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Retail Sourcing and Procurement Software Market by Component (Solution, Strategic Sourcing, Supplier Network, Contract Management, Procure-to-pay, Service, Implementation, Training & Support and Consultation) and Deployment Type (Cloud and On-premise) - Global Opportunities Analysis and Industry Forecast, 2019-2026
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Jul 2019 |
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Retail sourcing and procurement software is used by the retail industry for managing the transactions related to sourcing and procurement of goods and services from different vendors and resource providers. The emergence of new business models and technological advancement are creating a need for retail sourcing and procurement software. Retail sourcing and procurement software facilitates spend analysis, contract management, financial savings management, and request management software. The retail industry is shifting towards automation and expansion in the range of services and goods to enhance the customer experience and customer retention.
The global retail sourcing and procurement software market is expected to register substantial growth in the near future, attributed to an increased technology adoption, e-commerce, income growth in emerging economies, and changing consumer behavior.
Other factors that drive the retail sourcing and procurement software are rising need of supplier management, supply chain management, procurement, selling and fulfillment, and big data analytics. However, factors such as high costs, limited technical knowledge among the enterprise workforce, lack of awareness and resisting behavior, volatility in the market in terms of prices of commodity, and fuel & labor rates, are likely to restrain the growth of the market. In addition, the inability to manage the supplier efficiently is one of the challenges in front of the global retail sourcing and procurement software market. Nevertheless, the evolving potential markets, growth of mobile applications, and increasing partnerships across key vendors are creating huge opportunities in the global retail sourcing and procurement software market.
The market is recognized by stiff competition by key vendors. Big players are trying to adopt techniques like acquisition, partnership, and agreements to extend the portfolio and customer reach. The technological innovations are expected to drive the market into further competition. For instance, Epicore Software Corp. has acquired KKR & C. L.P for further product innovation in September 2016.
The report segments the retail sourcing and procurement software on the basis of component, deployment type, and geography. Based on component, the market is segmented into solution and services. Solution segment is further studied across strategic sourcing, supplier network, contract management, and Procure-to-Pay.
Service is further segmented into implementation, training and support, and consultation. According to the deployment, the market is classified into cloud and on-premises. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
Comprehensive competitive analysis and profiles of major market players such as SAP, IBM, Zycus, Vroozi, LogicSource, Bristlecone, Perfect Commerce, GEP, Infor, and Cegid are also provided in this report.
Key Benefits
- This report provides an extensive analysis of the current and emerging market trends and dynamics in the global retail sourcing and procurement software market.
- In-depth analysis has been done in this report by constructing market estimations for the key market segments between 2016 and 2023.
- Geographically, the retail sourcing and procurement software market is analyzed based on various regions such as North America, Europe, Asia-Pacific, and LAMEA.
- This study evaluates competitive landscape and value chain has been taken into account to help in understanding the competitive environment across the geographies.
- This report entails the detailed quantitative analysis of the current market and estimations through 2016-2023, which assists in identifying the prevailing market opportunities.
- Exhaustive analysis of the global retail sourcing and procurement software market by type helps in understanding the types of gloves that are currently being used along with the variants that would gain prominence in the future.
- SWOT analysis highlights the internal environment of the leading companies for effective strategy formulation.
- Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
- Comprehensive analysis of all regions is provided that determines the prevailing opportunities in these geographies.
Retail Sourcing And Procurement Software Market Key Segments:
By Component
- Solution
- Strategic Sourcing
- Supplier Network
- Contract Management
- Procure-to-pay
- Service
- Implementation
- Training and support
- Consultation
By Deployment Type
- Cloud
- On-premise
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- Australia
- China
- India
- Japan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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