Europe Sourcing Software Market Size & Outlook, 2026-2033
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Europe sourcing software market highlights
- The Europe sourcing software market generated a revenue of USD 1,381.7 million in 2025.
- The market is expected to grow at a CAGR of 10.5% from 2026 to 2033.
- In terms of segment, software was the largest revenue generating component in 2025.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2025 | USD 1,381.7 million |
| Market revenue in 2033 | USD 3,000.0 million |
| Growth rate | 10.5% (CAGR from 2026 to 2033) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software |
Other key industry trends
- In terms of revenue, Europe region accounted for 27.5% of the global sourcing software market in 2025.
- Globally, North America is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,630.9 million by 2033.
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Sourcing Software Market Scope
Sourcing Software Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Scanmarket | View profile | 101-250 | Aarhus, Midtjylland, Denmark, Europe | https://scanmarket.com |
| Promena | View profile | 51-100 | Istanbul, Istanbul, Turkey, Europe | http://www.promena.net/en |
| Procol | View profile | 101-250 | Gurgaon, Haryana, India, Asia | https://www.procol.io |
| Keelvar | View profile | 51-100 | Cork, Cork, Ireland, Europe | https://www.keelvar.com |
| Corcentric | View profile | 501-1000 | Cherry Hill, New Jersey, United States, North America | https://www.corcentric.com |
| Tradeshift | View profile | 501-1000 | San Francisco, California, United States, North America | https://tradeshift.com |
| Vortal | View profile | 101-250 | Oporto, Porto, Portugal, Europe | http://www.vortal.biz |
| Jaggaer | View profile | 501-1000 | Cary, North Carolina, United States, North America | https://www.jaggaer.com |
| Proactis | View profile | 101-250 | Paris, Ile-de-France, France, Europe | https://www.proactis.com |
| Ivalua | View profile | 501-1000 | Massy, Ile-de-France, France, Europe | http://ivalua.com/ |
| Zycus | View profile | 1001-5000 | Princeton, New Jersey, United States, North America | http://www.zycus.com |
| Workday | View profile | 10001+ | Pleasanton, California, United States, North America | http://www.workday.com |
| GEP | View profile | 1001-5000 | Clark, New Jersey, United States, North America | https://www.gep.com |
| SAP SE | View profile | 107602 | Dietmar-Hopp-Allee 16, Walldorf, BW, Germany, 69190 | https://www.sap.com |
Europe sourcing software market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sourcing software market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 108.09% in 2025. Horizon Databook has segmented the Europe sourcing software market based on software covering the revenue growth of each sub-segment from 2021 to 2033.
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Target buyers of Europe sourcing software market databook
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Our clientele includes a mix of sourcing software market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe sourcing software market , including forecasts for subscribers. This continent databook contains high-level insights into Europe sourcing software market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Europe Sourcing Software Market Outlook Share, 2025 & 2033 (US$M)
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