Press release
Business Spend Management (BSM) Software Market: Size, Growth, Drivers, Forecast Analysis By 2033
Business Spend Management (BSM) Software Market
As per the report, the business spend management (BSM) software market size has grown rapidly in recent years. It will grow from $21.62 billion in 2023 to $24.66 billion in 2024 at a compound annual growth rate (CAGR) of 14.1%. The business spend management (BSM) software market size is expected to see rapid growth in the next few years. It will grow to $41.98 billion in 2028 at a compound annual growth rate (CAGR) of 14.2%.
Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=15326&type=smp
E-Commerce Expansion Fuels Surge In Packaging Automation Market Demand
The rising e-commerce industry is expected to propel the growth of the business spend management software market going forward. E-commerce or electronic commerce refers to the buying and selling goods and services over the internet. The demand for e-commerce stems from its convenience, accessibility, and ability to provide a wide range of products and services to consumers from the comfort of their homes, anytime and anywhere. Ecommerce businesses often have numerous expenses related to inventory, shipping, marketing, and more. Spend management software helps track and categorize these expenses, providing visibility into where money is being spent and enabling better budgeting and forecasting. For instance, according to the 2023 data released by the United States Census Bureau, a US-based government agency, e-commerce sales increased by 7.6 % between the third quarter of 2022 and the third quarter of 2023 in the USA. Therefore, the increased demand for e-commerce industry is driving the growth of the business spend management software market.
Business Process Platforms Transforming The BSM Software Market
Major companies operating in the business spend management (BSM) software market are focusing their efforts on introducing intelligent and advanced solutions spend management platforms, to enhance operational efficiency. A spend management platform is a centralized system or software that simplifies, automates, and manages various organizational spend processes. For instance, in August 2021, Coupa Software Incorporated, a US-based software company, launched the Coupa App Marketplace. This platform gives users access to certified, pre-built solutions that enhance the capabilities of Coupa's BSM platform. It connects businesses with various BSM partners, providing solutions to improve efficiency, automation, and value across many business processes, including procurement, costs, invoicing, supplier management, and more.
The business spend management (BSM) software market covered in this report is segmented -
1) By Type: Indirect Spending, Direct Spending, Maintenance, Repair, And Operations (MRO) Spending
2) By Solution: Procure-to-Pay Solutions, Supplier And Risk Management, Travel And Expense Management, Contract And E-Tender Management, Spend Management, Others Solutions
3) By Deployment: Cloud, On-premise
4) By Enterprise Type: Small And Medium-Sized Enterprises, Large Enterprises
5) By End-user: Banking, Financial Services, And Insurance, Travel And Tourism, Hospitality, Healthcare, Information Technology (IT) And Telecommunication, Energy And Utility, Retail And E-commerce, Others End-users
Buy Now & Get Exclusive Discount on this Report, Checkout link @ https://www.thebusinessresearchcompany.com/Discount?id=15326&type=discount
Major companies operating in the business spend management (BSM) software market are International Business Machines Corporation, SAP SE, GEP Worldwide, Zycus Inc., Esker S.A., Basware Corporation, Tradeshift Inc., JAGGAER Inc., Divvy Pay Inc., Medius Software Ltd., Ivalua Inc., Sievo Oy, BirchStreet Systems Inc., Procurify Technologies Inc., SutiSoft Inc., Xeeva Inc., Bonfire Interactive Ltd., Teampay Inc., Fraxion Inc., Vroozi Inc., Apptricity Corporation, Empronc Solutions Pvt. Ltd., SynerTrade SE, TRADOGRAM Corporation, Precoro Inc
Contents of the report:
1. Executive Summary
2. Business Spend Management (BSM) Software Market Report Structure
3. Business Spend Management (BSM) Software Market Trends And Strategies
4. Business Spend Management (BSM) Software Market - Macro Economic Scenario
5. Business Spend Management (BSM) Software Market Size And Growth
…..
27. Business Spend Management (BSM) Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/business-spend-management-bsm-software-global-market-report
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Business Spend Management (BSM) Software Market: Size, Growth, Drivers, Forecast Analysis By 2033 here
News-ID: 3564383 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for BSM
Global BSM Units Market Research Report 2024-2030
The market is mainly driven by the significant applications of BSM Units in various end use industries. The expanding demands from the Commercial Vehicles and Passenger Vehicles, are propelling BSM Units market
Global Leading Market Research Publisher QYResearch announces the release of its lastest report "Global BSM Units Market Report, History and Forecast 2019-2030, Breakdown Data by Manufacturers, Key Regions, Types and Application". Based on historical analysis (2019-2023) and forecast calculations…
Business Spend Management (BSM) Software Market to Witness a Pronounce Growth du …
The Global Business Spend Management (BSM) Software Market report is one of the most comprehensive and important data about business strategies, qualitative and quantitative analysis of the Global Market. Global Business Spend Management (BSM) Software Market research report offers extensive research and analysis of key aspects of the global Global Business Spend Management (BSM) Software market.
The report on Global Business Spend Management (BSM) Software Market covers big geographical, as…
Commercial Telematics Market Outlook Covering Mix Telematics, Trimble Navigation …
Telematics is methodology of monitoring the location and movement of vehicle by combination of Global Positioning System (GPS) and on-boards diagnostics systems. With the help of GPS and diagnostics system, it is possible to record the speed and internal behavior of the vehicle. Telematics systems are majorly adopted by automobile insurance companies, fleet management companies, and others to monitor the location and behavior of the vehicle.
A2Z Market Research announces the…
Blind Spot Monitor (BSM) Market to Witness Robust Expansion by 2024
LP INFORMATION offers a latest published report on Blind Spot Monitor (BSM) Market Analysis and Forecast 2019-2024 delivering key insights and providing a competitive advantage to clients through a detailed report.
According to this study, over the next five years the Blind Spot Monitor (BSM) 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…
Path Breaking BSM Bharat Samriddhi Mark by Banasthali Dean Prof Harsh Purohit
It is very important for every nation that its people buy the products manufactured by the domestic companies, and particularly for a country like India which has a big problem of unemployment.
After pursuing the path of liberalization while on one hand India's - GDP Gross Domestic Product has gone up and the competitiveness of Indian industry and the farmers has also witnessed a rise but the question before nation at…
Coggins International Awarded The DLA Energy BSM-E Formal Training Contract
Coggins International announced today their award of the DLA Energy BSM-E formal training contract—to provide instructional support, course development and support services for the Base Level FuelsManager Defense (FMD) applications, FMD 6.0, FuelsManager Defense Express (FMDE), a web-enabled application, and all associated applications and interfaces, within the BSM-E architecture. The objective of formal instructional support, whether in a classroom or regional environment, is to maintain currency and efficiency of all…
