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

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.

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

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.

A study conducted between 2023 and 2024 revealed that younger consumers are more concerned about the sustainability of their online purchases with home delivery. Approximately ***** in ten shoppers aged 18-24 expressed concern about this aspect of their shopping, compared to less than **** of respondents aged 55 and older.

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.

Green Procurement Platform Market Outlook

According to our latest research, the global Green Procurement Platform market size reached USD 4.12 billion in 2024, reflecting a robust demand for sustainable sourcing solutions across industries. The market is projected to expand at a CAGR of 13.6% from 2025 to 2033, reaching an estimated USD 13.32 billion by 2033. This remarkable growth is primarily driven by increasing environmental regulations, rising corporate sustainability initiatives, and the growing adoption of digital procurement technologies. As organizations worldwide strive to minimize their environmental footprint, the integration of green procurement platforms is becoming a strategic imperative to ensure responsible sourcing and supplier management.

One of the primary growth factors fueling the expansion of the Green Procurement Platform market is the intensification of global environmental regulations and sustainability mandates. Governments and regulatory bodies across the world are implementing stricter guidelines to promote eco-friendly procurement practices, compelling organizations to adopt platforms that facilitate compliance and transparency. These platforms enable businesses to monitor supplier sustainability credentials, analyze lifecycle impacts, and ensure adherence to international standards such as ISO 14001 and the Global Reporting Initiative (GRI). The increasing pressure to align procurement operations with ESG (Environmental, Social, and Governance) criteria has made green procurement platforms an essential tool for organizations seeking to avoid regulatory penalties and maintain their social license to operate.

Another significant driver is the growing corporate emphasis on sustainable supply chain management. As stakeholders, including investors, customers, and employees, demand greater accountability for environmental performance, companies are leveraging green procurement platforms to embed sustainability into their sourcing decisions. These platforms offer advanced analytics, supplier scorecards, and automated risk assessments, enabling organizations to identify and collaborate with environmentally responsible vendors. The ability to track and report on the sustainability performance of suppliers not only enhances brand reputation but also yields cost savings through resource efficiency and waste reduction. Consequently, the adoption of green procurement solutions is accelerating across sectors such as manufacturing, healthcare, retail, and energy.

Technological advancements and digital transformation are further accelerating the adoption of green procurement platforms. The integration of artificial intelligence, blockchain, and cloud computing into procurement processes has revolutionized the way organizations manage supplier relationships and sustainability data. Cloud-based platforms offer scalability, real-time collaboration, and seamless integration with existing enterprise systems, making green procurement accessible to organizations of all sizes. Additionally, the rise of data-driven decision-making allows companies to proactively identify environmental risks, optimize purchasing strategies, and drive continuous improvement in their sustainability initiatives. These technological innovations are expected to be pivotal in shaping the future landscape of the Green Procurement Platform market.

From a regional perspective, North America and Europe are leading the adoption of green procurement platforms, driven by stringent regulatory frameworks and a mature corporate sustainability culture. However, the Asia Pacific region is emerging as a high-growth market, fueled by rapid industrialization, increasing environmental awareness, and supportive government policies. Latin America and the Middle East & Africa are also witnessing steady growth, albeit at a slower pace, as organizations in these regions recognize the long-term value of sustainable procurement. Overall, the global market is poised for significant expansion as the imperative for responsible sourcing becomes a universal business priority.

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.

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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

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.

Public institution and Public Procurement Service green purchase amount, registered product statistics (2001-2023 / Public institution purchase amount (KRW 100 million), Public Procurement Service purchase amount (KRW 100 million), number of registered products (case))

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.

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

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.

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.

Strategic Sourcing Software Market Outlook

The global strategic sourcing software market size was valued at approximately USD 4.5 billion in 2023 and is projected to reach USD 9.2 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.2% during the forecast period. The growth of this market is driven by the increasing demand for efficient supplier management processes and cost reduction strategies across various industries. As businesses strive to optimize their procurement processes and supplier relationships, strategic sourcing software has emerged as a pivotal tool in enabling organizations to manage supplier data, contracts, and performance effectively, thereby enhancing overall operational efficiency and competitive advantage.

One of the primary growth factors driving the strategic sourcing software market is the rising complexity of supply chains in the globalized economy. Organizations are increasingly seeking sophisticated solutions to manage multiple suppliers across different geographies, which has led to heightened demand for software that can streamline supplier selection, evaluation, and management processes. Moreover, the increasing emphasis on sustainable and ethical sourcing practices is propelling the adoption of strategic sourcing software, as companies aim to ensure compliance with environmental and social governance (ESG) criteria. This software aids in tracking supplier compliance with sustainability standards, thus bolstering its appeal in the market.

Another significant contributor to the growth of the strategic sourcing software market is the digital transformation initiatives being undertaken by organizations worldwide. As companies look to leverage technology to drive procurement efficiencies, there is a shift towards adopting cloud-based solutions that offer scalability and real-time analytics capabilities. Cloud-based strategic sourcing software allows organizations to make data-driven decisions, improve supplier collaboration, and enhance transparency across the procurement lifecycle. Additionally, the integration of advanced technologies such as artificial intelligence (AI) and machine learning (ML) within these software solutions is expected to unlock new opportunities for enhanced supplier insights and predictive analytics, further stimulating market growth.

The increasing adoption of strategic sourcing software in various end-user industries is another vital factor propelling market expansion. Industries such as retail, manufacturing, healthcare, and BFSI are recognizing the value of robust sourcing solutions in driving cost efficiencies, minimizing supply chain disruptions, and enhancing supplier performance. In the healthcare sector, for example, strategic sourcing software is being leveraged to manage complex supplier networks and optimize procurement cycles, ensuring timely availability of critical medical supplies. Similarly, in the BFSI sector, strategic sourcing solutions help in managing vendor risks and ensuring compliance with regulatory requirements. This growing cross-industry adoption underscores the wide-ranging applicability and benefits of strategic sourcing software.

In the realm of procurement, the significance of Purchasing Software cannot be overstated. As organizations strive to streamline their buying processes and enhance operational efficiency, purchasing software emerges as a critical component in achieving these objectives. This software facilitates the automation of purchase orders, supplier interactions, and invoice management, thereby reducing manual errors and accelerating procurement cycles. Moreover, purchasing software provides valuable insights into spending patterns and supplier performance, enabling companies to make informed purchasing decisions and negotiate better terms. As businesses continue to prioritize cost control and process optimization, the adoption of purchasing software is expected to rise, further driving the strategic sourcing software market.

Component Analysis

The strategic sourcing software market is segmented by components into software and services. The software segment comprises standalone solutions as well as integrated suites that offer functionalities such as supplier management, contract management, spend analysis, and more. These software solutions are increasingly being favored due to their ability to automate and optimize procurement processes, thereby reducing operational costs and improving supplier relationships. The integration of AI and ML technologies within these

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