A 2024 survey showed that ** percent of procurement decision-makers used procurement analytics or reporting tools. Another ** percent of them automated manual processes.

This statistic shows the revenue earned by the top supply chain procurement (SCP) software vendors in 2016, including their revenues from 2015. SAP's revenue from SCP software totaled **** billion U.S. dollars in 2016.

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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

Success.ai’s Supply Chain Data for Business Supplies & Equipment Professionals Worldwide offers a comprehensive dataset designed to help businesses connect with key stakeholders in the global supply chain and business equipment sectors. Covering procurement managers, operations directors, and supply chain professionals, this dataset provides verified contact details, business registration insights, and firmographic data.

With access to over 700 million verified global profiles and data from 70 million businesses, Success.ai ensures your outreach, market analysis, and business development strategies are powered by accurate, continuously updated, and AI-validated data. Backed by our Best Price Guarantee, this solution supports your efforts to thrive in the dynamic global supply chain industry.

Why Choose Success.ai’s Supply Chain Data?

1. Verified Contact Data for Supply Chain Professionals

   • Access verified work emails, phone numbers, and LinkedIn profiles of procurement officers, logistics managers, and supply chain strategists.
   • AI-driven validation ensures 99% accuracy, enabling confident communication and effective campaign execution.

2. Comprehensive Global Coverage

   • Includes profiles from global supply chain hubs and business equipment companies in regions such as North America, Europe, Asia-Pacific, and the Middle East.
   • Gain insights into regional supply chain trends, operational challenges, and emerging opportunities.

3. Continuously Updated Datasets

   • Real-time updates reflect changes in leadership, business registrations, and supply chain dynamics.
   • Stay aligned with industry shifts and evolving market conditions.

4. Ethical and Compliant

   • Adheres to GDPR, CCPA, and other global privacy regulations, ensuring responsible data usage and compliance with legal standards.

Data Highlights:

• 700M+ Verified Global Profiles: Connect with decision-makers, operations leaders, and supply chain professionals worldwide.
• 70M Business Profiles: Access firmographic data, including business sizes, locations, and operational scopes.
• Business Registration Insights: Gain visibility into company registrations, certifications, and compliance statuses.
• Leadership Profiles: Engage with CEOs, supply chain directors, and procurement leads driving global supply chain strategies.

Key Features of the Dataset:

1. Decision-Maker Profiles in Supply Chain and Equipment

   • Identify and connect with professionals managing procurement, logistics, and operational efficiency.
   • Target individuals responsible for vendor selection, inventory management, and supply chain optimization.

2. Advanced Filters for Precision Targeting

   • Filter companies by industry focus (logistics, manufacturing, retail), geographic location, revenue size, or operational scope.
   • Tailor outreach campaigns to align with specific supply chain needs and business challenges.

3. Business Registration and Compliance Insights

   • Access verified company registration data, certifications, and compliance statuses to ensure reliable business partnerships.
   • Leverage these insights to evaluate potential partners and streamline risk management.

4. AI-Driven Enrichment

   • Profiles enriched with actionable data enable personalized messaging, highlight unique value propositions, and improve engagement outcomes with supply chain stakeholders.

Strategic Use Cases:

1. Sales and Vendor Development

   • Offer business supplies, equipment, or technology solutions to procurement teams and supply chain managers.
   • Build relationships with companies seeking innovative tools to improve efficiency, reduce costs, or enhance sustainability.

2. Market Research and Competitive Analysis

   • Analyze global trends in supply chain operations and equipment usage to guide product development and market strategies.
   • Benchmark against competitors to identify growth opportunities, market gaps, and new industry niches.

3. Supply Chain Optimization and Risk Mitigation

   • Connect with logistics managers and operations leaders looking to streamline processes or mitigate supply chain risks.
   • Provide solutions for inventory management, logistics optimization, or compliance reporting.

