Jun 4, 2020 3:31 AM ET
iCrowd Newswire – Jun 4, 2020
The sourcing and procurement processes are designed to estimate and engage suppliers for acquiring services and goods. It involves processes such as insourcing, outsourcing, global sourcing, and strategic sourcing, among others. The retail industry is increasing and speedily shifting towards automated, industrialized, and cloud-based solutions for consumer retention and enhance the consumer experience. Also, the retail industry is aiming at the adoption of mobile and cloud technologies in sourcing and procurement activities so as to grow the sales and business in order to establish themselves in the global market.
The increase in adoption of the solutions by several retail businesses is anticipated to be the major factor driving the growth of the industry over the forecast period, which thereby drives the growth of the sourcing and procurement processes market. Moreover, the demand for centralized procurement processes, improved collaboration between suppliers and retails, and better visibility in sourcing related data is anticipated to boost the growth of the retail sourcing and procurement market.
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Top Listed Brands are-
- Bristlecone, Inc
- Coupa Software Inc.
- Determine, a Corcentric company
- SAP SE
- Vroozi, Inc.
- Zycus Inc
The global retail sourcing and procurement market is segmented on the basis of component, deployment, organization size. On the basis of component, the market is segmented as software, service. On the basis of deployment, the market is segmented as cloud, on-premises. On the basis of organization size, the market is segmented as small and medium enterprise (SME), large enterprise
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global retail sourcing and procurement market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The retail sourcing and procurement market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The “Global Retail Sourcing and Procurement Market Analysis to 2027” is a specialized and in-depth study of the retail sourcing and procurement market with a special focus on the global market trend analysis. The report aims to provide an overview of retail sourcing and procurement market with detailed market segmentation by component, deployment, organization size. The global retail sourcing and procurement market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading retail sourcing and procurement market players and offers key trends and opportunities in the retail sourcing and procurement market.
The report analyzes factors affecting retail sourcing and procurement market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the retail sourcing and procurement market in these regions.
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Keywords: Retail Sourcing and Procurement Market, Retail Sourcing and Procurement, Retail Sourcing and Procurement Market 2020