This dataset contains Hospital Supplier Diversity Plans.

As outlined in Health and Safety Code Section 1339.85-1339.87, licensed hospitals with operating expenses of fifty million dollars ($50,000,000) or more, and each licensed hospital with operating expenses of twenty-five million dollars ($25,000,000) or more that is part of a hospital system, shall submit an annual report to the department on its minority, women, LGBT, and disabled veteran business enterprise procurement efforts during the previous year.

Details on reporting requirements can be found in Section 1339.87.

For more on Hospital Supplier Diversity Plans.

Data notes: The information contained in a hospital’s plan on minority, women, LGBT, and disabled veteran business enterprises is provided for informational purposes only.

Suppliers are not required to disclose the above information to hospitals, and therefore not all diverse spending will be accurately identified.

Supplier Diversity Data Platforms Market Outlook

According to our latest research, the global Supplier Diversity Data Platforms market size stood at USD 3.85 billion in 2024, reflecting robust expansion fueled by the increasing emphasis on inclusive procurement and regulatory compliance worldwide. The market is projected to reach USD 11.72 billion by 2033, growing at a compelling CAGR of 13.2% during the forecast period. The principal growth driver for this sector is the heightened demand for data-driven solutions that enable organizations to track, manage, and optimize their supplier diversity programs in line with evolving ESG mandates and stakeholder expectations.

One of the primary factors propelling the growth of the Supplier Diversity Data Platforms market is the rising corporate and governmental focus on diversity, equity, and inclusion (DEI) initiatives. Organizations across sectors are increasingly recognizing that a diverse supplier base not only enhances innovation and competitiveness but also aligns with broader social responsibility goals. The proliferation of supplier diversity mandates, especially in North America and Europe, has made it imperative for enterprises to adopt advanced data platforms that can seamlessly aggregate, analyze, and report on supplier diversity metrics. These platforms empower procurement teams to identify gaps, benchmark performance, and ensure compliance with both internal policies and external regulations, thereby driving widespread adoption.

Another significant growth catalyst is the technological evolution within the procurement and supply chain management landscape. The integration of artificial intelligence (AI), machine learning, and advanced analytics into supplier diversity data platforms has transformed how organizations approach supplier management. Modern platforms offer real-time dashboards, predictive analytics, and automated reporting capabilities, enabling businesses to make informed decisions and proactively mitigate risks associated with non-diverse suppliers. Furthermore, the shift toward cloud-based solutions has democratized access to these platforms, allowing small and medium enterprises (SMEs) to implement scalable and cost-effective supplier diversity initiatives that were previously the domain of large corporations.

Regulatory developments and stakeholder pressures are further intensifying the need for robust supplier diversity data platforms. Governments and industry bodies are increasingly mandating transparent reporting on supplier diversity as part of ESG disclosures and procurement contracts. Failure to comply can result in financial penalties, reputational damage, and lost business opportunities. As a result, organizations are investing in sophisticated platforms that not only streamline data collection and analysis but also facilitate seamless integration with existing enterprise resource planning (ERP) and procurement systems. This regulatory-driven demand is expected to sustain the momentum of the supplier diversity data platforms market over the next decade.

Regionally, North America continues to dominate the supplier diversity data platforms market, accounting for over 45% of global revenue in 2024. This leadership is attributed to the region’s mature regulatory environment, strong corporate governance practices, and a high concentration of Fortune 500 companies with established supplier diversity programs. Europe follows closely, driven by stringent ESG frameworks and the expansion of DEI initiatives across the public and private sectors. Meanwhile, Asia Pacific is emerging as a high-growth market, propelled by increasing digitalization and the adoption of global procurement standards among multinational corporations. Latin America and the Middle East & Africa are also witnessing steady growth, albeit from a lower base, as awareness of supplier diversity’s strategic value continues to spread.

Component Analysis

The Supplier Diversity Data Platforms market is segmented by component into software and services, each playing a pivotal role in shaping the industry’s growth trajectory. Software solutions form the backbone of this market, providing the essential infrastructure for data aggregation, analytics, and reporting. Leading platforms offer robust features such as supplier onboarding, real-time diversity tracking, and customizable dashboards, enabling organizations to streamline their supplier management processes. The r

The Department of Administrative Services' Supplier Diversity Program certifies Connecticut-based small and minority business enterprises. This dashboard highlights trends in the program.

