Industry: Service & Software
Published Date: 2026-07-19
Pages: 128 Pages
Report ld: 6978294
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Procurement AI Agent Market Size(US$)

CAGR 2026-2032
35.0%
Market Size,2032
USD 5,969
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Procurement AI Agent was estimated to be worth US$ 662 million in 2025 and is projected to reach US$ 5969 million, growing at a CAGR of 35.0% from 2026 to 2032.
A procurement AI agent is an intelligent software agent built upon technologies such as artificial intelligence (AI), large language models (LLMs), reinforcement learning, knowledge graphs, and automated execution. It is capable of acting on behalf of a procurement organization within complex, dynamic business environments to autonomously perceive needs, analyze data, formulate strategies, execute tasks, and interact with suppliers or other systems. Its core objective is to transform the traditional process-centric procurement model into an intelligent decision-making system driven by goals, data, and value.
Growth in the procurement AI agent market is primarily driven by the need for enterprises to reduce costs and enhance efficiency in procurement, automate processes, and improve supplier risk management. As procurement categories, supplier counts, and cross-regional transactions multiply, traditional manual methods—handling inquiries, price comparisons, contract reviews, order tracking, and supplier communications—have proven inefficient and prone to information gaps, delayed decision-making, and compliance risks. This has prompted enterprises to accelerate the deployment of AI agents capable of autonomously identifying procurement needs, sourcing suppliers, analyzing quotes, conducting negotiations, and executing tasks by interfacing with procurement and ERP systems. Meanwhile, fluctuations in raw material prices, supply disruptions, geopolitical tensions, and increasing regulatory requirements have also raised companies' demand for real-time risk warnings, alternative supplier recommendations, and scenario analysis capabilities. Furthermore, the maturation of technologies—including large language models, knowledge graphs, process mining, optimization algorithms, and multi-agent orchestration—is enabling procurement AI agents to evolve from simple information retrieval and analytical support toward human-machine collaboration, limited autonomous sourcing, and execution, thereby fueling rapid growth in global market demand.
This report provides a comprehensive view of the global market for Procurement AI Agent, covering total sales revenue, the market share and ranking of key companies, along with analyses by region & country, by Type, and by Application.
The Procurement AI Agent market size, estimations, and forecasts are presented in terms of sales revenue ($ millions), with 2025 as the base year and historical and forecast data from 2021 to 2032. The report combines quantitative and qualitative analysis to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current marketplace, and make informed business decisions regarding Procurement AI Agent.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the scope of the report and the global market size (value). It also summarizes market dynamics and recent developments; identifies key drivers and restraints; outlines challenges and risks for players; reviews relevant industry policies.
Chapter 2: Provides a detailed analysis of the Procurement AI Agent companies' competitive landscape—including revenue shares, recent development plans, and mergers and acquisitions (M&A).
Chapter 3: Analyzes market segmentation by Type, presenting the size and growth potential of each segment to help readers identify blue-ocean opportunities.
Chapter 4: Analyzes market segmentation by Application, presenting the size and growth potential of each downstream segment to help readers identify blue-ocean opportunities.
Chapter 5: Presents Procurement AI Agent revenue at the regional level. It offers a quantitative assessment of market size and growth potential by region and summarizes market development, future prospects, addressable space, and country-level market size worldwide.
Chapter 6: Presents Procurement AI Agent revenue at the country level. It provides segmented data by Type and by Application for each country/region.
Chapter 7: Profiles key players, detailing the main companies' product revenue, gross margin, product portfolios, recent developments, etc.
