Spend Analytics Market Size, Share, Trends - Industry Analysis 2022

Spend Analytics Market Size, Capacity, Trends, Outlook, Research, Analysis, Growth | Industry Report 2022 Market Research Report to It’s a Database.

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The global spend analytics market size is estimated to grow from USD 1.33 billion in 2017 to USD 3.01 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 17.7%. Need for predictive analytics for businesses, requirement for better managing internal compliance policies and external contracts, and growing demand for cloud computing technology are other factors fueling the growth of this market. However, difficulty in migrating from legacy systems is the biggest restraint for the spend analytics market.

Finance departments need to constantly monitor, identify, and react with speed to various changes being implemented because of changes in regulation, risk, and compliance. By analyzing financial data along with pricing data, organizations can come up with strategies to improve profits and restrict unwanted spending. Spend analytics provides a platform to measure and standardize performance, monitor trends, and optimize strategies, which are instrumental in allocating capital, managing assets, and mitigating risks.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of the profiles of the primary participants is given below:
• By Company: Tier 1:22%, Tier 2: 30%, and Tier 3:48%
• By Designation: C-level:30%, Director level:45%, and Others:25%
• By Region: North America:48%, Europe:30%, and APAC:22%

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Key Points From Table Of Content :

Company Profiles :

15.1 SAP SE
15.1.1 Overview
15.1.2 Product Offering Scorecard
15.1.3 Business Strategy Scorecard
15.1.4 Recent Developments
15.1.5 MnM View
15.1.6 Key Relationships

15.2 SAS Institute Inc.
15.2.1 Overview
15.2.2 Product Offering Scorecard
15.2.3 Business Strategy Scorecard
15.2.4 Recent Developments
15.2.5 MnM View
15.2.6 Key Relationships

15.3 International Business Machines (IBM) Corporation
15.3.1 Overview
15.3.2 Product Offering Scorecard
15.3.3 Business Strategy Scorecard
15.3.4 Recent Developments
15.3.5 MnM View
15.3.6 Key Relationships

15.4 Oracle Corporation
15.4.1 Overview
15.4.2 Product Offering Scorecard
15.4.3 Business Strategy Scorecard
15.4.4 Recent Developments
15.4.5 MnM View
15.4.6 Key Relationships

15.5 Coupa Software Inc.
15.6 Zycus Inc.
15.7 Proactis
15.8 Empronc Solutions Pvt. Ltd.
15.9 Jaggaer
15.10 Rosslyn Analytics, Ltd.
15.11 Ivalua Inc.
15.12 Bravosolution Spa

Research Coverage :

The report segments the spend analytics market based on components, which include software and services; the services segment is further segmented into managed services and professional services. Under professional services, the report is further segmented into support and maintenance, and consulting services. Based on deployment models, the market is segmented into on-premises and hosted. Under organization size, it is segmented into Small and Medium-Sized Enterprises (SMEs) and large organizations, whereas under the application segment, the market is segmented into financial management, risk management, governance and compliance management, supplier sourcing and performance management, demand and supply forecasting, and others. Under business function, the market includes finance, Information Technology (IT), marketing, and procurement. Under analytics type, the market includes predictive, prescriptive, and descriptive. Under verticals, the market includes manufacturing, retail and eCommerce, government and defense, healthcare and life sciences, telecommunications and IT, energy and utilities, BFSI, and others. The regions are segmented into North America, Europe, APAC, Middle East and Africa (MEA), and Latin America.

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