Market Overview:
The global purchasing software market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing adoption of cloud-based purchasing software by small and medium enterprises (SMEs) and large enterprises, rising demand for web-based purchasing software, and growing need for procurement process automation across organizations. On the basis of type, the global purchasing software market is segmented into cloud-based, on-premise, and web-based. The cloud-based segment is expected to grow at a higher CAGR than other segments during the forecast period owing to its advantages such as low cost of ownership, scalability, ease of use, and fast deployment. Based on application type, SMEs are expected to account for a larger share of the global Purchasing Software Market in terms revenue contribution than medsized or large enterprises during the forecast period.
Product Definition:
Purchasing software is the process of acquiring software for your business. This can include buying licenses, subscriptions, or using a software as a service model. Purchasing software is important because it allows your business to use specific programs to help it run more efficiently.
Cloud-based:
Cloud-based software is a type of purchasing software that provides solutions to vendors and buyers for managing their procurement processes. It helps vendors in tracking the procurement process, from ordering to receiving, processing payments and invoicing along with inventory management. Cloud-based software also offers real-time data sharing between departments within an organization which increases efficiency across business functions.
On-Premise:
On-premise software is a type of software that is installed and used directly without any third-party involvement. The installation of on-premise software does not affect the user’s data or applications located at another location. In other words, this type of purchase allows the end user to use the purchased application/software anywhere and anytime without internet connectivity.
Application Insights:
The large enterprises segment dominated the global purchasing software market in 2017, accounting for over 60.0% share of the overall revenue. The growth can be attributed to factors such as extensive usage of off-the-shelf solutions by large enterprises to manage their supply chain activities and easy adoption by large organizations due to benefits such as real-time visibility, improved financials management, and cost savings.
The small and mediumsized enterprises (SMEs) segment is expected to witness significant growth over the forecast period owing to increasing penetration of SMEs into online retailing which offers various advantages including inventory control, point-of-use delivery across countries worldwide with reduced shipping costs. Furthermore, SMEs can access a wider range of suppliers thereby reducing risks associated with intermediaries while expanding business operations globally through eCommerce platforms offering free shipping on orders above USD 500. Growing use cases for procurement in eCommerce transactions are also anticipated fuel demand from smaller businesses globally during the forecast period.
Regional Analysis:
North America is expected to dominate the global market over the forecast period. The region accounted for more than 35% of the overall revenue in 2017 and is anticipated to witness a CAGR of XX% over the forecast period. This growth can be attributed to various factors such as increasing government investments in SMEs, rising adoption of cloud-based solutions by enterprises, and growing demand for purchasing software that enables efficient procurement processes across various departments within organizations. Moreover, North America has one of the largest number of small & medium enterprises (SMEs) globally which are increasingly adopting cloud-based solutions owing to their cost benefits offered by these platforms as compared to on-premise software.
Asia Pacific is estimated to emerge as a lucrative regional market during the same period owing her large population base with growing disposable income levels coupled with rapid industrialization & urbanization trends across emerging economies including China & India have created significant opportunities for industry players operating in this region.
Growth Factors:
- Increasing demand for cloud-based purchasing software due to its advantages such as scalability, flexibility, and low cost.
- Rising number of small and medium businesses (SMBs) that are shifting from traditional purchasing methods to e-procurement solutions in order to improve efficiency and reduce costs.
- Proliferation of mobile devices and the growing trend of Bring Your Own Device (BYOD) is driving the demand for procurement apps that can be used on smartphones and tablets.
- The increasing adoption of RFID technology in supply chain management is helping boost the market for procurement software products that offer RFID capabilities.
