As of 2024, SAP Ariba led the global procurement software market with a market share of roughly 47 percent. Wax Digital web3 Purchase to Pay followed SAP, having jumped from less than three percent of the market share to nearly ten percent in one year. Procurement software assists in the selection of vendors, establishment of payment terms, and overall negotiation of contracts and purchase goods.
Leading vendors' share of the procurement software market worldwide in 2024
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Datanyze. (January 23, 2025). Leading vendors' share of the procurement software market worldwide in 2024 [Graph]. In Statista. Retrieved February 11, 2025, from https://www.statista.com/statistics/633145/worldwide-procurement-software-market-share-by-vendor/?__sso_cookie_checker=failed
Datanyze. "Leading vendors' share of the procurement software market worldwide in 2024." Chart. January 23, 2025. Statista. Accessed February 11, 2025. https://www.statista.com/statistics/633145/worldwide-procurement-software-market-share-by-vendor/?__sso_cookie_checker=failed
Datanyze. (2025). Leading vendors' share of the procurement software market worldwide in 2024. Statista. Statista Inc.. Accessed: February 11, 2025. https://www.statista.com/statistics/633145/worldwide-procurement-software-market-share-by-vendor/?__sso_cookie_checker=failed
Datanyze. "Leading Vendors' Share of The Procurement Software Market Worldwide in 2024." Statista, Statista Inc., 23 Jan 2025, https://www.statista.com/statistics/633145/worldwide-procurement-software-market-share-by-vendor/?__sso_cookie_checker=failed
Datanyze, Leading vendors' share of the procurement software market worldwide in 2024 Statista, https://www.statista.com/statistics/633145/worldwide-procurement-software-market-share-by-vendor/?__sso_cookie_checker=failed (last visited February 11, 2025)
Leading vendors' share of the procurement software market worldwide in 2024 [Graph], Datanyze, January 23, 2025. [Online]. Available: https://www.statista.com/statistics/633145/worldwide-procurement-software-market-share-by-vendor/?__sso_cookie_checker=failed