According to a survey conducted in summer 2018, the leading aspect of companies operating in the manufacturing industry was the design development, material procurement and production of goods. Compared to the production related aspects of the manufacturing industry, over 42 percent of non-manufacturing enterprises named the procurement of quality controlled and quality assured goods and services the most important purchase and procurement criteria.

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Procurement Analytics Market Size 2025-2029

The procurement analytics market size is forecast to increase by USD 5.81 billion at a CAGR of 19.8% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing demand for cost reduction and efficiency in business operations. Companies are recognizing the value of leveraging data-driven insights to optimize their procurement processes, leading to substantial savings and improved performance. A key trend fueling market expansion is the integration of Artificial Intelligence (AI) and predictive analytics, enabling more accurate forecasting and automated decision-making. However, market growth is tempered by challenges such as data security and privacy concerns, which require robust data protection measures to ensure the confidentiality and integrity of sensitive information. According to data analytics, consumers are increasingly seeking seamless shopping experiences across multiple channels, leading retailers to invest in omnichannel strategies.
To capitalize on market opportunities and navigate challenges effectively, companies must prioritize data security, invest in advanced analytics technologies, and stay informed of regulatory developments. However, the market faces challenges related to procurement, particularly due to increasing environmental regulations and digital paper, and the shift towards digital transformation. By doing so, they can harness the power of procurement analytics to streamline operations, reduce costs, and gain a competitive edge.

What will be the Size of the Procurement Analytics Market during the forecast period?

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In the dynamic market, user experience (UX) plays a pivotal role in driving adoption of advanced data mining tools. Sustainable procurement practices are increasingly integrated into analytics solutions, ensuring data cleansing aligns with social responsibility. Agile methodologies and blockchain technology enable continuous improvement through real-time analytics and predictive modeling. Data visualization tools, custom reports, and interactive dashboards facilitate collaborative analytics, allowing stakeholders to make informed decisions. Procurement maturity models, mobile analytics, and procurement governance ensure data quality management and adherence to best practices. Deep learning and automated decision making streamline processes, while data validation and predictive modeling enhance accuracy.
Role-based access control and change management ensure data security and efficiency. Cloud-based analytics and data enrichment provide scalability and flexibility. Procurement ethics and user interface (UI) design further enhance the value of analytics solutions, ensuring a seamless user experience and ethical decision-making. Overall, the market is evolving to meet the needs of modern businesses, offering innovative solutions for data management and strategic sourcing. Machine learning algorithms optimize supply chain management, enabling retailers to anticipate demand and maintain efficient operations. Digital marketing strategies, including influencer marketing and content marketing, engage customers and drive sales. E-commerce platforms and online retail offer convenience, while virtual reality shopping and augmented reality applications enhance the shopping experience.

How is this Procurement Analytics Industry segmented?

The procurement analytics industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Deployment

  On-premises
  Cloud


Business Segment

  Large enterprises
  SMEs


Component

  Solutions
  Services


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Deployment Insights

The on-premises segment is estimated to witness significant growth during the forecast period. On-premises procurement analytics solutions refer to software systems installed and operated within an organization's data centers or IT infrastructure. These solutions offer businesses complete ownership and control over procurement data, making them suitable for industries with stringent data security, compliance, or customization requirements, such as finance, defense, and government. The primary advantage of on-premises deployment is the ability to deeply customize the system to align with specific organizational processes. Since the solution resides on internal servers, IT teams can tailor features, workflows, and integrations more freely than with most cloud-based options. Data warehousing plays a crucial role in procurement analytics by collecting, storing, and managing large volumes

Procurement Analytics Software Market Outlook

The global market size for procurement analytics software was valued at approximately USD 2.7 billion in 2023 and is expected to reach around USD 10.8 billion by 2032, growing at a CAGR of 16.5% during the forecast period. This growth is driven by the increasing need for businesses to optimize their supply chain operations, reduce costs, and gain strategic insights from data. The adoption of digital transformation initiatives across various industries further propels the demand for procurement analytics solutions.

