E-Procurement Tools Market Opportunities 2031
The E-Procurement Tools Market is expected to register a CAGR of 8.9% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Component (Software, Services); Procurement Model (Activity Based Model, Organization Based Model); Deployment (On-Premise, Cloud); Enterprise Size (SMEs, Large Enterprises); Industry Vertical (BFSI, IT and Telecom, Education, Manufacturing, Food and Beverages, Healthcare, Energy and Utilities, Others) . The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report E-Procurement Tools Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
E-Procurement Tools Market Segmentation
Component- Software
- Services
- Activity Based Model
- Organization Based Model
- On-Premise
- Cloud
- SMEs
- Large Enterprises
- SMEs
- Large Enterprises
Strategic Insights
E-Procurement Tools Market Growth Drivers- Cost savings and efficiency: Cutting down procurement costs and improving overall operational efficiency is the primary reason many businesses turn to e-procurement tools. Since e-procurement platforms make it possible to automate a lot of things, such as purchase orders, invoice approval, and supplier management, the procurement process becomes streamlined, which reduces administration costs, shortens procurement cycles, and provides good spend visibility. Centralized procurement helps companies negotiate better prices with suppliers, which can also drive cost savings.
- More Emphasis on Digital Transformation and Automation: Companies pursuing a growing trend in digital transformation have now turned towards automation processes that enhance the smooth flow of internal operations, which includes procurement. E-procurement tools are also part of the larger trend in automating mundane business functions to facilitate more productivity, fewer mistakes, and even better data analytics. Integrating these e-procurement systems with ERP, finance, and supply chain management has now become indispensable for a holistic, effective way of operating business.
- Cloud-Based E-Procurement Solution Emerging: Cloud-based e-procurement tools have fast become popular in recent times as cloud services offer the flexibility to scale up or down and at the same time save on costs. With the help of cloud solutions, there is no need for costly on-premise infrastructure and allows access to procurement data in real-time, anytime, anywhere. This is also enabling integration with other cloud-based business tools for improved processes of procurement. Organisations can quickly scale up or down as per needs when using cloud-based systems and therefore it can suit all sizes of businesses.
- Integration with Artificial Intelligence (AI) and Machine Learning (ML): AI and machine learning technologies are being integrated into e-procurement tools to enhance decision-making and optimize procurement processes. AI can automate tasks such as supplier selection, predictive analytics for demand forecasting, and identifying cost-saving opportunities. ML algorithms can analyze historical purchasing data to recommend optimal suppliers, predict price trends, and suggest inventory replenishment schedules. This integration does not only make the process operational more efficient but also aids in companies' smart, data-driven procurement decisions.
- E-Procurement Solutions for Small and Medium-Sized Enterprises (SMEs): Whereas large enterprises have long enjoyed e-procurement tools, the emerging opportunity lies in tailoring these solutions to the small and medium-sized business. SMEs generally lack the resources and sophisticated procurement teams of larger corporations, which makes them more dependent on manual, inefficient procurement processes. Scalable, affordable, and user-friendly e-procurement solutions can help SMEs digitize their procurement operations, improve supplier management, reduce costs, and ensure compliance. This is an enormous growth opportunity for e-procurement providers that can offer value-driven, easy-to-implement solutions tailored to the needs of smaller businesses.
- Cloud-Based Solutions and SaaS Adoption: Cloud-based e-procurement solutions are rapidly gaining popularity due to their scalability, lower upfront costs, and ease of access from anywhere. Software-as-a-Service (SaaS) models allow businesses to pay for e-procurement tools on a subscription basis, eliminating the need for large capital investments in infrastructure and reducing the burden of maintenance and upgrades. With the increasing reliance on remote work and the need for real-time collaboration across geographies, cloud-based solutions enable procurement teams to manage sourcing, approvals, and supplier relationships more efficiently from any location. This trend is expected to continue as more organizations move to the cloud for greater flexibility and cost-effectiveness.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the E-Procurement Tools Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the E-Procurement Tools Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
The E-Procurement Tools Market is estimated to witness a CAGR of 8.9% from 2023 to 2031
The major factors driving the e-procurement tools market are:
1. Cost savings and efficiency.
2.More Emphasis on Digital Transformation and Automation
Cloud-Based E-Procurement Solution Emerging is likely to remain a key trend in the market.
