Technology & Telecommunications

Procurement Software: Market Size, Growth & Forecast to 2030

The Procurement Software market is valued at about $6 billion (2026) and is projected to grow at a 4.7% CAGR through 2030. The largest cost driver is Software Development and Engineering (35% of spend). North America leads demand at 45%.

Market size
$6.00 bn (2026)
CAGR to 2030
+4.7%
Buyer power
Favours buyers
Tracked suppliers
45

Projected market growth to 2030

Market size index, 2026 = 100, at the 4.7% CAGR.

1261171091001002026104.72027109.62028114.82029120.22030125.82031

Cost structure

Software Development and Engineering
35%
Sales and Marketing
25%
Cloud Infrastructure and Hosting
20%
Customer Support and Implementation
15%
General and Administrative
5%

Regional demand split

North America demand
45%
Europe demand
30%
Asia Pacific demand
15%
Rest of world demand
10%

Key suppliers

SAPOracleCoupa SoftwareIvaluaGEPJaggaer
Read the full Procurement Software report →

Claight market analysis of proprietary and public data. Full report: /category-intelligence/procurement-software