The Retail Sourcing And Procurement Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Retail Sourcing And Procurement Market?
The market size of the Retail Sourcing And Procurement Market increased significantly over the recent years. It is projected to rise from $5.61 billion in 2024 to $6.37 billion in 2025, experiencing a compound annual growth rate (CAGR) of 13.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Retail Sourcing And Procurement Industry?
The Retail Sourcing And Procurement Global Market Report 2025 anticipates that by 2029, the market will be worth $10.83 billion, with a compound annual growth rate (CAGR) of 14.2%.
Download Your Free Sample of the 2025 Retail Sourcing And Procurement Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Retail Sourcing And Procurement Market?
The key drivers in the retail sourcing and procurement market are:
• Increasing use of cloud-based platforms in the retail sector
• Rise in blockchain adoption for sourcing and procurement processes
• Growth in digital technologies such as automation, analytics, and AI in retail
• Emphasis on deployment of procurement-as-a-service (PaaS) models
Global Market Segmentation: Identifying Major Retail Sourcing And Procurement Industry Segments
The retail sourcing and procurement market covered in this report is segmented –
1) By Solution: Strategic Sourcing, Supplier Management, Contract Management, Procure-to-Pay, Spend Analysis
2) By Service: Implementation, Consulting, Training and Support
3) By Deployment: On-Premise, Hybrid, Cloud
4) By End-User: Small And Medium Enterprise (SME), Large Enterprise
Pre-order the 2025 Retail Sourcing And Procurement Global Market Report for Fast Delivery & Comprehensive Insights!
What are the Emerging Trends Shaping the Future of the Retail Sourcing And Procurement Market?
The key trends in the retail sourcing and procurement market are:
• Localization of suppliers is becoming a crucial trend in the retail sourcing and procurement market.
• Adoption of "Procurement-as-a-Service" (PaaS) model is becoming increasingly significant across the market.
• The market players are increasingly focusing on deploying artificial intelligence and digitization.
• The market is witnessing a trend of mergers, acquisitions, and launch of innovative products.
Who Are the Top Competitors & Leading Players in the Retail Sourcing And Procurement Market?
Major companies in the retail sourcing and procurement market are:
• IBM Corporation
• Oracle Corporation
• SAP SE
• Coupa Software Incorporated
• Ivalua Inc
• Zycus Inc
• GEP Worldwide
• Epicor Software Corporation
• Basware Corporation
• Vroozi Inc
• ET2C International
• Alibaba
• Supreme Group
• Infiniti Research
• Proactis
• Accenture
• GEODIS
• PwC
• Jumia
• KPMG
• Dragon Sourcing
• EDS International
• Blue Yonder
• Protiviti
• Honeywell International Inc.
• Bain & Company
• Theodor Wille Intertrade
• Boston Consulting
• Cayena
• Linkana
• Coletar
• Dukkantek
• Conektr
• Lawazem
• EPCM Holdings
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the retail sourcing and procurement market in 2024
