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Procurement Analytics Market is expected to reach a market value of USD 10.37 billion by 2029, growing at a CAGR of 20.4% during the forecast period
Procurement Analytics Market
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The report covers an in-depth analysis of the key developments, marketing strategies, supply chain analysis, and value chain analysis and company profiles of market leaders, potential players, and new entrants. Some of the key players covered in this report are SAP (Germany), Oracle (US), SAS (US), IBM (US), Coupa Software (US), Zycus (US), BRIDGEi2i Analytics (India), and JAGGAER (US) among others. These key players are adopting various organic and inorganic growth strategies such as merger & acquisitions, expansion, collaborations, joint ventures, strategic alliances, diversifications, new product launches, and patent to increase their regional presence and business operations.
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What are Procurement Analytics Market Dynamics:
The report highlights the drivers propelling the market growth, including the increasing focus on enhancing procurement channels' operational efficiencies, the imminent need to handle compliance policies and contracts, and organizations' struggle to sustain their position in the competitive environment. Additionally, the rapid growth in technology and automation across numerous industry verticals, increasing adoption of ML and AI procurement process, and growing demand for cloud-based analytical solutions are expected to create lucrative opportunities for the market over the forecast period.
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On the other hand, the report also identifies the factors that are hindering the market growth, including growing concerns over data security across Small and Medium Enterprises (SME), complexities in streamlining the processes and concerns regarding data privacy, lack of analytical expertise, and reluctance to adopt advanced analytical technologies.
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What is Procurement Analytics Market Segmentation?
by Components:
• Solutions
• Services
by Application:
• Supply Chain Analytics
• Risk Analytics
• Spend Analytics
• Demand Forecasting
• Contract Management
• Vendor Management
by Organization Size:
• Small and Medium Enterprise (SME)
• Large Enterprises
by End User:
• Banking, Financial Services, and Insurance
• Government and Defence
• Retail and eCommerce
• Healthcare and Lifesciences
• Telecom and IT
• Energy and Utilities
• Manufacturing
• Others (Media and Entertainment, Transportation and Logistics, Real Estate and Construction, and Education)
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Who are Procurement Analytics Market Key Players?
• SAP (Germany)
• Oracle (US)
• SAS (US)
• IBM (US)
• Coupa Software (US)
• Zycus (US)
• BRIDGEi2i Analytics (India)
• JAGGAER (US)
• Rosslyn Data Technologies (England)
• Genpact (UK)
• Tamr (US)
• Simfoni (US)
• BirchStreet (US)
• Proactis (UK)
• Sievo (Finland)
• Tungsten Network
• Dataction
• Simfoni
• Cisco Systems, Inc.
• Amazon Web Services, Inc.
Table of content for the Procurement Analytics Market includes:
Global Procurement Analytics Market: Research Methodology
Global Procurement Analytics Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Procurement Analytics Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Procurement Analytics Market Segmentation
Global Market, by Components(2021-2029)
Global Market, by Application (2021-2029)
Global Market, by Organization Size(2021-2029)
Global Market, by End User(2021-2029)
Regional Procurement Analytics Market(2021-2029)
Global Market, by Components(2021-2029)
Global Market, by Application (2021-2029)
Global Market, by Organization Size(2021-2029)
Global Market, by End User(2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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