ProcureTech On the Rise: The State of the Industry in 2022

A comprehensive report on the latest trends in the procurement software industry.

Whitepaper | 5 min read

The procurement software industry is growing. The market is experiencing a compound annual growth rate of 9.4% as demand for ProcureTech has spiked due to multiple factors, from political shifts to the pandemic.

Read our comprehensive report on the current ProcureTech trends in 2022, based on the latest industry research. We examine the source behind the sudden changes in demand, technology trends, and where the market is heading.

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Key Takeaways

Digital transformation is the highest priority for most CPOs, as ProcureTech has shifted from a digital need to a digital must.
The continuing move to technology is driven by significant new pressures on the procurement function.
Supplier and contract management software, as well as tools for greater visibility (analytics and reporting), are in the highest demand.