Top 10 Procurement Software Vendors, Market Size and Market Forecast 2018-2023

In 2018, the top 10 Procurement software vendors accounted for nearly 58.4% of the global Procurement applications market which grew 2.7% to approach nearly $5.3 billion in license, maintenance and subscription revenues.

In 2018, SAP led the pack with a 24.3% market share while Oracle was #2 followed by, Coupa Software, Microsoft and Mercateo.

We ask the simple question: Who’s buying Procurement applications from whom and why? And we provide the answers – supported by decades of research – to our clients around the world. (Sample from our Apps Database)

Through our forecast period, the Procurement applications market size is expected to reach $6 billion by 2023, compared with $5.3 billion in 2018 at a compound annual growth rate of 2.6%.

Source: Apps Run The World, December 2019

Top 10 Procurement Software Vendors

Procurement covers applications designed for purchasing material (whether direct or indirect; raw, in process, or finished; as a result of or flowing into a product supply chain-specific business process; or in support of performing a service) and services (business or professional).

Other functions include contract management, electronic network, punch-out, sourcing, and supplier rating to optimize the overall supplier relationship management business processes. Procurement applications revenues represent a major contributor to the Enterprise Resource Planning market as part of our market sizing exercise.

Supplier discovery and relationship management, coupled with networked markeplace, boost procurement activities.

Here are the rankings of the top 10 Procurement software vendors in 2018 and their market shares.

Source: Apps Run The World, December 2019

Other procurement software providers included in the report are: abas Business Software, Access Group, Achilles, Advanced (ex Science Warehouse), American Software, Aptos, Arrowstream, Asseco Group, Beeline, BirchStreet Systems, Bravosolution, CDK Global, Cegid, Comarch SoftM, Constellation Software Inc., Dairy.com, Determine, Inc., Digital Dimension, a Econocom Group Company, Duzon Digitalware, E2open, Ellucian, Epicor, ESM Solutions Corporation, Exact Holding BV, Exela Technologies, Inc., Fourth Ltd, FuturMaster, GFI Informatique, GHX, IBS Software Services, IFS, Ignite Technologies, Ivalua, JDA Software, KDS, LLamasoft, MercuryGate International, OBIC Co. Ltd., Oildex, Open Text Corporation, Openbravo, S.L.U., Oxygen Finance, Per Angusta, PRGX Global Inc., PRO Unlimited, PROACTIS Group, Procurify, Procuro, Pronto Software, QAD, Ramco Systems, River Logic, Inc., Roper Technologies, Inc., Sage, Scanmarket, Selenity, Sênior Sistemas, SmartERP, SupplyOn, Synertrade, Taulia, Tigernix Pte Ltd, Tungsten, TotalSoft, Tradeshift, UNIT4, Visma, Vormittag Associates Inc., VORTAL Connecting Business, Vroozi, WEX Health, Wax Digital, Workday, Yonyou, Zycus, and others.

Custom data cuts related to the Procurement Applications market are available:

• Top 60+ Procurement Applications Vendors and Market Forecast 2017-2022
• 2018 Procurement Applications Market By Industry (21 Verticals)
• 2018 Procurement Applications Market By Functional Market (16 Markets)
• 2018 Procurement Applications Market By Country (USA + 45 countries)
• 2018 Procurement Applications Market By Region (Americas, EMEA, APAC)
• 2018 Procurement Applications Market By Revenue Type (License, Services, Hardware, Support and Maintenance, Cloud)
• 2018 Procurement Applications Market By Customer Size (revenue, employee count, asset)
• 2018 Procurement Applications Market By Channel (Direct vs Direct)
• 2018 Procurement Applications Market By Product

Exhibit 4 shows the enterprise applications market by functional area. The highest growth functional markets revolve around smaller segments like eCommerce, Enterprise Performance Management, Sales Performance Management and Treasury and Risk, where first movers remain less established than those that for decades have been entrenched in functional areas like ERP, CRM and PLM.

Procurement Win/Loss Analysis As Part Of Enterprise Applications Buyer Insight Customer Database

On the buyer side, customers are investing in Procurement systems based on new features and capabilities that are expected to replace their existing legacy systems. In many cases, competitive upgrades and replacements that could have a profound impact on future market-share changes will become more widespread.

Since 2010, our global team of researchers have been studying the patterns of the latest procurement software purchases by customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.

Updated continuously, our database features extensive win/loss analysis. Each year our research team identifies tens of thousands of these customer wins and losses from public and proprietary sources.

The research results are being incorporated into regular updates in our Enterprise Applications Buyer Insight Customer Database. You can access the Quarterly Win/Loss Analysis Scoreboard and our Enterprise Applications Buyer Insight Customer Database by becoming a subscriber.

Source: Apps Run The World, December 2019

Further Readings

An expanded version of this report covers the top 60+ Procurement Software Vendors, offering in-depth analysis of the market dynamics, vendors’ Strengths, Customers, Opportunities, Risks and Ecosystems as well as their ability to gain Shares (SCORES) within their respective space.

We also offer win-loss analysis of the quarterly wins of these top vendors and whether incumbents and upstarts pose any real threat to their standing amid shifting market requirements and user preferences.