Generative AI in Procurement Market Vision: Global Outlook 2024–2033

The Global Generative AI in Procurement Market, valued at USD 174 million in 2023, is projected to reach USD 2,260 million by 2032, growing at a CAGR of 33%, driven by AI-driven automation and analytics advancements. Generative AI enhances procurement through predictive modeling, contract management, and supplier optimization. This market’s growth underscores its vital role in streamlining operations, reducing costs, and improving decision-making across industries.
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