This dataset contains Hospital Supplier Diversity Plans. As outlined in Health and Safety Code Section 1339.85-1339.87, licensed hospitals with operating expenses of fifty million dollars ($50,000,000) or more, and each licensed hospital with operating expenses of twenty-five million dollars ($25,000,000) or more that is part of a hospital system, shall submit an annual report to the department on its minority, women, LGBT, and disabled veteran business enterprise procurement efforts during the previous year. Details on reporting requirements can be found in Section 1339.87. For more on Hospital Supplier Diversity Plans. Data notes: The information contained in a hospital’s plan on minority, women, LGBT, and disabled veteran business enterprises is provided for informational purposes only. Suppliers are not required to disclose the above information to hospitals, and therefore not all diverse spending will be accurately identified.

Supplier Diversity Data Platforms Market Outlook

According to our latest research, the global supplier diversity data platforms market size in 2024 stands at USD 3.1 billion, with a robust compound annual growth rate (CAGR) of 13.2% projected for the period 2025 to 2033. By the end of 2033, the market is forecasted to reach USD 9.1 billion, driven by the increasing emphasis on ESG (Environmental, Social, and Governance) compliance, regulatory requirements, and the growing demand for inclusive procurement practices. As per our latest research, the market is witnessing significant momentum due to rising corporate commitments toward supplier diversity and the vital role of data-driven platforms in measuring and optimizing diversity initiatives.

A primary growth factor for the supplier diversity data platforms market is the intensifying focus on corporate social responsibility (CSR) and ESG frameworks among global enterprises. Organizations are increasingly recognizing the business value of supplier diversity, not just as a compliance measure but as a strategic lever for innovation, risk mitigation, and market expansion. These platforms enable companies to identify, onboard, and manage diverse suppliers efficiently, while providing actionable analytics to track progress against diversity targets. The integration of advanced analytics, artificial intelligence, and machine learning within these platforms further enhances their capability to deliver meaningful insights, making them indispensable tools for procurement and supply chain leaders.

Another significant driver is the tightening of regulatory requirements and government mandates across various geographies, particularly in North America and Europe. Governments and industry bodies are mandating higher transparency and reporting standards for supplier diversity, compelling organizations to adopt sophisticated data platforms that can automate compliance management and reporting. The growing demand from sectors such as BFSI, healthcare, and manufacturing, where supplier diversity is closely linked to regulatory scrutiny and public perception, is accelerating market adoption. The ability of these platforms to streamline data collection, verification, and audit processes is especially critical in highly regulated industries, thus fueling further market growth.

The surge in digital transformation initiatives across enterprises is also playing a pivotal role in the expansion of the supplier diversity data platforms market. As companies modernize their procurement and supply chain operations, there is a marked shift toward cloud-based, scalable, and interoperable solutions that can seamlessly integrate with existing ERP and procurement systems. This digital evolution is lowering barriers to entry for small and medium enterprises (SMEs), enabling them to participate more actively in supplier diversity programs. Additionally, the rise of remote and hybrid work models post-pandemic has underscored the need for centralized, accessible, and secure platforms to manage supplier data and diversity initiatives across dispersed teams and locations.

From a regional perspective, North America continues to dominate the supplier diversity data platforms market, accounting for over 48% of the global revenue in 2024, followed by Europe and Asia Pacific. The United States, in particular, is leading the charge due to its mature regulatory environment, widespread adoption of supplier diversity programs, and the presence of major market players. Europe is witnessing accelerated growth, driven by increasing ESG mandates and corporate commitments to diversity and inclusion. Meanwhile, Asia Pacific is emerging as a high-growth region, fueled by multinational corporations expanding their supplier networks and the rising importance of diversity in public and private procurement. Latin America and the Middle East & Africa are also showing promising potential, albeit from a lower base, as local enterprises begin to align with global diversity standards.

