![]() Procurement Technologies and Services Market - A Global and Regional Analysis: Focus on Application, Product, and Country Analysis - Analysis and Forecast, 2025-2034
Global Procurement Technologies and Services Market: Industry Overview The Procurement Technologies and Services market today encompasses a broad suite of capabilities—ranging from e-sourcing ... もっと見る
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SummaryGlobal Procurement Technologies and Services Market: Industry OverviewThe Procurement Technologies and Services market today encompasses a broad suite of capabilities—ranging from e-sourcing and spend analytics to supplier-risk management and full procurement-as-a-service offerings—delivered via on-premise, cloud-native and hybrid deployment models. Major enterprise buyers are investing in AI-driven platforms that automate routine workflows, enable prescriptive sourcing insights and integrate real-time ESG metrics, while mid-market and SMB segments are increasingly adopting modular Procurement-as-a-Service (PaaS) solutions to lower upfront costs and accelerate time-to-value. This dynamic ecosystem is supported by an expanding roster of incumbent vendors (SAP Ariba, Coupa, Ivalua) alongside a wave of specialized startups (EcoVadis, Scoutbee, Simfoni), all vying to deliver deeper analytics, seamless ERP integration and enhanced supplier collaboration tools. Procurement Technologies and Services Market Lifecycle Stage The market is firmly in its growth stage, marked by accelerating adoption curves, prolific product innovation and rising competitive intensity. While early entrants focused on basic e-procurement and contract-management modules, the past 18 months have seen an influx of advanced AI/ML capabilities, cloud-native architectures and vertical-specific service bundles. Investment levels are high—both from strategic acquirers seeking to consolidate capabilities and from venture-backed challengers introducing next-generation analytics and collaboration platforms. As integration complexity and data-privacy requirements mature into standardized best practices, the market is transitioning toward maturity, with consolidation and differentiation becoming the defining themes of the next 24 months. Procurement Technologies and Services Market Segmentation: Segmentation 1: by Application • Manufacturing • BFSI • Energy • Travel and Hospitality • Healthcare • Others Manufacturing is one of the prominent application segments in the global procurement technologies and services market. Segmentation 2: by Component • Strategic Sourcing • Spend Management • Category Management • Process Management • Contract Management • Transactions Management The global procurement technologies and services market is estimated to be led by the strategic sourcing segment in terms of component. Segmentation 3: by Region • North America - U.S., and Canada • Europe - Germany, France, Italy, Spain, U.K., and Rest-of-Europe • Asia-Pacific - China, Japan, South Korea, India, and Rest-of-Asia-Pacific • Rest-of-the-World - South America and Middle East and Africa In the procurement technologies and services market, North America is anticipated to gain traction with increasing digitalization demand and government initiatives Demand – Drivers and Limitations The following are the demand drivers for the global procurement technologies and services market: • AI-Driven Digital Transformation The global procurement technologies and services market is expected to face some limitations as well due to the following challenges: • Data Security and Privacy Regulations Procurement Technologies and Services Market Key Players and Competition Synopsis The Procurement Technologies and Services market is dominated by a cohort of established software providers—led by SAP Ariba (SAP SE), Coupa Software, Oracle Procurement Cloud, Ivalua and Jaggaer—alongside specialist vendors such as Zycus, GEP and Proactis. These leaders vie for prominence through differentiated value propositions: SAP Ariba leverages deep ERP integration and expansive partner ecosystems; Coupa emphasizes a unified, AI-native spend-management platform with a rich community-sourced benchmark database; Oracle capitalizes on its autonomous cloud infrastructure to embed