HOME Top Market Reports Retail Sourcing and Procurement Market by Solution (Strategic Sourcing, Supplier Management, Contract Management, Procure-to-Pay, and Spend Analysis), Service (Implementation, Training, Consulting), Deployment, User and Region - Global Forecast to 2021

Retail Sourcing and Procurement Market by Solution (Strategic Sourcing, Supplier Management, Contract Management, Procure-to-Pay, and Spend Analysis), Service (Implementation, Training, Consulting), Deployment, User and Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: May 2016
Report Code: TC 4277

 

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The retail sourcing and procurement market size is estimated to grow from USD 2.58 Billion in 2016 to USD 4.83 Billion by 2021, at a CAGR of 13.4%. A sourcing and procurement solution for a retail industry allows an organization to automate spend management activities and improve the efficiency of procure-to-pay processes. The report aims at estimating the market size and future growth potential of the market across various segments such as solutions, services, deployment types, user types, and regions. The base year considered for the study is 2015 and the forecast period has been considered from 2016 to 2021. The need for better visibility in sourcing related data and the centralization of procurement processes are the important driving factors for the market.

The research methodology used to estimate and forecast the retail sourcing and procurement market begins with the collection and analysis of data on key vendor revenues through secondary research. The vendors’ product and solution offerings are also analyzed to determine the market segmentation. The bottom-up procedure is used to arrive at the total market size of the global market from the revenue of key players in the market. After estimating the total market size, it is split into the segments and subsegments which are then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the accurate statistics for all segments and subsegments. The breakdown of profiles of primaries is depicted in the below figure:

Retail Sourcing and Procurement Market

To know about the assumptions considered for the study, download the pdf brochure

The retail sourcing and procurement ecosystem comprises solution providers, such as SAP, IBM, Zycus, Vroozi, Cegid, Group, GEP, Tradogram, Ivalua, GT Nexus, and Infor; service providers, such as Bristlecone, SAP, IBM, LogicSource, and Perfect Commerce; and cloud service providers such as SciQuest, Zycus, Determine Software, GEP, IBM, Coupa, and Basware, to provide complete retail sourcing and procurement solutions to end users so as to cater to their unique business requirements.

Target Audience

  • Sourcing and procurement solution providers
  • Cloud service providers
  • Professional service providers
  • Customer Relationship Management (CRM)/Enterprise Resource Planning (ERP) solution providers
  • System integrators
  • Government organizations
  • Regulatory bodies
  • Consulting firms
  • Software solution developers
  • Retailers

Scope of the Report

The research report segments the retail sourcing and procurement market into the following segments:

By Solution:

  • Strategic sourcing
  • Supplier management
  • Contract management
  • Procure-to-pay
  • Spend analysis

By Service:

  • Implementation
  • Training and support
  • Consulting

By Deployment Type:

  • Cloud
  • On-Premises

By User Type:

  • Small and Medium Enterprise (SME)
  • Large Enterprise

By Region:

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix which gives a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further breakdown of the European market
  • Further breakdown of the APAC market
  • Further breakdown of the MEA market
  • Further breakdown of the Latin American market

Company Information

  • Detailed analysis and profiling of additional Retail Sourcing and Procurement market players

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Market Opportunities in the Retail Sourcing and Procurement Market
    4.2 Retail Sourcing and Procurement Market: Top Three Solutions
    4.3 Global Market, By Region and Service
    4.4 Market Potential
    4.5 Retail Sourcing and Procurement User Type Market (2021)
    4.6 Market, By Solution (2016–2021)
    4.7 Retail Sourcing and Procurement Regional Market
    4.8 Solutions Growth Matrix
    4.9 Lifecycle Analysis, By Region, 2016

5 Retail Sourcing and Procurement Market: Overview (Page No. - 38)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Solution
           5.3.2 By Service
           5.3.3 By Deployment Type
           5.3.4 By User Type
           5.3.5 By Region
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Need for Better Visibility in Sourcing Related Data
                    5.4.1.2 Centralization of Procurement Processes
                    5.4.1.3 Improved Collaboration Between Suppliers and Vendors
                    5.4.1.4 Need to Better Manage Internal Compliance to Contracts
           5.4.2 Restraints
                    5.4.2.1 Reluctance to Adopt New Technology
                    5.4.2.2 Inability to Manage Costs
           5.4.3 Opportunities
                    5.4.3.1 Evolving Potential Markets
                    5.4.3.2 Growth of Mobile Applications
                    5.4.3.3 Growing Partnerships Among Major Vendors
           5.4.4 Challenges
                    5.4.4.1 Inappropriate Management of Invoice and Payables
                    5.4.4.2 Need to Conform to Mandatory Protocols
           5.4.5 Burning Issue
                    5.4.5.1 Inability to Manage Supplier Efficiently

