Retail Sourcing And Procurement Market
Retail Sourcing & Procurement Market Forecasts to 2030 - Global Analysis By Solution Type (Contract Management, Strategic Sourcing, Spend Analysis, Supplier Management and Procure-to-pay), Deployment Type (Cloud and On-Premise), Service, Organization Size, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $6.43 BN |
|
Projected Year Value (2030) |
US $17.5 BN |
|
CAGR (2023 - 2030) |
15.4% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Retail Sourcing & Procurement Market is accounted for $6.43 billion in 2023 and is expected to reach $17.5 billion by 2030 growing at a CAGR of 15.4% during the forecast period. Retail sourcing and procurement is the process through which retail businesses acquire goods and services from suppliers to meet customer demand. It involves identifying reliable suppliers, negotiating contracts, and managing relationships to ensure the timely and cost-effective delivery of products. Effective retail sourcing and procurement strategies aim to optimize costs, maintain product quality, and minimize supply chain disruptions.
According to NASSCOM’s (National Association of Software & Services Companies) in 2021, India's technology sector reached $194 billion estimating a 2.3% YoY increase on the back of rapid digital transformation and adoption in the country.
Market Dynamics:
Driver:
Data-driven decisions making
Data-driven decisions enable retailers to forecast demand more accurately, ensuring the right inventory levels and reducing stockouts or overstock situations. Moreover, it facilitates the identification of optimal sourcing channels and suppliers based on factors such as pricing, quality, and lead times. Data-driven decision-making enhances agility and responsiveness in the face of changing market conditions or disruptions, allowing retailers to adapt quickly and make informed decisions.
Restraint:
Supply chain disruptions
Supply chain disruptions pose a significant restraint in the retail sourcing and procurement market, impacting retailers' ability to efficiently source and deliver products to meet customer demand. These disruptions can arise from various factors, such as natural disasters, geopolitical tensions, labor strikes, or transportation issues. When supply chains are disrupted, retailers may face delays in receiving goods, shortages of inventory, increased costs for expedited shipping or sourcing from alternative suppliers, and difficulties in maintaining consistent product quality.
Opportunity:
Technological advancements
Advances in technology, such as e-commerce platforms, supply chain management software, and data analytics tools, have transformed the retail sourcing and procurement landscape. These technologies enable retailers to streamline procurement processes, improve supplier collaboration, enhance visibility into the supply chain, and make data-driven decisions. The adoption of innovative technologies is a key driver of growth and efficiency in the retail sourcing and procurement market.
Threat:
Shift in consumer preferences
As consumers' tastes, lifestyle choices, and shopping behaviours evolve, retailers face the challenge of accurately anticipating and meeting changing demand patterns. Additionally, rapidly changing preferences may require retailers to source new products or adjust existing assortments, potentially leading to supplier relationship challenges and increased sourcing costs. As a result, a shift in consumer preferences is a significant factor limiting market expansion.
Covid-19 Impact
The COVID-19 pandemic had a profound impact on the retail sourcing and procurement market. Lockdowns, travel restrictions, and factory closures disrupted manufacturing operations, leading to supply chain disruptions and shortages of essential goods. Retailers faced challenges in sourcing products as demand surged for certain items while plummeting for others, resulting in imbalances and inventory management issues. Additionally, health and safety concerns prompted retailers to prioritize ethical sourcing and compliance with health regulations, impacting procurement practices.
The cloud segment is expected to be the largest during the forecast period
The cloud segment is estimated to hold the largest share. Cloud-based solutions offer a flexible and scalable alternative to traditional on-premise software, allowing retailers to access sourcing and procurement tools and data remotely over the internet. They eliminate the need for costly hardware investments and infrastructure maintenance as the software is hosted and maintained by third-party providers. This results in lower upfront costs and reduced IT overhead, making cloud solutions particularly attractive to small and medium-sized retailers.
The e-commerce segment is expected to have the highest CAGR during the forecast period
The e-commerce segment is anticipated to have lucrative growth during the forecast period. It enables them to efficiently discover new suppliers, compare prices, and negotiate contracts remotely, thus streamlining the procurement process and reducing lead times. Additionally, e-commerce platforms often incorporate advanced analytics tools that allow retailers to gather insights into market trends, supplier performance, and consumer preferences, facilitating data-driven decision-making. Moreover, e-commerce facilitates seamless transactions, enabling retailers to place orders and manage procurement activities with greater speed and convenience.
