Procurement Analytics Market Report 2026

Procurement Analytics Market Overview

• Procurement Analytics market size has reached to $6.25 billion in 2025 • Expected to grow to $17.92 billion in 2030 at a compound annual growth rate (CAGR) of 23.6% • Growth Driver: E-Commerce And Organized Retail Sector Driving Growth In Procurement Analytics Market • Market Trend: Enhanced spend analytics To Address The Growing Need To Justify Business Travel • North America was the largest region in 2025.

What Is Covered Under Procurement Analytics Market?

Procurement analytics refers to software which automates spend analysis and purchase analysis and operates completely organizations’ expenditure through an insightful dashboard. These procurement analytics solutions collect data from various sources such as ERPs, process raw data into use-case taxonomies, and display in visualization dashboards. The main components of procurement analytics are solutions and services. Procurement analytics solutions refer to procurement analytics software and tools that operate on on-premises or cloud platforms. The key applications of procurement analytics include supply chain analytics, risk analytics, spend analytics, demand forecasting, contract management, vendor management, and category management. They are used by end-use industries ranging from retail and e-commerce, manufacturing, government and defense, healthcare and life sciences, telecom and IT, energy and utilities, banking, financial services, and insurance (BFSI), others.

What Is The Procurement Analytics Market Growth Forecast?

The procurement analytics market size is expected to see exponential growth in the next few years. It will grow to $17.92 billion in 2030 at a compound annual growth rate (CAGR) of 23.6%. The growth in the forecast period can be attributed to increasing demand for real-time procurement intelligence, rising adoption of predictive sourcing strategies, expansion of cloud-native analytics platforms, growing focus on supply chain resilience, increasing integration of advanced visualization tools. Major trends in the forecast period include increasing adoption of ai-driven spend analytics, growing integration with enterprise resource planning systems, rising use of predictive risk analytics, expansion of supplier performance monitoring tools, enhanced focus on real-time procurement dashboards.

Global Procurement Analytics Market Segmentation

1) By Component: Solutions, Services 2) By Deployment Mode: Cloud, On-Premises 3) By End User: Retail And E-commerce, Manufacturing, Government And Defense, Healthcare And Life Sciences, Telecom And IT, Energy and Utilities, Banking, Financial Services, And Insurance, Other End Users 4) By Application: Supply Chain Analytics, Risk Analytics, Spend Analytics, Contract Management, Vendor Management, Category Management Subsegments: 1) By Solutions: Spend Analytics Solutions, Supplier Analytics Solutions, Contract Analytics Solutions, Procurement Performance Analytics Solutions, Risk Management Analytics Solutions 2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Education Services

What Is The Driver Of The Procurement Analytics Market?

Growth in e-commerce and the organized retail industry is expected to propel the growth of the procurement analytics market going forward. E-commerce refers to a medium used by customers and vendors to buy or sell goods and services from the Internet from websites, applications, and others through computers, tablets, smartphones, and other smart devices. Procurement analytics is widely used by e-commerce giants and organized retail stores, as it offers data-driven analysis of customer behaviors and spending analysis. For instance, in August 2023, according to the United States Census Bureau, a US-based government agency, when compared to the second quarter of 2022, the estimate for e-commerce in the second quarter of 2023 increased by 7.5% (or 1.4%), while overall retail sales increased by 0.6% (or 0.4%). 15.4% of all sales in the second quarter of 2023 were made through online stores. Therefore, growth in e-commerce and the organized retail industry is driving the growth of procurement analytics industry.

Key Players In The Global Procurement Analytics Market

Major companies operating in the procurement analytics market are SAP SE; Oracle Corporation; Coupa Software Inc.; Jaggaer; GEP Worldwide; Ivalua Inc.; Zycus; Basware Corporation; SynerTrade; Proactis; Sievo; Xeeva Inc.; ProcurePort; Corcentric Inc.; Scout RFP; BirchStreet Systems; Periscope Holdings; Keelvar; POOL4TOOL AG; Rosslyn Data Technologies

Global Procurement Analytics Market Trends and Insights

Major companies operating in the procurement analytics market are launching enhanced spend analytics to optimize their processes. Enhanced spend analytics refers to the advanced use of data analysis and technology to gain deeper insights into an organization's spending patterns, helping to optimize procurement and cost management. For instance, in October 2023, AirPlus, a US-based corporate payment specialist, launched AirPlus Intelligence Hub, a spend analytics platform, which enables customers to manage and monitor their spending metrics through a new dashboard. It offers a two-year spend overview, customizable filters by various categories, and multilingual support. Additional data modules will be added in 2024, providing customizable data downloads and advanced analytics capabilities, including a global spend overview and deeper insights into business trips and emissions data.

What Are Latest Mergers And Acquisitions In The Procurement Analytics Market?

In July 2024, Procure Analytics Inc., a US-based data and technology company, acquired DSSI LLC for an undisclosed amount. With this acquisition, Procure Analytics Inc. aims to strengthen its position as a full-scope solution provider for indirect goods and related services. DSSI LLC is a US-based procurement analytics company specializing in delivering data-driven insights for indirect procurement and supplier management.

Regional Insights

North America was the largest region in the procurement analytics market in 2025 and is also expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Procurement Analytics Market?

The procurement analytics market includes revenues earned by entities by providing services such as identifying need, supplier evaluation and selection, purchase order, and delivery. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Procurement Analytics Market Report 2026?

The procurement analytics market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the procurement analytics industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.