4. Recruitment and Workforce Solutions

   • Engage HR professionals and hiring managers seeking skilled professionals in supply chain management or business operations.
   • Offer workforce optimization platforms, training solutions, or staffing services tailored to the supply chain industry.

Why Choose Success.ai?

1. Best Price Guarantee

   • Access premium-quality supply chain data at competitive prices, ensuring strong ROI for your marketing, sales, and strategic initiatives.

2. Seamless Integration

   • Integrate verified supply chain data into CRM systems, marketing platforms, or analytics tools via APIs o...

Government Procurement Tools Market Outlook

The global market size for Government Procurement Tools was valued at approximately USD 7.5 billion in 2023 and is projected to reach around USD 14.2 billion by 2032, growing at a CAGR of 7.2% from 2024 to 2032. One of the key growth factors driving this market is the increasing adoption of digital solutions to streamline procurement processes in various government sectors. Governments around the world are increasingly investing in procurement tools to enhance efficiency, reduce costs, and ensure transparency in spending.

The escalating demand for e-procurement solutions is a significant growth factor in the Government Procurement Tools market. e-Procurement systems automate and integrate the entire procurement cycle, from requisition to invoice reconciliation, thereby minimizing manual errors and improving compliance with procurement policies. Governments are under pressure to adopt such systems due to stringent regulatory requirements and the need for enhanced transparency and accountability in public spending. Additionally, e-Procurement solutions provide real-time data and analytics, enabling informed decision-making and better supplier management.

Advancements in technology, particularly cloud computing and big data analytics, are radically transforming the government procurement landscape. Cloud-based procurement tools offer scalability, flexibility, and cost-efficiency, making them particularly attractive for government entities that need to manage large volumes of procurement data. Big data analytics, on the other hand, enable governments to perform spend analysis, identify cost-saving opportunities, and optimize procurement strategies. These technological advancements are propelling the adoption of modern procurement tools in the public sector.

Another driving factor for the Government Procurement Tools market is the increasing focus on vendor management and contract management. Effective vendor management helps in building strong supplier relationships, ensuring quality, and reducing risks. Contract management tools help in monitoring compliance, managing contract lifecycles, and ensuring that contractual obligations are met. As governments seek to improve their procurement processes, the demand for comprehensive vendor and contract management solutions is on the rise.

Procurement Analytics Software is increasingly becoming a vital component in the government procurement landscape. This software enables government agencies to harness the power of data to gain insights into procurement activities, supplier performance, and spending patterns. By leveraging advanced analytics, governments can make data-driven decisions that enhance procurement efficiency and transparency. The integration of procurement analytics software with existing procurement tools allows for a more comprehensive approach to managing procurement processes, ultimately leading to cost savings and improved supplier relationships. As governments continue to prioritize digital transformation, the adoption of procurement analytics software is expected to rise, providing a competitive edge in managing public funds effectively.

Regionally, North America is expected to dominate the Government Procurement Tools market due to the early adoption of advanced procurement technologies and the presence of major market players. However, the Asia Pacific region is anticipated to witness the highest growth rate during the forecast period. The rapid digitization of government processes in countries like China and India, along with increasing government initiatives to enhance procurement efficiency, are driving the market in this region.

Type Analysis

The Government Procurement Tools market is segmented by type into e-Procurement, Vendor Management, Contract Management, Spend Analysis, and others. e-Procurement solutions are expected to hold the largest market share due to their ability to automate and streamline the entire procurement process. These solutions help in reducing manual errors, improving compliance, and ensuring transparency in procurement activities. The growing focus on digital transformation within government entities is further driving the adoption of e-Procurement solutions.

Vendor Management tools are crucial for government agencies to manage their relationships with suppliers effectively. These tools help in assessing vendor performance, ensuring compliance with contractual

Introduction

Supply Chain Statistics: A supply chain is a network of people and companies that work together to create and deliver a product to the customer. It begins with those who provide raw materials and ends when the finished product reaches the consumer. Managing the supply chain is very important because a well-run supply chain can reduce costs and make production more efficient. Companies aim to improve their supply chains to lower expenses and stay competitive in the market.

