Procurement Analytics Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Global Procurement Analytics Market Companies and it is segmented by type (Software, Services), deployment type (On-Premise, Cloud), Application** (Supply Chain Analytics, Risk Analytics, Spend Analytics, Demand Forecasting, Contract Management), end-user (Manufacturing, Supply Chain & Logistic, Retail, and E-commerce, BFSI, IT & Telecommunication), and geography (North America, Europe, Asia Pacific, Rest of the World). The market size and forecasts are provided in terms of value (USD billion) for all the above segments.

Procurement Analytics Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Procurement Analytics Market Size

Procurement Analytics Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 5.24 Billion
Market Size (2030) USD 16.43 Billion
CAGR (2025 - 2030) 25.67 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Procurement Analytics Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Procurement Analytics Market Analysis

The Procurement Analytics Market size is estimated at USD 5.24 billion in 2025, and is expected to reach USD 16.43 billion by 2030, at a CAGR of 25.67% during the forecast period (2025-2030).

To create a set of valuable insights that will help drive value and enhance operations, procurement analytics involves drawing on the vast pool of procurement data.

  • The primary drivers of the market's expansion are the organizations' growing emphasis on improving their operational efficiencies in their procurement channels and their impending need to manage contracts and compliance policies.
  • The advantages of spend analytics are also expanding, including the ability to get deeper insights through data visualization, enable the implementation of processes that save costs, make it simple to access enormous files, and provide data that is updated and located in real time. Improved use and consumption increase the system's scalability and lower the organization's investment.
  • Furthermore, throughout the projection period, the market for procurement software is projected to have significant development potential due to the software's integration with artificial intelligence (AI). Technological developments will likely hasten market participants' revenue growth. On the contrary, more skilled personnel is needed to ensure market growth.
  • Additionally, as business complexity related to data has grown, making decisions has become more complex. Small and medium-sized businesses need more resources to optimize the data around them, which could impede market expansion.
  • The COVID-19 outbreak significantly impacted the development of the procurement analytics market. The rising popularity of smartphones, the increasing uptake of connected devices, and the booming e-commerce industry presented the market with promising opportunities for growth.

Procurement Analytics Industry Overview

The procurement analytics market is highly competitive. Players in the market are continuously adopting strategies like innovations in their products, partnerships, acquisitions, and others to increase their market presence.

In January 2023, Zycus Inc has announced DeAcero transforms its procurement processes with Zycus' AI-enabled S2P solutions to accelerate its source-to-pay landscape, where DeAcerowill use Zycus' eProcurement, eInvoicing, sourcing, contract lifecycle management, request management, supplier information management, supplier risk management, spend analysis, and its Merlin AI offering

In November 2022, SAS Institute Inc and Regenerative Medicine Development Organization (ReMDO) were collaborating on the ReMDO RegeneratOR Test Bed, a novel regenerative medicine endeavor in North Carolina. The joint enterprise will serve as an economic development driver, helping to accelerate the growth of startups and scale up mid-to-large-sized companies with innovative and emerging technologies through access to state-of-the-art biomanufacturing equipment, industry expertise, talent, and training programs to support novel prototyping and commercial product development.

Procurement Analytics Market Leaders

  1. SAP SE

  2. Oracle Corporation

  3. IBM Corporation

  4. SAS Institute Inc.

  5. Zycus Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Procurement Analytics Market Concentration
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Procurement Analytics Market News

  • October 2023: SAP announced that Tata Projects Limited, one of India's fastest-growing technology, engineering, procurement, and construction companies, is accelerating its business transformation journey by leveraging the RISE with SAP solutions and surrounding cloud solutions.
  • August 2022: SAS Institute Inc joined forces with SingleStore to help organizations remove barriers to data access, maximize performance and scalability, and uncover critical data-driven insights. SAS Viya with SingleStore enables using SAS analytics and AI technology on data stored in SingleStore's cloud-native real-time database. The integration provides flexible, open access to curated data to help accelerate value for cloud, hybrid, and on-premises deployments.

