Global Government Procurement Software Market Growth (Status and Outlook) 2024-2030

Global Government Procurement Software Market Growth (Status and Outlook) 2024-2030

Government Procurement Software is a type of software that helps government agencies and third-party contractors manage the government request for proposal (RFP) and vendor management process. These products automate much of the pre-award process for posting RFP opportunities and fielding submissions. They also help with post-award activities such as contract management, invoicing, payment, and performance evaluation. Government Procurement Software can improve the efficiency, transparency, and compliance of public procurement, as well as reduce costs and risks.

The global Government Procurement Software market size is projected to grow from US$ 958.7 million in 2023 to US$ 1534.4 million in 2030; it is expected to grow at a CAGR of 7.0% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Government Procurement Software Industry Forecast” looks at past sales and reviews total world Government Procurement Software sales in 2023, providing a comprehensive analysis by region and market sector of projected Government Procurement Software sales for 2024 through 2030. With Government Procurement Software sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Government Procurement Software industry.

This Insight Report provides a comprehensive analysis of the global Government Procurement Software landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Government Procurement Software portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Government Procurement Software market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Government Procurement Software and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Government Procurement Software.

Some of the future market trends of Government Procurement Software are:

The increasing adoption of cloud-based procurement software, which offers scalability, flexibility, and cost-effectiveness compared to on-premise solutions.

The integration of emerging technologies such as artificial intelligence (AI), blockchain, and internet of things (IoT), which can enhance the capabilities of procurement software in terms of data analysis, security, and automation.

The growing demand for sustainable and ethical procurement, which requires procurement software to incorporate environmental, social, and governance (ESG) criteria and standards in the procurement process.

The increasing need for procurement software to support cross-border transactions and comply with different regulations and standards in different regions and countries.

This report presents a comprehensive overview, market shares, and growth opportunities of Government Procurement Software market by product type, application, key players and key regions and countries.

Segmentation by type
Cloud-Based
On-Premises

Segmentation by application
Government
Third-party Vendors

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Vendor Registry
Salesforce
GoveSpend
Avisare
Bidspeed
CJIS GROUP
Digisoft Solutions
Federal Compass
SeamlessGov
Allot
Onvia
R3 Business Solutions
Secure Internet Commerce Network
Integrated Technology Group (ITG)

Please note: The report will take approximately 2 business days to prepare and deliver.