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Procurement Analytics Market By Component, By Deployment Mode, By Enterprise Size, By Application, By Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 344 Pages
  • September 2023
  • Region: Global
  • Allied Market Research
  • ID: 5725253
Procurement analytics refers to the process of using quantitative methods to derive actionable insights and outcomes from data. Promote fact-based decision-making and obtaining competitive advantages, it entails the collection and use of data. The process by which the procurement team gathers data transforms it into insightful knowledge and then analyses it to enhance decision-making is referred to as procurement analytics. It assists businesses in increasing cost savings, reducing operating costs, and serving a variety of functions, including developing strategies for the most strategic category plans, determining fair market value to maximize savings, examining consumption patterns to cut back on overall spending, analyzing preferred supplier compliance, and choosing distribution channels to stop savings leakage.

The procurement industry is gaining new insights owing to the deployment of powerful data analytics, which can then be applied to negotiations, vendor segmentation, performance management, and annual purchasing plan. Data from the procurement department is extremely abundant and includes transaction history, expenditure information, and other information. With the help of intelligent argumentation, the use of analytics in procurement data can lead to improved business decisions.

The procurement analytics market is segmented on the basis of component, deployment mode, enterprise size, application, industry vertical, and region. By component, it is segmented into solution and services. Based on deployment model, the market is categorized into on-premise and cloud. By enterprise size, the market is categorized into large enterprise and SMEs. By application, the market is categorized into strategic sourcing, spend management, process management, category management, contract management, and transaction management. Based on industry vertical, the market is categorized into BFSI, manufacturing, retail, IT and telecom, healthcare, and others. Based on manufacturing, the market is categorized into food and beverages, industrial machinery and heavy equipment, high tech and consumer electronics, automotive, and others. Based on high tech and consumer electronics, the market is categorized into consumer electronics, PCs & laptops, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.

The key players operating in the market include Amazon Web Services (AWS), BirchStreet Systems, Cisco System, Inc., Coupa Software Inc., Genpact, International Business Machine (IBM), Jaggaer, Microsoft Corporation, Oracle Corporation, Proactis, Rosslyn Data Technologies, SAP SE, SAS Institute, Sievo, Simfoni, Workday, Inc., and Zycus Inc.. These key players have adopted numerous key development strategies such as partnership and new product launches, which help to strengthen their grip in the Decentralized identity market.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the procurement analytics market analysis from 2021 to 2031 to identify the prevailing procurement analytics market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the procurement analytics market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global procurement analytics market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

  • Quarterly Update and* (only available with a corporate license, on listed price)
  • 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
  • Free Upcoming Version on the Purchase of Five and Enterprise User License.
  • 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
  • 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
  • Free data Pack on the Five and Enterprise User License. (Excel version of the report)
  • Free Updated report if the report is 6-12 months old or older.
  • 24-hour priority response*
  • Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

  • Senario Analysis & Growth Trend Comparision
  • Strategic Recommedations
  • Additional company profiles with specific to client's interest
  • Additional country or region analysis- market size and forecast
  • Expanded list for Company Profiles
  • Key player details (including location, contact details, supplier/vendor network etc. in excel format)
  • Market share analysis of players at global/region/country level
  • SWOT Analysis

Key Market Segments

By Component

  • Solution
  • Services

By Deployment Mode

  • On Premise
  • Cloud

By Enterprise Size

  • Large Enterprises
  • SMEs

By Application

  • Strategic Sourcing
  • Spend Management
  • Process Management
  • Category Management
  • Contract Management
  • Transaction Management

By Industry Vertical

  • BFSI
  • Manufacturing
  • Type
  • Food and Beverages
  • Industrial Machinery and Heavy Equipment
  • High Tech and Consumer Electronics
  • Automotive
  • Others
  • Retail
  • IT and Telecom
  • Healthcare
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • Rest Of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest Of Asia-Pacific
  • LAMEA
  • Brazil
  • Mexico
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest Of LAMEA
  • Key Market Players
  • IBM Corporation
  • Data Technologies Inc.
  • Genpact
  • SAP SE
  • Oracle Corporation
  • Microsoft
  • Cisco Systems, Inc.
  • SAS Institute Inc

