As of January 2023, French consumers were the most concerned about the sustainability of home delivery, with 76 percent of them worried about its environmental impact. Consumers based in Belgium and Germany followed, with 72 and 71 percent, respectively.

Businesses are realigning supply chains around ESG initiatives to foster better sales, investment and consumer trust.

In 2021, approximately 27 percent of respondents in the United States (U.S.) stated that their main reason for purchasing products that are environmentally friendly or socially responsible is that they are better for the earth or environment. Moreover, 51 percent of U.S. respondents stated that their main reason was that such products are better for themselves or their families. By contrast, 45 percent of respondents in Brazil named the earth or environment as their main reason, while 35 percent mentioned themselves or their families.

Indicators of environmental protection requirements specified in the procurement notices published in procurement notices published in accordance with the Public Procurement Law (PIL), the Public Service Procuring Law (SPSIL), the Defence and Security Procurement Law (ADJIL) and the Public-Private Partnership Law (PPPL). Data on environmental requirements (from 2019 onwards) can be found in other series: Publication indicators of the Public Procurement Law and publications of the Public Service Providers Procurement Law.

According to a survey conducted among consumers in the United States, 80 percent of Millennial respondents said sustainability was a driving factor behind their purchasing decisions. Gen Z respondents driven by sustainability amounted to 66 percent.

Public procurement has recently taken into account social and sustainable factors, increasing academic literature in this field. The aim of this paper is to map the intellectual structure of social and sustainable public procurement research by means of delimiting the scientific domain’s research traditions, its disciplinary composition, and influential research topics. Given that there is a literature gap in bibliometric studies applied to this field, we conducted a co-citation analysis to identify the intellectual structure of this area of knowledge. Co-citation analyses identify networks of interconnections and, consequently, detect the most (and the least) active research areas, being a good complement to traditional literature reviews. This article contributes to science development because it is the first paper to carry out a bibliometric analysis in the field of social and sustainable public procurement, as well as the first one to conduct a co-citation analysis among public procurement research. Consequently, it is also the first article to detect which papers have become burst in this research field. The results show twelve different clusters of publications that were cited by researchers who wrote papers on social and sustainable public procurement. In other words, the sources of knowledge that scholars used as references are analysed, identifying papers that can be considered turning points, as well as those that became specially cited over a discrete period of time. Six different research trends were identified over the last decade in regard to social and sustainable public procurement research. The conclusions highlight the relevance of the findings, especially because they provide guidance to researchers when conducting literature reviews, given that the most significant journals and papers are identified.

With consumers placing increasing importance on companies’ environmental credentials, what are UK retailers doing to make their operations more sustainable?

Learn how industry research empowers businesses to turn sustainability challenges into opportunities, driving growth, efficiency and lasting impact.

Rotterdam Sustainable Procurement Profile. Rotterdam (NL)

The Procurement Analysis Tool (PAT) was developed at NREL to help organizations explore renewable energy options that align with their goals. Users input facility data and answer goal-oriented questions. PAT analyzes this information to identify potential wind, solar, or storage resources and suitable procurement options (PPA, Green Tariffs) that align with their budget, location, and sustainability goals. For more information see the "Procurement Analysis Tool" resource below. The Renewable Electricity Procurement Options Data (RE-POD) was an aggregated dataset meant to help local jurisdictions and utility customers within those jurisdictions understand the options that may be available to them to procure renewable electricity or renewable energy credits to meet energy goals. RE-POD has been discontinued and replaced with the PAT. This data is part of a suite of state and local energy profile data available at the "State and Local Energy Profile Data Suite" link below and builds on Cities-LEAP energy modeling, available at the "EERE Cities-LEAP Page" link below. Examples of how to use the data to inform energy planning can be found at the "Example Uses" link below.

In 2022, 45 percent of the Polish population did not purchase or encounter sustainable products and services. Twenty-six percent purchased sustainable products and services once or several times a week.

The Departmental Sustainable Development Strategy (DSDS) for Public Services and Procurement Canada provides information on commitments and performance expectations made in response to the most recent Federal Sustainable Development Strategy (FSDS).

