Home / Information and Communications Technology / Business Spend Management (BSM) Software Market By Solution (Procure To Pay, Travel & Expense Management, Spend Analysis, Contract Management, Others), By Enterprise (Large, SMEs), by Deployment (On-cloud, On-premise), By End-use (IT & Telecom, Energy, Healthcare, Manufacturing, Others) - Growth, Future Prospects, And Competitive Analysis, 2019 - 2027

Business Spend Management (BSM) Software Market By Solution (Procure To Pay, Travel & Expense Management, Spend Analysis, Contract Management, Others), By Enterprise (Large, SMEs), by Deployment (On-cloud, On-premise), By End-use (IT & Telecom, Energy, Healthcare, Manufacturing, Others) - Growth, Future Prospects, And Competitive Analysis, 2019 - 2027

Published: Dec 2019 | Report Code: 60139-12-19

Key Market Insights

Streamlining the business processes to optimize the spending is improving adoption of BSM software worldwide

Using BSM software solution, enterprises can reduce their cost of goods & services, increased procurement leverages, process efficiency and also mitigate the risk which may cause by supplier non-performance or supplier non-compliance. Additionally, with the increased transparency in the procurement process and increased visibility into spending and contract provides enhanced financial control, organizational agility and increased productivity.

With the growth of enterprises, it is difficult to manage the spending of large number of vendors and transactions. Also, with rising cost-effective software solutions, high growth start-ups and companies are data-driven and diligent in the way to manage and regulate their spending. This shifts the enterprises towards BSM software to manage their spending.

Market Snapshot

Business Spend Management (BSM) Software Market

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Enterprise Type Analysis

"SMEs is Dominant in 2018 owing to its increasing numbers worldwide"

Among the enterprise size, small & medium enterprises (SMEs) segment expected to grow at the fastest rate during the forecast period. The increasing number of SMEs across the globe and their adoption of software solution to manage their spending through a single platform is driving the demand for business spend management software. Further, insurgence of SMEs in Europe from last year has high impact on the growing adoption of software; thereby, increasing the market size in 2018.

Business Spend Management (BSM) Software Market

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Regional Analysis

"The rising number of SMEs expected to grow Asia Pacific market at the fastest rate"

Asia Pacific is home to large number of SMEs which are adopting BSM software. These SMEs are affecting with the rising wages and increasing number of global enterprises in the region. To stay competitive in the growing competition, regional enterprises are shifting towards reducing their operational cost. This, in turn, aided the adoption of BSM software in the region.

However, some of the industrial factors which are reducing the adoption of BSM software in the region includes high cost of new platform, integration of new software with existing system and ROI.

Business Spend Management (BSM) Software Market

"Emerging Partnership Trend is keeping the Market Competitive"

The overall business spend management software market is fragmented and market players are focusing on advancing their current technology and partnering with other companies to grab major share of the market. For instance, in November 2019, American Express partnered with Coupa Software Inc. to launch virtual AmEx on Coupa’s BSM platform. With this new virtual card, businesses can pay for its goods and services through the Coupa platform.

List of Companies Covered:

  • Ariba Inc.
  • Coupa Software Inc.
  • Advanced
  • Procurify
  • IBM
  • TRADOGRAM
  • Fraxion
  • SutiSoft, Inc.
  • Sievo
  • GEP
  • Others

Business Spend Management (BSM) Software Market

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Key Industry Development:

  • In December 2019, BT Group selected Ariba Inc. as its technology partner to deploy its technology across its businesses that include, finance, procurement and workforce management. This will help BT Group to manage their spending in a better way and increase the client base of Ariba Inc.
  • In November 2019, Serco Group plc. selected GEP as a strategic partner to manage its procurement services. This cloud-based, AI-powered digital platform will be used for direct and indirect procurement. With this partnership, GEP expected to increase market share in the near future.

Historical & Forecast Period

The research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.

