# Procurement Software Market Expands Strategically

The procurement software market is experiencing rapid growth, projected to increase from $9.81 billion in 2025 to $17.6 billion by 2030, driven by advancements in AI, cloud computing, and automation technologies. Major industry players such as Microsoft, IBM, Oracle, SAP, and Infor are actively enhancing their offerings, exemplified by Infor's acquisition of The Shelby Group LLC in November 2023 to strengthen sourcing and procurement transformation capabilities. Government procurement professionals and contractors should consider these evolving technologies and market dynamics to optimize sourcing strategies and supplier risk management.

- **Why this matters:** The expanding market signals increased demand for advanced procurement solutions integrating predictive analytics, sustainable sourcing, and supplier risk management.
- Agencies and contractors can leverage emerging AI and cloud-based platforms to improve procurement efficiency and compliance.
- Businesses should evaluate partnerships or investments with leading software providers to remain competitive in government procurement.
- The acquisition activity indicates consolidation trends, suggesting opportunities for innovation and enhanced service offerings in procurement technology.

**Jurisdictions:** federal
**Industries:** Information Technology
**Topics:** Artificial Intelligence
**Published:** September 25, 2026

### Vendors
- Microsoft Corporation ()
- International Business Machines Corporation (IBM) ()
- Oracle Corporation ()
- SAP SE ()
- Infor Inc (awardee)

### Sources
- [Procurement Software Market Outlook Highlights Strategic](https://www.openpr.com/news/4643885/procurement-software-market-outlook-highlights-strategic) - openpr.com