Supplier Diversity Data Platforms Market Outlook

According to our latest research, the Global Supplier Diversity Data Platforms market size was valued at $1.2 billion in 2024 and is projected to reach $4.8 billion by 2033, expanding at a CAGR of 16.7% during the forecast period of 2025–2033. The primary factor driving this robust growth is the increasing emphasis on corporate social responsibility (CSR) and environmental, social, and governance (ESG) initiatives across global enterprises, particularly as organizations seek to foster inclusive supply chains and meet evolving regulatory requirements. The rising adoption of digital procurement solutions and the need for comprehensive analytics to track, report, and improve supplier diversity programs are further accelerating the market expansion, making supplier diversity data platforms a critical component of modern enterprise procurement strategies.

Regional Outlook

North America holds the largest share of the Supplier Diversity Data Platforms market, commanding over 40% of the global revenue in 2024. This dominance is attributed to the region's mature procurement technology landscape, strong regulatory frameworks supporting supplier diversity, and the presence of major multinational corporations with well-established diversity programs. The United States, in particular, has been at the forefront due to mandatory diversity reporting requirements for government contractors and significant investments by Fortune 500 companies in supplier diversity initiatives. Additionally, the proliferation of advanced analytics and cloud-based procurement solutions, coupled with a high awareness of social responsibility, has solidified North America’s leadership in this sector. The region's robust ecosystem of technology vendors and consulting partners further underpins its market strength, enabling organizations to implement, scale, and optimize their supplier diversity strategies effectively.

The Asia Pacific region is poised to be the fastest-growing market, projected to register a CAGR of 19.5% between 2025 and 2033. This rapid growth is driven by increasing globalization, expansion of multinational supply chains, and growing recognition of the business value of diversity and inclusion. Countries such as China, India, and Japan are witnessing heightened investments in digital procurement infrastructure, as organizations seek to align with international standards and attract global business partners. Government initiatives promoting SME participation in supply chains and the emergence of local supplier diversity regulations are also spurring demand for data-driven platforms. As regional enterprises mature in their procurement practices and global corporations expand their operations in Asia Pacific, the need for scalable, cloud-based supplier diversity data platforms is expected to surge, making this region a critical engine of future market growth.

Emerging economies in Latin America, the Middle East, and Africa are experiencing a gradual but steady adoption of supplier diversity data platforms. While these regions collectively account for a smaller share of the global market, there is increasing interest from both public and private sectors to drive inclusive economic growth through diverse supplier engagement. However, challenges such as limited digital infrastructure, fragmented supplier ecosystems, and varying levels of policy support can impede rapid adoption. Localized demand is often shaped by industry-specific needs, such as government procurement mandates in Brazil or localization requirements in the Gulf Cooperation Council (GCC) countries. As awareness of ESG and diversity benefits grows and international organizations expand into these regions, there is significant potential for supplier diversity data platform vendors to tailor their offerings to address unique regulatory, cultural, and technological landscapes.

Report Scope

In 2021, the annual Tier 1 diversity spend at State Street Corporation amounted to *** million U.S. dollars in the United States and in the United Kingdom. This was a ** percent increase compared to 2020. A new Tier 2 diverse spend program resulted in an additional ** million U.S. dollars on diversity spend in 2021.

Financial overview and grant giving statistics of Council for Supplier Diversity

In 2022, Truist Bank spent ***** million U.S. dollars with diverse suppliers, including approximately *** million U.S. dollars with minority-owned businesses, and ** million U.S. dollars with women-owned businesses. The annual diverse spend increased greatly between 2020 and 2022.

Supplier Diversity Analytics with AI Market Outlook

According to our latest research, the global Supplier Diversity Analytics with AI market size reached USD 1.21 billion in 2024, reflecting robust demand for advanced analytics and AI-driven supplier diversity solutions across industries. The market is poised to expand at a CAGR of 16.8% from 2025 to 2033, projecting a value of USD 5.04 billion by 2033. This strong growth is primarily fueled by the increasing focus on ESG (Environmental, Social, and Governance) compliance, regulatory mandates, and organizations’ strategic initiatives to foster inclusive procurement practices.

