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Procurement Analytics Market Report 2023-2032 : Size, Growth, Industry Share And Key Trends | SAP, Oracle, Coupa Software, Genpact, Rosslyn Data Technologies
Procurement Analytics Market
Procurement Analytics Market Size, Growth Rate, And Forecast
The global procurement analytics market size grew from $4.08 billion in 2022 to $4.88 billion in 2023 at a compound annual growth rate (CAGR) of 19.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The procurement analytics market size is expected to grow to $10.26 billion in 2027 at a CAGR of 20.4%.
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Procurement Analytics Market Drivers
Growth in e-commerce and the organized retail industry is expected to propel the growth of the procurement analytics market. E-commerce refers to a medium used by customers and vendors to buy or sell goods and services from the Internet from websites, applications and others through computers, tablets, smartphones, and other smart devices.
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Procurement Analytics Market Segments
By Component: Solutions, Services.
By Deployment Mode: Cloud, On-Premises.
By End User: Retail and E-commerce, Manufacturing, Government and Defense, Healthcare and Life Sciences, Telecom and IT, Energy and Utilities, Banking, Financial Services, and Insurance, Other End Users.
By Application: Supply Chain Analytics, Risk Analytics, Spend Analytics, Demand Forecasting, Contract Management, Vendor Management, Category Management.
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Procurement Analytics market.
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Procurement Analytics Market Key Players
Major competitors in the procurement analytics market include SAP, Oracle, Coupa Software, Genpact, Rosslyn Data Technologies, IBM, Cisco, Microsoft Corp.
The Business Research Company's "Global Procurement Analytics Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Procurement Analytics Market Include:
1. Executive Summary
2. Procurement Analytics Market Characteristics
3. Procurement Analytics Market Trends And Strategies
4. Procurement Analytics Market - Macro Economic Scenario
5. Procurement Analytics Market Size And Growth
……
26. Africa Procurement Analytics Market
27. Procurement Analytics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Procurement Analytics Market
29. Procurement Analytics Market Future Outlook and Potential Analysis
30. Appendix
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