PUBLISHER: BIS Research | PRODUCT CODE: 1744400
PUBLISHER: BIS Research | PRODUCT CODE: 1744400
Retail Sourcing and Procurement Market - A Global and Regional Analysis: Focus on Application, Product, and Country Analysis - Analysis and Forecast, 2025-2034
Global Retail Sourcing and Procurement Market: Industry Overview
The global retail sourcing and procurement market is anchored by the imperative to optimize cost, ensure supply-chain resilience and enhance agility amid increasingly complex omnichannel retail operations. Retailers are deploying modular procure-to-pay suites and supplier-management platforms that integrate strategic sourcing, contract-lifecycle management, spend analytics and supplier-risk monitoring into a unified digital backbone. Core enabling technologies include cloud-native architectures that support rapid deployment and continuous upgrades; artificial intelligence and machine learning for demand forecasting, prescriptive sourcing and anomaly detection; blockchain for immutable supplier-transaction records; and low-code/no-code integration frameworks that connect procurement workflows with merchandising, inventory and logistics systems. Collectively, these innovations are driving a shift from reactive, transactional procurement to proactive, insight-driven supplier collaboration and value co-creation.
Retail Sourcing and Procurement Market Lifecycle Stage
| KEY MARKET STATISTICS | |
|---|---|
| Forecast Period | 2025 - 2034 |
| 2025 Evaluation | $6.22 Billion |
| 2034 Forecast | $11.66 Billion |
| CAGR | 7.23% |
Currently, the retail sourcing and procurement market is in a high-growth phase characterized by rapid technology adoption and vigorous new-entrant activity. Following years of digital-transformation pilots, major retailers and mid-market chains alike are scaling cloud-based procurement-as-a-service deployments, while best-of-breed vendors and consultancies race to introduce AI-powered assistant bots, sustainability-linkage modules and community-intelligence marketplaces. Although market consolidation is underway-driven by strategic acquisitions among tier-one suite providers and specialist entrants-fragmentation remains pronounced, leaving ample space for innovative startups to capture niche use cases (e.g., ESG data integration, blockchain traceability). This growth stage is expected to extend through the late 2020s, as ongoing advances in generative AI and embedded analytics continue to unlock new procurement-centric business models and performance-enhancing applications.
Retail Sourcing and Procurement Market Segmentation:
Segmentation 1: by Application
- Solution
- Strategic Sourcing
- Supplier Management
- Contract Management
- Procure-to-pay
- Spend Analysis
- Service
- Implementation
- Consulting
- Training & Support
Solution is one of the prominent application segments in the global retail sourcing and procurement market.
Segmentation 2: by Deployment
- On-Premise
- Cloud-Based
The global retail sourcing and procurement market is estimated to be led by the cloud-based segment in terms of deployment.
Segmentation 3: by Region
- North America - U.S., Canada, and Mexico
- 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 retail sourcing and procurement market, North America is anticipated to gain traction in terms of production, given the continuously changing retail scene, supply chain complexities, technological improvements, and shifting customer behaviors.
Demand - Drivers and Limitations
The following are the demand drivers for the global retail sourcing and procurement market:
- Rapid Digitalization and Adoption of Cloud-based Procurement Platforms
The global retail sourcing and procurement market is expected to face some limitations as well due to the following challenges:
- High Upfront Investment and Complexity in Integrating Modern Sourcing Solutions with Legacy ERP Systems
Retail Sourcing and Procurement Market Key Players and Competition Synopsis
Competition in retail sourcing and procurement centers on the trade-off between broad functional depth and rapid innovation in specialized domains. Tier-one incumbents (SAP, Oracle, IBM) leverage their global implementation footprints and deep integrations with merchandising, inventory and ERP systems to serve large retailers with complex supply chains. In contrast, agile vendors (Coupa, Ivalua, Epicor, GEP) emphasize cloud-native architectures, AI-powered decision-support and modular deployment models that drive faster time-to-value and continuous feature delivery. Niche players like Kinaxis and Basware further intensify competitive pressure by focusing on real-time demand sensing, supplier network orchestration and sustainability-linked sourcing. This dynamic fosters ongoing consolidation-through strategic partnerships and acquisitions-and compels all vendors to invest heavily in retail-specific innovations such as omnichannel supplier portals, embedded ESG metrics and predictive replenishment algorithms. The retail sourcing and procurement market is dominated by a blend of comprehensive suite vendors and specialized solution providers. Leading enterprise platforms include SAP SE, Oracle Corporation, Coupa Software Inc., IBM Corporation and Infor Inc., which offer end-to-end source-to-pay capabilities tailored for retail workflows. Best-of-breed specialists such as Epicor Software Corporation, Ivalua Inc., GEP Worldwide and Jaggaer Inc. differentiate through advanced spend analytics, supplier-risk management and AI-driven sourcing modules. Additionally, regional and niche players-Kinaxis, Proactis Holdings Plc., Basware Corporation, HighJump Software and Blue Yonder Group-address specific retail challenges like demand-driven replenishment, category management and omnichannel supplier collaboration
Some prominent names established in the retail sourcing and procurement market are:
- Kinaxis
- Proactis Holdings Plc.
