This report was recently updated on December 14 2024 with the latest and most recent
market numbers
Global Procurement Orchestration Market Size, Trends & Analysis - Forecasts to 2029 By End-use Industry (Manufacturing, Retail and E-Commerce, Healthcare and Pharmaceuticals, BFSI, IT and Telecom, Energy and Utilities, Government and Public Sector, and Others), By Function (Strategic Sourcing, Purchase Order Management, Invoice and Payment Processing, and Risk and Compliance Management), By Component (Solutions [Spend Management, Supplier Management, Procurement Analytics, Contract Management, and Workflow Automation] and Services [Implementation and Integration, Consulting, and Support and Maintenance]), By Deployment Mode (Cloud-based and On-premises), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis
The global procurement orchestration market is estimated to exhibit a CAGR of 21.4% from 2024 to 2029.
The primary factors propelling the market growth are the growing adoption of digital transformation in procurement processes and the increasing demand for cost reduction and supply chain efficiency. Organizations worldwide are leveraging digital tools and technologies such as artificial intelligence, machine learning, and cloud-based platforms to streamline procurement operations, enhance supplier collaboration, and improve overall efficiency. Digital transformation enables real-time visibility into procurement activities, helping businesses make data-driven decisions and optimize their supply chain management. Furthermore, automating the procurement process speeds up the cycle, minimizes errors, and decreases manual intervention—all of which increase cost effectiveness. The difficulty of managing supplier networks, compliance, and risk mitigation rises when companies go worldwide. As businesses expand globally, the complexity of managing supplier networks, compliance, and risk mitigation increases. Digital procurement orchestration solutions address these challenges by providing end-to-end workflows, predictive analytics, and process standardization.
The rapid integration of AI and automation in procurement solutions and the rising need for real-time visibility into procurement activities are expected to support market growth. AI-powered tools enable predictive analytics, demand forecasting, and supplier performance evaluation, allowing organizations to make data-driven decisions more accurately and efficiently. By automating repetitive processes like supplier onboarding, invoice management, and purchase order processing, manual intervention, processing time, and operating expenses are greatly decreased. These technologies enhance procurement workflows by identifying cost-saving opportunities, mitigating supply chain risks, and ensuring compliance with regulatory requirements. AI-driven insights also empower businesses to optimize supplier selection and negotiation strategies, resulting in improved value across the supply chain. Furthermore, automation fosters real-time collaboration between stakeholders, improving agility in response to dynamic market conditions.
The proliferation of cloud-based procurement orchestration platforms and the growing importance of sustainable and ethical sourcing practices propel market growth. Cloud-based procurement orchestration platforms offer scalability, flexibility, and cost-efficiency, making them an attractive solution for businesses of all sizes. Cloud-based solutions enable real-time access to procurement data, allowing organizations to streamline operations, enhance collaboration with suppliers, and ensure transparency across the supply chain. They enable quicker adoption and lower upfront expenses by doing away with the requirement for substantial on-premise infrastructure. Furthermore, the rise of subscription-based models and continuous updates ensures that organizations can adapt seamlessly to evolving market demands and compliance requirements, further driving the adoption of cloud-based procurement orchestration platforms.
However, the high implementation costs, concerns over data breaches, and compliance with global data privacy regulations can impede market growth.
The manufacturing segment is expected to hold the largest share of the market over the forecast period. Manufacturing relies on complex supply chains, requiring efficient procurement orchestration solutions to manage raw material sourcing, supplier relationships, inventory, and logistics. Due to this complexity, comprehensive, automated procurement systems are necessary to ensure seamless operations.
The retail and e-commerce segment is expected to be the fastest-growing segment in the market from 2024 to 2029. For the retail and e-commerce industries to fulfill consumer orders on schedule, supply chain visibility is crucial. Procurement orchestration platforms offer end-to-end visibility, allowing businesses to track products from suppliers to consumers, ensuring seamless order fulfillment.
The purchase order management segment is expected to hold the largest share of the market over the forecast period. Purchase order management solutions provide real-time visibility into order status, shipments, and inventory levels. This allows procurement teams to monitor progress, mitigate delays, and ensure that goods and services are delivered according to schedule, minimizing supply chain disruptions.
The risk and compliance management segment is anticipated to be the fastest-growing segment in the market from 2024 to 2029. As global procurement expands, businesses must comply with diverse and ever-evolving regulations. Risk and compliance management helps organizations navigate complex legal requirements, ensuring procurement processes are compliant and reducing the risk of regulatory penalties and legal issues.
