Supply Chain Procurement Software Market Insights Video

According to Cognitive Market Research, the global Supply Chain Procurement Software market size was USD 7512.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 123.74% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 3005.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2253.75 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1727.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 375.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 150.25 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031.
• The Cloud-based deployment segment category is the fastest growing segment of the Supply Chain Procurement Software industry