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. Repair And Maintenance Guide For Garden FencingAuthor: Vikram kumar
2. Lucintel Forecasts The Global Palatant Market To Grow With A Cagr Of 5% From 2024 To 2030
Author: Lucintel LLC
3. Choosing The Right Gas Regulator In Florida: A Complete Guide
Author: Technico
4. Why Deer Park Learners Trust Local Driving Instructors
Author: Aintree Driving School
5. How To Properly Install And Uninstall Your Air Conditioner System With A Low Budget
Author: Neha Jain
6. What Is The Role Of Pdca In Iso 50001?
Author: William Charles
7. Step-by-step Instructions On How To Generate Inventory Reports Quickbooks?
Author: Jack Edwards
8. How To Track Employee Work Hours Efficiently With Trackhr
Author: TrackHr App
9. From Grounded To Global: 4 Ceos Rewiring India’s Aviation Sky
Author: Skyone
10. The Role Of Automation In Modern Cloud Migration Methodology
Author: Netscribes
11. Master Photo Retouching | Steps To Become A Photo Editing Expert
Author: ukclippingpath
12. Great Dependability And Performance Are The Reasons For Extensive Use Of Hydro Pneumatic Press
Author: David Camp
13. Best Lasik Eye Surgery For A Spectacle-free Life
Author: Anil Eye Hospital
14. Industrial Oven Manufacturers In Coimbatore
Author: Heatcon Sensors
15. Plumbing In North Salt Lake: Your Guide To Reliable Services
Author: Brown Jones