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Global Generative AI In Procurement Market Report 2024

Generative AI In Procurement Global Market Report 2024 – By Type (Direct Procurement, Indirect Procurement, Goods Procurement, Services Procurement), By Organization Size (Large Enterprise, Small And Medium Enterprises), By Application (Supplier Identification, Product Or Service Recommendation, Negotiation Support, Risk Assessment, Contract Analysis, Fraud Detection, Predictive Modeling, Other Applications) – Market Size, Trends, And Global Forecast 2024-2033

Generative AI In Procurement Global Market Report 2024

Starting Price : $4000.00 | Pages : 175 | Published : June 2024 | Delivery Time: 2-3 business days | Format : pdf

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Generative AI In Procurement Global Market Report 2024

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Description Table Of Contents Tables & Figures Market Insights Related Reports

Generative AI In Procurement Market Definition And Segments

Generative artificial intelligence (AI) in procurement refers to the application of AI algorithms and technologies to streamline and optimize various aspects of the procurement process within businesses and organizations. It is utilized to automate document generation, forecast demand, evaluate suppliers, and optimize prices, enhancing efficiency and decision-making throughout procurement.

The main types of generative artificial intelligence (AI) in procurement are direct procurement, indirect procurement, goods procurement, and service procurement. Generative AI in direct procurement involves using artificial intelligence to streamline the sourcing and acquisition of goods and services directly related to production processes such as raw materials and machinery. Various organization sizes, which include large enterprises and small and medium enterprises, are used for different applications such as supplier identification, product or service recommendation, negotiation support, risk assessment, contract analysis, fraud detection, predictive modeling, and others.

The generative AI in procurement market covered in this report is segmented –

1) By Type: Direct Procurement, Indirect Procurement, Goods Procurement, Services Procurement

2) By Organization Size: Large Enterprise, Small And Medium Enterprises

3) By Application: Supplier Identification, Product Or Service Recommendation, Negotiation Support, Risk Assessment, Contract Analysis, Fraud Detection, Predictive Modeling, Other Applications

The generative artificial intelligence (AI) in procurement market size has grown exponentially in recent years. It will grow from $0.12 billion in 2023 to $0.16 billion in 2024 at a compound annual growth rate (CAGR) of 28.7%. The growth in the historic period can be attributed to increased data availability, complexity in supply chains, vendor relationships, focus on strategic procurement, and the rise of big data.

The generative artificial intelligence (AI) in procurement market size is expected to see exponential growth in the next few years. It will grow to $0.43 billion in 2028 at a compound annual growth rate (CAGR) of 29.0%. The growth in the forecast period can be attributed to increased adoption of cloud computing, integration with IoT and big data, expansion of industry-specific solutions, emphasis on sustainability, and rise of autonomous procurement. Major trends in the forecast period include AI-driven predictive analytics, autonomous procurement, dynamic pricing optimization, conversational AI interfaces, and multi-modal data fusion.

Cloud Services Fueling Generative AI Adoption In Procurement

The rising need for cloud services is expected to propel the growth of generative artificial intelligence (AI) in the procurement market going forward. Cloud services are computing services delivered over the internet, including storage, databases, and software, provided by cloud computing providers, enabling users to access and use these services without needing on-premises infrastructure. The growing demand for cloud services is due to the desire for agility, innovation, cost savings, and competitive advantage in an increasingly digital and interconnected world. Generative AI technology in procurement is empowered by the robust computational capabilities and scalability offered by cloud services, enabling companies to fully exploit the capabilities of generative AI algorithms while capitalizing on the adaptable, easily accessible, and cost-effective nature of cloud computing infrastructure. For instance, in December 2023, Eurostat, a Luxembourg-based statistical office of the European Union, the adoption rate of cloud computing services among medium-sized enterprises increased to 59% in 2022, up from 53% in 2021. Therefore, the rising need for cloud services is driving the growth of generative artificial intelligence (AI) in the procurement market.