The solutions segment is expected to hold the largest share of the market over the forecast period. Procurement solutions can easily integrate with other enterprise systems, such as ERP, CRM, and inventory management platforms. This seamless integration allows businesses to optimize their entire procurement ecosystem, making these solutions a key driver of market growth.
The services segment is anticipated to be the fastest-growing segment in the market from 2024 to 2029. Implementing procurement orchestration solutions often requires expert services for smooth integration with existing systems such as ERPs and CRMs. The need for specialized integration services fuels market growth, as businesses rely on third-party providers for seamless deployment.
The cloud-based segment is expected to be the largest and fastest-growing segment in the market over the forecast period. Cloud-based procurement orchestration tools can be deployed faster than traditional on-premises systems. Additionally, cloud platforms provide seamless software updates, ensuring companies always have access to the most recent security patches and features, which drives their market growth.
North America is expected to be the largest region in the global market. Initiatives for digital transformation are being undertaken by numerous companies in North America in an effort to streamline operations. The demand for procurement orchestration platforms, as part of this transformation, is growing rapidly, driving the market's expansion in the region.
Asia Pacific is anticipated to witness rapid growth during the forecast period. The booming e-commerce and retail sectors in Asia Pacific demand sophisticated procurement orchestration systems to manage large volumes of orders, streamline inventory, and optimize supplier relationships. This growth is fueling the region’s rapid adoption of procurement solutions.
GEP, Airbase, Ivalua Inc., Arkestro, Inc., IBM, Coupa, SpendHQ, ORO, SAP SE, and Zip among others, are some of the key players in the global procurement orchestration market.
Please note: This is not an exhaustive list of companies profiled in the report.
In June 2024, Airbase announced the launch of its improved vendor management and expenditure analytics tools. Airbase's spend orchestration software gains a crucial and distinctive dimension from these.
In May 2024, GEP introduced the first AI-powered complete orchestration solution in the market to improve enterprise efficiency and user experience. The GEP orchestration engine significantly enhances collaboration, visibility, decision-making, and business outcomes by streamlining and automating data flows and procurement procedures.
1 STRATEGIC INSIGHTS ON NEW REVENUE POCKETS
1.1 Strategic Opportunity & Attractiveness Analysis
1.1.1 Hot Revenue Pockets
1.1.2 Market Attractiveness Score
1.1.3 Revenue Impacting Opportunity
1.1.4 High Growing Region/Country
1.1.5 Competitor Analysis
1.1.6 Consumer Analysis
1.2 Global Market Estimates' View
1.3 Strategic Insights across Business Functions
1.3.1 For Chief Executive Officers
1.3.2 For Chief Marketing Officers
1.3.3 For Chief Strategy Officers
1.4 Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into
2 TECHNOLOGICAL TRENDS
2.1 Technological Adoption Rate
2.2 Current Trend Impact Analysis
2.3 Future Trend Impact Analysis
3 GLOBAL MARKET OUTLOOK
3.1 Market Pyramid Analysis
3.1.1 Introduction
3.1.2 Adjacent Market Opportunities
3.1.3 Ancillary Market Opportunities
3.2 Demand Side Analysis
3.2.1 Market Drivers: Impact Analysis
3.2.2 Market Restraints: Impact Analysis
3.2.3 Market Opportunities: Impact Analysis
3.2.4 Market Challenges: Impact Analysis
3.3 Supply Side Analysis
3.3.1 Porter’s Five Forces Analysis
3.3.1.1 Threat of New Entrants
3.3.1.2 Threat of New Substitutes
3.3.1.3 Bargaining Power of Suppliers
3.3.1.4 Bargaining Power of Buyers
3.3.1.5 Intensity of Competitive Rivalry
3.3.2 SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)
3.3.2.1 Political Landscape
3.3.2.2 Economic Landscape
3.3.2.3 Social Landscape
3.3.2.4 Component Landscape
3.3.3 Value Chain Analysis
3.3.4 Trend Analysis
3.3.5 Gap Analysis
3.3.6 Cost Analysis
4 GLOBAL PROCUREMENT ORCHESTRATION MARKET, BY COMPONENT
4.1 Introduction
4.2 Procurement Orchestration Market: Component Scope Key Takeaways
4.3 Revenue Growth Analysis, 2023 & 2029
4.4 Solutions [Spend Management, Supplier Management, Procurement Analytics, Contract Management, and Workflow Automation]
4.4.1 Solutions [Spend Management, Supplier Management, Procurement Analytics, Contract Management, and Workflow Automation] Market Estimates and Forecast, 2021-2029 (USD Billion)
4.5 Services [Implementation and Integration, Consulting, and Support and Maintenance]
4.5.1 Services [Implementation and Integration, Consulting, and Support and Maintenance] Market Estimates and Forecast, 2021-2029 (USD Billion)
5 GLOBAL PROCUREMENT ORCHESTRATION MARKET, BY END-USE INDUSTRY
