Procurement Software Market Poised for Double-Digit Growth, Reaching $15.13 Billion by 2030

The global procurement software market is on an upward trajectory, projected to reach USD 15.13 billion by 2030, according to a new report by Maximize Market Research. This signifies a Compound Annual Growth Rate (CAGR) of 10.8% from 2023, fueled by a growing need for efficient supply chain management and cost optimization.

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Market Overview

The Maximize Market Research report offers a comprehensive analysis of the procurement software landscape. It provides a detailed breakdown of the market by deployment type (on-premises, cloud-based), industry vertical (manufacturing, healthcare, retail), and geographic region. The report also sheds light on key industry trends, upcoming opportunities, and the competitive landscape, featuring prominent players in the global procurement software market.

Market Scope and Methodology

The report leverages a robust research methodology, employing a combination of top-down and bottom-up approaches alongside extensive primary research. This ensures accurate market size estimations and segment breakdowns. Data triangulation methods are further utilized to verify key figures, providing a clear picture of the evolving procurement software market.

Market Segmentation

The procurement software market is segmented to offer a granular view:

• Deployment Type:
  • On-Premises
  • Cloud-Based
    • Public Cloud
    • Private Cloud
    • Hybrid Cloud
• Industry Vertical:
  • Manufacturing
  • Healthcare
  • Retail
  • Government
  • Financial Services

Major Manufacturers

The report features a comprehensive list of key players in the global procurement software market, categorized by region:

North America

• SAP Ariba (United States)
• Coupa Software (United States)
• Oracle Corporation (United States)
• GEP (United States)
• Jaggaer (United States)
• Ivalua (United States)
• Determine (United States)
• Zycus (United States)
• Basware (United States)
• Vroozi (United States)

Europe

• SynerTrade (France)
• Proactis (United Kingdom)
• SynerTrade Accelerate (Germany)
• Mercateo (Germany)
• Simfoni (United Kingdom)

Asia Pacific

• Vroozi Asia Pacific (Singapore)
• SAP Ariba APJ (Asia-Pacific and Japan)

Latin America

• Ariba Commerce Cloud

Regional Analysis

The report provides a detailed PESTLE analysis (Political, Economic, Social, Technological, Legal, and Environmental) for North America, Europe, Asia Pacific, and Latin America, examining the factors impacting the procurement software market in each region.

COVID-19 Impact Analysis

The report analyzes the impact of the COVID-19 pandemic on the procurement software market, exploring changes in consumer behavior and market trends. It offers valuable insights for businesses to adapt and thrive in the evolving landscape.

Key Questions Answered

The report addresses critical questions for stakeholders in the procurement software market, including:

• What is the projected CAGR for the procurement software market during the forecast period?
• Which deployment type holds the leading market share?
• How is the increasing focus on digital transformation driving market growth?
• Who are the key players in the global procurement software market?
• Which region is expected to witness the fastest growth in the procurement software market?

Table of Contents: Function as a Service Market

• Part 1: Overview of Function as a Service Market

• Part 2: Epigenetics Carts: Global Market Status and Forecast by Regions

• Part 3: Global Market Status and Forecast by Types

• Part 4: Global Market Status and Forecast by Downstream Industry

• Part 5: Market Driving Factor Analysis

• Part 6: Market Competition Status by Major Manufacturers

• Part 7: Major Manufacturers Introduction and Market Data

• Part 8: Upstream and Downstream Market Analysis

• Part 9: Cost and Gross Margin Analysis

• Part 10: Marketing Status Analysis

• Part 11: Market Report Conclusion

• Part 12: Epigenetics: Research Methodology and Reference 

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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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