Global Business Spend Management Software Market Size Study & Forecast, by Solution, By Deployment, By Enterprise Type, By End-user, and Regional Analysis, 2023-2030

Description

List of Tables

Global Business Spend Management (BSM) Software Market is valued at approximately USD 19.07 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 11.9% over the forecast period 2023-2030. Business spend management (BSM) software is used to gather, aggregate, preserve, categorize and evaluate expenditure data in order to reduce procurement costs, manage and monitor workflows, enforce compliance and boost productivity. This software offers real-time spend visibility, assisting organizations to centralize their cash flow management into a single platform. The surging demand for cost-effective solutions, growing need for better visibility into spending, growing internet and smartphone penetration and rising emphasis on risk management are the most prominent factors that are propelling the market demand across the globe.

Additionally, the growth of the e-commerce sector is playing a vital role, which is leading the market development during the estimated period. The e-commerce industry growth has made it easier for companies to purchase goods and services from a variety of suppliers. BSM software helps companies manage these transactions and ensures compliance with procurement policies. For instance, according to the India Brand Equity Foundation (IBEF), in India, the e-commerce sector has been recorded with USD 52.57 billion in 2020 and the amount is projected to grow and reach to USD 350 billion by 2030. Likewise, according to Statista, in 2019, the e-commerce market in the United Kingdom was valued at USD 75.4 billion, and the market increased significantly and reached USD 129 billion in 2021. Hence, the development of e-commerce is fostering market growth at a considerable rate. Moreover, the increasing adoption of cloud-based solutions, as well as the growing technological advancements presents various lucrative opportunities over the forecasting years.

However, the rising security concerns and complexities associated with designs and implementation are hindering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Business Spend Management (BSM) Software Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the high demand for spend analytics in businesses, rising emphasis on the integration of advanced technologies, and the presence of leading companies such as Ivalua Inc., JAGGAER, Xeeva, Coupa Software Inc., and others. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. Progressive digitalization, emergence of cloud-based deployment options, and rising adoption of cost-effective solutions are significantly propelling the market demand across the region.

Major market players included in this report are:

Coupa Software Inc. (U.S.)

Proactis Holdings Plc. (U.K.)

GEP (U.S.)

SAP SE (Germany)

Basware (Finland)

Ivalua Inc. (U.S.)

SutiSoft Inc. (U.S.)

Zycus Inc. (U.S.)

Xeeva Inc. (U.S.)

JAGGAER (U.S.)

Recent Developments in the Market:

In February 2023, Taxback International and Conovum entered into a collaboration In order to handle the client's VAT process. This agreement facilitates the integration of Conovum's solutions with Taxback's VAT and compliance solutions.
In November 2022, Ivalua and Raqmiyat, a top system integrator and digital enabler, partnered to introduce digitalization to eProcurement solutions throughout the UAE and Saudi Arabia.

Global Business Spend Management (BSM) Software Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Solution, Deployment, Enterprise Type, End-user, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Solution:

Procure-to-Pay Solutions
Supplier & Risk Management
Travel & Expense Management
Contract & e-Tender Management
Spend Management/Spend Analytics
Others

By Deployment:

Cloud
On-premise

By Enterprise Type:

SMEs
Large Enterprises

By End-user:

BFSI
Healthcare
IT & Telecom
Energy & Utility
Retail & E-commerce
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Business Spend Management (BSM) Software Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Business Spend Management (BSM) Software Market, by Solution, 2020-2030 (USD Billion)
- 1.2.3. Business Spend Management (BSM) Software Market, by Deployment, 2020-2030 (USD Billion)
- 1.2.4. Business Spend Management (BSM) Software Market, by Enterprise Type, 2020-2030 (USD Billion)
- 1.2.5. Business Spend Management (BSM) Software Market, by End-user, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Business Spend Management (BSM) Software Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Business Spend Management (BSM) Software Market Dynamics

3.1. Business Spend Management (BSM) Software Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Growing need for better visibility into spending
  - 3.1.1.2. Growth of the e-commerce sector
- 3.1.2. Market Challenges
  - 3.1.2.1. Rising security concerns
  - 3.1.2.2. Complexities associated with designs and implementation
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing adoption of cloud-based solutions
  - 3.1.3.2. Growing technological advancements