Scope Of The Report
Report Attributes
Report Details
Report Title
Purchasing Software Market Research Report
By Type
Cloud-based, On-Premise, Web-based
By Application
Small Enterprises, Medsized Enterprises, Large Enterprises
By Companies
SAP, Oracle, IBM, Infor, Mercateo, Cvent, Coupa Software, Achilles, JDA Software Group, SciQuest, Zoho, NetSuite, Basware, BirchStreet Systems, Capgemini, Elcom, JCatalog, Promena
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
139
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Purchasing Software Market Report Segments:
The global Purchasing Software market is segmented on the basis of:
Types
Cloud-based, On-Premise, Web-based
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 Enterprises, Medsized Enterprises, Large Enterprises
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
- Oracle
- IBM
- Infor
- Mercateo
- Cvent
- Coupa Software
- Achilles
- JDA Software Group
- SciQuest
- Zoho
- NetSuite
- Basware
- BirchStreet Systems
- Capgemini
- Elcom
- JCatalog
- Promena
Highlights of The Purchasing Software 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:
- Cloud-based
- On-Premise
- Web-based
- By Application:
- Small Enterprises
- Medsized Enterprises
- Large Enterprises
- 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 Purchasing Software 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
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- Understanding Competition Scenario
- Product & Brand Management
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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?
Purchasing software is the act of purchasing a program or application from an online or offline store.
Some of the key players operating in the purchasing software market are SAP, Oracle, IBM, Infor, Mercateo, Cvent, Coupa Software, Achilles, JDA Software Group, SciQuest, Zoho, NetSuite, Basware, BirchStreet Systems, Capgemini, Elcom, JCatalog, Promena.
The purchasing software market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Purchasing Software 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 Purchasing Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Purchasing Software 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 Purchasing Software 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 Purchasing Software Market Size & Forecast, 2018-2028
4.5.1 Purchasing Software Market Size and Y-o-Y Growth
4.5.2 Purchasing Software Market Absolute $ Opportunity
Chapter 5 Global Purchasing Software 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 Purchasing Software Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On-Premise
5.2.3 Web-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Purchasing Software 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 Purchasing Software Market Size Forecast by Applications
6.2.1 Small Enterprises
6.2.2 Medsized Enterprises
6.2.3 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Purchasing Software 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 Purchasing Software 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 Purchasing Software Analysis and Forecast
9.1 Introduction
9.2 North America Purchasing Software 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 Purchasing Software Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On-Premise
9.6.3 Web-based
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 Purchasing Software Market Size Forecast by Applications
9.10.1 Small Enterprises
9.10.2 Medsized Enterprises
9.10.3 Large Enterprises
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 Purchasing Software Analysis and Forecast
10.1 Introduction
10.2 Europe Purchasing Software 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 Purchasing Software Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On-Premise
10.6.3 Web-based
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 Purchasing Software Market Size Forecast by Applications
10.10.1 Small Enterprises
10.10.2 Medsized Enterprises
10.10.3 Large Enterprises
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 Purchasing Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Purchasing Software 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 Purchasing Software Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On-Premise
11.6.3 Web-based
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 Purchasing Software Market Size Forecast by Applications
11.10.1 Small Enterprises
11.10.2 Medsized Enterprises
11.10.3 Large Enterprises
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 Purchasing Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Purchasing Software 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 Purchasing Software Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On-Premise
12.6.3 Web-based
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 Purchasing Software Market Size Forecast by Applications
12.10.1 Small Enterprises
12.10.2 Medsized Enterprises
12.10.3 Large Enterprises
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) Purchasing Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Purchasing Software 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) Purchasing Software Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On-Premise
13.6.3 Web-based
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) Purchasing Software Market Size Forecast by Applications
13.10.1 Small Enterprises
13.10.2 Medsized Enterprises
13.10.3 Large Enterprises
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 Purchasing Software Market: Competitive Dashboard
14.2 Global Purchasing Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SAP
14.3.2 Oracle
14.3.3 IBM
14.3.4 Infor
14.3.5 Mercateo
14.3.6 Cvent
14.3.7 Coupa Software
14.3.8 Achilles
14.3.9 JDA Software Group
14.3.10 SciQuest
14.3.11 Zoho
14.3.12 NetSuite
14.3.13 Basware
14.3.14 BirchStreet Systems
14.3.15 Capgemini
14.3.16 Elcom
14.3.17 JCatalog
14.3.18 Promena
