New York, NY -- (SBWIRE) -- 04/24/2017 -- The analysts forecast the global sourcing software market to grow at a CAGR of 8.19% during the period 2017-2021.

Sourcing is the process of locating sources of goods and services of a company. It is a component of the procurement process. In procurement, major focus will be on the logistics of acquiring materials, whereas in sourcing the focus is to find the best and cost-effective suppliers for the resources. Since the profit of a business can rely heavily on finding the best possible sources, sourcing plays a vital role in the procurement process and in the overall supply chain management process.

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Covered in this report

The report covers the present scenario and the growth prospects of the global sourcing software market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of sourcing software globally.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Sourcing Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Capgemini
- Coupa Software
- IBM
- SAP
- sciQuest

Other prominent vendors
- ClearTrack Information Network
- Determine
- eBid Systems
- ESM Solutions
- GEP
- Market Dojo
- Winddle
- Xeeva
- Zycus

Market driver
- Increased need for cost reduction in the sourcing process
- For a full, detailed list, view our report

Market challenge
- Dynamic sourcing service requirements
- For a full, detailed list, view our report

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Market trend
- Emergence of mobile sourcing technology
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Table Of Contents – Major Key Points

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
- Key market highlights

PART 05: Market Landscape
- Market overview
- Market size and forecast

PART 06: Five forces model
- Five force model

PART 07: Market segmentation by end-user
- Global sourcing market by end-user

PART 08: Geographical segmentation
- Global sourcing software market by geography
- Americas
- EMEA
- APAC

PART 09: Market drivers
- Increased need for cost reduction in the sourcing process
- Modernization in the indirect procurement process
- Need for risk management in sourcing
- Demand for automation of the sourcing process

PART 10: Impact of drivers

PART 11: Market challenges
- System integration challenges
- Dynamic sourcing service requirements
- Threat from open-source sourcing software vendors

PART 12: Impact of drivers and challenges

PART 13: Market trends
- Emergence of mobile sourcing technology
- Rise of e-sourcing
- Increasing adoption of sourcing analytics
- Upsurge of cloud-based sourcing software

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