One of the primary growth factors for the procurement analytics software market is the rising need for efficient management of procurement processes. Organizations are increasingly recognizing the importance of data-driven decision-making to enhance their procurement strategies, reduce expenses, and improve supplier relationships. This has led to a surge in the adoption of procurement analytics software, which provides valuable insights into spending patterns, supplier performance, and market trends. Additionally, the integration of artificial intelligence (AI) and machine learning (ML) technologies into these solutions is enhancing their capabilities, making them more attractive to businesses of all sizes.

Another significant factor contributing to the market's growth is the increasing complexity of global supply chains. With businesses operating on a global scale, managing procurement activities across multiple regions and suppliers has become a challenging task. Procurement analytics software helps organizations navigate these complexities by providing real-time visibility into their supply chain operations. This enables companies to identify potential risks, optimize inventory levels, and ensure timely delivery of goods and services. Furthermore, the growing emphasis on sustainability and ethical sourcing practices is driving the adoption of procurement analytics solutions that can track and analyze the environmental and social impact of procurement activities.

The rise of e-commerce and digital platforms is also playing a crucial role in the growth of the procurement analytics software market. As more businesses shift to online channels for their procurement needs, the volume of data generated is increasing exponentially. Procurement analytics software helps organizations harness this data to gain actionable insights, improve procurement efficiency, and stay competitive in the market. Moreover, the ongoing advancements in cloud computing and big data technologies are making it easier for businesses to implement and scale procurement analytics solutions, further accelerating market growth.

In today's fast-paced business environment, the role of Procurement Software has become increasingly crucial. This software not only streamlines the procurement process but also enhances the overall efficiency by automating routine tasks and reducing manual errors. By leveraging Procurement Software, organizations can achieve greater transparency and control over their procurement activities, leading to improved supplier relationships and cost savings. The software provides a centralized platform for managing all procurement-related data, enabling businesses to make informed decisions based on real-time insights. As companies strive to stay competitive, the adoption of advanced procurement solutions is becoming a strategic priority, further driving the market growth.

From a regional perspective, North America is expected to hold the largest market share during the forecast period, driven by the presence of leading technology providers and the widespread adoption of advanced procurement practices. However, the Asia Pacific region is projected to witness the highest growth rate, owing to the rapid digital transformation initiatives and increasing focus on supply chain optimization in emerging economies such as China and India. Europe and Latin America are also anticipated to experience substantial growth, supported by the growing awareness of the benefits of procurement analytics and the implementation of regulatory frameworks promoting transparency and accountability in procurement processes.

Component Analysis

The procurement analytics software market can be segmented by component into software and services. The software segment is expected to hold a significant share of the market, driven by the increasing demand for advanced analytics tools that provide real-time insights into procur

Abstract

The objective of the survey is to develop a systematic approach to study and improve public administration in Brazil. The survey aims to diagnose the needs, attitudes, motivations, organizational environments, and general practices of public servants and their organizational units. The study encompasses federal public administration employees, with a special focus on the public procurement function.

Geographic coverage

Public procurement official across the country

Analysis unit

Individual public procurement officials

Kind of data

Sample survey data [ssd]

Sampling procedure

The survey targeted key agents working in the Brazilian procurement process, whose actions are fundamental in determining the efficiency of public procurement. These agents include auctioneers, procurement managers, and planning officers. We targeted procurement agents from all Brazilian federal public organizations that conducted at least one purchase between 2019 and 2023.

We used administrative data from ComprasNet, the main federal government management information system for public procurement, to identify and obtain contact information for procurement auctioneers. This system records every bid and public contract from the federal government. For each bid, it is possible to identify and track (by unique national ID) the auctioneer of the bid, and the homologator associated with it — the individual administratively responsible for approving the results of the bidding process. Given that we have access to the universe of tenders from the federal government spanning from 2019 to 2023, we are able to identify and connect, to each bid, the entire set of auctioneers over this period. We identified and obtained contact information for 11,215 auctioneers. The MGI distributed the online survey to these individuals via SouGov, an internal messaging platform used by the federal government. Information on procurement managers and planning officers is unavailable in Compras- Net, preventing us from linking these individuals to specific bids or directly obtaining their contact information. To reach these public servants, we employed an indirect and non-targeted dissemination strategy. MGI sent private messages with the link to the survey to all users of the Procurement Portal of the Federal Government (Portal de Compras do Governo Federal) — an intranet for public servants involved in public procurement. It is important to note that every individual with access to the portal, regardless of their procurement role, received an invitation to participate in the survey. Consequently, we received responses to the survey from a wide range of procurement officers, including those originally targeted as well as others not in our target population, such as contract managers and homologators, has become mandatory since 2019.