A primary growth factor driving the Supplier Diversity Analytics with AI market is the intensifying regulatory landscape surrounding supplier diversity. Governments and industry regulators worldwide are introducing stringent policies and incentives that require or encourage organizations to source from a diverse supplier base. As a result, enterprises are leveraging AI-powered analytics to automate supplier identification, monitor compliance, and generate real-time diversity reports. These solutions enable companies to efficiently track their supplier diversity programs, demonstrate regulatory adherence, and unlock new business opportunities. The integration of AI significantly enhances the accuracy and speed of analytics, making it possible to process vast amounts of supplier data and deliver actionable insights, which further propels market adoption.

Another key driver is the growing corporate emphasis on social responsibility and sustainability. Organizations are increasingly aligning their procurement strategies with broader ESG objectives, recognizing that supplier diversity not only fulfills social commitments but also delivers tangible business value. AI-enabled analytics platforms provide advanced capabilities such as spend analysis, risk management, and performance monitoring, allowing companies to identify gaps, mitigate risks, and optimize their supplier portfolios. By leveraging machine learning and predictive analytics, businesses can proactively assess potential suppliers, forecast diversity spend, and ensure equitable opportunities for underrepresented groups. This strategic shift towards data-driven decision-making is accelerating the uptake of supplier diversity analytics solutions across sectors.

Technological advancements in artificial intelligence and big data analytics are also catalyzing market growth. The proliferation of cloud computing, natural language processing, and real-time data integration has enabled the development of sophisticated supplier diversity analytics platforms that can seamlessly integrate with existing enterprise systems. These innovations allow organizations to automate complex reporting processes, visualize diversity metrics through intuitive dashboards, and derive deep insights from unstructured data sources. As a result, both large enterprises and SMEs are increasingly adopting AI-powered solutions to enhance transparency, drive supplier engagement, and achieve measurable improvements in supplier diversity outcomes.

From a regional perspective, North America continues to dominate the Supplier Diversity Analytics with AI market, accounting for the largest revenue share in 2024. This leadership is attributed to the region’s mature regulatory environment, early adoption of AI technologies, and the presence of numerous Fortune 500 companies with established supplier diversity programs. Europe and Asia Pacific are also witnessing significant growth, driven by rising compliance requirements and expanding digital transformation initiatives. Meanwhile, emerging markets in Latin America and the Middle East & Africa are gradually embracing supplier diversity analytics as part of broader efforts to enhance procurement efficiency and support local economic development. The global market’s robust trajectory underscores the critical role of AI in transforming supplier diversity management and advancing inclusive procurement practices worldwide.

Component Analysis

The City of Boston reports on our discretionary spending as part of our commitment to transparency and to growing pathways to equitable procurement for diverse suppliers. This dataset contains all discretionary spending data from Fiscal Year 2019 - Fiscal Year 2026, Quarter 1.

Discretionary spending refers to the total value of payments made by the City to a supplier through a contract ($10,000 or over) or a purchase order (under $10,000). This includes procurements where there is competition and discretion over choosing a supplier. Discretionary spending does not include mandatory or fixed obligations, such as payments of employee benefits.

You can view an interactive dashboard of our discretionary spending at https://www.boston.gov/equitable-procurement.

To learn more about the City’s procurement and supplier diversity efforts, visit:

• https://www.boston.gov/procurement
• https://www.boston.gov/supplier-diversity

** Notes on the Data **

The Discretionary Spending dataset differs from our Checkbook Explorer (https://data.boston.gov/dataset/checkbook-explorer) dataset in two key ways.

• First, we report on some types of spending in the Checkbook Explorer dataset, such as utility, telecommunications, and benefits payments, that we don’t report in the Discretionary Spending dataset.
• Second, the Checkbook Explorer dataset is updated monthly; the Discretionary Spending dataset is updated quarterly. We are working to synchronize these datasets in the future.

If you have questions about this data or would like to provide feedback, please use this form: https://docs.google.com/forms/d/10_VGn3OEaa-JA5VJynZ9JKw-I3t0BAzw3ckv8rxVMLc/viewform?edit_requested=true

Supplier Diversity Analytics Platforms Market Outlook

According to our latest research, the global Supplier Diversity Analytics Platforms market size reached USD 4.35 billion in 2024, driven by the increasing corporate focus on ESG (Environmental, Social, and Governance) initiatives and regulatory compliance. The market is projected to grow at a robust CAGR of 13.7% from 2025 to 2033, reaching an estimated USD 13.03 billion by 2033. This impressive growth is underpinned by heightened demand for advanced analytics and reporting tools that enable organizations to optimize supplier diversity initiatives, ensure compliance, and enhance transparency across global supply chains.

