Procurement Expenditure by Product and Service Category in the Mining Industry - 2012-2013 : Survey Snapshot
- Published: June 2012
TechNavio’s analysts forecast the Global Procurement Applications market to grow at a CAGR of 9.8 percent over the period 2011–2015. One of the key factors contributing to this market growth is the need to consolidate and enhance the purchasing process. The Global Procurement Applications market has also been witnessing the emergence of reverse auctions. However, lack of internal cross-functional collaboration and visibility could pose a challenge to the growth of this market.
TechNavio’s report, the Global Procurement Applications Market 2011–2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Procurement Applications market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors dominating this market space include Ariba Inc., Basware Corp., Oracle Corp., and SAP AG.
Key questions answered in this report:
What will the market size be in 2015 and at what rate will it grow?
What key trends is this market subject to?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the opportunities and threats faced by each of these key vendors?
What are the strengths and weaknesses of each of these key vendors?
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01. Executive Summary
03. Market Coverage
04. Market Landscape
05. Geographical Segmentation
06. Key Leading Countries
07. Vendor Landscape
08. Buying Criteria
09. Market Growth Drivers
10. Drivers and their Impact
11. Market Challenges
12. Impact of Drivers and Challenges
13. Market Trends
14. Key Vendor Analysis
14.1 Ariba Inc.
14.2 Basware Corp.
14.3 Oracle Corp.
14.4 SAP AG
15. Other Reports in this Series
List of Exhibits:
Exhibit 1: Global Procurement Applications Market 2011-2015 (US$ billion)
Exhibit 2: Global Procurement Applications Market by Business Size 2011
Exhibit 3: Global Procurement Applications Market by Geographical Segmentation 2011
TechNavio Announces the Publication of its Report – Global Procurement Applications Market 2011–2015
TechNavio today launched its report Global Procurement Applications Market 2011–2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Enterprise Applications team said, “A software-as-a-service (SaaS)-based application offers various benefits to organizations such as low initial cost because it reduces the capital outflow required to set up an application on premises. SaaS-based procurement software provides control over the purchasing process to enhance business operations through a flexible and low-cost business model. SaaS-based procurement software providers provide customers with network-based access to procurement applications, which is designed exclusively for SaaS distribution. Consequently, it removes the need for time-consuming patches and updates in procurement software.”
According to the report, one of the main trends in the Global Procurement Applications market is the increasing adoption of procurement applications in government agencies. With these applications, several government agencies have been able to purchase goods and services much more rapidly and cost effectively. Procurement software provides government agencies with an easy and effective way to select the most qualified supplier among a number of suppliers.
Further, the report also discusses that the constant need to train employees is one of the main reasons for companies not opting for procurement applications.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.