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.3. Porter’s five forces analysis
3.4. Market dynamics
CHAPTER 4: PROCUREMENT ANALYTICS MARKET, BY COMPONENT
4.1. Overview
4.2. Solution
4.3. Services
CHAPTER 5: PROCUREMENT ANALYTICS MARKET, BY DEPLOYMENT MODE
5.1. Overview
5.2. On Premise
5.3. Cloud
CHAPTER 6: PROCUREMENT ANALYTICS MARKET, BY ENTERPRISE SIZE
6.1. Overview
6.2. Large Enterprises
6.3. SMEs
CHAPTER 7: PROCUREMENT ANALYTICS MARKET, BY APPLICATION
7.1. Overview
7.2. Strategic Sourcing
7.3. Spend Management
7.4. Process Management
7.5. Category Management
7.6. Contract Management
7.7. Transaction Management
CHAPTER 8: PROCUREMENT ANALYTICS MARKET, BY INDUSTRY VERTICAL
8.1. Overview
8.2. BFSI
8.3. Manufacturing
8.4. Retail
8.5. IT and Telecom
8.6. Healthcare
8.7. Others
CHAPTER 9: PROCUREMENT ANALYTICS MARKET, BY REGION
9.1. Overview
9.2. North America
9.3. Europe
9.4. Asia-Pacific
9.5. LAMEA
CHAPTER 10: COMPETITIVE LANDSCAPE
10.1. Introduction
10.2. Top winning strategies
10.3. Product mapping of top 10 player
10.4. Competitive dashboard
10.5. Competitive heatmap
10.6. Top player positioning, 2021
CHAPTER 11: COMPANY PROFILES
11.1. SAP SE
11.2. Oracle Corporation
11.3. SAS Institute Inc
11.4. Genpact
11.5. Microsoft
11.6. Data Technologies Inc.
11.7. IBM Corporation
11.8. Cisco Systems, Inc.
List of Tables
Table 01. Global Procurement Analytics Market, by Component, 2021-2031 ($ Million)
Table 02. Procurement Analytics Market for Solution, by Region, 2021-2031 ($ Million)
Table 03. Procurement Analytics Market for Services, by Region, 2021-2031 ($ Million)
Table 04. Global Procurement Analytics Market, by Deployment Mode, 2021-2031 ($ Million)
Table 05. Procurement Analytics Market for on Premise, by Region, 2021-2031 ($ Million)
Table 06. Procurement Analytics Market for Cloud, by Region, 2021-2031 ($ Million)
Table 07. Global Procurement Analytics Market, by Enterprise Size, 2021-2031 ($ Million)
Table 08. Procurement Analytics Market for Large Enterprises, by Region, 2021-2031 ($ Million)
Table 09. Procurement Analytics Market for Smes, by Region, 2021-2031 ($ Million)
Table 10. Global Procurement Analytics Market, by Application, 2021-2031 ($ Million)
Table 11. Procurement Analytics Market for Strategic Sourcing, by Region, 2021-2031 ($ Million)
Table 12. Procurement Analytics Market for Spend Management, by Region, 2021-2031 ($ Million)
Table 13. Procurement Analytics Market for Process Management, by Region, 2021-2031 ($ Million)
Table 14. Procurement Analytics Market for Category Management, by Region, 2021-2031 ($ Million)
Table 15. Procurement Analytics Market for Contract Management, by Region, 2021-2031 ($ Million)
Table 16. Procurement Analytics Market for Transaction Management, by Region, 2021-2031 ($ Million)
Table 17. Global Procurement Analytics Market, by Industry Vertical, 2021-2031 ($ Million)
Table 18. Procurement Analytics Market for Bfsi, by Region, 2021-2031 ($ Million)
Table 19. Procurement Analytics Market for Manufacturing, by Region, 2021-2031 ($ Million)
Table 20. Global Manufacturing Procurement Analytics Market, by Type, 2021-2031 ($ Million)
Table 21. Procurement Analytics Market for Food and Beverages, by Region, 2021-2031 ($ Million)
Table 22. Procurement Analytics Market for Industrial Machinery and Heavy Equipment, by Region, 2021-2031 ($ Million)
Table 23. Procurement Analytics Market for High Tech and Consumer Electronics, by Region, 2021-2031 ($ Million)
Table 24. Procurement Analytics Market for Automotive, by Region, 2021-2031 ($ Million)
Table 25. Procurement Analytics Market for Others, by Region, 2021-2031 ($ Million)
Table 26. Procurement Analytics Market for Retail, by Region, 2021-2031 ($ Million)
Table 27. Procurement Analytics Market for It and Telecom, by Region, 2021-2031 ($ Million)
Table 28. Procurement Analytics Market for Healthcare, by Region, 2021-2031 ($ Million)
Table 29. Procurement Analytics Market for Others, by Region, 2021-2031 ($ Million)
Table 30. Procurement Analytics Market, by Region, 2021-2031 ($ Million)
Table 31. North America Procurement Analytics Market, by Component, 2021-2031 ($ Million)
Table 32. North America Procurement Analytics Market, by Deployment Mode, 2021-2031 ($ Million)