Market Segmentation

 

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Solution Segment (2017-2027; US$ Bn)
 • Procure to pay
 • Travel & expense management
 • Spend Analysis
 • Contract Management
 • Others

 Enterprise Segment (2017-2027; US$ Bn)
 • Large
 • SMEs

 Deployment Segment (2017-2027; US$ Bn)
 • On-cloud
 • On-premise

 End-use (2017-2027; US$ Bn))
 • BFSI
 • IT & Telecom
 • Energy
 • Healthcare
 • Manufacturing
 • Others

 Geography Segment (2017-2027; US$ Bn)
 • North America (U.S., Rest of North America)
 • Europe (U.K., Germany, France, Rest of Europe)
 • Asia Pacific (Japan, China, India, Rest of APAC)
 • Rest of the World (Middle East & Africa, Latin America)

The current report also comprehends qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that give a better market understanding of the global business spend management software market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.

Key questions answered in this report

  • What was the market size of business spend management software market in 2018 and forecast up to 2027?
  • What are the key factors driving the global business spend management software market?
  • What are the key market trends and high-growth opportunities observed in the business spend management software market?
  • Which is the largest regional market for business spend management software market?
  • Which segment will grow at a faster pace? Why?
  • Which region will drive the market growth? Why?
  • Which players are leading the business spend management software market?
  • What are the key strategies adopted by the leading players operating in the market?

Unique data points of this report

  • Recent trends across different regions in terms of the development of business spend management software
  • Attractive investment proposition for application segment as well as geography

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Business Spend Management Software (BSMS) Market
2.2. Global BSMS Market, by Solution, 2018 (US$ Bn)
2.3. Global BSMS Market, by Enterprise, 2018 (US$ Bn)
2.4. Global BSMS Market, by Deployment, 2018 (US$ Bn)
2.5. Global BSMS Market, by End-use, 2018 (US$ Bn)
2.6. Global BSMS Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global Business Spend Management Software (BSMS) Market Value, 2017 – 2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Business Spend Management Software Market, by Solution , 2017 – 2027 (US$ Bn)
4.1. Overview
4.2. Procure to pay
4.3. Travel & expense management
4.4. Spend Analysis
4.5. Contract Management
4.6. Others

5. Global Business Spend Management Software Market, by Enterprise, 2017 – 2027 (US$ Bn)
5.1. Overview
5.2. Large
5.3. SMEs

6. Global Business Spend Management Software Market, by Deployment, 2017 – 2027 (US$ Bn)
6.1. Overview
6.2. On-cloud
6.3. On-premise

7. Global Business Spend Management Software Market, by End-use, 2017 – 2027 (US$ Bn)
7.1. Overview
7.2. BFSI
7.3. IT & Telecom
7.4. Energy
7.5. Healthcare
7.6. Manufacturing
7.7. Others

8. North America Business Spend Management Software Market Analysis, 2017 – 2027 (US$ Bn)
8.1. Overview
8.1.1. North America BSMS Market Value and Growth, 2017 – 2027, (US$ Bn)
8.2. North America BSMS Market Value, By Solution, 2017 – 2027 (US$ Bn)
8.2.1. Market Analysis
8.3. North America BSMS Market Value, By Enterprise, 2017 – 2027 (US$ Bn)
8.3.1. Market Analysis
8.4. North America BSMS Market Value, By Deployment, 2017 – 2027 (US$ Bn)
8.4.1. Market Analysis
8.5. North America BSMS Market Value, By End-use, 2017 – 2027 (US$ Bn)
8.5.1. Market Analysis
8.6. North America BSMS Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
8.6.1. Market Analysis
8.6.2. U.S.
8.6.3. Rest of North America

9. Europe Business Spend Management Software Market Analysis, 2017 – 2027 (US$ Bn)
9.1. Overview
9.1.1. Europe BSMS Market Value and Growth, 2017 – 2027, (US$ Bn)
9.2. Europe BSMS Market Value, By Solution, 2017 – 2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Europe BSMS Market Value, By Enterprise, 2017 – 2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Europe BSMS Market Value, By Deployment, 2017 – 2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Europe BSMS Market Value, By End-use, 2017 – 2027 (US$ Bn)
9.5.1. Market Analysis
9.6. Europe BSMS Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
9.6.1. Market Analysis
9.6.2. U.K.
9.6.3. Germany
9.6.4. France
9.6.5. Rest of Europe