6 Retail Sourcing and Procurement Market: Industry Trends (Page No. - 48)
    6.1 Introduction
    6.2 Retail Sourcing and Procurement Architecture
    6.3 Value Chain Analysis
    6.4 Industry Standards and Regulations
           6.4.1 Introduction
           6.4.2 Public Procurement Act
           6.4.3 Public Works and Procurement Act
    6.5 Strategic Benchmarking
    6.6 Innovation Spotlight

7 Retail Sourcing and Procurement Market Analysis, By Solution (Page No. - 53)
    7.1 Introduction
    7.2 Strategic Sourcing
    7.3 Supplier Management
    7.4 Contract Management
    7.5 Procure-To-Pay
    7.6 Spend Analysis

8 Retail Sourcing and Procurement Market Analysis, By Service (Page No. - 62)
    8.1 Introduction
    8.2 Implementation
    8.3 Training and Support
    8.4 Consulting

9 Retail Sourcing and Procurement Market Analysis, By Deployment Type (Page No. - 69)
    9.1 Introduction
    9.2 Cloud
    9.3 On-Premises

10 Retail Sourcing and Procurement Market Analysis, By User Type (Page No. - 74)
     10.1 Introduction
     10.2 Small and Medium-Sized Enterprise
     10.3 Large Enterprise

11 Geographic Analysis (Page No. - 81)
     11.1 Introduction
     11.2 North America
             11.2.1 United States
             11.2.2 Canada
     11.3 Europe
     11.4 Asia-Pacific
     11.5 Middle East and Africa
     11.6 Latin America

12 Competitive Landscape (Page No. - 103)
     12.1 Overview
     12.2 Product Portfolio Comparison
     12.3 Competitive Situation and Trends
             12.3.1 New Product Launches
             12.3.2 Partnerships, Agreements, and Collaborations
             12.3.3 Mergers and Acquisitions
             12.3.4 Expansions

13 Company Profiles (Page No. - 111)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     13.1 Introduction
     13.2 SAP SE
     13.3 Oracle Corporation
     13.4 IBM Corporation
     13.5 Epicor Software Corporation
     13.6 JDA Software Group
     13.7 Sciquest
     13.8 GT Nexus
     13.9 Zycus
     13.10 Proactis
     13.11 Ivalua

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

14 Key Innovators (Page No. - 138)
     14.1 Tradogram
             14.1.1 Business Overview
             14.1.2 Strategies and Insights
     14.2 GEP
             14.2.1 Business Overview
             14.2.2 Strategies and Insights
     14.3 Vroozi
             14.3.1 Business Overview
             14.3.2 Strategies and Insights
     14.4 Cegid
             14.4.1 Business Overview

15 Appendix (Page No. - 142)
     15.1 Industry Excerpts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Introducing RT: Real-Time Market Intelligence
     15.5 Available Customizations
     15.6 Related Reports


List of Tables (70 Tables)