Table 33. North America Procurement Analytics Market, by Enterprise Size, 2021-2031 ($ Million)
Table 34. North America Procurement Analytics Market, by Application, 2021-2031 ($ Million)
Table 35. North America Procurement Analytics Market, by Industry Vertical, 2021-2031 ($ Million)
Table 36. North America Manufacturing Procurement Analytics Market, by Type, 2021-2031 ($ Million)
Table 37. North America Procurement Analytics Market, by Country, 2021-2031 ($ Million)
Table 38. U.S. Procurement Analytics Market, by Component, 2021-2031 ($ Million)
Table 39. U.S. Procurement Analytics Market, by Deployment Mode, 2021-2031 ($ Million)
Table 40. U.S. Procurement Analytics Market, by Enterprise Size, 2021-2031 ($ Million)
Table 41. U.S. Procurement Analytics Market, by Application, 2021-2031 ($ Million)
Table 42. U.S. Procurement Analytics Market, by Industry Vertical, 2021-2031 ($ Million)
Table 43. U.S. Manufacturing Procurement Analytics Market, by Type, 2021-2031 ($ Million)
Table 44. Canada Procurement Analytics Market, by Component, 2021-2031 ($ Million)
Table 45. Canada Procurement Analytics Market, by Deployment Mode, 2021-2031 ($ Million)
Table 46. Canada Procurement Analytics Market, by Enterprise Size, 2021-2031 ($ Million)
Table 47. Canada Procurement Analytics Market, by Application, 2021-2031 ($ Million)
Table 48. Canada Procurement Analytics Market, by Industry Vertical, 2021-2031 ($ Million)
Table 49. Canada Manufacturing Procurement Analytics Market, by Type, 2021-2031 ($ Million)
Table 50. Europe Procurement Analytics Market, by Component, 2021-2031 ($ Million)
Table 51. Europe Procurement Analytics Market, by Deployment Mode, 2021-2031 ($ Million)
Table 52. Europe Procurement Analytics Market, by Enterprise Size, 2021-2031 ($ Million)
Table 53. Europe Procurement Analytics Market, by Application, 2021-2031 ($ Million)
Table 54. Europe Procurement Analytics Market, by Industry Vertical, 2021-2031 ($ Million)
Table 55. Europe Manufacturing Procurement Analytics Market, by Type, 2021-2031 ($ Million)
Table 56. Europe Procurement Analytics Market, by Country, 2021-2031 ($ Million)
Table 57. UK Procurement Analytics Market, by Component, 2021-2031 ($ Million)
Table 58. UK Procurement Analytics Market, by Deployment Mode, 2021-2031 ($ Million)
Table 59. UK Procurement Analytics Market, by Enterprise Size, 2021-2031 ($ Million)
Table 60. UK Procurement Analytics Market, by Application, 2021-2031 ($ Million)
Table 61. UK Procurement Analytics Market, by Industry Vertical, 2021-2031 ($ Million)
Table 62. UK Manufacturing Procurement Analytics Market, by Type, 2021-2031 ($ Million)
Table 63. Germany Procurement Analytics Market, by Component, 2021-2031 ($ Million)
Table 64. Germany Procurement Analytics Market, by Deployment Mode, 2021-2031 ($ Million)
Table 65. Germany Procurement Analytics Market, by Enterprise Size, 2021-2031 ($ Million)
Table 66. Germany Procurement Analytics Market, by Application, 2021-2031 ($ Million)
Table 67. Germany Procurement Analytics Market, by Industry Vertical, 2021-2031 ($ Million)
Table 68. Germany Manufacturing Procurement Analytics Market, by Type, 2021-2031 ($ Million)
Table 69. France Procurement Analytics Market, by Component, 2021-2031 ($ Million)
Table 70. France Procurement Analytics Market, by Deployment Mode, 2021-2031 ($ Million)
Table 71. France Procurement Analytics Market, by Enterprise Size, 2021-2031 ($ Million)
Table 72. France Procurement Analytics Market, by Application, 2021-2031 ($ Million)
Table 73. France Procurement Analytics Market, by Industry Vertical, 2021-2031 ($ Million)
Table 74. France Manufacturing Procurement Analytics Market, by Type, 2021-2031 ($ Million)
Table 75. Spain Procurement Analytics Market, by Component, 2021-2031 ($ Million)
Table 76. Spain Procurement Analytics Market, by Deployment Mode, 2021-2031 ($ Million)
Table 77. Spain Procurement Analytics Market, by Enterprise Size, 2021-2031 ($ Million)
Table 78. Spain Procurement Analytics Market, by Application, 2021-2031 ($ Million)
Table 79. Spain Procurement Analytics Market, by Industry Vertical, 2021-2031 ($ Million)
Table 80. Spain Manufacturing Procurement Analytics Market, by Type, 2021-2031 ($ Million)