Region with largest share:
North America commanded the largest market share during the extrapolated period. With a highly developed retail sector comprising both traditional brick-and-mortar stores and burgeoning e-commerce platforms, the region serves as a focal point for sourcing and procurement activities. Furthermore, the North American market is characterized by a competitive environment, with retailers constantly seeking to enhance their sourcing and procurement strategies to gain a competitive edge in the marketplace. This has led to increased investments in digital transformation initiatives and strategic partnerships between retailers and suppliers.
Region with highest CAGR:
Asia Pacific is expected to witness profitable growth over the projection period. With a vast network of suppliers and manufacturers, the region is known for its cost-effective production capabilities, making it a preferred destination for global retailers seeking to optimize their supply chains. Moreover, the Asia Pacific region is witnessing a rapid digital transformation in retail, with the proliferation of e-commerce platforms, mobile payments, and innovative retail technologies reshaping consumer behavior and supply chain dynamics.
Key players in the market
Some of the key players in the Retail Sourcing & Procurement Market include Proactis Holdings Plc., Basware Corporation, HighJump Software, Kinaxis, Coupa Software, Oracle Corporation, Epicor Software Corporation, SAP SE, IBM Corporation, Jaggaer , Inc., JDA Software Group, Inc., Infor Nexus and Zycus Inc.
Key Developments:
In January 2023, Oracle Corp and Microsoft Corp announced Oracle Database@Azure, which gives customers direct access to Oracle database services running on Oracle Cloud Infrastructure (OCI) and deployed in Microsoft Azure datacenters.
In January 2023, Oracle and Red Hat have expanded operating system collaboration. The strategic collaboration starts with Red Hat Enterprise Linux running on OCI as a supported operating system. This is a global partnership which will also be available to customers in India.
In February 2022, Zycus, the pioneer in Cognitive Procurement, announced the launch of Merlin for eProcurement with two AI-enabled products, Buyer Smart Desk and Autonomous Quick Source that focuses on what matters the most to your business.
Solution Types Covered:
• Contract Management
• Strategic Sourcing
• Spend Analysis
• Supplier Management
• Procure-to-pay
Deployment Types Covered:
• Cloud
• On-Premise
Services Covered:
• Consulting
• Implementation
• Training & Support
Organization Sizes Covered:
• Small & Medium Enterprises
• Large Enterprises
End Users Covered:
• Specialty Stores
• Supermarkets/Hypermarkets
• E-commerce
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Retail Sourcing & Procurement Market, By Solution Type
