Companies Choose SAP to Help with Supply and Demand Volatility
SAP SE today announced that Palace Resorts and Siemens Energy are among the hundreds of companies worldwide to have chosen SAP® Ariba® and SAP Fieldglass® solutions in the third quarter to help digitalize procurement and external workforce management. Hundreds more companies also renewed licenses and went live with solutions from SAP to optimize spend management.
SAP maintains the largest share of the procurement applications software market, according to the recently published “IDC Worldwide Procurement Applications Software Market Shares, 2020: Digital Became the New Normal” report.* IDC estimates that SAP’s market share has grown to 32.8%, maintaining its position of having the largest share of the market — more than the next 11 vendors combined.
IDC Vice President of Enterprise Applications and Digital Commerce Mickey North Rizza said, “SAP clients have told us collectively that they have chosen SAP Ariba solutions for the extensive benchmarking across industries and spend categories and integration with SAP S/4HANA. They also love the guided buying experience in the SAP Ariba solutions. Many others have told us Fieldglass solutions have helped improve their services procurement processes for engagement with consulting firms, marketing agencies, field services, maintenance and business process outsourcing.” According to the report, IDC estimates that the procurement software market has grown 5.4% to $6.2 billion in 2020 alone.
Ongoing shifts and imbalances in supply and demand have led companies across geographies and industries to recognize how critical digitalizing operations is to procuring goods and services and keeping the global economy running.
“Right now, business leaders are recognizing the power of procurement and flexible workforces to help them achieve more than just cost savings,” said Etosha Thurman, Chief Marketing and Solutions Officer, Intelligent Spend and Business Network, SAP. “We believe our market leadership is one of the reasons why they are turning to SAP to help increase agility and reduce risk in a world where supply and demand is volatile, disruption is expected and risk in various forms is more pervasive than ever before.”