FEATURED COMPANIES
- BravoSolution SPA
- Coupa Software Inc.
- IBM Corporation
- Ivalua Inc.
- JAGGAER
- Oracle Corporation
Rising need for organizations to improve spend-visibility which can help in planning and maintaining the optimal inventory level, as well as in forecasting spending is a key factor driving market revenue growth.
Market Size - USD 2,245.7 Million in 2020, Market Growth - CAGR of 16.4%, Market Trends - Rapid industrialization and increasing number of SMEs and Large scale enterprises, globally.
The global spend analytics market size is expected to reach USD 7,628.6 Million in 2028, and register a CAGR of 16.4% during the forecast period. Rising adoption of spend analytics as this technology aids organizations with data to gain insights into supplier performance, to encourage stronger supplier relationships, and proactive development, which can further help the businesses to generate a list of non-performing suppliers. This is one of the major factors expected to drive growth of the global spend analytics market. Continuous price monitoring can help the organizations to improve contract compliance with ease.
Spend analytics is the process of gathering, identifying, cleansing, categorizing, and analyzing the organization's expenditures to decrease procurement costs and improve efficiency.
Some Key Findings From the Report:
For the purpose of this report, the global spend analytics market is segmented on the basis of component, analysis type, deployment mode, industry vertical, end use, and region:
Component Outlook (Revenue, USD Million; 2018 - 2028)
Deployment Mode Outlook (Revenue, USD Million; 2018 - 2028)
Analysis Type Outlook (Revenue, USD Million; 2018 - 2028)
Industry Vertical Outlook (Revenue, USD Million; 2018 - 2028)
End Use Outlook (Revenue, USD Million; 2018 - 2028)
Region Outlook (Revenue, USD Million; 2018 - 2028)
Reasons to Buy the Report
Market Size - USD 2,245.7 Million in 2020, Market Growth - CAGR of 16.4%, Market Trends - Rapid industrialization and increasing number of SMEs and Large scale enterprises, globally.
The global spend analytics market size is expected to reach USD 7,628.6 Million in 2028, and register a CAGR of 16.4% during the forecast period. Rising adoption of spend analytics as this technology aids organizations with data to gain insights into supplier performance, to encourage stronger supplier relationships, and proactive development, which can further help the businesses to generate a list of non-performing suppliers. This is one of the major factors expected to drive growth of the global spend analytics market. Continuous price monitoring can help the organizations to improve contract compliance with ease.
Spend analytics is the process of gathering, identifying, cleansing, categorizing, and analyzing the organization's expenditures to decrease procurement costs and improve efficiency.
Some Key Findings From the Report:
- Among the deployment mode segments, the cloud segment accounted for the largest revenue share of 61.8% in 2020.
- The Asia Pacific market size was USD 516.5 Million in 2020, owing to increasing penetration of cloud technology, the IoT (Internet of Things), AI (Artificial Intelligence), and Big Data, among others in countries in the region.
- Key players profiled in the report include SAS Institute, Inc., SAP SE, Oracle Corporation, IBM Corporation, Zycus Inc., Coupa Software Inc., Empronc Solutions Pvt. Ltd., Proactis, Rosslyn Analytics, Ltd., JAGGAER, Ivalua Inc., and BravoSolution SPA. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global spend analytics market is segmented on the basis of component, analysis type, deployment mode, industry vertical, end use, and region:
Component Outlook (Revenue, USD Million; 2018 - 2028)
- Solution
- Services
Deployment Mode Outlook (Revenue, USD Million; 2018 - 2028)
- Cloud
- On Premise
Analysis Type Outlook (Revenue, USD Million; 2018 - 2028)
- Descriptive
- Diagnostic
- Predictive
- Prescriptive
Industry Vertical Outlook (Revenue, USD Million; 2018 - 2028)
- Government and Defense
- Healthcare and Life Sciences
- Manufacturing
- Retail and E-commerce
- IT and Telecommunication
- Energy and Utilities
- Banking, Financial Services, and Insurance (BFSI)
- Others
End Use Outlook (Revenue, USD Million; 2018 - 2028)
- Governance And Compliance Management
- Financial Management
- Demand And Supply Forecasting
- Risk Management
- Others
Region Outlook (Revenue, USD Million; 2018 - 2028)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Spend Analytics Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Spend Analytics Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
FEATURED COMPANIES
- BravoSolution SPA
- Coupa Software Inc.
- IBM Corporation
- Ivalua Inc.
- JAGGAER
- Oracle Corporation
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Spend Analytics Market Segmentation & Impact Analysis
Chapter 5. Spend Analytics Market By End Use Insights & Trends
Chapter 6. Spend Analytics Market By Deployment Mode Insights & Trends
Chapter 7. Spend Analytics Market By Component Insights & Trends
Chapter 8. Spend Analytics Market By Analysis Type Insights & Trends
Chapter 9. Spend Analytics Market By Industry Vertical Insights & Trends
Chapter 10. Spend Analytics Market Regional Outlook
Chapter 11. Competitive Landscape
Chapter 12. Company Profiles
- SAS Institute Inc.
- SAP SE
- Oracle Corporation
- IBM Corporation
- Zycus Inc.
- Coupa Software Inc.
- Empronc Solutions Pvt. Ltd.
- Proactis
- Rosslyn Analytics Ltd.
- JAGGAER
- Ivalua Inc.
- BravoSolution SPA