Procurement Software Market by Deployment, End-user and Geography - Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 176 SKU: IRTNTR75135

Procurement Software Market Forecast 2023-2027

The procurement software market size is estimated to increase by USD 4.90 billion, growing at a CAGR of 10.2% between 2022 and 2027. Improvements in business efficiency emerge as crucial factors propelling the market forward. Through comprehensive procurement analysis covering various aspects of the process, organizations gain numerous advantages, including improved supplier management facilitated by comprehensive data oversight. Moreover, these solutions assist in identifying business risks and trends, streamlining the management and planning of complex contracts and projects, thereby accelerating business operations.

What will be the Size of the Procurement Software Market During the Forecast Period?

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Market Segmentation

This market report extensively covers market segmentation by deployment (cloud and on-premises), end-user (retail and e-commerce, healthcare and pharmaceuticals, manufacturing and automotive, IT and telecom, BFSI, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

By Deployment

The market share growth by the cloud segment will be significant during the forecast period. With cloud-based software, enterprises do not have to spend time setting up servers and procuring licenses. Thus, various vendors in this market are offering cloud-based procurement software to cater to the growing demand from various end-users. Such factors will increase the demand for this segment during the forecast period.

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The cloud segment was valued at USD 3.79 billion in 2017 and continued to grow until 2021. Cloud-based software does not require the actual installation of hardware and software at the enterprise premises. It is maintained at the vendor's data center, from where it can be accessed by the enterprises on a subscription basis. Enterprises pay a monthly or yearly subscription fee for each device, including maintenance and system upgrades. Thus, the cloud-based model is very useful for small and mid-sized enterprises as it allows them to streamline and automate their daily operations efficiently, reduce errors, and lower their costs. Such factors will increase the segment growth in this market during the forecast period.

By Region

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North America is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America is a key region of the global market in terms of market share, with a strong presence of key players and a large consumer base. Digitalization and technological innovation have advanced significantly in this region, contributing to the growth of the global market. Increasing demand for automation, increasing adoption of cloud-based solutions, and the need for efficient supply chain management are some of the key factors driving the growth of the North American market. 

Market Dynamics and Customer Landscape

The market is experiencing robust growth, driven by a confluence of factors and emerging trends. One significant driver is the increasing adoption of cloud-based solutions and Software as a Service (SaaS) models, exemplified by offerings such as Basware’s Purchase-to-Pay Solution and Oracle’s Cloud Self-Service Procurement. These solutions offer greater flexibility, scalability, and cost-effectiveness, enabling organizations to streamline their processes and adapt to changing business needs more efficiently. Additionally, the integration of artificial intelligence (AI) into procurement software, as seen in Zycus’s Procurement Software Suite, is revolutionizing the industry by automating routine tasks, enhancing decision-making, and providing valuable insights into supplier performance and market trends.

Furthermore, the growing demand for AP automation, driven by the need to improve efficiency and reduce manual errors, is propelling the market forward. SAP SE’s SAP Ariba Buying and Invoicing Software, with its advanced automation capabilities, is at the forefront of this trend. Moreover, as companies increasingly prioritize transparency, compliance, and risk management in their processes, there is a rising demand for solutions that offer cloud-based Supplier Qualification Management and Procurement Contracts. These solutions, exemplified by Cloud Supplier Qualification Management and Cloud Procurement Contracts, provide organizations with the tools they need to ensure supplier compliance, mitigate risks, and maintain transparent information throughout the lifecycle. Overall, as businesses continue to digitize and optimize their operations, the market is poised for significant growth and innovation in the coming years.

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

Enhancements in business efficiency stand out as pivotal drivers propelling the market forward. With procurement analysis spanning various facets of the process, organizations reap manifold benefits, including enhanced supplier management facilitated by comprehensive data oversight. Furthermore, these solutions aid in pinpointing business risks and trends, expediting the management and planning of intricate contracts and projects. Through the consolidation of information and the provision of insights from diverse data reservoirs, organizations garner dependable analytics, fostering informed decision-making. By streamlining supplier information management, these solutions bolster supplier engagement, amplifying efficiency while mitigating risks. Process automation coupled with heightened visibility and accuracy not only optimizes operations but also augments overall business efficiency. As a result, heightened demand driven by these efficiency-enhancing capabilities is anticipated to fuel substantial growth within the global procurement software market in the foreseeable future.