Table 81. Italy Procurement Analytics Market, by Component, 2021-2031 ($ Million)
Table 82. Italy Procurement Analytics Market, by Deployment Mode, 2021-2031 ($ Million)
Table 83. Italy Procurement Analytics Market, by Enterprise Size, 2021-2031 ($ Million)
Table 84. Italy Procurement Analytics Market, by Application, 2021-2031 ($ Million)
Table 85. Italy Procurement Analytics Market, by Industry Vertical, 2021-2031 ($ Million)
Table 86. Italy Manufacturing Procurement Analytics Market, by Type, 2021-2031 ($ Million)
Table 87. Rest of Europe Procurement Analytics Market, by Component, 2021-2031 ($ Million)
Table 88. Rest of Europe Procurement Analytics Market, by Deployment Mode, 2021-2031 ($ Million)
Table 89. Rest of Europe Procurement Analytics Market, by Enterprise Size, 2021-2031 ($ Million)
Table 90. Rest of Europe Procurement Analytics Market, by Application, 2021-2031 ($ Million)
Table 91. Rest of Europe Procurement Analytics Market, by Industry Vertical, 2021-2031 ($ Million)
Table 92. Rest of Europe Manufacturing Procurement Analytics Market, by Type, 2021-2031 ($ Million)
Table 93. Asia-Pacific Procurement Analytics Market, by Component, 2021-2031 ($ Million)
Table 94. Asia-Pacific Procurement Analytics Market, by Deployment Mode, 2021-2031 ($ Million)
Table 95. Asia-Pacific Procurement Analytics Market, by Enterprise Size, 2021-2031 ($ Million)
Table 96. Asia-Pacific Procurement Analytics Market, by Application, 2021-2031 ($ Million)
Table 97. Asia-Pacific Procurement Analytics Market, by Industry Vertical, 2021-2031 ($ Million)
Table 98. Asia-Pacific Manufacturing Procurement Analytics Market, by Type, 2021-2031 ($ Million)
Table 99. Asia-Pacific Procurement Analytics Market, by Country, 2021-2031 ($ Million)
Table 100. China Procurement Analytics Market, by Component, 2021-2031 ($ Million)
Table 101. China Procurement Analytics Market, by Deployment Mode, 2021-2031 ($ Million)
Table 102. China Procurement Analytics Market, by Enterprise Size, 2021-2031 ($ Million)
Table 103. China Procurement Analytics Market, by Application, 2021-2031 ($ Million)
Table 104. China Procurement Analytics Market, by Industry Vertical, 2021-2031 ($ Million)
Table 105. China Manufacturing Procurement Analytics Market, by Type, 2021-2031 ($ Million)
Table 106. India Procurement Analytics Market, by Component, 2021-2031 ($ Million)
Table 107. India Procurement Analytics Market, by Deployment Mode, 2021-2031 ($ Million)
Table 108. India Procurement Analytics Market, by Enterprise Size, 2021-2031 ($ Million)
Table 109. India Procurement Analytics Market, by Application, 2021-2031 ($ Million)
Table 110. India Procurement Analytics Market, by Industry Vertical, 2021-2031 ($ Million)
Table 111. India Manufacturing Procurement Analytics Market, by Type, 2021-2031 ($ Million)
Table 112. Japan Procurement Analytics Market, by Component, 2021-2031 ($ Million)
Table 113. Japan Procurement Analytics Market, by Deployment Mode, 2021-2031 ($ Million)
Table 114. Japan Procurement Analytics Market, by Enterprise Size, 2021-2031 ($ Million)
Table 115. Japan Procurement Analytics Market, by Application, 2021-2031 ($ Million)
Table 116. Japan Procurement Analytics Market, by Industry Vertical, 2021-2031 ($ Million)
Table 117. Japan Manufacturing Procurement Analytics Market, by Type, 2021-2031 ($ Million)
Table 118. South Korea Procurement Analytics Market, by Component, 2021-2031 ($ Million)
Table 119. South Korea Procurement Analytics Market, by Deployment Mode, 2021-2031 ($ Million)
Table 120. South Korea Procurement Analytics Market, by Enterprise Size, 2021-2031 ($ Million)
Table 121. South Korea Procurement Analytics Market, by Application, 2021-2031 ($ Million)
Table 122. South Korea Procurement Analytics Market, by Industry Vertical, 2021-2031 ($ Million)
Table 123. South Korea Manufacturing Procurement Analytics Market, by Type, 2021-2031 ($ Million)
Table 124. Australia Procurement Analytics Market, by Component, 2021-2031 ($ Million)
Table 125. Australia Procurement Analytics Market, by Deployment Mode, 2021-2031 ($ Million)
Table 126. Australia Procurement Analytics Market, by Enterprise Size, 2021-2031 ($ Million)
Table 127. Australia Procurement Analytics Market, by Application, 2021-2031 ($ Million)
