Procurement Software Market Size, Share, Analysis, Trends, Growth, 2032
Procurement Software Market - By Software Type (E-Sourcing, Supplier Management, Spend Analysis, Contract Management, E-Procurement, And Others), By Deployment (On-Premise And Cloud), By Vertical (Automotive, Retail, Electronics, Travel & Logistics, Mining, And IT & Telecommunication), By Organization Size (Large Enterprise And Small & Medium Enterprise), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 - 2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 7.26 Billion | USD 18.36 Billion | 10.86% | 2023 |
Table Of Content
- Chapter 1. Preface
- 1.1. Report Description and Scope
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology
- Chapter 2. Executive Summary
- 2.1. Procurement Software Market, 2016–2026 (USD Million)
- 2.2. Procurement Software Market: Snapshot
- Chapter 3. Global Procurement Software Market– Industry Analysis
- 3.1. Procurement Software Market: Market Dynamics
- 3.2. Market Drivers
- 3.2.1. Centralizing of procurement procedures will ensure the proficiency of the office operations and this will foster the industry growth over the years ahead.
- 3.2.2. Integration of AI, BI, and machine learning touls with software is poised to unravel new growth avenues for the procurement software market over the forthcoming years.
- 3.3. Porter’s Five Forces Analysis
- 3.4. Market Attractiveness Analysis
- 3.4.1. Market attractiveness analysis By Deployment
- 3.4.2. Market attractiveness analysis By Software Type
- 3.4.3. Market attractiveness analysis By Organization Size
- 3.4.4. Market attractiveness analysis By Vertical
- Chapter 4. Global Procurement Software Market– Competitive Landscape
- 4.1. Company market share analysis
- 4.1.1. Global Procurement Software Market: company market share, 2018
- 4.2. Strategic development
- 4.2.1. Acquisitions & mergers
- 4.2.2. New Product launches
- 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4. Research and development and Regional expansion
- 4.3. Price trend analysis
- 4.1. Company market share analysis
- Chapter 5. Global Procurement Software Market– Deployment Analysis
- 5.1. Global Procurement Software Market overview: By Deployment
- 5.1.1. Global Procurement Software Market share, By Deployment, 2019 and 2026
- 5.2. On-Premise
- 5.2.1. Global Procurement Software Market By On-Premise, 2016–2026 (USD Million)
- 5.3. Cloud
- 5.3.1. Global Procurement Software Market By Cloud, 2016–2026 (USD Million)
- 5.1. Global Procurement Software Market overview: By Deployment
- Chapter 6. Global Procurement Software Market– Software Type Analysis
- 6.1. Global Procurement Software Market overview: By Software Type
- 6.1.1. Global Procurement Software Market share, By Software Type , 2019 and 2026
- 6.2. E-Sourcing
- 6.2.1. Global Procurement Software Market By E-Sourcing, 2016–2026 (USD Million)
- 6.3. Supplier Management
- 6.3.1. Global Procurement Software Market By Supplier Management, 2016–2026 (USD Million)
- 6.4. Spend Analysis
- 6.4.1. Global Procurement Software Market By Spend Analysis, 2016–2026 (USD Million)
- 6.5. Contract Management
- 6.5.1. Global Procurement Software Market By Contract Management, 2016–2026 (USD Million)
- 6.6. E-Procurement
- 6.6.1. Global Procurement Software Market By E-Procurement, 2016–2026 (USD Million)
- 6.7. Others
- 6.7.1. Global Procurement Software Market By Others, 2016–2026 (USD Million)
- 6.1. Global Procurement Software Market overview: By Software Type
- Chapter 7. Global Procurement Software Market– Vertical Analysis
- 7.1. Global Procurement Software Market overview: By Vertical
- 7.1.1. Global Procurement Software Market share, By Vertical, 2019 and 2026
- 7.2. Automotive
