Market Overview:
The global procurement integrity management solutions market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The market growth is attributed to the increasing need for compliance with government regulations and rising instances of fraud in the procurement process. Based on type, the global procurement integrity management solutions market is segmented into e-procurement, contract management, supplier management, and others. E-procurement held the largest share of the market in 2017 owing to its ability to streamline procurements processes and reduce administrative costs. Based on application, the global procurement integrity management solutions market is segmented into retail, automotive, travel & logistics, IT & telecommunication mining and others.
Product Definition:
Procurement Integrity Management Solutions (PIMS) is a term used to describe the various methods and systems that organizations use to ensure the integrity of their procurement processes. PIMS are important because they help organizations ensure that their procurement processes are fair, efficient, and compliant with applicable laws and regulations.
E-procurement:
E-procurement is the latest trend in procurement and it's expected to have a significant impact on Procurement Integrity Management Solutions market over the forecast period. E-procurement has been evolving gradually since last few years and with growing technological advancements, it has reached a stage where almost all businesses are using some or other form of e- procurement.
Contract Management:
Contract management is a tool that helps procurement professionals to effectively manage the vendor landscape. It provides vendors with an organized way of approaching their client’s contracts, making it easier for them to provide services and support. The software also allows vendors to create expense accounts which can be reimbursed by the client for their work on specific procurements.
Procurement integrity management solutions help organizations in connecting all the business systems.
Application Insights:
The retail segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The increasing penetration of e-commerce has led to a significant increase in online procurement activities, which, in turn, is likely to fuel demand over the forecast period.
The automotive sector was one of the major application areas for supply chain management solutions and accounted for around 15% of overall revenue share in 2017. The industry is characterized by extensive use of third-party suppliers and complex production networks with numerous partners across different countries and regions. This leads to increased exposure to frauds, manipulations & counterfeit while obtaining authentic parts from reliable sources.
Regional Analysis:
The Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The regional growth can be attributed to rising government initiatives, such as “Make in India†campaign by the Indian government, which encourages domestic manufacturing through Foreign Direct Investments (FDI). Moreover, increasing investments by companies for improving their supply chain management practices is anticipated to drive market growth. For instance, In January 2018; Microsoft Corporation announced plans of investing USD X million for establishing a data center in Andhra Pradesh with an aim of reducing company-wide IT costs.
North America procurement integrity management solutions market was valued at USD X million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing high demand within U.S.
Growth Factors:
- Increasing awareness about the benefits of procurement integrity management solutions among businesses of all sizes.
- The increasing number of compliance regulations and standards related to procurement processes across the globe.
- The growing demand for transparency and accountability in public sector procurements worldwide.
- The increasing use of cloud-based solutions for procurement integrity management by businesses of all sizes.
- The rising trend of digitization across various industries, which is resulting in an increased need for automated and integrated procurement integrity management solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Procurement Integrity Management Solutions Market Research Report
By Type
E-procurement, Contract Management, Supplier Management, Others
By Application
Retail, Automotive, Travel & Logistics, IT & Telecommunication, Mining, Others
By Companies
SAP SE, SAS Institute Inc, NECS, Oracle, Epicor Software Corporation, Blue Yonder, JAGGAER, Zycus Inc, Market Dojo Ltd, Mercateo AG, Applegate Marketplace Ltd
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
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Procurement Integrity Management Solutions Market Report Segments:
The global Procurement Integrity Management Solutions market is segmented on the basis of:
Types
E-procurement, Contract Management, Supplier Management, Others
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
Retail, Automotive, Travel & Logistics, IT & Telecommunication, Mining, Others
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:
- SAP SE
- SAS Institute Inc
- NECS
- Oracle
- Epicor Software Corporation
- Blue Yonder
- JAGGAER
- Zycus Inc
- Market Dojo Ltd
- Mercateo AG
- Applegate Marketplace Ltd
Highlights of The Procurement Integrity Management Solutions 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:
- E-procurement
- Contract Management
- Supplier Management
- Others
- By Application:
- Retail
- Automotive
- Travel & Logistics
- IT & Telecommunication
- Mining
- Others
- 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 Procurement Integrity Management Solutions 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?
Procurement Integrity Management Solutions (PIMS) is a software application that helps organizations manage and monitor their procurement processes. It includes features to help identify and prevent fraud, waste, and abuse in the procurement process. PIMS can also help track the progress of individual procurements, as well as provide reports on performance metrics such as cost savings or contract awards.
