Press release
Spend Analytics Market 2020 - 2026 | Revenue Opportunities By SAP SE; IBM Corporation; SAS Institute Inc.; Oracle; Ipsoft, NICE Ltd, Pegasystem Inc., Uipath and More
Spend Analytics Market
Global spend analytics market is expected to rise to an estimated value of USD 5.66 billion by 2026, registering a healthy CAGR in the forecast period to 2026. This rise in market value can be attributed to the requirement of limiting costs of operations along with the increased usage of these services from the various industrial verticals for procurement operations.
Spend Analytics Market research report is generated with a nice blend of industry insight, talent solutions, practical solutions and use of technology to advance user experience. The key research methodology used in this Spend Analytics Market report by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Nowadays, businesses get highly benefited with the different segments covered in the market research report which provides better market insights to them with which they can drive the business into right direction.
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Spend analytics is the technological service offerings provided by various software and analytical organizations to manage and identify their operational costs. This technology helps in providing valuable information on how to improve the operational cycle of an organization, and also providing analysis on making intelligent business decisions.
Market Drivers:
Increased usage of analytics systems and services to meet the growing demand of intelligent business decisions; this factor is expected to foster growth in the market
Growth in the requirement for complying with the regulations and internal rules of an organizations while also meeting the requirement of certain contractual stipulations; this factor is expected to positively affect the growth
Rise in the adoption rate of AI and cloud-based services amidst the penetration of IoT globally
Key Players Mentioned in the Spend Analytics Market Research Report: SAP SE; IBM Corporation; SAS Institute Inc.; Oracle; Coupa Software Inc.; Zycus Inc.; Proactis Holdings Plc; Empronc Solutions Pvt. Ltd.; JAGGAER; Rosslyn Data Technologies; Ivalua Inc.; Genpact; Capgemini; Simfoni; WNS (Holdings) Ltd.; GEP; PRM360; Advanced; Efficio Limited and DXC Technology Company among others.
Important years considered in the study are:
Historical year - 2014-2019;
Base year - 2019;
Forecast period- 2020 to 2026
If opting for the Global version of Spend Analytics Market analysis is provided for major regions as follows:
North America (USA, Canada and Mexico)
Europe (Germany, France, the United Kingdom, Netherlands, Russia , Italy and Rest of Europe)
Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia, rest of countries etc.)
Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Nigeria and South Africa)
For Detailed Inquiry of Spend Analytics Market Contact us at https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-spend-analytics-market
Key Developments in the Market:
In June 2019, JAGGAER announced the expansion of their "Analytics Capabilities" to their "JAGGAER ONE" spend management platform. The planned upgrade termed as "19.2" will provide for better efficiency of data management while also improving the executions of analytics in these offerings.
In January 2018, JAGGAER announced that they had completed the acquisition of BravoSolution. This acquisition will establish JAGGAER as the leader of independent spend management service provider globally, as they will expand their customer base, along with the servicing capabilities across a variety of regions.
Competitive Analysis:
Global spend 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 spend analytics market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Some of the Major Highlights of TOC covers:
Chapter 1: Methodology & Scope
Definition and forecast parameters
Methodology and forecast parameters
Data Sources
Chapter 2: Executive Summary
Business trends
Regional trends
Product trends
End-use trends
Chapter 3: Access Control Industry Insights
Industry segmentation
Industry landscape
Vendor matrix
Technological and innovation landscape
Chapter 4: Access Control Market, By Region
Chapter 5: Company Profile
Business Overview
Financial Data
Product Landscape
Strategic Outlook
SWOT Analysis
Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
Get Detailed Table of Content at https://www.databridgemarketresearch.com/toc/?dbmr=global-spend-analytics-market
Reason to Buy:
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Spend Analytics Market
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Spend Analytics Market, thereby allowing players to develop effective long term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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