Chapter 8: Analysis of Value Chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Procurement AI Agent Product Introduction
1.2 Global Procurement AI Agent Market Size Forecast (2021–2032)
1.3 Procurement AI Agent Market Trends & Drivers
1.3.1 Procurement AI Agent Industry Trends
1.3.2 Procurement AI Agent Market Drivers & Opportunities
1.3.3 Procurement AI Agent Market Challenges
1.3.4 Procurement AI Agent Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Procurement AI Agent Players Revenue Ranking (2025)
2.2 Global Procurement AI Agent Revenue by Company (2021–2026)
2.3 Key Companies’ R&D and Operations Footprint and Headquarters
2.4 Key Companies Procurement AI Agent Product Offerings
2.5 Key Companies General Availability (GA) Timeline for Procurement AI Agent
2.6 Procurement AI Agent Market Competitive Analysis
2.6.1 Procurement AI Agent Market Concentration Rate (2021–2026)
2.6.2 Top 5 and Top 10 Global Companies by Procurement AI Agent Revenue in 2025
2.6.3 Global Companies by Tier (Tier 1, Tier 2, Tier 3), based on Procurement AI Agent revenue, 2025
2.7 Mergers & Acquisitions and Expansion
3 Segmentation Procurement AI Agent Market Classification
3.1 Introduction by Type
3.1.1 Cloud-based
3.1.2 On-premises
3.1.3 Global Procurement AI Agent Sales Value by Type
3.1.3.1 Global Procurement AI Agent Sales Value by Type (2021 vs 2025 vs 2032)
3.1.3.2 Global Procurement AI Agent Sales Value, by Type (2021–2032)
3.1.3.3 Global Procurement AI Agent Sales Value, by Type (%), 2021–2032
3.2 Introduction by Procurement Category
3.2.1 Direct Material Procurement
3.2.2 Indirect Material Procurement
3.2.3 Service and Capital Procurement
3.2.4 Global Procurement AI Agent Sales Value by Procurement Category
3.2.4.1 Global Procurement AI Agent Sales Value by Procurement Category (2021 vs 2025 vs 2032)
3.2.4.2 Global Procurement AI Agent Sales Value, by Procurement Category (2021–2032)
3.2.4.3 Global Procurement AI Agent Sales Value, by Procurement Category (%), 2021–2032
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Large Enterprises
4.1.2 Small and Medium-sized Enterprises
4.2 Global Procurement AI Agent Sales Value by Application
4.2.1 Global Procurement AI Agent Sales Value by Application (2021 vs 2025 vs 2032)
4.2.2 Global Procurement AI Agent Sales Value by Application (2021–2032)
4.2.3 Global Procurement AI Agent Sales Value by Application (%), 2021–2032
5 Segmentation by Region
5.1 Global Procurement AI Agent Sales Value by Region
5.1.1 Global Procurement AI Agent Sales Value by Region: 2021 vs 2025 vs 2032
5.1.2 Global Procurement AI Agent Sales Value by Region (2021–2026)
5.1.3 Global Procurement AI Agent Sales Value by Region (2027–2032)
5.1.4 Global Procurement AI Agent Sales Value by Region (%), 2021–2032
5.2 North America
5.2.1 North America Procurement AI Agent Sales Value, 2021–2032
5.2.2 North America Procurement AI Agent Sales Value by Country (%), 2025 vs 2032
5.3 Europe
5.3.1 Europe Procurement AI Agent Sales Value, 2021–2032
5.3.2 Europe Procurement AI Agent Sales Value by Country (%), 2025 vs 2032
5.4 Asia Pacific
5.4.1 Asia Pacific Procurement AI Agent Sales Value, 2021–2032
5.4.2 Asia Pacific Procurement AI Agent Sales Value by Subregion (%), 2025 vs 2032
5.5 South America
5.5.1 South America Procurement AI Agent Sales Value, 2021–2032
5.5.2 South America Procurement AI Agent Sales Value by Country (%), 2025 vs 2032
5.6 Middle East & Africa
5.6.1 Middle East & Africa Procurement AI Agent Sales Value, 2021–2032
5.6.2 Middle East & Africa Procurement AI Agent Sales Value by Country (%), 2025 vs 2032
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Procurement AI Agent Sales Value Growth Trends, 2021 vs 2025 vs 2032
6.2 Key Countries/Regions Procurement AI Agent Sales Value, 2021–2032
6.3 United States
6.3.1 United States Procurement AI Agent Sales Value, 2021–2032
