How big is the global procurement market?

The global procurement market size is estimated to have a value of USD 9.7 billion in 2025 and is expected to reach USD 28.7 billion by the end of 2034.

What is the size of the US procurement market?

The US procurement market is projected to be valued at USD 3.0 billion in 2025. It is expected to witness subsequent growth in the upcoming period as it holds USD 8.4 billion in 2034 at a CAGR of 12.0%.

Which region accounted for the largest global procurement market?

North America is expected to have the largest market share in the global procurement market, with a share of about 36.9% in 2025.

Who are the key players in the global procurement market?

Some of the major key players in the global procurement market are SAP SE, Oracle Corporation, Coupa Software, Jaggaer, Basware, GEP, Ivalua, Zycus, IBM, Workday, Proactis, SynerTrade, Tradeshift, Epicor Software Corporation, Tungsten Network, Corcentric, Ariba (SAP), and Other Key Players, and many others.

What is the growth rate of the global procurement market?

The market is growing at a CAGR of 12.8 percent over the forecasted period.

Procurement Software Market to reach USD 28.7 bn by 2034

Procurement Software Market

Procurement Software Market By Software Type (Procure-to-Pay (P2P) Software, Spend Analysis Software, E-Sourcing Software, E-Procurement Software, Supplier Management Software, Strategic Sourcing Software, and Other Software Type), By Deployment, By Organization Size, By End-User Industry - Global Industry Outlook, Key Companies (SAP SE, Oracle Corporation, IBM, and others), Trends and Forecast 2025-2034

Last Updated: May-2025

Report Code: RC-1507

Category: ICT & TMT

Pages: 360

Format: PDF / PPT / Excel

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Procurement Software Market

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