Government Procurement Software Research: the global market size is projected to reach USD 1.85 billion by 2031

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Government Procurement Software- Global Market Share and Ranking, Overall Sales and Demand Forecast 2026-2032". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2026-2032), this report provides a comprehensive analysis of the global Government Procurement Software market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Government Procurement Software was estimated to be worth US$ 982 million in 2024 and is forecast to a readjusted size of US$ 1851 million by 2031 with a CAGR of 9.3% during the forecast period 2025-2031.

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Government Procurement Software Market Summary

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.

According to the new market research report "Global Government Procurement Software Market Report 2025-2031", published by QYResearch, the global Government Procurement Software market size is projected to reach USD 1.85 billion by 2031, at a CAGR of 9.3% during the forecast period.

Industry Trends

Governments are increasingly moving procurement systems to cloud-based platforms. This shift enables scalability, easier updates, and reduced infrastructure costs, while supporting remote access and collaboration across agencies.

Artificial intelligence and machine learning are being embedded into procurement tools to automate repetitive tasks, enhance decision-making, and provide predictive analytics. This trend improves efficiency and reduces human error in complex procurement processes.

Blockchain technology is gaining traction for its ability to ensure transparency, traceability, and security in procurement. Immutable records help prevent fraud and strengthen trust in public sector transactions.

Modern procurement software emphasizes intuitive interfaces and mobile accessibility. Governments are prioritizing user-friendly platforms that improve adoption rates and allow procurement officers to manage tasks on the go.

Challenges & Risks

Government procurement operates under strict laws and policies that vary across regions. Software providers face challenges in ensuring compliance with evolving regulations, which can slow adoption and increase implementation costs.

Procurement systems handle sensitive financial and vendor information. Cybersecurity threats, data breaches, and inadequate privacy safeguards pose significant risks, making robust security measures essential for trust and reliability.

Many government agencies still rely on outdated IT infrastructure. Integrating new procurement platforms with legacy systems can be technically complex, costly, and time‐consuming, often delaying modernization efforts.

Governments risk over‐reliance on a limited number of software vendors, which can lead to lock‐in and reduced flexibility. Additionally, a fragmented market with varying standards complicates interoperability and long‐term sustainability.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Government Procurement Software market is segmented as below:
By Company
Salesforce
GovSpend
OpenGov
SOVRA
Ivalua
Deltek
Jaggaer
Euna Solutions
Unison Software
SAP
Infor
PandaDoc
Authorium
Procurement Sciences AI
CobbleStone
Atamis
Pavilion
PlanetBids
Govly
GovPilot
GovDash
Contractbook

Segment by Type
Cloud-Based
On-Premises

Segment by Application
Government
Public Sector

Each chapter of the report provides detailed information for readers to further understand the Government Procurement Software market:

Chapter 1: Introduces the report scope of the Government Procurement Software report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2021-2032)
Chapter 2: Detailed analysis of Government Procurement Software manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2021-2026)
Chapter 3: Provides the analysis of various Government Procurement Software market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2021-2032)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2021-2032)
Chapter 5: Sales, revenue of Government Procurement Software in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2021-2032)
Chapter 6: Sales, revenue of Government Procurement Software in country level. It provides sigmate data by Type, and by Application for each country/region.(2021-2032)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2021-2026)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Government Procurement Software competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Government Procurement Software comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Government Procurement Software market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

Other relevant reports of QYResearch:
Global Government Procurement Software Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
Global Government Procurement Software Market Outlook, In‐Depth Analysis & Forecast to 2031
Global Government Procurement Software Market Research Report 2025
Government Procurement Software- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031

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