Retail Sourcing and Procurement market value extracted; highlights innovation & opportunity for future

Retail Sourcing and Procurement Market Latest Edition Published with Forecast to 2027


The article cited AMA's "Global Retail Sourcing and Procurement Market Study" explored CAGR of 12.1%. According to the report, Growing Interest of Retailers in Predictive is one of the primary growth factors for the market. Rising Demand for Centralized Procurement is also expected to contribute significantly to the Retail Sourcing and Procurement market growth. Overall, applications of Retail Sourcing and Procurement, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Deployment Mode, such as On-cloud, is boosting the Retail Sourcing and Procurement market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Services, such as Training and Support, is boosting the Retail Sourcing and Procurement market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Enterprise Size, such as Small and Medium Retail Enterprise, is boosting the Retail Sourcing and Procurement market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Solution Type, such as Procure-to-pay, is boosting the Retail Sourcing and Procurement market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Retail Sourcing and Procurement market identified that the demand is rising in many different parts of the world as "Rapid Economic Growth and Disposable Income in Emerging Economies ". Furthermore, some recent industry insights like "On 31 Dec 2018, Zycus, a leading global provider of comprehensive and end-to-end Source-to-Pay software suite has announced that a leading food retailer based in the Netherlands has selected Zycus’ software solutions to support its procurement transformation. It is a retail company, operating supermarkets, and e-commerce businesses. and On 3 Oct 2018, JAGGAER, the world’s largest independent spend management company, announced a partnership with Velocity Procurement, a best in class procurement consultancy and technology services provider, to deliver fully integrated, transformative procurement automation and spend management optimization solutions." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Retail Sourcing and Procurement market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Retail Sourcing and Procurement market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Have a look at complete Table of Content: Global Retail Sourcing and Procurement Market Study

Data Triangulation
The overall Retail Sourcing and Procurement market size is calculated using market estimation process, the Retail Sourcing and Procurement market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Retail Sourcing and Procurement market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager