Worldwide Procurement Applications Software Market Shares, 2021: Consistent Sector Growth as Dominant Players Maintain Share

This IDC study reviews the market shares for the procurement applications software market, which grew at a robust pace in 2021."The procurement application market continues to show strong growth, powered by both global events and the continuing need for organizations to do a better job managing their spend and suppliers. Even today, too many prospective buyers are utilizing email and spreadsheets as their primary tools in managing spend and suppliers, and given the available technology that continues to advance, it simply is not acceptable to manage the spend and suppliers in this way. Buyers have many quality options as they approach solutions in this space, and it is incumbent upon providers to demonstrate ease of use and implementation, the technology reduction in business pain points, a clean and intuitive user experience, and tight integration across the enterprise." - Patrick Reymann, research director, IDC.