Strategic Sourcing Application Suites Market

Strategic sourcing application suites are a set of related, integrated solutions that support upstream procurement activities; in other words, the strategic work the procurement team does for planning, assessment and performance management. Strategic sourcing application suites are used primarily by companies with $800 million or more in annual revenue that, typically, have the necessary critical mass of spend. The strategic sourcing application suite delivers four primary capabilities. Most vendors offer these capabilities as separately licensable modules: Spend analysis is a software- and service-based solution for cleansing, enhancing, classifying and analyzing spend data. It features rule-based data cleansing, automated category-level classification, analytics and decision support. Automated spend analysis is used in procurement and sourcing to quantify spend by supplier, category and part, and to identify opportunities for cost reduction and supply base resizing.
Strategic Sourcing Application Suites Market aims to provide a comprehensive presentation of the global market for Strategic Sourcing Application Suites, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Strategic Sourcing Application Suites. Strategic Sourcing Application Suites Market contains market size and forecasts of Strategic Sourcing Application Suites in global, including the following market information:
Global Strategic Sourcing Application Suites Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Strategic Sourcing Application Suites market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Cloud-based Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Strategic Sourcing Application Suites include JAGGAER, SAP Ariba, Scout RFP, Coupa, SAP, GEP, Zycus, IBM and Determine, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Strategic Sourcing Application Suites companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Strategic Sourcing Application Suites Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Strategic Sourcing Application Suites Market Segment Percentages, by Type, 2022 (%)
Cloud-based
On-premises
Global Strategic Sourcing Application Suites Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Strategic Sourcing Application Suites Market Segment Percentages, by Application, 2022 (%)
Cleansing
Automated Category-Level Classification
Analytics and Decision Support
Global Strategic Sourcing Application Suites Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Strategic Sourcing Application Suites Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Strategic Sourcing Application Suites revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Strategic Sourcing Application Suites revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
JAGGAER
SAP Ariba
Scout RFP
Coupa
SAP
GEP
Zycus
IBM
Determine
Scanmarket
Ivalua
SynerTrade
Vortal
Tradeshift
Open Windows
Outline of Major Chapters:
Chapter 1: Introduces the definition of Strategic Sourcing Application Suites, market overview.
Chapter 2: Global Strategic Sourcing Application Suites market size in revenue.
Chapter 3: Detailed analysis of Strategic Sourcing Application Suites company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Strategic Sourcing Application Suites in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.