PUBLISHER: TechNavio | PRODUCT CODE: 1915632
PUBLISHER: TechNavio | PRODUCT CODE: 1915632
Global AI In Procurement Market 2025-2029
The global AI in procurement market is forecasted to grow by USD 5865.4 mn during 2024-2029, accelerating at a CAGR of 27.9% during the forecast period. The report on the global AI in procurement market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by enhanced decision making and operational efficiency, significant cost reduction and optimization, improved supplier management and risk mitigation.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope | |
|---|---|
| Base Year | 2025 |
| End Year | 2029 |
| Series Year | 2025-2029 |
| Growth Momentum | Accelerate |
| YOY 2025 | 21.9% |
| CAGR | 27.9% |
| Incremental Value | $5865.4 mn |
Technavio's global AI in procurement market is segmented as below:
By Component
- Software
- Services
By End-User
- Manufacturing
- Retail and e-commerce
- Healthcare
- Transportation and logistics
- Others
By Technology
- Machine learning
- Natural language processing
- Predictive analytics
- Computer vision
- Robotic process automation
Geography
- North America
- US
- Canada
- Mexico
- APAC
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Europe
- Germany
- UK
- France
- Italy
- The Netherlands
- Spain
- Middle East and Africa
- UAE
- South Africa
- Turkey
- South America
- Brazil
- Argentina
- Colombia
- Rest of World (ROW)
This study identifies the enhanced efficiency and cost reduction through automation as one of the prime reasons driving the global AI in procurement market growth during the next few years. Also, proactive risk management and enhanced supply chain resilience and strategic decision-making powered by data-driven insights will lead to sizable demand in the market.
The report on the global AI in procurement market covers the following areas:
- Global AI in procurement market sizing
- Global AI in procurement market forecast
- Global AI in procurement market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading global AI in procurement market vendors that include Basware Corp., Clarifai Inc., Coupa Software Inc., GEP, H2O.ai Inc., Intel Corp., IBM Corp., Ivalua Inc., JAGGAER LLC, Microsoft Corp., NVIDIA Corp., Oracle Corp., Proactis Holdings plc, SAP SE, TradeShift Inc., Xeeva Inc., Zebra Technologies Corp., Zycus Inc.. Also, the global AI in procurement market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Component
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Market Segmentation by Technology
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- 2.3 Factors of disruption
- 2.4 Impact of drivers and challenges
3 Market Landscape
- 3.1 Market ecosystem
- 3.2 Market characteristics
- 3.3 Value chain analysis
4 Market Sizing
- 4.1 Market definition
- 4.2 Market segment analysis
- Market segments
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
5 Historic Market Size
- 5.1 Global AI In Procurement Market 2019 - 2023
- Historic Market Size - Data Table on Global AI In Procurement Market 2019 - 2023 ($ million)
- 5.2 Component segment analysis 2019 - 2023
- Historic Market Size - Component Segment 2019 - 2023 ($ million)
- 5.3 End-user segment analysis 2019 - 2023
- Historic Market Size - End-user Segment 2019 - 2023 ($ million)
- 5.4 Technology segment analysis 2019 - 2023
- Historic Market Size - Technology Segment 2019 - 2023 ($ million)
- 5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
- 5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Five Forces Analysis
- 6.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 6.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 6.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 6.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 6.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 6.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 6.7 Market condition
7 Market Segmentation by Component
- 7.1 Market segments
- 7.2 Comparison by Component
- 7.3 Software - Market size and forecast 2024-2029
- 7.4 Services - Market size and forecast 2024-2029
- 7.5 Market opportunity by Component
- Market opportunity by Component ($ million)
8 Market Segmentation by End-user
- 8.1 Market segments
- 8.2 Comparison by End-user
- 8.3 Manufacturing - Market size and forecast 2024-2029
- 8.4 Retail and e-commerce - Market size and forecast 2024-2029
- 8.5 Healthcare - Market size and forecast 2024-2029
- 8.6 Transportation and logistics - Market size and forecast 2024-2029
- 8.7 Others - Market size and forecast 2024-2029
- 8.8 Market opportunity by End-user
- Market opportunity by End-user ($ million)
9 Market Segmentation by Technology
- 9.1 Market segments
- 9.2 Comparison by Technology
- 9.3 Machine learning - Market size and forecast 2024-2029
- 9.4 Natural language processing - Market size and forecast 2024-2029
- 9.5 Predictive analytics - Market size and forecast 2024-2029
- 9.6 Computer vision - Market size and forecast 2024-2029
- 9.7 Robotic process automation - Market size and forecast 2024-2029
- 9.8 Market opportunity by Technology
- Market opportunity by Technology ($ million)
10 Customer Landscape
- 10.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Geographic Landscape
- 11.1 Geographic segmentation
- 11.2 Geographic comparison