5.1 Introduction
5.2 Contract Management
5.3 Strategic Sourcing
5.4 Spend Analysis
5.5 Supplier Management
5.6 Procure-to-pay
6 Global Retail Sourcing & Procurement Market, By Deployment Type
6.1 Introduction
6.2 Cloud
6.3 On-Premise
7 Global Retail Sourcing & Procurement Market, By Service
7.1 Introduction
7.2 Consulting
7.3 Implementation
7.4 Training & Support
8 Global Retail Sourcing & Procurement Market, By Organization Size
8.1 Introduction
8.2 Small & Medium Enterprises
8.3 Large Enterprises
9 Global Retail Sourcing & Procurement Market, By End User
9.1 Introduction
9.2 Specialty Stores
9.3 Supermarkets/Hypermarkets
9.4 E-commerce
9.5 Other End Users
10 Global Retail Sourcing & Procurement Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Proactis Holdings Plc.
12.2 Basware Corporation
12.3 HighJump Software
12.4 Kinaxis
12.5 Coupa Software
12.6 Oracle Corporation
12.7 Epicor Software Corporation
12.8 SAP SE
12.9 IBM Corporation
12.10 Jaggaer , Inc.
12.11 JDA Software Group, Inc.
12.12 Infor Nexus
12.13 Zycus Inc.
List of Tables
1 Global Retail Sourcing & Procurement Market Outlook, By Region (2021-2030) ($MN)
2 Global Retail Sourcing & Procurement Market Outlook, By Solution Type (2021-2030) ($MN)
3 Global Retail Sourcing & Procurement Market Outlook, By Contract Management (2021-2030) ($MN)
4 Global Retail Sourcing & Procurement Market Outlook, By Strategic Sourcing (2021-2030) ($MN)
5 Global Retail Sourcing & Procurement Market Outlook, By Spend Analysis (2021-2030) ($MN)
6 Global Retail Sourcing & Procurement Market Outlook, By Supplier Management (2021-2030) ($MN)
7 Global Retail Sourcing & Procurement Market Outlook, By Procure-to-pay (2021-2030) ($MN)
8 Global Retail Sourcing & Procurement Market Outlook, By Deployment Type (2021-2030) ($MN)
9 Global Retail Sourcing & Procurement Market Outlook, By Cloud (2021-2030) ($MN)
10 Global Retail Sourcing & Procurement Market Outlook, By On-Premise (2021-2030) ($MN)
11 Global Retail Sourcing & Procurement Market Outlook, By Service (2021-2030) ($MN)
12 Global Retail Sourcing & Procurement Market Outlook, By Consulting (2021-2030) ($MN)
13 Global Retail Sourcing & Procurement Market Outlook, By Implementation (2021-2030) ($MN)
14 Global Retail Sourcing & Procurement Market Outlook, By Training & Support (2021-2030) ($MN)
15 Global Retail Sourcing & Procurement Market Outlook, By Organization Size (2021-2030) ($MN)
16 Global Retail Sourcing & Procurement Market Outlook, By Small & Medium Enterprises (2021-2030) ($MN)
17 Global Retail Sourcing & Procurement Market Outlook, By Large Enterprises (2021-2030) ($MN)
18 Global Retail Sourcing & Procurement Market Outlook, By End User (2021-2030) ($MN)
19 Global Retail Sourcing & Procurement Market Outlook, By Specialty Stores (2021-2030) ($MN)
20 Global Retail Sourcing & Procurement Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
21 Global Retail Sourcing & Procurement Market Outlook, By E-commerce (2021-2030) ($MN)
22 Global Retail Sourcing & Procurement Market Outlook, By Other End Users (2021-2030) ($MN)
23 North America Retail Sourcing & Procurement Market Outlook, By Country (2021-2030) ($MN)
24 North America Retail Sourcing & Procurement Market Outlook, By Solution Type (2021-2030) ($MN)
25 North America Retail Sourcing & Procurement Market Outlook, By Contract Management (2021-2030) ($MN)
26 North America Retail Sourcing & Procurement Market Outlook, By Strategic Sourcing (2021-2030) ($MN)
27 North America Retail Sourcing & Procurement Market Outlook, By Spend Analysis (2021-2030) ($MN)
28 North America Retail Sourcing & Procurement Market Outlook, By Supplier Management (2021-2030) ($MN)
29 North America Retail Sourcing & Procurement Market Outlook, By Procure-to-pay (2021-2030) ($MN)
30 North America Retail Sourcing & Procurement Market Outlook, By Deployment Type (2021-2030) ($MN)
31 North America Retail Sourcing & Procurement Market Outlook, By Cloud (2021-2030) ($MN)
32 North America Retail Sourcing & Procurement Market Outlook, By On-Premise (2021-2030) ($MN)
33 North America Retail Sourcing & Procurement Market Outlook, By Service (2021-2030) ($MN)
34 North America Retail Sourcing & Procurement Market Outlook, By Consulting (2021-2030) ($MN)
35 North America Retail Sourcing & Procurement Market Outlook, By Implementation (2021-2030) ($MN)
36 North America Retail Sourcing & Procurement Market Outlook, By Training & Support (2021-2030) ($MN)
37 North America Retail Sourcing & Procurement Market Outlook, By Organization Size (2021-2030) ($MN)
38 North America Retail Sourcing & Procurement Market Outlook, By Small & Medium Enterprises (2021-2030) ($MN)
