Global Retail Sourcing & Procurement Solution Market Research Report to 2027 - Rising Potential in Evolving Markets Presents Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--Sep 30, 2022--

The "Retail Sourcing & Procurement Solution Market Research Report by Service, Solution, Deployment, End User, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Retail Sourcing & Procurement Solution Market size was estimated at USD 2,776.09 million in 2021, USD 3,150.93 million in 2022, and is projected to grow at a CAGR 13.67% to reach USD 5,991.37 million by 2027.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Retail Sourcing & Procurement Solution Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Retail Sourcing & Procurement Solution Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Retail Sourcing & Procurement Solution Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Retail Sourcing & Procurement Solution Market?

4. What is the competitive strategic window for opportunities in the Global Retail Sourcing & Procurement Solution Market?

5. What are the technology trends and regulatory frameworks in the Global Retail Sourcing & Procurement Solution Market?

6. What is the market share of the leading vendors in the Global Retail Sourcing & Procurement Solution Market?

7. What modes and strategic moves are considered suitable for entering the Global Retail Sourcing & Procurement Solution Market?

Market Dynamics

Drivers

• Growing Centralisation of Procurement Processes
• Increasing Adoption of Sourcing and Procurement Software
• Rising Need for Better Manage Internal Compliance to Contracts

Restraints

• Reluctance to Adopt New Technologies

Opportunities

• Increasing Development in the Retail Sourcing & Procurement Software
• Rising Potential in Evolving Markets

Challenges

• Inability to Manage Supplier Efficiency

Companies Mentioned

• Basware Corporation
• Bristlecone Inc.
• Coupa Software
• egid Group
• GT Nexus, Inc.
• HighJump Software
• IBM Corporation
• Infiniti Research Limited
• INFOR, INC
• Ivalua Inc
• JAGGAER , Inc.
• JDA Software Group
• JDA Software Group, Inc.
• Kinaxis Inc
• LogicSource, Inc.
• Medius AB
• NB Ventures, Inc.
• Oracle Corporation
• Perfect Commerce, LLC
• PROACTIS Holdings
• SAP SE.
• Vroozi, Inc.
• Zycus Inc.

For more information about this report visit https://www.researchandmarkets.com/r/h1g9yr

View source version on businesswire.com:https://www.businesswire.com/news/home/20220930005191/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./ CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

KEYWORD:

INDUSTRY KEYWORD: RETAIL OTHER RETAIL

SOURCE: Research and Markets

Copyright Business Wire 2022.