Zion Market Research Global Retail Analytics Market, 2016–2024 | Página 3

Retail Analytics Market
Global Retail Sourcing and Procurement Market by Segmentation: The global retail sourcing
and procurement market is segmented into solution, service, deployment type, user type, and region.
On the basis of the solution, the global market is segregated into procure-to-pay, contract
management, spend analysis, supplier management, and strategic sourcing. Based on the services
provided by the retail sourcing and procurement the market is categorized as training and support,
implementation and consulting. There are two types of deployment mode which are on-premises and
cloud. The different types of a user include large enterprise and small and medium enterprise (SME).
Region-wise, the market is diversified into regions such as Europe, Asia Pacific, North America,
Latin America and the Middle East and Africa.
Global Retail Sourcing and Procurement Market by Growth Factors: In procurement activities,
automation has created a new trend and is being widely adopted; this is going to continue in the
future owing to the adoption of the mobile applications and cloud-based applications that support the
sourcing and procurement process. Large retailers, in order, to maintain their position in the market
are evolving technologically and are getting opportunities to become the industry infrastructure
providers owing to the high demand for the store operations and inventory management. The better
visibility in data that is related to sourcing and improved relationship between suppliers and retailers
and the demand for centralized procurement processes are the factors that are driving the market
growth. The end-users are becoming more informed about resources owing to the wide range of
product choices and the rapid globalization, thus the retail sourcing and procurement market is
growing.
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