Predictions 2011: ePurchasing Market To Grow 12%

The ePurchasing software market in 2011 will continue to be dynamic, with relatively strong growth of 12% overall, even faster growth in new categories, as well as a variety of mergers, acquisitions, and new entrants. This market includes slow-growing products like eProcurement and eSourcing where enterprise resource planning (ERP) vendors dominate; products in transition like accounts payable electronic invoice presentment and payment (AP-EIPP) and supplier network services; and fast-growing products where specialists rule, such as contract life-cycle management (CLM), automated spend analysis, services procurement, and supplier risk and performance management (SRPM). While almost all vendors will see growth, this report will help vendor strategists capture the higher growth opportunities, find the right acquisition targets or acquiring buyer, avoid the wrong ones, and leverage their strengths without getting stuck in niches.