Global Procurement Software Market 2015-2019 - Key Vendors are Basware, Oracle, SAP & SciQuest

Dec 09, 2015, 17:10 ET from Research and Markets

DUBLIN, Dec. 09, 2015 /PRNewswire/ --

Research and Markets ( has announced the addition of the "Global Procurement Software Market 2015-2019" report to their offering.

Organizations use advanced sourcing applications to reduce supply chain costs by cutting down expenditure on goods and services, and streamlining procure-to-pay processes. With the evolution of technologies such as smartphones, vendors are learning to exploit reverse actions to counter competitors in the market. Moreover, mobile applications have created new opportunities to capture sourcing opportunities.

The majority of software vendors are developing features after filtering the common qualifiers, thus maintaining a balance with the reverse action. Users are adopting more of these sourcing applications to evaluate suppliers against preset criteria.

According to this report, the global procurement software market is witnessing a significant growth phase, and it is likely to post a CAGR of over 10% by 2019.

According to the report, global expansion has led to distance between customers and vendors, increasing lead-time and resulting in disruption of product delivery. Organizations are facing cultural and language barriers, which are causing delays. Such organizations are willing to adopt software that can improve order fulfillment rates and improve operational efficiency. Therefore, organizations have started using procurement software to help in automating procurement, vendor selection, and order fulfillment.

Further, the report states that the inability of departments to co-operate with each other decreases visibility of operations and leads to poor results.

Key questions answered in the report:

  • What are the key factors driving the global procurement market?
  • What are the key Market trends?impacting the growth of the global procurement market?
  • What are the various opportunities and threats faced by the vendors in the global procurement market?
  • Trending factors influencing the market shares for EMEA, APAC, and Americas?
  • Key outcome of the five forces analysis on the global procurement market?
  • Growth forecast of the global procurement market until 2019?

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market description

PART 06: Market landscape

PART 07: Geographical segmentation

PART 08: Key leading countries

PART 09: Market drivers

PART 10: Impact of drivers

PART 11: Market challenges

PART 12: Impact of drivers and challenges

PART 13: Market trends

PART 14: Vendor landscape

PART 15: Key vendor analysis

  • Basware
  • Oracle
  • SAP (Ariba)
  • SciQuest

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SOURCE Research and Markets