Information on procurement managers and planning officers is unavailable in Compras- Net, preventing us from linking these individuals to specific bids or directly obtaining their contact information. To reach these public servants, we employed an indirect and non- targeted dissemination strategy. MGI sent private messages with the link to the survey to all users of the Procurement Portal of the Federal Government (Portal de Compras do Governo Federal)—an intranet for public servants involved in public procurement. It is important to note that every individual with access to the portal, regardless of their procurement role, received an invitation to participate in the survey. Consequently, we received responses to the survey from a wide range of procurement officers, including those originally targeted as well as others not in our target population, such as contract managers and homologators.

Mode of data collection

Internet [int]

Research instrument

The survey consists of eight modules, along with an additional section including socioeconomic and demographic questions. 1. Respondents’ trajectory in the public sector, and measures tenure, experience with procurement, and task-time allocation. 2. Motivation for their job, perceptions about task significance, and motivation with public service in general. 3. Job satisfaction, including with salary, manager and peers. 4. Personality traits (Big-5) and risk-taking behaviors. 5. Perception of procurement performance as important for advancing their careers in the public sector. 6. "Red tape" (perceptions and experience with rules). 7. Procurement practices at organizational level. 8. Respondents’ perceptions of their influence on procurement outcomes, including the prices paid and the quality of products purchased.

Questionnaires in Portuguese (original language) and English are provided as attachments.

Cleaning operations

The data has been processed to remove any identifying information, including names and email voluntary informed by respondents. We have also recoded the variable for purchasing unit to only identify those with at least 10 respondents; the remaining are pooled as "other".

The full sample in this catalog contains 1,334 respondents and include a subsample of late respondents not used in the report attached. Observations used in the report are coded as "1" in the variable "Wave".

According to a survey conducted in summer 2018, the leading aspect enterprises consider in the procurement and purchase of materials, goods and services is to ensure the quality of the procured goods. Despite an increasing importance of sustainability in Japanese businesses, promoting sustainable (CSR conform) procurement and adhering to corporate compliance falls behind involving the profitability of business operation.

International Purchasing Market Outlook

The global market size for international purchasing was valued at approximately $2.5 trillion in 2023 and is expected to reach about $4.8 trillion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.1% over the forecast period. This growth is driven by the increasing globalization of supply chains, advancements in technology, and the rising importance of cost efficiency and strategic sourcing in various industries.

One of the key growth factors for the international purchasing market is the expanding globalization of supply chains. As companies continue to expand their operations globally, there is a higher demand for efficient and cost-effective purchasing solutions. This necessitates the need for sophisticated international purchasing systems and processes that can handle complex logistics, regulatory compliance, and diverse supplier bases. Furthermore, the rise in international trade agreements and alliances has facilitated smoother cross-border transactions, enhancing the attractiveness of international purchasing.

Technological advancements also play a significant role in driving the market. The integration of advanced technologies like artificial intelligence (AI), blockchain, and big data analytics into international purchasing processes has revolutionized the way companies manage their procurement activities. These technologies provide enhanced transparency, real-time data analysis, and improved risk management capabilities, which are crucial for making informed purchasing decisions. Additionally, the adoption of cloud-based solutions has made it easier for businesses to streamline their procurement processes, leading to increased efficiency and cost savings.

The growing importance of cost efficiency and strategic sourcing is another major factor contributing to the market's growth. Companies are increasingly focusing on optimizing their procurement strategies to reduce costs and improve their bottom lines. International purchasing allows organizations to source goods and services from regions where they are more cost-effective, thus providing a competitive advantage. Moreover, strategic sourcing enables companies to build strong relationships with reliable suppliers, ensuring a steady supply of quality products and services while minimizing risks associated with supply chain disruptions.

