Summary

Business Spend Management Software Market Size, Share, and Analysis, By Solution (Procure to Pay, Travel and Expense Management, Spend Management/Spend Analytics, Contract & Tender Management and Others), By Deployment (Cloud, On Premise), By Enterprise Type (SMEs and Large Enterprise), By End User (BFSI, IT, And Telecom, Energy, Healthcare, Manufacturing, Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW
Business Spend Management Software Market is anticipated to grow at a CAGR of 12% in the forecast period (2024-2034), with the market size valued at USD 20.4 billion in 2023 and projected to reach USD 70.8 billion by 2034.
Business Spend Management (BSM) Software comprises of a collection of digital tools and platform which are designed in order to ease out, automate and optimize various aspects of a company's spending processes. These solutions generally cover a large range of functions which includes procurement, supplier management, spend management, invoice processing, expense management, and financial analysis. BSM software are being used by various organizations and corporations to gain better insights and control over the various spending activities, which directly helps them to make better informed decisions, reducing the overall costs and risks associated with businesses. BSM software effectively use various modern technology such as artificial intelligence, machine learning, and data analytics in order to provide better insights and predictive analytics. The market consists of a diverse range of companies from larger software giants to specialized smaller vendors, each offering services tailored to needs of customers.

MARKET HIGHLIGHTS
Business Spend Management Software Market is anticipated to reach USD 70.8 billion, growing at a CAGR of 12% during the forecast period due to the main rising needs for better cost optimization and operational efficiency across diverse industries. Business Spend Management Software are known for facilitating businesses while providing better solutions such as Procure to Pay, Travel and Expense Management, Spend Management/Spend Analytics, Contract & Tender Management. Which are all based on either Cloud servers or On Premise solutions cantered on company premises, every form of enterprise effectively uses these service ranging from SMEs to Large Enterprises. These software are effectively used in various industries ranging from BFSI, IT, And Telecom, Energy, Healthcare, Manufacturing and Others.

Business Spend Management Software Market Segments:

• By Solution
o Procure to Pay
o Travel and Expense Management
o Spend Management/Spend Analytics
o Contract & Tender Management
o Others
• By Deployment
o Cloud
o On Premise
• By Enterprise Type
o SMEs
o Large Enterprise
• By End User
o BFSI
o IT and Telecom
o Energy
o Healthcare
o Manufacturing
o Others

MARKET DYNAMICS
Growth Drivers
Growing need for better cost control in the companies is fuelling the demand for better spending management services
Improving Compliance Requirements by various governments are enhancing needs for spending management software
Restraint
Security concerns among corporations and users stand as the major obstacle for better growth

Key Players
• SAP SE
• Zycus Inc.
• Oracle Corporation
• IBM Corporation
• Coupa Software Inc.
• GEP
• Jaggaer
• Proactis Holdings
• Ivalua Inc.
• Determine Inc. (Corcentric)
• Basware Corporation
• Apptricity Corp.
• SutiSoft Inc.
• Intelex Technologies
• FreshBooks
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:
• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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Table of Contents