5.1 Introduction
5.2 Procurement Orchestration Market: End-use Industry Scope Key Takeaways
5.3 Revenue Growth Analysis, 2023 & 2029
5.4 Manufacturing
5.4.1 Manufacturing Market Estimates and Forecast, 2021-2029 (USD Billion)
5.5 Retail and E-Commerce
5.5.1 Retail and E-Commerce Market Estimates and Forecast, 2021-2029 (USD Billion)
5.6 Healthcare and Pharmaceuticals
5.6.1 Healthcare and Pharmaceuticals Market Estimates and Forecast, 2021-2029 (USD Billion)
5.7 BFSI
5.7.1 BFSI Market Estimates and Forecast, 2021-2029 (USD Billion)
5.8 IT and Telecom
5.8.1 IT and Telecom Market Estimates and Forecast, 2021-2029 (USD Billion)
5.9 Energy and Utilities
5.9.1 Energy and Utilities Market Estimates and Forecast, 2021-2029 (USD Billion)
5.10 Government and Public Sector
5.10.1 Government and Public Sector Market Estimates and Forecast, 2021-2029 (USD Billion)
5.11 Others
5.11.1 Others Market Estimates and Forecast, 2021-2029 (USD Billion)
6 GLOBAL PROCUREMENT ORCHESTRATION MARKET, BY DEPLOYMENT MODE
6.1 Introduction
6.2 Procurement Orchestration Market: Deployment Mode Scope Key Takeaways
6.3 Revenue Growth Analysis, 2023 & 2029
6.4 Cloud-based
6.4.1 Cloud-based Market Estimates and Forecast, 2021-2029 (USD Billion)
6.5 On-premises
6.5.1 On-premises Market Estimates and Forecast, 2021-2029 (USD Billion)
7 GLOBAL PROCUREMENT ORCHESTRATION MARKET, BY FUNCTION
7.1 Introduction
7.2 Procurement Orchestration Market: Function Scope Key Takeaways
7.3 Revenue Growth Analysis, 2023 & 2029
7.4 Strategic Sourcing
7.4.1 Strategic Sourcing Market Estimates and Forecast, 2021-2029 (USD Billion)
7.5 Purchase Order Management
7.5.1 Purchase Order Management Market Estimates and Forecast, 2021-2029 (USD Billion)
7.6 Invoice and Payment Processing
7.6.1 Invoice and Payment Processing Market Estimates and Forecast, 2021-2029 (USD Billion)
7.7 Risk and Compliance Management
7.7.1 Risk and Compliance Management Market Estimates and Forecast, 2021-2029 (USD Billion)
8 GLOBAL PROCUREMENT ORCHESTRATION MARKET, BY REGION
8.1 Introduction
8.2 North America Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.2.1 By Component
8.2.2 By End-use Industry
8.2.3 By Deployment Mode
8.2.4 By Function
8.2.5 By Country
8.2.5.1 U.S. Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.2.5.1.1 By Component
8.2.5.1.2 By End-use Industry
8.2.5.1.3 By Deployment Mode
8.2.5.1.4 By Function
8.2.5.2 Canada Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.2.5.2.1 By Component
8.2.5.2.2 By End-use Industry
8.2.5.2.3 By Deployment Mode
8.2.5.2.4 By Function
8.2.5.3 Mexico Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.2.5.3.1 By Component
8.2.5.3.2 By End-use Industry
8.2.5.3.3 By Deployment Mode
8.2.5.3.4 By Function
8.3 Europe Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.3.1 By Component
8.3.2 By End-use Industry
8.3.3 By Deployment Mode
8.3.4 By Function
8.3.5 By Country
8.3.5.1 Germany Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.3.5.1.1 By Component
8.3.5.1.2 By End-use Industry
8.3.5.1.3 By Deployment Mode
8.3.5.1.4 By Function
8.3.5.2 U.K. Presered Flowers Market Estimates and Forecast, 2021-2029 (USD Billion)
8.3.5.2.1 By Component
8.3.5.2.2 By End-use Industry
8.3.5.2.3 By Deployment Mode
8.3.5.2.4 By Function
8.3.5.3 France Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.3.5.3.1 By Component
8.3.5.3.2 By End-use Industry
8.3.5.3.3 By Deployment Mode
8.3.5.3.4 By Function
8.3.5.4 Italy Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.3.5.4.1 By Component
8.3.5.4.2 By End-use Industry
8.3.5.4.3 By Deployment Mode
8.3.5.4.4 By Function
8.3.5.5 Spain Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.3.5.5.1 By Component
8.3.5.5.2 By End-use Industry
8.3.5.5.3 By Deployment Mode
8.3.5.5.4 By Function
8.3.5.6 Netherlands Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.3.5.6.1 By Component
8.3.5.6.2 By End-use Industry
8.3.5.6.3 By Deployment Mode
8.3.5.6.4 By Function
8.3.5.7 Rest of Europe Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.3.5.7.1 By Component
8.3.5.7.2 By End-use Industry
8.3.5.7.3 By Deployment Mode
8.3.5.7.4 By Function
8.4 Asia Pacific Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.4.1 By Component
8.4.2 By End-use Industry
8.4.3 By Deployment Mode
8.4.4 By Function
8.4.5 By Country
8.4.5.1 China Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.4.5.1.1 By Component
8.4.5.1.2 By End-use Industry
8.4.5.1.3 By Deployment Mode
8.4.5.1.4 By Function
8.4.5.2 Japan Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.4.5.2.1 By Component
8.4.5.2.2 By End-use Industry
8.4.5.2.3 By Deployment Mode
8.4.5.2.4 By Function
8.4.5.3 India Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.4.5.3.1 By Component
8.4.5.3.2 By End-use Industry
8.4.5.3.3 By Deployment Mode
8.4.5.3.4 By Function
8.4.5.4 South Korea Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.4.5.4.1 By Component
8.4.5.4.2 By End-use Industry
8.4.5.4.3 By Deployment Mode
