Procurement Management Software Market

Procurement management software is a computer program that automates materials purchasing and maintaining inventory. It essentially does several jobs at once while maintaining accuracy in all. Just a few of its responsibilities include generating purchase orders, implementing the process of ordering, matching invoices to delivered materials, and making payment for the bills electronically.

Procurement Management Software Market contains market size and forecasts of Procurement Management Software in Global, including the following market information:

Global Procurement Management Software Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Procurement Management Software market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Cloud-based Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Procurement Management Software include Tradogram, Promena, Officewise, GEP, NybSys, Empronc Solutions Pvt, Oracle, Comindware and Coupa, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Procurement Management Software companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Procurement Management Software Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Procurement Management Software Market Segment Percentages, by Type, 2021 (%)

• Cloud-based
• Web-based
• Others

Global Procurement Management Software Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Procurement Management Software Market Segment Percentages, by Application, 2021 (%)

• Large Companies and Multinational Enterprises
• Small and Medium-sized Companies
• Others

Global Procurement Management Software Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Procurement Management Software Market Segment Percentages, By Region and Country, 2021 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

• Key companies Procurement Management Software revenues in global market, 2017-2022 (estimated), ($ millions)
• Key companies Procurement Management Software revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

• Tradogram
• Promena
• Officewise
• GEP
• NybSys
• Empronc Solutions Pvt
• Oracle
• Comindware
• Coupa
• PurchaseControl
• Bellwether
• Procurify
• ProjecTools
• Paramount WorkPlace
• MercuryGate International Inc
• Agilyx New Zealand
• Aufait