Supply Chain Procurement Software Market Report 2025 (Global Edition)

Global Supply Chain Procurement Software Market Report 2025 Market Size Split by Deployment Type (Cloud-based, On-premises), by Functionality (Spend Analysis, Supplier Management, Contract Management,...

Supply Chain Procurement Software Market Report Description

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Supply Chain Procurement Software Market Insights Video

Competitive Landscape of the Supply Chain Procurement Software Market

The competitive landscape of the Supply Chain Procurement Software Market features a diverse array of players, including established leaders such as SAP Ariba, Oracle, and Coupa Software, alongside emerging innovators like Jaggaer and Ivalua. These companies differentiate themselves through advanced functionalities, such as artificial intelligence integration, real-time analytics, and user-friendly interfaces. Strategic partnerships, mergers, and acquisitions enhance their market presence and expand product offerings. The emphasis on digital transformation and supply chain resilience drives ongoing competition, prompting continuous innovation and improvements in procurement solutions.

In Dec 2023, Relish, a prominent B2B application and platform development company, unveiled its groundbreaking Procurement Assistant. Powered by AI and natural language processing, the assistant simplified enterprise application interactions, offering detailed insights into workflows and streamlining procurement tasks across various domains. (Source: https://relishiq.com/2023/12/22/introducing-procurement-assistant/) In August 2024, Microsoft introduced new AI-powered features in its Dynamics 365 procurement solutions, promising smarter spending decisions and smoother workflows. (Source: https://www.microsoft.com/en-us/dynamics-365/blog/business-leader/2024/08/19/generative-ai-in-erp-means-more-accurate-planning-across-the-organization/) In Jan 2024, Coupa Software, a major player, integrated machine learning into its platform to predict supplier risks and identify cost-saving opportunities. Basically, AI is becoming your procurement pal! (Source: https://www.coupa.com/platform/ai/)

Top Companies Market Share in Supply Chain Procurement Software Industry: (In no particular order of Rank)

• SAP Ariba
• Coupa Software
• Oracle
• JAGGAER
• Ivalua
• Basware
• Zycus
• GEP
• Proactis
• Tradeshift
• Wax Digital
• SynerTrade
• Bonfire
• Scanmarket
• Vroozi
• Keelvar
• POOL4TOOL
• Determine (Corcentric)
• SynerTrade
• Comarch
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Supply Chain Procurement Software Market

Which Region Dominates the Supply Chain Procurement Software Market in 2024?

According to Cognitive Market Research, North America is poised to dominate the Supply Chain Procurement Software Market in 2024, driven by a robust technological infrastructure and a high concentration of key industry players. The region's organizations increasingly prioritize digital transformation, seeking solutions that enhance efficiency and transparency within their procurement processes. Moreover, significant investments in cloud-based technologies and data analytics capabilities further bolster the market's growth. The presence of leading firms, coupled with a strong emphasis on supply chain resilience and innovation, positions North America at the forefront of this evolving sector, fostering continued advancements in procurement software adoption and implementation.

Which Region is Expanding at the Fastest CAGR?

The Asia-Pacific region is expanding at the fastest CAGR in the Supply Chain Procurement Software Market. Rapid economic growth, coupled with increasing investments in digital technologies, drives this expansion. Organizations in countries such as China, India, and Japan are prioritizing the enhancement of supply chain efficiency and transparency, leading to heightened demand for advanced procurement solutions. Furthermore, the rise of small and medium-sized enterprises (SMEs) adopting cloud-based software fuels market growth. Government initiatives promoting technological innovation and infrastructure development further support the region's dynamic evolution within the procurement software landscape.

The current report Scope analyzes Supply Chain Procurement Software Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Supply Chain Procurement Software

According to Cognitive Market Research, the global Supply Chain Procurement Software market size was estimated at USD 7512.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 3005.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Supply Chain Procurement Software market with a market size of USD 2370.95 million in 2024 and is projected to grow at a CAGR of 8.6% during the forecast period. The growth of the US market is fueled by a strong emphasis on technological innovation and digital transformation in procurement processes.
• The Canada Supply Chain Procurement Software market had a market share of USD 3623.74 million in 2024 and is projected to grow at a CAGR of 9.6% during the forecast period. In Canada, increasing demand for operational efficiency and cost reduction drives the adoption of procurement software solutions.
• The Mexico Supply Chain Procurement Software market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 273.46 million in 2024.