- 7.2.1. Global Procurement Software Market By Automotive, 2016–2026 (USD Million)
- 7.3. Retail
- 7.3.1. Global Procurement Software Market By Retail, 2016–2026 (USD Million)
- 7.4. Electronics
- 7.4.1. Global Procurement Software Market By Electronics, 2016–2026 (USD Million)
- 7.5. Travel & Logistics
- 7.5.1. Global Procurement Software Market By Travel & Logistics, 2016–2026 (USD Million)
- 7.6. Mining
- 7.6.1. Global Procurement Software Market By Mining, 2016–2026 (USD Million)
- 7.7. IT & Telecommunication
- 7.7.1. Global Procurement Software Market By IT & Telecommunication, 2016–2026 (USD Million)
- 7.1. Global Procurement Software Market overview: By Vertical
- Chapter 8. Global Procurement Software Market– Organization Size Analysis
- 8.1. Global Procurement Software Market overview: By Organization Size
- 8.1.1. Global Procurement Software Market share, By Organization Size, 2019 and 2026
- 8.2. Large Enterprise
- 8.2.1. Global Procurement Software Market By Large Enterprise, 2016–2026 (USD Million)
- 8.3. Small & Medium Enterprise
- 8.3.1. Global Procurement Software Market By Small & Medium Enterprise, 2016–2026 (USD Million)
- 8.1. Global Procurement Software Market overview: By Organization Size
- Chapter 9. Company Profiles
- 9.1. IBM Corporation
- 9.1.1. Overview
- 9.1.2. Financials
- 9.1.3. Product Portfolio
- 9.1.4. Business Strategy
- 9.1.5. Recent Developments
- 9.2. Oracle
- 9.2.1. Overview
- 9.2.2. Financials
- 9.2.3. Product Portfolio
- 9.2.4. Business Strategy
- 9.2.5. Recent Developments
- 9.3. Epicor Software Corporation
- 9.3.1. Overview
- 9.3.2. Financials
- 9.3.3. Product Portfolio
- 9.3.4. Business Strategy
- 9.3.5. Recent Developments
- 9.4. Coupa Software Inc.
- 9.4.1. Overview
- 9.4.2. Financials
- 9.4.3. Product Portfolio
- 9.4.4. Business Strategy
- 9.4.5. Recent Developments
- 9.5. Mercateo
- 9.5.1. Overview
- 9.5.2. Financials
- 9.5.3. Product Portfolio
- 9.5.4. Business Strategy
- 9.5.5. Recent Development
- 9.6. JDA Software Inc.
- 9.6.1. Overview
- 9.6.2. Financials
- 9.6.3. Product Portfolio
- 9.6.4. Business Strategy
- 9.6.5. Recent Development
- 9.7. Zycus Inc.
- 9.7.1. Overview
- 9.7.2. Financials
- 9.7.3. Product Portfolio
- 9.7.4. Business Strategy
- 9.7.5. Recent Development
- 9.8. SAP SE
- 9.8.1. Overview
- 9.8.2. Financials
- 9.8.3. Product Portfolio
- 9.8.4. Business Strategy
- 9.8.5. Recent Development
- 9.9. Tungsten Corporation plc
- 9.9.1. Overview
- 9.9.2. Financials
- 9.9.3. Product Portfolio
- 9.9.4. Business Strategy
- 9.9.5. Recent Development
- 9.10. Infor
- 9.10.1. Overview
- 9.10.2. Financials
- 9.10.3. Product Portfolio
- 9.10.4. Business Strategy
- 9.10.5. Recent Development
- 9.11. Ivalua Inc.
- 9.11.1. Overview
- 9.11.2. Financials
- 9.11.3. Product Portfolio
- 9.11.4. Business Strategy
- 9.11.5. Recent Development
- 9.12. OpusCapita Sulutions Oy
- 9.12.1. Overview
- 9.12.2. Financials
- 9.12.3. Product Portfolio
- 9.12.4. Business Strategy
- 9.12.5. Recent Development
- 9.13. Proactis Huldings Plc
- 9.13.1. Overview
- 9.13.2. Financials
- 9.13.3. Product Portfolio
- 9.13.4. Business Strategy
- 9.13.5. Recent Development
- 9.14. Epicor Software Corporation
- 9.14.1. Overview
- 9.14.2. Financials
- 9.14.3. Product Portfolio
- 9.14.4. Business Strategy
- 9.14.5. Recent Development
- 9.15. JAGGAER
- 9.15.1. Overview
- 9.15.2. Financials
- 9.15.3. Product Portfolio
- 9.15.4. Business Strategy
- 9.15.5. Recent Development
- 9.16. Basware
- 9.16.1. Overview
- 9.16.2. Financials
- 9.16.3. Product Portfolio
- 9.16.4. Business Strategy
- 9.16.5. Recent Development
- 9.17. Tradeshift
- 9.17.1. Overview
- 9.17.2. Financials
- 9.17.3. Product Portfolio
- 9.17.4. Business Strategy
- 9.17.5. Recent Development
- 9.18. BuyerQuest Huldings Inc.