- Coupa Software
- HighJump Software
- Basware Corporation
- SAP SE
- Oracle Corporation
- IBM Corporation
- Epicor Software Corporation
- JDA Software Group, Inc.
- JAGGER, Inc.
- Infor Nexus
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 Future Outlook and Market Roadmap
2. Retail Sourcing and Procurement Market (by Application)
- 2.1 Application Segmentation
- 2.2 Application Summary
- 2.3 Retail Sourcing and Procurement Market (by Component)
- 2.3.1 Solution
- 2.3.1.1 Strategic Sourcing
- 2.3.1.2 Supplier Management
- 2.3.1.3 Contract Management
- 2.3.1.4 Procure-to-pay
- 2.3.1.5 Spend Analysis
- 2.3.2 Service
- 2.3.2.1 Implementation
- 2.3.2.2 Consulting
- 2.3.2.3 Training & Support
- 2.3.1 Solution
3. Retail Sourcing and Procurement Market (by Product)
- 3.1 Product Segmentation
- 3.2 Product Summary
- 3.3 Retail Sourcing and Procurement Market (by Deployment)
- 3.3.1 Cloud-Based
- 3.3.2 On-Premise
- 3.4 Retail Sourcing and Procurement Market (by Enterprise Type)
- 3.4.1 Small and Medium Enterprises
- 3.4.2 Large Enterprises
4. Retail Sourcing and Procurement Market (by Region)
- 4.1 Retail Sourcing and Procurement 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
- 4.2.6.3 Mexico
- 4.2.6.3.1 Market by Application
- 4.2.6.3.2 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 Kinaxis
- 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 Proactis Holdings Plc.
- 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 Coupa Software
- 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 HighJump Software
- 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 Basware Corporation
- 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 SAP SE
- 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 Oracle Corporation
- 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 Corporation
- 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 Epicor Software Corporation
- 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 JDA Software Group, Inc.
- 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 JAGGER, Inc.
- 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 Infor Nexus
- 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
- 5.3.1 Kinaxis
- 5.4 Other Key Companies
6. Research Methodology
List of Figures
- Figure 1: Retail Sourcing and Procurement Market (by Scenario), $Billion, 2025, 2028, and 2034
- Figure 2: Retail Sourcing and Procurement Market (by Region), $Billion, 2024, 2027, and 2034
- Figure 3: Retail Sourcing and Procurement Market (by Application), $Billion, 2024, 2027, and 2034
- Figure 4: Retail Sourcing and Procurement 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. Retail Sourcing and Procurement Market, $Billion, 2024-2034
- Figure 12: Canada Retail Sourcing and Procurement Market, $Billion, 2024-2034
- Figure 13: Mexico Retail Sourcing and Procurement Market, $Billion, 2024-2034
- Figure 14: Germany Retail Sourcing and Procurement Market, $Billion, 2024-2034
- Figure 15: France Retail Sourcing and Procurement Market, $Billion, 2024-2034
- Figure 16: Italy Retail Sourcing and Procurement Market, $Billion, 2024-2034
- Figure 17: Spain Retail Sourcing and Procurement Market, $Billion, 2024-2034
- Figure 18: U.K. Retail Sourcing and Procurement Market, $Billion, 2024-2034
- Figure 19: Rest-of-Europe Retail Sourcing and Procurement Market, $Billion, 2024-2034
- Figure 20: China Retail Sourcing and Procurement Market, $Billion, 2024-2034
- Figure 21: Japan Retail Sourcing and Procurement Market, $Billion, 2024-2034
- Figure 22: India Retail Sourcing and Procurement Market, $Billion, 2024-2034
- Figure 23: South Korea Retail Sourcing and Procurement Market, $Billion, 2024-2034
- Figure 24: Rest-of-Asia-Pacific Retail Sourcing and Procurement Market, $Billion, 2024-2034
- Figure 25: South America Retail Sourcing and Procurement Market, $Billion, 2024-2034
- Figure 26: Middle East and Africa Retail Sourcing and Procurement Market, $Billion, 2024-2034
- Figure 27: Strategic Initiatives (by Company), 2021-2025
- Figure 28: Share of Strategic Initiatives, 2021-2025
- Figure 29: Data Triangulation
- Figure 30: Top-Down and Bottom-Up Approach
- Figure 31: Assumptions and Limitations
List of Tables
- Table 1: Market Snapshot