6.3.2 United States Procurement AI Agent Sales Value by Type (%), 2025 vs 2032
6.3.3 United States Procurement AI Agent Sales Value by Application, 2025 vs 2032
6.4 Europe
6.4.1 Europe Procurement AI Agent Sales Value, 2021–2032
6.4.2 Europe Procurement AI Agent Sales Value by Type (%), 2025 vs 2032
6.4.3 Europe Procurement AI Agent Sales Value by Application, 2025 vs 2032
6.5 China
6.5.1 China Procurement AI Agent Sales Value, 2021–2032
6.5.2 China Procurement AI Agent Sales Value by Type (%), 2025 vs 2032
6.5.3 China Procurement AI Agent Sales Value by Application, 2025 vs 2032
6.6 Japan
6.6.1 Japan Procurement AI Agent Sales Value, 2021–2032
6.6.2 Japan Procurement AI Agent Sales Value by Type (%), 2025 vs 2032
6.6.3 Japan Procurement AI Agent Sales Value by Application, 2025 vs 2032
6.7 South Korea
6.7.1 South Korea Procurement AI Agent Sales Value, 2021–2032
6.7.2 South Korea Procurement AI Agent Sales Value by Type (%), 2025 vs 2032
6.7.3 South Korea Procurement AI Agent Sales Value by Application, 2025 vs 2032
6.8 Southeast Asia
6.8.1 Southeast Asia Procurement AI Agent Sales Value, 2021–2032
6.8.2 Southeast Asia Procurement AI Agent Sales Value by Type (%), 2025 vs 2032
6.8.3 Southeast Asia Procurement AI Agent Sales Value by Application, 2025 vs 2032
6.9 India
6.9.1 India Procurement AI Agent Sales Value, 2021–2032
6.9.2 India Procurement AI Agent Sales Value by Type (%), 2025 vs 2032
6.9.3 India Procurement AI Agent Sales Value by Application, 2025 vs 2032
7 Company Profiles
7.1 SAP
7.1.1 SAP Profile
7.1.2 SAP Main Business
7.1.3 SAP Procurement AI Agent Products, Services, and Solutions
7.1.4 SAP Procurement AI Agent Revenue (US$ Million), 2021–2026
7.1.5 SAP Recent Developments
7.2 Oracle
7.2.1 Oracle Profile
7.2.2 Oracle Main Business
7.2.3 Oracle Procurement AI Agent Products, Services, and Solutions
7.2.4 Oracle Procurement AI Agent Revenue (US$ Million), 2021–2026
7.2.5 Oracle Recent Developments
7.3 Coupa
7.3.1 Coupa Profile
7.3.2 Coupa Main Business
7.3.3 Coupa Procurement AI Agent Products, Services, and Solutions
7.3.4 Coupa Procurement AI Agent Revenue (US$ Million), 2021–2026
7.3.5 Coupa Recent Developments
7.4 Microsoft
7.4.1 Microsoft Profile
7.4.2 Microsoft Main Business
7.4.3 Microsoft Procurement AI Agent Products, Services, and Solutions
7.4.4 Microsoft Procurement AI Agent Revenue (US$ Million), 2021–2026
7.4.5 Microsoft Recent Developments
7.5 ServiceNow
7.5.1 ServiceNow Profile
7.5.2 ServiceNow Main Business
7.5.3 ServiceNow Procurement AI Agent Products, Services, and Solutions
7.5.4 ServiceNow Procurement AI Agent Revenue (US$ Million), 2021–2026
7.5.5 ServiceNow Recent Developments
7.6 GEP
7.6.1 GEP Profile
7.6.2 GEP Main Business
7.6.3 GEP Procurement AI Agent Products, Services, and Solutions
7.6.4 GEP Procurement AI Agent Revenue (US$ Million), 2021–2026
7.6.5 GEP Recent Developments
7.7 Ivalua
7.7.1 Ivalua Profile
7.7.2 Ivalua Main Business
7.7.3 Ivalua Procurement AI Agent Products, Services, and Solutions
7.7.4 Ivalua Procurement AI Agent Revenue (US$ Million), 2021–2026
7.7.5 Ivalua Recent Developments
7.8 IBM
7.8.1 IBM Profile
7.8.2 IBM Main Business
7.8.3 IBM Procurement AI Agent Products, Services, and Solutions
7.8.4 IBM Procurement AI Agent Revenue (US$ Million), 2021–2026
7.8.5 IBM Recent Developments
7.9 Zycus
7.9.1 Zycus Profile
7.9.2 Zycus Main Business
7.9.3 Zycus Procurement AI Agent Products, Services, and Solutions
7.9.4 Zycus Procurement AI Agent Revenue (US$ Million), 2021–2026
7.9.5 Zycus Recent Developments
7.10 Zip
7.10.1 Zip Profile
7.10.2 Zip Main Business
7.10.3 Zip Procurement AI Agent Products, Services, and Solutions
7.10.4 Zip Procurement AI Agent Revenue (US$ Million), 2021–2026
7.10.5 Zip Recent Developments
7.11 JAGGAER
7.11.1 JAGGAER Profile
7.11.2 JAGGAER Main Business