39 North America Retail Sourcing & Procurement Market Outlook, By Large Enterprises (2021-2030) ($MN)
40 North America Retail Sourcing & Procurement Market Outlook, By End User (2021-2030) ($MN)
41 North America Retail Sourcing & Procurement Market Outlook, By Specialty Stores (2021-2030) ($MN)
42 North America Retail Sourcing & Procurement Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
43 North America Retail Sourcing & Procurement Market Outlook, By E-commerce (2021-2030) ($MN)
44 North America Retail Sourcing & Procurement Market Outlook, By Other End Users (2021-2030) ($MN)
45 Europe Retail Sourcing & Procurement Market Outlook, By Country (2021-2030) ($MN)
46 Europe Retail Sourcing & Procurement Market Outlook, By Solution Type (2021-2030) ($MN)
47 Europe Retail Sourcing & Procurement Market Outlook, By Contract Management (2021-2030) ($MN)
48 Europe Retail Sourcing & Procurement Market Outlook, By Strategic Sourcing (2021-2030) ($MN)
49 Europe Retail Sourcing & Procurement Market Outlook, By Spend Analysis (2021-2030) ($MN)
50 Europe Retail Sourcing & Procurement Market Outlook, By Supplier Management (2021-2030) ($MN)
51 Europe Retail Sourcing & Procurement Market Outlook, By Procure-to-pay (2021-2030) ($MN)
52 Europe Retail Sourcing & Procurement Market Outlook, By Deployment Type (2021-2030) ($MN)
53 Europe Retail Sourcing & Procurement Market Outlook, By Cloud (2021-2030) ($MN)
54 Europe Retail Sourcing & Procurement Market Outlook, By On-Premise (2021-2030) ($MN)
55 Europe Retail Sourcing & Procurement Market Outlook, By Service (2021-2030) ($MN)
56 Europe Retail Sourcing & Procurement Market Outlook, By Consulting (2021-2030) ($MN)
57 Europe Retail Sourcing & Procurement Market Outlook, By Implementation (2021-2030) ($MN)
58 Europe Retail Sourcing & Procurement Market Outlook, By Training & Support (2021-2030) ($MN)
59 Europe Retail Sourcing & Procurement Market Outlook, By Organization Size (2021-2030) ($MN)
60 Europe Retail Sourcing & Procurement Market Outlook, By Small & Medium Enterprises (2021-2030) ($MN)
61 Europe Retail Sourcing & Procurement Market Outlook, By Large Enterprises (2021-2030) ($MN)
62 Europe Retail Sourcing & Procurement Market Outlook, By End User (2021-2030) ($MN)
63 Europe Retail Sourcing & Procurement Market Outlook, By Specialty Stores (2021-2030) ($MN)
64 Europe Retail Sourcing & Procurement Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
65 Europe Retail Sourcing & Procurement Market Outlook, By E-commerce (2021-2030) ($MN)
66 Europe Retail Sourcing & Procurement Market Outlook, By Other End Users (2021-2030) ($MN)
67 Asia Pacific Retail Sourcing & Procurement Market Outlook, By Country (2021-2030) ($MN)
68 Asia Pacific Retail Sourcing & Procurement Market Outlook, By Solution Type (2021-2030) ($MN)
69 Asia Pacific Retail Sourcing & Procurement Market Outlook, By Contract Management (2021-2030) ($MN)
70 Asia Pacific Retail Sourcing & Procurement Market Outlook, By Strategic Sourcing (2021-2030) ($MN)
71 Asia Pacific Retail Sourcing & Procurement Market Outlook, By Spend Analysis
(2021-2030) ($MN)
72 Asia Pacific Retail Sourcing & Procurement Market Outlook, By Supplier Management (2021-2030) ($MN)
73 Asia Pacific Retail Sourcing & Procurement Market Outlook, By Procure-to-pay (2021-2030) ($MN)
74 Asia Pacific Retail Sourcing & Procurement Market Outlook, By Deployment Type
(2021-2030) ($MN)
75 Asia Pacific Retail Sourcing & Procurement Market Outlook, By Cloud (2021-2030) ($MN)
76 Asia Pacific Retail Sourcing & Procurement Market Outlook, By On-Premise (2021-2030) ($MN)
77 Asia Pacific Retail Sourcing & Procurement Market Outlook, By Service (2021-2030) ($MN)
78 Asia Pacific Retail Sourcing & Procurement Market Outlook, By Consulting (2021-2030) ($MN)
79 Asia Pacific Retail Sourcing & Procurement Market Outlook, By Implementation (2021-2030) ($MN)
80 Asia Pacific Retail Sourcing & Procurement Market Outlook, By Training & Support (2021-2030) ($MN)
81 Asia Pacific Retail Sourcing & Procurement Market Outlook, By Organization Size (2021-2030) ($MN)
82 Asia Pacific Retail Sourcing & Procurement Market Outlook, By Small & Medium Enterprises (2021-2030) ($MN)
83 Asia Pacific Retail Sourcing & Procurement Market Outlook, By Large Enterprises (2021-2030) ($MN)
84 Asia Pacific Retail Sourcing & Procurement Market Outlook, By End User (2021-2030) ($MN)
85 Asia Pacific Retail Sourcing & Procurement Market Outlook, By Specialty Stores (2021-2030) ($MN)
86 Asia Pacific Retail Sourcing & Procurement Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
87 Asia Pacific Retail Sourcing & Procurement Market Outlook, By E-commerce (2021-2030) ($MN)
