![]() ![]() SAP’s long track record of delivering apps like Environment Health and Safety underscores its commitment to sustainabilty. Rankīecause of the pandemic, SAP has shifted its priorities – focusing more attention on S/4 HANA Cloud aiming to deliver more of these back-office featues via all the major hyperscalers, while emphasizing the long-term value of sustainability push. Here are the rankings of the top 10 Procurement software vendors in 2021 and their market shares. Supplier discovery and relationship management, coupled with networked markeplace, boost procurement activities. Procurement applications revenues represent a major contributor to the Enterprise Resource Planning market as part of our market sizing exercise. ![]() Other functions include contract management, electronic network, punch-out, sourcing, and supplier rating to optimize the overall supplier relationship management business processes. 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). ![]() Source: Apps Run The World, September 2022 Top 10 Procurement Software Vendors Exhibit 2: Worldwide Procurement Software Market 2021-2026 Forecast, $M Through our forecast period, the Procurement applications market size is expected to reach $5.6 billion by 2026, compared with $4.9 billion in 2021 at a compound annual growth rate of 2.8%. ( Sample from our Apps Database) Exhibit 1 – 2021 Procurement Applications Market Shares Split By Top 10 Procurement Vendors and Others 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. In 2021, SAP led the pack with a 26.3% market share while Coupa was #2 followed by Oracle, GEP, and Unite (Formerly Mercateo Group). In 2021, the top 10 Procurement software vendors accounted for nearly 59.1% of the global Procurement applications market which grew 10.8% to approach nearly $4.9 billion in license, maintenance and subscription revenues. ![]()
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