Procurement Software Global Market Report 2024

Global Procurement Software Market Report 2024

Procurement Software Global Market Report 2024 – By Software Type (Supplier Management, Contract Management, E-Procurement, E-Sourcing, Spend Analysis), By Deployment (On-Cloud, On-Premise), By Organization Size (Small And Medium Size Enterprises, Large Enterprises), By Vertical (Travel And Logistics, Information Technology And Telecommunications, Electronics, Automotive, Retail, Mining, Others Verticals) – Market Size, Trends, And Global Forecast 2024-2033

Name: Procurement Software Global Market Report 2024
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Procurement Software Global Market Report 2024

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Procurement Software Global Market Report 2024

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Procurement Software Market Definition

Procurement software is an integrated application suite that enables organizations to manage the entire procurement lifecycle from requisition to payment. It automates purchasing processes, facilitates supplier collaboration, ensures compliance with procurement policies, and provides analytics for informed decision-making.

The main software types of procurement software are supplier management, contract management, e-procurement, e-sourcing, and spend analysis. Supplier management refers to identifying, evaluating, and managing suppliers to ensure the procurement of high-quality goods and services. The various deployment models involved are on-cloud and on-premise. It is used at various organization sizes, including small and medium-sized enterprises and large enterprises. It is involved in various verticals such as travel and logistics, information technology and telecommunications, electronics, automotive, retail, mining, and other verticals.

Procurement Software Market Segmentation

The procurement software market covered in this report is segmented –

1) By Software Type: Supplier Management, Contract Management, E-Procurement, E-Sourcing, Spend Analysis

2) By Deployment: On-Cloud, On-Premise

3) By Organization Size: Small And Medium Size Enterprises, Large Enterprises

4) By Vertical: Travel And Logistics, Information Technology And Telecommunications, Electronics, Automotive, Retail, Mining, Others Verticals

Global Procurement Software Market Size 2023 to 2028: Graph

Procurement Software Market Size 2024 And Growth Rate

The procurement software market size has grown rapidly in recent years. It will grow from $7.62 billion in 2023 to $8.65 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to increased accuracy of procurement data, growing emphasis on sustainable procurement among the consumers, growth in requirement to automate procurement, and increased supply process, and growing demand for e-procurement.

Procurement Software Market Growth Forecast

The procurement software market size is expected to see rapid growth in the next few years. It will grow to $14.44 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%. The growth in the forecast period can be attributed to rising demand for supply chain management, rising need for automated and efficient procurement processes, rising demand for centralized procurement processes, increasing demand for smart procurement management solutions, and increasing use for cloud-based procurement solutions. Major trends in the forecast period include integration of artificial intelligence, technological advancements, integration of cutting-edge technologies, integration with new software, development of online portals, integration with other enterprise systems, and integration with existing systems.

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Procurement Software Market Driver: Increasing Adoption of Cloud-Based Solutions on Procurement Software

The increasing adoption of cloud-based solutions is expected to propel the growth of the procurement software market going forward. Cloud-based solutions are software and services hosted on remote servers accessed via the internet, offering users on-demand access to data and applications from anywhere. The increasing adoption of cloud-based solutions can be attributed to scalability and flexibility, which provide businesses with efficient and cost-effective IT infrastructure solutions. Cloud-based solutions significantly enhance procurement software by providing greater flexibility, scalability, and efficiency. They offer cost savings, improved collaboration, advanced security, and seamless integration capabilities, making them an attractive option for organizations looking to optimize their procurement processes. For instance, in December 2023, according to the European Union, a Netherlands-based international organization, the percentage of European Union businesses that bought cloud computing services increased by 4.2 percentage points in 2023 compared to 2021. Furthermore, in December 2021, according to the European Union, a Belgium-based governing body, EU businesses used cloud computing at a rate of 36% in 2021, a significant increase of 6 percentage points from the previous year. Therefore, the increasing adoption of cloud-based solutions is driving the growth of the procurement software market.

Global Procurement Software Market Major Players

Major companies operating in the procurement software market are Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, Tata Consultancy Services Ltd., HCL Technologies Limited, Infor Inc, GEP Corporation, Epicor Software Corporation, Coupa Software Inc., Zycus Inc., Mercateo AG, Ivalua Inc., Basware Corporation, Jaggaer Inc, Proactis Holdings plc, Tropic Technologies Inc., Simfoni Limited, Enaviya Information Technology Pvt. Ltd, Determine Inc., Ginesys, SunSmart Technologies Pvt. Ltd., GT Nexus, Vroozi Inc.