Key players in the e-procurement tools market include SAP Ariba, Coupa Software, Jaggaer, Oracle Procurement Cloud, Ivalua, Zycus, GEP SMART, BravoSolution, SynerTrade, and Procurify
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 E-Procurement Tools Market - By Component
1.3.2 E-Procurement Tools Market - By Procurement Model
1.3.3 E-Procurement Tools Market - By Deployment
1.3.4 E-Procurement Tools Market - By Enterprise Size
1.3.5 E-Procurement Tools Market - By Industry Vertical
1.3.6 E-Procurement Tools Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. E-PROCUREMENT TOOLS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. E-PROCUREMENT TOOLS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. E-PROCUREMENT TOOLS MARKET - GLOBAL MARKET ANALYSIS
6.1. E-PROCUREMENT TOOLS - GLOBAL MARKET OVERVIEW
6.2. E-PROCUREMENT TOOLS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. E-PROCUREMENT TOOLS MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOFTWARE
7.3.1. Overview
7.3.2. Software Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. E-PROCUREMENT TOOLS MARKET - REVENUE AND FORECASTS TO 2028 - PROCUREMENT MODEL
8.1. OVERVIEW
8.2. PROCUREMENT MODEL MARKET FORECASTS AND ANALYSIS
8.3. ACTIVITY BASED MODEL
8.3.1. Overview
8.3.2. Activity Based Model Market Forecast and Analysis
8.4. ORGANIZATION BASED MODEL
8.4.1. Overview
8.4.2. Organization Based Model Market Forecast and Analysis
9. E-PROCUREMENT TOOLS MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT
9.1. OVERVIEW
9.2. DEPLOYMENT MARKET FORECASTS AND ANALYSIS
9.3. ON-PREMISE
9.3.1. Overview
9.3.2. On-Premise Market Forecast and Analysis
9.4. CLOUD
9.4.1. Overview
9.4.2. Cloud Market Forecast and Analysis
10. E-PROCUREMENT TOOLS MARKET - REVENUE AND FORECASTS TO 2028 - ENTERPRISE SIZE
10.1. OVERVIEW
10.2. ENTERPRISE SIZE MARKET FORECASTS AND ANALYSIS
10.3. SMES
10.3.1. Overview
10.3.2. SMEs Market Forecast and Analysis
10.4. LARGE ENTERPRISES
10.4.1. Overview
10.4.2. Large Enterprises Market Forecast and Analysis
11. E-PROCUREMENT TOOLS MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
11.1. OVERVIEW
11.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
11.3. BFSI
11.3.1. Overview
11.3.2. BFSI Market Forecast and Analysis
11.4. IT AND TELECOM
11.4.1. Overview
11.4.2. IT and Telecom Market Forecast and Analysis
11.5. EDUCATION
11.5.1. Overview
11.5.2. Education Market Forecast and Analysis
11.6. MANUFACTURING
11.6.1. Overview
11.6.2. Manufacturing Market Forecast and Analysis
11.7. FOOD AND BEVERAGES
11.7.1. Overview
11.7.2. Food and Beverages Market Forecast and Analysis
11.8. HEALTHCARE
11.8.1. Overview
11.8.2. Healthcare Market Forecast and Analysis
11.9. ENERGY AND UTILITIES
11.9.1. Overview
11.9.2. Energy and Utilities Market Forecast and Analysis
11.10. OTHERS
11.10.1. Overview
11.10.2. Others Market Forecast and Analysis
12. E-PROCUREMENT TOOLS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America E-Procurement Tools Market Overview
12.1.2 North America E-Procurement Tools Market Forecasts and Analysis
12.1.3 North America E-Procurement Tools Market Forecasts and Analysis - By Component
12.1.4 North America E-Procurement Tools Market Forecasts and Analysis - By Procurement Model
12.1.5 North America E-Procurement Tools Market Forecasts and Analysis - By Deployment
12.1.6 North America E-Procurement Tools Market Forecasts and Analysis - By Enterprise Size
12.1.7 North America E-Procurement Tools Market Forecasts and Analysis - By Industry Vertical
12.1.8 North America E-Procurement Tools Market Forecasts and Analysis - By Countries
12.1.8.1 United States E-Procurement Tools Market
12.1.8.1.1 United States E-Procurement Tools Market by Component
12.1.8.1.2 United States E-Procurement Tools Market by Procurement Model
12.1.8.1.3 United States E-Procurement Tools Market by Deployment
12.1.8.1.4 United States E-Procurement Tools Market by Enterprise Size
12.1.8.1.5 United States E-Procurement Tools Market by Industry Vertical
