# Governments Expand Digital Procurement

IMARC Group projects the global procurement software market will grow from USD 8.88 billion in 2025 to USD 18.20 billion by 2034, an estimated 8.05% compound annual growth rate. The report points to demand for AI-enabled source-to-pay and supplier-compliance tools, alongside public-sector digitization initiatives in the United States, India, the European Union, and Saudi Arabia. It identifies no open solicitation, so the forecast signals a market direction rather than an immediate bid opportunity.

- Procurement teams and contractors can assess whether their source-to-pay platforms support AI-enabled workflows and supplier-compliance functions, which the report identifies as growth areas.
- Public-sector e-procurement initiatives may create demand for software, implementation, and related services; the signal does not identify specific procurements or award timelines.
- In the United States, GSA’s consolidation of common goods and services spending is a related procurement change, but should not be treated as a procurement software solicitation. The extracted information associates it with approximately USD 490 billion in annual spending under Executive Order 14240.
- Software providers including SAP SE, Coupa, Ivalua, GEP, and Tradeshift are named in the extracted entities; contractors can use the market forecast to inform product positioning and public-sector business planning, without assuming a particular agency requirement.

**Jurisdictions:** international
**Industries:** Information Technology
**Topics:** Artificial Intelligence, Digital Infrastructure
**Published:** October 06, 2026

### Government Entities
- General Services Administration (GSA)
- Government e-Marketplace (GeM)
- Ministry of Commerce and Industry (India)
- European Commission
- Ministry of Finance (Saudi Arabia)

### Vendors
- SAP SE (Procurement software provider)
- Coupa (Procurement software provider)
- Ivalua Inc. (Procurement software provider)
- GEP (Procurement software provider)
- Tradeshift Holdings, Inc. (Procurement software provider)

### Sources
- [Procurement Software Market Size to Reach USD 18.20 Billion](https://www.openpr.com/news/4652692/procurement-software-market-size-to-reach-usd-18-20-billion) - openPR.com