For Business Process Professionals

Primary Analyst Photo	Document Information	Rate this Document
	February 20, 2007 ePurchasing Software Market eProcurement And eSourcing Mature; CLM, EIPP, And Automated Spend Analysis Grow by Andrew Bartels with Sharyn Leaver, Heidi Shey	Average: 10  (5 ratings)

This is an excerpt

Executive Summary

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.

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

This is an excerpt

Buy Risk-Free

Price: US $2495

Our Service Guarantee: If you are not completely satisfied with this document, notify Forrester within 24 hours of purchase for a full refund.

Already a Forrester Client?
Log in to read this document.