North America Procurement Analytics Market Size & Outlook

The procurement analytics market in North America is expected to reach a projected revenue of US$ 6,361.3 million by 2030. A compound annual growth rate of 21.8% is expected of North America procurement analytics market from 2023 to 2030.
Revenue, 2022 (US$M)
$1,317.0
Forecast, 2030 (US$M)
$6,361.3
CAGR, 2023 - 2030
21.8%
Report Coverage
North America

North America procurement analytics market highlights

  • The North America procurement analytics market generated a revenue of USD 1,317.0 million in 2022.
  • The market is expected to grow at a CAGR of 21.8% from 2023 to 2030.
  • In terms of segment, solution was the largest revenue generating component in 2022.
  • Services is the most lucrative component segment registering the fastest growth during the forecast period.
  • Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.


North America data book summary

Market revenue in 2022USD 1,317.0 million
Market revenue in 2030USD 6,361.3 million
Growth rate21.8% (CAGR from 2022 to 2030)
Largest segmentSolution
Fastest growing segmentServices
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSolution, Services
Key market players worldwideSAP SE, Oracle Corp, SAS, Genpact Ltd, Microsoft Corp, International Business Machines Corp, Cisco Systems Inc, Coupa Software, Rosslyn Data Technologies, GEP


Other key industry trends

  • In terms of revenue, North America region accounted for 39.6% of the global procurement analytics market in 2022.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 4,852.8 million by 2030.

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Procurement Analytics Market Companies

Name Profile # Employees HQ Website

North America procurement analytics market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to procurement analytics market will help companies and investors design strategic landscapes.


Solution was the largest segment with a revenue share of 73.36% in 2022. Horizon Databook has segmented the North America procurement analytics market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of North America procurement analytics market databook

  • Our clientele includes a mix of procurement analytics market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of continent-level data and insights on the North America procurement analytics market , including forecasts for subscribers. This continent databook contains high-level insights into North America procurement analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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North America procurement analytics market size, by country, 2018-2030 (US$M)

North America Procurement Analytics Market Outlook Share, 2022 & 2030 (US$M)

North America procurement analytics market size, by country, 2018-2030 (US$M)

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