Procurement Analytics Market Is Ready To Grow Globally With Phenomenal Trend Diversity By SAP, Oracle, SAS, Coupa Software, BRIDGEi2i Analytics Solutions, Rosslyn Data Technologies, JAGGAER, Zycus, Genpact, Proactis, BirchStreet Systems And others

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Market Analysis: Global Procurement Analytics Market

Global Procurement Analytics Market is expected to rise from its initial estimated value of USD 1.67 billion in 2018 to an estimated value of USD 7.38 billion by 2026, registering a CAGR of 20.42% in the forecast period of 2019-2026. Increasing demand for cloud based analytical solutions is driving the market.

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Major Market Competitors/Players: Global Procurement Analytics Market

SAP, Oracle, SAS, Coupa Software, BRIDGEi2i Analytics Solutions, Rosslyn Data Technologies, JAGGAER, Zycus, Genpact, Proactis, BirchStreet Systems, Tamr, Sievo, Tungsten Corporation, Dataction Analytics Private Limited, And Other s

Key Developments in the Market: Global Procurement Analytics Market

In October 2018, Sievo announced the launch of their new Dynamic Benchmarking solution which is specially designed to help the procurement organization to observe category performance, critical financial metrics and peer benchmarks. The main aim is to help the business to analyse their performance and check where they are falling behind. This solution will help them to be more efficient & intelligent so that they can create more revenue.

In October 2018, Mintec announced the launch of their procurement platform which is equipped by Robotic Process Automation whose main aim is to change the relationship between the buyers and sellers. This platform is specially designed to provide information about the key drivers, weather patterns, events etc. which is affecting the price.

Table Of Content: Global Procurement Analytics Market

Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Global Procurement Analytics Market Landscape
Part 04: Global Procurement Analytics Market Sizing
Part 05: Global Procurement Analytics Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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Market Drivers: Global Procurement Analytics Market

Rising demand for cloud based analytical solutions is driving the growth of this market

Increasing focus on augmenting the ability of procurement channels is driving the market

Market Restraints: Global Procurement Analytics Market

Lack trained and skilled analytical professionals is restraining the growth of this market

Increasing awareness towards data security is another factor restraining market

Competitive Analysis: Global Procurement Analytics Market

Global procurement analytics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of procurement analytics market for global, Europe, North America, Asia-Pacific and South America.

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Segmentation: Global Procurement Analytics Market

By Component
Solutions
Services
 Professional Services
 Training and Education
 Consulting
 Support and Maintenance
 Integration and Deployment
 Managed Services

By Application Area
o Supply Chain Analytics, Risk Analytics, Spend Analytics, Demand Forecasting Contract Management, Vendor Management

By Deployment Type
o Cloud, On- Premises

By Organization Type
o Small and Medium-Sized Enterprises, Large Enterprises

By Vertical
o Retail and eCommerce, Manufacturing, Government and Defense, Healthcare and Life Sciences, Telecom and IT, Energy and Utilities, Banking, Financial Services, and Insurance, Others

By Geography
o North America, South America, Europe, Asia-Pacific, Middle East and Africa

Customization of the Report: Global Procurement Analytics market report can be customized to meet the client’s requirements. Please connect with us (sopan.gedam@databridgemarketresearch.com), we will ensure that you get a report that suits your needs.

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