The Latin America, Middle East and Africa Spend Management Platform Market would witness market growth of 16.3% CAGR during the forecast period (2022-2028).
A growing number of supermarkets are taking part in international purchasing agreements. Moreover, organizations such as Amazon and Lidl work on the same system within their businesses. The partnership's primary goal, with more than five members, has historically aimed to bargain discounts based on their massive integrated volumes of various producers' products.
Additionally, small partnerships of two to four retailers, for example, Envergure and EURELEC, have begun the bargain the prices of every single product. A central team should be authorized to collect and analyze trade spending data to generate views on various channels and markets. In addition, the team will help to standardize trade-spend definitions, structure, and procedure.
The trade team will also be charged for distributing funds to various channels and markets based on their strategic goals. Moreover, it will also provide parameters that include the highest prices for the local groups while bargaining with local consumers. The local groups will negotiate with local sellers, whereas the central team will get enhanced responsibilities for handling international consumers and purchasing units.
UAE, considered a significant point for international trade & business in the region, is facing competition. The different governments take numerous initiatives in the LAMEA region to provide a competitive knowledge economy and a globally open and effective integrated business environment to minimize reliance on oil revenue and the expansion of the private sector. The UAE government is taking various steps to encourage the knowledge economy's growth.
The Brazil market dominated the LAMEA Spend Management Platform Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $648.6 million by 2028. The Argentina market is experiencing a CAGR of 16.9% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 16% during (2022 - 2028).
Based on Deployment, the market is segmented into Cloud and On-premise. Based on Enterprise, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Application, the market is segmented into Manufacturing, Consumer Goods, Retail, Healthcare & Pharmaceutical and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Spend Management Platform Market is Predict to reach $29.4 Billion by 2028, at a CAGR of 10.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Coupa Software Inc., SAP SE, The Sage Group PLC, SutiSoft, Inc., NB Ventures, Inc. (Global eProcure), Proactis Holdings Limited (Café Bidco Limited), VA Tech Ventures Pvt Ltd (Happay)(Cred), Sievo Oy, Expensify, Inc., and Procurify Technologies, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Deployment
By Enterprise
- Large Enterprises
- Small & Medium Enterprises
By Application
- Manufacturing
- Consumer Goods
- Retail
- Healthcare & Pharmaceutical
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Coupa Software Inc.
- SAP SE
- The Sage Group PLC
- SutiSoft, Inc.
- NB Ventures, Inc. (Global eProcure)
- Proactis Holdings Limited (Café Bidco Limited)
- VA Tech Ventures Pvt Ltd (Happay)(Cred)
- Sievo Oy
- Expensify, Inc.
- Procurify Technologies, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Spend Management Platform Market, by Deployment
1.4.2 LAMEA Spend Management Platform Market, by Enterprise
1.4.3 LAMEA Spend Management Platform Market, by Application
1.4.4 LAMEA Spend Management Platform Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Recent Strategies Deployed in Spend Management Platform Market
Chapter 4. LAMEA Spend Management Platform Market by Deployment
4.1 LAMEA Cloud Market by Country
4.2 LAMEA On-premise Market by Country
Chapter 5. LAMEA Spend Management Platform Market by Enterprise
5.1 LAMEA Large Enterprises Market by Country
5.2 LAMEA Small & Medium Enterprises Market by Country
Chapter 6. LAMEA Spend Management Platform Market by Application
6.1 LAMEA Manufacturing Market by Country
6.2 LAMEA Consumer Goods Market by Country
6.3 LAMEA Retail Market by Country
6.4 LAMEA Healthcare & Pharmaceutical Market by Country
6.5 LAMEA Others Market by Country
Chapter 7. LAMEA Spend Management Platform Market by Country
7.1 Brazil Spend Management Platform Market
7.1.1 Brazil Spend Management Platform Market by Deployment
7.1.2 Brazil Spend Management Platform Market by Enterprise
7.1.3 Brazil Spend Management Platform Market by Application
7.2 Argentina Spend Management Platform Market
7.2.1 Argentina Spend Management Platform Market by Deployment
7.2.2 Argentina Spend Management Platform Market by Enterprise
7.2.3 Argentina Spend Management Platform Market by Application
