The global sourcing software market is anticipated to grow at a CAGR of 8.2% during the forecast period. The market growth is spurring owing to its greater simplicity, improved mobility, and high scalability in comparison to on-premises. Furthermore, the cloud model also reduces implementation effort and cost along with the rapid transition to new technologies and business processes is also eliminated to an extent. Cloud computing systems are facilitating advanced sustainable developments in Supply Chain Management (SCM) applications. Cloud networking offers unparalleled insight and real-time touch/impact capabilities, resulting in an intelligent supply network and emerging operating models. Using this benefit, businesses can effectively communicate with their retailers, suppliers, and consumers. Cloud connectivity also offers infrastructure benefits such as dynamic provisioning, multi-tenancy, increased use of the server, and data center efficiency.
Browse the full report description of “Sourcing Software Market Size, Share & Trends Analysis Report by Type (On-premise and Cloud), by Enterprise Size (Large Enterprises and Small & Medium Enterprises), and by End-User (BFSI, IT and Telecom, Media and Entertainment, Retail and E-Commerce, Healthcare, Government, Education, Travel and Transport) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/sourcing-software-market
With the rising demand for sourcing software, market players adopted various strategies including mergers and acquisitions, partnerships, funding, collaborations, and new product launches to stay competitive in the market. For instance, in July 2020, Applied Materials, Inc. launched a big new program aimed at building a more sustainable supply chain for semiconductor and display production. SuCCESS2030 (Supply Chain Certification for Environmental and Social Sustainability) optimizes the collection, sourcing, storage, warehousing, transport, and recycling of goods and components to minimize energy and pollution and conserve resources. Additionally, in March 2022, Aavenir, an AI-enabled Source-to-Pay solution provider, raised $6.0 million in Series A funding to make source-to-pay smarter and faster through technology. In February 2022, RangeMe, a significant product discovery and sourcing platform, expanded its industry-standard service offering by giving US retail buyers the ability to now purchase products directly from suppliers.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o Deployment
o Enterprise Size
o End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Aavenir, IBM Corp, Microsoft Corp., Oracle Corp., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Sourcing Software Market Report Segment
By Deployment
By Enterprise Size
By End-User
Global Sourcing Software Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/sourcing-software-market