately their procurement processes etc. Online shopping, electronic invoicing and supplier collaboration are all forms of e-procurement platforms that lead to more efficiency and cost-cutting. They use these as a way for retail businesses to automate procurement tasks, source competitive rates from vendors and execute large numbers of goods in an efficient manner. Procurement software tools enable businesses to work with suppliers and monitor events, receive alerts about flags raised so that can be proactively accessed leading insights for better forecasting & planning.
Regional analysis
North America is the largest contributor to revenue in the procurement software market due to high penetration of centralised procurement processes. Moreover, a consolidation of companies in the region is anticipated to fuel market growth. The US requires extensive support in enhancing productivity of the manufacturing sector through effective supply chain practices particularly throughout industrial activities. In US procurement software systems, Automated workflows cut the approval time of purchase orders by 45–55% 62% of US businesses have adopted procurement software. North American e-retailers are also working to elevate customer experiences through initiatives like same-day delivery it can significantly enhance customer experience and quite possible that this initiative cannot be without efficient supply chain management. Procurement software vendors in North America are rapidly adopting innovative technologies including artificial intelligence (AI), machine learning, predictive analytics, and robotic process automation (RPA) as well as blockchain technology among others to improve cost savings metrics for procurement team across a spectrum.
Asia Pacific is likely to grow at a fast pace during the forecast period as significant investments in digital transformation are being made by countries such as India and Singapore; Japan and South Korea held large potentials followed by Southeast Asian region. Japan represents key growth in this region, Japan is expected to be a dominant market for the procurement software segment. In line the country’s active Industry 4.0 agenda, manufacturing companies have invested in procurement software to automate their processes, optimize supply chain and improve operational efficiency. In case of Japan obviously they receive all brands in electronics and daily appliances, required effective software procurement must have to work seamlessly with worldwide supply chain. Another important force in the procurement software market is China, where e-commerce and digital economy are growing rapidly. The market of procurement software is gaining priority as Chinese enterprises are now using the same in their efforts to automate and digitize online transactions, digital markets, supply chain etc. Furthermore, government initiatives to modernize businesses and drive digital transformation are boosting the growth of these technologies.
The major players in market are JAGGAER, Basware, SAP SE, Oracle, Ivalua Inc., Workday, Inc., GEP, Zycus Inc., Coupa Software Inc., Infor, and others in the final report.
| Report Attributes | Details |
| Market Size in 2023 | US$ 7.71 Bn |
| Market Size by 2032 | US$ 18.76 Bn |
| CAGR | CAGR of 10.40% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Deployment, (Cloud, On-premise) • By Enterprise Type, (SMEs, Large Enterprises) • By End-user, (Retail & e-Commerce, Healthcare, and Pharmaceutical, Manufacturing & Automotive, BFSI, IT & Telecom, Oil & Gas, Energy & Utilities, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | JAGGAER, Basware, SAP SE, Oracle, Ivalua Inc., Workday, Inc., GEP, Zycus Inc., Coupa Software Inc., Infor. |
| Key Drivers | • Organizations seek procurement software to automate processes, reduce manual errors, and cut costs, driving market growth. |
| Market Opportunities | • The substantial initial investment and complex integration with existing systems can be prohibitive, particularly for smaller organizations. |
Ans: The market is expected to grow to USD 18.76 billion by the forecast period of 2032.
Ans: The CAGR of the Procurement Software Market for the forecast period 2024-2032 is 10.40%.
Ans: The major worldwide key players in the Procurement Software Market are The major players in market are JAGGAER, Basware, SAP SE, Oracle, Ivalua Inc., , Workday, Inc., GEP, Zycus Inc., Coupa Software Inc., Infor. and others in the final report.
Ans: USD 7.71 billion in 2023 is the market share of the Procurement Software Market.
Ans: Yes, you can customize the report as per your requirements.