Chapter 4. Global Business Spend Management (BSM) Software Market: Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Business Spend Management (BSM) Software Market, by Solution

5.1. Market Snapshot
5.2. Global Business Spend Management (BSM) Software Market by Solution, Performance - Potential Analysis
5.3. Global Business Spend Management (BSM) Software Market Estimates & Forecasts by Solution 2020-2030 (USD Billion)
5.4. Business Spend Management (BSM) Software Market, Sub Segment Analysis
- 5.4.1. Procure-to-Pay Solutions
- 5.4.2. Supplier & Risk Management
- 5.4.3. Travel & Expense Management
- 5.4.4. Contract & e-Tender Management
- 5.4.5. Spend Management/Spend Analytics
- 5.4.6. Others

Chapter 6. Global Business Spend Management (BSM) Software Market, by Deployment

6.1. Market Snapshot
6.2. Global Business Spend Management (BSM) Software Market by Deployment, Performance - Potential Analysis
6.3. Global Business Spend Management (BSM) Software Market Estimates & Forecasts by Deployment 2020-2030 (USD Billion)
6.4. Business Spend Management (BSM) Software Market, Sub Segment Analysis
- 6.4.1. Cloud
- 6.4.2. On-premise

Chapter 7. Global Business Spend Management (BSM) Software Market, by Enterprise Type

7.1. Market Snapshot
7.2. Global Business Spend Management (BSM) Software Market by Enterprise Type, Performance - Potential Analysis
7.3. Global Business Spend Management (BSM) Software Market Estimates & Forecasts by Enterprise Type 2020-2030 (USD Billion)
7.4. Business Spend Management (BSM) Software Market, Sub Segment Analysis
- 7.4.1. SMEs
- 7.4.2. Large Enterprises

Chapter 8. Business Spend Management (BSM) Software Market, by End-user

8.1. Market Snapshot
8.2. Global Business Spend Management (BSM) Software Market by End-user, Performance - Potential Analysis
8.3. Global Business Spend Management (BSM) Software Market Estimates & Forecasts by End-user 2020-2030 (USD Billion)
8.4. Business Spend Management (BSM) Software Market, Sub Segment Analysis
- 8.4.1. BFSI
- 8.4.2. Healthcare
- 8.4.3. IT & Telecom
- 8.4.4. Energy & Utility
- 8.4.5. Retail & E-commerce
- 8.4.6. Others

Chapter 9. Global Business Spend Management (BSM) Software Market, Regional Analysis

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Business Spend Management (BSM) Software Market, Regional Market Snapshot
9.4. North America Business Spend Management (BSM) Software Market
- 9.4.1. U.S. Business Spend Management (BSM) Software Market
  - 9.4.1.1. Solution breakdown estimates & forecasts, 2020-2030
  - 9.4.1.2. Deployment breakdown estimates & forecasts, 2020-2030
  - 9.4.1.3. Enterprise Type breakdown estimates & forecasts, 2020-2030
  - 9.4.1.4. End-user breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Business Spend Management (BSM) Software Market
9.5. Europe Business Spend Management (BSM) Software Market Snapshot
- 9.5.1. U.K. Business Spend Management (BSM) Software Market
- 9.5.2. Germany Business Spend Management (BSM) Software Market
- 9.5.3. France Business Spend Management (BSM) Software Market
- 9.5.4. Spain Business Spend Management (BSM) Software Market
- 9.5.5. Italy Business Spend Management (BSM) Software Market
- 9.5.6. Rest of Europe Business Spend Management (BSM) Software Market
9.6. Asia-Pacific Business Spend Management (BSM) Software Market Snapshot
- 9.6.1. China Business Spend Management (BSM) Software Market
- 9.6.2. India Business Spend Management (BSM) Software Market
- 9.6.3. Japan Business Spend Management (BSM) Software Market
- 9.6.4. Australia Business Spend Management (BSM) Software Market
- 9.6.5. South Korea Business Spend Management (BSM) Software Market
- 9.6.6. Rest of Asia Pacific Business Spend Management (BSM) Software Market
9.7. Latin America Business Spend Management (BSM) Software Market Snapshot
- 9.7.1. Brazil Business Spend Management (BSM) Software Market
- 9.7.2. Mexico Business Spend Management (BSM) Software Market
9.8. Middle East & Africa Business Spend Management (BSM) Software Market
- 9.8.1. Saudi Arabia Business Spend Management (BSM) Software Market
- 9.8.2. South Africa Business Spend Management (BSM) Software Market
- 9.8.3. Rest of Middle East & Africa Business Spend Management (BSM) Software Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Coupa Software Inc. (U.S.)
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Recent Developments
- 10.3.2. Proactis Holdings Plc. (U.K.)
- 10.3.3. GEP (U.S.)
- 10.3.4. SAP SE (Germany)
- 10.3.5. Basware (Finland)
- 10.3.6. Ivalua Inc. (U.S.)
- 10.3.7. SutiSoft Inc. (U.S.)
- 10.3.8. Zycus Inc. (U.S.)
- 10.3.9. Xeeva (U.S.)
- 10.3.10. JAGGAER (U.S.)

