This IDC study provides the latest worldwide market shares of supplier relationship management (SRM) applications vendors for 2006–2008, along with profiles of the top 3 SRM vendors (SAP, Oracle, and Ariba). This study provides the SRM applications market forecast through 2013. Despite the economic downturn, supplier relationship management applications remain attractive to buyers and suppliers eager to leverage the intrinsic value of software tools that allow them to reduce operating costs, manage supplier risks, and sustain process improvement.
"Even though the recession has curtailed purchasing volume around the world, the desire to improve purchasing processes and extend them throughout the organization to create a holistic view has never been stronger,' says Albert Pang, research director of Enterprise Applications at IDC. "As a result, the outlook of the SRM applications market remains positive."