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PUBLISHER: IDC | PRODUCT CODE: 1691053

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PUBLISHER: IDC | PRODUCT CODE: 1691053

Procurement Application Predictions for 2025

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PAGES: 7 Pages
DELIVERY TIME: 1-2 business days
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This IDC Perspective aims to explore the anticipated developments and trends that are expected to shape the landscape of procurement solutions in the coming years. The procurement application landscape in 2025 is poised for significant transformation driven by technological advancements such as AI, machine learning, and agentic AI. These innovations are making procurement applications more sophisticated and efficient. The focus on savings is expected to return as a primary role of procurement, alongside managing supply chain risks and sustainability objectives. The market will see new entrants, including non-traditional providers, and a proliferation of options, complicating decision-making for buyers. The evolution of spend orchestration and direct spend management will offer enhanced visibility and control, necessitating agile and informed technology strategies to leverage these advancements effectively."Agentic AI is set to revolutionize procurement by enabling systems to set goals, make decisions, and take actions independently. Are you ready for the future of procurement applications?" - Patrick Reymann, research director, Procurement and Enterprise Applications at IDC

Product Code: US53243425

Executive Snapshot

Situation Overview

  • Agentic Procurement Applications Are Coming
  • ... But Let's Tap the Brakes Just a Bit
  • No, CLM Is Not Dead
  • Savings Are Back in Vogue
  • Providers That Are Not Seen as Procurement Application Providers Will Enter the Space
  • The Procurement Role Will Evolve
  • Direct Spend Gets the Attention It Deserves
  • The Evolution of Spend Orchestration
  • Get Ready for a Lot More Options

Advice for the Technology Buyer

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  • Related Research
  • Synopsis
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