Global spend analytics market was USD 1.5 billion in 2018 and is expected to reach USD 4.6 billion by 2025, at a CAGR of 17.3% between 2019 and 2025. Spend analytics analyze purchase orders, contracts, discounts, rebates, price variances for similar items from the same or different vendors over a specific timeframe.
Spend Analytics Market
The report analyzes and forecasts the spend analytics market on a global and regional level. The study offers past data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The assessment of spend analytics market dynamics gives a brief insight into the drivers and restraints for the spend analytics market along with their market impact over the years to come. Additionally, the report also includes the study of opportunities available in the spend analytics market on a global level.
The report gives a transparent view of the spend analytics market. We have included a detailed competitive scenario and portfolio of the leading vendors operating in the spend analytics market. To understand the competitive landscape of the spend analytics market, an analysis of Porter’s Five Forces model for the spend analytics 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 study provides a crucial view of the spend analytics by segmenting it based on deployment, component, analytics, end-use industry, and region. All the market segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segmentation comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe with further classification into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina.
Some major players operating in the global spend analytics market include SAS Institute, IBM Corporation, Zycus, Coupa Software, Proactis Holdings, JAGGAER, Empronc Solutions, Rosslyn Data Technologies, Oracle Corporation, and SAP SE.
This report segments the global spend analytics market into:
Global Spend Analytics Market: Deployment Analysis
Global Spend Analytics Market: Component Analysis
Global Spend Analytics Market: Analytics Analysis
Global Spend Analytics Market: End-Use Industry Analysis
Global Spend Analytics Market: Regional Analysis