U.S., April 15 -- According to research released today by Market Research Future, the global market for procurement software is expected to reach US$9.96bn by 2023, growing at a CAGR of 9.6% from the $5.88bn reported market worth at the close of 2017.
Adoption of procurement software is expected to achieve deeper penetration across various industry verticals, like IT & communications, retail, and automotive. According to the report, the rising inclination being observed towards the adoption of a centralized procurement process is poised to catapult the market on upward trajectory.
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