SaaS Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2022-2026

SaaS Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 120
  • SKU: IRCMSTR21705

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SaaS Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth Analysis

The SaaS procurement category is projected to grow at a CAGR of 11.35% during 2022-2026. The prices are outlined to rise by 10%-12% during the forecast period and suppliers will have moderate bargaining power in this market. Amazon.com Inc., International Business Machines Corp., and Microsoft Corp. are a few of the key suppliers in the SaaS market.

SaaS Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth AnalysisSaaS Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth Analysis

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Who are the Top Suppliers in the SaaS Market?

This report offers detailed insights and analysis of the major cost drivers, volume drivers, and innovations of the SaaS procurement and sourcing market, which the global suppliers have been leveraging to gain a competitive edge across regions. Some of the leading SaaS suppliers profiled extensively in this report include:

Top Suppliers in the SaaS Market

Furthermore, this SaaS procurement market report provides a detailed analysis of procurement strategies deployed by major category end-users across several industries while sourcing for SaaS requirements. In addition, the most adopted and high potential pricing models considered by buyers have been analyzed in this report, which will help understand business scopes for revenue expansion. These data will assist buyers to realize cost savings and identify business strategies to improve sales.

What are the Most Suitable Supplier Selection Criteria, Supplier Evaluation Metrics, and SLA that Buyers Should Consider?

The SaaS procurement market report provides a detailed analysis of various supplier selection criteria, RFX questions, supplier evaluation metrics, and the service level agreements that the buyers should consider adopting to achieve significant cost savings, streamline the procurement process, and reduce category TCO while sourcing for SaaS requirements.

SaaS Market Supplier Selection Criteria, Supplier Evaluation Metrics, and SLA

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What are the Most Adopted Procurement Strategies by Buyers Across Industries?

The report provides a detailed insight into the most adopted procurement strategies by buyers across industries and an analysis of these strategies with respect to innovation, regulatory compliance, quality, supply, and cost. Adoption of these procurement strategies will enable the buyers to reduce category TCO and achieve cost savings, while sourcing for SaaS requirements.

What are the Major Pricing Models Adopted by Buyers in SaaS Market?

The report discusses in detail each pricing model and the pros and cons attached to every pricing model prevalent in the market. Also, the report provides insights with respect to the category supply chain and the margins of various suppliers within the supply chain. These market analysis data will enable the buyers to make informed strategic sourcing decisions. Buy the full SaaS procurement market report now to get comprehensive details on pricing models

Price Strategies and Benchmark

SaaS Procurement Pricing Model

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To optimize the value of the purchase, it is crucial to keep a track of current and future price trends. Price forecasts are beneficial in purchase planning, especially when supplemented by the constant monitoring of price influencing factors. During the forecast period, the market expects an incremental spend of 128.46 $ billion due to various market drivers prevalent across multiple regions. Also, the report speaks about various cost-saving factors through an analysis of the below factors:

  • Identify favorable opportunities in SaaS TCO (total cost of ownership)
  • Expected changes in price forecast and factors driving the current and future price changes
  • Identify pricing models that offer the most rewarding opportunities

What will the Spend Growth and Demand be by Region?

The SaaS market will register an incremental spend of about 128.46 $ billion during the forecast period. However, only a few regions will drive the majority of this growth. Moreover, on the supply side, North America, Europe, and APAC will have the maximum influence owing to the supplier base. The growth is expected to be primarily driven by increasing demand and adoption of the category across those few regions. To get a detailed analysis of the volume drivers that are driving the adoption of the category across regions, buy the full report now!

The drivers and inhibitors that influence these global and regional outlooks are elaborated in detail in this procurement report. Our in-depth growth decomposition analysis covers details on:

  • Factors driving the growth (or lack of it) in individual geographies
  • Regions that hold the most rewarding opportunities for buyers and suppliers
  • Spend growth and regional spend segmentation over the coming years

SaaS Procurement Spend Growth Analysis

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What are the Major Category Management Objectives for SaaS Sourcing?