12.1.8.2 Canada E-Procurement Tools Market
12.1.8.2.1 Canada E-Procurement Tools Market by Component
12.1.8.2.2 Canada E-Procurement Tools Market by Procurement Model
12.1.8.2.3 Canada E-Procurement Tools Market by Deployment
12.1.8.2.4 Canada E-Procurement Tools Market by Enterprise Size
12.1.8.2.5 Canada E-Procurement Tools Market by Industry Vertical
12.1.8.3 Mexico E-Procurement Tools Market
12.1.8.3.1 Mexico E-Procurement Tools Market by Component
12.1.8.3.2 Mexico E-Procurement Tools Market by Procurement Model
12.1.8.3.3 Mexico E-Procurement Tools Market by Deployment
12.1.8.3.4 Mexico E-Procurement Tools Market by Enterprise Size
12.1.8.3.5 Mexico E-Procurement Tools Market by Industry Vertical
12.2. EUROPE
12.2.1 Europe E-Procurement Tools Market Overview
12.2.2 Europe E-Procurement Tools Market Forecasts and Analysis
12.2.3 Europe E-Procurement Tools Market Forecasts and Analysis - By Component
12.2.4 Europe E-Procurement Tools Market Forecasts and Analysis - By Procurement Model
12.2.5 Europe E-Procurement Tools Market Forecasts and Analysis - By Deployment
12.2.6 Europe E-Procurement Tools Market Forecasts and Analysis - By Enterprise Size
12.2.7 Europe E-Procurement Tools Market Forecasts and Analysis - By Industry Vertical
12.2.8 Europe E-Procurement Tools Market Forecasts and Analysis - By Countries
12.2.8.1 Germany E-Procurement Tools Market
12.2.8.1.1 Germany E-Procurement Tools Market by Component
12.2.8.1.2 Germany E-Procurement Tools Market by Procurement Model
12.2.8.1.3 Germany E-Procurement Tools Market by Deployment
12.2.8.1.4 Germany E-Procurement Tools Market by Enterprise Size
12.2.8.1.5 Germany E-Procurement Tools Market by Industry Vertical
12.2.8.2 France E-Procurement Tools Market
12.2.8.2.1 France E-Procurement Tools Market by Component
12.2.8.2.2 France E-Procurement Tools Market by Procurement Model
12.2.8.2.3 France E-Procurement Tools Market by Deployment
12.2.8.2.4 France E-Procurement Tools Market by Enterprise Size
12.2.8.2.5 France E-Procurement Tools Market by Industry Vertical
12.2.8.3 Italy E-Procurement Tools Market
12.2.8.3.1 Italy E-Procurement Tools Market by Component
12.2.8.3.2 Italy E-Procurement Tools Market by Procurement Model
12.2.8.3.3 Italy E-Procurement Tools Market by Deployment
12.2.8.3.4 Italy E-Procurement Tools Market by Enterprise Size
12.2.8.3.5 Italy E-Procurement Tools Market by Industry Vertical
12.2.8.4 United Kingdom E-Procurement Tools Market
12.2.8.4.1 United Kingdom E-Procurement Tools Market by Component
12.2.8.4.2 United Kingdom E-Procurement Tools Market by Procurement Model
12.2.8.4.3 United Kingdom E-Procurement Tools Market by Deployment
12.2.8.4.4 United Kingdom E-Procurement Tools Market by Enterprise Size
12.2.8.4.5 United Kingdom E-Procurement Tools Market by Industry Vertical
12.2.8.5 Russia E-Procurement Tools Market
12.2.8.5.1 Russia E-Procurement Tools Market by Component
12.2.8.5.2 Russia E-Procurement Tools Market by Procurement Model
12.2.8.5.3 Russia E-Procurement Tools Market by Deployment
12.2.8.5.4 Russia E-Procurement Tools Market by Enterprise Size
12.2.8.5.5 Russia E-Procurement Tools Market by Industry Vertical
12.2.8.6 Rest of Europe E-Procurement Tools Market
12.2.8.6.1 Rest of Europe E-Procurement Tools Market by Component
12.2.8.6.2 Rest of Europe E-Procurement Tools Market by Procurement Model
12.2.8.6.3 Rest of Europe E-Procurement Tools Market by Deployment
12.2.8.6.4 Rest of Europe E-Procurement Tools Market by Enterprise Size
12.2.8.6.5 Rest of Europe E-Procurement Tools Market by Industry Vertical
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific E-Procurement Tools Market Overview
12.3.2 Asia-Pacific E-Procurement Tools Market Forecasts and Analysis
12.3.3 Asia-Pacific E-Procurement Tools Market Forecasts and Analysis - By Component
12.3.4 Asia-Pacific E-Procurement Tools Market Forecasts and Analysis - By Procurement Model
12.3.5 Asia-Pacific E-Procurement Tools Market Forecasts and Analysis - By Deployment