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Feature Analysis, 2023
5.2 User Demographics, 2023
5.3 Integration Capabilities, by Software, 2023
5.4 Impact on Decision-making
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Procurement Software Market Segmentation, by Deployment
7.1 Chapter Overview
7.2 Cloud
7.2.1 Cloud Market Trends Analysis (2020-2032)
7.2.2 Cloud Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 On-premise
7.3.1 On-premise Market Trends Analysis (2020-2032)
7.3.2 On-premise Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Procurement Software Market Segmentation, by Enterprise Type
8.1 Chapter Overview
8.2 SMEs
8.2.1 SMEs Market Trends Analysis (2020-2032)
8.2.2 SMEs Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Large Enterprises
8.3.1 Large Enterprises Market Trends Analysis (2020-2032)
8.3.2 Large Enterprises Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Procurement Software Market Segmentation, by End User
9.1 Chapter Overview
9.2 Retail & e-Commerce
9.2.1 Retail & e-Commerce Market Trends Analysis (2020-2032)
9.2.2 Retail & e-Commerce Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Healthcare and Pharmaceutical
9.3.1 Healthcare and Pharmaceutical Market Trends Analysis (2020-2032)
9.3.2 Healthcare and Pharmaceutical Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Energy & Utilities
9.4.1 Energy & Utilities Market Trends Analysis (2020-2032)
9.4.2 Energy & Utilities Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Manufacturing & Automotive
9.5.1 Manufacturing & Automotive Market Trends Analysis (2020-2032)
9.5.2 Manufacturing & Automotive Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 BFSI
9.6.1 BFSI Market Trends Analysis (2020-2032)
9.6.2 BFSI Market Size Estimates and Forecasts to 2032 (USD Billion)
9.7 IT & Telecom
9.7.1 IT & Telecom Market Trends Analysis (2020-2032)
9.7.2 IT & Telecom Market Size Estimates and Forecasts to 2032 (USD Billion)
9.8 Oil & Gas
9.8.1 Oil & Gas Market Trends Analysis (2020-2032)
9.8.2 Oil & Gas Market Size Estimates and Forecasts to 2032 (USD Billion)
9.9 Others
9.9.1 Others Market Trends Analysis (2020-2032)
9.9.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Procurement Software Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.2.4 North America Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.2.5 North America Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.2.6.2 USA Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.2.6.3 USA Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.2.7.2 Canada Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.2.7.3 Canada Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.2.8.2 Mexico Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.2.8.3 Mexico Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Procurement Software Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.3.1.6.2 Poland Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.3.1.6.3 Poland Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.3.1.7.2 Romania Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.3.1.7.3 Romania Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Procurement Software Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.3.2.4 Western Europe Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.3.2.5 Western Europe Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.3.2.6.2 Germany Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.3.2.6.3 Germany Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.3.2.7.2 France Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.3.2.7.3 France Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.3.2.8.2 UK Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.3.2.8.3 UK Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.3.2.9.2 Italy Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.3.2.9.3 Italy Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.3.2.10.2 Spain Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.3.2.10.3 Spain Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.3.2.13.2 Austria Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.3.2.13.3 Austria Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Procurement Software Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.4.4 Asia Pacific Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.4.5 Asia Pacific Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.4.6.2 China Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.4.6.3 China Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.4.7.2 India Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.4.7.3 India Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.4.8.2 Japan Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.4.8.3 Japan Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.4.9.2 South Korea Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.4.9.3 South Korea Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.4.10.2 Vietnam Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.4.10.3 Vietnam Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.4.11.2 Singapore Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.4.11.3 Singapore Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.4.12.2 Australia Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.4.12.3 Australia Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Procurement Software Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.5.1.4 Middle East Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.5.1.5 Middle East Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.5.1.6.2 UAE Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.5.1.6.3 UAE Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Procurement Software Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.5.2.4 Africa Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.5.2.5 Africa Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Procurement Software Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.6.4 Latin America Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.6.5 Latin America Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.6.6.2 Brazil Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.6.6.3 Brazil Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.6.7.2 Argentina Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.6.7.3 Argentina Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.6.8.2 Colombia Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.6.8.3 Colombia Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Procurement Software Market Estimates and Forecasts, by Deployment (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Procurement Software Market Estimates and Forecasts, by Enterprise Type (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Procurement Software Market Estimates and Forecasts, by End User (2020-2032) (USD Billion)
11. Company Profiles
11.1 JAGGAER
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Basware
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 SAP SE
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Oracle
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Ivalua Inc.
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Workday, Inc.
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 GEP
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Zycus Inc.
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Coupa Software Inc.
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Infor
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Deployment
Cloud
On-premise
By Enterprise Type
SMEs
Large Enterprises
By End-user
Retail & e-Commerce
Healthcare and Pharmaceutical
Energy & Utilities
Manufacturing & Automotive
BFSI
IT & Telecom
Oil & Gas
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
The Event Management Software Market size was valued at USD 7.95 billion in 2023 and will reach USD 24.98 billion by 2032 and at a CAGR of 13.59% by 2032.
The Blockchain Market Size was valued at USD 12.04 Billion in 2023 and is expected to reach USD 1236.2 Billion by 2032 and grow at a CAGR of 67.3 % over the forecast period 2024-2032.
The Text Analytics Market size was recorded at USD 9.55 billion in 2023 and is expected to reach USD 41.2 billion in 2032, growing at a CAGR of 17.65% Over the Forecast Period of 2024-2032.
The Edge Analytics Market size was valued at USD 8.4 Billion in 2023 and is expected to grow to USD 50.7 Billion By 2031 and grow at a CAGR of 25.2% over the forecast period of 2024-2031.
The Student Information System Market, with a projected size, was valued at USD 9.7 billion in 2023 and is expected to reach USD 51.5 billion by 2032 and grow at a CAGR of 20.4% over the forecast period 2024-2032.
The EdTech and Smart Classrooms Market size was USD 139.9 Billion in 2023 and will reach USD 385.4 Billion by 2031 and grow at a CAGR of 13.5% by 2024-2031.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
