Procurement Analytics Market 2020 - Newest Industry Data, Future Trends And Forecast 2026

New York, March 11, 2020: The global Procurement Analytics market is expected to exceed more than US$ 5 Billion by 2024 at a CAGR of 21% in the given forecast period.

The global Procurement Analytics market is segregated on the basis of Application Area as Supply Chain Analytics, Risk Analytics, Spend Analytics, Demand Forecasting, Contract Management, and Vendor Management. Based on Deployment the global Procurement Analytics market is segmented in Cloud and On-Premises. Based on End-User Industry the global Procurement Analytics market is segmented in Telecom and IT, Retail, Media and Entertainment, Manufacturing, Healthcare, Government, Energy and Power, Education, BSFI, and Other.

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The global Procurement Analytics market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Procurement Analytics market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Based on Organization Size, the global Procurement Analytics market is segmented in Small & Medium Business and Large Scale Enterprises. The report also bifurcates the global Procurement Analytics market based on Service in Professional Services and Managed Service.

Integration of analytics with technological trends such as the internet of Things (IoT) and cognitive computing is likely to propel the adoption of the procurement method for highly insightful decision-making. Thus, rising want for extremely efficient solutions for the procural method to increase the operational potency is expected to drive the procural analytics market during the assessment period. Also, surge in demand for cloud-based procurement solutions and rise in demand for data-driven solutions is likely to drive the procurement analytics market during the forecast period.

The report covers:

o Global Procurement Analytics market sizes from 2015 to 2024, along with CAGR for 2018-2024
o Market size comparison for 2017 vs 2024, with actual data for 2017, estimates for 2018 and forecast from 2019 to 2024
o Global Procurement Analytics market trends, covering comprehensive range of consumer trends & manufacturer trends
o Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Procurement Analytics market
o Major market opportunities and challenges in forecast timeframe to be focused
o Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
o Comprehensive company profiles of the key industry players

Reasons to Buy this Report:

o Gain detailed insights on the Procurement Analytics industry trends
o Find complete analysis on the market status
o Identify the Procurement Analytics market opportunities and growth segments
o Analyze competitive dynamics by evaluating business segments & product portfolios
o Facilitate strategy planning and industry dynamics to enhance decision making

Procurement analytics may be a package tool that gives quantitative methods to derive actionable insights and outcomes from datasets. The procurement analytics offer comprehensive information about the historical data, and with the help of prognostic analytical tools enables enterprises to forecast future trends. These quantitative data allows enterprises with data-driven decision-making to gain a competitive advantage in the market. Moreover, implementing analytics in the procural method, permits enterprises to realize better visibility and control over expenses.

On the other hand, lack of secured solutions, privacy concerns, and lack of technical expertise are some of the factors that hinder the growth of the procural analytics market over future few years.

Competitive Rivalry

Oracle Co, Coupa Software, BRIDGEi2i, Rosslyn Data Technologies, SAP, SAS Institute Inc., JAGGAER, Genpact, Zycus, Proactis, and others are among the major players in the global Procurement Analytics market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

The Procurement Analytics Market has been segmented as below:

The Procurement Analytics Market is segmented on the lines of Procurement Analytics Market, By Application Area, Procurement Analytics Market, By Deployment, Procurement Analytics Market, By End-User Industry, Procurement Analytics Market, By Organization Size, Procurement Analytics Market, By Service, Procurement Analytics Market, By Region and Procurement Analytics Market, By Company.

Procurement Analytics Market, By Application Area this market is segmented on the basis of Supply Chain Analytics, Risk Analytics, Spend Analytics, Demand Forecasting, Contract Management and Vendor Management. Procurement Analytics Market, By Deployment this market is segmented on the basis of Cloud and On-Premises. Procurement Analytics Market, By End-User Industry this market is segmented on the basis of Telecom and IT, Retail, Media and Entertainment, Manufacturing, Healthcare, Government, Energy and Power, Education, BSFI and Other. Procurement Analytics Market, By Organization Size this market is segmented on the basis of Small & Medium Business and Large Scale Enterprises. Procurement Analytics Market, By Service this market is segmented on the basis of Professional Services and Managed Service. Procurement Analytics Market, By Region this market is segmented on the basis of North America, Europe, Asia-Pacific and Rest of the World. Procurement Analytics Market, By Company this market is segmented on the basis of Oracle Co, Coupa Software, BRIDGEi2i, Rosslyn Data Technologies, SAP, SAS Institute Inc., JAGGAER, Genpact, Zycus and Proactis.

Report Scope:

The global Procurement Analytics market report scope includes detailed study covering underlying factors influencing the industry trends.

The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.

The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Procurement Analytics market share. Major industry players with significant revenue share include Oracle Co, Coupa Software, BRIDGEi2i, Rosslyn Data Technologies, SAP, SAS Institute Inc., JAGGAER, Genpact, Zycus, Proactis, and others.

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Table of Contents:

1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter's Five Force Analysis

5. Procurement Analytics Market, By Application Area
6. Procurement Analytics Market, By Deployment
7. Procurement Analytics Market, By End-User Industry
8. Procurement Analytics Market, By Organization Size
9. Procurement Analytics Market, By Service
10. Procurement Analytics Market, By Geography
11. Competitive Insights
12. Company Profiles
12.1 Oracle Co
12.1.1 Company Overview
12.1.2 Product/Service Landscape
12.1.3 Financial Overview
12.1.4 Recent Developments
12.2 Coupa Software
12.2.1 Company Overview
12.2.2 Product/Service Landscape
12.2.3 Financial Overview
12.2.4 Recent Developments
12.3 BRIDGEi2i
12.3.1 Company Overview
12.3.2 Product/Service Landscape
12.3.3 Financial Overview
12.3.4 Recent Developments
12.4 Rosslyn Data Technologies
12.4.1 Company Overview
12.4.2 Product/Service Landscape
12.4.3 Financial Overview
12.4.4 Recent Developments
12.5 SAP
12.5.1 Company Overview
12.5.2 Product/Service Landscape
12.5.3 Financial Overview
12.5.4 Recent Developments
12.6 SAS Institute Inc.
12.6.1 Company Overview
12.6.2 Product/Service Landscape
12.6.3 Financial Overview
12.6.4 Recent Developments
12.7 JAGGAER
12.7.1 Company Overview
12.7.2 Product/Service Landscape
12.7.3 Financial Overview
12.7.4 Recent Developments
12.8 Genpact
12.8.1 Company Overview
12.8.2 Product/Service Landscape
12.8.3 Financial Overview
12.8.4 Recent Developments
12.9 Zycus
12.9.1 Company Overview
12.9.2 Product/Service Landscape
12.9.3 Financial Overview
12.9.4 Recent Developments
12.10 Proactis
12.10.1 Company Overview
12.10.2 Product/Service Landscape
12.10.3 Financial Overview
12.10.4 Recent Developments

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