Worldwide Procurement Applications Market Shares, 2022: Steady Growth Highlights Value During Uncertain Times

This IDC study reviews the market shares for the procurement applications market, which grew at a robust space in 2022."The procurement applications market continues its growth trajectory, with providers in our coverage areas experiencing robust growth and interest. IDC sees this momentum continuing throughout 2023 and beyond, as spend management remains top of mind among buyers. Buyers have a wealth of options, and we believe they will favor those applications that deliver transparency, time to value, and facilitate strong stakeholder engagement. The infusion of AI capabilities into these tools is well underway, and IDC sees this accelerating. The use cases are seemingly endless, and IDC is excited to see it all unfold." Patrick Reymann, research director, Procurement and Enterprise Applications, at IDC.