10. Asia Pacific Business Spend Management Software Market Analysis, 2017 – 2027 (US$ Bn)
10.1. Overview
10.1.1. Asia Pacific BSMS Market Value and Growth, 2017 – 2027, (US$ Bn)
10.2. Asia Pacific BSMS Market Value, By Solution, 2017 – 2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Asia Pacific BSMS Market Value, By Enterprise, 2017 – 2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Asia Pacific BSMS Market Value, By Deployment, 2017 – 2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Asia Pacific BSMS Market Value, By End-use, 2017 – 2027 (US$ Bn)
10.5.1. Market Analysis
10.6. Asia Pacific BSMS Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
10.6.1. Market Analysis
10.6.2. Japan
10.6.3. China
10.6.4. India
10.6.5. Rest of Asia Pacific

11. Rest of the World Business Spend Management Software Market Analysis, 2017 – 2027 (US$ Bn)
11.1. Overview
11.1.1. Rest of the World BSMS Market Value and Growth, 2017 – 2027, (US$ Bn)
11.2. Rest of the World BSMS Market Value, By Solution, 2017 – 2027 (US$ Bn)
11.2.1. Market Analysis
11.3. Rest of the World BSMS Market Value, By Enterprise, 2017 – 2027 (US$ Bn)
11.3.1. Market Analysis
11.4. Rest of the World BSMS Market Value, By Deployment, 2017 – 2027 (US$ Bn)
11.4.1. Market Analysis
11.5. Rest of the World BSMS Market Value, By End-use, 2017 – 2027 (US$ Bn)
11.5.1. Market Analysis
11.6. Rest of the World BSMS Market Value, By Region, 2017 – 2027 (US$ Bn)
11.6.1. Market Analysis
11.6.2. Middle East & Africa
11.6.3. Latin America

12. Company Profiles
12.1. Altergy
12.2. Ariba Inc.
12.3. Coupa Software Inc.
12.4. Advanced
12.5. Procurify
12.6. IBM
12.7. TRADOGRAM
12.8. Fraxion
12.9. SutiSoft, Inc.
12.10. Sievo
12.11. GEP

Here we are using BSMS as a short form of Business Spend Management Software

FIG. 1 Global Business Spend Management Software (BSMS) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global BSMS Market Segmentation
FIG. 4 Global BSMS Market, by Solution, 2018, (US$ Bn)
FIG. 5 Global BSMS Market, by Enterprise, 2018, (US$ Bn)
FIG. 5 Global BSMS Market, by Deployment, 2018, (US$ Bn)
FIG. 6 Global BSMS Market, by End-use, 2018, (US$ Bn)
FIG. 7 Global BSMS Market, by Geography, 2018 (US$ Bn)
FIG. 8 Global BSMS Market Value, 2017 - 2027, (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Geography, 2018
FIG. 10 Global Market Positioning of Key BSMS Providers, 2018
FIG. 11 Global BSMS Market Value Share, by Solution, 2018 & 2027 (Value %)
FIG. 12 Global BSMS Market Value for Procure to pay, 2017 – 2027, (US$ Bn)
FIG. 13 Global BSMS Market Value for Travel & expense management, 2017 – 2027, (US$ Bn)
FIG. 14 Global BSMS Market Value for Spend Analysis, 2017 – 2027, (US$ Bn)
FIG. 14 Global BSMS Market Value for Contract Management, 2017 – 2027, (US$ Bn)
FIG. 14 Global BSMS Market Value for Others, 2017 – 2027, (US$ Bn)
FIG. 15 Global BSMS Market Value Share by Enterprise, 2018 & 2027 (Value %)
FIG. 16 Global BSMS Market Value for Large Enterprises, 2017 – 2027, (US$ Bn)
FIG. 17 Global BSMS Market Value for SMEs, 2017 – 2027, (US$ Bn)
FIG. 15 Global BSMS Market Value Share by Deployment, 2018 & 2027 (Value %)
FIG. 16 Global BSMS Market Value for On-premise, 2017 – 2027, (US$ Bn)
FIG. 17 Global BSMS Market Value for On-cloud, 2017 – 2027, (US$ Bn)
FIG. 20 Global BSMS Market Value Share, by End-use, 2018 & 2027 (Value %)
FIG. 21 Global BSMS Market Value for BFSI, 2017 – 2027, (US$ Bn)
FIG. 22 Global BSMS Market Value for IT & Telecom, 2017 – 2027, (US$ Bn)
FIG. 23 Global BSMS Market Value for Energy, 2017 – 2027, (US$ Bn)
FIG. 21 Global BSMS Market Value for Healthcare, 2017 – 2027, (US$ Bn)
FIG. 22 Global BSMS Market Value for Manufacturing, 2017 – 2027, (US$ Bn)
FIG. 23 Global BSMS Market Value for Others, 2017 – 2027, (US$ Bn)
FIG. 24 North America BSMS Market Value, 2017 – 2027, (US$ Bn)
FIG. 25 Europe BSMS Market Value, 2017 – 2027, (US$ Bn)
FIG. 26 Asia Pacific BSMS Market Value, 2017 – 2027, (US$ Bn)
FIG. 27 Rest of the World BSMS Market Value, 2017 – 2027, (US$ Bn)