Table 128. Australia Procurement Analytics Market, by Industry Vertical, 2021-2031 ($ Million)
Table 129. Australia Manufacturing Procurement Analytics Market, by Type, 2021-2031 ($ Million)
Table 130. Rest of Asia-Pacific Procurement Analytics Market, by Component, 2021-2031 ($ Million)
Table 131. Rest of Asia-Pacific Procurement Analytics Market, by Deployment Mode, 2021-2031 ($ Million)
Table 132. Rest of Asia-Pacific Procurement Analytics Market, by Enterprise Size, 2021-2031 ($ Million)
Table 133. Rest of Asia-Pacific Procurement Analytics Market, by Application, 2021-2031 ($ Million)
Table 134. Rest of Asia-Pacific Procurement Analytics Market, by Industry Vertical, 2021-2031 ($ Million)
Table 135. Rest of Asia-Pacific Manufacturing Procurement Analytics Market, by Type, 2021-2031 ($ Million)
Table 136. LAMEA Procurement Analytics Market, by Component, 2021-2031 ($ Million)
Table 137. LAMEA Procurement Analytics Market, by Deployment Mode, 2021-2031 ($ Million)
Table 138. LAMEA Procurement Analytics Market, by Enterprise Size, 2021-2031 ($ Million)
Table 139. LAMEA Procurement Analytics Market, by Application, 2021-2031 ($ Million)
Table 140. LAMEA Procurement Analytics Market, by Industry Vertical, 2021-2031 ($ Million)
Table 141. LAMEA Manufacturing Procurement Analytics Market, by Type, 2021-2031 ($ Million)
Table 142. LAMEA Procurement Analytics Market, by Country, 2021-2031 ($ Million)
Table 143. Brazil Procurement Analytics Market, by Component, 2021-2031 ($ Million)
Table 144. Brazil Procurement Analytics Market, by Deployment Mode, 2021-2031 ($ Million)
Table 145. Brazil Procurement Analytics Market, by Enterprise Size, 2021-2031 ($ Million)
Table 146. Brazil Procurement Analytics Market, by Application, 2021-2031 ($ Million)
Table 147. Brazil Procurement Analytics Market, by Industry Vertical, 2021-2031 ($ Million)
Table 148. Brazil Manufacturing Procurement Analytics Market, by Type, 2021-2031 ($ Million)
Table 149. Mexico Procurement Analytics Market, by Component, 2021-2031 ($ Million)
Table 150. Mexico Procurement Analytics Market, by Deployment Mode, 2021-2031 ($ Million)
Table 151. Mexico Procurement Analytics Market, by Enterprise Size, 2021-2031 ($ Million)
Table 152. Mexico Procurement Analytics Market, by Application, 2021-2031 ($ Million)
Table 153. Mexico Procurement Analytics Market, by Industry Vertical, 2021-2031 ($ Million)
Table 154. Mexico Manufacturing Procurement Analytics Market, by Type, 2021-2031 ($ Million)
Table 155. Uae Procurement Analytics Market, by Component, 2021-2031 ($ Million)
Table 156. Uae Procurement Analytics Market, by Deployment Mode, 2021-2031 ($ Million)
Table 157. Uae Procurement Analytics Market, by Enterprise Size, 2021-2031 ($ Million)
Table 158. Uae Procurement Analytics Market, by Application, 2021-2031 ($ Million)
Table 159. Uae Procurement Analytics Market, by Industry Vertical, 2021-2031 ($ Million)
Table 160. Uae Manufacturing Procurement Analytics Market, by Type, 2021-2031 ($ Million)
Table 161. Saudi Arabia Procurement Analytics Market, by Component, 2021-2031 ($ Million)
Table 162. Saudi Arabia Procurement Analytics Market, by Deployment Mode, 2021-2031 ($ Million)
Table 163. Saudi Arabia Procurement Analytics Market, by Enterprise Size, 2021-2031 ($ Million)
Table 164. Saudi Arabia Procurement Analytics Market, by Application, 2021-2031 ($ Million)
Table 165. Saudi Arabia Procurement Analytics Market, by Industry Vertical, 2021-2031 ($ Million)
Table 166. Saudi Arabia Manufacturing Procurement Analytics Market, by Type, 2021-2031 ($ Million)
Table 167. South Africa Procurement Analytics Market, by Component, 2021-2031 ($ Million)
Table 168. South Africa Procurement Analytics Market, by Deployment Mode, 2021-2031 ($ Million)
Table 169. South Africa Procurement Analytics Market, by Enterprise Size, 2021-2031 ($ Million)
Table 170. South Africa Procurement Analytics Market, by Application, 2021-2031 ($ Million)
Table 171. South Africa Procurement Analytics Market, by Industry Vertical, 2021-2031 ($ Million)
Table 172. South Africa Manufacturing Procurement Analytics Market, by Type, 2021-2031 ($ Million)
Table 173. Rest of LAMEA Procurement Analytics Market, by Component, 2021-2031 ($ Million)