By keeping track of inventory levels, analyzing shipping costs, and spotting any delays, businesses can use these statistics to make their supply chain operations better. In this article, “Supply Chain Statistics†, we shall explore the main metrics used in SCM and show how businesses can use this data to stay ahead of the competition.

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

The Group Purchasing Organization (GPO) industry, vital to healthcare operations, has grown through the end of 2024. GPOs act as lifesavers for healthcare organizations struggling to maneuver the rising costs and stringent regulations and don the hat of trendsetters in using high-end tech like sophisticated analytics and e-commerce to streamline operations. On top of that, GPOs have braced themselves to face heightened competition owing to new entries and expanded their service portfolio. Through the end of 2024, industry revenue has climbed at a CAGR of 1.0% to reach $6.3 billion in 2024, including an expansion of 1.4% in 2024 alone. The GPO industry has undergone some defining transformations. Integrating advanced technology tools has pushed the industry closer to better strategic decisions and cost-effective solutions. The shift toward e-commerce platforms has made procurement more convenient and transparent. But at the same time, this rising digitization has challenged GPOs to fight off increasing cyber threats. The industry's competitive landscape has also intensified with more players joining the game and shifting towards diversified services. Amid consolidation trends, specialist GPOs emerged, providing personalized services to specific healthcare areas, marking a substantial change in industry contours. The five years through the end of 2029 will be an era of overwhelming digital adoption, with automation taking the front seat in procurement procedures. Specialist GPOs will call the shots, with their expertise highly sought after to align with company strategies. As going green becomes a priority, GPOs must ensure their procurement strategies align with sustainability efforts, making things interesting. Industry revenue will expand at a CAGR of 1.9% to reach $6.9 billion.

The purpose of this site is to allow public access to the City's procurement contracts. These contracts represent a diverse list of resources required by Tempe to support the community's needs including equipment, vehicles, products, materials and services. Click on Open or double arrow to enter full screen mode.

In line with the City's strong commitment to transparency and Smart City initiatives, we are pleased to make this information available in this accessible format.

A user guide may be viewed by clicking here.

Additional Information

Source: The original data source originates from the City of Tempe's Purchasing Contracts document storage and the purchasing contract financials application.

Contact (author):

Contact E-Mail (author):

Contact (maintainer): Michael Greene, Procurement Administration

Contact E-Mail (maintainer): michael_greene@tempe.gov

Data Source Type: Data Source Types are: Sql Server, Oracle and pdf file storage.

Preparation Method: Data is extracted using a programmatic automation process that pulls data from the defined sources at regular time intervals.

Publish Frequency: Once per week.

Publish Method: Automatic via developed automation process.

Data Dictionary

Financial Data for the Checkbook Explorer since Fiscal Year 2012.

eVA is used by more than 245 state agencies and institutes of higher education, and 900+ local governments and public bodies, to announce bidding opportunities, receive quotes, order placement & approvals, contract management and more. Since its inception in 2001, eVA has transformed the way the Commonwealth buys goods and services from a decentralized, paper based process to a centralized, electronic platform. Providing industry leading procurement solutions for all public bodies, the marketplace includes nearly 100,000 businesses competing to provide the Commonwealth with quality goods and services, resulting in more than $25 million in savings annually. This dataset contains the purchase orders for the goods and services.

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

MOCS is responsible for publishing the Agency Procurement Indicators Report for the City of New York which is one of the largest contracting jurisdictions in the nation. The report provides procurement statistics for the preceding fiscal year.

Additionally, the Report includes data regarding Project Labor Agreements, Apprenticeship Programs, Environmentally Preferable Purchasing, Local Law 129 and Access for Minority and Women owned businesses and insurance equity and availability.