8.4.5.4.4 By Function
8.4.5.5 Singapore Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.4.5.5.1 By Component
8.4.5.5.2 By End-use Industry
8.4.5.5.3 By Deployment Mode
8.4.5.5.4 By Function
8.4.5.6 Malaysia Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.4.5.6.1 By Component
8.4.5.6.2 By End-use Industry
8.4.5.6.3 By Deployment Mode
8.4.5.6.4 By Function
8.4.5.7 Thailand Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.4.5.7.1 By Component
8.4.5.7.2 By End-use Industry
8.4.5.7.3 By Deployment Mode
8.4.5.7.4 By Function
8.4.5.8 Indonesia Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.4.5.8.1 By Component
8.4.5.8.2 By End-use Industry
8.4.5.8.3 By Deployment Mode
8.4.5.8.4 By Function
8.4.5.9 Vietnam Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.4.5.9.1 By Component
8.4.5.9.2 By End-use Industry
8.4.5.9.3 By Deployment Mode
8.4.5.9.4 By Function
8.4.5.10 Taiwan Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.4.5.10.1 By Component
8.4.5.10.2 By End-use Industry
8.4.5.10.3 By Deployment Mode
8.4.5.10.4 By Function
8.4.5.11 Rest of Asia Pacific Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.4.5.11.1 By Component
8.4.5.11.2 By End-use Industry
8.4.5.11.3 By Deployment Mode
8.4.5.11.4 By Function
8.5 Middle East and Africa Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.5.1 By Component
8.5.2 By End-use Industry
8.5.3 By Deployment Mode
8.5.4 By Function
8.5.5 By Country
8.5.5.1 Saudi Arabia Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.5.5.1.1 By Component
8.5.5.1.2 By End-use Industry
8.5.5.1.3 By Deployment Mode
8.5.5.1.4 By Function
8.5.5.2 U.A.E. Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.5.5.2.1 By Component
8.5.5.2.2 By End-use Industry
8.5.5.2.3 By Deployment Mode
8.5.5.2.4 By Function
8.5.5.3 Israel Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.5.4.3.1 By Component
8.5.4.3.2 By End-use Industry
8.5.4.3.3 By Deployment Mode
8.5.5.3.4 By Function
8.5.5.4 South Africa Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.5.5.4.1 By Component
8.5.5.4.2 By End-use Industry
8.5.5.4.3 By Deployment Mode
8.5.5.4.4 By Function
8.5.5.5 Rest of Middle East and Africa Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.5.5.5.1 By Component
8.5.5.5.2 By End-use Industry
8.5.5.5.2 By Deployment Mode
8.5.5.5.4 By Function
8.6 Central & South America Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.6.1 By Component
8.6.2 By End-use Industry
8.6.3 By Deployment Mode
8.6.4 By Function
8.6.5 By Country
8.6.5.1 Brazil Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.6.5.1.1 By Component
8.6.5.1.2 By End-use Industry
8.6.5.1.3 By Deployment Mode
8.6.5.1.4 By Function
8.6.5.2 Argentina Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.6.5.2.1 By Component
8.6.5.2.2 By End-use Industry
8.6.5.2.3 By Deployment Mode
8.6.5.2.4 By Function
8.6.5.3 Chile Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.6.5.3.1 By Component
8.6.5.3.2 By End-use Industry
8.6.5.3.3 By Deployment Mode
8.6.5.5.4 By Function
8.6.5.4 Rest of Central & South America Procurement Orchestration Market Estimates and Forecast, 2021-2029 (USD Billion)
8.6.5.4.1 By Component
8.6.5.4.2 By End-use Industry
8.6.5.4.3 By Deployment Mode
8.6.5.4.4 By Function
9 COMPETITIVE LANDCAPE
9.1 Company Market Share Analysis
9.2 Four Quadrant Positioning Matrix
9.2.1 Market Leaders
9.2.2 Market Visionaries
9.2.3 Market Challengers
9.2.4 Niche Market Players
9.3 Vendor Landscape
9.3.1 North America
9.3.2 Europe
9.3.3 Asia Pacific
9.3.4 Rest of the World
9.4 Company Profiles
9.4.1 GEP
9.4.1.1 Business Description & Financial Analysis
9.4.1.2 SWOT Analysis
9.4.1.3 Products & Services Offered
9.4.1.4 Strategic Alliances between Business Partners
9.4.2 Airbase
9.4.2.1 Business Description & Financial Analysis
9.4.2.2 SWOT Analysis
9.4.2.3 Products & Services Offered
9.4.2.4 Strategic Alliances between Business Partners
9.4.3 Ivalua Inc.
9.4.3.1 Business Description & Financial Analysis
9.4.3.2 SWOT Analysis
9.4.3.3 Products & Services Offered
9.4.3.4 Strategic Alliances between Business Partners
9.4.4 Arkestro, Inc.
9.4.4.1 Business Description & Financial Analysis
9.4.4.2 SWOT Analysis
9.4.4.3 Products & Services Offered
9.4.4.4 Strategic Alliances between Business Partners
9.4.5 IBM
9.4.5.1 Business Description & Financial Analysis
9.4.5.2 SWOT Analysis
9.4.5.3 Products & Services Offered
9.4.5.4 Strategic Alliances between Business Partners
9.4.6 COUPA
9.4.6.1 Business Description & Financial Analysis
9.4.6.2 SWOT Analysis
9.4.6.3 Products & Services Offered
9.4.6.4 Strategic Alliances between Business Partners
9.4.7 SpendHQ
9.4.7.1 Business Description & Financial Analysis
9.4.7.2 SWOT Analysis
9.4.7.3 Products & Services Offered
9.4.8.4 Strategic Alliances between Business Partners
9.4.8 ORO
9.4.8.1 Business Description & Financial Analysis
9.4.8.2 SWOT Analysis
9.4.8.3 Products & Services Offered
9.4.8.4 Strategic Alliances between Business Partners