advanced analytics across source-to-pay workflows; Ivalua and Jaggaer focus on configurability and rapid time-to-value for complex sourcing scenarios. Competition is further intensified by the emergence of niche players—IBM Emptoris in supplier risk management, SynerTrade for configurable e-sourcing, and innovative startups delivering modular Procurement-as-a-Service offerings—prompting continuous feature expansion, strategic acquisitions and ecosystem alliances aimed at capturing both large-enterprise and mid-market segments. Some prominent names established in the procurement technologies and services market are: • Accenture • Infosys • GEP • Genpact • Proxima • WNS • Capgemini • IBM • Wipro • HCL • TCS • Xchanging • Aegis • Corbus • CA Technologies Companies that are not a part of the previously mentioned pool have been well represented across different sections of the report (wherever applicable). Table of ContentsExecutive SummaryScope and Definition Market/Product Definition Key Questions Answered Analysis and Forecast Note 1. Markets: Industry Outlook 1.1 Trends: Current and Future Impact Assessment 1.2 Stakeholder Analysis 1.2.1 Use Case 1.2.2 End User and Buying Criteria 1.3 Market Dynamics Overview 1.3.1 Market Drivers 1.3.2 Market Restraints 1.3.3 Market Opportunities 1.4 Investment Landscape and R&D Trends 1.5 Supply Chain Analysis 1.6 Future Outlook and Market Roadmap 2. Procurement Technologies and Services Market (by Application) 2.1 Application Segmentation 2.2 Application Summary 2.3 Procurement Technologies and Services Market (by End User) 2.3.1 Manufacturing 2.3.2 BFSI 2.3.3 Energy 2.3.4 Travel and Hospitality 2.3.5 Healthcare 2.3.6 Others 3. Procurement Technologies and Services Market (by Product) 3.1 Product Segmentation 3.2 Product Summary 3.3 Procurement Technologies and Services Market (by Component) 3.3.1 Strategic Sourcing 3.3.2 Spend Management 3.3.3 Category Management 3.3.4 Process Management 3.3.5 Contract Management 3.3.6 Transactions Management 3.4 Procurement Technologies and Services Market (by Enterprise Size) 3.4.1 Small Medium Enterprises 3.4.2 Large Enterprises 4. Procurement Technologies and Services Market (by Region) 4.1 Procurement Technologies and Services Market (by Region) 4.2 North America 4.2.1 Regional Overview 4.2.2 Driving Factors for Market Growth 4.2.3 Factors Challenging the Market 4.2.4 Application 4.2.5 Product 4.2.6 North America (by Country) 4.2.6.1 U.S. 4.2.6.1.1 Market by Application 4.2.6.1.2 Market by Product 4.2.6.2 Canada 4.2.6.2.1 Market by Application 4.2.6.2.2 Market by Product 4.3 Europe 4.3.1 Regional Overview 4.3.2 Driving Factors for Market Growth 4.3.3 Factors Challenging the Market 4.3.4 Application 4.3.5 Product 4.3.6 Europe (by Country) 4.3.6.1 Germany 4.3.6.1.1 Market by Application 4.3.6.1.2 Market by Product 4.3.6.2 France 4.3.6.2.1 Market by Application 4.3.6.2.2 Market by Product 4.3.6.3 Italy 4.3.6.3.1 Market by Application 4.3.6.3.2 Market by Product 4.3.6.4 Spain 4.3.6.4.1 Market by Application 4.3.6.4.2 Market by Product 4.3.6.5 U.K. 4.3.6.5.1 Market by Application 4.3.6.5.2 Market by Product 4.3.6.6 Rest-of-Europe 4.3.6.6.1 Market by Application 4.3.6.6.2 Market by Product 4.4 Asia-Pacific 4.4.1 Regional Overview 4.4.2 Driving Factors for Market Growth 4.4.3 Factors Challenging the Market 4.4.4 Application 4.4.5 Product 4.4.6 Asia-Pacific (by Country) 4.4.6.1 China 4.4.6.1.1 Market by Application 4.4.6.1.2 Market by Product 4.4.6.2 Japan 4.4.6.2.1 Market by Application 4.4.6.2.2 Market by Product 4.4.6.3 India 4.4.6.3.1 Market by Application 4.4.6.3.2 Market by Product 4.4.6.4 South Korea 4.4.6.4.1 Market by Application 4.4.6.4.2 Market by Product 4.4.6.5 Rest-of-Asia-Pacific 4.4.6.5.1 Market by Application 4.4.6.5.2 Market by Product 4.5 Rest-of-the-World 4.5.1 Regional Overview 4.5.2 Driving Factors for Market Growth 4.5.3 Factors Challenging the Market 4.5.4 Application 4.5.5 Product 4.5.6 Rest-of-the-World (by Region) 4.5.6.1 South America 4.5.6.1.1 Market by Application 4.5.6.1.2 Market by Product 4.5.6.2 Middle East and Africa 4.5.6.2.1 Market by Application 4.5.6.2.2 Market by Product 5. Markets - Competitive Benchmarking & Company Profiles 5.1 Next Frontiers 5.2 Geographic Assessment 5.3 Company Profiles 5.3.1 Accenture 