Procurement Analytics Market Size, Share, Growth, Opportunities and Global Forecast to 2028

The new Procurement Analytics Market report offers a comprehensive study of the current scenario of the market including major market dynamics. Also, it highlights the in-depth marketing research with the newest trends, drivers, and segments with reference to regional and country. Further, this report profiles top key players and analyze their market share, strategic development, and other development across the world.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the procurement analytics market include SAP(Germany), Oracle(US), SAS Institute (US), Coupa Software (US), Genpact (US), Rosslyn Data Technologies (UK), Microsoft(US), IBM(US), Cisco (US), GEP (US), Corcentric (US), and Zycus (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Market Dynamics

The use of procurement analytics technology and services is anticipated to be influenced by several factors, including a surge in data analytics techniques, rising enterprise marketing and advertising expenditures, evolving customer intelligence trends, and the proliferation of customer channels. Enterprises & numerous organizations are adopting procurement analytics solutions to deal with privacy and security issues. Hence, increasing concerns regarding data security are also augmenting the growth of the procurement analytics market. Machine Learning and Artificial Intelligence in procurement analytics to monitor, analyze and collect appropriate quality data is further fostering the market growth of procurement analytics.

The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of procurement analytics. The growth and trends of procurement analytics industry provide a holistic approach to this study.

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Market Segmentation

This section of the procurement analytics market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Component

  • Solutions
  • Services

By Application

  • Supply Chain Analytics
  • Risk Analytics
  • Spend Analytics
  • Demand Forecasting
  • Contract Management
  • Vendor Management
  • Category Management

By Deployment Mode

  • Cloud
  • On-Premises

By Organization Size

  • Large Enterprises
  • Small And Medium-Sized Enterprises (SMEs)

By Vertical

  • BFSI
  • Retail And Ecommerce
  • Telecom And IT
  • Manufacturing
  • Healthcare And Life Sciences
  • Energy And Utilities
  • Government And Defense

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Procurement Analytics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

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