Europe Supply Chain Procurement Software

According to Cognitive Market Research, the global Supply Chain Procurement Software market size was estimated at USD 7512.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 2253.75 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.

• The United Kingdom Supply Chain Procurement Software market had a market share of USD 378.63 million in 2024 and is projected to grow at a CAGR of 9.9% during the forecast period. The UK's growth is supported by stringent regulatory compliance and a focus on sustainability in supply chain practices.
• The France Supply Chain Procurement Software market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 207.35 million in 2024.
• According to Cognitive Market Research, the German Supply Chain Procurement Software market size was valued at USD 446.24 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. Germany benefits from a robust manufacturing sector that seeks advanced procurement solutions to optimize supply chain management.
• The Italy Supply Chain Procurement Software market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 193.82 million in 2024.
• The Russia Supply Chain Procurement Software market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 349.33 million in 2024.
• The Spain Supply Chain Procurement Software market is projected to witness growth at a CAGR of 8.2% during the forecast period with a market size of USD 184.81 million in 2024
• The Luxembourg Supply Chain Procurement Software market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 69.87 million in 2024.
• The Portugal Supply Chain Procurement Software market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD 47.33 million in 2024.
• The Greece Supply Chain Procurement Software market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 27.05 million in 2024.
• The Rest of Europe's Supply Chain Procurement Software market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 349.33 million in 2024.

Asia Pacific Supply Chain Procurement Software

According to Cognitive Market Research, the global Supply Chain Procurement Software market size was estimated at USD 7512.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1727.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.

• According to Cognitive Market Research, the China Supply Chain Procurement Software market size was valued at USD 777.54 million in 2024 and is projected to grow at a CAGR of 12.1% during the forecast period. China's rapid economic growth and increasing investments in digital technologies significantly enhance the procurement software market.
• The Japan Supply Chain Procurement Software market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 238.45 million in 2024.
• The India Supply Chain Procurement Software market had a market share of USD 207.35 million in 2024 and is projected to grow at a CAGR of 14.4% during the forecast period. In India, the rise of small and medium-sized enterprises adopting cloud-based technologies propels market expansion.
• The South Korean Supply Chain Procurement Software market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD 172.79 million in 2024.
• The Australian Supply Chain Procurement Software market is projected to witness growth at a CAGR of 12.3% during the forecast period, with a market size of USD 89.85 million in 2024.
• The South East Asia Supply Chain Procurement Software market is projected to witness growth at a CAGR of 13.6% during the forecast period, with a market size of USD 119.22 million in 2024.
• The Rest of Asia Pacific Supply Chain Procurement Software market is projected to witness growth at a CAGR of 12.4% during the forecast period, with a market size of USD 122.68 million in 2024.

South America Supply Chain Procurement Software

According to Cognitive Market Research, the global Supply Chain Procurement Software market size was estimated at USD 7512.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 375.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Supply Chain Procurement Software market size was valued at USD 160.77 million in 2024 and is projected to grow at a CAGR of 10.6% during the forecast period. Brazil's improving supply chain capabilities and investments in technology drive growth in the procurement software sector.
• Argentina's Supply Chain Procurement Software market had a market share of USD 63.11 million in 2024 and is projected to grow at a CAGR of 10.9% during the forecast period. In Argentina, the focus on enhancing procurement efficiency and transparency supports the adoption of advanced software solutions.
• Colombia Supply Chain Procurement Software market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 33.43 million in 2024.
• Peru Supply Chain Procurement Software market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 30.80 million in 2024.
• Chile Supply Chain Procurement Software market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 27.05 million in 2024.
• The Rest of Latin America's Supply Chain Procurement Software market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 60.48 million in 2024.

Middle East Supply Chain Procurement Software

According to Cognitive Market Research, the global Supply Chain Procurement Software market size was estimated at USD 7512.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 150.25 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031..

• The GCC Countries Supply Chain Procurement Software market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 64.31 million in 2024. The GCC region experiences growth due to government initiatives promoting technology adoption and innovation in procurement processes.
• The Egypt Supply Chain Procurement Software market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 15.78 million in 2024.
• The South Africa Supply Chain Procurement Software market is projected to witness growth at a CAGR of 11.3% during the forecast period, with a market size of USD 23.74 million in 2024. South Africa's market growth is driven by a growing interest in digitalization and improved supply chain management practices.
• The Turkey Supply Chain Procurement Software market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 12.92 million in 2024.
• The Nigeria Supply Chain Procurement Software market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 15.78 million in 2024.
• The Rest of the MEA Supply Chain Procurement Software market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 17.73 million in 2024.