Significant Market Trends

Growing demand for e-procurement is the primary trend in the global market. Electronic procurement (e-procurement) is the process of buying and selling services and goods electronically, primarily over the Internet. It replaces the manual process. Businesses choose these platforms because they help reduce additional costs, such as intermediary costs and irregularities in the process. Additionally, the e-procurement portal is designed to allow end-users to register as supplier or buyers, submit all relevant and required documents online, and participate in the subsequent bidding process. This leads to the generation of a large amount of data.

Predictive analytics uses this data to make predictions, which will enable enterprises to make appropriate strategies for business decisions. In addition, procurement software with e-procurement will enable enterprises to identify qualified vendors and forecast demand based on historical patterns, thereby increasing efficiency and predictability. Hence, increased use of e-procurement will fuel the demand, which is expected to fuel the growth of the global procurement market during the forecast period.

Major Market Challenge

Complexity regarding integration with existing systems and supplier onboarding is a major challenge to the growth of the global market. The challenge lies in the fact that each company has its own systems and suppliers, making it difficult to integrate software with all of them seamlessly. One of the main concerns is the complexity of compatibility issues. Existing systems may be using outdated technology, causing challenges when trying to install the latest procurement software. This issue requires changes to existing systems and further complicates the integration process.

Additionally, suppliers may have varying levels of technological capabilities. Some may not have the necessary resources or knowledge to integrate with a new software. This can lead to delays in onboarding suppliers, which can be a significant problem for organizations. Thus, such factors are expected to hinder the growth of the market during the forecast period.

Key Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Procurement Software Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Basware Corp.: The company offers procurement software, namely Basware e-Procurement. The company is involved in offering the services of procure to pay solutions, AP automation, e-procurement, and addition services such as supplier management, working capital, and payments.  

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • BirchStreet Systems Inc.
  • Coupa Software Inc.
  • Elcom System Ltd.
  • Enaviya Information Technology Pvt. Ltd.
  • Epicor Software Corp.
  • Ginni Systems Ltd.
  • International Business Machines Corp.
  • Ivalua Inc.
  • JAGGAER LLC
  • NB Ventures Inc.
  • Oracle Corp.
  • ORO Labs Inc.
  • SAP SE
  • ScienceSoft USA Corp.
  • SunSmart Technologies Pvt. Ltd.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Deployment Outlook (USD Million, 2017 - 2027)
    • Cloud
    • On-premises
  • End-user Outlook (USD Million, 2017 - 2027)
    • Retail and e-commerce
    • Healthcare and pharmaceuticals
    • Manufacturing and automotive
    • IT and telecom
    • BSFI
    • others
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market is witnessing rapid evolution driven by various factors and emerging technologies. Solutions like Oracle’s Cloud Self Service Procurement and eProcurement Software are revolutionizing traditional procurement processes through digitization and automation. Cloud Sourcing and Procure-to-Pay Suite are catering to the diverse needs of SMEs and large enterprises across industries such as retail, manufacturing, IT, oil & gas, and more. With the integration of Machine Learning, Robotic Process Automation, and blockchain technology, procurement software is enhancing supply chain planning, streamlining spending, and eliminating duplication of records. Despite challenges related to infrastructure and quality, recent developments like GEP SMART procurement software and CommBox AI omnichannel solution are expanding market scope and offering significant opportunities for brands to improve customer experiences and operational efficiency.

The Global Procurement Software Market encompasses a wide scope, driven by various factors such as funding and opportunities in Machine Learning (ML), Robotic Process Automation (RPA), and the Internet of Things (IoT). This market caters to diverse sectors including small & medium-sized enterprises, retail & e-commerce, manufacturing & automotive, IT & telecom, and energy & utilities. On-Cloud solutions play a significant role in enabling company-wise production capacity optimization, addressing major factors in the procurement process automation. While opportunities abound in this market, there are also restraints and challenges associated with transitioning from traditional and conventional systems to more advanced solutions. Customers across industries, including companies like Cheniere Energy Inc., are increasingly recognizing the value of procurement software in enhancing operational efficiency and cost-effectiveness. As such, the Global Procurement Software Market continues to evolve to meet the evolving needs of businesses worldwide.

