Retail Sourcing and Procurement Market - Global Industry Analysis

Retail Sourcing and Procurement Market By Solution (Procure-To-Pay, Contract Management, Spend Analysis, Supplier Management, and Strategic Sourcing), By Service (Training and Support, Implementation, and Consulting), By Deployment Type (On-Premises, and Cloud), and By User Type (Large Enterprise, and Small and Medium Enterprise (SME)): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 26-Feb-2021 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-1271 Status : Published

The retail sourcing and procurement market is set for rapid growth over the forecast period. In terms of revenue, the global retail sourcing and procurement market accounted for USD 3.8 Billion in 2019 and is expected to reach USD 9.1 Billion by 2026, growing at a CAGR of 13.4%.

Description

The retail sourcing and procurement market is set for rapid growth over the forecast period. In terms of revenue, the global retail sourcing and procurement market accounted for USD 3.8 Billion in 2019 and is expected to reach USD 9.1 Billion by 2026, growing at a CAGR of 13.4%.

Global Retail Sourcing and Procurement Market: Overview

The procurement and sourcing processes are designed in order to engage and evaluate the suppliers for acquiring services and goods. It includes processes such as insourcing, outsourcing, strategic sourcing, and global sourcing among others. In order to enhance the consumer experience, the retail industry has shifted to industrialized, automated, and cloud-based solutions for the retention of customers. To increase sales and business the retail industry has focused on the adoption of mobile and cloud technologies for procurement and sourcing activities.

Global Retail Sourcing and Procurement Market: Growth Factors

In procurement activities, automation has created a new trend and is being widely adopted; this is going to continue in the future owing to the adoption of mobile applications and cloud-based applications that support the sourcing and procurement process. Large retailers, in order, to maintain their position in the market are evolving technologically and are getting opportunities to become the industry infrastructure providers owing to the high demand for store operations and inventory management. The better visibility in data that is related to sourcing and improved relationship between suppliers and retailers and the demand for centralized procurement processes are the factors that are driving the market growth. The end-users are becoming more informed about resources owing to the wide range of product choices and the rapid globalization, thus the retail sourcing and procurement market is growing.

Global Retail Sourcing and Procurement Market: Segmentation

The global retail sourcing and procurement market is segmented into solution, service, deployment type, user type, and region. On the basis of the solution, the global market is segregated into procure-to-pay, contract management, spend analysis, supplier management, and strategic sourcing. Based on the services provided by the retail sourcing and procurement the market is categorized as training and support, implementation, and consulting. There are two types of deployment mode which are on-premises and cloud. The different types of a user include large enterprise and small and medium enterprise (SME). Region-wise, the market is diversified into regions such as Europe, Asia Pacific, North America, Latin America, and Middle East and Africa.

Global Retail Sourcing and Procurement Market: Regional Analysis

The largest market share for the retail sourcing and procurement market was accounted by North America. The factors that contributed to this growth are better network infrastructure, digital penetration in logistics and support, technological advancement, and digital penetration in logistics and support. North America is followed by Europe and the Asia-Pacific region. The factors that attributed to this growth include rapidly developing infrastructure, growing technology user base, and increasing technology penetration.

Global Retail Sourcing and Procurement Market: Competitive Players

Some of the key players in the Retail Sourcing and Procurement market are Oracle Corporation, Sciquest, JDA Software Group, GT Nexus, Proactis, Zycus Inc., Ivalua Inc., SAP SE, IBM Corporation, Epicor Software Corporation, GEP, Tradogram, Cegid, and Vroozi among others. 