Procurement Analytics Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Consumers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Assessment of the Impact of COVID-19

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Rising Adoption in Procurement Process in Industries
    • 5.1.2 Rising Demand for Cloud Based Analytical Solutions
  • 5.2 Market Restraints
    • 5.2.1 Lack of Trained and Skilled Analytical Professionals
    • 5.2.2 Growing Data Breaches Cases

6. MARKET SEGMENTATION

  • 6.1 By Type
    • 6.1.1 Software
    • 6.1.2 Services
  • 6.2 By Deployment Type
    • 6.2.1 On-Premise
    • 6.2.2 Cloud
  • 6.3 By Application
    • 6.3.1 Supply Chain Analytics
    • 6.3.2 Risk Analytics
    • 6.3.3 Spend Analytics
    • 6.3.4 Demand Forecasting
    • 6.3.5 Contract Management
  • 6.4 By End-User
    • 6.4.1 Manufacturing
    • 6.4.2 Transportation & Logistic
    • 6.4.3 Retail and E-commerce
    • 6.4.4 BFSI
    • 6.4.5 IT & Telecommunication
    • 6.4.6 Other End-Users (Education, Healthcare)
  • 6.5 By Geography
    • 6.5.1 North America
    • 6.5.2 Europe
    • 6.5.3 Asia-Pacific
    • 6.5.4 Rest of the World

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles*
    • 7.1.1 SAP SE
    • 7.1.2 Oracle Corporation
    • 7.1.3 SAS Institute Inc.
    • 7.1.4 IBM Corporation
    • 7.1.5 Zycus Inc.
    • 7.1.6 BRIDGEi2i Analytics Solutions Pvt. Ltd.
    • 7.1.7 JAGGAER Inc.
    • 7.1.8 Genpact Limited
    • 7.1.9 Rosslyn Data Technologies PLC
    • 7.1.10 Simfoni Analytics

8. INVESTMENT ANALYSIS

9. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Sub-segment Analysis is Qualitative
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Procurement Analytics Industry Segmentation

Procurement analytics uses quantitative methods to derive actionable insights and results from the given data. This process helps organizations to improve their decision-making and gain a competitive advantage. Moreover, it ensures the correct usage of data for business management.

The Procurement Analytics Market is segmented by type (software, services), deployment type (on-premise, cloud), application (supply chain analytics, risk analytics, spend analytics, demand forecasting, contract management), end-user (manufacturing, supply chain & logistic, retail, and e-commerce, BFSI, IT & telecommunication), and geography (North America, Europe, Asia Pacific, Rest of the World). The report offers market forecasts and size in value (USD) for all the above segments.

By Type Software
Services
By Deployment Type On-Premise
Cloud
By Application Supply Chain Analytics
Risk Analytics
Spend Analytics
Demand Forecasting
Contract Management
By End-User Manufacturing
Transportation & Logistic
Retail and E-commerce
BFSI
IT & Telecommunication
Other End-Users (Education, Healthcare)
By Geography North America
Europe
Asia-Pacific
Rest of the World
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Procurement Analytics Market Research FAQs

How big is the Procurement Analytics Market?

The Procurement Analytics Market size is expected to reach USD 5.24 billion in 2025 and grow at a CAGR of 25.67% to reach USD 16.43 billion by 2030.

What is the current Procurement Analytics Market size?

In 2025, the Procurement Analytics Market size is expected to reach USD 5.24 billion.

Who are the key players in Procurement Analytics Market?

SAP SE, Oracle Corporation, IBM Corporation, SAS Institute Inc. and Zycus Inc. are the major companies operating in the Procurement Analytics Market.

Which is the fastest growing region in Procurement Analytics Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Procurement Analytics Market?

In 2025, the North America accounts for the largest market share in Procurement Analytics Market.

What years does this Procurement Analytics Market cover, and what was the market size in 2024?

In 2024, the Procurement Analytics Market size was estimated at USD 3.89 billion. The report covers the Procurement Analytics Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Procurement Analytics Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Procurement Analytics Industry Report

Statistics for the 2025 Procurement Analytics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Procurement Analytics analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.