Retail Sourcing and Procurement Market Analysis By Global Industry Size, Share, Trends, Opportunity and Forecast 2024

The global Retail Sourcing and Procurement Market size is projected to cross USD 5.0 billion by 2024, growing at a CAGR of over 10% during the forecast period. The retail sourcing and procurement market is majorly growing due to the increase in the centralization system of procurement processes with the advanced technologies and storage systems. Moreover, the development and innovation in mobile and cloud technologies are increasing efficiency of processes and customer satisfaction is further contributing to the growth of retail sourcing and procurement industry. In terms of deployment type, the market for retail sourcing and procurement is categorized into On-premise and Cloud. Among the deployment types, cloud is predicted to witness the fastest growth rate during the forecast period. In terms of organization size, the retail sourcing and procurement industry is categorized into SMEs and Large Enterprises. The large enterprises held the largest share on the global market for retail sourcing and procurement. The large enterprises accounted for more than 55% of the global retail sourcing and procurement market. Taking into an account of geographical landscape, the retail sourcing and procurement industry was the largest in North America in 2017. Though, the market for retail sourcing and procurement is predicted to witness the fastest growth in the Asia-Pacific region. Some of the key players operating in the Retail Sourcing and Procurement market are Proactis Holdings PLC, IBM Corporation Inc., Zycus Inc., Oracle Corporation among others.

Years considered for this report:

Historical Year : 2014 - 2017

Base Year : 2018

Estimated : 2019

Forecast : 2020 - 2024

Click here to download the brochure

Objective of the Study:

  • To analyse and forecast the market size of Global Retail Sourcing and Procurement, in terms of value.
  • To classify and forecast Global Retail Sourcing and Procurement Market based on offering, deployment type, organization size and regional distribution.
  • To identify drivers and challenges for Global Retail Sourcing and Procurement Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc., in Global Retail Sourcing and Procurement Market.
  • To conduct the pricing analysis for Global Retail Sourcing and Procurement Market.
  • To identify and analyse the profile of leading players involved in Global Retail Sourcing and Procurement Market.


Some of the key players operating in the Retail Sourcing and Procurement market are Proactis Holdings PLC, Ivalua Inc., Zycus Inc., Oracle Corporation, JAGGAER, SAP SE, GT Nexus, IBM Corporation. And JDA Software Group Inc, Epicor Software Corporation etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service and solution providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service and solution providers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration service and solution providers across the globe.

TechSci Research calculated the market size of Global Retail Sourcing and Procurement using a bottom-up approach, where data for various application across various technology were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

  • Retail Sourcing and Procurement solution providers
  • Professional service providers
  • Cloud service providers
  • Research organizations and consulting companies
  • Research Institutes
  • Industry associations

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Global Retail Sourcing and Procurement Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Offering
    • Service
      • Implementation
      • Training and Support
      • Consulting
    • Solution
      • Strategic Sourcing
      • Supplier Management
      • Contract Management
      • Procure-to-Pay
      • Spend Analysis
  • Market, By Deployment Type
    • On-Premises
    • Cloud
  • Market, By Organization Size
    • SMEs
    • Large Enterprises
  • Market, By Region
    • Asia Pacific
      • China
      • India 
      • Japan
      • South Korea
      • Australia
      • Vietnam
      • Thailand
      • Malaysia
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Belgium
      • Spain
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East and Africa
      • South Africa
      • Saudi Arabia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Retail Sourcing and Procurement.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com

Website: https://www.techsciresearch.com

Comments

Post a Comment

Popular posts from this blog

Saudi Arabia Inductor Market Analysis By Inductance, Size, Share, Trend, Competition, Future Growth Forecast 2027 | TechSci Research

Image
Saudi Arabia inductor market is expected to grow at a steady CAGR during the forecast period. The rise in the demand for consumer electronics and the growing per capita income of middle-class families is increasing consumers' expenditure capacity, which is considered the major driving factor for the growth of the inductor market in the forecast period. The growing adoption of electric vehicles due to the surge in awareness regarding the harmful emissions into the environment is expected to support the growth of the Saudi Arabia inductor market. The surge in the government initiatives to boost other industries growth to diversify the income sources and reduce the dependency on the oil industry as the oil industry is considered the major income-generating industry in Saudi Arabia is expected to foster the demand for semiconductor-related industries, which in turn is influencing the inductor market growth. Ongoing initiatives such as Neom city, National Transformation Program, and th...
Read more

Global Multi-Cloud Management Market Analysis By Platform, Size, Share, Trend, Competition, Future Growth Forecast 2027 | TechSci Research

Global multi-cloud management market is expected to grow at a significant CAGR during the forecast period. Growing implementation of multi cloud management solutions by enterprises across the globe is one of the key factors due to which the market is anticipated to rev up during the forecast years. Moreover, ambiguity about single cloud reliability is positively impacting the growth of market during the forecast period. Furthermore, adoption of micro-services for cloud native applications is expected to bolster the growth of market over the next few years. However, lack of security might act as major impediment to the growth of global multi-cloud management market in the years to come. The global multi-cloud management market is segmented based on  platform, service type, deployment mode, application, end user , company, and region. Based on   platform, the market can be categorized into internal brokerage enablement and external brokerage enablement. Out of which, the extern...
Read more

Vietnam Telecom Market Demand Is Driven By The Proliferation Of Smartphones And Increase In The Fixed Broadband Subscribers | TechSci Research

Image
According to TechSci Research,  Vietnam Telecom market is expected to grow at a steady CAGR in the forecast period, 2023-2027. The proliferation of smartphones and increase in the fixed broadband subscribers is driving the demand of the Vietnam Telecom market. The growing demand for high-speed connectivity by the customers and the massive expenditure for the deployment of the 5G technology are expected to influence the market growth. The use of 5G technology can facilitate autonomous cars and other smart devices and equipment to obtain real-time information. The shift in customers' preference for the adoption of next-generation technologies and getting real-time data from the customers are contributing to the Vietnam Telecom market growth.  The COVID-19 pandemic and the work from home facility provided to the employees is surging the demand for broader bandwidth. The growing adoption of the internet of things technology among the prominent industry verticals to get real-time ...
Read more