[September 20, 2017]

SpendEdge Releases Procurement Market Research Report for the Global Enterprise Application Market

Global procurement intelligence advisory firm, SpendEdge, has announced the release of their 'Enterprise Application Procurement Market Research Report.' The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix of the IT industry. This report breaks down the data and analysis behind the procurement of enterprise application and acts as an all-inclusive guide for making smart purchasing decisions.

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Global Enterprise Application Procurement Market Intelligence Report (Graphic: Business Wire)

"The need to obtain real-time data insights and to streamline and automate business functions is expected to drive global demand for enterprise applications," says lead SpendEdge procurement analyst Angad Singh. "The supply market is keeping up with the increase in demand for enterprise applications due to the rapid growth in related technologies that aim to improve applications' functionalities and agility," added Angad.

Key Report Features

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Report Highlights

• The enterprise application market is set to showcase a CAGR of 7.6%, driven by the dynamic nature of the business, along with an increase in the need to automate certain business functions to reduce operation cycle times.
• Buyers looking to scale their enterprise applications need to opt for suppliers who provide new technologies that can increase the lifespan and agility of systems.
• Buyers need to evaluate the suppliers' past performance and response times to ensure that any eventual application failures are swiftly dealt with.

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Enterprise Application Pricing Trends

The subscription-based pricing model allows buyers to purchase or subscribe to services of the vendor for a specific period at specified rates, making it the most adopted model among market vendors. Also, the model does not call for huge upfront payments required for buying software since subscription costs are relatively low. Buyers can and faster ROI since fixed costs are converted into variable costs, thereby increasing OPEX (News - Alert) rather than CAPEX.

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About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement market intelligence partner for Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence that helps sourcing and procurement professionals make informed decisions. These innovative procurement solutions help enterprises transform structural capabilities, improve execution efficiency, and fast-track time to savings.

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