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The procurement analytics market is forecasted to grow by USD 5.81 billion during 2024-2029, accelerating at a CAGR of 19.8% during the forecast period. The report on the procurement analytics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for cost reduction and efficiency, need for better supplier and risk management, and increased focus on strategic sourcing.
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The procurement analytics market is segmented as below:
By Deployment
- On-premises
- Cloud
By Business Segment
- Large enterprises
- SMEs
By Component
- Solutions
- Services
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
The report on the procurement analytics market covers the following areas:
- Procurement Analytics Market sizing
- Procurement Analytics Market forecast
- Procurement Analytics Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Deployment
9 Market Segmentation by Business Segment
10 Market Segmentation by Component
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global procurement analytics market: Accenture PLC, BirchStreet Systems Inc., Coupa Software Inc., Empronc Solutions Pvt. Ltd, Genpact Ltd., GEP, International Business Machines Corp., Ivalua Inc., JAGGAER LLC, Microsoft Corp., Oracle Corp., Proactis Holdings plc, Robobai Pty Ltd., Rosslyn Data Technologies Plc, SAP SE, SAS Institute Inc., Sievo, Simfoni Ltd., Xeeva Inc., and Zycus Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is integration of ai and predictive analytics."
According to the report, one of the major drivers for this market is the growing demand for cost reduction and efficiency.
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.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Accenture PLC
- BirchStreet Systems Inc.
- Coupa Software Inc.
- Empronc Solutions Pvt. Ltd
- Genpact Ltd.
- GEP
- International Business Machines Corp.
- Ivalua Inc.
- JAGGAER LLC
- Microsoft Corp.
- Oracle Corp.
- Proactis Holdings plc
- Robobai Pty Ltd.
- Rosslyn Data Technologies Plc
- SAP SE
- SAS Institute Inc.
- Sievo
- Simfoni Ltd.
- Xeeva Inc.
- Zycus Inc.
