This report was recently updated on April 27 2024 with the latest and most recent
market numbers
Global Generative AI in Modern Procurement Market Size, Trends & Analysis - Forecasts to 2029 By Type (Direct Procurement, Indirect Procurement, Goods Procurement, and Services Procurement), By Application Type (Supplier Identification, Product/Service Recommendation, Negotiation Support, Risk Assessment, Contract Analysis, Fraud Detection, Predictive Modelling, and Others), 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 generative AI in modern procurement market is estimated to exhibit a CAGR of 36.4% from 2024 to 2029. Generative AI transforms modern procurement by automating processes, improving decision-making, and boosting productivity. It helps with demand forecasts, supplier selection, negotiations, contract administration, and risk evaluation. AI-driven insights enable cost optimization, process automation, and informed strategy development. By analyzing data and market trends, it supports ethical sourcing and adapts to dynamic market conditions, ensuring organizations maintain competitive edges and comply with sustainability goals in an evolving business landscape.
Several factors drive the growth of the global generative AI in modern procurement market. One of the most significant drivers for the increasing demand for generative AI usage in modern procurement is the heightened efficiency brought by generative AI in modern procurement process. Generative AI helps automate processes, which helps increase production efficiency. Also, generative AI helps to lower operational costs by decreasing the amount of manual labor used in modern procurement. Businesses seek generative AI solutions to identify cost-saving opportunities, streamline supply chains, and optimize procurement strategies, contributing to overall cost reduction. Additionally, generative AI helps create accurate prediction models for demand analysis, which is highly attractive to firms. Growing reliance on generative AI for data analysis and pattern recognition empowers organizations to derive valuable insights, aiding informed decision-making in procurement.
Despite the various growth factors, several restraints hinder the growth of the global generative AI in modern procurement market. Generative AI requires access to massive volumes of data, which raises privacy and security problems. Organizations tend to be cautious about implementing AI solutions owing to the risk of security breaches and the exploitation of sensitive information.
On the basis of type, the market is segmented into direct procurement, indirect procurement, goods procurement, and services procurement. The direct procurement segment is expected to be the largest and fastest-growing segment during the forecast period. Direct procurement refers to acquiring goods and services directly involved in producing the company’s goods and services. This segment is critical for manufacturing and product-based companies. Given the emphasis on optimizing supply chain efficiency, reducing costs, and the growth in manufacturing automation and digitalization, direct procurement is typically a large segment. However, its growth may be steadier than explosive, reflecting the overall growth of the manufacturing sector.
On the basis of application type, the market is segmented into supplier identification, product/service recommendation, negotiation support, risk assessment, contract analysis, fraud detection, predictive modelling, and others. The predictive modelling segment is expected to hold the largest share of the market during the forecast period. Predictive modeling is likely to emerge as the largest segment due to its broad applicability across various stages of the procurement process, including demand forecasting, inventory management, and market analysis. Its capacity to analyze historical data and predict future trends is invaluable for making informed procurement decisions, optimizing stock levels, and minimizing costs. Given the increasing complexity of supply chains and the need for agile decision-making in dynamic market conditions, predictive modeling becomes indispensable, making it a central investment point for businesses seeking to enhance their procurement strategies.
The mobile payments segment is anticipated to be the fastest-growing in the global generative AI in modern procurement market during the forecast period. Businesses prioritize proactive risk management to mitigate financial, operational, and reputational risks. The urgency to adapt to dynamic market conditions and regulatory environments further accelerates the demand for sophisticated AI tools capable of performing real-time, predictive risk analysis, ensuring organizations can swiftly respond to potential threats and maintain operational continuity.
North America is expected to be the largest region in the global generative AI in modern procurement market. North America has been at the forefront of incorporating generative AI in various services, owing to the presence of many top IT companies like IBM, Oracle, and Microsoft. The region has developed regulatory and legal frameworks that can adapt to technological advancements, providing a conducive environment for AI technologies to flourish while addressing privacy and data protection concerns.
