Procurement Analytics Market 2022 Size, Status and Global Outlook - Molex, LLC, Amphenol Corporation, Airgain

The Procurement Analytics Market outlook looks extremely promising is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain, future roadmaps and its distributor analysis. The report provides a comprehensive look at the regions such as North America, Europe, APAC, and ROW of the Procurement Analytics Market.

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendors/key players in the market. Top Companies in the Global Procurement Analytics Market: Molex, LLC, Amphenol Corporation, Airgain, Inc., Galtronics USA, Inc, Sunway Communication, Luxshare Precision, Murata Manufacturing Co., Ltd., Huizhou SPEED Wireless Technology Co., Ltd, Fujikura Electronics, Xinwei Communication, Holitech America Inc, AAC Technologies, TE Connectivit, Qualcomm Technologies, Inc, Texas Instruments Incorporated, Linx Technologies

The procurement analytics market is expected to grow at a CAGR of approximately 20% over the forecast period.

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Industry News:

- March 2020 : SAP SE integrated procurement and enterprise resource planning solutions to deliver next-generation spend management. The next-generation spend management process integration can provide complete visibility and control to help customers achieve business outcomes.

- October 2019 : Supply chain and procurement optimization solution provider LevaData collaborated with IBM to augment its data analytics capabilities. Both the companies are rolling out the DirectSpend IQ solution, which primarily deploys IBM managed services solutions with LevaData's cognitive sourcing platform. With this, the supply chain and procurement professionals can access to analytics and insights that provide necessary guidance on direct procurement cost savings opportunities.

Scope of the report:

- Cloud computing technology is becoming mainstream, and the seamless connectivity provided by the cloud makes it accessible and increases the ease of sharing data and applications. According to the Right Scale's annual State of the Cloud Report 2019, 91% of businesses use public cloud, and 72% use a private one. Most enterprises use both options, with 69% of them opting for the hybrid cloud solution. Hence, the advent of cloud technology is also boosting the growth of the market.

- Zycus, a key vendor for comprehensive and end-to-end Source-to-Pay suite for procurement, announced that a government regulatory body of Australia had selected Zycus for its procurement transformation. The client organization aims to standardize its procurement process to increase efficiency across its e-Sourcing, Contract Management, and Supplier Information Management operations.

Key Trends:

- The benefits of spend analytics include more in-depth insight through Data Visualization, help in the deployment of cost-saving processes, large files are easy to access, and data is updated and located in real-time. It increases the scalability of the system and reduces the organization's investment through better utilization and consumption.

- In response to this, recently, in March 2020, the Welsh Government mentioned of developing a Decarbonisation Dashboard based on Atamis spend analytics software solution to enable the analysis of Carbon dioxide equivalent intensity from their expenditure. This information will allow the organization to identify high emitting areas to inform the development of decarbonization action plans.

- Moreover, Coupa, a cloud-based spend management software company, rolled out enhancements to its business spend management (BSM) solution through the addition of voice activation using Amazon Alexa to manage inventory, locate items, and reorder stock. The advancement in IoT technologies and increasing potentials among growing economies are also encouraging organizations to expand their spend analytics tools adoption to developing countries.

The report has 150 tables and figures browse the report description and TOC:

https://www.marketinsightsreports.com/reports/02285849841/procurement-analytics-market-growth-trends-covid-19-impact-and-forecasts-2022-2027?mode=206

Important Features of the report:

Detailed analysis of the Global Procurement Analytics Market
Fluctuating market dynamics of the industry
Detailed market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of the Global Procurement Analytics Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective toward Global Procurement Analytics Market performance

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