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Global Procurement Software Market To Grow At A CAGR Of 10.16% During The Period 2017-2021

Press release   •   Feb 01, 2017 04:58 EST has recently announced the addition of a market study “ Global Procurement Software Market 2017-2021”, is a comparative analysis of the global market.

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.

Technavios 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:




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.

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Key vendors







Other prominent vendors



Coupa Software Inc.






JDA Software

Manhattan Associates



Tungsten Network



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 analysts time when you purchase this market report. Details are provided within the report.

Table Of Content

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 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




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