Global Procurement Software Market Trend: Airbase Introduces Guided Procurement Solution To Streamline Purchasing Process

Major companies operating in the procurement software market focus on developing innovative solutions, such as spend management solutions, to strengthen their position in the market. Spend management solutions refer to organizations' tools and processes to manage, control, and optimize their spending. These solutions encompass the entire lifecycle of an organization's expenditures, from planning and budgeting to procurement and payment. For instance, in April 2023, Airbase Inc., a US-based software company, introduced a guided procurement solution to streamline the purchasing process. This new solution integrates seamlessly with existing workflows, offering a user-friendly interface that guides users through each procurement step, from requisition to purchase order creation and approval. Its key features include automated policy enforcement, ensuring compliance with company spending policies, and real-time budget visibility, allowing stakeholders to make informed decisions.

Procurement Software Market Merger And Acquisition: Accenture Plc Acquires The Shelby Group LLC To Enhance Sourcing And Procurement Transformation Capabilities

In November 2023, Accenture plc, a US-based professional services company, acquired The Shelby Group LLC for an undisclosed amount. With this acquisition, Accenture aims to enhance its sourcing and procurement transformation capabilities by integrating The Shelby Group's expertise in procurement operations, spend management, and supplier management. The Shelby Group is a US-based company that provides digital procurement and optimization services.

Regional Insights For The Global Procurement Software Market

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

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

The procurement software market includes revenues earned by entities by providing services such as sourcing management, supplier management, purchase order management, invoice management, reporting and analytics, and catalog management services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

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

Procurement Software Market Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$8.65 billion
Revenue Forecast In 2033	$14.44 billion
Growth Rate	CAGR of 13.7% 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 Software Type: Supplier Management; Contract Management; E-Procurement; E-Sourcing; Spend Analysis 2) By Deployment: On-Cloud; On-Premise 3) By Organization Size: Small And Medium Size Enterprises; Large Enterprises 4) By Vertical: Travel And Logistics; Information Technology And Telecommunications; Electronics; Automotive; Retail; Mining; Others Verticals
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, Tata Consultancy Services Ltd., HCL Technologies Limited, Infor Inc, GEP Corporation, Epicor Software Corporation, Coupa Software Inc., Zycus Inc., Mercateo AG, Ivalua Inc., Basware Corporation, Jaggaer Inc, Proactis Holdings plc, Tropic Technologies Inc., Simfoni Limited, Enaviya Information Technology Pvt. Ltd, Determine Inc., Ginesys, SunSmart Technologies Pvt. Ltd., GT Nexus, Vroozi Inc.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Procurement Software Market Characteristics

3. Procurement Software Market Trends And Strategies

4. Procurement Software 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 Procurement Software Market Size and Growth

5.1. Global Procurement Software Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Procurement Software Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Procurement Software Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Procurement Software Market Segmentation

6.1. Global Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Supplier Management

Contract Management

E-Procurement

E-Sourcing

Spend Analysis

6.2. Global Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

On-Cloud

On-Premise

6.3. Global Procurement Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Small And Medium Size Enterprises

Large Enterprises

6.4. Global Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Travel And Logistics

Information Technology And Telecommunications

Electronics

Automotive

Retail

Mining

Others Verticals

7. Procurement Software Market Regional And Country Analysis

7.1. Global Procurement Software Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Procurement Software Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Procurement Software Market

8.1. Asia-Pacific Procurement Software 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 Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Procurement Software Market

9.1. China Procurement Software Market Overview

9.2. China Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Procurement Software Market

10.1. India Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Procurement Software Market

11.1. Japan Procurement Software Market Overview

11.2. Japan Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Procurement Software Market

12.1. Australia Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Procurement Software Market

13.1. Indonesia Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Procurement Software Market

14.1. South Korea Procurement Software Market Overview

14.2. South Korea Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Procurement Software Market

15.1. Western Europe Procurement Software Market Overview

15.2. Western Europe Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Procurement Software Market

16.1. UK Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Procurement Software Market

17.1. Germany Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Procurement Software Market

18.1. France Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.3. France Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Procurement Software Market

19.1. Italy Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.3. Italy Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Procurement Software Market

20.1. Spain Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.3. Spain Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Procurement Software Market

21.1. Eastern Europe Procurement Software Market Overview

21.2. Eastern Europe Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Procurement Software Market

22.1. Russia Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Procurement Software Market

23.1. North America Procurement Software Market Overview

23.2. North America Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Procurement Software Market

24.1. USA Procurement Software Market Overview

24.2. USA Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Procurement Software Market

25.1. Canada Procurement Software Market Overview

25.2. Canada Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Procurement Software Market

26.1. South America Procurement Software Market Overview

26.2. South America Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Procurement Software Market

27.1. Brazil Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Procurement Software Market

28.1. Middle East Procurement Software Market Overview

28.2. Middle East Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Procurement Software Market

29.1. Africa Procurement Software Market Overview

29.2. Africa Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Procurement Software Market Competitive Landscape And Company Profiles

30.1. Procurement Software Market Competitive Landscape

30.2. Procurement Software Market Company Profiles

30.2.1. Microsoft Corporation

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. International Business Machines 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. Oracle Corporation

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. SAP SE

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. Tata Consultancy Services Ltd.