Asia Pacific is anticipated to be the fastest-growing region in the global generative AI in modern procurement during the forecast period. APAC countries are experiencing rapid digital transformation across industries. The push towards modernization and the adoption of advanced technologies, including AI, to improve business processes is significant. The region has seen a surge in e-commerce and online transactions, necessitating advanced procurement solutions to effectively manage supply chains, vendor relationships, and risk assessment. Also, the growth in the number of SMEs who offer AI services for procurement and related solutions has contributed to the market growth in the APAC region. Many governments in the APAC region are providing policy support and incentives for digital and AI initiatives, aiming to transform their economies and improve public and private sector efficiencies.
IBM Corp., Sap and Kaps Petroleum Services LLC, Oracle Corp., GEP Worldwide, Coupa Software, Microsoft Corp., Basware, Jaggaer, Globality, and Zycus, among others, are some of the key market players operating in the global generative AI in modern procurement market.
Please note: This is not an exhaustive list of companies profiled in the report.
In October 2023, SAP SE announced new business AI and user experience innovations in its comprehensive spend management and business network solutions to help customers control costs, mitigate risk, and increase productivity.
In November 2023, Zycus, a pioneer in Cognitive Procurement Software, announced the continued success of its AI Council, uniting CPOs representing over USD 0.5 trillion of annual spending and leading analysts to propel AI advancements in Source-to-Pay (S2P).
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
2.4 Data Metrics on Feed Stocks
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 Technology Landscape
3.3.3 Value Chain Analysis
3.3.4 Trend Analysis
3.3.5 Gap Analysis
3.3.6 Cost Analysis
4 GLOBAL GENERATIVE AI IN MODERN PROCUREMENT MARKET, BY APPLICATION TYPE
4.1 Introduction
4.2 Generative AI in Modern Procurement Market: Application Type Scope Key Takeaways
4.3 Revenue Growth Analysis, 2023 & 2029
4.4 Supplier Identification
4.4.1 Supplier Identification Market Estimates and Forecast, 2021-2029 (USD Million)
4.5 Product/Service Recommendation
4.5.1 Product/Service Recommendation Market Estimates and Forecast, 2021-2029 (USD Million)
4.6 Negotiation Support
4.6.1 Negotiation Support Market Estimates and Forecast, 2021-2029 (USD Million)
4.7 Risk Assessment
4.7.1 Risk Assessment Market Estimates and Forecast, 2021-2029 (USD Million)
4.8 Contract Analysis
4.8.1 Contract Analysis Market Estimates and Forecast, 2021-2029 (USD Million)
4.9 Predictive Modeling
4.9.1 Predictive Modeling Market Estimates and Forecast, 2021-2029 (USD Million)
4.10 Fraud Detection
4.10.1 Fraud Detection Market Estimates and Forecast, 2021-2029 (USD Million)
4.11 Others
4.11.1 Others Market Estimates and Forecast, 2021-2029 (USD Million)
5 GLOBAL GENERATIVE AI IN MODERN PROCUREMENT MARKET, BY TYPE
5.1 Introduction
5.2 Generative AI in Modern Procurement Market: Type Scope Key Takeaways
5.3 Revenue Growth Analysis, 2023 & 2029
5.4 Direct Procurement
5.4.1 Direct Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
5.5 Indirect Procurement
5.5.1 Indirect Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
5.6 Goods Procurement
5.6.1 Goods Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
5.7 Services Procurement
5.7.1 Services Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6 GLOBAL GENERATIVE AI IN MODERN PROCUREMENT MARKET, BY REGION
6.1 Introduction
6.2 North America Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.2.1 By Application Type
6.2.2 By Type
6.2.3 By Country
6.2.3.1 U.S. Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.2.3.1.1 By Application Type
6.2.3.1.2 By Type
