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ePurchasing Software Market

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

February 20, 2007

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

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

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

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