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Procurement Software Market Other Major And Innovative Companies

31.1. HCL Technologies Limited

31.2. Infor Inc

31.3. GEP Corporation

31.4. Epicor Software Corporation

31.5. Coupa Software Inc.

31.6. Zycus Inc.

31.7. Mercateo AG

31.8. Ivalua Inc.

31.9. Basware Corporation

31.10. Jaggaer Inc

31.11. Proactis Holdings plc

31.12. Tropic Technologies Inc.

31.13. Simfoni Limited

31.14. Enaviya Information Technology Pvt. Ltd

31.15. Determine Inc.

32. Global Procurement Software Market Competitive Benchmarking

33. Global Procurement Software Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Procurement Software Market

35. Procurement Software Market Future Outlook and Potential Analysis

35.1 Procurement Software Market In 2028 - Countries Offering Most New Opportunities

35.2 Procurement Software Market In 2028 - Segments Offering Most New Opportunities

35.3 Procurement Software 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 Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Procurement Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Procurement Software Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Global Procurement Software Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: Asia-Pacific, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: China, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: India, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Japan, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Australia, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Indonesia, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: South Korea, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Western Europe, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: UK, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: Germany, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: France, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Italy, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Spain, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Eastern Europe, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: Russia, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: North America, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: USA, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: Canada, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: South America, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Brazil, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Middle East, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Africa, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 75: Microsoft Corporation Financial Performance

Table 76: International Business Machines Corporation Financial Performance

Table 77: Oracle Corporation Financial Performance

Table 78: SAP SE Financial Performance

Table 79: Tata Consultancy Services Ltd. 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 Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Procurement Software Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Procurement Software Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Global Procurement Software Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: Asia-Pacific, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: China, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: India, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Japan, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Australia, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Indonesia, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: South Korea, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Western Europe, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: UK, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: Germany, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: France, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Italy, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Spain, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Eastern Europe, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: Russia, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: North America, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: USA, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: Canada, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: South America, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Brazil, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Middle East, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Procurement Software Market, Segmentation By Software Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Procurement Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Africa, Procurement Software Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 75: Microsoft Corporation Financial Performance

Figure 76: International Business Machines Corporation Financial Performance

Figure 77: Oracle Corporation Financial Performance

Figure 78: SAP SE Financial Performance

Figure 79: Tata Consultancy Services Ltd. Financial Performance

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Frequently Asked Questions

What is the definition of the Procurement Software market?

How will the Procurement Software market drivers and restraints affect the Procurement Software market dynamics? What forces will shape the Procurement Software industry going forward?

The Procurement Software market major growth driver - Increasing Adoption of Cloud-Based Solutions on Procurement Software. For further insights on the Procurement Software market, request a sample here

What is the forecast market size or the forecast market value of the Procurement Software market?

The procurement software market size has grown rapidly in recent years. It will grow from $7.62 billion in 2023 to $8.65 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to increased accuracy of procurement data, growing emphasis on sustainable procurement among the consumers, growth in requirement to automate procurement, and increased supply process, and growing demand for e-procurement. The procurement software market size is expected to see rapid growth in the next few years. It will grow to $14.44 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%. The growth in the forecast period can be attributed to rising demand for supply chain management, rising need for automated and efficient procurement processes, rising demand for centralized procurement processes, increasing demand for smart procurement management solutions, and increasing use for cloud-based procurement solutions. Major trends in the forecast period include integration of artificial intelligence, technological advancements, integration of cutting-edge technologies, integration with new software, development of online portals, integration with other enterprise systems, and integration with existing systems. For further insights on the Procurement Software market, request a sample here

How is the Procurement Software market segmented?

The Procurement Software market is segmented
1) By Software Type: Supplier Management, Contract Management, E-Procurement, E-Sourcing, Spend Analysis
2) By Deployment: On-Cloud, On-Premise
3) By Organization Size: Small And Medium Size Enterprises, Large Enterprises
4) By Vertical: Travel And Logistics, Information Technology And Telecommunications, Electronics, Automotive, Retail, Mining, Others VerticalsFor further insights on the Procurement Software market, request a sample here

Which region has the largest share of the Procurement Software market? What are the other regions covered in the report?

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

Who are the major players in the Procurement Software market?

What are the key trends in the Procurement Software market?

Major trend in the Procurement Software market - Airbase Introduces Guided Procurement Solution To Streamline Purchasing Process. For further insights on the Procurement Software market, request a sample here.

What are the major opportunities in the Procurement Software market? What are the strategies for the Procurement Software market?

For detailed insights on the major opportunities and strategies in the Procurement Software market, request a sample here.

How does the Procurement Software market relate to the overall economy and other similar markets?

For detailed insights on Procurement Software market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the Procurement Software industry?

For detailed insights on the mergers and acquisitions in the Procurement Software industry, request a sample here.

What are the key dynamics influencing the Procurement Software market growth? SWOT analysis of the Procurement Software market.

For detailed insights on the key dynamics influencing the Procurement Software market growth and SWOT analysis of the Procurement Software industry, request a sample here.