6.2.3.2 Canada Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.2.3.2.1 By Application Type
6.2.3.2.2 By Type
6.2.3.3 Mexico Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.2.3.3.1 By Application Type
6.2.3.3.2 By Type
6.3 Europe Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.3.1 By Application Type
6.3.2 By Type
6.3.3 By Country
6.3.3.1 Germany Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.3.3.1.1 By Application Type
6.3.3.1.2 By Type
6.3.3.2 U.K. Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.3.3.2.1 By Application Type
6.3.3.2.2 By Type
6.3.3.3 France Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.3.3.3.1 By Application Type
6.3.3.3.2 By Type
6.3.3.4 Italy Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.3.3.4.1 By Application Type
6.3.3.4.2 By Type
6.3.3.5 Spain Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.3.3.5.1 By Application Type
6.3.3.5.2 By Type
6.3.3.6 Netherlands Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.3.3.6.1 By Application Type
6.3.3.6.2 By Type
6.3.3.7 Rest of Europe Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.3.3.6.1 By Application Type
6.3.3.6.2 By Type
6.4 Asia Pacific Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.4.1 By Application Type
6.4.2 By Type
6.4.3 By Country
6.4.3.1 China Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.4.3.1.1 By Application Type
6.4.3.1.2 By Type
6.4.3.2 Japan Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.4.3.2.1 By Application Type
6.4.3.2.2 By Type
6.4.3.3 India Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.4.3.3.1 By Application Type
6.4.3.3.2 By Type
6.4.3.4 South Korea Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.4.3.4.1 By Application Type
6.4.3.4.2 By Type
6.4.3.5 Singapore Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.4.3.5.1 By Application Type
6.4.3.5.2 By Type
6.4.3.6 Malaysia Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.4.3.6.1 By Application Type
6.4.3.6.2 By Type
6.4.3.7 Thailand Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.4.3.6.1 By Application Type
6.4.3.6.2 By Type
6.4.3.8 Indonesia Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.4.3.7.1 By Application Type
6.4.3.7.2 By Type
6.4.3.9 Vietnam Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.4.3.8.1 By Application Type
6.4.3.8.2 By Type
6.4.3.10 Taiwan Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.4.3.10.1 By Application Type
6.4.3.10.2 By Type
6.4.3.11 Rest of Asia Pacific Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.4.3.11.1 By Application Type
6.4.3.11.2 By Type
6.5 Middle East and Africa Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.5.1 By Application Type
6.5.2 By Type
6.5.3 By Country
6.5.3.1 Saudi Arabia Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.5.3.1.1 By Application Type
6.5.3.1.2 By Type
6.5.3.2 U.A.E. Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.5.3.2.1 By Application Type
6.5.3.2.2 By Type
6.5.3.3 Israel Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.5.3.3.1 By Application Type
6.5.3.3.2 By Type
6.5.3.4 South Africa Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.5.3.4.1 By Application Type
6.5.3.4.2 By Type
6.5.3.5 Rest of Middle East and Africa Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.5.3.5.1 By Application Type
6.5.3.5.2 By Type
6.6 Central & South America Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.6.1 By Application Type
6.6.2 By Type
6.6.3 By Country
6.6.3.1 Brazil Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.6.3.1.1 By Application Type
6.6.3.1.2 By Type
6.6.3.2 Argentina Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.6.3.2.1 By Application Type
6.6.3.2.2 By Type
6.6.3.3 Chile Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.6.3.3.1 By Application Type
6.6.3.3.2 By Type
6.6.3.3 Rest of Central & South America Generative AI in Modern Procurement Market Estimates and Forecast, 2021-2029 (USD Million)
