About Procurement Software
Procurement software is a program that allows organizations to automate the process of purchasing resources and managing inventory. The software generates and approves purchase orders, selection, and ordering of product or service; matches invoices for materials received; and tracks all payment schedules. It is used for a range of applications, from shopping carts to highly complex SCM applications for global enterprises.
Technavio’s analysts forecast the global procurement software market to grow at a CAGR of 10.16% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global procurement software market for 2017-2021. To calculate the market size, the report considers the revenue generated from software subscriptions, installations, updates, licenses, maintenance costs, and professional services to calculate the market size.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Procurement Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Basware
• IBM
• Oracle
• PROACTIS
• SAP
• SciQuest
Other prominent vendors
• BravoSolution
• BuyerQuest
• Coupa Software Inc.
• Elcom
• Epicor
• Infor
• IQNavigator
• Ivalua
• JDA Software
• Manhattan Associates
• OpusCapita
• Tradeshift
• Tungsten Network
• Vinimaya
• Zycus
Market driver
• Need for automation of procurement process.
• For a full, detailed list, view our report
Market challenge
• Integration of cross-functional departments.
• For a full, detailed list, view our report
Market trend
• Increase in cloud-based procurement services.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
• Base year
• Market segmentation
• Summation errors
• Top-vendor offerings
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
PART 05: Market description
• Procurement
• Procurement value chain
• Methods of procurement
• Processes involved in procurement
• Pricing of procurement software
• Types of procurement software
PART 06: Market landscape
• Market overview
• Supply chain network
• Market size and forecast
PART 07: Market segmentation by deployment type
• Global procurement software market by deployment type
PART 08: Geographical segmentation
• Global procurement software market by geography 2016
• Global procurement software market by geography 2016-2021
• Americas
• EMEA
• APAC
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
• Lack of skilled professionals
• Integration of cross-functional departments
• High cost of ownership
• Uncertain economic conditions
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Five forces analysis
PART 15: Vendor landscape
• Competitive landscape
• Vendor matrix
• Comparative chart for technology providers
PART 16: Key vendor analysis
• Basware
• IBM
• Oracle
• PROACTIS
• SAP
• SciQuest
• Other prominent vendors
PART 17: Appendix
• List of abbreviations
PART 18: Explore Technavio
List of Exhibits
Exhibit 01: Major countries covered
Exhibit 02: Product offerings
Exhibit 03: Processes involved in acquiring goods or services
Exhibit 04: Procurement value chain
Exhibit 05: Pricing of procurement software per user 2016-2021 ($)
Exhibit 06: SCM overview
Exhibit 07: Supply chain network
Exhibit 08: Global procurement software market 2016-2021 ($ billions)
Exhibit 09: Global procurement software market by deployment type 2016 and 2021
Exhibit 10: Global on- premise procurement software market 2016-2021 ($ billions)
Exhibit 11: Global cloud procurement software market 2016-2021 ($ billions)
Exhibit 12: Comparison of cloud and on-premises solutions
Exhibit 13: Global procurement software market by geography 2016
Exhibit 14: Global procurement software market by geography 2016-2021
Exhibit 15: Global procurement software market in Americas 2017-2021 ($ billions)
Exhibit 16: Global procurement software market in EMEA 2016-2021 ($ billions)
Exhibit 17: Global procurement software market in APAC 2016-2021 ($ billions)
Exhibit 18: Impact of drivers
Exhibit 19: Impact of drivers and challenges
Exhibit 20: Five forces analysis
Exhibit 21: Deployment model provided by procurement software vendors
Exhibit 22: Features provided by procurement software vendors
Exhibit 23: End-user support provided by procurement software vendors
Exhibit 24: Geographical presence of procurement software vendors
Exhibit 25: Customer base of procurement software vendors
Exhibit 26: Comparative petal chart for procurement software vendors
Exhibit 27: Basware procurement product and features
Exhibit 28: Basware: Recent developments
Exhibit 29: IBM procurement product and features
Exhibit 30: IBM: Recent developments
Exhibit 31: Oracle procurement products and features
Exhibit 32: Oracle: Recent developments
Exhibit 33: PROACTIS: Procurement products and features
Exhibit 34: PROACTIS: Recent developments
Exhibit 35: SAP procurement products and features
Exhibit 36: SAP: Recent developments
Exhibit 37: SciQuest procurement products and features
Exhibit 38: SciQuest: Recent developments
Exhibit 39: Other prominent vendors