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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

This dataset reflects EPA Victoria's waste management, energy consumption, water consumption, paper use, transport, sustainable procurement and greenhouse gas emissions for the 2013-14 financial year. Tables are published EPA Victoria's 2013-14 Annual Report.

This dataset simulates procurement and supply chain data for strategic decision-making using the Kraljic Matrix, a framework to classify products/services based on supply risk and profit impact. It includes realistic biases and patterns to mimic real-world procurement scenarios, such as supplier dependencies, geopolitical risks, and sustainability challenges.

Dataset Details

• Instances: 1,000 synthetic procurement items.
• Features: 11 columns (mix of categorical, numerical, and ordinal data).
• File: realistic_kraljic_dataset.csv

Key Features

Real-World Biases:

• Strategic Items (e.g., lithium batteries) have high costs, long lead times, and high single-source risk.
• Bottleneck Items (e.g., rare earth metals) are concentrated in limited regions with high supply risk.
• Leverage Items (e.g., steel beams) have high order volumes and low supply risk.
• Non-Critical Items (e.g., office supplies) have low costs and high order volumes.

Risk Scores:

• Scores (1–5) for supply risk, profit impact, and environmental impact are calibrated to reflect real procurement challenges.

Geopolitical Clustering:

• Strategic items are often sourced from geopolitically volatile regions (e.g., Asia, Africa).

Potential Use Cases

• Segmentation Analysis: Classify products into Kraljic quadrants.
• Risk Assessment: Identify high-risk items (e.g., single-source dependencies).
• Sustainability Analysis: Correlate environmental impact with supply risk.
• Predictive Modeling: Train models to auto-classify procurement items.

Growing consumer preference for sustainable and original fashion are causing a boon in online clothing retail.

According to a 2024 survey conducted among Australian consumers, around ** percent of respondents said concerns surrounding the impact of environmental changes on wildlife and nature were a key motivation for sustainable purchasing. Preserving the environment for future generations was also a prevalent incentive to shop sustainably among those surveyed.  Barriers and incentives to sustainable shopping Despite rising awareness and desire to make environmentally friendly and ethical choices, over ** percent of Australian consumers surveyed in March 2024 reported that high price tags of ‘green’ product alternatives were the main obstacle to adopting a more sustainable lifestyle. Price incentives, for example, discounts and rebates, were suggested by respondents to be an effective factor in boosting sustainable shopping activities. To further encourage eco-friendly purchasing habits, over ** percent of those surveyed indicated that clear and transparent product labeling would be motivating, likely due to consumers’ growing distrust of Australian businesses’ green claims. How do eco-friendly habits among Australians vary? The commitment to sustainability varies across age groups, with Australian consumers aged 18 to 24 years being the most likely to consider sustainability in their purchase decisions. In contrast, those 55 years and over were least likely to prioritize sustainability when shopping. When it comes to product types, paper products saw the highest frequency of environmentally friendly purchases across shopping categories, with around half of respondents always or often buying eco-friendly alternatives. Fashion and footwear, on the other hand, had the lowest frequency of sustainable purchases across the categories represented.

Spend Analysis: Offers visibility into spend data, enabling businesses to identify cost-saving opportunities and optimize procurement strategies. E-Sourcing: Automates the supplier selection process, facilitating transparent bidding and negotiations. E-Procurement: Streamlines the ordering and purchasing process, reducing manual work and improving accuracy. Contract Management: Manages contracts throughout their lifecycle, ensuring compliance and reducing risk. Supplier Management: Provides tools to assess and manage supplier performance, foster collaboration, and mitigate supply chain disruptions.

Driving Forces: What's Propelling the Procurement Software Market

Cost Optimization: Procurement Software helps businesses reduce procurement costs through automated processes, improved supplier management, and data-driven decision-making. Efficiency and Productivity Gains: Automation and streamlined processes enable businesses to save time, reduce errors, and increase productivity. Compliance and Risk Management: Procurement Software ensures compliance with regulations, improves transparency, and reduces risk by managing supplier performance and contracts. Visibility and Control: Provides real-time visibility into procurement data, enabling businesses to monitor spending, track performance, and make informed decisions. Improved Supplier Relationships: Facilitates collaboration with suppliers, allowing businesses to strengthen partnerships and improve supply chain resilience.

