Scanmarket Strengths, Domain Expertise, and Key Differentiators
Founded in 1999, Scanmarket is a provider of a Strategic Sourcing platform. Its sole focus is on driving real, measurable business results via an easy to deploy, easy to use platform which includes: Spend Analysis, eSourcing (RFx & Auctions), Project Management, Contract Management, Supply Base Management, and eLearning.
Scanmarket Recent Developments
In January 2021, Scanmarket brings artificial intelligence and analytics into its Source-to-Contract platform, Scanmarket introduces a new Spend Analytics module.
In October 2019, Scanmarket, unveiled the release of their newest version of Supply Base Management (SBM). With this release, Scanmarket wants to solidify its unique position as the provider of strategic sourcing solutions that are simultaneously easy-to-use and implement as well as delivering cutting-edge functionality.
Scanmarket Mergers and Acquisitions (M&A) Activities
In October 2021, Scanmarket acquired Symfact Symfact of Switzerland, an enterprise Contract Lifecycle Management and Third-Party Risk Management software company specializing in artificial intelligence and machine learning applied to the legal market. Symfact is headquartered in Sugiez-Bern, Switzerland, and has 22 employees.
In January 2021, Scanmarket expands analytics capabilities with the acquisition of artificial intelligence company MIA Data.
In January 2019, Scanmarket sold 90% of its business to private equity firm Verdane. Founders, CCO Ole Nielsen, and sibling, and business partner CEO Betina Nygaard, reinvested 10% into the firm and in doing so retained their roles in the leadership and development of the company.
Scanmarket Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Scanmarket applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Scanmarket and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Scanmarket has easy to deploy, easy to use platform which includes: Spend Analysis, eSourcing (RFx & Auctions), Project Management, Contract Management, Supply Base Management, eLearning, customers.
Scanmarket Overview
Ownership: - x
Number of Employees: 75
Functional Markets: Procurement, SCM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K140, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Scanmarket Key Enterprise and Cloud Applications
Scanmarket has easy to deploy, easy to use platform which includes: Spend Analysis, eSourcing (RFx & Auctions), Project Management, Contract Management, Supply Base Management, eLearning,
Scanmarket Revenues, $M:
| Type/Year | 2020 | 2021 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Scanmarket Revenue Breakdown By Type, $M:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
Scanmarket Enterprise Applications Revenues By Functional Markets, $M:
Scanmarket Enterprise Applications Revenues By Verticals, $M:
Scanmarket Revenues By Region, $M
| Region | % of Total Revenues | 2021 Total Revenues, $M | 2021 Enterprise Applications Revenues, $M | 2021 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Scanmarket Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Scanmarket Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Scanmarket Customers
No. of Scanmarket Customers: 350
No. of Scanmarket Enterprise Applications Customers: 350
No. of Scanmarket Cloud Customers: x
No. of Scanmarket Cloud Subscribers: x
Scanmarket cloud-based solution is used by 350+ customers across more than 80 countries. Among its customers are Zep, ISS, Grundfos, Assa Abloy, Emirates Flight catering, Danfoss, Nissan, Liberty Global, Convatec, Takeda.
Scanmarket Market Opportunities, M&A and Geo Expansions
One of the many оpportunities of Scanmarket on the market is that it integrates with all primary systems, such as Microsoft Dynamics, Oracle, SAP, Coupa, Sievo, and many more.
In January 2019, Verdane Edda invested in Scanmarket. The goal of the investment is to strengthen Scanmarket's position as a best-of-breed solution within eSourcing and to build a leading international Source-2-Contract (S2C) software company that helps procurement professionals in achieving cost savings.
In May 2017, Scanmarket A/S added Basware as a new solution partner for Purchase to Pay (P2P). Scanmarket can now recommend Basware Purchase-to-Pay and its supplier network to its customers to automate procurement and finance processes and connect with over one million organizations on the world's largest open business network.
Scanmarket Risks and Challenges
Over the past couple of years, the company has been busy changing up its product offerings, developing new solutions, and in some cases, redeveloping legacy solutions to meet the changing needs of the market.
Scanmarket Ecosystem, Partners, Resellers and SI
In August 2018, 4C Associates and Scanmarket partnered to provide leading businesses with in-depth procurement expertise, alongside cutting-edge eSourcing solutions. To better serve its global customers, Scanmarket expanded operations with offices in Denmark, Belgium, Germany, Netherlands, United Kingdom, and the United States.
Scanmarket has established partnerships with consulting companies and solution providers as well, such as Advanced Business Systems, Arish Consulting, Basware, ConnXus, Denali Group, Logic Solutions, KPMG, NegoSmart, Paladin Associates, Positive Purchasing, PrECA, Spend360, and others.
Scanmarket Cloud Infrastructure Insights
Subscribe to read more about:
- Scanmarket Public Cloud and Infrastructure (IaaS)
- Scanmarket Platform (PaaS)
- Scanmarket Application Delivery
- Scanmarket Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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