7.11.3 JAGGAER Procurement AI Agent Products, Services, and Solutions
7.11.4 JAGGAER Procurement AI Agent Revenue (US$ Million), 2021–2026
7.11.5 JAGGAER Recent Developments
7.12 UiPath
7.12.1 UiPath Profile
7.12.2 UiPath Main Business
7.12.3 UiPath Procurement AI Agent Products, Services, and Solutions
7.12.4 UiPath Procurement AI Agent Revenue (US$ Million), 2021–2026
7.12.5 UiPath Recent Developments
7.13 Workday
7.13.1 Workday Profile
7.13.2 Workday Main Business
7.13.3 Workday Procurement AI Agent Products, Services, and Solutions
7.13.4 Workday Procurement AI Agent Revenue (US$ Million), 2021–2026
7.13.5 Workday Recent Developments
7.14 Fairmarkit
7.14.1 Fairmarkit Profile
7.14.2 Fairmarkit Main Business
7.14.3 Fairmarkit Procurement AI Agent Products, Services, and Solutions
7.14.4 Fairmarkit Procurement AI Agent Revenue (US$ Million), 2021–2026
7.14.5 Fairmarkit Recent Developments
7.15 Keelvar
7.15.1 Keelvar Profile
7.15.2 Keelvar Main Business
7.15.3 Keelvar Procurement AI Agent Products, Services, and Solutions
7.15.4 Keelvar Procurement AI Agent Revenue (US$ Million), 2021–2026
7.15.5 Keelvar Recent Developments
7.16 Pactum
7.16.1 Pactum Profile
7.16.2 Pactum Main Business
7.16.3 Pactum Procurement AI Agent Products, Services, and Solutions
7.16.4 Pactum Procurement AI Agent Revenue (US$ Million), 2021–2026
7.16.5 Pactum Recent Developments
7.17 Globality
7.17.1 Globality Profile
7.17.2 Globality Main Business
7.17.3 Globality Procurement AI Agent Products, Services, and Solutions
7.17.4 Globality Procurement AI Agent Revenue (US$ Million), 2021–2026
7.17.5 Globality Recent Developments
7.18 ORO Labs
7.18.1 ORO Labs Profile
7.18.2 ORO Labs Main Business
7.18.3 ORO Labs Procurement AI Agent Products, Services, and Solutions
7.18.4 ORO Labs Procurement AI Agent Revenue (US$ Million), 2021–2026
7.18.5 ORO Labs Recent Developments
7.19 Sunyur
7.19.1 Sunyur Profile
7.19.2 Sunyur Main Business
7.19.3 Sunyur Procurement AI Agent Products, Services, and Solutions
7.19.4 Sunyur Procurement AI Agent Revenue (US$ Million), 2021–2026
7.19.5 Sunyur Recent Developments
7.20 iFLYTEK
7.20.1 iFLYTEK Profile
7.20.2 iFLYTEK Main Business
7.20.3 iFLYTEK Procurement AI Agent Products, Services, and Solutions
7.20.4 iFLYTEK Procurement AI Agent Revenue (US$ Million), 2021–2026
7.20.5 iFLYTEK Recent Developments
8 Industry Chain Analysis
8.1 Procurement AI Agent Value Chain
8.2 Procurement AI Agent Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Key Suppliers of Raw Materials
8.2.3 Cost Structure
8.3 Midstream Analysis
8.4 Downstream (Customer) Analysis
8.5 Sales Model and Sales Channelss
8.5.1 Procurement AI Agent Sales Model
8.5.2 Sales Channels
8.5.3 Procurement AI Agent Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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The global Procurement AI Agent market was valued at US$ 662 million in 2025 and is anticipated to reach US$ 5969 million by 2032, at a CAGR of 35.0% from 2026 to 2032.
Published Date: 2026-07-19
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The global Procurement AI Agent market was valued at US$ 662 million in 2025 and is anticipated to reach US$ 5969 million by 2032, at a CAGR of 35.0% from 2026 to 2032.
Published: 2026-07-19
Pages: 133
The global Procurement AI Agent market size was US$ 662 million in 2025 and is forecast to reach a readjusted size of US$ 5969 million by 2032 with a CAGR of 35.0% during the forecast period 2026-2032.
Published: 2026-07-19
Pages: 124
The global Procurement AI Agent market is projected to grow from US$ 662 million in 2025 to US$ 5969 million by 2032, at a CAGR of 35.0% (2026-2032), driven by critical product segments and diverse end‑use applications.
Published: 2026-07-19
Pages: 154
REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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