Challenges and Restraints in Procurement Software Market

Vendor Lock-In: Businesses can face challenges transitioning between different Procurement Software providers due to proprietary systems and data integration. Data Quality and Integration: Integration with other business systems and maintaining data quality can be complex and time-consuming. Lack of Skilled Resources: Implementing and managing Procurement Software requires skilled professionals, which can be a challenge for some organizations. Resistance to Change: Changing established procurement processes can encounter resistance from employees, requiring effective change management strategies.

Emerging Trends in Procurement Software Market

Integration with Digital Procurement Networks: Partnerships with digital procurement networks expand supplier reach and enable businesses to access new products and services. Blockchain for Transparency and Trust: Blockchain technology is gaining traction for secure and transparent supply chain management. AI-Powered Predictive Analytics: AI helps predict market trends, identify supply chain risks, and optimize procurement decisions. Sustainability-Focused Procurement: Procurement Software is integrating features to track and improve environmental and social impact. Subscription-Based Pricing Models: Software vendors are increasingly offering subscription-based pricing models, providing flexibility and scalability for businesses.

Growth Catalysts in Procurement Software Industry

Growing Complexity of Supply Chains: Globalized and complex supply chains make Procurement Software a necessity for managing risk and optimizing processes. Increasing Regulatory Scrutiny: Stringent regulations on procurement practices and supply chain transparency drive demand for compliance-enhancing solutions. Digitalization of Business Processes: The digital transformation of businesses accelerates the adoption of Procurement Software. Expansion into Emerging Markets: Growing economies in emerging markets create new opportunities for Procurement Software vendors.

Key Companies in the Procurement Software Market Include

Coupa Software SAP Ariba Oracle Procurement Cloud Jaggaer Ivalua GEP SMART Zycus Basware SynerTrade Proactis Determine Tradeshift

Recent Developments in Procurement Software

**Coupa acquires Approved]() **SAP expands its Business Network]() **Ariba introduces new sustainability features]() **Oracle integrates AI into its Procurement Cloud]() **Jaggaer launches new Supplier Relationship Management solution]()

Comprehensive Coverage Procurement Software Market Report This report provides comprehensive coverage of the Procurement Software market, including:

Market Sizing and Forecast Segmentation by Deployment, Software Type, Organization Size, and Vertical Competitive Landscape and Vendor Analysis Market Dynamics, Trends, and Challenges Growth Catalysts and Future Outlook Key Company Profiles and Case Studies Key drivers for this market are: Growing need for cost optimization

Digital transformation initiatives

Increasing adoption of AI and ML

Focus on improving supplier relationships

Government regulations promoting transparency and accountability. Potential restraints include: Data privacy and security concerns

Complexity of implementation

Integration with legacy systems

Skilled labor shortage. Notable trends are: Predictive analytics and forecasting

Blockchain technology for secure and transparent transactions

Supply chain visibility to mitigate risk

Cognitive procurement assistants to automate decision-making

Subscription-based pricing models.

Introduction

Sustainable Packaging Usage Statistics: Sustainability is having a significant transformation around the companies, including the packaging of products, as highlighted by the key Sustainable Packaging Usage Statistics. The companies are taking over to meet the customer's demand and the regular requirement, recognizing that the material and the process they choose will constantly impact their business's and the environment's success. This transformation in buying habits on a big scale is driven by increased awareness of the environment that global movements, documents, and social media have fueled.

Easy access to the data has helped customers make more choices, especially Gen Z and Millennials, who prioritize sustainability more than previous generations. The owners of the business and the professionals in the procurement or the packaging field must know the sustainability and the impact of the same on their brand. The alignment with the evolving expectations is essential for maintaining the relevance of the market and increasing the brand's loyalty.

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