Table 1 Global Market Size and Growth Rate, 2014–2021 (USD Million, Y-O-Y %)
Table 2 Global Market Size, By Component, 2014–2021 (USD Million)
Table 3 Retail Sourcing and Procurement Market Size, By Solution, 2014–2021 (USD Million)
Table 4 Strategic Sourcing: Market Size, By User Type, 2014–2021 (USD Million)
Table 5 Strategic Sourcing: Market Size, By Region, 2014–2021 (USD Million)
Table 6 Supplier Management: Market Size, By User Type, 2014–2021 (USD Million)
Table 7 Supplier Management: Market Size, By Region, 2014–2021 (USD Million)
Table 8 Contract Management: Market Size, By Region, 2014–2021 (USD Million)
Table 9 Contract Management: Market Size, By Region, 2014–2021 (USD Million)
Table 10 Procure-To-Pay: Market Size, By User Type, 2014–2021 (USD Million)
Table 11 Procure-To-Pay: Market Size, By Region, 2014–2021 (USD Million)
Table 12 Spend Analysis: Market Size, By User Type, 2014–2021 (USD Million)
Table 13 Spend Analysis: Market Size, By Region, 2014–2021 (USD Million)
Table 14 Retail Sourcing and Procurement Market Size, By Service, 2014–2021 (USD Million)
Table 15 Implementation: Market Size, By User Type, 2014–2021 (USD Million)
Table 16 Implementation: Market Size, By Region, 2014–2021 (USD Million)
Table 17 Training and Support: Market Size, By User Type, 2014–2021 (USD Million)
Table 18 Training and Support: Market Size, By Region, 2014–2021 (USD Million)
Table 19 Consulting: Market Size, By User Type, 2014–2021 (USD Million)
Table 20 Consulting: Market Size, By Region, 2014–2021 (USD Million)
Table 21 Retail Sourcing and Procurement Market Size, By Deployment Type, 2014–2021 (USD Million)
Table 22 Cloud: Market Size, By Region, 2014–2021 (USD Million)
Table 23 On-Premises: Market Size, By Region, 2014–2021 (USD Million)
Table 24 Market Size, By User Type, 2014–2021 (USD Million)
Table 25 Small and Medium Enterprises: Market Size, By Solution, 2014–2021 (USD Million)
Table 26 Small and Medium Enterprises: Market Size, By Service, 2014–2021 (USD Million)
Table 27 Small and Medium Enterprises: Market Size, By Region, 2014–2021 (USD Million)
Table 28 Large Enterprise: Market Size, By Solution, 2014–2021 (USD Million)
Table 29 Large Enterprise: Market Size, By Service, 2014–2021 (USD Million)
Table 30 Large Enterprise: Market Size, By Region, 2014–2021 (USD Million)
Table 31 Retail Sourcing and Procurement Market Size, By Region, 2014–2021 (USD Million)
Table 32 North America: Market Size, By Component, 2014–2021 (Us Million)
Table 33 North America: Market Size, By Solution, 2014–2021 (USD Million)
Table 34 North America: Market Size, By Service, 2014–2021 (USD Million)
Table 35 North America: Market Size, By User Type, 2014–2021 (USD Million)
Table 36 North America: Market Size, By Deployment Type, 2014–2021 (USD Million)
Table 37 U.S.: Market Size, By Component, 2014–2021 (Us Million)
Table 38 U.S.: Market Size, By Solution, 2014–2021 (USD Million)
Table 39 U.S.: Market Size, By Service, 2014–2021 (USD Million)
Table 40 U.S.: Market Size, By User Type, 2014–2021 (USD Million)
Table 41 U.S.: Market Size, By Deployment Type, 2014–2021 (USD Million)
Table 42 Canada: Retail Sourcing and Procurement Market Size, By Component, 2014–2021 (Us Million)
Table 43 Canada: Market Size, By Solution, 2014–2021 (USD Million)
Table 44 Canada: Market Size, By Service, 2014–2021 (USD Million)
Table 45 Canada: Market Size, By User Type, 2014–2021 (USD Million)
Table 46 Canada: Market Size, By Deployment Type, 2014–2021 (USD Million)
Table 47 Europe: Retail Sourcing and Procurement Market Size, By Component, 2014–2021 (Us Million)
Table 48 Europe: Market Size, By Solution, 2014–2021 (USD Million)
Table 49 Europe: Market Size, By Service, 2014–2021 (USD Million)
Table 50 Europe: Market Size, By User Type, 2014–2021 (USD Million)
Table 51 Europe: Market Size, By Deployment Type, 2014–2021 (USD Million)
Table 52 Asia-Pacific: Retail Sourcing and Procurement Market Size, By Component, 2014–2021 (Us Million)
Table 53 Asia-Pacific: Market Size, By Solution, 2014–2021 (USD Million)
Table 54 Asia-Pacific: Market Size, By Service, 2014–2021 (USD Million)
Table 55 Asia-Pacific: Market Size, By User Type, 2014–2021 (USD Million)
Table 56 Asia-Pacific: Market Size, By Deployment Type, 2014–2021 (USD Million)
Table 57 Middle East and Africa: Market Size, By Component, 2014–2021 (Us Million)
Table 58 Middle East and Africa : Market Size, By Solution, 2014–2021 (USD Million)
Table 59 Middle East and Africa: Market Size, By Service, 2014–2021 (USD Million)
Table 60 Middle East and Africa: Market Size, By User Type, 2014–2021 (USD Million)
Table 61 Middle East and Africa: Market Size, By Deployment Type, 2014–2021 (USD Million)
Table 62 Latin America: Retail Sourcing and Procurement Market Size, By Component, 2014–2021 (Us Million)
Table 63 Latin America : Market Size, By Solution, 2014–2021 (USD Million)
Table 64 Latin America: Market Size, By Service, 2014–2021 (USD Million)
Table 65 Latin America : Market Size, By User Type, 2014–2021 (USD Million)
Table 66 Latin America: Market Size, By Deployment Type, 2014–2021 (USD Million)
Table 67 New Product Launches, 2013–2016
Table 68 Partnerships, Agreements, and Collaborations, 2013–2016
Table 69 Mergers and Acquisitions, 2013–2016
Table 70 Expansions, 2014–2015