TABLE 1 Market Snapshot: Global Business Spend Management Software (BSMS) Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global BSMS Market, by Solution, 2017-2027, (US$ Bn)
TABLE 5 Global BSMS Market, by Enterprise, 2017 – 2027, (US$ Bn)
TABLE 5 Global BSMS Market, by Deployment, 2017 – 2027, (US$ Bn)
TABLE 6 Global BSMS Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 7 Global BSMS Market Value, by Region/Country, 2017 - 2027, (US$ Bn)
TABLE 8 North America BSMS Market, by Solution, 2017-2027, (US$ Bn)
TABLE 9 North America BSMS Market, by Enterprise, 2017 – 2027, (US$ Bn)
TABLE 9 North America BSMS Market, by Deployment, 2017 – 2027, (US$ Bn)
TABLE 10 North America BSMS Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 11 North America BSMS Market Value, by Region/Country, 2017 - 2027, (US$ Bn)
TABLE 12 Europe BSMS Market, by Solution, 2017-2027, (US$ Bn)
TABLE 13 Europe BSMS Market, by Enterprise, 2017 – 2027, (US$ Bn)
TABLE 13 Europe BSMS Market, by Deployment, 2017 – 2027, (US$ Bn)
TABLE 14 Europe BSMS Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 15 Europe BSMS Market Value, by Region/Country, 2017 – 2027, (US$ Bn)
TABLE 16 Asia Pacific BSMS Market, by Solution, 2017-2027 (US$ Bn)
TABLE 17 Asia Pacific BSMS Market, by Enterprise, 2017 – 2027 (US$ Bn)
TABLE 17 Asia Pacific BSMS Market, by Deployment, 2017 – 2027 (US$ Bn)
TABLE 18 Asia Pacific BSMS Market, by End-use, 2017 – 2027 (US$ Bn)
TABLE 19 Asia Pacific BSMS Market Value, by Region/Country, 2017 – 2027, (US$ Bn)
TABLE 20 Rest of the World BSMS Market, by Solution, 2017 - 2027, (US$ Bn)
TABLE 21 Rest of the World BSMS Market, by Enterprise, 2017 – 2027, (US$ Bn)
TABLE 21 Rest of the World BSMS Market, by Deployment, 2017 – 2027, (US$ Bn)
TABLE 22 Rest of the World BSMS Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 23 Rest of the World BSMS Market Value, by Region, 2017 - 2027, (US$ Bn)
TABLE 24 Ariba Inc.: Company Snapshot (Business Description; Enterprise Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 25 Coupa Software Inc.: Company Snapshot (Business Description; Enterprise Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 26 Advanced: Company Snapshot (Business Description; Enterprise Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 27 Procurify: Company Snapshot (Business Description; Enterprise Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 28 IBM: Company Snapshot (Business Description; Enterprise Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 29 TRADOGRAM: Company Snapshot (Business Description; Enterprise Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 30 Fraxion: Company Snapshot (Business Description; Enterprise Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 31 SutiSoft, Inc.: Company Snapshot (Business Description; Enterprise Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 32 Sievo: Company Snapshot (Business Description; Enterprise Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 33 GEP: Company Snapshot (Business Description; Enterprise Portfolio; Financial Information; Business Overview and Recent Development)

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