6.6.3.3.1 By Application Type
6.6.3.3.2 By Type
7 COMPETITIVE LANDCAPE
7.1 Company Market Share Analysis
7.2 Four Quadrant Positioning Matrix
7.2.1 Market Leaders
7.2.2 Market Visionaries
7.2.3 Market Challengers
7.2.4 Niche Market Players
7.3 Vendor Landscape
7.3.1 North America
7.3.2 Europe
7.3.3 Asia Pacific
7.3.4 Rest of the World
7.4 Company Profiles
7.4.1 IBM Corp.
7.4.1.1 Business Description & Financial Analysis
7.4.1.2 SWOT Analysis
7.4.1.3 Products & Services Offered
7.4.1.4 Strategic Alliances between Business Partners
7.4.2 Sap and Kaps Petroleum Services LLC
7.4.2.1 Business Description & Financial Analysis
7.4.2.2 SWOT Analysis
7.4.2.3 Products & Services Offered
7.4.2.4 Strategic Alliances between Business Partners
7.4.3 Oracle Corp.
7.4.3.1 Business Description & Financial Analysis
7.4.3.2 SWOT Analysis
7.4.3.3 Products & Services Offered
7.4.3.4 Strategic Alliances between Business Partners
7.4.4 Microsoft Corp.
7.4.4.1 Business Description & Financial Analysis
7.4.4.2 SWOT Analysis
7.4.4.3 Products & Services Offered
7.4.4.4 Strategic Alliances between Business Partners
7.4.5 GEP Worldwide
7.4.5.1 Business Description & Financial Analysis
7.4.5.2 SWOT Analysis
7.4.5.3 Products & Services Offered
7.4.5.4 Strategic Alliances between Business Partners
7.4.6 Coupa Software
7.4.6.1 Business Description & Financial Analysis
7.4.6.2 SWOT Analysis
7.4.6.3 Products & Services Offered
7.4.6.4 Strategic Alliances between Business Partners
7.4.7 Basware
7.4.7.1 Business Description & Financial Analysis
7.4.7.2 SWOT Analysis
7.4.7.3 Products & Services Offered
7.4.7.4 Strategic Alliances between Business Partners
7.4.8 Jaggaer
7.4.8.1 Business Description & Financial Analysis
7.4.8.2 SWOT Analysis
7.4.8.3 Products & Services Offered
7.4.8.4 Strategic Alliances between Business Partners
7.4.9 Globality
7.4.9.1 Business Description & Financial Analysis
7.4.9.2 SWOT Analysis
7.4.9.3 Products & Services Offered
7.4.9.4 Strategic Alliances between Business Partners
7.4.10 Zycus
7.4.10.1 Business Description & Financial Analysis
7.4.10.2 SWOT Analysis
7.4.10.3 Products & Services Offered
7.4.10.4 Strategic Alliances between Business Partners
7.4.11 Other Companies
7.4.11.1 Business Description & Financial Analysis
7.4.11.2 SWOT Analysis
7.4.11.3 Products & Services Offered
7.4.11.4 Strategic Alliances between Business Partners
8 RESEARCH METHODOLOGY
8.1 Market Introduction
8.1.1 Market Definition
8.1.2 Market Scope & Segmentation
8.2 Information Procurement
8.2.1 Secondary Research
8.2.1.1 Purchased Databases
8.2.1.2 GMEs Internal Data Repository
8.2.1.3 Secondary Resources & Third Party Perspectives
8.2.1.4 Company Information Sources
8.2.2 Primary Research
8.2.2.1 Various Types of Respondents for Primary Interviews
8.2.2.2 Number of Interviews Conducted throughout the Research Process
8.2.2.3 Primary Stakeholders
8.2.2.4 Discussion Guide for Primary Participants
8.2.3 Expert Panels
8.2.3.1 Expert Panels Across 30+ Industry
8.2.4 Paid Local Experts
8.2.4.1 Paid Local Experts Across 30+ Industry Across each Region
8.3 Market Estimation
8.3.1 Top-Down Approach
8.3.1.1 Macro-Economic Indicators Considered
8.3.1.2 Micro-Economic Indicators Considered
8.3.2 Bottom Up Approach
8.3.2.1 Company Share Analysis Approach
8.3.2.2 Estimation of Potential Product Sales
8.4 Data Triangulation
8.4.1 Data Collection
8.4.2 Time Series, Cross Sectional & Panel Data Analysis
8.4.3 Cluster Analysis
8.5 Analysis and Output
8.5.1 Inhouse AI Based Real Time Analytics Tool
8.5.2 Output From Desk & Primary Research
8.6 Research Assumptions & Limitations
8.6.1 Research Assumptions
8.6.2 Research Limitations
LIST OF TABLES
1 Global Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
2 Supplier Identification Market, By Region, 2021-2029 (USD Million)
3 Product/Service Recommendation Market, By Region, 2021-2029 (USD Million)
4 Negotiation Support Market, By Region, 2021-2029 (USD Million)
5 Risk Assessment Market, By Region, 2021-2029 (USD Million)
6 Contract Analysis Market, By Region, 2021-2029 (USD Million)
7 Predictive Modeling Market, By Region, 2021-2029 (USD Million)
8 Fraud Detection Market, By Region, 2021-2029 (USD Million)
9 Others Market, By Region, 2021-2029 (USD Million)
10 Global Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
11 Direct Procurement Market, By Region, 2021-2029 (USD Million)
12 Indirect Procurement Market, By Region, 2021-2029 (USD Million)
13 Goods Procurement Market, By Region, 2021-2029 (USD Million)
14 Services Procurement Market, By Region, 2021-2029 (USD Million)
15 Regional Analysis, 2021-2029 (USD Million)
16 North America Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
17 North America Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
18 North America Generative AI in Modern Procurement Market, By Country, 2021-2029 (USD Million)