List of Figures (66 Figures)

Figure 1 Markets Covered
Figure 2 Retail Sourcing and Procurement: Research Design
Figure 3 Breakdown of Primaries: By Company Type, Designation, and Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Component Snapshot (2016–2021): the Market for Solution is Expected to Double During the Forecast Period
Figure 8 Deployment Type Snapshot (2016–2021): On-Premises Deployment Type is Expected to Dominate the Retail Sourcing and Procurement Market
Figure 9 User Type Snapshot (2016–2021): Large Enterprises Segment is Expected to Dominate the Retail Sourcing and Procurement Market
Figure 10 North America is Estimated to Hold the Largest Market Share in 2016
Figure 11 Centralization of Procurement Processes is Driving the Market
Figure 12 Procure-To-Pay is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 13 North America is Expected to Hold the Largest Market Share Among All Regions in the Retail Sourcing and Procurement Market
Figure 14 Asia-Pacific is Expected to Have the Highest Market Growth Potential Till 2021
Figure 15 Large Enterprise User Segment is Expected to Dominate the Market in 2021
Figure 16 Top Two Solutions are Estimated to Account for More Than One-Fourth of the Retail Sourcing and Procurement Market During the Forecast Period
Figure 17 Market in Asia-Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 18 Retail Sourcing and Procurement Market Growth Matrix, By Solution
Figure 19 Regional Lifecycle: Asia-Pacific is Expected to Be in the Growth Phase in 2016
Figure 20 Strategic Sourcing is Expected to Play A Crucial Role in the Retail Sourcing and Procurement Market
Figure 21 Retail Sourcing and Procurement Market Segmentation
Figure 22 Market Segmentation: By Solutions
Figure 23 Market Segmentation: By Service
Figure 24 Market Segmentation: By Deployment Type
Figure 25 Market Segmentation: By User Type
Figure 26 Market Segmentation: By Region
Figure 27 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 28 Retail Sourcing and Procurement Architecture
Figure 29 Value Chain Analysis: Retail Sourcing and Procurement Market
Figure 30 Strategic Benchmarking – Key Technology Integration
Figure 31 Procure-To-Pay to Lead in the Solutions Segment During the Forecast Period
Figure 32 Contract Management Expected to Grow at the Highest CAGR in Asia-Pacific
Figure 33 Spend Analysis Solution is Expected to Grow at the Highest CAGR in Asia-Pacific
Figure 34 Consulting Services to Grow at the Highest CAGR During the Forecast Period
Figure 35 Training and Support Services to Grow at the Highest CAGR in Asia-Pacific
Figure 36 On-Premises is Expected to Be the Highest Contributor in Terms of Market Size for the Deployment Type Segment
Figure 37 Cloud Deployment is Expected to Grow at the Highest CAGR in Asia-Pacific
Figure 38 On-Premises Deployment is Expected to Grow at the Highest CAGR in Latin America
Figure 39 Small and Medium Enterprises User Segment is Expected to Exhibit the Highest Growth Rate During the Forecast Period
Figure 40 Small and Medium Enterprises Segment is Expected to Grow at the Highest CAGR in Asia-Pacific
Figure 41 Large Enterprise User Segment is Expected to Experience A High Growth Rate in the Latin American Region
Figure 42 Geographic Snapshot: Asia-Pacific Emerging as A New Hotspot
Figure 43 Asia-Pacific: an Attractive Destination for Solutions
Figure 44 Geographic Snapshot (2016-2021): Asia-Pacific and Latin America are Attractive Destinations for the Retail Sourcing and Procurement Market
Figure 45 North America: Market Snapshot
Figure 46 U.S.: Market Snapshot
Figure 47 Canada: Market Snapshot
Figure 48 Europe: Market Snapshot
Figure 49 Asia-Pacific: Market Snapshot
Figure 50 Asia-Pacific is Expected to Grow at the Highest CAGR in Retail Sourcing and Procurement Market
Figure 51 Companies Adopted New Product Launch as the Key Growth Strategy Between 2013 and 2016
Figure 52 Vendor Product Portfolio Comparison
Figure 53 Market Evaluation Framework
Figure 54 Battle for Market Share: New Product Launches and Partnerships Were the Key Strategies
Figure 55 Geographic Revenue Mix of Top 4 Market Players
Figure 56 SAP SE: Company Snapshot
Figure 57 SAP SE: SWOT Analysis
Figure 58 Oracle Corporation: Company Snapshot
Figure 59 Oracle Corporation: SWOT Analysis
Figure 60 IBM Corporation: Company Snapshot
Figure 61 IBM: SWOT Analysis
Figure 62 Epicor Software Corporation: Company Snapshot
Figure 63 Epicor Software Corporation: SWOT Analysis
Figure 64 JDA Software Group: SWOT Analysis
Figure 65 Sciquest: Company Snapshot
Figure 66 Proactis: Company Snapshot