Global Retail Sourcing and Procurement Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1.Preface
    • 1.1.Report Description
    • 1.1.Report Scope
  • Chapter 2.Research Methodulogy
    • 2.1.Research Methodulogy
    • 2.2.Secondary Research
    • 2.3.Primary Research
    • 2.4.Models
      • 2.4.1.Company Share Analysis Model
      • 2.4.2.Revenue Based Modeling
    • 2.5.Research Limitations
  • Chapter 3.Executive Summary
    • 3.1.Global Retail Sourcing and Procurement Market, 2016 – 2026 (USD Million)
    • 3.2.Global Retail Sourcing and Procurement Market: Snapshot
  • Chapter 4.Retail Sourcing and Procurement Market – Industry Analysis
    • 4.1.Introduction
    • 4.2.Market Drivers
      • 4.2.1.Driving Factor 1 Analysis
      • 4.2.2.Driving Factor 2 Analysis:
    • 4.3.Market Restraints
      • 4.3.1.Restraining Factor Analysis
    • 4.4.Market Opportunities
      • 4.4.1.Market Opportunity & Use-case Anaysis
      • 4.4.2.Use – Cases for Retail Sourcing and Procurement
    • 4.5.Porter’s Five Forces Analysis
    • 4.6.COVID 19 Impact Analysis
      • 4.6.1.1.Impact on Product Development and Technulogy Adoption
      • 4.6.1.2.Gap Analysis
  • Chapter 5.Investment Proposition Analysis
    • 5.1.Global Retail Sourcing and Procurement Market Attractiveness, By Sulution
    • 5.2.Global Retail Sourcing and Procurement Market Attractiveness, By Service
    • 5.3.Global Retail Sourcing and Procurement Market Attractiveness, By Deployment Type
    • 5.4.Global Retail Sourcing and Procurement Market Attractiveness, By User Type
    • 5.5.Global Retail Sourcing and Procurement Market Attractiveness, By Region
  • Chapter 6.Competitive Landscape
    • 6.1.Company Market Share Analysis - 2019
      • 6.1.1.Global Retail Sourcing and Procurement Market: Company Market Share, 2019
    • 6.2.Strategic Developments
    • 7.1.Global Retail Sourcing and Procurement Market Overview: by Sulution
      • 7.1.1.Global Retail Sourcing and Procurement Market Revenue Share, by Sulution, 2019 & 2026
    • 7.2.Global Retail Sourcing and Procurement Market Analysis/Overview – By Sulution
      • 7.2.1.Procure-To-Pay – Overview/Analysis
      • 7.2.2.Contract Management – Overview/Analysis
      • 7.2.3.Spend Analysis – Overview/Analysis
      • 7.2.4.Supplier Management – Overview/Analysis
      • 7.2.5.Strategic Sourcing – Overview/Analysis
    • 7.3.Procure-To-Pay
      • 7.3.1.Global Retail Sourcing and Procurement Market for Procure-To-Pay, Revenue (USD Million) 2016 - 2026
    • 7.4.Contract Management
      • 7.4.1.Global Retail Sourcing and Procurement Market for Contract Management, Revenue (USD Million) 2016 - 2026
    • 7.5.Spend Analysis
      • 7.5.1.Global Retail Sourcing and Procurement Market for Spend Analysis, Revenue (USD Million) 2016 - 2026
    • 7.6.Supplier Management
      • 7.6.1.Global Retail Sourcing and Procurement Market for Supplier Management, Revenue (USD Million) 2016 - 2026
    • 7.7.Strategic Sourcing
      • 7.7.1.Global Retail Sourcing and Procurement Market for Strategic Sourcing, Revenue (USD Million) 2016 - 2026
    • 8.1.Global Retail Sourcing and Procurement Market Overview: by Service
      • 8.1.1.Global Retail Sourcing and Procurement Market Revenue Share, by Service, 2019 & 2026
    • 8.2.Global Retail Sourcing and Procurement Market Analysis/Overview – By Service
      • 8.2.1.Training and Support – Overview/Analysis
      • 8.2.2.Implementation – Overview/Analysis
      • 8.2.3.Consulting – Overview/Analysis
    • 8.3.Training and Support
      • 8.3.1.Global Retail Sourcing and Procurement Market for Training and Support, Revenue (USD Million) 2016 - 2026
    • 8.4.Implementation
      • 8.4.1.Global Retail Sourcing and Procurement Market for Implementation, Revenue (USD Million) 2016 - 2026