9.4.9 SAP SE
9.4.9.1 Business Description & Financial Analysis
9.4.9.2 SWOT Analysis
9.4.9.3 Products & Services Offered
9.4.9.4 Strategic Alliances between Business Partners
9.4.10 Zip
9.4.10.1 Business Description & Financial Analysis
9.4.10.2 SWOT Analysis
9.4.10.3 Products & Services Offered
9.4.10.4 Strategic Alliances between Business Partners
9.4.11 Other Companies
9.4.11.1 Business Description & Financial Analysis
9.4.11.2 SWOT Analysis
9.4.11.3 Products & Services Offered
9.4.11.4 Strategic Alliances between Business Partners
10 RESEARCH METHODOLOGY
10.1 Market Introduction
10.1.1 Market Definition
10.1.2 Market Scope & Segmentation
10.2 Information Procurement
10.2.1 Secondary Research
10.2.1.1 Purchased Databases
10.2.1.2 GMEs Internal Data Repository
10.2.1.3 Secondary Resources & Third Party Perspectives
10.2.1.4 Company Information Sources
10.2.2 Primary Research
10.2.2.1 Various Types of Respondents for Primary Interviews
10.2.2.2 Number of Interviews Conducted throughout the Research Process
10.2.2.3 Primary Stakeholders
10.2.2.4 Discussion Guide for Primary Participants
10.2.3 Expert Panels
10.2.3.1 Expert Panels Across 30+ Industry
10.2.4 Paid Local Experts
10.2.4.1 Paid Local Experts Across 30+ Industry Across each Region
10.3 Market Estimation
10.3.1 Top-Down Approach
10.3.1.1 Macro-Economic Indicators Considered
10.3.1.2 Micro-Economic Indicators Considered
10.3.2 Bottom Up Approach
10.3.2.1 Company Share Analysis Approach
10.3.2.2 Estimation of Potential Product Sales
10.4 Data Triangulation
10.4.1 Data Collection
10.4.2 Time Series, Cross Sectional & Panel Data Analysis
10.4.3 Cluster Analysis
10.5 Analysis and Output
10.5.1 Inhouse AI Based Real Time Analytics Tool
10.5.2 Output From Desk & Primary Research
10.6 Research Assumptions & Limitations
10.7.1 Research Assumptions
10.7.2 Research Limitations
LIST OF TABLES
1 Global Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
2 Solutions [Spend Management, Supplier Management, Procurement Analytics, Contract Management, and Workflow Automation] Market, By Region, 2021-2029 (USD Billion)
3 Services [Implementation and Integration, Consulting, and Support and Maintenance] Market, By Region, 2021-2029 (USD Billion)
4 Global Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
5 Manufacturing Market, By Region, 2021-2029 (USD Billion)
6 Retail and E-Commerce Market, By Region, 2021-2029 (USD Billion)
7 Healthcare and Pharmaceuticals Market, By Region, 2021-2029 (USD Billion)
8 BFSI Market, By Region, 2021-2029 (USD Billion)
9 IT and Telecom Market, By Region, 2021-2029 (USD Billion)
10 Energy and Utilities Market, By Region, 2021-2029 (USD Billion)
11 Government and Public Sector Market, By Region, 2021-2029 (USD Billion)
12 Others Market, By Region, 2021-2029 (USD Billion)
13 Global Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
14 Cloud-based Market, By Region, 2021-2029 (USD Billion)
15 On-premises Market, By Region, 2021-2029 (USD Billion)
16 Global Procurement Orchestration Market, By FUNCTION, 2021-2029 (USD Billion)
17 Strategic Sourcing Market, By Region, 2021-2029 (USD Billion)
18 Purchase Order Management Market, By Region, 2021-2029 (USD Billion)
19 Invoice and Payment Processing Market, By Region, 2021-2029 (USD Billion)
20 Risk and Compliance Management Market, By Region, 2021-2029 (USD Billion)
21 Regional Analysis, 2021-2029 (USD Billion)
22 North America Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
23 North America Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
24 North America Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
25 North America Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
26 North America Procurement Orchestration Market, By Country, 2021-2029 (USD Billion)
27 U.S Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
28 U.S Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
29 U.S Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
30 U.S Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
31 Canada Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
32 Canada Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
33 Canada Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
34 CANADA Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
35 Mexico Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
36 Mexico Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
37 Mexico Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
38 mexico Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
39 Europe Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
40 Europe Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
41 Europe Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
42 europe Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
43 europe Procurement Orchestration Market, By COUNTRY, 2021-2029 (USD Billion)
44 Germany Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
