Global Eprocurement Market Growth Outlook 2025 – Size, Trends, and Forecast

[Jayshree]

Introduction

The global Eprocurement Market is witnessing rapid growth as organizations worldwide embrace digital solutions to optimize their purchasing processes. With increasing demand for cost efficiency, transparency, and improved supplier relationships, eprocurement solutions have become an essential part of modern business strategies. According to recent market analysis, the eprocurement market size was valued at USD 8.3 billion in 2022 and is projected to reach USD 19.6 billion by 2030, growing at a robust CAGR of 11.2% during 2023–2030.

Rising Demand for Digital Procurement Solutions

Enterprises across industries are shifting from traditional procurement methods to automated digital systems. The need for real-time data access, supplier performance tracking, and compliance management has driven significant adoption of eprocurement platforms. Governments and enterprises alike are also investing in eprocurement systems to reduce fraud, enhance accountability, and streamline purchasing workflows.

Key Drivers of Market Growth

Cost Efficiency and Transparency: Eprocurement solutions reduce manual errors and ensure transparent supplier selection.

Cloud-based Deployment: Cloud adoption is fueling faster integration and scalability of procurement software.

Global Supply Chain Management: Increased cross-border trade requires digital procurement platforms to manage vendor contracts and compliance.

Government Initiatives: Many governments mandate the use of digital procurement platforms for public sector contracts.

Market Segmentation Insights
By Deployment Mode

On-Premise: Offers enhanced control but requires higher upfront investment.

Cloud-based: Expected to dominate the market due to lower infrastructure costs, ease of access, and quick scalability.

By Enterprise Size

Large Enterprises: Widely adopting advanced procurement platforms for managing global supplier networks.

Small & Medium Enterprises (SMEs): Rapid growth segment due to increasing awareness of cost-saving benefits and affordable SaaS-based models.

By Industry Vertical

Manufacturing: Leading adopter to manage raw material procurement.

Healthcare: Increasing reliance on eprocurement for medical supplies and equipment.

Retail & E-commerce: Streamlining vendor contracts and purchase orders.

Government & Public Sector: Driving digital transformation through mandatory eprocurement systems.

Regional Outlook
North America

North America remains the largest market due to early adoption of digital procurement technologies, presence of key vendors, and strong regulatory frameworks promoting transparent procurement.

Europe

Europe shows significant growth, driven by EU regulations promoting fair competition and increased government adoption of digital procurement solutions.

Asia-Pacific

Asia-Pacific is projected to witness the fastest CAGR during the forecast period, fueled by rapid digital transformation in China, India, and Southeast Asia. Growing SME adoption and government-driven initiatives are boosting the region’s market expansion.

Latin America and Middle East & Africa

Both regions are gradually adopting eprocurement, with rising awareness of digital transformation benefits. Government digitalization programs in Brazil, UAE, and Saudi Arabia are expected to drive future growth.

Competitive Landscape

The eprocurement market is highly competitive with both established players and emerging startups innovating to meet growing demand. Companies are focusing on cloud integration, AI-driven analytics, and blockchain-enabled transparency in procurement. Strategic partnerships, acquisitions, and technological advancements are defining the competitive dynamics of this market.

Key Market Players

SAP SE

Oracle Corporation

Coupa Software Inc.

GEP

JAGGAER

Basware

Proactis Holdings

Zycus

Ivalua Inc.

Infor Inc.

Future Outlook

The future of the eprocurement market looks promising as digitalization accelerates across industries. Integration of artificial intelligence, blockchain, and predictive analytics will further revolutionize procurement processes by enhancing risk management and supplier evaluation. As businesses prioritize agility and transparency, eprocurement platforms will remain a strategic necessity for global enterprises.

Conclusion

The global eprocurement market is on a strong growth trajectory, driven by increasing demand for cost efficiency, regulatory compliance, and digital transformation. With technological advancements and government support, the market is set to expand significantly over the next decade. Businesses that adopt eprocurement early stand to benefit from improved supplier relationships, reduced procurement cycle times, and better cost management.

Read Full Research Study: https://marketintelo.com/report/eprocurement-market

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