Procurement Software Market Size, Share, Growth, and Trends, Forecast 2022-2026

This enables the report’s purchaser to get a thorough picture of the competitive landscape and develop market strategies accordingly.


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10 months ago | 3 min read

Astute Analytica's recent research report includes a thorough analysis of the top participants in the worldwide Procurement Software Market, including their corporate identities and business strategies. This enables the report's purchaser to get a thorough picture of the competitive landscape and develop market strategies accordingly. 

The Global Procurement Software Market is projected to make a forward leap in its revenue from US$ 6,115.4 Mn in 2021 to US$ 9,654.8 Mn by 2026. The market is registering growth at a CAGR of 9.4% over the forecast period 2022-2026.

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The research thoroughly analyzes pricing, gross revenue (Mn), entry-level storage specs, and company profiles in a separate section with the top major players. 

Leading Competitors 

The key players in the Global Procurement Software Market are SAP SE, Proactis Holdings PLC, Coupa Software Inc., Microsoft Corporation, and Oracle Corporation, among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip on emerging markets. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.

The Procurement Software Market size section provides market revenue, taking into account both the market's historical growth and future projections. The report also includes a variety of company profiles that are creating waves in their respective industries or have the potential to do so. Their profiles include the players' market sizes, significant product launches, strategies, and other information. 

The report details the overall market sales produced over time by a specific company. By factoring in product sales over a period and dividing them by the industry's total sales over the same period, experts in the field determine to share. 

The research examines the size of the global market now and its growth rates over five years. It also includes many kinds of segmentation, including geographic segmentation (North America, Europe, Asia-Pacific, etc.). Detailed market segment information aids in performance monitoring and crucial decision-making for expansion and profitability. 

Segmentation OverviewProcurement-Software-Market-segments

The following are the different segments of the Global Procurement Software Market:

By Deployment segment of the Global Procurement Software Market is sub-segmented into:

  • Cloud-based
  • On-premise

By Software segment of the Global Procurement Software Market is sub-segmented into:

  • Spend Analysis
  • E-Sourcing
  • E-Procurement

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By Industry segment of the Global Procurement Software Market is sub-segmented into:

  • Retail
  • Manufacturing
  • Transportation & Logistics
  • Healthcare
  • BFSI
  • Others

By Region segment of the Global Procurement Software Market is sub-segmented into:

  • North America
  • The U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
  • Latin America
  • Mexico
  • Brazil
  • Rest of LA
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of the Middle East & Africa

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About Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.


They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

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