Global Sourcing Software Market Growth (Status and Outlook) 2024-2030

Global Sourcing Software Market Growth (Status and Outlook) 2024-2030

Sourcing is the process of locating sources of goods and services of a company. It is a component of the procurement process. In procurement, major focus will be on the logistics of acquiring materials, whereas in sourcing the focus is to find the best and cost-effective suppliers for the resources. Since the profit of a business can rely heavily on finding the best possible sources, sourcing plays a vital role in the procurement process and in the overall supply chain management process.

The global Sourcing Software market size is projected to grow from US$ million in 2023 to US$ million in 2030; it is expected to grow at a CAGR of % from 2024 to 2030.

LPI (LP Information)' newest research report, the “Sourcing Software Industry Forecast” looks at past sales and reviews total world Sourcing Software sales in 2023, providing a comprehensive analysis by region and market sector of projected Sourcing Software sales for 2024 through 2030. With Sourcing Software sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Sourcing Software industry.

This Insight Report provides a comprehensive analysis of the global Sourcing 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 Sourcing Software portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Sourcing Software market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Sourcing 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 Sourcing Software.

The manufacturing sector accounted for the largest sourcing software market share in 2017 and will continue to dominate the market over the next few years. One of the major factors responsible for the growing demand of sourcing software is to reduce supply chain risk and costs through automation of the sourcing process.

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

Segmentation by type
On-premise
Cloud-based

Segmentation by application
Manufacturing
Retail
IT and Telecom
Healthcare
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.
IBM
SAP
Capgemini
ESM Solutions
Coupa Software
Jaggaer
Determine, Inc
Winddle
Xeeva
ClearTrack Information Network
eBid Systems
GEP Worldwide
Market Dojo
Zycus

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