Global Sourcing Software Market 2017-2021

  • ID: 4070531
  • Report
  • Region: Global
  • 66 pages
  • TechNavio
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FEATURED COMPANIES

  • Capgemini
  • Determine
  • ESM Solutions
  • IBM
  • SAP
  • Winddle
  • MORE
Sourcing is the process of locating sources of goods and services of a company. It is a component of the procurement process. In procurement, major focus will be on the logistics of acquiring materials, whereas in sourcing the focus is to find the best and cost-effective suppliers for the resources. Since the profit of a business can rely heavily on finding the best possible sources, sourcing plays a vital role in the procurement process and in the overall supply chain management process.

The analysts forecast the global sourcing software market to grow at a CAGR of 8.19% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global sourcing software market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of sourcing software globally.

The market is divided into the following segments based on geography:

- Americas
- APAC
- EMEA

The report, Global Sourcing Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Capgemini
- Coupa Software
- IBM
- SAP
- sciQuest

Other prominent vendors
- ClearTrack Information Network
- Determine
- eBid Systems
- ESM Solutions
- GEP
- Market Dojo
- Winddle
- Xeeva
- Zycus

Market drivers
- Increased need for cost reduction in the sourcing process
- For a full, detailed list, view the full report

Market challenges
- Dynamic sourcing service requirements
- For a full, detailed list, view the full report

Market trends
- Emergence of mobile sourcing technology
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Capgemini
  • Determine
  • ESM Solutions
  • IBM
  • SAP
  • Winddle
  • MORE
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: About the Author

List of Exhibits

Exhibit 01: Components of procurement
Exhibit 02: Sourcing life cycle
Exhibit 03: Global sourcing software market 2016-2021 ($ millions)
Exhibit 04: Five forces model
Exhibit 05: Global sourcing software market by end-user 2016
Exhibit 06: Global sourcing software market by manufacturing sector 2016-2021 ($ millions)
Exhibit 07: Global sourcing software market by retail sector 2016-2021 ($ millions)
Exhibit 08: Global sourcing software market by IT and telecom sectors 2016-2021 ($ millions)
Exhibit 09: Global sourcing software market by healthcare sector 2016-2021 ($ millions)
Exhibit 10: Global sourcing software market by others sector 2016-2021 ($ millions)
Exhibit 11: Global sourcing software market by geography 2016
Exhibit 12: Sourcing software market in Americas 2016-2021 ($ millions)
Exhibit 13: Sourcing software market in EMEA 2016-2021 ($ millions)
Exhibit 14: Sourcing software market in APAC 2016-2021 ($ millions)
Exhibit 15: Strategic factors behind adoption of sourcing software
Exhibit 16: Advantages of sourcing software in indirect procurement process
Exhibit 17: Automation in sourcing process
Exhibit 18: Impact of drivers
Exhibit 19: Impact of drivers
Exhibit 20: Impact of drivers and challenges
Exhibit 21: Sourcing analytics value chain
Exhibit 22: Differentiating factors for vendors
Exhibit 23: Product offerings
Exhibit 24: Other prominent vendors
Exhibit 25: Assumptions
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FEATURED COMPANIES

  • Capgemini
  • Determine
  • ESM Solutions
  • IBM
  • SAP
  • Winddle
  • MORE
New Report Released: - Global Sourcing Software Market 2017-2021

The author of the report recognizes the following companies as the key players in the global sourcing software market: Capgemini, Coupa Software, IBM, SAP, and sciQuest.

Other Prominent Vendors in the market are: ClearTrack Information Network, Determine, eBid Systems, ESM Solutions, GEP, Market Dojo, Winddle, Xeeva, and Zycus.

Commenting on the report, an analyst from the research team said: “Mobile technology is one of the most important trends in the market. Mobile solutions are widely being implemented in organizations to manage end-to-end sourcing process. Firms are implementing a mobile first strategy to manage sourcing process and to bring mobility in their transactional process. Mobile applications built for sourcing in organizations enhance decision-making process for procurement professionals in organizations. The added functionality in mobile applications helps procurement professionals to communicate effectively with suppliers on a real-time basis. Mobile applications also store data related to invoices in the mobile devices, such as smartphones and tablets, which can be transferred to the concerned business units during the sourcing process.”

According to the report, cost reduction is one of the important reasons behind the adoption of sourcing software in organizations. Procurement managers are facing challenges in the effective management of sourcing process due to increasing complexities and manual errors in the supply chain systems. Sourcing software helps organizations by efficiently engaging suppliers in competitive bidding events, driving down sourcing costs, and diversifying the supply chain. It also reduces the sourcing lead time by saving weeks in the cycle to complete the procurement of goods and services. The sourcing software automates the sourcing processes by strategically sourcing goods and services and using faster online bidding with their chosen suppliers. With automation, sourcing organizations can reduce manual tasks, and ultimately, increase savings.

Further, the report states that while implementing sourcing software in an organization, its challenging to integrate sourcing software with other software such as ERP, supply chain management, procurement, and CRM. Procurement professionals require domain expertise for implementing the complex sourcing software. Specialized skill sets are required for handling new projects and change management. It is essential to have process expertise, infrastructure, and systems to provide quality services to clients. The vendors should be equipped with technical competence, tools, and expert resources to implement sourcing solutions accurately for their clients. The clients may be using legacy systems for procurement management systems. These legacy systems have different system configurations that create complexities to make the device interoperable. Supply chain management IT solutions are implemented to reduce the complexities of the distribution system and to reduce the cost. Technical glitches during system integration and interoperability issues in the sourcing software can lead to business discontinuity, which will hamper the business performance of clients.

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 vendors.
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  • Capgemini
  • Coupa Software
  • IBM
  • SAP
  • sciQuest
  • ClearTrack Information Network
  • Determine
  • eBid Systems
  • ESM Solutions
  • GEP
  • Market Dojo
  • Winddle
  • Xeeva
  • Zycus
Note: Product cover images may vary from those shown
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