Market Overview:
The global e-procurement tools market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing adoption of e-procurement tools by small and medium enterprises (SMEs) and large enterprises across the globe. Additionally, the growing demand for cloud-based solutions and services is also contributing to the growth of this market. On the basis of type, the global e-procurement tools market can be segmented into solution/software and services. The solution/software segment is expected to account for a larger share of this market in 2018 owing to its growing popularity among SMEs and large enterprises alike. On the basis of application, this market can be divided into SMEs and large enterprises.
Product Definition:
E-procurement tools are computerized systems used to facilitate the purchasing process. They allow buyers to search for and compare prices from a variety of suppliers, as well as submit orders and track their progress. E-procurement tools can save time and money by streamlining the purchasing process and allowing buyers to find better deals on supplies.
Solution/ Software:
Solution/Software is a procurement software which helps in managing the procurement process. It provides an organized and efficient way to procure goods and services by combining all the functions that are required to be performed manually. The solution/software includes modules for sourcing, purchase, contract management, vendor management & analytics etc.
It also helps organizations in improving their productivity by reducing administrative costs and manual efforts made towards procuring goods & services.
Services:
Services are the set of rules and guidelines which help vendors to interact with buyers. Services can be used by any vendor, irrespective of the size or type. They are an integral part of procurement process and form one of the key buying criteria for any buyer. The services market is expected to witness significant growth over the forecast period owing to increasing demand from small & medium enterprises (SMEs). SMEs comprise less than 1000 employees whereas large enterprises have more than 1000 employees.
Application Insights:
The large enterprise application segment accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to the fact that most of the large enterprises have a procurement department which handles e-procurement and other IT related functions. These departments are responsible for buying software, hardware, services and maintenance contracts from various vendors across the globe. Thus they use global e-procurement tools to manage their procurements effectively worldwide.
Small & medium enterprises (SMEs) are increasingly adopting these solutions as they can be easily integrated with existing systems such as accounting, billing and inventory management systems without any additional costs or expertise on part of service providers or system integrators involved in implementation process.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of a large number of small and medium enterprises (SMEs) in this region, which is expected to continue over the forecast period. In addition, North America has been witnessing strong growth in cloud-based solutions and software as well as services offerings for e- procurement. This factor is also likely to contribute toward regional market growth over the next seven years.
Asia Pacific is anticipated to witness significant growth during the forecast period owing to increasing government initiatives for implementation of e- procurement systems across various countries such as India, China, Australia and New Zealand among others are driving demand for these tools in this region.
Growth Factors:
- Increasing demand for cost-effective and efficient procurement processes across organizations
- Proliferation of cloud-based e-procurement solutions that offer enhanced features and scalability
- Emergence of big data and analytics capabilities in e-procurement tools that help identify opportunities for savings and process improvements
- Growing popularity of social media platforms for sourcing goods and services, which is driving the adoption of e-procurement tools among small businesses
- Rising number of government initiatives aimed at promoting the use of e-procurement tools among public sector organizations
Scope Of The Report
Report Attributes
Report Details
Report Title
E-Procurement Tools Market Research Report
By Type
Solution/ Software, Services
By Application
Small & Medium Enterprise, Large Enterprise
By Companies
Bechtle, Coupa Software, Delta eSourcing, GEP, IBM Corpoartion, INSIGHT, JAGGAER, Kissflow, Medius Software, Oracle Corporation, Procurify Technologies, Quintagroup, SAP SE, Virto Solutions
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global E-Procurement Tools Market Report Segments:
The global E-Procurement Tools market is segmented on the basis of:
Types
Solution/ Software, Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small & Medium Enterprise, Large Enterprise
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bechtle
- Coupa Software
- Delta eSourcing
- GEP
- IBM Corpoartion
- INSIGHT
- JAGGAER
- Kissflow
- Medius Software
- Oracle Corporation
- Procurify Technologies
- Quintagroup
- SAP SE
- Virto Solutions
Highlights of The E-Procurement Tools Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solution/ Software
- Services
- By Application:
- Small & Medium Enterprise
- Large Enterprise
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the E-Procurement Tools Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
E-Procurement Tools is a suite of software that helps procurement professionals manage their procurements. It includes a procurement management system, e-procurement tools, and an online marketplace.
Some of the major companies in the e-procurement tools market are Bechtle, Coupa Software, Delta eSourcing, GEP, IBM Corpoartion, INSIGHT, JAGGAER, Kissflow, Medius Software, Oracle Corporation, Procurify Technologies, Quintagroup, SAP SE, Virto Solutions.
The e-procurement tools market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 E-Procurement Tools Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 E-Procurement Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 E-Procurement Tools Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the E-Procurement Tools Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global E-Procurement Tools Market Size & Forecast, 2018-2028
4.5.1 E-Procurement Tools Market Size and Y-o-Y Growth
4.5.2 E-Procurement Tools Market Absolute $ Opportunity
Chapter 5 Global E-Procurement Tools Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 E-Procurement Tools Market Size Forecast by Type
5.2.1 Solution/ Software
5.2.2 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global E-Procurement Tools Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 E-Procurement Tools Market Size Forecast by Applications
6.2.1 Small & Medium Enterprise
6.2.2 Large Enterprise
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global E-Procurement Tools Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 E-Procurement Tools Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America E-Procurement Tools Analysis and Forecast
9.1 Introduction
9.2 North America E-Procurement Tools Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America E-Procurement Tools Market Size Forecast by Type
9.6.1 Solution/ Software
9.6.2 Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America E-Procurement Tools Market Size Forecast by Applications
9.10.1 Small & Medium Enterprise
9.10.2 Large Enterprise
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe E-Procurement Tools Analysis and Forecast
10.1 Introduction
10.2 Europe E-Procurement Tools Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe E-Procurement Tools Market Size Forecast by Type
10.6.1 Solution/ Software
10.6.2 Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe E-Procurement Tools Market Size Forecast by Applications
10.10.1 Small & Medium Enterprise
10.10.2 Large Enterprise
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific E-Procurement Tools Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific E-Procurement Tools Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific E-Procurement Tools Market Size Forecast by Type
11.6.1 Solution/ Software
11.6.2 Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific E-Procurement Tools Market Size Forecast by Applications
11.10.1 Small & Medium Enterprise
11.10.2 Large Enterprise
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America E-Procurement Tools Analysis and Forecast
12.1 Introduction
12.2 Latin America E-Procurement Tools Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America E-Procurement Tools Market Size Forecast by Type
12.6.1 Solution/ Software
12.6.2 Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America E-Procurement Tools Market Size Forecast by Applications
12.10.1 Small & Medium Enterprise
12.10.2 Large Enterprise
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) E-Procurement Tools Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) E-Procurement Tools Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) E-Procurement Tools Market Size Forecast by Type
13.6.1 Solution/ Software
13.6.2 Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) E-Procurement Tools Market Size Forecast by Applications
13.10.1 Small & Medium Enterprise
13.10.2 Large Enterprise
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 E-Procurement Tools Market: Competitive Dashboard
14.2 Global E-Procurement Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bechtle
14.3.2 Coupa Software
14.3.3 Delta eSourcing
14.3.4 GEP
14.3.5 IBM Corpoartion
14.3.6 INSIGHT
14.3.7 JAGGAER
14.3.8 Kissflow
14.3.9 Medius Software
14.3.10 Oracle Corporation
14.3.11 Procurify Technologies
14.3.12 Quintagroup
14.3.13 SAP SE
14.3.14 Virto Solutions