19 U.S. Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
20 U.S. Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
21 Canada Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
22 Canada Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
23 Mexico Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
24 Mexico Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
25 Europe Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
26 Europe Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
27 Europe Generative AI in Modern Procurement Market, By Country, 2021-2029 (USD Million)
28 Germany Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
29 Germany Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
30 U.K. Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
31 U.K. Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
32 France Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
33 France Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
34 Italy Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
35 Italy Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
36 Spain Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
37 Spain Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
38 Netherlands Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
39 Netherlands Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
40 Rest Of Europe Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
41 Rest Of Europe Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
42 Asia Pacific Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
43 Asia Pacific Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
44 Asia Pacific Generative AI in Modern Procurement Market, By Country, 2021-2029 (USD Million)
45 China Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
46 China Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
47 Japan Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
48 Japan Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
49 India Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
50 India Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
51 South Korea Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
52 South Korea Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
53 Singapore Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
54 Singapore Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
55 Thailand Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
56 Thailand Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
57 Malaysia Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
58 Malaysia Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
59 Indonesia Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
60 Indonesia Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
61 Vietnam Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
62 Vietnam Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
63 Taiwan Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
64 Taiwan Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
65 Rest of APAC Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
66 Rest of APAC Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
67 Middle East and Africa Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
68 Middle East and Africa Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
69 Middle East and Africa Generative AI in Modern Procurement Market, By Country, 2021-2029 (USD Million)
70 Saudi Arabia Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
71 Saudi Arabia Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
72 UAE Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
73 UAE Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
74 Israel Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
75 Israel Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
76 South Africa Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
77 South Africa Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
78 Rest Of Middle East and Africa Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
79 Rest Of Middle East and Africa Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
80 Central & South America Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
81 Central & South America Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
82 Central & South America Generative AI in Modern Procurement Market, By Country, 2021-2029 (USD Million)
83 Brazil Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
84 Brazil Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
85 Chile Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
86 Chile Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
87 Argentina Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
88 Argentina Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
89 Rest Of Central & South America Generative AI in Modern Procurement Market, By Application Type, 2021-2029 (USD Million)