From a regional perspective, the Asia Pacific region is expected to witness significant growth in the international purchasing market. The region's rapidly expanding manufacturing sector, coupled with increasing investments in infrastructure and technological advancements, is driving the demand for efficient purchasing solutions. Additionally, countries like China and India are becoming major hubs for international trade, further boosting the market's growth. Other regions, such as North America and Europe, are also experiencing steady growth due to the presence of well-established industries and the increasing adoption of advanced procurement technologies.

Component Analysis

The international purchasing market can be segmented by components into software and services. The software segment includes various procurement management systems, supplier management tools, and analytics platforms that facilitate the purchasing process. These software solutions are designed to streamline procurement activities, enhance visibility into supply chains, and improve decision-making through advanced analytics. The increasing adoption of cloud-based procurement software is a significant trend in this segment, as it offers scalability, flexibility, and cost-effectiveness.

The services segment encompasses a wide range of offerings, including consulting, implementation, training, and support services. These services are crucial for the successful deployment and utilization of procurement software solutions. Consulting services help organizations develop effective procurement strategies, while implementation services ensure the seamless integration of software solutions into existing systems. Training services provide the necessary skills and knowledge to procurement professionals, enabling them to leverage the full potential of the software solutions. Support services offer ongoing assistance to address any technical issues and ensure the smooth functioning of procurement systems.

Software solutions are increasingly being integrated with advanced technologies such as artificial intelligence and blockchain. AI-powered procurement software can analyze vast amounts of data to identify tren

These are the replication materials for the article: data files, along with a STATA do-file for all Tables and Figures.

Procurement Software Market Outlook

The global procurement software market size was valued at approximately USD 5.4 billion in 2023 and is projected to reach USD 12.6 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.7% during the forecast period. The primary growth factor driving the market is the increasing need for organizations to streamline procurement processes and improve operational efficiencies.

One of the major growth factors for the procurement software market is the rising adoption of digital solutions across various industry verticals. As companies in sectors such as retail, healthcare, and manufacturing aim to optimize their supply chain and procurement processes, the demand for procurement software has surged. The software helps organizations to automate and manage procurement tasks, including sourcing, order placement, and payment, which leads to cost savings and enhanced productivity.

Another significant driver is the growing importance of data analytics in procurement operations. Modern procurement software is equipped with advanced analytics capabilities that provide actionable insights into spending patterns, supplier performance, and market trends. These insights enable companies to make more informed decisions, manage risks better, and negotiate favorable terms with suppliers. The ability to harness data for strategic procurement decisions is becoming increasingly critical, thereby fueling the market growth.

The shift towards cloud-based solutions is also contributing to the market expansion. Cloud-based procurement software offers several advantages, such as reduced upfront costs, scalability, and ease of integration with other enterprise systems. Small and medium enterprises (SMEs), in particular, are increasingly adopting cloud-based solutions to leverage these benefits and enhance their procurement functions. This trend is expected to continue, further propelling the market growth over the forecast period.

Procure-to-Pay Outsourcing is becoming an increasingly popular strategy among businesses looking to enhance their procurement processes. By outsourcing the procure-to-pay cycle, companies can focus on their core competencies while leveraging the expertise of specialized service providers. This approach not only helps in reducing operational costs but also ensures compliance with procurement policies and regulations. Service providers offer end-to-end solutions that cover everything from requisition to payment, providing businesses with a streamlined and efficient procurement process. As organizations continue to seek ways to optimize their procurement functions, the demand for procure-to-pay outsourcing services is expected to grow significantly.

Regionally, North America holds a significant share of the procurement software market, driven by the presence of numerous large enterprises and advanced IT infrastructure. However, the Asia Pacific region is expected to witness the highest growth rate due to the rapid digital transformation and increasing adoption of procurement software by SMEs in countries like China and India. Europe also represents a substantial market owing to stringent regulatory requirements and the need for efficient procurement processes.

