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Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Retail Sourcing and Procurement Market (2021 to 2026) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts - ResearchAndMarkets.com

November 25, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Nov 25, 2021--

The “Retail Sourcing and Procurement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.

The global retail sourcing and procurement market exhibited strong growth during 2015-2020. Looking forward, the publisher expects the global retail sourcing and procurement market to grow at a CAGR of around 12% during the forecast period (2021-2026).

Companies Mentioned

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  • Basware Corporation
  • Blue Yonder Group Inc. (Panasonic Corp.)
  • Epicor Software Corporation
  • International Business Machines Corporation
  • Infor Inc. (Koch Industries Inc.)
  • Ivalua Inc
  • Kinaxis
  • Oracle Corporation
  • Proactis Holdings Plc
  • SAP SE
  • JAGGAER Inc.
  • Zycus Inc.

Retail sourcing and procurement refers to the services used by organizations for evaluating and engaging the suppliers for acquiring goods and services. It involves processes such as insourcing, outsourcing and global and strategic sourcing through automated, mobile and cloud technologies. The retail sourcing and procurement solutions also facilitate supplier and contract management and offer services, such as procure-to-pay and spend analysis. They are commonly used by small, medium and large-sized organizations for implementation, training and consulting to optimize sourcing and procurement activities, improve customer retention and enhance overall consumer experience.

Significant growth in the retail industry across the globe is one of the key factors creating a positive outlook for the market. Retail sourcing and procurement solutions facilitate the organizations to automate spend management activities and improve the efficiency of procure-to-pay processes. Moreover, the increasing demand for enhanced visibility in tracking related data, centralized procurement processes and improved collaboration between retailers and suppliers is providing a thrust to the market growth.

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Additionally, various technological advancements, such as the integration of connected devices with the Internet of Things (IoT), artificial intelligence (AI), cloud technology and big data solutions, are acting as other growth-inducing factors. The adoption of these technologies enables the enterprises to trace and procure goods promptly, efficiently, maximize profits and keep track of the future business transaction and supplier performance. Other factors, including rising expenditure capacities of the consumers, along with increasing automation in procurement activities, are anticipated to drive the market toward growth.

Key Questions Answered in This Report:

  • How has the global retail sourcing and procurement market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global retail sourcing and procurement market?
  • What are the key regional markets?
  • What is the breakup of the market based on the solution?
  • What is the breakup of the market based on the service?
  • What is the breakup of the market based on the deployment?
  • What is the breakup of the market based on the end use?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global retail sourcing and procurement market and who are the key players?
  • What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Retail Sourcing and Procurement Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Solution

7 Market Breakup by Service

8 Market Breakup by Deployment

9 Market Breakup by End Use

10 Market Breakup by Region

11 SWOT Analysis

12 Value Chain Analysis

13 Porters Five Forces Analysis

14 Price Analysis

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players

15.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/i2ztil

View source version on businesswire.com:https://www.businesswire.com/news/home/20211125006111/en/

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KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY RETAIL DATA MANAGEMENT OTHER RETAIL

SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 11/25/2021 11:03 AM/DISC: 11/25/2021 11:03 AM

http://www.businesswire.com/news/home/20211125006111/en