Worldwide Procurement Market Shares, 2014: Cloud Solutions and B2B Connected Commerce Driving Demand

Worldwide Procurement Market Shares, 2014: Cloud Solutions and B2B Connected Commerce Driving Demand

  • July 2015 •
  • 7 pages •
  • Report ID: 3366671 •
  • Format: PDF
This IDC study discusses the worldwide market for procurement. This market grew at a rapid pace (6.4% in 2014 over 2013) to reach $3.9 billion, driven by demand for public cloud offerings and modern easy-to-use purchasing solutions."The procurement process is central to most organizations as they need to source, negotiate, contract, receive, and pay for a myriad of materials, parts, supplies, services, equipment, and more that are needed to build products and deliver goods and services to their own customers. Increasingly, organizations of all sizes are looking to cloud solutions that deliver the promise of business purchasing that is as easy to use as shopping online at home. Also, customers are starting to look for solutions that connect commerce and make it easier to reach into pools of suppliers, specialized workers, and more to find the right item, skill set, or service at the right price and at the right time," says Christine Dover, research director for Enterprise Applications and Digital Commerce.