5.3.1.1 Overview 5.3.1.2 Top Products/Product Portfolio 5.3.1.3 Top Competitors 5.3.1.4 Target Customers 5.3.1.5 Key Personnel 5.3.1.6 Analyst View 5.3.1.7 Market Share 5.3.2 Infosys 5.3.2.1 Overview 5.3.2.2 Top Products/Product Portfolio 5.3.2.3 Top Competitors 5.3.2.4 Target Customers 5.3.2.5 Key Personnel 5.3.2.6 Analyst View 5.3.2.7 Market Share 5.3.3 GEP 5.3.3.1 Overview 5.3.3.2 Top Products/Product Portfolio 5.3.3.3 Top Competitors 5.3.3.4 Target Customers 5.3.3.5 Key Personnel 5.3.3.6 Analyst View 5.3.3.7 Market Share 5.3.4 Genpact 5.3.4.1 Overview 5.3.4.2 Top Products/Product Portfolio 5.3.4.3 Top Competitors 5.3.4.4 Target Customers 5.3.4.5 Key Personnel 5.3.4.6 Analyst View 5.3.4.7 Market Share 5.3.5 Proxima 5.3.5.1 Overview 5.3.5.2 Top Products/Product Portfolio 5.3.5.3 Top Competitors 5.3.5.4 Target Customers 5.3.5.5 Key Personnel 5.3.5.6 Analyst View 5.3.5.7 Market Share 5.3.6 WNS 5.3.6.1 Overview 5.3.6.2 Top Products/Product Portfolio 5.3.6.3 Top Competitors 5.3.6.4 Target Customers 5.3.6.5 Key Personnel 5.3.6.6 Analyst View 5.3.6.7 Market Share 5.3.7 Capgemini 5.3.7.1 Overview 5.3.7.2 Top Products/Product Portfolio 5.3.7.3 Top Competitors 5.3.7.4 Target Customers 5.3.7.5 Key Personnel 5.3.7.6 Analyst View 5.3.7.7 Market Share 5.3.8 IBM 5.3.8.1 Overview 5.3.8.2 Top Products/Product Portfolio 5.3.8.3 Top Competitors 5.3.8.4 Target Customers 5.3.8.5 Key Personnel 5.3.8.6 Analyst View 5.3.8.7 Market Share 5.3.9 Wipro 5.3.9.1 Overview 5.3.9.2 Top Products/Product Portfolio 5.3.9.3 Top Competitors 5.3.9.4 Target Customers 5.3.9.5 Key Personnel 5.3.9.6 Analyst View 5.3.9.7 Market Share 5.3.10 HCL 5.3.10.1 Overview 5.3.10.2 Top Products/Product Portfolio 5.3.10.3 Top Competitors 5.3.10.4 Target Customers 5.3.10.5 Key Personnel 5.3.10.6 Analyst View 5.3.10.7 Market Share 5.3.11 TCS 5.3.11.1 Overview 5.3.11.2 Top Products/Product Portfolio 5.3.11.3 Top Competitors 5.3.11.4 Target Customers 5.3.11.5 Key Personnel 5.3.11.6 Analyst View 5.3.11.7 Market Share 5.3.12 Xchanging 5.3.12.1 Overview 5.3.12.2 Top Products/Product Portfolio 5.3.12.3 Top Competitors 5.3.12.4 Target Customers 5.3.12.5 Key Personnel 5.3.12.6 Analyst View 5.3.12.7 Market Share 5.3.13 Aegis 5.3.13.1 Overview 5.3.13.2 Top Products/Product Portfolio 5.3.13.3 Top Competitors 5.3.13.4 Target Customers 5.3.13.5 Key Personnel 5.3.13.6 Analyst View 5.3.13.7 Market Share 5.3.14 Corbus 5.3.14.1 Overview 5.3.14.2 Top Products/Product Portfolio 5.3.14.3 Top Competitors 5.3.14.4 Target Customers 5.3.14.5 Key Personnel 5.3.14.6 Analyst View 5.3.14.7 Market Share 5.3.15 CA Technologies 5.3.15.1 Overview 5.3.15.2 Top Products/Product Portfolio 5.3.15.3 Top Competitors 5.3.15.4 Target Customers 5.3.15.5 Key Personnel 5.3.15.6 Analyst View 5.3.15.7 Market Share 5.4 Other Key Companies 6. Research Methodology List of Figures Figure 1: Procurement Technologies and Services Market (by Scenario), $Billion, 2025, 2028, and 2034 Figure 2: Procurement Technologies and Services Market (by Region), $Billion, 2024, 2027, and 2034 Figure 3: Procurement Technologies and Services Market (by Application), $Billion, 2024, 2027, and 2034 Figure 4: Procurement Technologies and Services Market (by Product), $Billion, 2024, 2027, and 2034 Figure 5: Competitive Landscape Snapshot Figure 6: Supply Chain Analysis Figure 7: Value Chain Analysis Figure 8: Patent Analysis (by Country), January 2021-April 2025 Figure 9: Patent Analysis (by Company), January 2021-April 2025 Figure 10: Impact Analysis of Market Navigating Factors, 2024-2034 Figure 11: U.S. Procurement Technologies and Services Market, $Billion, 2024-2034 Figure 12: Canada Procurement Technologies and Services Market, $Billion, 2024-2034 Figure 13: Germany Procurement Technologies and Services Market, $Billion, 2024-2034 Figure 14: France Procurement Technologies and Services Market, $Billion, 2024-2034 Figure 15: Italy Procurement Technologies and Services Market, $Billion, 2024-2034 Figure 16: Spain Procurement Technologies and Services Market, $Billion, 2024-2034 Figure 17: U.K. Procurement Technologies and Services Market, $Billion, 2024-2034 Figure 18: Rest-of-Europe Procurement Technologies and Services Market, $Billion, 2024-2034 Figure 19: China Procurement Technologies and Services Market, $Billion, 