45 Germany Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
46 Germany Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
47 germany Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
48 UK Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
49 UK Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
50 UK Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
51 U.kProcurement Orchestration Market, By Function, 2021-2029 (USD Billion)
52 France Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
53 France Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
54 France Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
55 france Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
56 Italy Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
57 Italy Procurement Orchestration Market, By T End-use Industry Type, 2021-2029 (USD Billion)
58 Italy Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
59 italy Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
60 Spain Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
61 Spain Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
62 Spain Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
63 spain Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
64 Netherlands Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
65 Netherlands Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
66 Netherlands Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
67 Netherlands Procurement Orchestration Market, By FUNCTION, 2021-2029 (USD Billion)
68 Rest Of Europe Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
69 Rest Of Europe Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
70 Rest of Europe Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
71 REST OF EUROPE Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
72 Asia Pacific Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
73 Asia Pacific Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
74 Asia Pacific Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
75 asia Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
76 Asia Pacific Procurement Orchestration Market, By Country, 2021-2029 (USD Billion)
77 China Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
78 China Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
79 China Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
80 china Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
81 India Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
82 India Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
83 India Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
84 india Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
85 Japan Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
86 Japan Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
87 Japan Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
88 japan Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
89 South Korea Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
90 South Korea Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
91 South Korea Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
92 south korea Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
93 Singapore Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
94 Singapore Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
95 Singapore Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
96 Singapore Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
97 Thailand Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
98 Thailand Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
99 Thailand Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
100 Thailand Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
101 MALAYSIA Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
102 MALAYSIA Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
103 MALAYSIA Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
104 MALAYSIA Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
105 Vietnam Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
106 Vietnam Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
107 Vietnam Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
108 Taiwan Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
109 Taiwan Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
110 Taiwan Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
111 Taiwan Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
112 REST OF APAC Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
113 REST OF APAC Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
114 REST OF APAC Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
115 Rest of APAC Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
116 Middle East and Africa Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
117 Middle East and Africa Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
118 Middle East and Africa Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
119 MIDDLE EAST AND AFRICA Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
