The global procurement software market is currently valued at $7.38 billion and is projected to experience substantial growth, reaching $15.13 billion by 2030. This represents a compound annual growth rate (CAGR) of 10.8% over the forecast period, indicating a positive and upward trend for the industry.
Procurement Software Market Overview:
The aim of this study is to offer an in-depth analysis of the Procurement Software market, focusing on different segments and geographical regions. The report meticulously examines the key drivers propelling the growth of the Procurement Software market. Additionally, it provides a thorough evaluation of the market's value chain, detailing each stage and its significance in the overall market structure.
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Market Scope:
To obtain the final quantitative and qualitative data, all potential factors affecting the markets covered in this study were meticulously analyzed, extensively researched, validated through primary research, and thoroughly evaluated. Market size projections encompass both high-level markets and specific sub-segments, with considerations for inflation, economic downturns, regulatory changes, and other pertinent variables. This data is meticulously compiled and presented in this report, alongside detailed contributions and analyses from various companies.
To validate and estimate market sizes for different segments, both top-down and bottom-up methodologies were employed. The market estimates in this research are based on the sale price, excluding any discounts from manufacturers, distributors, wholesalers, or traders. Percentage splits, market shares, and segment breakdowns are determined by applying weights to each section based on usage rates and average sale prices. The country-specific splits of the overall market and its sub-segments are calculated based on the percentage adoption or usage of the provided market size in each respective region or nation.
Segmentation:
by Deployment Type
On-Premises
Cloud-Based
Public Cloud
Private Cloud
Hybrid Cloud
by Industry Vertical
Manufacturing
Healthcare
Retail
Government
Financial Services
Key Players:
Market leaders are pinpointed through a combination of primary and secondary research. Market revenue figures are derived from these dual approaches. Primary research consists of comprehensive interviews with key thought leaders and industry professionals, including experienced frontline staff, CEOs, and marketing managers. Secondary research involves analyzing the quarterly and financial performance of leading manufacturers. This secondary data helps to determine global market percentage splits, market shares, growth rates, and breakdowns, which are subsequently validated with primary data sources.
The primary players featured in the Procurement Software market report are:
North America:
1. SAP Ariba (United States)
2. Coupa Software (United States)
3. Oracle Corporation (United States)
4. GEP (United States)
5. Jaggaer (United States)
6. Ivalua (United States)
7. Determine (United States)
8. Zycus (United States)
9. Basware (United States)
10. Vroozi (United States)
11. Basware (Finland)
Europe:
12. SynerTrade (France)
13. Proactis (United Kingdom)
14. SynerTrade Accelerate (Germany)
15. Mercateo (Germany)
16. Simfoni (United Kingdom)
Asia-Pacific:
17. Vroozi Asia Pacific (Singapore)
18. SAP Ariba APJ (Asia-Pacific and Japan)
Latin America:
19. Ariba Commerce Cloud
Regional Analysis:
Market share statistics for Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America are available separately. Analysts at Maximize assess the competitive strengths and perform a competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Procurement Software Market:
The COVID-19 pandemic has significantly affected various industries, including aerospace and defense, agriculture, automotive, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, and the banking, financial services, and insurance sectors. The Procurement Software market has also felt the impact, with notable effects on the overall market and growth rates during 2019-2020 as the pandemic's influence spread. The latest insights, perspectives, and market data are crucial for companies and associations within the Procurement Software industry to navigate these challenging times.
Key Questions Answered in the Procurement Software Market Report are:
- What segment dominated the Procurement Software market in terms of market share?
- How did the competitive landscape of the Procurement Software market look in 2024?
- What are the primary drivers of growth in the Procurement Software market?
- Which region accounted for the largest market share in the Procurement Software market in 2024?
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About Us:
About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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