For CIO Professionals

ePurchasing Software Market – A Client Choice Report

eProcurement And eSourcing Mature; CLM, EIPP, And Automated Spend Analysis Grow

    Why Read This Report

    The market for ePurchasing software, also called spend management or supplier relationship management solutions, will grow at a compound annual growth rate (CAGR) of 10% from 2003 to 2008, with more mature segments of the market like eProcurement and eSourcing growing much more slowly, at 3% and 6%, respectively. Newer segments like contract life-cycle management (CLM), electronic invoice presentment and payment (EIPP), automated spend analysis, and services procurement will grow more rapidly, at CAGRs of 21% or more as newcomers enter the market and consolidation begins. Some categories like EIPP, eSourcing, and spend analysis use software-as-a-service (SaaS) a lot, while others like CLM or eProcurement use it just a little. Larger enterprises are still much more likely to have acquired ePurchasing solutions, but adoption is starting to occur among small and medium-size businesses (SMBs) and is not complete even among the largest firms, with more than 25% of the Global 2000 not using eProcurement or eSourcing.
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    TABLE OF CONTENTS

    • The ePurchasing Market Is Actually Seven Distinct Products
    • Purchases of ePurchasing Solutions Are Growing, But Unevenly
    • Large Enterprises Have Purchased The Most, But Pockets Of Nonusers Remain
    • Vendor Landscape: Consolidating In Mature Categories, Expanding Elsewhere
    • RECOMMENDATIONS

      A Diversified Market Requires Complex Choices For IT Buyers
    • ePurchasing Vendors Need To Focus On Good Functionality, Not Breadth
    • WHAT IT MEANS

      The ePurchasing Software Market Is Still Growing And Evolving
    • Supplemental Material
    • Related Research Documents