Deployment Mode Analysis

The procurement software market can be segmented by deployment mode into on-premises and cloud-based solutions. On-premises procurement software involves installing the software on the company's own servers and infrastructure. This deployment mode is favored by large enterprises that have the resources to manage and maintain their IT infrastructure. On-premises solutions offer greater control, customization, and security, which are critical for organizations handling sensitive procurement data. However, the high initial costs and ongoing maintenance expenses can be a deterrent for some companies.

On the other hand, cloud-based procurement software is gaining traction due to its numerous benefits. Cloud solutions are hosted on the vendor's servers and accessed via the internet, which means lower initial investment and reduced IT overhead for the user. The scalability of cloud-based solutions allows companies to easily adjust their software usage according to their needs, making it an attractive option for SMEs. Moreover, cloud-based procurement software facilitates easy updates and integration with other cloud services, enhancing overall efficiency.

According to a survey conducted in summer 2018, the leading aspect small and medium enterprises consider in the procurement and purchase of materials, goods and services was to ensure the quality of the procured goods. Despite an increasing importance of sustainability in Japanese businesses, only one in four enterprises of all sizes named the promotion sustainable (CSR conform) procurement and adhering to corporate compliance an important aspect.

The Procurement Consulting Services market plays a crucial role in enhancing the efficiency and effectiveness of organizations' purchasing practices. As businesses increasingly recognize the importance of solid procurement strategies, the demand for consulting services has surged. These services help companies strea

The size of the Procurement Analytics Market was valued at USD 57.21 Billion in 2023 and is projected to reach USD 415.42 Billion by 2032, with an expected CAGR of 32.74% during the forecast period. Currently, a strong development occurs in the Procurement Analytics Market, driven mostly by organizations seeking advanced tools for procurement process optimization, cost reduction, and improvement in decision-making. It basically works on deriving important data-driven insights that will help in improved management of suppliers, simplify managing procurement, and perhaps yield better contract compliance. Companies have been employing analytics as a tool to give them an edge by making decisions based on data as global supply chains are getting more complex. In other words, most organizations say that their main drivers include the increase in the cost-optimization promises, the real-time data visibility needs, and the utilization of growth technologies such as artificial intelligence (AI) and machine learning (ML) in their procurement processes. They use analytics predictions to improve the effective efficiency in forecasted needs, manage supplier relations, and alleviate any procurement-related risks. Recent developments include: Multinational business process outsourcing company WNS announced in 2022 that it had acquired The Smart Cube, an AI and analytics company with a supply chain and procurement focus, as well as OptiBuy, a global consultancy with a focus on procurement management. The company hopes to improve its expertise and products in high-end procurement and sophisticated analytics with this purchase., The Smart Cube was purchased by WNS for around $125 million. According to the business, the acquisition will boost WNS' net income by almost $9 million in FY2023. On the other side, OptiBuy was purchased for $30 million. According to reports, the acquisition is anticipated to boost WNS' net revenue by around $2 million in FY2023. Additionally, WNS has used a combination of cash and £83 million in debt to pay for the upfront payments for these purchases., Procure Analytics ("PA"), the top data-enabled group purchasing company, will introduce Amicus Spend Management, its tail expenditure sourcing and acquiring service, in 2022. When procurement executives are unable to easily oversee one-time and recurring purchases from favoured vendors, Amicus is launched. Amicus enables PA members to lower total procurement costs without increasing internal labour, administration costs, or commercial obligations by providing on-demand access to knowledgeable sourcing professionals and the flexibility to transact through a single supplier., . Key drivers for this market are: Cost Optimization Digital Transformation Real-Time Data Access. Potential restraints include: Data Security and Privacy Concerns Complex Integration High Implementation Costs. Notable trends are: Cloud-Based Procurement Analytics Predictive Analytics for Demand Forecasting Automation and Robotic Process Automation.