A targeted strategic approach to SaaS sourcing will provide several opportunities. However, in the absence of actionable intelligence on SaaS, buyers may end up focusing on a tactical sourcing strategy without any focus on cost-saving opportunities. Hence, this report focuses on category management initiatives such as supply assurance, green initiatives, and cost savings, which will assist buyers to formulate a strategic procurement strategy

The report explains the following key category management objectives that should form the base for sourcing strategy.

Category Management Objectives for SaaS Sourcing

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In addition to helping buyers in identifying the strategic goals and initiatives for category management, the report also has detailed insights into the most outsourced category management activities and category enablers which can simplify the procurement process for buyers.

Scope of SaaS

Report Specs

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Spend growth (CAGR)

11.35%

Incremental spend

128.46 $ billion

Pricing growth outlook

10%-12%

Pricing models

Subscription-based pricing model and Per transaction pricing model

Supplier selection scope

Availability of technologies that align with SaaS objectives, Cloud management services, Capability to offer data security, and Flexibility and quality of services

Supplier opportunities

Reducing total ownership cost, Conference participation, Manage ad hoc spend, Managing labor price volatility, Negotiate on pricing and contractual terms, Ad-hoc spend management, Adoption of automation, Quality management, and Managing inventory shrinkage

Supplier selection criteria

Business needs, Technical specifications, Operational requirements, Security compliance, Regulatory mandates, Legal requirements, Quality control, Change management procedures, Pricing models, Penalty clauses, SLA nuances, Acceptance criteria, and Evaluation criteria

Category management scope

Supply assurance, Green initiatives, Cost savings, Adherence to regulatory nuances, Top-line growth, Supply base rationalization, Scalability of inputs, Reduction of TCO, Customer retention, Category innovations, Demand forecasting, and governance, and Minimalization of ad hoc purchases

Top suppliers

Amazon.com Inc., International Business Machines Corp., Microsoft Corp., Fujitsu Ltd., Alphabet Inc., Salesforce.com Inc., SAP SE, Sage Group Plc, Adobe Inc., and Infor

Market dynamics

Regional category spend in terms of percentage with respect to North America, South America, Europe, Middle East, and Africa and APAC and global category spend and CAGR in terms of percentage over a span of 5 years.

Customization scope

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SaaS Procurement

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Executive Summary

    Market Insights

      Category Pricing Insights

        Cost-saving Opportunities

          Best Practices

            Category Ecosystem

              Category Management Strategy

                Category Management Enablers

                  Suppliers Selection

                    Suppliers under Coverage

                      US Market Insights

                        Category scope

                          Appendix

                            Research Framework

                            SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                            INFORMATION SOURCES

                            Primary sources

                            • Procurement heads
                            • Category managers
                            • Sourcing consortium professionals
                            • Industry experts and thought leaders
                            • Procurement managers
                            • Category heads of suppliers
                            • Client account heads/managers
                            • Client and industry consultants

                            Secondary sources

                            • Industry journals and reports
                            • Periodicals and new articles
                            • Category webinars
                            • Internal categiry playbooks
                            • Industry and government websites on regulations and compliance
                            • Internal databases
                            • Industry blogs/thought leader briefings

                            DATA ANALYSIS

                            SaaS Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2022-2026
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                            The saas procurement market will grow at a CAGR of about 10.99% during 2020-2024.
                            During 2020-2024, the saas procurement market will register an incremental spend of about 104.
                            Amazon.com Inc., IBM Corp., Microsoft Corp., Fujitsu Ltd., Alphabet Inc., Salesforce.com Inc., SAP SE, Sage Group Plc, Adobe Inc., and Infor are some of the prominent suppliers in saas market.
                            Subscription-based pricing model and per transaction pricing model are the widely adopted pricing models in saas procurement.
                            During the forecast period, the price for saas procurement will increase by 3%-5%.