Supplier Network Forecast: 2014 Market Growth, Analysis, and Predictions [PRO]
We can best sum up our market analysis and 2014 forecast for the supplier network market as follows: “It’s still the top of the second inning with one out and runners on base.” This is the third in a series of 2014 market outlooks published to Spend Matters PRO subscribers. Also in this series are outlooks on e-invoicing, eProcurement, strategic sourcing, spend analytics, trade financing, and supplier management markets — including growth trends, market sizing and forecasts. The supplier network market is indeed in its early days, even though much of the functionality (and sometimes even the software code) draws from over a decade ago with electronic B2B marketplaces. As background, we define supplier networks as a subset (or overlapping set really) of the broader source-to-pay solution market. Supplier networks are sometimes referred to as “business networks,” eMarketplaces, or other terms. A supplier network is primarily a B2B destination site where buyers and suppliers can find each other and do business with each other, including supplier discovery, transaction processing, collaboration, and analytics / intelligence.