E-Procurement Tools Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET INTRODUCTION
Electronic data exchange (EDI) solutions are used to assist tactical, operational, and strategic buying. In the procurement process, internet-based resources, and methods such as e-ordering, e-sourcing, e-auctioning, e-tendering, and e-catalogue are used. Furthermore, eProcurement solutions can assist firms in achieving procurement transformation through smart analytics and automation, allowing them to make decisions across the source-to-pay (S2P) process.
MARKET DYNAMICS
The e-procurement tools industry is predicted to grow as internet e-commerce and procurement via websites and email expand. The e-procurement tools market is predicted to grow as demand for artificial intelligence-based e-procurement tools to execute transactions between awarding authorities and suppliers rises. A significant factor expected to drive the e-procurement tools market during the projected period is the penetration of support software and digital logistics by creating network infrastructure across sectors.
MARKET SCOPE
The "Global E-Procurement Tools Market Analysis To 2031" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The e-procurement tools market report aims to provide an overview of the e-procurement tools market with detailed market segmentation by component, procurement model, deployment, enterprise size, industry vertical, and geography. The global e-procurement tools market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading e-procurement tools market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global e-procurement tools market is segmented based on component, procurement model, deployment, enterprise size, industry vertical. Based on the component, the e-procurement tools market is segmented into software, services. Based on procurement model, the e-procurement tools market is segmented into Activity Based Model, Organization Based Model. Based on deployment, the e-procurement tools market is segmented into on-premise, cloud. Based on enterprise size, the e-procurement tools market is segmented into SMEs, large enterprises. Based on industry vertical, the e-procurement tools market is segmented into BFSI, IT and telecom, education, manufacturing, food and beverages, healthcare, energy and utilities, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global e-procurement tools market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The e-procurement tools market by each region is later sub-segmented by respective countries and segments. The e-procurement tools market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the e-procurement tools market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the e-procurement tools market in these regions.
IMPACT OF COVID-19 ON AI FOR E-PROCUREMENT TOOLS MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has had a positive impact on the e-procurement tools market. Many companies now operate their businesses on online platforms due to the lockdown conditions; more companies are adopting video as a service. Therefore, the demand for e-procurement tools is increasing during COVID-19 and is also set to increase during the forecast period.
By Component
By Procurement Model
By Deployment
By Enterprise Size
MARKET PLAYERS
The reports cover key developments in the e-procurement tools market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from e-procurement tools market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the e-procurement tools market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the e-procurement tools market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Electronic data exchange (EDI) solutions are used to assist tactical, operational, and strategic buying. In the procurement process, internet-based resources, and methods such as e-ordering, e-sourcing, e-auctioning, e-tendering, and e-catalogue are used. Furthermore, eProcurement solutions can assist firms in achieving procurement transformation through smart analytics and automation, allowing them to make decisions across the source-to-pay (S2P) process.
MARKET DYNAMICS
The e-procurement tools industry is predicted to grow as internet e-commerce and procurement via websites and email expand. The e-procurement tools market is predicted to grow as demand for artificial intelligence-based e-procurement tools to execute transactions between awarding authorities and suppliers rises. A significant factor expected to drive the e-procurement tools market during the projected period is the penetration of support software and digital logistics by creating network infrastructure across sectors.
MARKET SCOPE
The "Global E-Procurement Tools Market Analysis To 2031" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The e-procurement tools market report aims to provide an overview of the e-procurement tools market with detailed market segmentation by component, procurement model, deployment, enterprise size, industry vertical, and geography. The global e-procurement tools market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading e-procurement tools market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global e-procurement tools market is segmented based on component, procurement model, deployment, enterprise size, industry vertical. Based on the component, the e-procurement tools market is segmented into software, services. Based on procurement model, the e-procurement tools market is segmented into Activity Based Model, Organization Based Model. Based on deployment, the e-procurement tools market is segmented into on-premise, cloud. Based on enterprise size, the e-procurement tools market is segmented into SMEs, large enterprises. Based on industry vertical, the e-procurement tools market is segmented into BFSI, IT and telecom, education, manufacturing, food and beverages, healthcare, energy and utilities, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global e-procurement tools market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The e-procurement tools market by each region is later sub-segmented by respective countries and segments. The e-procurement tools market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the e-procurement tools market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the e-procurement tools market in these regions.
IMPACT OF COVID-19 ON AI FOR E-PROCUREMENT TOOLS MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has had a positive impact on the e-procurement tools market. Many companies now operate their businesses on online platforms due to the lockdown conditions; more companies are adopting video as a service. Therefore, the demand for e-procurement tools is increasing during COVID-19 and is also set to increase during the forecast period.
E-Procurement Tools Market Report Analysis
E-Procurement Tools Market
-
CAGR (2023 - 2031)XX% -
Market Size 2023
US$ XX Million -
Market Size 2031
US$ XX Million
Report Coverage
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industry landscape and competition analysis & recent developments
- Detailed company profiles
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Key Players
- Bechtle AG
- Coupa Software Inc
- Delta eSourcing
- GEP
- IBM Corporation
- JAGGAER
- Kissflow Inc
- Medius Software Limited
- Oracle
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
By Component
- Software
- Services
By Procurement Model
- Activity Based Model
- Organization Based Model
By Deployment
- On-Premise
- Cloud
By Enterprise Size
- SMEs
- Large Enterprises
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
The reports cover key developments in the e-procurement tools market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from e-procurement tools market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the e-procurement tools market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the e-procurement tools market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Bechtle AG
- Coupa Software Inc.
- Delta eSourcing
- GEP
- IBM Corporation
- JAGGAER
- Kissflow Inc.
- Medius Software Limited.
- Oracle
- Procurify Technologies Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
E-Procurement Tools Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The List of Companies
1.Bechtle AG
2.Coupa Software Inc.
3.Delta eSourcing
4.GEP
5.IBM Corporation
6.JAGGAER
7.Kissflow Inc.
8.Medius Software Limited.
9.Oracle
10.Procurify Technologies Inc.
1.Bechtle AG
2.Coupa Software Inc.
3.Delta eSourcing
4.GEP
5.IBM Corporation
6.JAGGAER
7.Kissflow Inc.
8.Medius Software Limited.
9.Oracle
10.Procurify Technologies Inc.
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