Major companies operating in the generative AI in procurement market report are Google LLC; Microsoft Corporation; Dell Technologies Inc.; Amazon Web Services Inc.; International Business Machines Corporation (IBM); Oracle Corporation; Jabil Optics Germany GmbH; SAP SE; Genpact Limited; GEP Worldwide; Zoho Corporation Pvt. Ltd.; Coupa Software Inc.; Basware Corporation; Zycus Inc.; Jaggaer Holdings Inc.; Tradeshift Holdings Inc.; Ivalua Inc.; Agiloft Inc.; Master of Code Global Inc.; Sirion Inc.; Scoutbee GmbH; Simfoni Limited; LevaData Inc.; Aavenir Inc.; Suplari Inc.

Integration of Generative AI Suite In Procurement Workflows

Major companies operating in the generative artificial intelligence (AI) in procurement market are developing innovative products such as the generative AI Suite to enhance the competitive advantages of finance and procurement teams. A generative AI suite for procurement teams would encompass a range of AI-powered tools and solutions designed to streamline and optimize various aspects of the procurement process. For instance, in October 2023, ZIP, a US-based provider of innovative software solutions, launched the generative AI suite to revolutionize teams' workflows by offering cutting-edge tools and capabilities. The Generative AI Suite provides predictive analytics, automated insights, supplier relationship management, and contract management. This new AI capability directly integrates AI into request intake, approval, and contract renewal workflows. This eliminates thousands of hours employees would otherwise spend on labor-intensive vendor contract reviews and error-prone data entry for purchase requests, purchase orders, and invoices.

Simfoni Expands Procurement Capabilities With Acquisition Of Xeeva Inc.

In November 2022, Simfoni Limited, a US-based software company, acquired Xeeva, Inc. for an undisclosed amount. Through this acquisition, Simfoni expanded its capabilities and offerings in procurement and spend management solutions, allowing it to provide more comprehensive solutions to its clients. Xeeva Inc. is a US-based company specializing in AI and intelligent cloud-based procurement and spend management technologies.

North America was the largest region in the generative AI in procurement market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the generative AI in procurement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the generative AI in procurement market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The generative artificial intelligence (AI) in procurement market consists of revenues earned by entities providing services such as automated document generation, supplier selection and evaluation, contract management, supplier relationship management, and invoice and payment processing. The market value includes the value of related goods sold by the service provider or included within the service offering. The generative artificial intelligence (AI) in procurement market also includes sales of market intelligence platforms, payment automation tools, AI-powered procurement analytics platforms, blockchain-based procurement platforms, and compliance monitoring tools. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The generative artificial intelligence (AI) in procurement market research report is one of a series of new reports from The Business Research Company that provides generative artificial intelligence (AI) in procurement market statistics, including generative artificial intelligence (AI) in procurement industry global market size, regional shares, competitors with a generative artificial intelligence (AI) in procurement market share, detailed generative artificial intelligence (AI) in procurement market segments, market trends and opportunities, and any further data you may need to thrive in the generative artificial intelligence (AI) in procurement industry. This generative artificial intelligence (AI) in procurement market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Generative AI In Procurement Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $0.16 billion
Revenue Forecast In 2033 $0.43 billion
Growth Rate CAGR of 29.0% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Type: Direct Procurement, Indirect Procurement, Goods Procurement, Services Procurement
2) Organization Size: Large Enterprise, Small And Medium Enterprises
3) Application: Supplier Identification, Product Or Service Recommendation, Negotiation Support, Risk Assessment, Contract Analysis, Fraud Detection, Predictive Modeling, Other Applications
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled Google LLC; Microsoft Corporation; Dell Technologies Inc.; Amazon Web Services Inc.; International Business Machines Corporation (IBM); Oracle Corporation; Jabil Optics Germany GmbH; SAP SE; Genpact Limited; GEP Worldwide; Zoho Corporation Pvt. Ltd.; Coupa Software Inc.; Basware Corporation; Zycus Inc.; Jaggaer Holdings Inc.; Tradeshift Holdings Inc.; Ivalua Inc.; Agiloft Inc.; Master of Code Global Inc.; Sirion Inc.; Scoutbee GmbH; Simfoni Limited; LevaData Inc.; Aavenir Inc.; Suplari Inc.
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. Generative Artificial Intelligence (AI) In Procurement Market Characteristics

