This IDC Perspective aims to explore the anticipated developments and trends that are expected to shape the landscape of procurement solutions in the coming years. The procurement application landscape in 2025 is poised for significant transformation driven by technological advancements such as AI, machine learning, and agentic AI. These innovations are making procurement applications more sophisticated and efficient. The focus on savings is expected to return as a primary role of procurement, alongside managing supply chain risks and sustainability objectives. The market will see new entrants, including non-traditional providers, and a proliferation of options, complicating decision-making for buyers. The evolution of spend orchestration and direct spend management will offer enhanced visibility and control, necessitating agile and informed technology strategies to leverage these advancements effectively.“Agentic AI is set to revolutionize procurement by enabling systems to set goals, make decisions, and take actions independently. Are you ready for the future of procurement applications?” — Patrick Reymann, research director, Procurement and Enterprise Applications at IDC
Executive Snapshot
Situation Overview
Agentic Procurement Applications Are Coming
… But Let’s Tap the Brakes Just a Bit
No, CLM Is Not Dead
Savings Are Back in Vogue
Providers That Are Not Seen as Procurement Application Providers Will Enter the Space
The Procurement Role Will Evolve
Direct Spend Gets the Attention It Deserves
The Evolution of Spend Orchestration
Get Ready for a Lot More Options
Advice for the Technology Buyer
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Related Research
Synopsis
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