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Retail Sourcing and Procurement Market Share

Report ID: GMI10686
Published Date: Aug 2024
Report Format: PDF

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Retail Sourcing and Procurement Market Share

SAP SE, Oracle Corporation, and Coupa Software Inc. hold a significant market share of over 13% in retail sourcing and procurement industry. These major players are leveraging artificial intelligence and machine learning to enhance their platforms, offering predictive analytics for demand forecasting and intelligent supplier selection. These firms are also investing heavily in cloud-based solutions, allowing for greater scalability and real-time data access. Companies such as Coupa Software and Jaggaer are emphasizing user experience and integration capabilities, developing intuitive interfaces and robust APIs to connect with other enterprise systems seamlessly.

Additionally, there is also a trend towards sustainability and ethical sourcing among top players. Companies such as GEP Smart and Ivalua are incorporating features that help retailers track and improve their environmental impact and ensure compliance with labor standards throughout the supply chain.

Retail Sourcing and Procurement Market Companies

Major players operating in the retail sourcing and procurement industry are:

Coupa Software Inc.
Epicor Software Corporation
GEP Smart
IBM Corporation
Infor Inc.
Ivalua Inc.
Jaggaer (formerly SciQuest)
Oracle Corporation
SAP SE
Zycus Inc.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of retail sourcing and procurement reached USD 4.1 billion in 2023 and is set to register over 10% CAGR between 2024 and 2032, led by digital transformation and globalization of supply chain.

The large enterprises segment is anticipated to register over 8.5% CAGR from 2024 to 2032, owing to stringent regulatory requirements and need for robust procurement solutions to ensure compliance.

North America market held over 35%share in 2023, attributed to complex supply chains that require advanced procurement solutions.

Coupa Software Inc., Epicor Software Corporation, GEP Smart, IBM Corporation, Infor Inc., Ivalua Inc., Jaggaer (formerly SciQuest), Oracle Corporation, SAP SE, and Zycus Inc.