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

The report covers Global Retail Sourcing & Procurement Companies and the market can be segmented by Deployment Type (On-Premise, Cloud), Solution Type (Strategic sourcing, Supplier management, Contract management, Procure-to-pay, Spend analysis), and Geography.

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

Retail Sourcing & Procurement Market Size

Retail Sourcing and Procurement Market Size
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 13.00 %
Fastest Growing Market North America
Largest Market North America
Market Concentration Low

Major Players

Retail Sourcing and Procurement Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Retail Sourcing and Procurement Market with other markets in Retail Industry

General Retail

Retail Stores

Travel Retail

Retail Sourcing & Procurement Market Analysis

The Retail Sourcing and Procurement Market is expected to register a CAGR of 13% during the forecast period.

  • Companies across retail sector are repetitively trying to find out the new areas through which they can reduce their total operational costs. Implementing new advanced technologies, such as artificial intelligence, deep learning and blockchain will help to automate the sourcing procurement activities in a better way. For instance, RFID chips can be placed on every product to provide a way for the business owners to track their inventory easily.
  • Once implemented, it is very time consuming and cost intensive to reverse the sourcing method or put into practice another technology. Thus it requires sufficient planning to select and execute the sourcing and procurement methods.

Retail Sourcing & Procurement Industry Overview

To drivean increase in the need for retail sourcing and procurements software and solutions, different vendors are forming the strategic partnerships with different technology leaders to combine their products with the latest technologies or some automation in the retail sourcing and procurements.

  • June 2019 -Inforannounced a new partnership withLinklogis, which will leverage theInfor Nexusplatform to power a suite of financial service solutions designed to reinforce the supply chains of small and medium-sized upstream suppliers that are traditionally underfunded and overlooked.
  • June 2019 - HighJump, a global provider of supply chain solutions, announces its selection by Mexican design furniture omnichannel retailerGAIA. GAIA exemplifies HighJump’s growing global footprint and capabilities to meet the unique needs of retailers throughout Latin America with the connected, automated supply chain of the future.

Retail Sourcing & Procurement Market Leaders

  1. Kinaxis

  2. Proactis Holdings Plc.

  3. Coupa Software

  4. HighJump Software

  5. Basware Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Kinaxis, Proactis Holdings Plc., Coupa Software, HighJump Software, Basware Corporation
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Retail Sourcing & Procurement Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Introduction to Market Drivers and Restraints
  • 4.3 Market Drivers
    • 4.3.1 Growing Demand for Advanced Retail Sourcing and Procurement Solutions and Services is Driving the Market Growth
  • 4.4 Market Restraints
    • 4.4.1 Vendor Lock-In is a Challenging Factor
  • 4.5 Industry Attractiveness - Porter's Five Force Analysis
    • 4.5.1 Threat of New Entrants
    • 4.5.2 Bargaining Power of Buyers/Consumers
    • 4.5.3 Bargaining Power of Suppliers
    • 4.5.4 Threat of Substitute Products
    • 4.5.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Deployment Type
    • 5.1.1 On-Premise
    • 5.1.2 Cloud
  • 5.2 By Solution Type
    • 5.2.1 Strategic Sourcing
    • 5.2.2 Supplier Management
    • 5.2.3 Contract Management
    • 5.2.4 Procure-to-pay
    • 5.2.5 Spend Analysis
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.2 Europe
    • 5.3.3 Asia-Pacific
    • 5.3.4 Latin America
    • 5.3.5 Middle East & Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Kinaxis
    • 6.1.2 Proactis Holdings Plc.
    • 6.1.3 Coupa Software
    • 6.1.4 HighJump Software
    • 6.1.5 Basware Corporation
    • 6.1.6 SAP SE
    • 6.1.7 Oracle Corporation
    • 6.1.8 IBM Corporation
    • 6.1.9 Epicor Software Corporation
    • 6.1.10 JDA Software Group, Inc.
    • 6.1.11 JAGGAER , Inc.
    • 6.1.12 Infor Nexus
    • 6.1.13 Zycus Inc.
  • *List Not Exhaustive

7. INVESTMENT ANALYSIS

8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Retail Sourcing & Procurement Industry Segmentation

With increasing globalization and growing business complexities, the need for efficient and effective sourcing and procurement solutions is increasing year-over-year. The retail industry has always been prone to constant changes owing to shifting customer preferences. Thus there is a need for implementation of a streamlined process in the retail supply chain. 

By Deployment Type On-Premise
Cloud
By Solution Type Strategic Sourcing
Supplier Management
Contract Management
Procure-to-pay
Spend Analysis
Geography North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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Retail Sourcing & Procurement Market Research FAQs

What is the current Retail Sourcing and Procurement Market size?

The Retail Sourcing and Procurement Market is projected to register a CAGR of 13% during the forecast period (2025-2030)

Who are the key players in Retail Sourcing and Procurement Market?

Kinaxis, Proactis Holdings Plc., Coupa Software, HighJump Software and Basware Corporation are the major companies operating in the Retail Sourcing and Procurement Market.

Which is the fastest growing region in Retail Sourcing and Procurement Market?

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

Which region has the biggest share in Retail Sourcing and Procurement Market?

In 2025, the North America accounts for the largest market share in Retail Sourcing and Procurement Market.

What years does this Retail Sourcing and Procurement Market cover?

The report covers the Retail Sourcing and Procurement Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Retail Sourcing and Procurement Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Retail Sourcing & Procurement Industry Report

Statistics for the 2025 Retail Sourcing and Procurement market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Retail Sourcing and Procurement 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.