    3. Generative Artificial Intelligence (AI) In Procurement Market Trends And Strategies

    4. Generative Artificial Intelligence (AI) In Procurement Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Generative Artificial Intelligence (AI) In Procurement Market Size and Growth

    5.1. Global Generative Artificial Intelligence (AI) In Procurement Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Generative Artificial Intelligence (AI) In Procurement Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Generative Artificial Intelligence (AI) In Procurement Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Generative Artificial Intelligence (AI) In Procurement Market Segmentation

    6.1. Global Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Direct Procurement

    Indirect Procurement

    Goods Procurement

    Services Procurement

    6.2. Global Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Large Enterprise

    Small And Medium Enterprises

    6.3. Global Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Supplier Identification

    Product Or Service Recommendation

    Negotiation Support

    Risk Assessment

    Contract Analysis

    Fraud Detection

    Predictive Modeling

    Other Applications

    7. Generative Artificial Intelligence (AI) In Procurement Market Regional And Country Analysis

    7.1. Global Generative Artificial Intelligence (AI) In Procurement Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Generative Artificial Intelligence (AI) In Procurement Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Generative Artificial Intelligence (AI) In Procurement Market

    8.1. Asia-Pacific Generative Artificial Intelligence (AI) In Procurement Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Generative Artificial Intelligence (AI) In Procurement Market

    9.1. China Generative Artificial Intelligence (AI) In Procurement Market Overview

    9.2. China Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Generative Artificial Intelligence (AI) In Procurement Market

    10.1. India Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Generative Artificial Intelligence (AI) In Procurement Market

    11.1. Japan Generative Artificial Intelligence (AI) In Procurement Market Overview

    11.2. Japan Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Generative Artificial Intelligence (AI) In Procurement Market

    12.1. Australia Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Generative Artificial Intelligence (AI) In Procurement Market

    13.1. Indonesia Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Generative Artificial Intelligence (AI) In Procurement Market

    14.1. South Korea Generative Artificial Intelligence (AI) In Procurement Market Overview

    14.2. South Korea Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Generative Artificial Intelligence (AI) In Procurement Market

    15.1. Western Europe Generative Artificial Intelligence (AI) In Procurement Market Overview

    15.2. Western Europe Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Generative Artificial Intelligence (AI) In Procurement Market

    16.1. UK Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Generative Artificial Intelligence (AI) In Procurement Market

    17.1. Germany Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Generative Artificial Intelligence (AI) In Procurement Market

    18.1. France Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Generative Artificial Intelligence (AI) In Procurement Market

    19.1. Italy Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Generative Artificial Intelligence (AI) In Procurement Market

    20.1. Spain Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Generative Artificial Intelligence (AI) In Procurement Market

    21.1. Eastern Europe Generative Artificial Intelligence (AI) In Procurement Market Overview

    21.2. Eastern Europe Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Generative Artificial Intelligence (AI) In Procurement Market

    22.1. Russia Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Generative Artificial Intelligence (AI) In Procurement Market

    23.1. North America Generative Artificial Intelligence (AI) In Procurement Market Overview

    23.2. North America Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Generative Artificial Intelligence (AI) In Procurement Market

    24.1. USA Generative Artificial Intelligence (AI) In Procurement Market Overview

    24.2. USA Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Generative Artificial Intelligence (AI) In Procurement Market

    25.1. Canada Generative Artificial Intelligence (AI) In Procurement Market Overview

    25.2. Canada Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Generative Artificial Intelligence (AI) In Procurement Market

