Global Procurement Management Software Market Growth (Status and Outlook) 2023-2029

Global Procurement Management Software Market Growth (Status and Outlook) 2023-2029

Procurement management software is a computer program that automates materials purchasing and maintaining inventory. It essentially does several jobs at once while maintaining accuracy in all. Just a few of its responsibilities include generating purchase orders, implementing the process of ordering, matching invoices to delivered materials, and making payment for the bills electronically.

LPI (LP Information)' newest research report, the “Procurement Management Software Industry Forecast” looks at past sales and reviews total world Procurement Management Software sales in 2022, providing a comprehensive analysis by region and market sector of projected Procurement Management Software sales for 2023 through 2029. With Procurement Management Software sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Procurement Management Software industry.

This Insight Report provides a comprehensive analysis of the global Procurement Management Software landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Procurement Management Software portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Procurement Management Software market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Procurement Management Software and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Procurement Management Software.

The global Procurement Management Software market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Procurement management software can help automate the entire requisition and procurement process, compare proposals, track vendor performance, reduce un-managed spend, gain real-time visibility and control, and deliver a strong, demonstrable ROI across your entire organization. When integrated with your ERP solution, your organization’s purchasing data is transmitted quickly, and is instantly available on financial and operational reports.

This report presents a comprehensive overview, market shares, and growth opportunities of Procurement Management Software market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Cloud-based
Web-based
Others

Segmentation by application
Large Companies and Multinational Enterprises
Small and Medium-sized Companies
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Tradogram
Promena
Officewise
GEP
NybSys
Empronc Solutions Pvt
Oracle
Comindware
Coupa
PurchaseControl
Bellwether
Procurify
ProjecTools
Paramount WorkPlace
MercuryGate International Inc
Agilyx New Zealand
Aufait

Please note: The report will take approximately 2 business days to prepare and deliver.