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E-Procurement Tools Market Is Booming Across the Globe by Growth, Segments and Forecast 2028 | Bechtle AG,Coupa Software Inc.,Delta eSourcing,GEP

02-13-2023 09:29 PM CET | IT, New Media & Software

Press release from: The Insight Partners

E-Procurement Tools Market Is Booming Across the Globe

The "Global E-Procurement Tools Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the E-Procurement Tools market with detailed market segmentation By Type, Deployment Model, End-user and geography.

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.

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The Prominent/Emerging Players in the E-Procurement Tools Market includes:

• Bechtle AG
• Coupa Software Inc.
• Delta eSourcing
• GEP
• IBM Corporation
• JAGGAER
• Kissflow Inc.
• Medius Software Limited.
• Oracle
• Procurify Technologies Inc.

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 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.

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the E-Procurement Tools market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the E-Procurement Tools market segments and regions.

Scope of the Report

The research on the E-Procurement Tools market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor's methodologies. The research also segments the E-Procurement Tools market on the basis of end user, product type, application, and demography for the forecast period 2023-2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the E-Procurement Tools market during the forecast period, i.e., 2023-2028. Most importantly, the report further identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application, technology, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries.

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Major highlights of the report:

All-inclusive evaluation of the parent market
Evolution of significant market aspects
Industry-wide investigation of market segments
Assessment of market value and volume in past, present, and forecast years
Evaluation of market share
Study of niche industrial sectors
Tactical approaches of market leaders
Lucrative strategies to help companies strengthen their position in the market

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Life Science, Technology, Healthcare, Manufacturing, Automotive and Defense, Food Beverages, Chemical etc.

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