TechNavio’s analysts forecast the Global Automated Spend Analysis Solutions market to grow at a CAGR of 13 percent over the period 2011–2015. One of the key factors contributing to this market growth is the growing need to identify sourcing opportunities. The Global Automated Spend Analysis Solutions market has also been witnessing the increasing focus on cost reduction through spend analysis. However, lack of proper IT infrastructure to automate spend analysis processes could pose a challenge to the growth of this market.
TechNavio’s report, the Global Automated Spend Analysis Solutions Market 2011–2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Automated Spend Analysis Solutions market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors dominating this market space include Ariba Inc., Emptoris Inc., Zycus Inc., and Oracle Corp.
Key questions answered in this report:
What will the market size be in 2014 and at what rate will it grow?
What key trends is this market subject to?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the opportunities and threats faced by each of these key vendors?
What are the strengths and weaknesses of each of these key vendors?
01. Executive Summary
03. Market Coverage
04. Market Landscape
05. Geographical Segmentation
06. Vendor Landscape
07. Buying Criteria
08. Market Growth Drivers
09. Drivers and their Impact
10. Market Challenges
11. Impact of Drivers and Challenges
12. Market Trends
13. Key Vendor Analysis
13.1 Ariba Inc.
13.2 Emptoris Inc.
13.3 Zycus Inc.
13.4 Oracle Corp.
14. Other Reports in this Series
List of Exhibits:
Exhibit 1: Global Automated Spend Analysis Solutions Market 2011–2015 (US$ million)
Exhibit 2: Global Automated Spend Analysis Solutions Market by Number of Companies 2011–2015
Exhibit 3: Global Automated Spend Analysis Solutions Market by Business Size 2011
Exhibit 4: Global Automated Spend Analysis Solutions Market by Geographical Segmentation 2011
Exhibit 5: Global Automated Spend Analysis Solutions Market by Vendor Segmentation 2011
TechNavio Announces the Publication of its Report – Global Automated Spend Analysis Solutions Market 2011–2015
TechNavio today launched its report Global Automated Spend Analysis Solutions Market 2011–2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Enterprise Applications team said, “Automated spend analysis solutions have evolved as an essential software application for helping organizations identify sourcing opportunities and to track compliance of purchasing with sourcing policies. Currently, organizations are adopting these solutions to uncover the benefits where the probable waste can be eliminated. These solutions enable organizations to report on aggregated spend categories and identify supplier/product consolidation opportunities. It also helps companies to source high-quality parts at low cost and to reduce the sourcing cycle time significantly.”
According to the report, in today's challenging business environment, many companies are experiencing a decrease in their sales or flat sales. This has necessitated them to manage their costs to tackle the condition. An automated spend analysis solution enables an organization to combine spend data and influence the purchasing power of the entire organization across multiple systems and businesses.
Further, the report also discusses that the lack of appropriate IT infrastructure to automate spend analysis processes is one of the major challenges confronting this market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.