    26.1. South America Generative Artificial Intelligence (AI) In Procurement Market Overview

    26.2. South America Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Generative Artificial Intelligence (AI) In Procurement Market

    27.1. Brazil Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Generative Artificial Intelligence (AI) In Procurement Market

    28.1. Middle East Generative Artificial Intelligence (AI) In Procurement Market Overview

    28.2. Middle East Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Generative Artificial Intelligence (AI) In Procurement Market

    29.1. Africa Generative Artificial Intelligence (AI) In Procurement Market Overview

    29.2. Africa Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Generative Artificial Intelligence (AI) In Procurement Market Competitive Landscape And Company Profiles

    30.1. Generative Artificial Intelligence (AI) In Procurement Market Competitive Landscape

    30.2. Generative Artificial Intelligence (AI) In Procurement Market Company Profiles

    30.2.1. Google LLC

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Microsoft Corporation

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Dell Technologies Inc.

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Amazon Web Services Inc.

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. International Business Machines Corporation (IBM)

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Generative Artificial Intelligence (AI) In Procurement Market Other Major And Innovative Companies

    31.1. Oracle Corporation

    31.2. Jabil Optics Germany GmbH

    31.3. SAP SE

    31.4. Genpact Limited

    31.5. GEP Worldwide

    31.6. Zoho Corporation Pvt. Ltd.

    31.7. Coupa Software Inc.

    31.8. Basware Corporation

    31.9. Zycus Inc.

    31.10. Jaggaer Holdings Inc.

    31.11. Tradeshift Holdings Inc.

    31.12. Ivalua Inc.

    31.13. Agiloft Inc.

    31.14. Master of Code Global Inc.

    31.15. Sirion Inc.

    32. Global Generative Artificial Intelligence (AI) In Procurement Market Competitive Benchmarking

    33. Global Generative Artificial Intelligence (AI) In Procurement Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Generative Artificial Intelligence (AI) In Procurement Market

    35. Generative Artificial Intelligence (AI) In Procurement Market Future Outlook and Potential Analysis

    35.1 Generative Artificial Intelligence (AI) In Procurement Market In 2028 - Countries Offering Most New Opportunities

    35.2 Generative Artificial Intelligence (AI) In Procurement Market In 2028 - Segments Offering Most New Opportunities

    35.3 Generative Artificial Intelligence (AI) In Procurement Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Generative Artificial Intelligence (AI) In Procurement Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Generative Artificial Intelligence (AI) In Procurement Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: China, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: India, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Japan, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Australia, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Indonesia, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: South Korea, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Western Europe, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: UK, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Germany, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: France, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Italy, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Spain, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Eastern Europe, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Russia, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: North America, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: USA, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: Canada, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: South America, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: Brazil, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Middle East, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Africa, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Google LLC Financial Performance
  • Table 75: Microsoft Corporation Financial Performance
  • Table 76: Dell Technologies Inc. Financial Performance
  • Table 77: Amazon Web Services Inc. Financial Performance
  • Table 78: International Business Machines Corporation (IBM) Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Generative Artificial Intelligence (AI) In Procurement Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Generative Artificial Intelligence (AI) In Procurement Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: China, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: India, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Japan, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Australia, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Indonesia, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: South Korea, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Western Europe, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: UK, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Germany, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: France, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Italy, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Spain, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Eastern Europe, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Russia, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: North America, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: USA, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: Canada, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: South America, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: Brazil, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Middle East, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Africa, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Generative Artificial Intelligence (AI) In Procurement Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Google LLC Financial Performance
  • Figure 75: Microsoft Corporation Financial Performance
  • Figure 76: Dell Technologies Inc. Financial Performance
  • Figure 77: Amazon Web Services Inc. Financial Performance
  • Figure 78: International Business Machines Corporation (IBM) Financial Performance
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Frequently Asked Questions

What is the definition of the generative AI in procurement market?

