ALL >> Business >> View Article
Procurement Software Market Size | Usd 7.38 Bn Valued In 2023 | Sap Ariba, Coupa Software, Oracle Corporation
Global Procurement Software Market to Reach USD 15.13 Billion by 2030 at a CAGR of 10.8%
The global procurement software market is expected to reach USD 15.13 billion by 2030, growing at a CAGR of 10.8% from 2023 to 2030, according to a new report by Maximize Market Research.
Request for free sample: https://www.maximizemarketresearch.com/request-sample/26731
Market Overview
Procurement software streamlines and automates the procurement process within organizations, facilitating tasks like sourcing suppliers, managing contracts, processing purchase orders, and tracking inventory. This market is driven by the increasing need for organizations to improve efficiency, reduce costs, and gain better visibility into their spending.
Scope
The report provides a comprehensive analysis of the current trends, market dynamics, market structure, and revenue structure of the global procurement software market. It also offers insights into the key drivers, challenges, and opportunities affecting the market's growth.
Segmentation
The procurement software market is segmented by deployment ...
... type (on-premises and cloud-based) and industry vertical (manufacturing, healthcare, retail, government, and financial services).
Deployment Type: Cloud-based procurement software is expected to witness significant growth due to its cost-efficiency, agility, and scalability. However, on-premises solutions are still preferred by organizations with complex procurement processes or strict data localization requirements.
Industry Vertical: The manufacturing sector is expected to hold the largest market share due to its complex supply chains and high volume of procurement activities. However, other sectors like healthcare and retail are also increasingly adopting procurement software to improve efficiency and compliance.
Market Players
The procurement software market is home to a number of leading players, including:
North America: SAP Ariba (US), Coupa Software (US), Oracle Corporation (US)
Europe: SynerTrade (France), Proactis (UK), Mercateo (Germany)
Asia-Pacific: Vroozi Asia Pacific (Singapore), SAP Ariba APJ
Regional Analysis
North America is expected to remain the dominant region in the global procurement software market due to the presence of a large number of established players and a high adoption rate of advanced technologies. However, the Asia-Pacific region is expected to witness the fastest growth due to the rapid development of its manufacturing and retail sectors.
Key Questions Answered
The report answers key questions such as:
What is the current size and forecast of the global procurement software market?
What are the key growth drivers and challenges in the market?
Which are the leading players in the market?
Which region is expected to hold the largest market share?
If You Have Any Questions About This Report? Please Contact Us On the link mentioned below: https://www.maximizemarketresearch.com/market-report/global-procurement-software-market/26731/
Contact:
Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
Email: sales@maximizemarketresearch.com
Phone No.: +91 96071 95908, +91 9607365656
Website: www.maximizemarketresearch.com
More Related Reports:
Engineering Adhesives Market https://www.maximizemarketresearch.com/market-report/global-engineering-adhesives-market/112949/
Global Digital Badges Market https://www.maximizemarketresearch.com/market-report/digital-badges-market/12943/
Remote Car Starter Market https://www.maximizemarketresearch.com/market-report/remote-car-starter-market/203410/
Add Comment
Business Articles
1. Unveiling The Material Characteristics Of Plastic PartsAuthor: adam.xu
2. Top 5 Beach View Resorts In Chennai For A Memorable Getaway
Author: greenmeadows resort
3. Relationship Counselling Den Haag Brings The Best Chance To Understand Each Other’s Needs!
Author: Angelika Matthias
4. Web Development Company: Guide For Hiring The Best
Author: Sagar Tech
5. Make A Business Website To Get Started Online
Author: Sagar Tech
6. Elevate Your Software Quality With Agile Advisors: Premier Software Testing Consultancy In Dubai, Uae
Author: kohan
7. Affordable Polyester Pleated Mesh From Top Manufacturers
Author: pavitra
8. Empowering Sustainable Development: Agile Advisors As Your Trusted Leed Certification Consultant In Dubai And Uae
Author: kohan
9. Buy Cats Eye Gemstone Online In Ahmedabad
Author: rishabhjains
10. Why Data Destruction And Sanitisation Are Important
Author: Destruction and Sanitisation
11. Stock Market Update: शेयर बाजार में लगातार चौथे हफ्ते बढ़त: क्या तेजी बरकरार रहेगी? जाने इस हफ्ते किन महत्वपूर्ण पहलुओं पर ध्यान देना चाहिए
Author: M Ratlami
12. Perfect Happy New Year Gift For Your Girlfriend Thoughtful Ideas For 2024
Author: MyFlowerTree
13. China Valmax Valve Co., Ltd
Author: China Valmax Valve Co., Ltd.
14. Mastering Clipping Path In Photoshop: A Guide To Precision Editing
Author: Sam
15. Expert Emergency And Cosmetic Dental Care Services For Families And Individuals In St. Louis
Author: Jessica Williams