7.3 UAE Spend Management Platform Market
7.3.1 UAE Spend Management Platform Market by Deployment
7.3.2 UAE Spend Management Platform Market by Enterprise
7.3.3 UAE Spend Management Platform Market by Application
7.4 Saudi Arabia Spend Management Platform Market
7.4.1 Saudi Arabia Spend Management Platform Market by Deployment
7.4.2 Saudi Arabia Spend Management Platform Market by Enterprise
7.4.3 Saudi Arabia Spend Management Platform Market by Application
7.5 South Africa Spend Management Platform Market
7.5.1 South Africa Spend Management Platform Market by Deployment
7.5.2 South Africa Spend Management Platform Market by Enterprise
7.5.3 South Africa Spend Management Platform Market by Application
7.6 Nigeria Spend Management Platform Market
7.6.1 Nigeria Spend Management Platform Market by Deployment
7.6.2 Nigeria Spend Management Platform Market by Enterprise
7.6.3 Nigeria Spend Management Platform Market by Application
7.7 Rest of LAMEA Spend Management Platform Market
7.7.1 Rest of LAMEA Spend Management Platform Market by Deployment
7.7.2 Rest of LAMEA Spend Management Platform Market by Enterprise
7.7.3 Rest of LAMEA Spend Management Platform Market by Application
Chapter 8. Company Profiles
8.1 SAP SE
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Coupa Software, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional & Segmental Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Acquisition and Mergers:
8.2.5.3 Geographical Expansions:
8.3 The Sage Group plc
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Acquisitions and Mergers:
8.4 Expensify, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.5 Proactis Holdings Limited (Café Bidco Limited)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional & Segmental Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.6 NB Ventures, Inc. (Global eProcure)
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Geographical Expansions:
8.7 VA Tech Ventures Pvt. Ltd. (Happay) (Dreamplug Technologies Private Limited)
8.7.1 Company Overview
8.8 Sievo Oy
8.8.1 Company Overview
8.9 Procurify Technologies, Inc.
8.9.1 Company Overview
8.10. SutiSoft Inc.
8.10.1 Company Overview
TABLE 1 LAMEA Spend Management Platform Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Spend Management Platform Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Spend Management Platform Market by Deployment, 2018 - 2021, USD Million
TABLE 4 LAMEA Spend Management Platform Market by Deployment, 2022 - 2028, USD Million
TABLE 5 LAMEA Cloud Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Cloud Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA On-premise Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA On-premise Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Spend Management Platform Market by Enterprise, 2018 - 2021, USD Million
TABLE 10 LAMEA Spend Management Platform Market by Enterprise, 2022 - 2028, USD Million
TABLE 11 LAMEA Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Small & Medium Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Small & Medium Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Spend Management Platform Market by Application, 2018 - 2021, USD Million
TABLE 16 LAMEA Spend Management Platform Market by Application, 2022 - 2028, USD Million
TABLE 17 LAMEA Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Consumer Goods Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Consumer Goods Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Retail Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Retail Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Healthcare & Pharmaceutical Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Healthcare & Pharmaceutical Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Spend Management Platform Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Spend Management Platform Market by Country, 2022 - 2028, USD Million
TABLE 29 Brazil Spend Management Platform Market, 2018 - 2021, USD Million
TABLE 30 Brazil Spend Management Platform Market, 2022 - 2028, USD Million
TABLE 31 Brazil Spend Management Platform Market by Deployment, 2018 - 2021, USD Million
TABLE 32 Brazil Spend Management Platform Market by Deployment, 2022 - 2028, USD Million
TABLE 33 Brazil Spend Management Platform Market by Enterprise, 2018 - 2021, USD Million
TABLE 34 Brazil Spend Management Platform Market by Enterprise, 2022 - 2028, USD Million
TABLE 35 Brazil Spend Management Platform Market by Application, 2018 - 2021, USD Million
TABLE 36 Brazil Spend Management Platform Market by Application, 2022 - 2028, USD Million
TABLE 37 Argentina Spend Management Platform Market, 2018 - 2021, USD Million
