Strategic sourcing application suites are a set of related, integrated solutions that support upstream procurement activities; in other words, the strategic work the procurement team does for planning, assessment and performance management. Strategic sourcing application suites are used primarily by companies with $800 million or more in annual revenue that, typically, have the necessary critical mass of spend. The strategic sourcing application suite delivers four primary capabilities. Most vendors offer these capabilities as separately licensable modules: Spend analysis is a software- and service-based solution for cleansing, enhancing, classifying and analyzing spend data. It features rule-based data cleansing, automated category-level classification, analytics and decision support. Automated spend analysis is used in procurement and sourcing to quantify spend by supplier, category and part, and to identify opportunities for cost reduction and supply base resizing. Market Analysis and Insights: Global Strategic Sourcing Application Suites Market The global Strategic Sourcing Application Suites market size is projected to reach US$ XX million by 2027, from US$ XX million in 2020, at a CAGR of XX% during 2021-2027. With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Strategic Sourcing Application Suites market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Strategic Sourcing Application Suites market in terms of revenue. On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Strategic Sourcing Application Suites market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Strategic Sourcing Application Suites market. Global Strategic Sourcing Application Suites Scope and Market Size Strategic Sourcing Application Suites market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Strategic Sourcing Application Suites market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027. Segment by Type Cloud-based On-premises Segment by Application Cleansing Automated Category-Level Classification Analytics and Decision Support By Region North America U.S. Canada Europe Germany France U.K. Italy Russia Nordic Rest of Europe Asia-Pacific China Japan South Korea Southeast Asia India Australia Rest of Asia Latin America Mexico Brazil Rest of Latin America Middle East & Africa Turkey Saudi Arabia UAE Rest of MEA By Company JAGGAER SAP Ariba Scout RFP Coupa SAP GEP Zycus IBM Determine Scanmarket Ivalua SynerTrade Vortal Tradeshift Open Windows
1 Report Overview 1.1 Study Scope 1.2 Market Analysis by Type 1.2.1 Global Strategic Sourcing Application Suites Market Size Growth Rate by Type: 2016 VS 2021 VS 2027 1.2.2 Cloud-based 1.2.3 On-premises 1.3 Market by Application 1.3.1 Global Strategic Sourcing Application Suites Market Share by Application: 2016 VS 2021 VS 2027 1.3.2 Cleansing 1.3.3 Automated Category
