AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

IT Software Market Procurement Intelligence Report | Evolving Opportunities with Microsoft Corp and Oracle Corp in the IT Software Market | SpendEdge

February 4, 2020 GMT

LONDON--(BUSINESS WIRE)--Feb 4, 2020--

SpendEdge has been monitoring the global IT software market and the market is poised to experience spend growth of more than USD 600 billion between 2019-2024 at a CAGR of more than 4% during the forecast period. Request Free Sample Pages.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200204005375/en/

Read the 121-page research report with TOC and LOE on “The Global IT Software Market – Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, top suppliers, supplier selection and negotiation strategies, and insights into best practices to optimize procurement spend.”

The incremental spend exhibited by buyers from the BFSI and retail sectors are the prime factor contributing to the increase in spend growth in the global IT software market. The popularity of relationship-based selling among buyers from the BFSI and retail sectors is driving the application of IT software that aids in identifying customer profiles to drive sales.

Subscribe to our procurement platformto get instant access to over 1000 market-ready procurement intelligence reports without any additional costs or commitment.

The Top IT Software Suppliers Enlisted in this Report:

This report has listed the top IT Software suppliers, SLA agreement insights, and the selection and negotiation strategies that buyers must undertake to achieve optimal and cost-effective procurement in this market. Insights into some of the suppliers are given below:

Microsoft Corp – Procurement and maintenance of IT software is a costly proposition in general and this expense can spiral over the period. This makes it imperative for buyers to perform a comprehensive TCO calculation of this supplier’s offerings prior to the selection. Buyers must factor in the expected cost considerations with respect to technical support, maintenance fee, future upgrade cost, and manpower requirement cost in the TCO. It is also crucial for buyers to analyze SLAs for identifying hidden costs that can impact their TCO.

Oracle Corp - In order to ensure the procurement of the best-fit, tailored, or customized software solutions that can meet needs, buyers must perform on-site testing and seek a collaborative trial period before finalizing a contract with this supplier. Buyers are suggested to insist on getting service credits to reduce their costs during downtime.

Accenture Plc – Considering the complexity of the execution of software, buyers face a perpetual need to encounter a need for processes such as employee training, which require substantial investment if performed in-house. On this note, buyers are advised to collaborate with this supplier to bundle support services such as employee training along with the procurement of this product.

Buy 1 report and get the second for 50% off. Buy 2 reports and get the third for free. Download the free sample of this report on the IT software market.

Some of the key topics covered in this report are:

Free sample of reports that you may like:

About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more, https://www.spendedge.com/request-free-proposal

View source version on businesswire.com:https://www.businesswire.com/news/home/20200204005375/en/

CONTACT: SpendEdge

Anirban Choudhury

Marketing Manager

US: +1 630 984 7340

UK: +44 148 459 9299

https://www.spendedge.com/contact-us

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE

SOURCE: SpendEdge

Copyright Business Wire 2020.

PUB: 02/04/2020 10:30 AM/DISC: 02/04/2020 10:30 AM

http://www.businesswire.com/news/home/20200204005375/en