Retail Sourcing and Procurement Market

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.
Retail Sourcing and Procurement Market contains market size and forecasts of Retail Sourcing and Procurement in Global, including the following market information:
Global Retail Sourcing and Procurement Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Retail Sourcing and Procurement market was valued at 3262.1 million in 2021 and is projected to reach US$ 5332.6 million by 2028, at a CAGR of 7.3% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Strategic Sourcing Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Retail Sourcing and Procurement include Cegid, Epicor Software Corporation, GEP, GT Nexus, IBM Corporation, Ivalua, JDA Software Group, Proactis and SAP SEOracle Corporation, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Retail Sourcing and Procurement companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Retail Sourcing and Procurement Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Retail Sourcing and Procurement Market Segment Percentages, by Type, 2021 (%)
Strategic Sourcing
Supplier Management
Contract Management
Procure-to-Pay
Spend Analysis
Global Retail Sourcing and Procurement Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Retail Sourcing and Procurement Market Segment Percentages, by Application, 2021 (%)
Retail Enterprise
Others
Global Retail Sourcing and Procurement Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Retail Sourcing and Procurement Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Retail Sourcing and Procurement revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Retail Sourcing and Procurement revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Cegid
Epicor Software Corporation
GEP
GT Nexus
IBM Corporation
Ivalua
JDA Software Group
Proactis
SAP SEOracle Corporation
Sciquest
Tradogram
Vroozi
Zycus