Generative artificial intelligence (AI) in procurement refers to the application of AI algorithms and technologies to streamline and optimize various aspects of the procurement process within businesses and organizations. It is utilized to automate document generation, forecast demand, evaluate suppliers, and optimize prices, enhancing efficiency and decision-making throughout procurement. For further insights on the generative AI in procurement market, request a sample here

How will the generative AI in procurement market drivers and restraints affect the generative AI in procurement market dynamics? What forces will shape the generative AI in procurement industry going forward?

The generative AI in procurement market major growth driver - Cloud Services Fueling Generative AI Adoption In Procurement. For further insights on the generative AI in procurement market, request a sample here

What is the forecast market size or the forecast market value of the generative AI in procurement market?

The generative artificial intelligence (AI) in procurement market size has grown exponentially in recent years. It will grow from $0.12 billion in 2023 to $0.16 billion in 2024 at a compound annual growth rate (CAGR) of 28.7%. The growth in the historic period can be attributed to increased data availability, complexity in supply chains, vendor relationships, focus on strategic procurement, and the rise of big data. The generative artificial intelligence (AI) in procurement market size is expected to see exponential growth in the next few years. It will grow to $0.43 billion in 2028 at a compound annual growth rate (CAGR) of 29.0%. The growth in the forecast period can be attributed to increased adoption of cloud computing, integration with IoT and big data, expansion of industry-specific solutions, emphasis on sustainability, and rise of autonomous procurement. Major trends in the forecast period include AI-driven predictive analytics, autonomous procurement, dynamic pricing optimization, conversational AI interfaces, and multi-modal data fusion. For further insights on the generative AI in procurement market, request a sample here

How is the generative AI in procurement market segmented?

The generative AI in procurement market is segmented
1) By Type: Direct Procurement, Indirect Procurement, Goods Procurement, Services Procurement
2) By Organization Size: Large Enterprise, Small And Medium Enterprises
3) By Application: Supplier Identification, Product Or Service Recommendation, Negotiation Support, Risk Assessment, Contract Analysis, Fraud Detection, Predictive Modeling, Other ApplicationsFor further insights on the generative AI in procurement market, request a sample here

Which region has the largest share of the generative AI in procurement market? What are the other regions covered in the report?

North America was the largest region in the generative AI in procurement market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the generative AI in procurement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the generative AI in procurement market, request a sample here.

Who are the major players in the generative AI in procurement market?

Major companies operating in the generative AI in procurement market report are Google LLC, Microsoft Corporation, Dell Technologies Inc., Amazon Web Services Inc., International Business Machines Corporation (IBM), Oracle Corporation, Jabil Optics Germany GmbH, SAP SE, Genpact Limited, GEP Worldwide, Zoho Corporation Pvt. Ltd., Coupa Software Inc., Basware Corporation, Zycus Inc., Jaggaer Holdings Inc., Tradeshift Holdings Inc., Ivalua Inc., Agiloft Inc., Master of Code Global Inc., Sirion Inc., Scoutbee GmbH, Simfoni Limited, LevaData Inc., Aavenir Inc., Suplari Inc. For further insights on the generative AI in procurement market, request a sample here.

What are the key trends in the generative AI in procurement market?

Major trend in the generative AI in procurement market - Integration of Generative AI Suite In Procurement Workflows. For further insights on the generative AI in procurement market, request a sample here.

What are the major opportunities in the generative AI in procurement market? What are the strategies for the generative AI in procurement market?

For detailed insights on the major opportunities and strategies in the generative AI in procurement market, request a sample here.

How does the generative AI in procurement market relate to the overall economy and other similar markets?

For detailed insights on generative AI in procurement market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the generative AI in procurement industry?

For detailed insights on the mergers and acquisitions in the generative AI in procurement industry, request a sample here.

What are the key dynamics influencing the generative AI in procurement market growth? SWOT analysis of the generative AI in procurement market.

For detailed insights on the key dynamics influencing the generative AI in procurement market growth and SWOT analysis of the generative AI in procurement industry, request a sample here.