- Table 2: Opportunities across Region
- Table 3: Trends Overview
- Table 4: Retail Sourcing and Procurement Market Pricing Forecast, 2024-2034
- Table 5: Application Summary (by Application)
- Table 6: Product Summary (by Product)
- Table 7: Retail Sourcing and Procurement Market (by Region), $Billion, 2024-2034
- Table 8: North America Retail Sourcing and Procurement Market (by Application), $Billion, 2024-2034
- Table 9: North America Retail Sourcing and Procurement Market (by Product), $Billion, 2024-2034
- Table 10: U.S. Retail Sourcing and Procurement Market (by Application), $Billion, 2024-2034
- Table 11: U.S. Retail Sourcing and Procurement Market (by Product), $Billion, 2024-2034
- Table 12: Canada Retail Sourcing and Procurement Market (by Application), $Billion, 2024-2034
- Table 13: Canada Retail Sourcing and Procurement Market (by Product), $Billion, 2024-2034
- Table 14: Mexico Retail Sourcing and Procurement Market (by Application), $Billion, 2024-2034
- Table 15: Mexico Retail Sourcing and Procurement Market (by Product), $Billion, 2024-2034
- Table 16: Europe Retail Sourcing and Procurement Market (by Application), $Billion, 2024-2034
- Table 17: Europe Retail Sourcing and Procurement Market (by Product), $Billion, 2024-2034
- Table 18: Germany Retail Sourcing and Procurement Market (by Application), $Billion, 2024-2034
- Table 19: Germany Retail Sourcing and Procurement Market (by Product), $Billion, 2024-2034
- Table 20: France Retail Sourcing and Procurement Market (by Application), $Billion, 2024-2034
- Table 21: France Retail Sourcing and Procurement Market (by Product), $Billion, 2024-2034
- Table 22: Italy Retail Sourcing and Procurement Market (by Application), $Billion, 2024-2034
- Table 23: Italy Retail Sourcing and Procurement Market (by Product), $Billion, 2024-2034
- Table 24: Spain Retail Sourcing and Procurement Market (by Application), $Billion, 2024-2034
- Table 25: Spain Retail Sourcing and Procurement Market (by Product), $Billion, 2024-2034
- Table 26: U.K. Retail Sourcing and Procurement Market (by Application), $Billion, 2024-2034
- Table 27: U.K. Retail Sourcing and Procurement Market (by Product), $Billion, 2024-2034
- Table 28: Rest-of-Europe Retail Sourcing and Procurement Market (by Application), $Billion, 2024-2034
- Table 29: Rest-of-Europe Retail Sourcing and Procurement Market (by Product), $Billion, 2024-2034
- Table 30: Asia-Pacific Retail Sourcing and Procurement Market (by Application), $Billion, 2024-2034
- Table 31: Asia-Pacific Retail Sourcing and Procurement Market (by Product), $Billion, 2024-2034
- Table 32: China Retail Sourcing and Procurement Market (by Application), $Billion, 2024-2034
- Table 33: China Retail Sourcing and Procurement Market (by Product), $Billion, 2024-2034
- Table 34: Japan Retail Sourcing and Procurement Market (by Application), $Billion, 2024-2034
- Table 35: Japan Retail Sourcing and Procurement Market (by Product), $Billion, 2024-2034
- Table 36: India Retail Sourcing and Procurement Market (by Application), $Billion, 2024-2034
- Table 37: India Retail Sourcing and Procurement Market (by Product), $Billion, 2024-2034
- Table 38: South Korea Retail Sourcing and Procurement Market (by Application), $Billion, 2024-2034
- Table 39: South Korea Retail Sourcing and Procurement Market (by Product), $Billion, 2024-2034
- Table 40: Rest-of-Asia-Pacific Retail Sourcing and Procurement Market (by Application), $Billion, 2024-2034
- Table 41: Rest-of-Asia-Pacific Retail Sourcing and Procurement Market (by Product), $Billion, 2024-2034
- Table 42: Rest-of-the-World Retail Sourcing and Procurement Market (by Application), $Billion, 2024-2034
- Table 43: Rest-of-the-World Retail Sourcing and Procurement Market (by Product), $Billion, 2024-2034
- Table 44: South America Retail Sourcing and Procurement Market (by Application), $Billion, 2024-2034
- Table 45: South America Retail Sourcing and Procurement Market (by Product), $Billion, 2024-2034
- Table 46: Middle East and Africa Retail Sourcing and Procurement Market (by Application), $Billion, 2024-2034
- Table 47: Middle East and Africa Retail Sourcing and Procurement Market (by Product), $Billion, 2024-2034
- Table 48: Market Share