This statistic details the methods used to improve the customer experience in the supply chain industry for the first half of 2018. In the survey, 61 percent of respondents listed improving customer feedback mechanisms as the most used method to improve customer experience in the supply chain.

IBISWorld has revealed the Top 100 manufacturers for 2020. The list provides an insight to the disruption caused by the pandemic across the manufacturing sector.

The Achievement of Excellence in Procurement Award demonstrates the utilization of best practices in the procurement of goods and services that ensures the effective use of taxpayer dollars. This dataset indicates by fiscal year whether or not the City's Procurement Section received the award from the National Procurement Institute.This page provides data for the Procurement Award performance measure.The performance measure dashboard is available at 2.12 Procurement Award. Additional InformationSource: National Procurement Institute, IncContact: Michael GreeneContact E-Mail: Michael_Greene@tempe.govData Source Type: ExcelPreparation Method: ManualPublish Frequency: AnnuallyPublish Method: ManualData Dictionary

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.

eVA is used by more than 245 state agencies and institutes of higher education, and 900+ local governments and public bodies, to announce bidding opportunities, receive quotes, order placement & approvals, contract management and more. Since its inception in 2001, eVA has transformed the way the Commonwealth buys goods and services from a decentralized, paper based process to a centralized, electronic platform. Providing industry leading procurement solutions for all public bodies, the marketplace includes nearly 100,000 businesses competing to provide the Commonwealth with quality goods and services, resulting in more than $25 million in savings annually. This dataset contains the purchase orders for the goods and services.

eVA is used by more than 245 state agencies and institutes of higher education, and 900+ local governments and public bodies, to announce bidding opportunities, receive quotes, order placement & approvals, contract management and more. Since its inception in 2001, eVA has transformed the way the Commonwealth buys goods and services from a decentralized, paper based process to a centralized, electronic platform. Providing industry leading procurement solutions for all public bodies, the marketplace includes nearly 100,000 businesses competing to provide the Commonwealth with quality goods and services, resulting in more than $25 million in savings annually. This dataset contains the purchase orders for the goods and services.

The State Contract and Procurement Registration System (SCPRS) was established in 2003, as a centralized database of information on State contracts and purchases over $5000. eSCPRS represents the data captured in the State's eProcurement (eP) system, Bidsync, as of March 16, 2009. The data provided is an extract from that system for fiscal years 2012-2013, 2013-2014, and 2014-2015

Data Limitations:
Some purchase orders have multiple UNSPSC numbers, however only first was used to identify the purchase order. Multiple UNSPSC numbers were included to provide additional data for a DGS special event however this affects the formatting of the file. The source system Bidsync is being deprecated and these issues will be resolved in the future as state systems transition to Fi$cal.

Data Collection Methodology:

The data collection process starts with a data file from eSCPRS that is scrubbed and standardized prior to being uploaded into a SQL Server database. There are four primary tables. The Supplier, Department and United Nations Standard Products and Services Code (UNSPSC) tables are reference tables. The Supplier and Department tables are updated and mapped to the appropriate numbering schema and naming conventions. The UNSPSC table is used to categorize line item information and requires no further manipulation. The Purchase Order table contains raw data that requires conversion to the correct data format and mapping to the corresponding data fields. A stacking method is applied to the table to eliminate blanks where needed. Extraneous characters are removed from fields. The four tables are joined together and queries are executed to update the final Purchase Order Dataset table. Once the scrubbing and standardization process is complete the data is then uploaded into the SQL Server database.

Secondary/Related Resources:

• State Contract Manual (SCM) vol. 2 http://www.dgs.ca.gov/pd/Resources/publications/SCM2.aspx
• State Contract Manual (SCM) vol. 3 http://www.dgs.ca.gov/pd/Resources/publications/SCM3.aspx
• Buying Green http://www.dgs.ca.gov/buyinggreen/Home.aspx
• United Nations Standard Products and Services Code, http://www.unspsc.org/