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Download Free sampleProducts within the Strategic Sourcing category support the work performed by procurement teams when planning for assessment and performance management initiatives. The functional capabilities typically included by Strategic Sourcing applications include project management, category management, savings tracking, data collection, team collaboration, and a supplier marketplace. Strategic sourcing is distinct from tactical and process focused applications that typically support operational requisitioning, ordering, invoicing, and payment processes.
Strategic Sourcing Solutions Market contains market size and forecasts of Strategic Sourcing Solutions in Global, including the following market information:
Global Strategic Sourcing Solutions Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Strategic Sourcing Solutions market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Cloud Based Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Strategic Sourcing Solutions include SAP, Precoro, RFP360, Jaggaer, BuyerQuest, Workday, Coupa, Procurify and Procol, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Strategic Sourcing Solutions 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 Strategic Sourcing Solutions Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Strategic Sourcing Solutions Market Segment Percentages, by Type, 2021 (%)
Cloud Based
On-premises
Global Strategic Sourcing Solutions Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Strategic Sourcing Solutions Market Segment Percentages, by Application, 2021 (%)
SMEs
Large Enterprises
Global Strategic Sourcing Solutions Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Strategic Sourcing Solutions 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 Strategic Sourcing Solutions revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Strategic Sourcing Solutions revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
SAP
Precoro
RFP360
Jaggaer
BuyerQuest
Workday
Coupa
Procurify
Procol
Anvyl
ProcurePort
PRM360
Bonfire
Zycus
Fairmarkit
MarketDojo
ProcureWare
Prokuria
Xeeva
GEP
Promena
SourceRFX
Medius
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