Procurement Analytics Market Size By Deployment Mode (Cloud, On-premises), By Organization Size (Small & Medium Enterprises, Large Enterprises), By Application Area (Supply Chain Analytics, Risk Analytics, Spend Analytics, Demand Forecasting, Contract Management, Vendor Management), By Vertical (Banking, Financial Services, and Insurance, Government and Defense, Retail and eCommerce, Healthcare and Lifesciences, Telecom and IT, Energy and Utilities, Manufacturing, Other), By Component( Solution, Services), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2023-2028
The Procurement Analytics Market is projected to grow up to US$ 23.50 billion by 2028 growing at a CAGR of 19% during the forecasting period 2023-2028
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Major Players
Study period:
Fastest Growing Market:
2022-2027
APAC
Base Year:
Largest Market:
2021
North America
CAGR:
19
REPORT DESCRIPTION
Procurement analytics is a type of a system which is used to get conclusion and useful information from the data which will help the company to make develop their business right choices. These methods benefit the business to reduction their save money, operation cost and decrease the risk factors. Procurement analytics is the procedure of using quantitative methods to outcomes from data and derive actionable insights. It contains capture and use of data to support gaining competitive advantages and fact-based decision making. Procurement team collects data, process that data so it can make useful insights and later analyze that data to recover this whole process and decision making is called as procurement analytics. It supports organizations to growth the decrease operating cost, cost savings and can be used for different purposes such as to create strategy in the most strategic category plans, to estimate fair market price in order to maximize the savings, in analyzing the consumption pattern which aims to decrease the overall spend, analysis of preferred supplier compliance and in the selection of channel distribution to address savings leakage.
The Procurement Analytics Market is projected to grow up to US$ 23.50 billion by 2028 growing at a CAGR of 19% during the forecasting period 2023-2028
Report Scope
The global market report scope consists of a comprehensive study covering primary factors impacting the industry trends. The study includes analysis of regional and country-level market dynamics. The scope also consists of competitive overview offering company market shares coupled with company profiles for key revenue contributing companies. The report scope covers a detailed competitive outlook covering market shares and profiles of key participants in the market share.
Major Market Players
The key players of the market are SAP, Oracle, SAS, IBM, Coupa Software, Zycus, BRIDGEi2i Analytics, JAGGAER, Rosslyn Data Technologies, Genpact, Tamr, Simfoni , BirchStreet, Proactis and Sievo
The Procurement Analytics Market report has been categorized as below
By Deployment Mode
By Organization Size
By Application Area
By Vertical
By Component
By Region
The years considered for the study are as follows:
Key Questions Addressed by the Report
Why Buy this Report:
1. Procurement Analytics Market Introduction
1.1. Key Insights
1.2. Report Overview
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Market Research Process
2.3. Research Data Analysis
2.4. Market Size Estimation
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Market Drivers and Restraints
5. By Deployment Mode
5.1. Key Points
5.2. Cloud
5.3. On-premises
6. By Vertical
6.1. Key Points
6.2. Banking, Financial Services, and Insurance
6.3. Government and Defense
6.4. Retail and eCommerce
6.5. Healthcare and Lifesciences
6.6. Telecom and IT
6.7. Energy and Utilities
6.8. Manufacturing and
6.9. Others
7. By Component
7.1. Key Points
7.2. Solutions
7.3. Services
7.3.1. Professional Services
7.3.1.1. Training and Education
7.3.1.2. Consulting
7.3.1.3. Integration and Deployment
7.3.1.4. Support and Maintenance
7.3.2. Managed Services
8. By Application Area
8.1. Key Points
8.2. Supply Chain Analytics
8.3. Risk Analytics
8.4. Spend Analytics
8.5. Demand Forecasting
8.6. Contract Management
8.7. Vendor Management
9. By Organization Size
9.1. Key Points
9.2. Large Enterprises
9.3. Small & Medium-Sized Enterprises
10. By Region
10.1. Key Points
10.2. North America
10.3. Europe
10.4. Asia Pacific
10.5. Rest of the World
11. Company Profile
(Profile contain company overview, products/services, financials & recent developments)
11.1. SAP
11.2. Oracle
11.3. SAS
11.4. IBM
11.5. Coupa Software
11.6. Zycus
11.7. BRIDGEi2i Analytics
11.8. JAGGAER
11.9. Rosslyn Data Technologies
11.10. Genpact
11.11. Tamr
11.12. Simfoni
11.13. BirchStreet
11.14. Proactis
11.15. Sievo
The Procurement Analytics Market report has been categorized as below
By Deployment Mode
By Organization Size
By Application Area
By Vertical
By Component
By Region
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