Smarter Sourcing, Stronger Suppliers: The Business Case for Strategic Sourcing Software
QKS Group
Highlights Promising Growth Outlook for Strategic Sourcing Applications Market in Asia (Excluding Japan and
China) by 2028.
QKS Group
projects that the Strategic Sourcing Applications market in Asia, excluding
Japan and China (AxJC), is set to experience above-average compound annual
growth through 2028. The region’s market outlook remains robust, fueled by
ongoing digital transformation initiatives and a growing focus on optimizing
procurement processes.
As
organizations across AxJC strive to modernize their sourcing capabilities,
demand for advanced procurement technologies is expected to rise sharply.
Emerging technologies such as artificial intelligence, machine learning, and
blockchain are reshaping procurement strategies—delivering greater efficiency,
transparency, and strategic insights.
Key
Questions Addressed in the Study:
What is the
current landscape and future competitive outlook for the Strategic Sourcing
Applications market in the AxJC region?
What key
trends and dynamics will shape competition in AxJC markets through 2028?
How are
vendors positioned to serve different customer segments, ranging from SMBs to
large enterprises, by 2028?
How will
vendors differentiate their offerings between cloud-based and on-premises
solutions in the AxJC market?
What are the
unique strengths and challenges faced by vendors operating in this region?
What is the
market forecast across key industry sectors, and what competitive factors will
influence vendor positioning?
Strategic
Market Insights
According to
QKS Group, a strategic sourcing application refers to a comprehensive suite of
tools designed to support strategic planning and spend analysis, strengthen
supplier relationships, and manage risk. These solutions empower businesses to
make data-driven, cost-effective procurement decisions aligned with their
broader business goals while reducing the total cost of ownership (TCO).
Furthermore,
the region's commitment to enhancing digital literacy and fostering innovation
is anticipated to accelerate the adoption of next-generation sourcing tools,
establishing AxJC as a fast-evolving and high-growth market for strategic
sourcing solutions.
Vendors
covered in this Study:
Corcentric,
Coupa, GEP, Ivalua, JAGGAER, Oracle, Periscope Holdings, SAP (Ariba), Unit4
(ScanMarket), SpendHQ, Synertrade, VORTAL, Workday, and Zycus.
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