TABLE 38 Argentina Spend Management Platform Market, 2022 - 2028, USD Million
TABLE 39 Argentina Spend Management Platform Market by Deployment, 2018 - 2021, USD Million
TABLE 40 Argentina Spend Management Platform Market by Deployment, 2022 - 2028, USD Million
TABLE 41 Argentina Spend Management Platform Market by Enterprise, 2018 - 2021, USD Million
TABLE 42 Argentina Spend Management Platform Market by Enterprise, 2022 - 2028, USD Million
TABLE 43 Argentina Spend Management Platform Market by Application, 2018 - 2021, USD Million
TABLE 44 Argentina Spend Management Platform Market by Application, 2022 - 2028, USD Million
TABLE 45 UAE Spend Management Platform Market, 2018 - 2021, USD Million
TABLE 46 UAE Spend Management Platform Market, 2022 - 2028, USD Million
TABLE 47 UAE Spend Management Platform Market by Deployment, 2018 - 2021, USD Million
TABLE 48 UAE Spend Management Platform Market by Deployment, 2022 - 2028, USD Million
TABLE 49 UAE Spend Management Platform Market by Enterprise, 2018 - 2021, USD Million
TABLE 50 UAE Spend Management Platform Market by Enterprise, 2022 - 2028, USD Million
TABLE 51 UAE Spend Management Platform Market by Application, 2018 - 2021, USD Million
TABLE 52 UAE Spend Management Platform Market by Application, 2022 - 2028, USD Million
TABLE 53 Saudi Arabia Spend Management Platform Market, 2018 - 2021, USD Million
TABLE 54 Saudi Arabia Spend Management Platform Market, 2022 - 2028, USD Million
TABLE 55 Saudi Arabia Spend Management Platform Market by Deployment, 2018 - 2021, USD Million
TABLE 56 Saudi Arabia Spend Management Platform Market by Deployment, 2022 - 2028, USD Million
TABLE 57 Saudi Arabia Spend Management Platform Market by Enterprise, 2018 - 2021, USD Million
TABLE 58 Saudi Arabia Spend Management Platform Market by Enterprise, 2022 - 2028, USD Million
TABLE 59 Saudi Arabia Spend Management Platform Market by Application, 2018 - 2021, USD Million
TABLE 60 Saudi Arabia Spend Management Platform Market by Application, 2022 - 2028, USD Million
TABLE 61 South Africa Spend Management Platform Market, 2018 - 2021, USD Million
TABLE 62 South Africa Spend Management Platform Market, 2022 - 2028, USD Million
TABLE 63 South Africa Spend Management Platform Market by Deployment, 2018 - 2021, USD Million
TABLE 64 South Africa Spend Management Platform Market by Deployment, 2022 - 2028, USD Million
TABLE 65 South Africa Spend Management Platform Market by Enterprise, 2018 - 2021, USD Million
TABLE 66 South Africa Spend Management Platform Market by Enterprise, 2022 - 2028, USD Million
TABLE 67 South Africa Spend Management Platform Market by Application, 2018 - 2021, USD Million
TABLE 68 South Africa Spend Management Platform Market by Application, 2022 - 2028, USD Million
TABLE 69 Nigeria Spend Management Platform Market, 2018 - 2021, USD Million
TABLE 70 Nigeria Spend Management Platform Market, 2022 - 2028, USD Million
TABLE 71 Nigeria Spend Management Platform Market by Deployment, 2018 - 2021, USD Million
TABLE 72 Nigeria Spend Management Platform Market by Deployment, 2022 - 2028, USD Million
TABLE 73 Nigeria Spend Management Platform Market by Enterprise, 2018 - 2021, USD Million
TABLE 74 Nigeria Spend Management Platform Market by Enterprise, 2022 - 2028, USD Million
TABLE 75 Nigeria Spend Management Platform Market by Application, 2018 - 2021, USD Million
TABLE 76 Nigeria Spend Management Platform Market by Application, 2022 - 2028, USD Million
TABLE 77 Rest of LAMEA Spend Management Platform Market, 2018 - 2021, USD Million
TABLE 78 Rest of LAMEA Spend Management Platform Market, 2022 - 2028, USD Million
TABLE 79 Rest of LAMEA Spend Management Platform Market by Deployment, 2018 - 2021, USD Million
TABLE 80 Rest of LAMEA Spend Management Platform Market by Deployment, 2022 - 2028, USD Million
TABLE 81 Rest of LAMEA Spend Management Platform Market by Enterprise, 2018 - 2021, USD Million
TABLE 82 Rest of LAMEA Spend Management Platform Market by Enterprise, 2022 - 2028, USD Million
TABLE 83 Rest of LAMEA Spend Management Platform Market by Application, 2018 - 2021, USD Million
TABLE 84 Rest of LAMEA Spend Management Platform Market by Application, 2022 - 2028, USD Million
TABLE 85 Key Information – SAP SE
TABLE 86 Key information – Coupa Software, Inc.
TABLE 87 Key Information – The Sage Group plc
TABLE 88 Key Information – expensify, inc.
TABLE 89 Key information – Proactis Holdings Limited
TABLE 90 key information – NB Ventures, Inc.
TABLE 91 Key Information –VA Tech Ventures Pvt. Ltd.
TABLE 92 Key Information – Sievo oy
TABLE 93 Key Information – Procurify Technologies, Inc.
TABLE 94 Key Information – SutiSoft Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: SAP SE
FIG 3 Recent strategies and developments: Coupa Software, Inc.