2024-2034 Figure 20: Japan Procurement Technologies and Services Market, $Billion, 2024-2034 Figure 21: India Procurement Technologies and Services Market, $Billion, 2024-2034 Figure 22: South Korea Procurement Technologies and Services Market, $Billion, 2024-2034 Figure 23: Rest-of-Asia-Pacific Procurement Technologies and Services Market, $Billion, 2024-2034 Figure 24: South America Procurement Technologies and Services Market, $Billion, 2024-2034 Figure 25: Middle East and Africa Procurement Technologies and Services Market, $Billion, 2024-2034 Figure 26: Strategic Initiatives (by Company), 2021-2025 Figure 27: Share of Strategic Initiatives, 2021-2025 Figure 28: Data Triangulation Figure 29: Top-Down and Bottom-Up Approach Figure 30: Assumptions and Limitations List of Tables Table 1: Market Snapshot Table 2: Opportunities across Region Table 3: Trends Overview Table 4: Procurement Technologies and Services Market Pricing Forecast, 2024-2034 Table 5: Application Summary (by Application) Table 6: Product Summary (by Product) Table 7: Procurement Technologies and Services Market (by Region), $Billion, 2024-2034 Table 8: North America Procurement Technologies and Services Market (by Application), $Billion, 2024-2034 Table 9: North America Procurement Technologies and Services Market (by Product), $Billion, 2024-2034 Table 10: U.S. Procurement Technologies and Services Market (by Application), $Billion, 2024-2034 Table 11: U.S. Procurement Technologies and Services Market (by Product), $Billion, 2024-2034 Table 12: Canada Procurement Technologies and Services Market (by Application), $Billion, 2024-2034 Table 13: Canada Procurement Technologies and Services Market (by Product), $Billion, 2024-2034 Table 14: Europe Procurement Technologies and Services Market (by Application), $Billion, 2024-2034 Table 15: Europe Procurement Technologies and Services Market (by Product), $Billion, 2024-2034 Table 16: Germany Procurement Technologies and Services Market (by Application), $Billion, 2024-2034 Table 17: Germany Procurement Technologies and Services Market (by Product), $Billion, 2024-2034 Table 18: France Procurement Technologies and Services Market (by Application), $Billion, 2024-2034 Table 19: France Procurement Technologies and Services Market (by Product), $Billion, 2024-2034 Table 20: Italy Procurement Technologies and Services Market (by Application), $Billion, 2024-2034 Table 21: Italy Procurement Technologies and Services Market (by Product), $Billion, 2024-2034 Table 22: Spain Procurement Technologies and Services Market (by Application), $Billion, 2024-2034 Table 23: Spain Procurement Technologies and Services Market (by Product), $Billion, 2024-2034 Table 24: U.K. Procurement Technologies and Services Market (by Application), $Billion, 2024-2034 Table 25: U.K. Procurement Technologies and Services Market (by Product), $Billion, 2024-2034 Table 26: Rest-of-Europe Procurement Technologies and Services Market (by Application), $Billion, 2024-2034 Table 27: Rest-of-Europe Procurement Technologies and Services Market (by Product), $Billion, 2024-2034 Table 28: Asia-Pacific Procurement Technologies and Services Market (by Application), $Billion, 2024-2034 Table 29: Asia-Pacific Procurement Technologies and Services Market (by Product), $Billion, 2024-2034 Table 30: China Procurement Technologies and Services Market (by Application), $Billion, 2024-2034 Table 31: China Procurement Technologies and Services Market (by Product), $Billion, 2024-2034 Table 32: Japan Procurement Technologies and Services Market (by Application), $Billion, 2024-2034 Table 33: Japan Procurement Technologies and Services Market (by Product), $Billion, 2024-2034 Table 34: India Procurement Technologies and Services Market (by Application), $Billion, 2024-2034 Table 35: India Procurement Technologies and Services Market (by Product), $Billion, 2024-2034 Table 36: South Korea Procurement Technologies and Services Market (by Application), $Billion, 2024-2034 Table 37: South Korea Procurement Technologies and Services Market (by Product), $Billion, 2024-2034 Table 38: Rest-of-Asia-Pacific Procurement Technologies and Services Market (by Application), $Billion, 2024-2034 Table 39: Rest-of-Asia-Pacific Procurement Technologies and Services Market (by Product), $Billion, 2024-2034 Table 40: Rest-of-the-World Procurement Technologies and Services Market (by Application), $Billion, 2024-2034 Table 41: Rest-of-the-World Procurement Technologies and Services Market (by Product), $Billion, 2024-2034 Table 42: South America Procurement Technologies and Services Market (by Application), $Billion, 2024-2034 Table 43: South America Procurement Technologies and Services Market (by Product), $Billion, 2024-2034 Table 44: Middle East and Africa Procurement Technologies and Services Market (by Application), $Billion, 2024-2034 Table 45: Middle East and Africa Procurement Technologies and Services Market (by Product), $Billion, 2024-2034 Table 46: Market Share Press Release
According to a premium market intelligence study by BIS Research, the global procurement technologies and services market is projected to reach $21.23 billion by 2034. The study also highlights that the market is set to witness a CAGR of 11.56% during the forecast period 2025-2034.
USP of the Report • Extensive competitive benchmarking of 15 key players to offer a holistic view of the global procurement technologies and services market landscape • Market segregation based on application and product. • Investment landscape, including product adoption scenario, funding, and patent analysis Who should buy this report? The companies that produce and commercialize procurement technologies and services, application sectors, research institutions, and regulatory bodies involved in the global procurement technologies and services market should buy this report. Analyst Perspective According to Debraj Chakraborty, Principal Analyst, BIS Research, “The Procurement Technologies and Services market is entering a transformative phase in which its traditional role as a cost-containment function is increasingly supplanted by strategic value creation across the enterprise. Today’s platforms, underpinned by cloud-native architectures and AI-driven automation, are enabling real-time spend visibility, predictive risk management and seamless supplier collaboration—capabilities that routinely translate into accelerated sourcing cycles and measurable improvements in compliance and sustainability metrics. Looking ahead, the convergence of advanced analytics, generative AI and embedded ESG data will reposition procurement as a proactive growth lever: platforms will not only execute transactions but will also surface innovation opportunities, dynamically reconfigure supply-chain networks in response to geopolitical or weather-related disruptions and quantify the business impact of every sourcing decision. As digital procurement ecosystems mature, organizations that leverage these intelligent, end-to-end solutions will unlock differentiated competitive advantages—transforming procurement into a centrepiece of corporate resilience and innovation strategy.” Key Companies Profiled The key players profiled in the report Accenture, Infosys, GEP, Genpact, Proxima, WNS, Capgemini, IBM, Wipro, HCL, TCS, Xchanging, Aegis, Corbus, and CA Technologies Key Questions Answered in the Report • What are the main factors driving the demand for procurement technologies and services market? • What are the major patents filed by the companies active in the procurement technologies and services market? • Who are the key players in the procurement technologies and services market, and what are their respective market shares? • What partnerships or collaborations are prominent among stakeholders in the procurement technologies and services market? • What are the strategies adopted by the key companies to gain a competitive edge in procurement technologies and services market? • What is the futuristic outlook for the procurement technologies and services market in terms of growth potential? • What is the current estimation of the procurement technologies and services market and what growth trajectory is projected from 2025 to 2034? • Which application, and product segment is expected to lead the market over the forecast period (2025-2034)? • Which regions demonstrate the highest adoption rates for procurement technologies and services market, and what factors contribute to their leadership?
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