The North America Spend Management Platform Market would witness market growth of 8.8% CAGR during the forecast period (2022-2028).
For the records, purchasing companies strive for a detailed understanding of their expenses. It provides enhanced transparency and enlarges spending clarity and expense under management; the knowledge and track of spending help the enterprise increase the company's value. The future broadcast and precision of such forecasts directly affect the planning, assuming future profitability, and financial budgeting.
Moreover, with economic growth, spend management supports supply risk management, environmental considerations, social responsibility, and legal compliance. The digital spend management software market is flooded with vendors who offer a one-stop shop. This source-to-pay offering is also a "full suite" solution for software procurement.
However, many substitute solutions are available, such as source-to-contract suites up until contract signing, covering strategic sourcing efforts along with purchase-to-pay suites, including buying orders, automation, and invoice confirmation. For example, workers spend management equipment is utilized for claiming, submitting, and charting travel charges.
Due to the booming domestic technology industry in Canada, the growth of the spend management platform is increasing. Many businesses exist in the Canadian information and communications technology (ICT) sector. Canada had one of the solid digital transitions before the coronavirus impact; with the new joining of the new employee, the organization aimed to develop and integrate the latest technologies in the system.
The US market dominated the North America Spend Management Platform Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $7,391.9 million by 2028. The Canada market is poised to grow at a CAGR of 10.9% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 10.6% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Spend Management Platform Market, by Deployment
1.4.2 North America Spend Management Platform Market, by Enterprise
1.4.3 North America Spend Management Platform Market, by Application
1.4.4 North America 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. North America Spend Management Platform Market by Deployment
4.1 North America Cloud Market by Country
4.2 North America On-premise Market by Country
Chapter 5. North America Spend Management Platform Market by Enterprise
5.1 North America Large Enterprises Market by Country
5.2 North America Small & Medium Enterprises Market by Country
Chapter 6. North America Spend Management Platform Market by Application
6.1 North America Manufacturing Market by Country
6.2 North America Consumer Goods Market by Country
6.3 North America Retail Market by Country
6.4 North America Healthcare & Pharmaceutical Market by Country
6.5 North America Others Market by Country
Chapter 7. North America Spend Management Platform Market by Country
7.1 US Spend Management Platform Market
7.1.1 US Spend Management Platform Market by Deployment
7.1.2 US Spend Management Platform Market by Enterprise
7.1.3 US Spend Management Platform Market by Application
7.2 Canada Spend Management Platform Market
7.2.1 Canada Spend Management Platform Market by Deployment
7.2.2 Canada Spend Management Platform Market by Enterprise
7.2.3 Canada Spend Management Platform Market by Application
7.3 Mexico Spend Management Platform Market
7.3.1 Mexico Spend Management Platform Market by Deployment
7.3.2 Mexico Spend Management Platform Market by Enterprise
7.3.3 Mexico Spend Management Platform Market by Application
7.4 Rest of North America Spend Management Platform Market
7.4.1 Rest of North America Spend Management Platform Market by Deployment
7.4.2 Rest of North America Spend Management Platform Market by Enterprise
7.4.3 Rest of North America 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 North America Spend Management Platform Market, 2018 - 2021, USD Million
TABLE 2 North America Spend Management Platform Market, 2022 - 2028, USD Million
TABLE 3 North America Spend Management Platform Market by Deployment, 2018 - 2021, USD Million
TABLE 4 North America Spend Management Platform Market by Deployment, 2022 - 2028, USD Million
TABLE 5 North America Cloud Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Cloud Market by Country, 2022 - 2028, USD Million
TABLE 7 North America On-premise Market by Country, 2018 - 2021, USD Million