Some of the key players operating in the procurement integrity management solutions market are SAP SE, SAS Institute Inc, NECS, Oracle, Epicor Software Corporation, Blue Yonder, JAGGAER, Zycus Inc, Market Dojo Ltd, Mercateo AG, Applegate Marketplace Ltd.
The procurement integrity management solutions 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 Procurement Integrity Management Solutions 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 Procurement Integrity Management Solutions Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Procurement Integrity Management Solutions 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 Procurement Integrity Management Solutions 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 Procurement Integrity Management Solutions Market Size & Forecast, 2018-2028 4.5.1 Procurement Integrity Management Solutions Market Size and Y-o-Y Growth 4.5.2 Procurement Integrity Management Solutions Market Absolute $ Opportunity
Chapter 5 Global Procurement Integrity Management Solutions 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 Procurement Integrity Management Solutions Market Size Forecast by Type
5.2.1 E-procurement
5.2.2 Contract Management
5.2.3 Supplier Management
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Procurement Integrity Management Solutions 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 Procurement Integrity Management Solutions Market Size Forecast by Applications
6.2.1 Retail
6.2.2 Automotive
6.2.3 Travel & Logistics
6.2.4 IT & Telecommunication
6.2.5 Mining
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Procurement Integrity Management Solutions 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 Procurement Integrity Management Solutions 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 Procurement Integrity Management Solutions Analysis and Forecast
9.1 Introduction
9.2 North America Procurement Integrity Management Solutions 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 Procurement Integrity Management Solutions Market Size Forecast by Type
9.6.1 E-procurement
9.6.2 Contract Management
9.6.3 Supplier Management
9.6.4 Others
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 Procurement Integrity Management Solutions Market Size Forecast by Applications
9.10.1 Retail
9.10.2 Automotive
9.10.3 Travel & Logistics
9.10.4 IT & Telecommunication
9.10.5 Mining
9.10.6 Others
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 Procurement Integrity Management Solutions Analysis and Forecast
10.1 Introduction
10.2 Europe Procurement Integrity Management Solutions 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 Procurement Integrity Management Solutions Market Size Forecast by Type
10.6.1 E-procurement
10.6.2 Contract Management
10.6.3 Supplier Management
10.6.4 Others
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 Procurement Integrity Management Solutions Market Size Forecast by Applications
10.10.1 Retail
10.10.2 Automotive
10.10.3 Travel & Logistics
10.10.4 IT & Telecommunication
10.10.5 Mining
10.10.6 Others
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 Procurement Integrity Management Solutions Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Procurement Integrity Management Solutions 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 Procurement Integrity Management Solutions Market Size Forecast by Type
11.6.1 E-procurement
11.6.2 Contract Management
11.6.3 Supplier Management
11.6.4 Others
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 Procurement Integrity Management Solutions Market Size Forecast by Applications
11.10.1 Retail
11.10.2 Automotive
11.10.3 Travel & Logistics
11.10.4 IT & Telecommunication
11.10.5 Mining
11.10.6 Others
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 Procurement Integrity Management Solutions Analysis and Forecast
12.1 Introduction
12.2 Latin America Procurement Integrity Management Solutions 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 Procurement Integrity Management Solutions Market Size Forecast by Type
12.6.1 E-procurement
12.6.2 Contract Management
12.6.3 Supplier Management
12.6.4 Others
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 Procurement Integrity Management Solutions Market Size Forecast by Applications
12.10.1 Retail
12.10.2 Automotive
12.10.3 Travel & Logistics
12.10.4 IT & Telecommunication
12.10.5 Mining
12.10.6 Others
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) Procurement Integrity Management Solutions Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Procurement Integrity Management Solutions 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) Procurement Integrity Management Solutions Market Size Forecast by Type
13.6.1 E-procurement
13.6.2 Contract Management
13.6.3 Supplier Management
13.6.4 Others
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) Procurement Integrity Management Solutions Market Size Forecast by Applications
13.10.1 Retail
13.10.2 Automotive
13.10.3 Travel & Logistics
13.10.4 IT & Telecommunication
13.10.5 Mining
13.10.6 Others
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 Procurement Integrity Management Solutions Market: Competitive Dashboard
14.2 Global Procurement Integrity Management Solutions Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SAP SE
14.3.2 SAS Institute Inc
14.3.3 NECS
14.3.4 Oracle
14.3.5 Epicor Software Corporation
14.3.6 Blue Yonder
14.3.7 JAGGAER
14.3.8 Zycus Inc
14.3.9 Market Dojo Ltd
14.3.10 Mercateo AG
14.3.11 Applegate Marketplace Ltd