120 Middle East and Africa Procurement Orchestration Market, By Country, 2021-2029 (USD Billion)
121 Saudi Arabia Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
122 Saudi Arabia Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
123 Saudi Arabia Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
124 saudi arabia Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
125 UAE Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
126 UAE Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
127 UAE Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
128 uae Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
129 Israel Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
130 Israel Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
131 Israel Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
132 Israel Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
133 South Africa Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
134 South Africa Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
135 South Africa Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
136 South Africa Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
137 REST OF MIDDLE EAST AND AFRICA Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
138 REST OF MIDDLE EAST AND AFRICA Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
139 REST OF MIDDLE EAST AND AFRICA Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
140 REST OF MIDDLE EAST AND AFRICA Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
141 Central & South America Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
142 Central & South America Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
143 Central & South America Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
144 CENTRAL & SOUTH AMERICA Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
145 Central & South America Procurement Orchestration Market, By Country, 2021-2029 (USD Billion)
146 Brazil Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
147 Brazil Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
148 Brazil Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
149 brazil Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
150 Chile Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
151 Chile Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
152 Chile Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
153 Chile Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
154 Argentina Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
155 Argentina Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
156 Argentina Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
157 Argentina Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
158 REST OF CENTRAL AND SOUTH AMERICA Procurement Orchestration Market, By Component, 2021-2029 (USD Billion)
159 REST OF CENTRAL AND SOUTH AMERICA Procurement Orchestration Market, By End-use Industry, 2021-2029 (USD Billion)
160 REST OF CENTRAL AND SOUTH AMERICA Procurement Orchestration Market, By Deployment Mode, 2021-2029 (USD Billion)
161 REST OF CENTRAL AND SOUTH AMERICA Procurement Orchestration Market, By Function, 2021-2029 (USD Billion)
162 GEP: Products & Services Offering
163 Airbase: Products & Services Offering
164 Ivalua Inc.: Products & Services Offering
165 Arkestro, Inc.: Products & Services Offering
166 IBM: Products & Services Offering
167 COUPA: Products & Services Offering
168 SpendHQ: Products & Services Offering
169 ORO: Products & Services Offering
170 SAP SE, Inc: Products & Services Offering
171 Zip: Products & Services Offering
172 Other Companies: Products & Services Offering
LIST OF FIGURES
1 Global Procurement Orchestration Market Overview
2 Global Procurement Orchestration Market Value From 2021-2029 (USD Billion)
3 Global Procurement Orchestration Market Share, By Component (2023)
4 Global Procurement Orchestration Market Share, By End-use Industry (2023)
5 Global Procurement Orchestration Market Share, By Deployment Mode (2023)
6 Global Procurement Orchestration Market Share, By Function (2023)
7 Global Procurement Orchestration Market, By Region (Asia Pacific Market)
8 Technological Trends In Global Procurement Orchestration Market
9 Four Quadrant Competitor Positioning Matrix
10 Impact Of Macro & Micro Indicators On The Market
11 Impact Of Key Drivers On The Global Procurement Orchestration Market
12 Impact Of Challenges On The Global Procurement Orchestration Market
13 Porter’s Five Forces Analysis
14 Global Procurement Orchestration Market: By Component Scope Key Takeaways
15 Global Procurement Orchestration Market, By Component Segment: Revenue Growth Analysis
16 Solutions [Spend Management, Supplier Management, Procurement Analytics, Contract Management, and Workflow Automation] Market, By Region, 2021-2029 (USD Billion)
17 Services [Implementation and Integration, Consulting, and Support and Maintenance] Market, By Region, 2021-2029 (USD Billion)