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Business Spend Management (BSM) Software Market, report scope
TABLE 2. Global Business Spend Management (BSM) Software Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Business Spend Management (BSM) Software Market estimates & forecasts by Solution 2020-2030 (USD Billion)
TABLE 4. Global Business Spend Management (BSM) Software Market estimates & forecasts by Deployment 2020-2030 (USD Billion)
TABLE 5. Global Business Spend Management (BSM) Software Market estimates & forecasts by Enterprise Type 2020-2030 (USD Billion)
TABLE 6. Global Business Spend Management (BSM) Software Market estimates & forecasts by End-user 2020-2030 (USD Billion)
TABLE 7. Global Business Spend Management (BSM) Software Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Business Spend Management (BSM) Software Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Business Spend Management (BSM) Software Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Business Spend Management (BSM) Software Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Business Spend Management (BSM) Software Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Business Spend Management (BSM) Software Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Business Spend Management (BSM) Software Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Business Spend Management (BSM) Software Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Business Spend Management (BSM) Software Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Business Spend Management (BSM) Software Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Business Spend Management (BSM) Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Business Spend Management (BSM) Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Business Spend Management (BSM) Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Business Spend Management (BSM) Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Business Spend Management (BSM) Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Business Spend Management (BSM) Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Business Spend Management (BSM) Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Business Spend Management (BSM) Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Business Spend Management (BSM) Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Business Spend Management (BSM) Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Business Spend Management (BSM) Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Business Spend Management (BSM) Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Business Spend Management (BSM) Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Business Spend Management (BSM) Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Business Spend Management (BSM) Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Business Spend Management (BSM) Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Business Spend Management (BSM) Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Business Spend Management (BSM) Software Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Business Spend Management (BSM) Software Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Business Spend Management (BSM) Software Market
TABLE 72. List of primary sources, used in the study of global Business Spend Management (BSM) Software Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Business Spend Management (BSM) Software Market, research methodology
FIG 2. Global Business Spend Management (BSM) Software Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Business Spend Management (BSM) Software Market, key trends 2022
FIG 5. Global Business Spend Management (BSM) Software Market, growth prospects 2023-2030
FIG 6. Global Business Spend Management (BSM) Software Market, porters 5 force model
FIG 7. Global Business Spend Management (BSM) Software Market, pest analysis
FIG 8. Global Business Spend Management (BSM) Software Market, value chain analysis
FIG 9. Global Business Spend Management (BSM) Software Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Business Spend Management (BSM) Software Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Business Spend Management (BSM) Software Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Business Spend Management (BSM) Software Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Business Spend Management (BSM) Software Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Business Spend Management (BSM) Software Market, regional snapshot 2020 & 2030
FIG 15. North America Business Spend Management (BSM) Software Market 2020 & 2030 (USD Billion)
FIG 16. Europe Business Spend Management (BSM) Software Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Business Spend Management (BSM) Software Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Business Spend Management (BSM) Software Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Business Spend Management (BSM) Software Market 2020 & 2030 (USD Billion)