Press release
Procurement Software Market Comprehensive Analysis by 2027 - Precoro, ProcurementExpress.com, Procurify, SAP SE
The Insight Partners
Procurement software is the software that automates the purchasing function of the organizations. Due to the consolidation of supply chain management which decreased the overall complexity of the process that increases the demand for procurement software. Growing automation of the procurement process to reduce the complexity and gives transparent information within the enterprises is driving the growth of the procurement software market.
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Procurement software reduces the external costs, increasing the productivity, spending controls, increase process efficiencies, electronic requests for information (e-RFI), generates electronic requests for proposal (e-RFP), and electronic requests for quotation (e-RFQ). Additionally, e-procurement helps in reducing the complete procurement life cycle. Thus, the rising adoption of this software which propels the growth of the procurement software market. The emergence of eProcurement technology along with the rising need for the automation of procurement processes is expected to drive the procurement software market growth during the forecast period.
The global procurement software market is segmented on the basis of deployment type, enterprise size, end-user. On the basis of deployment type the market is segmented as cloud, on-premise. On the basis of enterprise size the market is segmented as small and medium-size enterprises, large enterprises. On the basis of end-user the market is segmented as manufacturing, retail, automotive, travel and logistics, electronics, IT and telecom, others.
Top Listed Companies in Procurement Software Market are-
- Basware
- BuyerQuest Holdings Inc.
- Coupa Software Inc.
- Epicor Software Corporation
- Oracle Corporation
- Precoro Inc.
- ProcurementExpress.com
- Procurify
- SAP SE
- Tradeshift Inc.
The "Global Procurement Software Market Analysis to 2027" is a specialized and in-depth study of the Procurement software industry with a special focus on the global market trend analysis. The report aims to provide an overview Procurement software market with detailed market segmentation by deployment type, enterprise size, end-user, and geography. The global procurement software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading procurement software market players and offers key trends and opportunities in the procurement software market.
Procurement Software Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America
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