- 9.18.1. Overview
- 9.18.2. Financials
- 9.18.3. Product Portfolio
- 9.18.4. Business Strategy
- 9.18.5. Recent Development
- 9.1. IBM Corporation
Table Of Figures
List of Figures
1. Market research process
2. Market research methodology
3. Global Procurement Software Market, 2016–2026 (USD Million)
4. Porter’s Five Forces Analysis
5. Global Procurement Software Market attractiveness, By Deployment
6. Global Procurement Software Market attractiveness, By Software Type
7. Global Procurement Software Market attractiveness, By Organization Size
8. Global Procurement Software Market attractiveness, By Vertical
9. Global Procurement Software Market Share by Deployment,2019 and 2026 (USD Million)
10. Global Procurement Software Market by On-Premise,2016–2026 (USD Million)
11. Global Procurement Software Market by Cloud ,2016–2026 (USD Million)
12. Global Procurement Software Market Share By Software Type ,2019 and 2026 (USD Million)
13. Global Procurement Software Market by E-Sourcing,2016–2026 (USD Million)
14. Global Procurement Software Market, By Supplier Management, 2016–2026 (USD Million)
15. Global Procurement Software Market, By Spend Analysis, 2016–2026 (USD Million)
16. Global Procurement Software Market, By Contract Management, 2016–2026 (USD Million)
17. Global Procurement Software Market, By E-Procurement, 2016–2026 (USD Million)
18. Global Procurement Software Market, By Others, 2016–2026 (USD Million)
19. Global Procurement Software Market Share By Vertical ,2019 and 2026 (USD Million)
20. Global Procurement Software Market by Automotive,2016–2026 (USD Million)
21. Global Procurement Software Market, By Retail, 2016–2026 (USD Million)
22. Global Procurement Software Market, By Electronics, 2016–2026 (USD Million)
23. Global Procurement Software Market, By Travel & Logistics, 2016–2026 (USD Million)
24. Global Procurement Software Market, By Mining, 2016–2026 (USD Million)
25. Global Procurement Software Market, By IT & Telecommunication, 2016–2026 (USD Million)
26. Global Procurement Software Market Share By Organization Size ,2019 and 2026 (USD Million)
27. Global Procurement Software Market by Large Enterprise,2016–2026 (USD Million)
28. Global Procurement Software Market, By Small & Medium Enterprise, 2016–2026 (USD Million)
29. Global Procurement Software Market share, by Region, 2019 and 2026
30. North America Procurement Software Market, 2016–2026 (USD Million)
31. Europe Procurement Software Market, 2016–2026 (USD Million)
32. Asia Pacific Procurement Software Market, 2016–2026 (USD Million)
33. Latin America Procurement Software Market, 2016–2026 (USD Million)
34. The Middle East and Africa Procurement Software Market, 2016–2026 (USD Million)
Table Of Tables
List of Tables
1. Global Procurement Software Market: snapshot
2. Drivers of the Procurement Software Market: impact analysis
3. North America Procurement Software Market revenue, By Deployment, 2016–2026 (USD Million)
4. North America Procurement Software Market revenue, By Software Type , 2016–2026 (USD Million)
5. North America Procurement Software Market revenue, By Organization Size, 2016–2026 (USD Million)
6. North America Procurement Software Market revenue, By Vertical, 2016–2026 (USD Million)
7. The U.S. Procurement Software Market revenue, By Deployment, 2016–2026 (USD Million)
8. The U.S. Procurement Software Market revenue, By Software Type , 2016–2026 (USD Million)
9. The U.S. Procurement Software Market revenue, By Organization Size, 2016–2026 (USD Million)
10. The U.S. Procurement Software Market revenue, By Vertical, 2016–2026 (USD Million)
11. Rest of North America Procurement Software Market revenue, By Deployment, 2016–2026 (USD Million)
12. Rest of North America Procurement Software Market revenue, By Software Type , 2016–2026 (USD Million)
13. Rest of North America Procurement Software Market revenue, By Organization Size, 2016–2026 (USD Million)
14. Rest of North America Procurement Software Market revenue, By Vertical, 2016–2026 (USD Million)
15. Europe Procurement Software Market revenue, By Deployment, 2016–2026 (USD Million)
16. Europe Procurement Software Market revenue, By Software Type , 2016–2026 (USD Million)