12.3.6 Asia-Pacific E-Procurement Tools Market Forecasts and Analysis - By Enterprise Size
12.3.7 Asia-Pacific E-Procurement Tools Market Forecasts and Analysis - By Industry Vertical
12.3.8 Asia-Pacific E-Procurement Tools Market Forecasts and Analysis - By Countries
12.3.8.1 Australia E-Procurement Tools Market
12.3.8.1.1 Australia E-Procurement Tools Market by Component
12.3.8.1.2 Australia E-Procurement Tools Market by Procurement Model
12.3.8.1.3 Australia E-Procurement Tools Market by Deployment
12.3.8.1.4 Australia E-Procurement Tools Market by Enterprise Size
12.3.8.1.5 Australia E-Procurement Tools Market by Industry Vertical
12.3.8.2 China E-Procurement Tools Market
12.3.8.2.1 China E-Procurement Tools Market by Component
12.3.8.2.2 China E-Procurement Tools Market by Procurement Model
12.3.8.2.3 China E-Procurement Tools Market by Deployment
12.3.8.2.4 China E-Procurement Tools Market by Enterprise Size
12.3.8.2.5 China E-Procurement Tools Market by Industry Vertical
12.3.8.3 India E-Procurement Tools Market
12.3.8.3.1 India E-Procurement Tools Market by Component
12.3.8.3.2 India E-Procurement Tools Market by Procurement Model
12.3.8.3.3 India E-Procurement Tools Market by Deployment
12.3.8.3.4 India E-Procurement Tools Market by Enterprise Size
12.3.8.3.5 India E-Procurement Tools Market by Industry Vertical
12.3.8.4 Japan E-Procurement Tools Market
12.3.8.4.1 Japan E-Procurement Tools Market by Component
12.3.8.4.2 Japan E-Procurement Tools Market by Procurement Model
12.3.8.4.3 Japan E-Procurement Tools Market by Deployment
12.3.8.4.4 Japan E-Procurement Tools Market by Enterprise Size
12.3.8.4.5 Japan E-Procurement Tools Market by Industry Vertical
12.3.8.5 South Korea E-Procurement Tools Market
12.3.8.5.1 South Korea E-Procurement Tools Market by Component
12.3.8.5.2 South Korea E-Procurement Tools Market by Procurement Model
12.3.8.5.3 South Korea E-Procurement Tools Market by Deployment
12.3.8.5.4 South Korea E-Procurement Tools Market by Enterprise Size
12.3.8.5.5 South Korea E-Procurement Tools Market by Industry Vertical
12.3.8.6 Rest of Asia-Pacific E-Procurement Tools Market
12.3.8.6.1 Rest of Asia-Pacific E-Procurement Tools Market by Component
12.3.8.6.2 Rest of Asia-Pacific E-Procurement Tools Market by Procurement Model
12.3.8.6.3 Rest of Asia-Pacific E-Procurement Tools Market by Deployment
12.3.8.6.4 Rest of Asia-Pacific E-Procurement Tools Market by Enterprise Size
12.3.8.6.5 Rest of Asia-Pacific E-Procurement Tools Market by Industry Vertical
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa E-Procurement Tools Market Overview
12.4.2 Middle East and Africa E-Procurement Tools Market Forecasts and Analysis
12.4.3 Middle East and Africa E-Procurement Tools Market Forecasts and Analysis - By Component
12.4.4 Middle East and Africa E-Procurement Tools Market Forecasts and Analysis - By Procurement Model
12.4.5 Middle East and Africa E-Procurement Tools Market Forecasts and Analysis - By Deployment
12.4.6 Middle East and Africa E-Procurement Tools Market Forecasts and Analysis - By Enterprise Size
12.4.7 Middle East and Africa E-Procurement Tools Market Forecasts and Analysis - By Industry Vertical
12.4.8 Middle East and Africa E-Procurement Tools Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa E-Procurement Tools Market
12.4.8.1.1 South Africa E-Procurement Tools Market by Component
12.4.8.1.2 South Africa E-Procurement Tools Market by Procurement Model
12.4.8.1.3 South Africa E-Procurement Tools Market by Deployment
12.4.8.1.4 South Africa E-Procurement Tools Market by Enterprise Size
12.4.8.1.5 South Africa E-Procurement Tools Market by Industry Vertical
12.4.8.2 Saudi Arabia E-Procurement Tools Market
12.4.8.2.1 Saudi Arabia E-Procurement Tools Market by Component
12.4.8.2.2 Saudi Arabia E-Procurement Tools Market by Procurement Model
12.4.8.2.3 Saudi Arabia E-Procurement Tools Market by Deployment
12.4.8.2.4 Saudi Arabia E-Procurement Tools Market by Enterprise Size