90 Rest Of Central & South America Generative AI in Modern Procurement Market, By Type, 2021-2029 (USD Million)
91 IBM Corp.: Products & Services Offering
92 Sap and Kaps Petroleum Services LLC: Products & Services Offering
93 Oracle Corp.: Products & Services Offering
94 Microsoft Corp.: Products & Services Offering
95 GEP Worldwide: Products & Services Offering
96 Coupa Software: Products & Services Offering
97 Basware : Products & Services Offering
98 Jaggaer: Products & Services Offering
99 Globality, Inc: Products & Services Offering
100 Zycus: Products & Services Offering
101 Other Companies: Products & Services Offering
LIST OF FIGURES
1 Global Generative AI in Modern Procurement Market Overview
2 Global Generative AI in Modern Procurement Market Value From 2021-2029 (USD Million)
3 Global Generative AI in Modern Procurement Market Share, By Application Type (2023)
4 Global Generative AI in Modern Procurement Market Share, By Type (2023)
5 Global Generative AI in Modern Procurement Market, By Region (Global Market)
6 Technological Trends In Global Generative AI in Modern Procurement Market
7 Four Quadrant Competitor Positioning Matrix
8 Impact Of Macro & Micro Indicators On The Market
9 Impact Of Key Drivers On The Global Generative AI in Modern Procurement Market
10 Impact Of Challenges On The Global Generative AI in Modern Procurement Market
11 Porter’s Five Forces Analysis
12 Global Generative AI in Modern Procurement Market: By Application Type Scope Key Takeaways
13 Global Generative AI in Modern Procurement Market, By Application Type Segment: Revenue Growth Analysis
14 Supplier Identification Market, By Region, 2021-2029 (USD Million)
15 Product/Service Recommendation Market, By Region, 2021-2029 (USD Million)
16 Negotiation Support Market, By Region, 2021-2029 (USD Million)
17 Risk Assessment Market, By Region, 2021-2029 (USD Million)
18 Contract Analysis Market, By Region, 2021-2029 (USD Million)
19 Predictive Modeling Market, By Region, 2021-2029 (USD Million)
20 Fraud Detection Market, By Region, 2021-2029 (USD Million)
21 Others Market, By Region, 2021-2029 (USD Million)
22 Global Generative AI in Modern Procurement Market: By Type Scope Key Takeaways
23 Global Generative AI in Modern Procurement Market, By Type Segment: Revenue Growth Analysis
24 Direct Procurement Market, By Region, 2021-2029 (USD Million)
25 Indirect Procurement Market, By Region, 2021-2029 (USD Million)
26 Goods Procurement Market, By Region, 2021-2029 (USD Million)
27 Services Procurement Market, By Region, 2021-2029 (USD Million)
28 Regional Segment: Revenue Growth Analysis
29 Global Generative AI in Modern Procurement Market: Regional Analysis
30 North America Generative AI in Modern Procurement Market Overview
31 North America Generative AI in Modern Procurement Market, By Application Type
32 North America Generative AI in Modern Procurement Market, By Type
33 North America Generative AI in Modern Procurement Market, By Country
34 U.S. Generative AI in Modern Procurement Market, By Application Type
35 U.S. Generative AI in Modern Procurement Market, By Type
36 Canada Generative AI in Modern Procurement Market, By Application Type
37 Canada Generative AI in Modern Procurement Market, By Type
38 Mexico Generative AI in Modern Procurement Market, By Application Type
39 Mexico Generative AI in Modern Procurement Market, By Type
40 Four Quadrant Positioning Matrix
41 Company Market Share Analysis
42 IBM Corp.: Company Snapshot
43 IBM Corp.: SWOT Analysis
44 IBM Corp.: Geographic Presence
45 Sap and Kaps Petroleum Services LLC: Company Snapshot
46 Sap and Kaps Petroleum Services LLC: SWOT Analysis
47 Sap and Kaps Petroleum Services LLC: Geographic Presence
48 Oracle Corp.: Company Snapshot
49 Oracle Corp.: SWOT Analysis
50 Oracle Corp.: Geographic Presence
51 Microsoft Corp.: Company Snapshot
52 Microsoft Corp.: Swot Analysis
53 Microsoft Corp.: Geographic Presence
54 GEP Worldwide: Company Snapshot
55 GEP Worldwide: SWOT Analysis
56 GEP Worldwide: Geographic Presence
57 Coupa Software: Company Snapshot
58 Coupa Software: SWOT Analysis
59 Coupa Software: Geographic Presence
60 Basware : Company Snapshot
61 Basware : SWOT Analysis
62 Basware : Geographic Presence
63 Jaggaer: Company Snapshot
64 Jaggaer: SWOT Analysis
65 Jaggaer: Geographic Presence
66 Globality, Inc.: Company Snapshot
67 Globality, Inc.: SWOT Analysis
68 Globality, Inc.: Geographic Presence
69 Zycus: Company Snapshot
70 Zycus: SWOT Analysis
71 Zycus: Geographic Presence
72 Other Companies: Geographic Presence
73 Other Companies: Company Snapshot
74 Other Companies: SWOT Analysis
The Global Generative AI in Modern Procurement 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 Generative AI in Modern Procurement 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.
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