Worldwide Procurement Applications Forecast, 2023–2027: Solid Growth Expected Driven by Value Delivery

IDC Market Forecast Figure

• Figure: Worldwide Procurement Applications Revenue Snapshot

Executive Summary

Advice for Technology Suppliers

Market Forecast

• Table: Worldwide Procurement Applications Revenue, 2022–2027: Current Currency and Constant Currency ($M)

• Figure: Worldwide Procurement Applications Revenue Growth, 2022–2027: Current Currency and Constant Currency

• Table: Worldwide Procurement Applications Revenue by Deployment Type, 2022–2027 ($M)

• Figure: Worldwide Procurement Applications Revenue by Deployment Type, 2022–2027

• Table: Worldwide Procurement Applications Revenue by Region, 2022–2027 ($M)

• Figure: Worldwide Procurement Applications Forecast by Region, 2022 and 2027

Market Context

• Drivers and Inhibitors

• Drivers

• Digital Transformation Efforts Transcend the Enterprise, and Procurement Plays a Prominent Role

• Procurement Applications Continue to Add Functionality and Improve the User Experience

• Procurement Has a More Prominent Seat at the Table

• Inhibitors

• The Long-Predicted Recession That May or May Not Happen

• Too Many Options?

• Significant Market Developments

• Changes from Prior Forecast

• Table: Worldwide Procurement Applications Revenue, 2018–2027: Comparison of June 2022 and June 2023 Forecasts ($M)

• Figure: Worldwide Procurement Applications Revenue in Current Currency, 2018–2027: Comparison of June 2022 and June 2023 Forecasts

• Figure: Worldwide Procurement Applications Revenue in Constant Currency, 2018–2027: Comparison of June 2022 and June 2023 Forecasts

Market Definition

Methodology

Related Research