Table 174. Rest of LAMEA Procurement Analytics Market, by Deployment Mode, 2021-2031 ($ Million)
Table 175. Rest of LAMEA Procurement Analytics Market, by Enterprise Size, 2021-2031 ($ Million)
Table 176. Rest of LAMEA Procurement Analytics Market, by Application, 2021-2031 ($ Million)
Table 177. Rest of LAMEA Procurement Analytics Market, by Industry Vertical, 2021-2031 ($ Million)
Table 178. Rest of LAMEA Manufacturing Procurement Analytics Market, by Type, 2021-2031 ($ Million)
Table 179. Sap Se: Key Executives
Table 180. Sap Se: Company Snapshot
Table 181. Sap Se: Service Segments
Table 182. Sap Se: Product Portfolio
Table 183. Sap Se: Key Stratergies
Table 184. Oracle Corporation: Key Executives
Table 185. Oracle Corporation: Company Snapshot
Table 186. Oracle Corporation: Service Segments
Table 187. Oracle Corporation: Product Portfolio
Table 188. Oracle Corporation: Key Stratergies
Table 189. Sas Institute Inc: Key Executives
Table 190. Sas Institute Inc: Company Snapshot
Table 191. Sas Institute Inc: Service Segments
Table 192. Sas Institute Inc: Product Portfolio
Table 193. Sas Institute Inc: Key Stratergies
Table 194. Genpact: Key Executives
Table 195. Genpact: Company Snapshot
Table 196. Genpact: Service Segments
Table 197. Genpact: Product Portfolio
Table 198. Genpact: Key Stratergies
Table 199. Microsoft: Key Executives
Table 200. Microsoft: Company Snapshot
Table 201. Microsoft: Service Segments
Table 202. Microsoft: Product Portfolio
Table 203. Microsoft: Key Stratergies
Table 204. Data Technologies Inc.: Key Executives
Table 205. Data Technologies Inc.: Company Snapshot
Table 206. Data Technologies Inc.: Service Segments
Table 207. Data Technologies Inc.: Product Portfolio
Table 208. IBM Corporation: Key Executives
Table 209. IBM Corporation: Company Snapshot
Table 210. IBM Corporation: Service Segments
Table 211. IBM Corporation: Product Portfolio
Table 212. IBM Corporation: Key Stratergies
Table 213. Cisco Systems, Inc.: Key Executives
Table 214. Cisco Systems, Inc.: Company Snapshot
Table 215. Cisco Systems, Inc.: Service Segments
Table 216. Cisco Systems, Inc.: Product Portfolio
List of Figures
Figure 01. Procurement Analytics Market, 2021-2031
Figure 02. Segmentation of Procurement Analytics Market, 2021-2031
Figure 03. Top Impacting Factors in Procurement Analytics Market (2022 to 2031)
Figure 04. Top Investment Pockets in Procurement Analytics Market (2021-2031)
Figure 05. Moderate-To-High Bargaining Power of Suppliers
Figure 06. High Bargaining Power of Buyers
Figure 07. Moderate-To-High Threat of Substitutes
Figure 08. Moderate-To-High Threat of New Entrants
Figure 09. High Competitive Rivalry
Figure 10. Global Procurement Analytics Market: Drivers, Restraints and Opportunities
Figure 11. Procurement Analytics Market, by Component, 2021 and 2031 (%)
Figure 12. Comparative Share Analysis of Procurement Analytics Market for Solution, by Country 2021 and 2031 (%)
Figure 13. Comparative Share Analysis of Procurement Analytics Market for Services, by Country 2021 and 2031 (%)
Figure 14. Procurement Analytics Market, by Deployment Mode, 2021 and 2031 (%)
Figure 15. Comparative Share Analysis of Procurement Analytics Market for on Premise, by Country 2021 and 2031 (%)
Figure 16. Comparative Share Analysis of Procurement Analytics Market for Cloud, by Country 2021 and 2031 (%)
Figure 17. Procurement Analytics Market, by Enterprise Size, 2021 and 2031 (%)
Figure 18. Comparative Share Analysis of Procurement Analytics Market for Large Enterprises, by Country 2021 and 2031 (%)
Figure 19. Comparative Share Analysis of Procurement Analytics Market for Smes, by Country 2021 and 2031 (%)
Figure 20. Procurement Analytics Market, by Application, 2021 and 2031 (%)
Figure 21. Comparative Share Analysis of Procurement Analytics Market for Strategic Sourcing, by Country 2021 and 2031 (%)
Figure 22. Comparative Share Analysis of Procurement Analytics Market for Spend Management, by Country 2021 and 2031 (%)
Figure 23. Comparative Share Analysis of Procurement Analytics Market for Process Management, by Country 2021 and 2031 (%)
Figure 24. Comparative Share Analysis of Procurement Analytics Market for Category Management, by Country 2021 and 2031 (%)
