Zion Market Research Global Retail Sourcing and Procurement Market, 201 | Page 3

Retail Sourcing and Procurement Market
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: 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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Global Retail Sourcing and Procurement Market: Regional Analysis
The largest market share for the retail sourcing and procurement market was accounted by
North America. The factors that contributed to this growth are better network infrastructure,
digital penetration in logistics and support, technological advancement and digital
penetration in logistics and support. North America is followed by Europe and the Asia-