A primary growth factor fueling the Supplier Diversity Analytics Platforms market is the rising emphasis on social responsibility and inclusive procurement practices among large enterprises and government organizations. As corporate governance frameworks evolve, businesses are under increasing pressure to demonstrate measurable progress in supplier diversity, not only to comply with regulations but also to meet investor and consumer expectations. The integration of supplier diversity analytics platforms allows organizations to systematically track, analyze, and report on their supplier base, ensuring that a significant portion of procurement spend is directed toward minority, women-owned, veteran-owned, LGBTQ+, and other diverse suppliers. This capability is becoming a strategic priority, particularly as companies seek to enhance brand reputation and foster innovation through a more inclusive supply chain ecosystem.

Another significant driver is the rapid advancement in data analytics, artificial intelligence, and machine learning technologies, which are being integrated into supplier diversity analytics platforms to deliver actionable insights. These platforms now offer real-time dashboards, predictive analytics, and automated compliance checks, enabling procurement leaders to make informed decisions and proactively manage risks. The ability to aggregate data from multiple sources, standardize metrics, and benchmark performance against industry peers is proving invaluable for organizations striving for continuous improvement in their diversity programs. Furthermore, the shift toward cloud-based solutions is making these platforms more accessible and scalable, allowing even small and medium enterprises to leverage sophisticated analytics capabilities without significant upfront investments.

Regulatory developments and government mandates are also catalyzing the adoption of supplier diversity analytics platforms, particularly in sectors such as BFSI, healthcare, and government. In many regions, public and private sector organizations are required to meet specific supplier diversity targets or report on their progress as part of broader ESG disclosures. This regulatory landscape is prompting organizations to invest in robust analytics solutions to ensure accurate reporting and avoid potential penalties. Moreover, the growing recognition of the business value derived from diverse supply chains—including increased innovation, resilience, and market competitiveness—is encouraging companies across industries to prioritize supplier diversity analytics as a core component of their procurement strategy.

From a regional perspective, North America currently leads the global Supplier Diversity Analytics Platforms market, accounting for the largest share in 2024. This dominance is attributed to the mature regulatory environment, high adoption rates among Fortune 500 companies, and the presence of several leading platform providers. Europe and Asia Pacific are also witnessing significant growth, driven by evolving ESG regulations, increasing awareness of supplier diversity benefits, and the expansion of multinational corporations into emerging markets. The Asia Pacific region, in particular, is expected to register the highest CAGR during the forecast period, as organizations in countries like China, India, and Japan ramp up their focus on sustainable and inclusive procurement practices.

Component Analysis

The Supplier Diversity Analytics Platforms market is segmented by component into software and services, each playing a pivotal role in driving the overall market growth. The software segment encompasses a wide range of analytics tools, dashboards, and reporting modules designed to automate and streamline supplier diversity tracking. Advanced software solutions lev

From 2020 to 2022, the annual Tier 1 spending of Citigroup with diverse suppliers increased significantly. In 2022, Citigroup spent 1.3 billion U.S. dollars with diverse suppliers, including 599 million U.S. dollars with Black-owned suppliers, and 189 million U.S. dollars with women-owned suppliers. In contrast, the total annual spending with diverse suppliers was 875 million U.S. dollars in 2020. In 2023, however, the annual spending with diverse suppliers declined in all categories.

This dataset tracks the updates made on the dataset "Hospital Supplier Diversity Plans" as a repository for previous versions of the data and metadata.

Explore the booming Supplier Diversity Solution market: trends, drivers, restraints, and size. Discover how cloud-based solutions and enterprise adoption are reshaping procurement for SMEs and Large Enterprises, with key insights and data.