Figure 25. Comparative Share Analysis of Procurement Analytics Market for Contract Management, by Country 2021 and 2031 (%)
Figure 26. Comparative Share Analysis of Procurement Analytics Market for Transaction Management, by Country 2021 and 2031 (%)
Figure 27. Procurement Analytics Market, by Industry Vertical, 2021 and 2031 (%)
Figure 28. Comparative Share Analysis of Procurement Analytics Market for Bfsi, by Country 2021 and 2031 (%)
Figure 29. Comparative Share Analysis of Procurement Analytics Market for Manufacturing, by Country 2021 and 2031 (%)
Figure 30. Comparative Share Analysis of Procurement Analytics Market for Retail, by Country 2021 and 2031 (%)
Figure 31. Comparative Share Analysis of Procurement Analytics Market for It and Telecom, by Country 2021 and 2031 (%)
Figure 32. Comparative Share Analysis of Procurement Analytics Market for Healthcare, by Country 2021 and 2031 (%)
Figure 33. Comparative Share Analysis of Procurement Analytics Market for Others, by Country 2021 and 2031 (%)
Figure 34. Procurement Analytics Market by Region, 2021 and 2031 (%)
Figure 35. U.S. Procurement Analytics Market, 2021-2031 ($ Million)
Figure 36. Canada Procurement Analytics Market, 2021-2031 ($ Million)
Figure 37. UK Procurement Analytics Market, 2021-2031 ($ Million)
Figure 38. Germany Procurement Analytics Market, 2021-2031 ($ Million)
Figure 39. France Procurement Analytics Market, 2021-2031 ($ Million)
Figure 40. Spain Procurement Analytics Market, 2021-2031 ($ Million)
Figure 41. Italy Procurement Analytics Market, 2021-2031 ($ Million)
Figure 42. Rest of Europe Procurement Analytics Market, 2021-2031 ($ Million)
Figure 43. China Procurement Analytics Market, 2021-2031 ($ Million)
Figure 44. India Procurement Analytics Market, 2021-2031 ($ Million)
Figure 45. Japan Procurement Analytics Market, 2021-2031 ($ Million)
Figure 46. South Korea Procurement Analytics Market, 2021-2031 ($ Million)
Figure 47. Australia Procurement Analytics Market, 2021-2031 ($ Million)
Figure 48. Rest of Asia-Pacific Procurement Analytics Market, 2021-2031 ($ Million)
Figure 49. Brazil Procurement Analytics Market, 2021-2031 ($ Million)
Figure 50. Mexico Procurement Analytics Market, 2021-2031 ($ Million)
Figure 51. Uae Procurement Analytics Market, 2021-2031 ($ Million)
Figure 52. Saudi Arabia Procurement Analytics Market, 2021-2031 ($ Million)
Figure 53. South Africa Procurement Analytics Market, 2021-2031 ($ Million)
Figure 54. Rest of LAMEA Procurement Analytics Market, 2021-2031 ($ Million)
Figure 55. Top Winning Strategies, by Year (2019-2022)
Figure 56. Top Winning Strategies, by Development (2019-2022)
Figure 57. Top Winning Strategies, by Company (2019-2022)
Figure 58. Product Mapping of Top 10 Players
Figure 59. Competitive Dashboard
Figure 60. Competitive Heatmap: Procurement Analytics Market
Figure 61. Top Player Positioning, 2021
Figure 62. Sap Se: Net Revenue, 2020-2022 ($ Million)
Figure 63. Sap Se: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 64. Sap Se: Revenue Share by Segment, 2022 (%)
Figure 65. Sap Se: Revenue Share by Region, 2022 (%)
Figure 66. Oracle Corporation: Net Revenue, 2020-2022 ($ Million)
Figure 67. Oracle Corporation: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 68. Oracle Corporation: Revenue Share by Segment, 2022 (%)
Figure 69. Oracle Corporation: Revenue Share by Region, 2022 (%)
Figure 70. Genpact: Net Revenue, 2018-2020 ($ Million)
Figure 71. Genpact: Revenue Share by Segment, 2020 (%)
Figure 72. Microsoft: Net Revenue, 2020-2022 ($ Million)
Figure 73. Microsoft: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 74. Microsoft: Revenue Share by Segment, 2022 (%)
Figure 75. Microsoft: Revenue Share by Region, 2022 (%)
Figure 76. IBM Corporation: Net Revenue, 2020-2022 ($ Million)
Figure 77. IBM Corporation: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 78. IBM Corporation: Revenue Share by Segment, 2022 (%)
Figure 79. IBM Corporation: Revenue Share by Region, 2021 (%)
Figure 80. Cisco Systems, Inc.: Net Revenue, 2020-2022 ($ Million)
Figure 81. Cisco Systems, Inc.: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 82. Cisco Systems, Inc.: Revenue Share by Segment, 2022 (%)
Figure 83. Cisco Systems, Inc.: Revenue Share by Region, 2022 (%)