1.Executive Summary
1.1. Regional Market Share
1.2.Business Trends
1.3. Business Spend Management Software Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1.Market Definition
3.2.Business Spend Management Software Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.Business Spend Management Software Market – Industry Insights
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7. Market Dynamics
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.Risk Analysis
9. Market Analysis
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.Business Spend Management Software Market
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. Business Spend Management Software Market Size & Forecast 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Solution
11.3.1.1. Procure to Pay
11.3.1.1.1.By Value (USD Million) 2024-2034F
11.3.1.1.2. Market Share (%) 2024-2034F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.2. Travel and Expense Management
11.3.1.2.1. By Value (USD Million) 2024-2034F
11.3.1.2.2.Market Share (%) 2024-2034F
11.3.1.2.3.Y-o-Y Growth (%) 2024-2034
11.3.1.3.Spend Management/Spend Analytics
11.3.1.3.1. By Value (USD Million) 2024-2034F
11.3.1.3.2.Market Share (%) 2024-2034F
11.3.1.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.4.Contract & Tender Management
11.3.1.4.1. By Value (USD Million) 2024-2034F
11.3.1.4.2.Market Share (%) 2024-2034F
11.3.1.4.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.5.Others
11.3.1.5.1. By Value (USD Million) 2024-2034F
11.3.1.5.2.Market Share (%) 2024-2034F
11.3.1.5.3.Y-o-Y Growth (%) 2024-2034F
11.3.2. By Deployment
11.3.2.1.Cloud
11.3.2.1.1. By Value (USD Million) 2024-2034F
11.3.2.1.2.Market Share (%) 2024-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.2. On Premise
11.3.2.2.1.By Value (USD Million) 2024-2034F
11.3.2.2.2. Market Share (%) 2024-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.By Enterprise Type
11.3.3.1.SMEs
11.3.3.1.1. By Value (USD Million) 2024-2034F
11.3.3.1.2.Market Share (%) 2024-2034F
11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Large Enterprise
11.3.3.2.1.By Value (USD Million) 2024-2034F
11.3.3.2.2. Market Share (%) 2024-2034F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.By End User
11.3.4.1.BFSI
11.3.4.1.1. By Value (USD Million) 2024-2034F
11.3.4.1.2.Market Share (%) 2024-2034F
11.3.4.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.4.2. IT And Telecom
11.3.4.2.1.By Value (USD Million) 2024-2034F
11.3.4.2.2. Market Share (%) 2024-2034F
11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.3. Energy
11.3.4.3.1.By Value (USD Million) 2024-2034F
11.3.4.3.2. Market Share (%) 2024-2034F
11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.4.Healthcare
11.3.4.4.1.By Value (USD Million) 2024-2034F
11.3.4.4.2. Market Share (%) 2024-2034F
11.3.4.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.5. Manufacturing
11.3.4.5.1.By Value (USD Million) 2024-2034F
11.3.4.5.2. Market Share (%) 2024-2034F
11.3.4.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.6. Others
11.3.4.6.1.By Value (USD Million) 2024-2034F
11.3.4.6.2. Market Share (%) 2024-2034F
11.3.4.6.3. Y-o-Y Growth (%) 2024-2034F
12.North America Business Spend Management Software Market Size & Forecast 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Solution
12.3.2. By Deployment
12.3.3. By Enterprise Type
12.3.4. By End User
12.4. Country
12.4.1. United States
12.4.2. Canada
13.Europe Business Spend Management Software Market Size & Forecast 2024A-2034F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Solution
13.3.2. By Deployment
13.3.3. By Enterprise Type
13.3.4. By End User
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.Asia-Pacific Business Spend Management Software Market Size & Forecast 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Solution
14.3.2. By Deployment
14.3.3. By Enterprise Type
14.3.4. By End User
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.Middle East and Africa Business Spend Management Software Market Size & Forecast 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Solution
15.3.2. By Deployment
15.3.3. By Enterprise Type
15.3.4. By End User
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. Latin America Business Spend Management Software Market Size & Forecast 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Solution
16.3.2. By Deployment
16.3.3. By Enterprise Type
16.3.4. By End User
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. Competitive Landscape
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1.SAP SE
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Zycus Inc.
18.3.Oracle Corporation
18.4.IBM Corporation
18.5.Coupa Software Inc.
18.6.GEP
18.7.Jaggaer
18.8.Proactis Holdings
18.9.Ivalua Inc.
18.10. Determine Inc. (Corcentric)
18.11. Basware Corporation
18.12.Apptricity Corp.
18.13.SutiSoft Inc.
18.14. Intelex Technologies
18.15.FreshBooks
18.16.Other Prominent Players
19. Appendix
20.Consultant Recommendation