12.4.8.2.5 Saudi Arabia E-Procurement Tools Market by Industry Vertical
12.4.8.3 U.A.E E-Procurement Tools Market
12.4.8.3.1 U.A.E E-Procurement Tools Market by Component
12.4.8.3.2 U.A.E E-Procurement Tools Market by Procurement Model
12.4.8.3.3 U.A.E E-Procurement Tools Market by Deployment
12.4.8.3.4 U.A.E E-Procurement Tools Market by Enterprise Size
12.4.8.3.5 U.A.E E-Procurement Tools Market by Industry Vertical
12.4.8.4 Rest of Middle East and Africa E-Procurement Tools Market
12.4.8.4.1 Rest of Middle East and Africa E-Procurement Tools Market by Component
12.4.8.4.2 Rest of Middle East and Africa E-Procurement Tools Market by Procurement Model
12.4.8.4.3 Rest of Middle East and Africa E-Procurement Tools Market by Deployment
12.4.8.4.4 Rest of Middle East and Africa E-Procurement Tools Market by Enterprise Size
12.4.8.4.5 Rest of Middle East and Africa E-Procurement Tools Market by Industry Vertical
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America E-Procurement Tools Market Overview
12.5.2 South and Central America E-Procurement Tools Market Forecasts and Analysis
12.5.3 South and Central America E-Procurement Tools Market Forecasts and Analysis - By Component
12.5.4 South and Central America E-Procurement Tools Market Forecasts and Analysis - By Procurement Model
12.5.5 South and Central America E-Procurement Tools Market Forecasts and Analysis - By Deployment
12.5.6 South and Central America E-Procurement Tools Market Forecasts and Analysis - By Enterprise Size
12.5.7 South and Central America E-Procurement Tools Market Forecasts and Analysis - By Industry Vertical
12.5.8 South and Central America E-Procurement Tools Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil E-Procurement Tools Market
12.5.8.1.1 Brazil E-Procurement Tools Market by Component
12.5.8.1.2 Brazil E-Procurement Tools Market by Procurement Model
12.5.8.1.3 Brazil E-Procurement Tools Market by Deployment
12.5.8.1.4 Brazil E-Procurement Tools Market by Enterprise Size
12.5.8.1.5 Brazil E-Procurement Tools Market by Industry Vertical
12.5.8.2 Argentina E-Procurement Tools Market
12.5.8.2.1 Argentina E-Procurement Tools Market by Component
12.5.8.2.2 Argentina E-Procurement Tools Market by Procurement Model
12.5.8.2.3 Argentina E-Procurement Tools Market by Deployment
12.5.8.2.4 Argentina E-Procurement Tools Market by Enterprise Size
12.5.8.2.5 Argentina E-Procurement Tools Market by Industry Vertical
12.5.8.3 Rest of South and Central America E-Procurement Tools Market
12.5.8.3.1 Rest of South and Central America E-Procurement Tools Market by Component
12.5.8.3.2 Rest of South and Central America E-Procurement Tools Market by Procurement Model
12.5.8.3.3 Rest of South and Central America E-Procurement Tools Market by Deployment
12.5.8.3.4 Rest of South and Central America E-Procurement Tools Market by Enterprise Size
12.5.8.3.5 Rest of South and Central America E-Procurement Tools Market by Industry Vertical
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. E-PROCUREMENT TOOLS MARKET, KEY COMPANY PROFILES
14.1. BECHTLE AG
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. COUPA SOFTWARE INC.
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. DELTA ESOURCING
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. GEP
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. IBM CORPORATION
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. JAGGAER
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. KISSFLOW INC.
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. MEDIUS SOFTWARE LIMITED.
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. ORACLE
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. PROCURIFY TECHNOLOGIES INC.
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1.Bechtle AG
2.Coupa Software Inc.
3.Delta eSourcing
4.GEP
5.IBM Corporation
6.JAGGAER
7.Kissflow Inc.
8.Medius Software Limited.
9.Oracle
10.Procurify Technologies Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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