How big is the Sourcing Software Market?

The Sourcing Software Market size is expected to reach USD 9.52 billion in 2024 and grow at a CAGR of 10.15% to reach USD 15.43 billion by 2029. Read More

What is the current Sourcing Software Market size?

In 2024, the Sourcing Software Market size is expected to reach USD 9.52 billion. Read More

Who are the key players in Sourcing Software Market?

Oracle Corporation, Coupa Software Inc., GEP Corporation, Aavenir and Workday Inc. are the major companies operating in the Sourcing Software Market. Read More

Which is the fastest growing region in Sourcing Software Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Sourcing Software Market?

In 2024, the North America accounts for the largest market share in Sourcing Software Market. Read More

What years does this Sourcing Software Market cover, and what was the market size in 2023?

In 2023, the Sourcing Software Market size was estimated at USD 8.64 billion. The report covers the Sourcing Software Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Sourcing Software Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Sourcing Software Market - Report, Industry Trends, Size & Growth

Sourcing Software Industry Overview

The global sourcing software market is moderately competitive. With the increase in the need for sourcing software and solutions, different vendors are forming strategic partnerships with various technology leaders to combine their products with the latest technologies or some automation in sourcing.

January 2022 - Absolut chose GEP Software to transform its European source-to-contract process. Absolut, situated in Stockholm, will use GEP Software to enhance its sourcing, contract management, and supplier management across Europe. The firm also announced recent client projects with grocer Tesco and machinery manufacturer Netzsch. Tesco will utilize GEP Smart to handle its purchase-to-pay (PTP) process in the UK and Ireland, including requisitioning, ordering, supplier ASN, and invoice activities for non-resale products and services.
October 2021 - Keelvar, a global provider of intelligent sourcing optimization and automation solutions, announced the addition of 11 new customers in the third quarter and even more expansion into global supply chain-driven organizations. This comes from the company's record-breaking growth in the first half of 2021.