PUBLISHER: The Business Research Company | PRODUCT CODE: 1977360
PUBLISHER: The Business Research Company | PRODUCT CODE: 1977360
Procurement analytics refers to software which automates spend analysis and purchase analysis and operates completely organizations' expenditure through an insightful dashboard. These procurement analytics solutions collect data from various sources such as ERPs, process raw data into use-case taxonomies, and display in visualization dashboards.
The main components of procurement analytics are solutions and services. The procurement analytics solutions refer to procurement analytics software and tools that operate on on-premise or cloud platforms. The key applications of procurement analytics include supply chain analytics, risk analytics, spend analytics, demand forecasting, contract management, vendor management, and category management. They are used by end-use industries ranging from retail and e-commerce, manufacturing, government and defense, healthcare and life sciences, telecom and IT, energy and utilities, banking, financial services, and insurance (BFSI), others.
Tariffs are impacting the procurement analytics market by increasing costs associated with data integration services, cloud infrastructure usage, and cross-border software deployments supporting global procurement operations. Manufacturing, retail, and government sectors in North America and Europe are most affected due to tariff-driven supply chain volatility and increased sourcing complexity. These tariffs are driving higher demand for analytics tools that improve supplier risk visibility and cost forecasting accuracy. At the same time, they are accelerating adoption of advanced procurement analytics solutions that support strategic sourcing and tariff mitigation planning.
The procurement analytics market research report is one of a series of new reports from The Business Research Company that provides procurement analytics market statistics, including procurement analytics industry global market size, regional shares, competitors with a procurement analytics market share, detailed procurement analytics market segments, market trends and opportunities, and any further data you may need to thrive in the procurement analytics industry. This procurement analytics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The procurement analytics market size has grown exponentially in recent years. It will grow from $6.25 billion in 2025 to $7.67 billion in 2026 at a compound annual growth rate (CAGR) of 22.6%. The growth in the historic period can be attributed to increasing enterprise data digitization, growing complexity of global supply chains, rising focus on cost optimization, adoption of centralized procurement platforms, expansion of cloud-based analytics solutions.
The procurement analytics market size is expected to see exponential growth in the next few years. It will grow to $17.92 billion in 2030 at a compound annual growth rate (CAGR) of 23.6%. The growth in the forecast period can be attributed to increasing demand for real-time procurement intelligence, rising adoption of predictive sourcing strategies, expansion of cloud-native analytics platforms, growing focus on supply chain resilience, increasing integration of advanced visualization tools. Major trends in the forecast period include increasing adoption of ai-driven spend analytics, growing integration with enterprise resource planning systems, rising use of predictive risk analytics, expansion of supplier performance monitoring tools, enhanced focus on real-time procurement dashboards.
The growth of e-commerce and the organized retail industry is expected to drive the expansion of the procurement analytics market. E-commerce refers to a platform through which customers and vendors buy or sell goods and services online via websites, applications, and other digital channels using computers, tablets, smartphones, and other smart devices. Procurement analytics is widely adopted by e-commerce leaders and organized retail stores, as it provides data-driven insights into customer behavior and spending patterns. For example, in August 2023, the United States Census Bureau reported that compared to the second quarter of 2022, e-commerce sales in the second quarter of 2023 increased by 7.5% (or 1.4%), while overall retail sales rose by 0.6% (or 0.4%). Online stores accounted for 15.4% of all sales in the second quarter of 2023. Therefore, the expansion of e-commerce and organized retail is fueling growth in the procurement analytics market.
Major companies in the procurement analytics market are introducing advanced spend analytics solutions to optimize procurement processes. Enhanced spend analytics refers to the sophisticated use of data analysis and technology to gain deeper insights into an organization's spending patterns, helping improve procurement efficiency and cost management. For instance, in October 2023, AirPlus, a US-based corporate payment specialist, launched the AirPlus Intelligence Hub, a spend analytics platform that enables customers to monitor and manage their spending through a new dashboard. It provides a two-year spend overview, customizable filters across multiple categories, and multilingual support. Additional data modules are planned for 2024, offering customizable data downloads and advanced analytics features, including a global spend overview and deeper insights into business trips and emissions data.
In July 2024, Procure Analytics Inc., a US-based data and technology company, acquired DSSI LLC for an undisclosed amount. With this acquisition, Procure Analytics aims to strengthen its position as a full-scope provider of indirect goods and related services. DSSI LLC is a US-based procurement analytics company specializing in delivering data-driven insights for indirect procurement and supplier management.
Major companies operating in the procurement analytics market are SAP SE; Oracle Corporation; Coupa Software Inc.; Jaggaer; GEP Worldwide; Ivalua Inc.; Zycus; Basware Corporation; SynerTrade; Proactis; Sievo; Xeeva Inc.; ProcurePort; Corcentric Inc.; Scout RFP; BirchStreet Systems; Periscope Holdings; Keelvar; POOL4TOOL AG; Rosslyn Data Technologies
North America was the largest region in the procurement analytics market in 2025 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the procurement analytics market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the procurement analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The procurement analytics market includes revenues earned by entities by providing services such as identifying need, supplier evaluation and selection, purchase order, and delivery. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Procurement Analytics Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses procurement analytics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for procurement analytics ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The procurement analytics market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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