Supply Chain Procurement Software Market Analysis

Supply Chain Procurement Software Market Deployment Type Segment Analysis

According to Cognitive Market Research, The Supply Chain Procurement Software Market is primarily segmented into two deployment types: cloud-based and on-premises solutions. The largest segment, cloud-based deployment, commands a significant share due to its scalability and cost-effectiveness. Organizations are increasingly drawn to cloud solutions as they enable seamless access to procurement processes from anywhere, facilitating remote work and collaboration. These systems offer enhanced data security, continuous updates, and integration capabilities with existing technologies. The growing reliance on real-time data analytics further strengthens the appeal of cloud-based procurement software, allowing companies to adapt quickly to market changes and optimize their supply chain operations. As businesses strive for greater efficiency and transparency, cloud-based deployment remains the dominant choice in the market.

The fastest-growing segment within the Supply Chain Procurement Software Market is also cloud-based deployment. This rapid growth is driven by an accelerating trend toward digital transformation across industries, where organizations seek innovative solutions to streamline operations and enhance decision-making capabilities. Cloud-based systems provide the agility necessary for businesses to navigate complex supply chains, particularly during times of disruption. The ability to easily scale operations and access advanced features, such as artificial intelligence and machine learning, propels this segment forward. As more companies recognize the strategic advantages of adopting cloud technology, demand for cloud-based procurement solutions is set to soar, solidifying its status as the market's leading growth driver.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Supply Chain Procurement Software Industry. Request a Free Sample PDF!

Supply Chain Procurement Software Market Functionality Segment Analysis

According to Cognitive Market Research, The Supply Chain Procurement Software Market encompasses various functionality segments, each designed to address specific aspects of procurement management. Among these segments, Supplier Management stands out as the largest. This segment focuses on optimizing relationships with suppliers, ensuring quality, and mitigating risks. Effective supplier management is crucial for organizations seeking to enhance their procurement processes, as it enables firms to evaluate supplier performance, negotiate better contracts, and foster collaboration. As companies strive for greater operational efficiency, the demand for robust supplier management solutions continues to grow, making it an integral component of procurement software offerings. The emphasis on building strategic partnerships further solidifies this segment's prominence in the market.

The Contract Management segment is recognized as the fastest-growing within the Supply Chain Procurement Software Market. This functionality involves the administration and optimization of contracts throughout their lifecycle, ensuring compliance, cost-effectiveness, and risk management. As businesses face increasing regulatory scrutiny and the need for transparency in procurement practices, effective contract management becomes essential. Companies are increasingly adopting advanced contract management solutions that leverage automation and artificial intelligence to streamline workflows, enhance visibility, and improve negotiation outcomes. The growing awareness of the importance of compliance and risk mitigation drives the rapid expansion of this segment, positioning it as a critical focus area for organizations aiming to optimize their procurement strategies.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Supply Chain Procurement Software Industry Vertical Segment Analysis

Supply Chain Procurement Software Market Industry Vertical Segment Analysis

According to Cognitive Market Research, The Supply Chain Procurement Software Market encompasses several industry verticals, each contributing uniquely to its growth. The largest segment is the manufacturing sector, where the complexities of production and supply chain management demand sophisticated procurement solutions. Manufacturers increasingly seek to optimize their purchasing processes to manage costs effectively and ensure timely delivery of materials. Procurement software enhances visibility into supply chains, facilitates better supplier relationships, and streamlines inventory management. The need for compliance with regulatory standards and sustainability practices further drives the adoption of these solutions, positioning the manufacturing sector as a critical player in the procurement software landscape.

The fastest-growing segment within the Supply Chain Procurement Software Market is the healthcare industry. Rising pressures to improve operational efficiency and patient care quality are compelling healthcare organizations to adopt advanced procurement solutions. These software applications enable better management of medical supplies and equipment, ensuring hospitals and clinics can respond promptly to patient needs. Furthermore, increasing regulatory scrutiny regarding procurement practices amplifies the demand for transparency and accountability in the healthcare sector. As organizations strive to navigate these challenges while maintaining high standards of care, the integration of procurement software becomes essential, driving robust growth in this dynamic vertical.

• Retail
• Manufacturing
• Healthcare
• Transportation and Logistics
• Energy and Utilities
• Others

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

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