    • 8.5.Consulting
      • 8.5.1.Global Retail Sourcing and Procurement Market for Consulting, Revenue (USD Million) 2016 - 2026
    • 9.1.Global Retail Sourcing and Procurement Market Overview: by Deployment Type
      • 9.1.1.Global Retail Sourcing and Procurement Market Revenue Share, by Deployment Type, 2019 & 2026
    • 9.2.Global Retail Sourcing and Procurement Market Analysis/Overview – By Deployment Type
      • 9.2.1.On-Premises – Overview/Analysis
      • 9.2.2.Cloud – Overview/Analysis
    • 9.3.On-Premises
      • 9.3.1.Global Retail Sourcing and Procurement Market for On-Premises, Revenue (USD Million) 2016 - 2026
    • 9.4.Cloud
      • 9.4.1.Global Retail Sourcing and Procurement Market for Cloud, Revenue (USD Million) 2016 - 2026
    • 10.1.Global Retail Sourcing and Procurement Market Overview: by User Type
      • 10.1.1.Global Retail Sourcing and Procurement Market Revenue Share, by User Type, 2019 & 2026
    • 10.2.Global Retail Sourcing and Procurement Market Analysis/Overview – By User Type
      • 10.2.1.Large Enterprise – Overview/Analysis
      • 10.2.2.Small and Medium Enterprise (SME) – Overview/Analysis
    • 10.3.Large Enterprise
      • 10.3.1.Global Retail Sourcing and Procurement Market for Large Enterprise, Revenue (USD Million) 2016 - 2026
    • 10.4.Small and Medium Enterprise (SME)
      • 10.4.1.Global Retail Sourcing and Procurement Market for Small and Medium Enterprise (SME), Revenue (USD Million) 2016 - 2026
  • Chapter 11.Retail Sourcing and Procurement Market – Regional Analysis
    • 11.1.Global Retail Sourcing and Procurement Market: Regional Overview
      • 11.1.1.Global Retail Sourcing and Procurement Market Revenue Share, by Region, 2019 & 2026
      • 11.1.2.Global Retail Sourcing and Procurement Market Revenue, by Region, 2016 – 2026 (USD Million)
    • 11.2.North America
      • 11.2.1.North America Retail Sourcing and Procurement Market Revenue, 2016 - 2026 (USD Million)
      • 11.2.2.North America Retail Sourcing and Procurement Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.2.3.North America Retail Sourcing and Procurement Market Revenue, by Sulution, 2016 – 2026
      • 11.2.4.North America Retail Sourcing and Procurement Market Revenue, by Service, 2016 – 2026
      • 11.2.5.North America Retail Sourcing and Procurement Market Revenue, by Deployment Type, 2016 – 2026
      • 11.2.6.North America Retail Sourcing and Procurement Market Revenue, by User Type, 2016 – 2026
      • 11.2.7. U.S.
      • 11.2.8.Canada
    • 11.3.Europe
      • 11.3.1.Europe Retail Sourcing and Procurement Market Revenue, 2016 - 2026 (USD Million)
      • 11.3.2.Europe Retail Sourcing and Procurement Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.3.3.Europe Retail Sourcing and Procurement Market Revenue, by Sulution, 2016 – 2026
      • 11.3.4.Europe Retail Sourcing and Procurement Market Revenue, by Service, 2016 – 2026
      • 11.3.5.Europe Retail Sourcing and Procurement Market Revenue, by Deployment Type, 2016 – 2026
      • 11.3.6.Europe Retail Sourcing and Procurement Market Revenue, by User Type, 2016 – 2026
      • 11.3.7.Germany
      • 11.3.8.France
      • 11.3.9. U.K.
      • 11.3.10.Italy
      • 11.3.11.Spain
      • 11.3.12.Rest of Europe
    • 11.4.Asia Pacific
      • 11.4.1.Asia Pacific Retail Sourcing and Procurement Market Revenue, 2016 - 2026 (USD Million)
      • 11.4.2.Asia Pacific Retail Sourcing and Procurement Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.4.3.Asia Pacific Retail Sourcing and Procurement Market Revenue, by Sulution, 2016 – 2026
      • 11.4.4.Asia Pacific Retail Sourcing and Procurement Market Revenue, by Service, 2016 – 2026
      • 11.4.5.Asia Pacific Retail Sourcing and Procurement Market Revenue, by Deployment Type, 2016 – 2026
