Global Sourcing Software Market 2017-2021

  • Published: Jan 2017
  • Pages: 66
  • SKU: IRTNTR11750

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This market research study identifies Capgemini, Coupa Software, IBM, SAP, and sciQuest as the leading players in the global sourcing software market. A comprehensive analysis of the sourcing software market is also presented by the end-user (manufacturing, retail, IT and telecom, healthcare, and others) and geography (the Americas, APAC, and EMEA).

Global sourcing software market overview

According to Technavio’s sourcing software market forecast report, this industry will grow at a steady rate and register a CAGR of more than 8% during the forecast period. The increasing demand for automation of sourcing processes is one of the primary factors that will drive the global sourcing software market’s growth in the coming years. Some of the major applications of sourcing processes are invoice RFx, supplier-bidding, supplier evaluation, supplier negotiation and supplier selection, and other sourcing related activities. Automating sourcing activities helps prevent loss at various stages of the sourcing process, prevents manual errors in supply chain systems, and helps gain visibility in the end-to-end supply chain management systems.

The upsurge of cloud-based sourcing software is one of the key sourcing software market trends that will drive the growth prospects of the global sourcing software market until the end of 2021. The cloud-based sourcing software involves minimal upfront investments and offers a pay-per-use billing model for IT-related services such as computing power, storage, network bandwidth, security, platforms, and SaaS.

Competitive landscape and key vendors

According to the global sourcing software market analysis, this industry is highly fragmented and competitive owing to the presence of a large number of multinational vendors across the globe. One of the major factors responsible for the growing competition in the market is the increasing demand for sourcing software in industries such as the IT, manufacturing, and retail.

Key vendors in this market are -

  • Capgemini
  • Coupa Software
  • IBM
  • SAP
  • sciQuest

Other prominent vendors in the market include ClearTrack Information Network, Determine, eBid Systems, ESM Solutions, GEP, Market Dojo, Winddle, Xeeva, and Zycus.

Segmentation by end-user and analysis of the sourcing software market

  • Manufacturing
  • Retail
  • IT and telecom
  • Healthcare

The manufacturing sector accounted for the largest sourcing software market share in 2016 and will continue to dominate the market over the next few years. One of the major factors responsible for the growing demand of sourcing software is to reduce supply chain risk and costs through automation of the sourcing process.

Segmentation by geography and analysis of the sourcing software market

  • Americas
  • APAC
  • EMEA

In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market in the forthcoming years. The Americas led the market due to the high need to optimize procurement through accurate sourcing.

Key questions answered in the report include

  • What will the sourcing software market size and the growth rate be in 2021?
  • What are the key factors driving the global sourcing software market?
  • What are the key market trends impacting the growth of the global sourcing software market?
  • What are the challenges to the sourcing software market growth?
  • Who are the key vendors in the global sourcing software market?
  • What are the market opportunities and threats faced by the vendors in the global sourcing software market?
  • What are the trending factors influencing the sourcing software market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global sourcing software market?

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Table of Contents

PART 01:  Executive summary 

PART 02:  Scope of  the report 

PART 03:  Research Methodology 

PART 04:  Introduction 

  • Key market highlights 

PART 05:  Market Landscape 

  • Market overview 
  • Market size and forecast 

PART 06:  Five forces model 

  • Five force model 

PART 07:  Market segmentation by end-user 

  • Global sourcing market by end-user 

PART 08:  Geographical segmentation 

  • Global sourcing software market by geography 
  • Americas 
  • EMEA 
  • APAC 

PART 09:  Market drivers 

  • Increased need for cost reduction in the sourcing process 
  • Modernization in the indirect procurement process 
  • Need for risk management in sourcing 
  • Demand for automation of the sourcing process 

PART 10:  Impact of drivers 

PART 11:  Market challenges 

  • System integration challenges 
  • Dynamic sourcing service requirements 
  • Threat from open-source sourcing software vendors 

PART 12:  Impact of drivers and challenges 

PART 13:  Market trends 

  • Emergence of mobile sourcing technology 
  • Rise of e-sourcing 
  • Increasing adoption of sourcing analytics 
  • Upsurge of cloud-based sourcing software 

PART 14:  Vendor landscape 

  • Competitive landscape 
  • Major vendor offerings 

PART 15:  Vendor analysis 

  • Capgemini 
  • Coupa Software 
  • IBM 
  • SAP 
  • sciQuest 
  • Other prominent vendors 

PART 16:  Appendix 

  • List of abbreviations 
  • Assumptions 

PART 17:  Explore Technavio 

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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