Home / ICT / Global Business Spend Management Software Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 To 2027

Global Business Spend Management Software Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 To 2027

Published: Dec 2019 | Published By: Acute Market Research

The global market is worth US$ 7.04 Bn in 2018 and expected to grow at a CAGR of 10.5% during the forecast period from 2019 to 2027.

Market Insights

"Optimization of business processes to increase enterprise profit has high demand for BSM software solution"

Business spend management (BSM) software offers strategic, operational and financial benefits by automating the transactional processes. All over the world, organization are focusing on increasing their profit and reducing operational cost by optimizing procurement, expense, contract management and other business processes. This, in turn, influenced the global business spend management software market, reaching US$ 7.04 Bn in 2018.

Furthermore, an increasing number of SMEs in the developed and developing regions, especially, in the U.S., China, India, Israel and resurgence of SMEs in EU along with increasing use of BSM software solution has triggered the global market upward. It is estimated that the market will grow at a CAGR of 10.5% from 2019 – 2027.

The overall business spend management software market is fairly competitive in nature. The market players are more focused on advancing their current tools and provide best solutions-at-one-place to their client.

Industrial Developments

• In November 2019, Coupa Software Inc. announced its advanced tools for BSM for enterprises to improve visibility, control and agility in its spending. This new cloud-based BSM tool provides comprehensive platform for effective management of their business spend. With the new launch, the company is expected to further improve its market share.
• In August 2018, IBM, in partnership with Travelport, introduced “IBM Travel Manager”, an AI-based designed to manage corporate travel spend. This cloud-based uses IBM Watson to track, manage, predict and analyze travelling cost in one place. This helps companies to optimize their travel programs. This new platform has helped the company to increase its market share in the market.

Key Market Movements:

• Globally, the business spend management software market is growing at a CAGR of 10.5% for the period from 2019 to 2027.
• Based on deployment, on-cloud segment captured the largest market share in 2018 owing to low cost and easy installation procedure. Further, the latest security technologies can be upgraded within seconds to reduce the risk of leak of enterprise information. Overall, the region has captured around 55% market share in 2018.
• On the basis of geography, North America is the largest regional market for business spend management software market in 2018. The region has the presence of large number of enterprises that are investing in business management to operate their enterprises more efficiently. In 2018, the region has captured over 40% of the market share. It is estimated that the region will remain dominant during the forecast period. Furthermore, well-established BFSI, healthcare, IT & Telecom and other industries will help the region to be dominant across the forecast period.

List of Companies Covered:

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

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

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)

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)

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