The global market is expected to grow from USD 2.58 Billion in 2016 to USD 4.83 Billion by 2021, at a CAGR of 13.4%. Factors such as the need for better visibility in sourcing related data and centralization of procurement processes are expected to encourage the growth of this market.

In the retail sourcing and procurement market, training and support is the fastest growing service segment for the small and medium enterprises. This segment is expected to grow as the customers require specialized instructors who can carry out project executions with excellence. Moreover, training services are also offered through dedicated training centers that offer eLearning courses for managers, developers, and implementation teams. The training and support service team allows retail organizations to utilize the software for maximum profits, and ensures application training segments and sourcing governance programs are applied to augment the sourcing and procurement initiatives.

Presently, the retail sourcing and procurement market is growing progressively with constant technological advancements. The retail sector is increasingly using sourcing and procurement solutions to automate their sourcing and procurement processes, such as procure-to-pay and spend analysis, which are among the largest revenue contributors to the market.

Sourcing and procurement cloud service providers such as Zycus, Basware, Perfect Commerce, Coupa, GEP, SciQuest, Determine Software, and Intengo play a vital role in Retail Sourcing and Procurement Market as they provide modern user experience, enabling organizations to reduce cost and integrate with a web-based, on-demand solution that requires no investment in infrastructure. The retail sourcing and procurement ecosystem consists of various stakeholders, including solution providers, system integrators, third-party vendors, cloud service providers, application developers, professional service providers, and retailers. These stakeholders play an important role in the significant growth of the market by providing the desired technologies, networks, and applications.

Retail Sourcing and Procurement Market

Among the regions, North America is projected to hold the largest market share and is expected to dominate the retail sourcing and procurement market from 2016 to 2021. The factors supplementing the growth of this market are the strong collaboration between retail organizations and suppliers and centralization of procurement processes. The market in Asia-Pacific is expected to show a significant growth potential in the years to come. This extensive growth is owing to the need for sourcing and category expertise and strong demand to build better supplier relationships and enhanced purchasing experience.

In the years to come, it is expected that the Retail Sourcing and Procurement Market will grow substantially with the advancements in enterprise mobility, along with the upsurge in mobile procurement solutions. However, reluctance to adopt new technology and inappropriate management of invoice and payables are likely to inhibit the growth of this market.

The major vendors in the retail sourcing and procurement market include Oracle Corporation, IBM Corporation, SAP, Ivalua, Zycus, GT Nexus, Epicor Software Corporation, SciQuest, PROACTIS, Tradogram, GEP, and Vroozi. New product launches and partnerships are the key strategies adopted by these players to expand their global footprints. Leading players in this market, such as SAP SE, IBM, and SAP Ariba are expansively extending their product portfolio through innovation and by adapting to changes prevalent in the business ecosystem such as mobility, big data, cloud, and analytics. The acquisitions of various prominent players help SAP SE, Oracle, and IBM in enhancing their product portfolio and increasing their customer base. For instance, in December 2014, SAP SE acquired Concur Technologies to advance its business development strategy to develop a new model for business resources, processes, and spend analysis.

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