TABLE 8 North America On-premise Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Spend Management Platform Market by Enterprise, 2018 - 2021, USD Million
TABLE 10 North America Spend Management Platform Market by Enterprise, 2022 - 2028, USD Million
TABLE 11 North America Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Small & Medium Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Small & Medium Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Spend Management Platform Market by Application, 2018 - 2021, USD Million
TABLE 16 North America Spend Management Platform Market by Application, 2022 - 2028, USD Million
TABLE 17 North America Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Consumer Goods Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Consumer Goods Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Retail Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Retail Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Healthcare & Pharmaceutical Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Healthcare & Pharmaceutical Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Spend Management Platform Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Spend Management Platform Market by Country, 2022 - 2028, USD Million
TABLE 29 US Spend Management Platform Market, 2018 - 2021, USD Million
TABLE 30 US Spend Management Platform Market, 2022 - 2028, USD Million
TABLE 31 US Spend Management Platform Market by Deployment, 2018 - 2021, USD Million
TABLE 32 US Spend Management Platform Market by Deployment, 2022 - 2028, USD Million
TABLE 33 US Spend Management Platform Market by Enterprise, 2018 - 2021, USD Million
TABLE 34 US Spend Management Platform Market by Enterprise, 2022 - 2028, USD Million
TABLE 35 US Spend Management Platform Market by Application, 2018 - 2021, USD Million
TABLE 36 US Spend Management Platform Market by Application, 2022 - 2028, USD Million
TABLE 37 Canada Spend Management Platform Market, 2018 - 2021, USD Million
TABLE 38 Canada Spend Management Platform Market, 2022 - 2028, USD Million
TABLE 39 Canada Spend Management Platform Market by Deployment, 2018 - 2021, USD Million
TABLE 40 Canada Spend Management Platform Market by Deployment, 2022 - 2028, USD Million
TABLE 41 Canada Spend Management Platform Market by Enterprise, 2018 - 2021, USD Million
TABLE 42 Canada Spend Management Platform Market by Enterprise, 2022 - 2028, USD Million
TABLE 43 Canada Spend Management Platform Market by Application, 2018 - 2021, USD Million
TABLE 44 Canada Spend Management Platform Market by Application, 2022 - 2028, USD Million
TABLE 45 Mexico Spend Management Platform Market, 2018 - 2021, USD Million
TABLE 46 Mexico Spend Management Platform Market, 2022 - 2028, USD Million
TABLE 47 Mexico Spend Management Platform Market by Deployment, 2018 - 2021, USD Million
TABLE 48 Mexico Spend Management Platform Market by Deployment, 2022 - 2028, USD Million
TABLE 49 Mexico Spend Management Platform Market by Enterprise, 2018 - 2021, USD Million
TABLE 50 Mexico Spend Management Platform Market by Enterprise, 2022 - 2028, USD Million
TABLE 51 Mexico Spend Management Platform Market by Application, 2018 - 2021, USD Million
TABLE 52 Mexico Spend Management Platform Market by Application, 2022 - 2028, USD Million
TABLE 53 Rest of North America Spend Management Platform Market, 2018 - 2021, USD Million
TABLE 54 Rest of North America Spend Management Platform Market, 2022 - 2028, USD Million
TABLE 55 Rest of North America Spend Management Platform Market by Deployment, 2018 - 2021, USD Million
TABLE 56 Rest of North America Spend Management Platform Market by Deployment, 2022 - 2028, USD Million
TABLE 57 Rest of North America Spend Management Platform Market by Enterprise, 2018 - 2021, USD Million
TABLE 58 Rest of North America Spend Management Platform Market by Enterprise, 2022 - 2028, USD Million
TABLE 59 Rest of North America Spend Management Platform Market by Application, 2018 - 2021, USD Million
TABLE 60 Rest of North America Spend Management Platform Market by Application, 2022 - 2028, USD Million
TABLE 61 Key Information – SAP SE
TABLE 62 Key information – Coupa Software, Inc.
TABLE 63 Key Information – The Sage Group plc
TABLE 64 Key Information – expensify, inc.
TABLE 65 Key information – Proactis Holdings Limited
TABLE 66 key information – NB Ventures, Inc.
TABLE 67 Key Information –VA Tech Ventures Pvt. Ltd.
TABLE 68 Key Information – Sievo oy
TABLE 69 Key Information – Procurify Technologies, Inc.
TABLE 70 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.