Retail Sourcing and Procurement Market Size to Witness 13.01% CAGR by 2027 | Basware Corporation, Blue Yonder Group Inc. (Panasonic Corp.), Epicor Software Corporation and More

IMARC Group has recently released a new research study titled "Retail Sourcing and Procurement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global retail sourcing and procurement market size reached US$ 4.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.3 Billion by 2027, exhibiting a growth rate (CAGR) of 13.01% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Competitive Landscape with Key Player:

• Basware Corporation
• Blue Yonder Group Inc. (Panasonic Corp.)
• Epicor Software Corporation
• International Business Machines Corporation
• Infor Inc. (Koch Industries Inc.)
• Ivalua Inc
• Kinaxis
• Oracle Corporation
• Proactis Holdings Plc
• SAP SE
• JAGGAER Inc.
• Zycus Inc.

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

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Market Outlook:

Retail sourcing and procurement represent the services utilized by small, medium, and large-size organizations for engaging and evaluating the suppliers for acquiring goods and services. They involve the use of several processes, such as insourcing, outsourcing, global and strategic sourcing, etc., via automated, mobile, and cloud technologies. In addition to this, retail sourcing and procurement solutions facilitate supplier and contract management and offer spend analysis and procure-to-pay. They find wide-ranging applications for training, implementation, and consulting to improve customer retention, optimize sourcing and procurement activities, enhance the overall user experience, etc.

Retail Sourcing and Procurement Market Trends and Growth Drivers:

The widespread adoption of these services to automate spend management activities and improve the efficiency of procure-to-pay processes is primarily driving the retail sourcing and procurement market. Additionally, the escalating demand for enhancing visibility in tracking related data and increasing collaboration between retailers and suppliers is further catalyzing the market growth. Besides this, the growing automation in procurement activities and the expanding retail industry are acting as significant growth-inducing factors. Moreover, the rising integration of connected devices with artificial intelligence (AI), the Internet of Things (IoT), cloud technology, and big data solutions that enables enterprises to trace and acquire goods promptly, maximize profits, keep track of the business transaction and supplier performance, etc., is anticipated to fuel the retail sourcing and procurement market over the forecasted period.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Solution:

• Strategic Sourcing
• Supplier Management
• Contract Management
• Procure-to-pay
• Spend Analysis

Breakup by Service:

• Implementation
• Consulting
• Training and Support

Breakup by Deployment:

• On-premise
• Hybrid
• Cloud

Breakup by End Use:

• Small and Medium Enterprise (SME)
• Large Enterprise

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=3849&flag=C

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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