18 Global Procurement Orchestration Market: By End-use Industry Scope Key Takeaways
19 Global Procurement Orchestration Market, By End-use Industry Segment: Revenue Growth Analysis
20 Manufacturing Market, By Region, 2021-2029 (USD Billion)
21 Retail and E-Commerce Market, By Region, 2021-2029 (USD Billion)
22 Healthcare and Pharmaceuticals Market, By Region, 2021-2029 (USD Billion)
23 BFSI Market, By Region, 2021-2029 (USD Billion)
24 IT and Telecom Market, By Region, 2021-2029 (USD Billion)
25 Energy and Utilities Market, By Region, 2021-2029 (USD Billion)
26 Government and Public Sector Market, By Region, 2021-2029 (USD Billion)
27 Others Market, By Region, 2021-2029 (USD Billion) Global Procurement Orchestration Market: By Deployment Mode Scope Key Takeaways
28 Global Procurement Orchestration Market, By Deployment Mode Segment: Revenue Growth Analysis
29 Cloud-based Market, By Region, 2021-2029 (USD Billion)
30 On-premises Market, By Region, 2021-2029 (USD Billion)
31 Global Procurement Orchestration Market: By Function Scope Key Takeaways
32 Global Procurement Orchestration Market, By Function Segment: Revenue Growth Analysis
33 Strategic Sourcing Market, By Region, 2021-2029 (USD Billion)
34 Purchase Order Management Market, By Region, 2021-2029 (USD Billion)
35 Invoice and Payment Processing Market, By Region, 2021-2029 (USD Billion)
36 Risk and Compliance Management Market, By Region, 2021-2029 (USD Billion)
37 Regional Segment: Revenue Growth Analysis
38 Global Procurement Orchestration Market: Regional Analysis
39 North America Procurement Orchestration Market Overview
40 North America Procurement Orchestration Market, By Component
41 North America Procurement Orchestration Market, By End-use Industry
42 North America Procurement Orchestration Market, By Deployment Mode
43 North America Procurement Orchestration Market, By Function
44 North America Procurement Orchestration Market, By Country
45 U.S. Procurement Orchestration Market, By Component
46 U.S. Procurement Orchestration Market, By End-use Industry
47 U.S. Procurement Orchestration Market, By Deployment Mode
48 U.S. Procurement Orchestration Market, By Function
49 Canada Procurement Orchestration Market, By Component
50 Canada Procurement Orchestration Market, By End-use Industry
51 Canada Procurement Orchestration Market, By Deployment Mode
52 Canada Procurement Orchestration Market, By Function
53 Mexico Procurement Orchestration Market, By Component
54 Mexico Procurement Orchestration Market, By End-use Industry
55 Mexico Procurement Orchestration Market, By Deployment Mode
56 Mexico Procurement Orchestration Market, By Function
57 Four Quadrant Positioning Matrix
58 Company Market Share Analysis
59 GEP: Company Snapshot
60 GEP: SWOT Analysis
61 GEP: Geographic Presence
62 Airbase: Company Snapshot
63 Airbase: SWOT Analysis
64 Airbase: Geographic Presence
65 Ivalua Inc.: Company Snapshot
66 Ivalua Inc.: SWOT Analysis
67 Ivalua Inc.: Geographic Presence
68 Arkestro, Inc.: Company Snapshot
69 Arkestro, Inc.: Swot Analysis
70 Arkestro, Inc.: Geographic Presence
71 IBM: Company Snapshot
72 IBM: SWOT Analysis
73 IBM: Geographic Presence
74 COUPA: Company Snapshot
75 COUPA: SWOT Analysis
76 COUPA: Geographic Presence
77 SpendHQ : Company Snapshot
78 SpendHQ : SWOT Analysis
79 SpendHQ : Geographic Presence
80 ORO: Company Snapshot
81 ORO: SWOT Analysis
82 ORO: Geographic Presence
83 SAP SE, Inc.: Company Snapshot
84 SAP SE, Inc.: SWOT Analysis
85 SAP SE, Inc.: Geographic Presence
86 Zip: Company Snapshot
87 Zip: SWOT Analysis
88 Zip: Geographic Presence
89 Other Companies: Company Snapshot
90 Other Companies: SWOT Analysis
91 Other Companies: Geographic Presence
The Global Procurement Orchestration Market has been studied from the year 2019 till 2029. However, the CAGR provided in the report is from the year 2024 to 2029. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Procurement Orchestration Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
Frequently Asked Questions
![Global Procurement Orchestration Market Size, Trends & Analysis - Forecasts to 2029 By End-use Industry (Manufacturing, Retail and E-Commerce, Healthcare and Pharmaceuticals, BFSI, IT and Telecom, Energy and Utilities, Government and Public Sector, and Others), By Function (Strategic Sourcing, Purchase Order Management, Invoice and Payment Processing, and Risk and Compliance Management), By Component (Solutions [Spend Management, Supplier Management, Procurement Analytics, Contract Management, and Workflow Automation] and Services [Implementation and Integration, Consulting, and Support and Maintenance]), By Deployment Mode (Cloud-based and On-premises), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis](https://www.globalmarketestimates.com/images/cat/Electronics, Semiconductors and Information & Communication Technology.png)
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