Procurement Software Market Scope

Report Coverage

Details

Page number

176

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 10.2%

Market growth 2023-2027

USD 4.90 million

Market structure

Fragmented

YoY growth 2022-2023(%)

9.42

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 37%

Key countries

US, China, India, UK, and Germany

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Basware Corp., BirchStreet Systems Inc., Coupa Software Inc., Elcom System Ltd., Enaviya Information Technology Pvt. Ltd., Epicor Software Corp., Ginni Systems Ltd., Infor Inc., International Business Machines Corp., Ivalua Inc., JAGGAER LLC, Microsoft Corp., NB Ventures Inc., Oracle Corp., ORO Labs Inc., SAP SE, ScienceSoft USA Corp., SunSmart Technologies Pvt. Ltd., SutiSoft Inc., Tata Consultancy Services Ltd., Tropic Technologies Inc., Workday Inc., and Zycus Inc.

Market dynamics

Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global procurement software market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global procurement software market 2017 - 2021 ($ million)
    • 4.2 Deployment Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Deployment Segment 2017 - 2021 ($ million)
    • 4.3 End-user Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Deployment

    • 6.1 Market segments
      • Exhibit 30: Chart on Deployment - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Deployment - Market share 2022-2027 (%)
    • 6.2 Comparison by Deployment
      • Exhibit 32: Chart on Comparison by Deployment
      • Exhibit 33: Data Table on Comparison by Deployment
    • 6.3 Cloud - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Cloud - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Cloud - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Cloud - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Cloud - Year-over-year growth 2022-2027 (%)
    • 6.4 On-premises - Market size and forecast 2022-2027
      • Exhibit 38: Chart on On-premises - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on On-premises - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on On-premises - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on On-premises - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Deployment
      • Exhibit 42: Market opportunity by Deployment ($ million)
      • Exhibit 43: Data Table on Market opportunity by Deployment ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 46: Chart on Comparison by End-user
      • Exhibit 47: Data Table on Comparison by End-user
    • 7.3 Retail and e-commerce - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Retail and e-commerce - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Data Table on Retail and e-commerce - Market size and forecast 2022-2027 ($ million)
      • Exhibit 50: Chart on Retail and e-commerce - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Retail and e-commerce - Year-over-year growth 2022-2027 (%)
    • 7.4 Healthcare and pharmaceuticals - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Healthcare and pharmaceuticals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Healthcare and pharmaceuticals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Healthcare and pharmaceuticals - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Healthcare and pharmaceuticals - Year-over-year growth 2022-2027 (%)
    • 7.5 Manufacturing and automotive - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Manufacturing and automotive - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Manufacturing and automotive - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Manufacturing and automotive - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Manufacturing and automotive - Year-over-year growth 2022-2027 (%)
    • 7.6 IT and telecom - Market size and forecast 2022-2027
      • Exhibit 60: Chart on IT and telecom - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on IT and telecom - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on IT and telecom - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on IT and telecom - Year-over-year growth 2022-2027 (%)
    • 7.7 BSFI and others - Market size and forecast 2022-2027
      • Exhibit 64: Chart on BSFI and others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on BSFI and others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on BSFI and others - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on BSFI and others - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by End-user
      • Exhibit 68: Market opportunity by End-user ($ million)
      • Exhibit 69: Data Table on Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 UK - Market size and forecast 2022-2027
      • Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 China - Market size and forecast 2022-2027
      • Exhibit 107: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.12 India - Market size and forecast 2022-2027
      • Exhibit 111: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ million)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 Basware Corp.
