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 $800 million or more in annual revenue that, typically, have the necessary critical mass of spend. The strategic sourcing application suite delivers four primary capabilities. Most vendors offer these capabilities as separately licensable modules: Spend analysis is a software- and service-based solution for cleansing, enhancing, classifying and analyzing spend data. It features rule-based data cleansing, automated category-level classification, analytics and decision support. Automated spend analysis is used in procurement and sourcing to quantify spend by supplier, category and part, and to identify opportunities for cost reduction and supply base resizing.
According to this study, over the next five years the Strategic Sourcing Application Suites market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global revenue market share of key companies in Strategic Sourcing Application Suites business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Strategic Sourcing Application Suites market by product type, application, key companies and key regions.
This study considers the Strategic Sourcing Application Suites value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Cloud-based
On-premises
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Cleansing
Automated Category-Level Classification
Analytics and Decision Support
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
JAGGAER
SAP Ariba
Scout RFP
Coupa
SAP
GEP
Zycus
IBM
Determine
Scanmarket
Ivalua
SynerTrade
Vortal
Tradeshift
Open Windows
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Strategic Sourcing Application Suites market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Strategic Sourcing Application Suites market by identifying its various subsegments.
Focuses on the key global Strategic Sourcing Application Suites players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Strategic Sourcing Application Suites with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Strategic Sourcing Application Suites submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Strategic Sourcing Application Suites . Industry analysis & Market Report on Strategic Sourcing Application Suites is a syndicated market report, published as Global Strategic Sourcing Application Suites Market Growth (Status and Outlook) 2019-2024. It is complete Research Study and Industry Analysis of Strategic Sourcing Application Suites market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.