      • 11.4.6.Asia Pacific Retail Sourcing and Procurement Market Revenue, by User Type, 2016 – 2026
      • 11.4.7.China
      • 11.4.8.Japan
      • 11.4.9.India
      • 11.4.10.South Korea
      • 11.4.11.South-East Asia
      • 11.4.12.Rest of Asia Pacific
    • 11.5.Latin America
      • 11.5.1.Latin America Retail Sourcing and Procurement Market Revenue, 2016 - 2026 (USD Million)
      • 11.5.2.Latin America Retail Sourcing and Procurement Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.5.3.Latin America Retail Sourcing and Procurement Market Revenue, by Sulution, 2016 – 2026
      • 11.5.4.Latin America Retail Sourcing and Procurement Market Revenue, by Service, 2016 – 2026
      • 11.5.5.Latin America Retail Sourcing and Procurement Market Revenue, by Deployment Type, 2016 – 2026
      • 11.5.6.Latin America Retail Sourcing and Procurement Market Revenue, by User Type, 2016 – 2026
      • 11.5.7.Brazil
      • 11.5.8.Mexico
      • 11.5.9.Rest of Latin America
    • 11.6.The Middle-East and Africa
      • 11.6.1.The Middle-East and Africa Retail Sourcing and Procurement Market Revenue, 2016 - 2026 (USD Million)
      • 11.6.2.The Middle-East and Africa Retail Sourcing and Procurement Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.6.3.The Middle-East and Africa Retail Sourcing and Procurement Market Revenue, by Sulution, 2016 – 2026
      • 11.6.4.The Middle-East and Africa Retail Sourcing and Procurement Market Revenue, by Service, 2016 – 2026
      • 11.6.5.The Middle-East and Africa Retail Sourcing and Procurement Market Revenue, by Deployment Type, 2016 – 2026
      • 11.6.6.The Middle-East and Africa Retail Sourcing and Procurement Market Revenue, by User Type, 2016 – 2026
      • 11.6.7.GCC Countries
      • 11.6.8.South Africa
      • 11.6.9.Rest of Middle-East Africa
  • Chapter 12.Company Profiles
    • 12.1.Oracle Corporation
      • 12.1.1.Company Overview
      • 12.1.2.Financial Overview
      • 12.1.3.Product Portfulio
      • 12.1.4.Business Strategy
      • 12.1.5.Recent Developments
    • 12.2.Jaggaer
    • 12.3.JDA Software Group
    • 12.4.GT Nexus
    • 12.5.Proactis
    • 12.6.Zycus Inc.
    • 12.7.Ivalua Inc.
    • 12.8.SAP SE
    • 12.9.IBM Corporation
    • 12.1.Epicor Software Corporation
    • 12.11.GEP
    • 12.12.Tradogram
    • 12.13.Cegid
    • 12.14.Vroozi
    • 12.15.Others

Methodology


Frequently Asked Questions

Automation has created a new trend and is being widely adopted; this is going to continue in the future owing to the adoption of mobile applications and cloud-based applications that support the sourcing and procurement process. Large retailers, in order, to maintain their position in the market are evolving technologically and are getting opportunities to become the industry infrastructure providers owing to the high demand for store operations and inventory management.

According to Zion Market Research, the retail sourcing and procurement market is expected to generate revenue of around USD 9.1 Billion by end of 2026, growing at a CAGR of around 13.4% between 2020 and 2026.

The largest market share for the retail sourcing and procurement market was accounted by North America. The factors that contributed to this growth are better network infrastructure, digital penetration in logistics and support, technological advancement, and digital penetration in logistics and support.

Some of the key players in the retail sourcing and procurement market are Oracle Corporation, Sciquest, JDA Software Group, GT Nexus, Proactis, Zycus Inc., Ivalua Inc., SAP SE, IBM Corporation, Epicor Software Corporation, GEP, Tradogram, Cegid, and Vroozi among others.

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