The Supply Chain Management Software market in Saudi Arabia is on track to hit $58.31 million by 2029, driven by a strategic partnership between JAGGAER and TForce. This collaboration aims to bolster the country’s digital transformation efforts.
Dubai, UAE: JAGGAER, a leader in procurement and supplier collaboration, has teamed up with Saudi Arabia’s Technology Force (TForce) to enhance digital procurement and supply chain solutions nationwide.
Research by Statista highlights the sector’s growth, projecting the market to reach $45.70 million by 2024, with a 4.99% annual growth rate, culminating in $53.31 million by 2029. A significant trend is the shift towards cloud-based solutions for their scalability and cost-effectiveness.
Hany Mosbeh, JAGGAER’s Senior VP for the Middle East and Africa, noted the increasing demand for streamlined operations in Saudi Arabia. Partnering with TForce, which understands the local market, will help organizations achieve procurement excellence, aligning with Saudi Vision 2030.
The partnership utilizes JAGGAER’s Source-to-Pay platform, offering AI-driven insights for real-time risk management and optimized spending, thus enhancing supply chain resilience.
Muneer AlKubaisi, CEO of TForce, emphasized integrating their expertise with JAGGAER’s capabilities to revolutionize supply chain management, supporting Saudi Arabia’s digital ambitions.
Saudi Arabia, following Vision 2030, is setting new benchmarks in procurement and supply chain innovation, aiming to lead regional digital transformation and economic diversification.
Martin Hayles, Global Senior VP at JAGGAER, highlighted the partnership’s role in driving innovation and providing exceptional value, fostering a more agile procurement landscape.
About JAGGAER: A global leader in procurement solutions, JAGGAER offers AI-powered platforms to automate complex processes, enhancing business outcomes and supplier collaboration.
About TForce: Since 2014, TForce has been a key player in digital transformation, offering cutting-edge solutions in Saudi Arabia and beyond. Their TForce Marketplace streamlines tech acquisition with instant quotations and seamless procurement.