Executive Summary

According to the report, the procurement analytics market size was valued at $3.3 billion in 2021, and is estimated to reach $32.3 billion by 2031, growing at a CAGR of 25.8% from 2021 to 2031.

Procurement analytics is a method to retrieve useful information to make effective decisions in the organization. It provides insight for a company to come to the right conclusion. Developing the business is possible through this technique. Mostly historic data is used to know about the future trend of the market. Increasing operational costs, improving decision making and efficiency are benefits of this analytics market.

Furthermore, growing demand for procurement and demand management solutions and newer applications for procurement solutions in the healthcare sector is boosting the growth of the global procurement analytics market. In addition, need to optimize global supply chain impacts growth of the procurement analytics market. However, high cost associated with the implementation and maintenance of procurement solutions is hampering the procurement analytics market growth. On the contrary, growing integration of advanced technologies such as blockchain and cloud technology is expected to offer remunerative opportunities for expansion during the procurement analytics market forecast.

On the basis of component, the solution segment exhibited the highest growth in the procurement analytics market share in 2021, and is expected to maintain its dominance in the upcoming years, owing to several advantages offered by procurement analytics such as complete transparency offered. As it increased efficiency and improved data quality further propels the growth of this segment. However, service is expected to witness significant growth during forecasting period, owing to adoption of deployment and integration services among end users, as it ensures effective functioning of procurement analytics solution throughout the process, in addition, the market players are actively introducing integrated procurement analytics solutions with enhanced deployment, integration, support and maintenance capabilities, further fueling the market growth.

On the basis of industry vertical, the BFSI segment dominated the procurement analytics market in 2021, and is expected to maintain its dominance in the upcoming years. With the use of contemporary technology and digital advancements, the majority of modern banks have already started their full digital transformation. In addition, due to shifting regulatory landscapes and rising consumer expectations, procurement analytics tools are essential for businesses in the banking and financial sector to effectively manage their primary expenditure categories and better control supplier risks, which will help them save money and operate more innovatively, agilely, and flexible. Such uses of procurement management solutions are promoting the expansion of the BFSI industrial market.

The current estimation of 2031 is projected to be higher than pre-COVID-19 estimates. The COVID-19 outbreak has high impact on the growth of procurement analytics market, as increasing number of smartphone users, growing adoption of connected devices, and surging e-commerce sector provide lucrative opportunities for the growth of the procurement analytics market. COVID has caused crises in social, economic, and energy areas and medical life worldwide throughout 2020. This crisis had many direct and indirect effects on all areas of society. In the meantime, the digital and artificial intelligence industry can be used as a professional assistant to manage and control the outbreak of the virus. In post-pandemic circumstances, enterprises strived to minimize operational and running costs around all the business functions to recover the losses incurred in COVID times. Moreover, this the rising demands of online facilities across different industries for instance, retail and marketing, manufacturing, energy and utilities drove the growth in demand of procurement analytics solutions. In addition, the disruptions in the supply chain also triggered the demand of procurement analytics services across the globe. Furthermore, many enterprises are investing highly in this market to thrive the changes in working environment and increased complexity of supply chain. These factors are anticipated to drive the procurement analytics market growth.

KEY FINDINGS OF THE STUDY

By component, the solution segment dominated the procurement analytics industry in 2021. However, the service segment is expected to exhibit significant growth during the forecast period.

On the basis of deployment, the on-premise segment dominated the pprocurement analytics industry in 2021. However, the cloud segment is expected to witness the highest growth rate during the forecast period.

By enterprise size, the large enterprise dominated the procurement analytics market in 2021. However, the SME’s segment is expected to exhibit significant growth during the forecast period.

On the basis of application, the strategic sourcing segment dominated the procurement analytics market analysis in 2021. However, the transaction management segment is expected to witness the highest growth rate during the forecast period.

Region-wise, the procurement analytics market was dominated by North America in 2021. However, Asia-Pacific is expected to witness significant growth in the coming years.

The key players operating in the market include Amazon Web Services (AWS), BirchStreet Systems, Cisco System, Inc., Coupa Software Inc., Genpact, International Business Machine (IBM), Jaggaer, Microsoft Corporation, Oracle Corporation, Proactis, Rosslyn Data Technologies, SAP SE, SAS Institute, Sievo, Simfoni, Workday, Inc., and Zycus Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which propel the growth of the procurement analytics market globally.

Companies Mentioned

  • IBM Corporation
  • Data Technologies Inc.
  • Genpact
  • SAP SE
  • Oracle Corporation
  • Microsoft
  • Cisco Systems, Inc.
  • SAS Institute Inc

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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