17. Europe Procurement Software Market revenue, By Organization Size, 2016–2026 (USD Million)
18. Europe Procurement Software Market revenue, By Vertical, 2016–2026 (USD Million)
19. UK Procurement Software Market revenue, By Deployment, 2016–2026 (USD Million)
20. UK Procurement Software Market revenue, By Software Type , 2016–2026 (USD Million)
21. UK Procurement Software Market revenue, By Organization Size, 2016–2026 (USD Million)
22. UK Procurement Software Market revenue, By Vertical, 2016–2026 (USD Million)
23. France Procurement Software Market revenue, By Deployment, 2016–2026 (USD Million)
24. France Procurement Software Market revenue, By Software Type , 2016–2026 (USD Million)
25. France Procurement Software Market revenue, By Organization Size, 2016–2026 (USD Million)
26. France Procurement Software Market revenue, By Vertical, 2016–2026 (USD Million)
27. Germany Procurement Software Market revenue, By Deployment, 2016–2026 (USD Million)
28. Germany Procurement Software Market revenue, By Software Type , 2016–2026 (USD Million)
29. Germany Procurement Software Market revenue, By Organization Size, 2016–2026 (USD Million)
30. Germany Procurement Software Market revenue, By Vertical, 2016–2026 (USD Million)
31. Rest of Europe Procurement Software Market revenue, By Deployment, 2016–2026 (USD Million)
32. Rest of Europe Procurement Software Market revenue, By Software Type , 2016–2026 (USD Million)
33. Rest of Europe Procurement Software Market revenue, By Organization Size, 2016–2026 (USD Million)
34. Rest of Europe Procurement Software Market revenue, By Vertical, 2016–2026 (USD Million)
35. Asia Pacific Procurement Software Market revenue, By Deployment, 2016–2026 (USD Million)
36. Asia Pacific Procurement Software Market revenue, By Software Type , 2016–2026 (USD Million)
37. Asia Pacific Procurement Software Market revenue, By Organization Size, 2016–2026 (USD Million)
38. Asia Pacific Procurement Software Market revenue, By Vertical, 2016–2026 (USD Million)
39. China Procurement Software Market revenue, By Deployment, 2016–2026 (USD Million)
40. China Procurement Software Market revenue, By Software Type , 2016–2026 (USD Million)
41. China Procurement Software Market revenue, By Organization Size, 2016–2026 (USD Million)
42. China Procurement Software Market revenue, By Vertical, 2016–2026 (USD Million)
43. Japan Procurement Software Market revenue, By Deployment, 2016–2026 (USD Million)
44. Japan Procurement Software Market revenue, By Software Type , 2016–2026 (USD Million)
45. Japan Procurement Software Market revenue, By Organization Size, 2016–2026 (USD Million)
46. Japan Procurement Software Market revenue, By Vertical, 2016–2026 (USD Million)
47. India Procurement Software Market revenue, By Deployment, 2016–2026 (USD Million)
48. India Procurement Software Market revenue, By Software Type , 2016–2026 (USD Million)
49. India Procurement Software Market revenue, By Organization Size, 2016–2026 (USD Million)
50. India Procurement Software Market revenue, By Vertical, 2016–2026 (USD Million)
51. Rest of Asia Pacific Procurement Software Market revenue, By Deployment, 2016–2026 (USD Million)
52. Rest of Asia Pacific Procurement Software Market revenue, By Software Type , 2016–2026 (USD Million)
53. Rest of Asia Pacific Procurement Software Market revenue, By Organization Size, 2016–2026 (USD Million)
54. Rest of Asia Pacific Procurement Software Market revenue, By Vertical, 2016–2026 (USD Million)
55. Latin America Procurement Software Market revenue, By Deployment, 2016–2026 (USD Million)
56. Latin America Procurement Software Market revenue, By Software Type , 2016–2026 (USD Million)
57. Latin America Procurement Software Market revenue, By Organization Size, 2016–2026 (USD Million)
58. Latin America Procurement Software Market revenue, By Vertical, 2016–2026 (USD Million)
59. Brazil Procurement Software Market revenue, By Deployment, 2016–2026 (USD Million)
60. Brazil Procurement Software Market revenue, By Software Type , 2016–2026 (USD Million)
61. Brazil Procurement Software Market revenue, By Organization Size, 2016–2026 (USD Million)
62. Brazil Procurement Software Market revenue, By Vertical, 2016–2026 (USD Million)
