June 21, 2011 11:08 ET

Procurement & Order Management Applications Market to Grow 9.7% Annually Through 2014

ROCKVILLE, MD--(Marketwire - Jun 21, 2011) - has announced the addition of the new report "Global Procurement and Order Management Applications Market 2010-2014," to their collection of Software & Services market reports. For more information, visit

The global Procurement and Order Management is expected to grow at a CAGR of 9.7 percent. The report, which focuses on the Americas and EMEA indicates that the market is currently driven by green initiatives to reduce carbon footprints. "Reducing carbon footprints and using green technologies are recent but popular trends in the industry.

"Procurement and Order Management Applications cater to this trend by significantly reducing paper work and increasing the efficiency of business processes. They also enhance the collaboration among various business processes and help in data management," reports an analyst. In spite of the need, the need for high capital hinders the growth of this market. However, the increasing need to shorten the supply chain is expected to promote market growth. The global Procurement and Order Management is marked by the emergence of cloud based procurement. This makes the study an important one for companies to fully understand the potential in the market and formulate its own strategy.

The report, Global Procurement and Order Management Applications Market 2010-2014, is based on extensive research from inputs by industry experts, vendors and end-users. It examines the factors -- including the key trends, drivers and challenges, impacting the evolution of this market. Further, it contains an in-depth understanding of the key vendors including their SWOT analysis. Companies mentioned in this report include: SAP AG., Oracle Corporation, Microsoft Corporation and Lawson Software.

For more information, visit

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