Worldwide Procurement Applications Forecast, 2023–2027: Solid Growth Expected Driven by Value Delivery
This IDC study presents a five-year forecast for the worldwide procurement applications market."The many global disruptive events of the recent past have served to highlight the value of procurement applications and serve as a strong tailwind for the space at large. Providers are continuing their brisk pace of innovation and are adding new capabilities centered on ease of use, automation, stakeholder engagement, and time to value. Across our coverage universe, providers are experiencing robust growth, and IDC expects this to continue." — Patrick Reymann, research director, Procurement and Enterprise Applications, IDC
Please Note: Extended description available upon request.
- IDC Market Forecast Figure
- Executive Summary
- Advice for Technology Suppliers
- Market Forecast
- Market Context
- Drivers and Inhibitors
- Drivers
- Digital Transformation Efforts Transcend the Enterprise, and Procurement Plays a Prominent Role
- Procurement Applications Continue to Add Functionality and Improve the User Experience
- Procurement Has a More Prominent Seat at the Table
- Inhibitors
- The Long-Predicted Recession That May or May Not Happen
- Too Many Options?
- Significant Market Developments
- Changes from Prior Forecast
- Market Definition
- Methodology
- Related Research
Research Assistance
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