Percentage of enterprises for which specific reasons for purchasing goods or services from unaffiliated foreign businesses were not at all important, somewhat important, important, very important or not applicable, by North American Industry Classification System (NAICS) code and enterprise size, based on a one-year observation period. Reasons for purchasing goods or services from unaffiliated foreign businesses include reduced labour costs, reduced costs other than labour costs, better quality goods or services, no suppliers available in Canada, reduced delivery times, increased access to supply chains or regional trade networks, access to specialized knowledge or technologies, tax or other financial incentives, lack of available labour in Canada, and other reasons for purchasing goods or services from an unaffiliated business outside Canada. Estimates refer to fiscal year 2017 (end date falling after January 1, 2017 and on or before December 31, 2017).

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Procurement Outsourcing Market - 2021-2025

The procurement outsourcing market size is expected to reach a value of USD 5.03 billion, at a CAGR of 15.53% during 2021-2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as the need to adhere to regulatory guidelines and ensure compliance is projected to significantly support market growth during the forecast period. View our sample report for insights on the latest trends and challenges that will have a far-reaching effect on the market growth.

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Procurement Outsourcing Market Segments

Navigate through market segmentation by geography (North America, Europe, APAC, South America, and MEA), end-user (BFSI, manufacturing, retail, IT and telecom, and others), and industry type (large enterprises and SMEs) in this procurement outsourcing market report to pursue growth opportunities.

Get actionable insights on the procurement outsourcing market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. Want a thorough qualitative and quantitative analysis on the post-pandemic procurement outsourcing market predictions on-demand changes for 2021-2025? You can buy the report now with one easy click.

Procurement Outsourcing Market Vendors and Competitive Analysis

    The procurement outsourcing market is fragmented and the vendors are deploying organic and inorganic growth strategies to gain a competitive advantage. Find out about other well-thought-out business planning approaches of key players from our sample report.

    The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

    Buy the full procurement outsourcing market forecast report for detailed insights on complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Procurement Outsourcing Market - Region Opportunities 2021-2025

43% of the procurement outsourcing market growth will originate from North America during the forecast period. The US and Canada are the key markets for the procurement outsourcing market in North America. To unlock exclusive information on potential business locations and understand the demographics of current and prospective customers buy the report now!

North America has been exhibiting a significant growth rate for procurement outsourcing market vendors. Factors such as the strong presence and penetration of top vendors are accelerating the procurement outsourcing market growth in North America. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.

The procurement outsourcing market share growth in North America will be slower than the growth of the market in APAC and South America. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Procurement Outsourcing Market Insights by End-user

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The procurement outsourcing market share growth by the BFSI segment will be significant during the forecast period. The BFSI segment includes banking, insurance, accounting, and all other financial institutions. The rise in the digitization of core processes and the generation of a considerable amount of data across the sector are the primary factors driving the growth of the BFSI market segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the procurement outsourcing market size.

From the procurement outsourcing market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentation will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on e

Importance of motivation factors for international sourcing by economic activity - collection round 2007 - experimental statistics

A subset of Tenders Electronic Daily (TED) data covering public procurement for the European Union and beyond from 2006-01-01 to 2023-12-31 in comma separated value (CSV) format. This data includes the most important fields from the contract notice and contract award notice standard forms, such as who bought what from whom, for how much, and which procedure and award criteria were used.

Generally, the data consists of tenders above the procurement thresholds. However, publishing below threshold tenders in TED is considered good practice, and thus a non-negligible number of below threshold tenders is present as well.

Please see the documentation below for important information on the data and its usage, including a version history of the export.

The European Commission is interested in the results of research on public procurement coming from the re-use of this data. Thus, we will be grateful to receive links to any papers, reports, or applications at GROW-G4@ec.europa.eu.

TED with broader coverage is also available in XML format at https://data.europa.eu/euodp/en/data/dataset/ted-1.

eForms

On 14 November 2022, the format of notices published in TED changed: the Publications Office displays both the current standard forms and eForms and makes them available for reuse. If you reuse TED data, your systems must be ready to process both types of notices. To help adapt your systems, you can find resources, models and schemas in the eForms Software Development Kit on GitHub (https://github.com/OP-TED/eForms-SDK/https://github.com/OP-TED/eForms-SDK/). Documentation is available on the Ted Developers Documentation site (https://docs.ted.europa.eu/), including eForms FAQs (https://docs.ted.europa.eu/home/FAQ/eforms.html).

