Digital Procurement Systems Procurement Intelligence expected to grow at a CAGR of 10% from 2023 to 2030
Digital Procurement Systems Procurement Intelligence The digital procurement systems category is expected to grow at a CAGR of 10% from 2023 to 2030. North America accounts for the largest share of the category. The need to optimize the global supply chain, and the growing adoption of mobile procurement solutions, are driving category growth. Major corporations are employing a variety of strategies, such as mergers and acquisitions, strategic partnerships and contracts, and the development, testing, and release of new products. For instance, in February 2022, Coupa Software announced a suite of the next step in spend management products called Community.ai. Community.ai integrates data-driven artificial intelligence to improve person-to-person connections and transform B2B communities. Mobile procurement solutions allow purchasing staff to oversee sourcing operations while on the go, which saves money and time. They improve procurement process efficiency b...