PUBLISHER: BIS Research | PRODUCT CODE: 1742149
PUBLISHER: BIS Research | PRODUCT CODE: 1742149
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 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
| KEY MARKET STATISTICS | |
|---|---|
| Forecast Period | 2025 - 2034 |
| 2025 Evaluation | $7.93 Billion |
| 2034 Forecast | $21.23 Billion |
| CAGR | 11.56% |
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 Contents
Executive Summary
Scope 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
- 4.2.6.1 U.S.
- 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
- 4.3.6.1 Germany
- 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
- 4.4.6.1 China
- 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
- 4.5.6.1 South America
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
- 5.3.1 Accenture
- 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