The Procurement Agency Services market plays a crucial role in enhancing operational efficiencies across various industries by streamlining the procurement process. With businesses increasingly recognizing the significance of cost-effective sourcing and strategic supply chain management, procurement agencies have be

Supplier Relationship Management System Market Outlook

In 2023, the global supplier relationship management system market size was valued at USD 5.2 billion, and it is forecasted to reach approximately USD 11.9 billion by 2032, growing at a CAGR of 9.6% during the forecast period. The market's robust expansion is driven by the increasing need for businesses to streamline supplier interactions and enhance supply chain efficiencies.

One of the primary growth factors for this market is the rapid digital transformation across various industries. Enterprises are increasingly recognizing the importance of integrating advanced technologies to manage supplier relationships effectively. Digital tools and software solutions enable organizations to automate and optimize their procurement processes, leading to cost reductions and improved supplier performance. Furthermore, the growing adoption of cloud-based solutions offers scalability and flexibility, making it easier for companies of all sizes to implement supplier relationship management (SRM) systems.

Another significant driver is the rising importance of data analytics in decision-making processes. Companies are leveraging big data analytics to gain insights into supplier performance, risk management, and procurement strategies. This analytical approach helps businesses make informed decisions, ensuring they maintain strong relationships with their suppliers while mitigating potential risks. As the volume of data continues to grow, the demand for sophisticated SRM systems that can handle and analyze this data is expected to increase, further propelling market growth.

Additionally, the increasing focus on sustainability and ethical sourcing is contributing to the adoption of SRM systems. Organizations are under pressure to ensure that their suppliers adhere to environmental and social standards. SRM systems provide the tools needed to monitor and manage supplier compliance with these standards, helping businesses maintain their reputations and meet regulatory requirements. This trend is particularly prominent in industries such as manufacturing, retail, and healthcare, where supply chain transparency is critical.

Regionally, North America holds a significant share of the SRM market, driven by the presence of major technology providers and early adopters of advanced procurement solutions. The Asia Pacific region is expected to exhibit the highest growth rate during the forecast period, fueled by the rapid industrialization and increasing investments in digital infrastructure in countries like China and India. Europe also presents substantial growth opportunities, supported by stringent regulatory frameworks and a strong focus on sustainable sourcing practices.

Component Analysis

The supplier relationship management system market is segmented into software and services based on components. The software segment dominates the market due to the increasing demand for advanced tools that streamline supplier management processes. These software solutions offer modules for supplier information management, risk management, performance analysis, and procurement analytics. The integration of artificial intelligence and machine learning technologies in SRM software is further enhancing its capabilities, enabling predictive analytics and automated decision-making.

On the other hand, the services segment includes implementation, consulting, and support services. These services are crucial for the successful deployment and ongoing maintenance of SRM systems. As businesses seek to maximize the benefits of their SRM investments, the demand for specialized consulting services is on the rise. These services help organizations tailor the SRM solutions to their specific needs, ensuring optimal performance and alignment with business goals. Additionally, ongoing support services are essential for troubleshooting and updates, ensuring the SRM systems remain efficient and up-to-date.

The convergence of software and services is also giving rise to managed service offerings, where third-party providers take over the entire SRM function for businesses. This approach allows companies to focus on their core operations while leveraging the expertise and technology of specialized service providers. As the complexity of supplier management increases, the demand for comprehensive managed services is expected to grow, further boosting the services segment.

In terms of market share, the software segment is expected to continue its dominance, driven by continuous advanc

Enterprises by barriers considered for international sourcing, level of importance of barriers and NACE Rev.2 activity aggregate - experimental statistics

The Procurement Optimization Services market is a dynamic and essential segment that focuses on enhancing procurement processes to achieve cost savings, efficiency, and strategic advantage for businesses across various industries. As organizations increasingly recognize the importance of effective supply chain manag

Enterprises by motivation factors for international sourcing, level of importance of motivation factors and NACE Rev.2 activity aggregate - experimental statistics