Procurement - Cognitive Process Automation Market Statistics
The global procurement cognitive process automation market size was valued at US$ 1,405.4 million in 2023 and is estimated to grow at a compound annual growth rate (CAGR) of 29.4% from 2023 to 2030.
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Procurement - Cognitive process automation market highlights
- The global procurement segment generated a revenue of USD 1,405.4 million in 2023 and is expected to reach USD 8,545.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 28.5% by 2030.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Market summary
| Market revenue in 2023 | USD 1,405.4 million |
| Market revenue in 2030 | USD 8,545.9 million |
| Growth rate | 28.5% (CAGR from 2024 to 2030) |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
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