Financial overview and grant giving statistics of Financial Services Roundtable For Supplier Diversity Inc

AI-Driven Supplier Diversity Analytics Market Outlook

According to our latest research, the global AI-Driven Supplier Diversity Analytics market size reached USD 1.86 billion in 2024, and is anticipated to grow at a robust CAGR of 20.8% from 2025 to 2033, reaching a forecasted value of USD 12.13 billion by 2033. This remarkable growth is driven by the increasing adoption of artificial intelligence technologies across procurement and supply chain management, as organizations strive to enhance supplier diversity, ensure compliance, and achieve ESG (Environmental, Social, and Governance) goals. The market’s expansion is further propelled by the rising need for advanced analytics to optimize supplier portfolios, mitigate risks, and drive inclusive procurement strategies globally.

The primary growth driver in the AI-Driven Supplier Diversity Analytics market is the heightened focus on ESG and corporate social responsibility (CSR) initiatives. As governments and industry regulators worldwide set more stringent supplier diversity requirements, organizations are compelled to adopt advanced analytics solutions for tracking, measuring, and reporting on their supplier diversity performance. Artificial intelligence enables procurement teams to analyze vast and complex datasets, uncover hidden patterns, and identify opportunities to engage diverse suppliers. This not only helps meet compliance requirements but also enhances brand reputation, fosters innovation, and opens new market opportunities. The integration of AI into supplier diversity analytics provides real-time insights, predictive modeling, and automated reporting, which are critical for organizations aiming to stay ahead in today’s dynamic business environment.

Another major factor fueling the growth of the AI-Driven Supplier Diversity Analytics market is the digital transformation of procurement functions across industries. Enterprises are increasingly migrating from manual, spreadsheet-based diversity tracking to sophisticated, AI-powered platforms that streamline processes and improve data accuracy. These solutions offer capabilities such as automated spend analysis, risk assessment, and performance monitoring, which empower organizations to make data-driven decisions and optimize their supplier base. The proliferation of cloud computing and the growing availability of big data have further accelerated the adoption of AI-driven analytics, enabling organizations of all sizes to leverage advanced tools without significant infrastructure investments. This democratization of technology is particularly beneficial for small and medium enterprises (SMEs) seeking to enhance their supplier diversity programs.

The emergence of regulatory frameworks and public policies supporting supplier diversity across key markets, especially in North America and Europe, has also contributed significantly to market growth. For instance, the United States and Canada have introduced several initiatives to promote minority, women, veteran, and LGBTQ-owned businesses in public and private sector procurement. Similarly, the European Union has mandated supplier diversity disclosures as part of broader ESG reporting requirements. These regulatory drivers, combined with increasing stakeholder expectations and competitive pressures, are encouraging organizations to invest in AI-driven analytics solutions to achieve transparency, accountability, and measurable outcomes in their supplier diversity efforts.

Regionally, North America dominated the AI-Driven Supplier Diversity Analytics market in 2024, accounting for over 41% of global revenue, owing to its mature procurement practices, strong regulatory environment, and high adoption of AI technologies. Europe followed closely, driven by the rapid implementation of ESG policies and digital transformation initiatives. The Asia Pacific region is expected to witness the fastest growth over the forecast period, with a projected CAGR of 24.2%, as organizations in emerging economies increasingly recognize the value of supplier diversity in driving innovation and competitiveness. Latin America and the Middle East & Africa are also experiencing steady adoption, supported by growing awareness and government-led diversity programs.

Businesses certified as Small and Minority Business Enterprises by the CT Department of Administrative Services

More detailed data on Small and Minority Business Enterprises can be found in the Connecticut Small and Minority Owned Businesses (SBE/MBE) dataset.

This data set is of certified businesses owned and controlled 51% or more by minorities, women, veterans, and individuals with disabilities. The data set is updated daily and is searchable and exportable at this link: http://directory.osd.gss.omb.delaware.gov/index.shtml. The Office of Supplier Diversity's mission is to assist the entire supplier diversity community of minority, women, veteran, service disabled veteran, and individuals with disabilities owned businesses as well as small businesses of a unique size in competing for the provision of commodities, services, and construction to State departments, agencies, authorities, school districts, higher education institutions and all businesses. The Office of Supplier Diversity (OSD) sits within the Division of Small Business (DSB), a Division of the Department of State (DOS).

Splitgraph serves as an HTTP API that lets you run SQL queries directly on this data to power Web applications. For example:

See the Splitgraph documentation for more information.

This page provides information for the Diversity Supplier Program performance measure.