Procurement Analytics Market Size, Share, Growth Report 2030
Procurement Analytics Market By Component (Solutions and Services), By Application Area (Risk Analytics, Supply Chain Analytics, Demand Forecasting, Spend Analytics, Vendor Management, and Contract Management), By Deployment Type (On-Premises and Cloud), By Organization Size (Large Enterprises and SMEs), and By Vertical (Manufacturing, Retail, Healthcare, Government, Energy and Utilities, BFSI, Telecom and IT, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025
Global procurement analytics market expected to reach approximately USD 5.6 billion by 2025, at a CAGR of slightly above 20.9% between 2019 and 2025. Rapid growth in technology and automation across numerous industry verticals is driving the global procurement analytics market.
The report covers a forecast and an analysis of the procurement analytics market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints of the procurement analytics market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the procurement analytics market on a global level.
This report includes a detailed competitive scenario and component portfolio of the key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces Model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The global procurement analytics market is categorized based on component, application area, deployment type, organization size, vertical, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Some key participants operating in the global procurement analytics market are Oracle, SAP, IBM, Coupa Software, SAS, BRIDGEi2i Analytics, Zycus, Rosslyn Data Technologies, JAGGAER, and Genpact.
The report segments the global procurement analytics market into:
Global Procurement Analytics Market: Component Analysis
- Solutions
- Services
- Professional Services
- Training and Education
- Consulting
- Support and Maintenance
- Integration and Deployment
- Managed Services
Global Procurement Analytics Market: Application Area Analysis
- Risk Analytics
- Supply Chain Analytics
- Demand Forecasting
- Spend Analytics
- Vendor Management
- Contract Management
Global Procurement Analytics Market: Deployment Type Analysis
- On-Premises
- Cloud
Global Procurement Analytics Market: Organization Size Analysis
- Large Enterprises
- SMEs
Global Procurement Analytics Market: Vertical Analysis
- Manufacturing
- Retail
- Healthcare
- Government
- Energy and Utilities
- BFSI
- Telecom and IT
- Others
Global Procurement Analytics Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East and Africa
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