Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Procurement Software Market Share

As per the procurement software market report, retail end users are anticipated to increase at the fastest rate.

Procurement teams in retail businesses are increasingly relied upon to reduce costs, mitigate supplier risks, and enhance value. This trend has prompted more businesses to adopt procurement software. For retailers purchasing large volumes of items, this software automates procurement operations, securing the best prices from vendors through tenders.

 

It also promotes transparency in financial supply chains, enhances overall value, and streamlines business processes. These factors are expected to drive the adoption of procurement software by retail end users, thereby boosting the market share of procurement software in the forecast period.

 

Procurement Software Market Report Snapshots

Procurement Software Market Size

Procurement Software Market Growth

Procurement Software Market Trends

Procurement Software Market Share

Procurement Software Manufacturers

Procurement Software Market Regional Analysis

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market was valued at USD 7.41 billion in 2023.

The market is projected to grow at a CAGR of 12.0% between 2024 and 2032.

The revenue generated from the procurement software market is expected to reach USD 20.53 billion in 2032.

The market is categorised according to the end use, which includes retail, manufacturing, transportation and logistics, healthcare, food and beverage, and others.

The market key players are Fraxion, GEP, Kissflow Procurement Cloud, Epicor Software Corporation, Jaggaer, Basware Inc., SAP SE, Proactis Holdings Limited., Procurify Technologies Inc., Zycus Inc., Ivalua Inc., and Microsoft Corporation among others.

Based on the deployment, the market is divided into on-premise and cloud.

The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124

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