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Global Procurement Analytics Market 2019-2023 - Product Image

Global Procurement Analytics Market 2019-2023

  • ID: 4787731
  • Report
  • Region: Global
  • 116 pages
  • TechNavio
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FEATURED COMPANIES

  • Coupa Software Inc.
  • IBM Corp.
  • Oracle Corp.
  • SAP SE
  • SAS Institute Inc.
  • MORE
Global Procurement Analytics Market: About this market

Procurement analysis solution analyzes quantitative data of procurement to derive outcomes from datasets and provide actionable insights. The procurement analytics market analysis considers the deployment of on-premises procurement analytics and cloud-based procurement analytics. Our analysis also considers the adoption of procurement analytics in APAC, Europe, MEA, North America, and South America. In 2018, the on-premises segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as control over on-premises solutions will play a significant role in the on-premises segment to maintain its market position. Also, our global procurement analytics market looks into factors such as growing e-commerce and organized retail industry, need for improving business efficiencies, and the need for complying with regulatory requirements. However, the need for improving data consistency, interoperability issues associated with resource planning software, and the shortage of skilled analytics professionals and high attribution rates may hamper the growth of the procurement analytics industry over the forecast period.

Global Procurement Analytics Market: Overview

Need to improve business efficiency

The increasing adoption of new technologies across the manufacturing and healthcare industries has led to the generation of a large amount of data. Enterprises are becoming aware of leveraging this data to optimize their procurement costs and increase their revenue using procurement analytics. This is helping organizations by creating growth opportunities by limiting errors and failure rates. The procurement analytics solutions help organizations in identifying risks and trends associated with businesses and accelerates the management and planning of complex contract and projects. Many such benefits offered by procurement analytics has increased their demand among organizations and is driving the growth of the global procurement analytics market size at a CAGR of almost 20% during the forecast period.

Integration of artificial intelligence (AI) in procurement process

Integration of AI in procurement process helps enterprises in making the process more efficient and provides enterprises a centralized view of their businesses. AI also notifies about the cost discrepancies, provide data about unusual order frequencies, and detect patterns that help enterprises in understanding potential frauds and identify top-performing trading partners and suppliers. The integration of AI in the procurement process will have a positive impact on the growth of the market.

Competitive Landscape

With the presence of several players, the global procurement analytics market is fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several procurement analytics solution providers, that include Coupa Software Inc., IBM Corp., Oracle Corp., SAP SE, and SAS Institute Inc.

Also, the procurement analytics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Coupa Software Inc.
  • IBM Corp.
  • Oracle Corp.
  • SAP SE
  • SAS Institute Inc.
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY DEPLOYMENT
  • Market segmentation by deployment
  • Comparison by deployment
  • On-premises - Market size and forecast 2018-2023
  • Cloud-based - Market size and forecast 2018-2023
  • Market opportunity by deployment
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS

PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Coupa Software Inc.
  • IBM Corp.
  • Oracle Corp.
  • SAP SE
  • SAS Institute Inc.
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
PART 15: EXPLORE

List of Exhibits
Exhibit 01: Global information technology (IT) spending market
Exhibit 02: Segments of global information technology (IT) spending market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Deployment - Market share 2018-2023 (%)
Exhibit 18: Comparison by deployment
Exhibit 19: On-premises - Market size and forecast 2018-2023 ($ millions)
Exhibit 20: On-premises - Year-over-year growth 2019-2023 (%)
Exhibit 21: Cloud-based - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: Cloud-based - Year-over-year growth 2019-2023 (%)
Exhibit 23: Market opportunity by deployment
Exhibit 24: Customer landscape
Exhibit 25: Market share by geography 2018-2023 (%)
Exhibit 26: Geographic comparison
Exhibit 27: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 28: North America - Year-over-year growth 2019-2023 (%)
Exhibit 29: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 30: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 31: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 32: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 33: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 34: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 35: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 36: South America - Year-over-year growth 2019-2023 (%)
Exhibit 37: Key leading countries
Exhibit 38: Market opportunity
Exhibit 39: Impact of drivers and challenges
Exhibit 40: Vendor landscape
Exhibit 41: Landscape disruption
Exhibit 42: Vendors covered
Exhibit 43: Vendor classification
Exhibit 44: Market positioning of vendors
Exhibit 45: Coupa Software Inc. - Vendor overview
Exhibit 46: Coupa Software Inc. - Business segments
Exhibit 47: Coupa Software Inc. - Organizational developments
Exhibit 48: Coupa Software Inc. - Geographic focus
Exhibit 49: Coupa Software Inc. - Key offerings
Exhibit 50: IBM Corp. - Vendor overview
Exhibit 51: IBM Corp. - Business segments
Exhibit 52: IBM Corp. - Organizational developments
Exhibit 53: IBM Corp. - Geographic focus
Exhibit 54: IBM Corp. - Segment focus
Exhibit 55: IBM Corp. - Key offerings
Exhibit 56: Oracle Corp. - Vendor overview
Exhibit 57: Oracle Corp. - Business segments
Exhibit 58: Oracle Corp. - Organizational developments
Exhibit 59: Oracle Corp. - Geographic focus
Exhibit 60: Oracle Corp. - Segment focus
Exhibit 61: Oracle Corp. - Key offerings
Exhibit 62: SAP SE - Vendor overview
Exhibit 63: SAP SE - Business segments
Exhibit 64: SAP SE - Organizational developments
Exhibit 65: SAP SE - Geographic focus
Exhibit 66: SAP SE - Segment focus
Exhibit 67: SAP SE - Key offerings
Exhibit 68: SAS Institute Inc. - Vendor overview
Exhibit 69: SAS Institute Inc. - Product segments
Exhibit 70: SAS Institute Inc. - Organizational developments
Exhibit 71: SAS Institute Inc. - Geographic focus
Exhibit 72: SAS Institute Inc. - Key offerings
Exhibit 73: Validation techniques employed for market sizing
    Note: Product cover images may vary from those shown
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    FEATURED COMPANIES

    • Coupa Software Inc.
    • IBM Corp.
    • Oracle Corp.
    • SAP SE
    • SAS Institute Inc.
    • MORE
    The following companies are recognised as the key players in the global procurement analytics market: Coupa Software Inc., IBM Corp., Oracle Corp., SAP SE, and SAS Institute Inc.

    Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the integration of artificial intelligence (AI) in the procurement process.”

    According to the report, one of the major drivers for this market is the need to improve business efficiency.

    Further, the report states that one of the major factors hindering the growth of this market is the interoperability issues associated with resource planning software.

    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 vendors.
    Note: Product cover images may vary from those shown
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    • Coupa Software Inc.
    • IBM Corp.
    • Oracle Corp.
    • SAP SE
    • SAS Institute Inc.
    Note: Product cover images may vary from those shown
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