How big is the Procurement Software Market?

The Procurement Software Market size is expected to reach USD 8.93 billion in 2024 and grow at a CAGR of 9.92% to reach USD 14.33 billion by 2029. Read More

What is the current Procurement Software Market size?

In 2024, the Procurement Software Market size is expected to reach USD 8.93 billion. Read More

Who are the key players in Procurement Software Market?

SAP SE, Proactis Holdings PLC, Epicor Software Corporation, Ginesys (Ginni Systems Limited) and Coupa Software Inc. are the major companies operating in the Procurement Software Market. Read More

Which is the fastest growing region in Procurement Software Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Procurement Software Market?

In 2024, the North America accounts for the largest market share in Procurement Software Market. Read More

What years does this Procurement Software Market cover, and what was the market size in 2023?

In 2023, the Procurement Software Market size was estimated at USD 8.04 billion. The report covers the Procurement Software Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Procurement Software Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the major challenges faced by the Procurement Software Market?

Challenges faced by the Procurement Software Market include: a) Resistance to change b) Integration with existing systems c) Data security concerns d) Need for training employees to use the new system effectively Read More

Procurement Software Market Size, Share & Forecast

Procurement Software Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Procurement Software Companies and the Market is Segmented by Deployment (On-Premise and Cloud), End-User Industry (Retail, Manufacturing, Transportation and Logistics, Healthcare, and Other End-User Industries), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Procurement Software Industry Overview

The procurement software market is fragmented, with the presence of global players and small and medium-sized enterprises. Some of the major players in the market are SAP SE, Proactis Holdings PLC, Epicor Software Corporation, Ginesys (Ginni Systems Limited), and Coupa Software Inc. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their software offerings and gain sustainable competitive advantage.

April 2024: Iris Software Group formed a partnership with Amazon Business to optimize procurement for UK schools. This collaboration allows 5,254 Iris customers to efficiently purchase supplies from Amazon Business using Iris Financials, the group's cloud-based school finance software.
October 2023: Maximus UK launched the Atamis procurement software. Atamis will provide procurement software to optimize Maximus UK's sourcing processes, enhance efficiency, and reduce costs. By implementing Atamis's procurement software, Maximus UK entered a new procurement phase, focusing on streamlining operations and driving efficiencies.