As of 2023, SAP Ariba led the global procurement software market with a market share of roughly 49 percent. Wax Digital web3 Purchase to Pay followed SAP, having jumped from less than three percent of the market share to nearly ten percent in one year. Procurement software assists in the selection of vendors, establishment of payment terms, and overall negotiation of contracts and purchase goods.
Leading vendors' share of the procurement software market worldwide in 2023
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Datanyze. (November 22, 2023). Leading vendors' share of the procurement software market worldwide in 2023 [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/633145/worldwide-procurement-software-market-share-by-vendor/
Datanyze. "Leading vendors' share of the procurement software market worldwide in 2023." Chart. November 22, 2023. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/633145/worldwide-procurement-software-market-share-by-vendor/
Datanyze. (2023). Leading vendors' share of the procurement software market worldwide in 2023. Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/633145/worldwide-procurement-software-market-share-by-vendor/
Datanyze. "Leading Vendors' Share of The Procurement Software Market Worldwide in 2023." Statista, Statista Inc., 22 Nov 2023, https://www.statista.com/statistics/633145/worldwide-procurement-software-market-share-by-vendor/
Datanyze, Leading vendors' share of the procurement software market worldwide in 2023 Statista, https://www.statista.com/statistics/633145/worldwide-procurement-software-market-share-by-vendor/ (last visited December 03, 2024)
Leading vendors' share of the procurement software market worldwide in 2023 [Graph], Datanyze, November 22, 2023. [Online]. Available: https://www.statista.com/statistics/633145/worldwide-procurement-software-market-share-by-vendor/