63. Rest of Latin America Procurement Software Market revenue, By Deployment, 2016–2026 (USD Million)
64. Rest of Latin America Procurement Software Market revenue, By Software Type , 2016–2026 (USD Million)
65. Rest of Latin America Procurement Software Market revenue, By Organization Size, 2016–2026 (USD Million)
66. Rest of Latin America Procurement Software Market revenue, By Vertical, 2016–2026 (USD Million)
67. The Middle East and Africa Procurement Software Market revenue, By Deployment, 2016–2026 (USD Million)
68. The Middle East and Africa Procurement Software Market revenue, By Software Type , 2016–2026 (USD Million)
69. The Middle East and Africa Procurement Software Market revenue, By Organization Size, 2016–2026 (USD Million)
70. The Middle East and Africa Procurement Software Market revenue, By Vertical, 2016–2026 (USD Million)
71. Saudi Arabia Procurement Software Market revenue, By Deployment, 2016–2026 (USD Million)
72. Saudi Arabia Procurement Software Market revenue, By Software Type , 2016–2026 (USD Million)
73. Saudi Arabia Procurement Software Market revenue, By Organization Size, 2016–2026 (USD Million)
74. Saudi Arabia Procurement Software Market revenue, By Vertical, 2016–2026 (USD Million)
75. South Africa Procurement Software Market revenue, By Deployment, 2016–2026 (USD Million)
76. South Africa Procurement Software Market revenue, By Software Type , 2016–2026 (USD Million)
77. South Africa Procurement Software Market revenue, By Organization Size, 2016–2026 (USD Million)
78. South Africa Procurement Software Market revenue, By Vertical, 2016–2026 (USD Million)
79. Rest of the Middle East & Africa Procurement Software Market revenue, By Deployment, 2016–2026 (USD Million)
80. Rest of the Middle East & Africa Procurement Software Market revenue, By Software Type , 2016–2026 (USD Million)
81. Rest of the Middle East & Africa Procurement Software Market revenue, By Organization Size, 2016–2026 (USD Million)
82. Rest of the Middle East & Africa Procurement Software Market revenue, By Vertical, 2016–2026 (USD Million)
Methodology
FrequentlyAsked Questions
Procurement software manages purchasing and supplier activities. It improves cost control and operational efficiency
The global Procurement Software market is expected to be driven by the demand for cost control, supplier management, and digital procurement processes. Cloud-based platforms and automation support market growth..
According to study, the global Procurement Software market size was worth around USD 7.26 Billion in 2023 and is predicted to grow to around USD 18.36 Billion By 2032.
The global Procurement Software market is expected to grow at a Compound Annual Growth Rate (CAGR) of around CAGR 10.86% during the forecast period from 2024-2032.
The global Procurement Software industry is projected to be challenged by Challenges include complex implementation, user adoption resistance, and integration with ERP systems.
The Opportunities include cost optimization initiatives, digital procurement adoption, supplier analytics, and SME cloud-based solutions will offer significant growth opportunities in the Procurement Software market.
AI-based spend analytics and supplier insights; cloud-native and SaaS deployment; automation of sourcing and contract management are the emerging trends and innovations impacting the Procurement Software market.
The global Procurement Software market is expected to be led by North America during the forecast period.
Some of the prominent players operating in the global Procurement Software market are; Epicor Software Corporation, IBM Corporation, Tradeshift, Oracle, Basware, Epicor Software Corporation, Coupa Software Inc., Proactis Holdings Plc, OpusCapita Solutions Oy, Mercateo, JDA Software Inc., Zycus Inc, SAP SE, Tungsten Corporation plc. Infor, Ivalua Inc., JAGGAER, and BuyerQuest Holdings Inc and others.
The report explores crucial aspects of the Procurement Software market, including a detailed discussion of existing growth factors and restraints, while also browsing future growth opportunities and challenges that impact the market.
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