TechNavio today launched its report Global Procurement Applications Market 2011“2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers™ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio™s Enterprise Applications team said, A software-as-a-service (SaaS)-based application offers various benefits to organizations such as low initial cost because it reduces the capital outflow required to set up an application on premises. SaaS-based procurement software provides control over the purchasing process to enhance business operations through a flexible and low-cost business model. SaaS-based procurement software providers provide customers with network-based access to procurement applications, which is designed exclusively for SaaS distribution. Consequently, it removes the need for time-consuming patches and updates in procurement software.
According to the report, one of the main trends in the Global Procurement Applications market is the increasing adoption of procurement applications in government agencies. With these applications, several government agencies have been able to purchase goods and services much more rapidly and cost effectively. Procurement software provides government agencies with an easy and effective way to select the most qualified supplier among a number of suppliers.
Further, the report also discusses that the constant need to train employees is one of the main reasons for companies not opting for procurement applications.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-procurement-applications-market-2011…
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TechNavio Announces the Publication of its Report “ Global Procurement Applications Market 2011“2015
