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Procurement Application Predictions for 2025

Publisher IDC
Published Mar 28, 2025
Length 7 Pages
SKU # IDC19884616

Description

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

Table of Contents

7 Pages

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

Learn More

Related Research

Synopsis

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