Retail Sourcing and Procurement Market

Retail Sourcing and Procurement Market worth 4.83 Billion USD by 2021

The report "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", is estimated to grow from USD 2.58 Billion in 2016 to USD 4.83 Billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 13.4% from 2016 to 2021. The need for better visibility in sourcing related data and centralization of procurement processes are the important driving factors fueling the growth of the retail sourcing and procurement market.

     Download PDF Brochure     Speak to Analyst     Inquiry Before Buying

Browse 70 market data Tables and 66 Figures spread through 148 Pages and in-depth TOC on "Retail Sourcing and Procurement Market - Global Forecast to 2021"
https://www.marketsandmarkets.com/Market-Reports/retail-sourcing-and-procurement-market-203509357.html
Early buyers will receive 10% customization on reports.

Procure-to-Pay is expected to be the largest contributor in the solution segment

The market for procure-to-pay is expected to be the largest as it helps retail organizations to manage an articulate purchase-to-pay process, enabling organizations to achieve maximum productivity and efficiency for the overall procurement activity. Moreover, a restructured sourcing and procurement process makes it easier for users to automate purchase order processing. Furthermore, due to low costs and scalability features of the cloud deployment type, retail sourcing and procurement customers are expected to be more receptive toward cloud than on-premises. The end users in this market are also turning toward consulting services to deploy the right sourcing and procurement solution as per their business objectives.

The North American region is expected to contribute the maximum market share to the overall retail sourcing and procurement market

Among the regions, North America is expected to be the highest contributor followed by Europe. The market is in the emerging stage in the regions of Asia-Pacific (APAC), Latin America, and Middle East and Africa (MEA). Therefore, these regions exhibit immense scope for the adoption of retail sourcing and procurement solutions. There is huge return on investment in the retail sourcing and procurement market, but the need to conform to mandatory protocols and inappropriate management of invoice and payable in these regions is the major restraining factor for the wide adoption of retail sourcing and procurement solutions. Additionally, the growing technological developments in the field of cloud, analytics, and the emergence of Bring Your Own Device (BYOD) trend have led to the high adoption of sourcing and procurement solutions in the retail sector.

The major vendors in the retail sourcing and procurement market include SAP SE, Oracle, IBM, Zycus, PROACTIS, Ivalua, GT Nexus, Epicor, Tradogram, GEP, Vroozi, and Cegid.

The retail sourcing and procurement market has been segmented into solutions, services, deployment types, user types, and regions. The solutions include strategic sourcing, supplier management, contract management, procure-to-pay, and spend analysis. Services offered in the retail sourcing and procurement market are implementation, training & support, and consulting services. Deployment types are segmented into cloud and on-premises. User types are classified as small & medium enterprises and large enterprises. Finally, the retail sourcing and procurement market is segmented on the basis of regions into North America, Europe, APAC, MEA, and Latin America.

About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]

Retail Sourcing and Procurement Market Size,  Share & Growth Report
Report Code
TC 4277
PR Published ON
5/4/2016
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Retail Sourcing and Procurement Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
...

Digital Virtual Assistant - MarketsandMarkets

Home