Responsible Sourcing Software Market - Forecast (2022 - 2027)
The Global Responsible sourcing software Market size is forecast t o reach $289 million by 2026, growing at a CAGR of 7.9% from 2021 to 2026. The growth of Responsible sourcing software market is attributed to factors such as growing digitization, and growing demand from organisations for planning, budgeting, improving efficiency and others. Moreover, technological advancements such as incorporation of Machine learning , predictive analysis and others give the best possible scenarios based on intelligent algorithms and machine-to-machine analysis of big data sets. This kind of capability could optimize the delivery of goods while balancing supply and demand, and would not require human analysis, but rather action to set the parameters of success. Furthermore, increase in concern for enhancing supply chain management and sustainability, corporate social responsibility (CSR), sustainable development and supply chain ethics further drive forward the Responsible...