Market Forecast, Sizing, Adoption and Growth Scenarios: E-Procurement Market Outlook 2016-2018 (Part 3) [PRO]

e-procurement market growth forecast NAN/Adobe Stock

We can start our e-procurement market forecast, sizing and adoption outlook for 2016-2018 by noting that the market is a tale of two sectors: on-premise e-procurement and cloud. On the one hand, the e-procurement market, which we define in part as the automation of operational, tactical and transactional procurement processes, is poised for continued enterprise software upheaval and decline as the on-premise enterprise software business continues its decade long downward spiral (which certain analysts forecast will actually decline in 2016). But on the other hand, cloud-based models such as software as a service (SaaS) and platform as a service (PaaS) will continue to take off, with double digit compound annual growth rates (CAGRs) throughout the period. This Spend Matters PRO research brief provides a growth forecast, market sizing and related commentary and trends for e-procurement in 2016, 2017 and 2018. It also provides commentary on global market adoption. We also encourage Spend Matters PRO subscribers to read the first two research briefs in this series on e-procurement megatrends for 2016 (Part 1 and Part 2).

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