              • Exhibit 123: Basware Corp. - Overview
              • Exhibit 124: Basware Corp. - Product / Service
              • Exhibit 125: Basware Corp. - Key news
              • Exhibit 126: Basware Corp. - Key offerings
            • 12.4 Coupa Software Inc.
              • Exhibit 127: Coupa Software Inc. - Overview
              • Exhibit 128: Coupa Software Inc. - Product / Service
              • Exhibit 129: Coupa Software Inc. - Key offerings
            • 12.5 Elcom System Ltd.
              • Exhibit 130: Elcom System Ltd. - Overview
              • Exhibit 131: Elcom System Ltd. - Product / Service
              • Exhibit 132: Elcom System Ltd. - Key offerings
            • 12.6 Epicor Software Corp.
              • Exhibit 133: Epicor Software Corp. - Overview
              • Exhibit 134: Epicor Software Corp. - Product / Service
              • Exhibit 135: Epicor Software Corp. - Key offerings
            • 12.7 Ginni Systems Ltd.
              • Exhibit 136: Ginni Systems Ltd. - Overview
              • Exhibit 137: Ginni Systems Ltd. - Product / Service
              • Exhibit 138: Ginni Systems Ltd. - Key offerings
            • 12.8 Infor Inc.
              • Exhibit 139: Infor Inc. - Overview
              • Exhibit 140: Infor Inc. - Product / Service
              • Exhibit 141: Infor Inc. - Key news
              • Exhibit 142: Infor Inc. - Key offerings
            • 12.9 International Business Machines Corp.
              • Exhibit 143: International Business Machines Corp. - Overview
              • Exhibit 144: International Business Machines Corp. - Business segments
              • Exhibit 145: International Business Machines Corp. - Key news
              • Exhibit 146: International Business Machines Corp. - Key offerings
              • Exhibit 147: International Business Machines Corp. - Segment focus
            • 12.10 Ivalua Inc.
              • Exhibit 148: Ivalua Inc. - Overview
              • Exhibit 149: Ivalua Inc. - Product / Service
              • Exhibit 150: Ivalua Inc. - Key offerings
            • 12.11 JAGGAER LLC
              • Exhibit 151: JAGGAER LLC - Overview
              • Exhibit 152: JAGGAER LLC - Product / Service
              • Exhibit 153: JAGGAER LLC - Key offerings
            • 12.12 Microsoft Corp.
              • Exhibit 154: Microsoft Corp. - Overview
              • Exhibit 155: Microsoft Corp. - Business segments
              • Exhibit 156: Microsoft Corp. - Key news
              • Exhibit 157: Microsoft Corp. - Key offerings
              • Exhibit 158: Microsoft Corp. - Segment focus
            • 12.13 Oracle Corp.
              • Exhibit 159: Oracle Corp. - Overview
              • Exhibit 160: Oracle Corp. - Business segments
              • Exhibit 161: Oracle Corp. - Key news
              • Exhibit 162: Oracle Corp. - Key offerings
              • Exhibit 163: Oracle Corp. - Segment focus
            • 12.14 SAP SE
              • Exhibit 164: SAP SE - Overview
              • Exhibit 165: SAP SE - Business segments
              • Exhibit 166: SAP SE - Key news
              • Exhibit 167: SAP SE - Key offerings
              • Exhibit 168: SAP SE - Segment focus
            • 12.15 SunSmart Technologies Pvt. Ltd.
              • Exhibit 169: SunSmart Technologies Pvt. Ltd. - Overview
              • Exhibit 170: SunSmart Technologies Pvt. Ltd. - Product / Service
              • Exhibit 171: SunSmart Technologies Pvt. Ltd. - Key offerings
            • 12.16 Tata Consultancy Services Ltd.
              • Exhibit 172: Tata Consultancy Services Ltd. - Overview
              • Exhibit 173: Tata Consultancy Services Ltd. - Business segments
              • Exhibit 174: Tata Consultancy Services Ltd. - Key news
              • Exhibit 175: Tata Consultancy Services Ltd. - Key offerings
              • Exhibit 176: Tata Consultancy Services Ltd. - Segment focus
            • 12.17 Zycus Inc.
              • Exhibit 177: Zycus Inc. - Overview
              • Exhibit 178: Zycus Inc. - Product / Service
              • Exhibit 179: Zycus Inc. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 180: Inclusions checklist
                • Exhibit 181: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 182: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 183: Research methodology
                • Exhibit 184: Validation techniques employed for market sizing
                • Exhibit 185: Information sources
              • 13.5 List of abbreviations
                • Exhibit 186: List of abbreviations

              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.

              INFORMATION SOURCES

              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 ANALYSIS

              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

              REPORT WRITING

              Qualitative

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

              Quantitative

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

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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