88 Asia Pacific Retail Sourcing & Procurement Market Outlook, By Other End Users (2021-2030) ($MN)
89 South America Retail Sourcing & Procurement Market Outlook, By Country (2021-2030) ($MN)
90 South America Retail Sourcing & Procurement Market Outlook, By Solution Type (2021-2030) ($MN)
91 South America Retail Sourcing & Procurement Market Outlook, By Contract Management (2021-2030) ($MN)
92 South America Retail Sourcing & Procurement Market Outlook, By Strategic Sourcing (2021-2030) ($MN)
93 South America Retail Sourcing & Procurement Market Outlook, By Spend Analysis
(2021-2030) ($MN)
94 South America Retail Sourcing & Procurement Market Outlook, By Supplier Management (2021-2030) ($MN)
95 South America Retail Sourcing & Procurement Market Outlook, By Procure-to-pay (2021-2030) ($MN)
96 South America Retail Sourcing & Procurement Market Outlook, By Deployment Type
(2021-2030) ($MN)
97 South America Retail Sourcing & Procurement Market Outlook, By Cloud (2021-2030) ($MN)
98 South America Retail Sourcing & Procurement Market Outlook, By On-Premise (2021-2030) ($MN)
99 South America Retail Sourcing & Procurement Market Outlook, By Service (2021-2030) ($MN)
100 South America Retail Sourcing & Procurement Market Outlook, By Consulting (2021-2030) ($MN)
101 South America Retail Sourcing & Procurement Market Outlook, By Implementation (2021-2030) ($MN)
102 South America Retail Sourcing & Procurement Market Outlook, By Training & Support (2021-2030) ($MN)
103 South America Retail Sourcing & Procurement Market Outlook, By Organization Size (2021-2030) ($MN)
104 South America Retail Sourcing & Procurement Market Outlook, By Small & Medium Enterprises (2021-2030) ($MN)
105 South America Retail Sourcing & Procurement Market Outlook, By Large Enterprises (2021-2030) ($MN)
106 South America Retail Sourcing & Procurement Market Outlook, By End User (2021-2030) ($MN)
107 South America Retail Sourcing & Procurement Market Outlook, By Specialty Stores (2021-2030) ($MN)
108 South America Retail Sourcing & Procurement Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
109 South America Retail Sourcing & Procurement Market Outlook, By E-commerce (2021-2030) ($MN)
110 South America Retail Sourcing & Procurement Market Outlook, By Other End Users (2021-2030) ($MN)
111 Middle East & Africa Retail Sourcing & Procurement Market Outlook, By Country (2021-2030) ($MN)
112 Middle East & Africa Retail Sourcing & Procurement Market Outlook, By Solution Type (2021-2030) ($MN)
113 Middle East & Africa Retail Sourcing & Procurement Market Outlook, By Contract Management (2021-2030) ($MN)
114 Middle East & Africa Retail Sourcing & Procurement Market Outlook, By Strategic Sourcing (2021-2030) ($MN)
115 Middle East & Africa Retail Sourcing & Procurement Market Outlook, By Spend Analysis
(2021-2030) ($MN)
116 Middle East & Africa Retail Sourcing & Procurement Market Outlook, By Supplier Management (2021-2030) ($MN)
117 Middle East & Africa Retail Sourcing & Procurement Market Outlook, By Procure-to-pay (2021-2030) ($MN)
118 Middle East & Africa Retail Sourcing & Procurement Market Outlook, By Deployment Type
(2021-2030) ($MN)
119 Middle East & Africa Retail Sourcing & Procurement Market Outlook, By Cloud (2021-2030) ($MN)
120 Middle East & Africa Retail Sourcing & Procurement Market Outlook, By On-Premise (2021-2030) ($MN)
121 Middle East & Africa Retail Sourcing & Procurement Market Outlook, By Service (2021-2030) ($MN)
122 Middle East & Africa Retail Sourcing & Procurement Market Outlook, By Consulting (2021-2030) ($MN)
123 Middle East & Africa Retail Sourcing & Procurement Market Outlook, By Implementation (2021-2030) ($MN)
124 Middle East & Africa Retail Sourcing & Procurement Market Outlook, By Training & Support (2021-2030) ($MN)
125 Middle East & Africa Retail Sourcing & Procurement Market Outlook, By Organization Size (2021-2030) ($MN)
126 Middle East & Africa Retail Sourcing & Procurement Market Outlook, By Small & Medium Enterprises (2021-2030) ($MN)
127 Middle East & Africa Retail Sourcing & Procurement Market Outlook, By Large Enterprises (2021-2030) ($MN)
128 Middle East & Africa Retail Sourcing & Procurement Market Outlook, By End User (2021-2030) ($MN)
129 Middle East & Africa Retail Sourcing & Procurement Market Outlook, By Specialty Stores (2021-2030) ($MN)
130 Middle East & Africa Retail Sourcing & Procurement Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
131 Middle East & Africa Retail Sourcing & Procurement Market Outlook, By E-commerce (2021-2030) ($MN)
132 Middle East & Africa Retail Sourcing & Procurement Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