- 11.3 North America - Market size and forecast 2024-2029
- 11.3.1 US - Market size and forecast 2024-2029
- 11.3.2 Canada - Market size and forecast 2024-2029
- 11.3.3 Mexico - Market size and forecast 2024-2029
- 11.4 APAC - Market size and forecast 2024-2029
- 11.4.1 China - Market size and forecast 2024-2029
- 11.4.2 Japan - Market size and forecast 2024-2029
- 11.4.3 India - Market size and forecast 2024-2029
- 11.4.4 South Korea - Market size and forecast 2024-2029
- 11.4.5 Australia - Market size and forecast 2024-2029
- 11.4.6 Indonesia - Market size and forecast 2024-2029
- 11.5 Europe - Market size and forecast 2024-2029
- 11.5.1 Germany - Market size and forecast 2024-2029
- 11.5.2 UK - Market size and forecast 2024-2029
- 11.5.3 France - Market size and forecast 2024-2029
- 11.5.4 Italy - Market size and forecast 2024-2029
- 11.5.5 The Netherlands - Market size and forecast 2024-2029
- 11.5.6 Spain - Market size and forecast 2024-2029
- 11.6 Middle East and Africa - Market size and forecast 2024-2029
- 11.6.1 UAE - Market size and forecast 2024-2029
- 11.6.2 South Africa - Market size and forecast 2024-2029
- 11.6.3 Israel - Market size and forecast 2024-2029
- 11.6.4 Saudi Arabia - Market size and forecast 2024-2029
- 11.6.5 Turkey - Market size and forecast 2024-2029
- 11.7 South America - Market size and forecast 2024-2029
- 11.7.1 Brazil - Market size and forecast 2024-2029
- 11.7.2 Argentina - Market size and forecast 2024-2029
- 11.7.3 Colombia - Market size and forecast 2024-2029
- 11.8 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
12 Drivers, Challenges, and Opportunity
- 12.1 Market drivers
- Enhanced decision making and operational efficiency
- Significant cost reduction and optimization
- Improved supplier management and risk mitigation
- 12.2 Market challenges
- Data security, privacy, and evolving regulatory landscapes
- Implementation complexity and integration with legacy systems
- Widening talent gap and shortage of AI-proficient professionals
- 12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 12.4 Market opportunities
- Enhanced efficiency and cost reduction through automation
- Proactive risk management and enhanced supply chain resilience
- Strategic decision-making powered by data-driven insights
13 Competitive Landscape
- 13.1 Overview
- 13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 13.3 Landscape disruption
- Overview on factors of disruption
- 13.4 Industry risks
- Impact of key risks on business
14 Competitive Analysis
- 14.1 Companies profiled
- Companies covered
- 14.2 Company ranking index
- Company ranking index
- 14.3 Market positioning of companies
- Matrix on companies position and classification
- 14.4 Basware Corp.
- Basware Corp. - Overview
- Basware Corp. - Product / Service
- Basware Corp. - Key offerings
- SWOT
- 14.5 Coupa Software Inc.
- Coupa Software Inc. - Overview
- Coupa Software Inc. - Product / Service
- Coupa Software Inc. - Key offerings
- SWOT
- 14.6 GEP
- GEP - Overview
- GEP - Product / Service
- GEP - Key offerings
- SWOT
- 14.7 H2O.ai Inc.
- H2O.ai Inc. - Overview
- H2O.ai Inc. - Product / Service
- H2O.ai Inc. - Key offerings
- SWOT
- 14.8 Intel Corp.
- Intel Corp. - Overview
- Intel Corp. - Business segments
- Intel Corp. - Key news
- Intel Corp. - Key offerings
- Intel Corp. - Segment focus
- SWOT
- 14.9 IBM Corp.
- IBM Corp. - Overview
- IBM Corp. - Business segments
- IBM Corp. - Key news
- IBM Corp. - Key offerings
- IBM Corp. - Segment focus
- SWOT
- 14.10 Ivalua Inc.
- Ivalua Inc. - Overview
- Ivalua Inc. - Product / Service
- Ivalua Inc. - Key offerings
- SWOT
- 14.11 Microsoft Corp.
- Microsoft Corp. - Overview
- Microsoft Corp. - Business segments
- Microsoft Corp. - Key news
- Microsoft Corp. - Key offerings
- Microsoft Corp. - Segment focus
- SWOT
- 14.12 NVIDIA Corp.
- NVIDIA Corp. - Overview
- NVIDIA Corp. - Business segments
- NVIDIA Corp. - Key news
- NVIDIA Corp. - Key offerings
- NVIDIA Corp. - Segment focus
- SWOT
- 14.13 Oracle Corp.
- Oracle Corp. - Overview
- Oracle Corp. - Business segments
- Oracle Corp. - Key news
- Oracle Corp. - Key offerings
- Oracle Corp. - Segment focus
- SWOT
- 14.14 Proactis Holdings plc
- Proactis Holdings plc - Overview
- Proactis Holdings plc - Product / Service
- Proactis Holdings plc - Key offerings
- SWOT
- 14.15 SAP SE
- SAP SE - Overview
- SAP SE - Business segments
- SAP SE - Key news
- SAP SE - Key offerings
- SAP SE - Segment focus
- SWOT
- 14.16 TradeShift Inc.
- TradeShift Inc. - Overview
- TradeShift Inc. - Product / Service
- TradeShift Inc. - Key offerings
- SWOT
- 14.17 Xeeva Inc.
- Xeeva Inc. - Overview
- Xeeva Inc. - Product / Service
- Xeeva Inc. - Key offerings
- SWOT
- 14.18 Zycus Inc.
- Zycus Inc. - Overview
- Zycus Inc. - Product / Service
- Zycus Inc. - Key offerings
- SWOT
15 Appendix
- 15.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 15.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 15.4 Research methodology
- Research methodology
- 15.5 Data procurement
- Information sources
- 15.6 Data validation
- Data validation
- 15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 15.8 Data synthesis
- Data synthesis
- 15.9 360 degree market analysis
- 360 degree market analysis
- 15.10 List of abbreviations
- List of abbreviations
