Procurement Analytics Market

Global Procurement Analytics Market Size, Trends & Analysis - Forecasts to 2029 By Application (Spend Analytics, Risk Analytics, Supply Chain Management, Vendor Analytics, Contract Management, and Others), By Vertical (BFSI, Retail and E-commerce, Telecom and IT, Manufacturing, Healthcare and Life Sciences, Energy and Utilities, Government and Defense, and Others), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

Category Electronics, Semiconductors and Information & Communication Technology
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This report was recently updated on May 18 2024 with the latest and most recent market numbers

Global Procurement Analytics Market Size

The global procurement analytics market is projected to grow at a CAGR of 23.5% from 2024 to 2029.

The growing use of digital technologies has flooded sectors with massive data. This abundance provides firms with tremendous opportunities to use purchase data effectively. Companies that analyze this data can make informed judgments about supplier selection, cost optimization, and risk management, improving their procurement processes and obtaining a competitive advantage.

Businesses are pressured to reduce expenses and improve operational efficiency to compete. Procurement analytics is critical for understanding spending trends, analyzing supplier efficacy, and improving contract management. These insights enable businesses to identify cost-cutting opportunities and negotiate better terms with suppliers. This not only improves financial health but also increases market agility and competitiveness, positioning firms for long-term growth and success in ever-changing business landscapes.

Strategic sourcing is a disciplined approach to supplier relationships focused on achieving corporate objectives. Procurement analytics tools improve the process by assessing supplier performance, managing risks, and identifying new sourcing opportunities. Organizations can make better supplier selection and engagement decisions by leveraging this information. This strategic alignment not only ensures the procurement of high-quality goods and services but it also develops long-term collaborations with suppliers, resulting in increased operational efficiency and business value.

Big data technologies and analytics breakthroughs have transformed data processing, allowing firms to gain valuable insights from large and complex datasets. Procurement analytics leverages these skills by analyzing real-time procurement data to reveal trends, patterns, and correlations. These insights enable educated decision-making processes, allowing for proactive tactics and rapid responses to market dynamics. Organizations can achieve a competitive advantage in the fast-paced business world by embracing procurement analytics.

The popularity of cloud-based procurement analytics systems is growing due to their cost-effectiveness, flexibility, and scalability. These solutions offer easy access to analytics capabilities, allowing firms to study procurement data from any location and device. This adaptability improves communication and decision-making processes, allowing for faster responses to market developments. Furthermore, the scalability of cloud solutions means that firms may tailor their analytics capabilities to changing business needs, enabling agility and resilience in procurement operations.

With a growing emphasis on data privacy requirements and cybersecurity concerns, businesses must secure their procurement data's confidentiality, integrity, and availability. Concerns about data breaches and regulatory compliance may limit the use of cloud-based procurement analytics systems.

global procurement analytics market

Global Procurement Analytics Market: By Application  

The supply chain management segment is expected to hold the largest share of the market. The growth is due to supply chain management’s importance in optimizing supply chain operations. Procurement analytics helps firms improve supply chain visibility, efficiency, and responsiveness by examining supplier performance, inventory levels, demand projections, and logistical data. This allows for better inventory management, demand forecasting, and risk avoidance, resulting in considerable value and cost savings for enterprises.

The risk analytics segment is expected to be the fastest-growing segment in the market from 2024 to 2029. Procurement analytics enables firms to discover, assess, and reduce numerous risks associated with procurement processes, including supplier reliability, geopolitical instability, and regulatory compliance. As globalization and supply chain complexities increase, demand for advanced risk analytics solutions is likely to rise, contributing to the segment growth.

Global Procurement Analytics Market: By Vertical

The retail and e-commerce segment is anticipated to be the fastest-growing segment in the market from 2024 to 2029, owing to the sector's increasing adoption of procurement analytics to improve supply chain efficiency, optimize inventory management, and satisfy changing consumer needs. With the growth of online shopping and omnichannel commerce, retailers use analytics to obtain insights into customer behavior, strengthen supplier relationships, and gain a competitive advantage.

The telecom and IT segment is expected to hold the largest share of the market. The growth is due to its heavy reliance on technology, complicated supply chains, and high procurement volumes. Procurement analytics tools assist telecom and IT organizations in optimizing sourcing strategies, managing vendor relationships, and mitigating risks throughout their global operations.

asia pacific procurement analytics market

Global Procurement Analytics Market: By Region

North America is expected to be the largest region in the global market. The primary reasons boosting the market growth in this region include the early adoption of analytics solutions and advanced technological infrastructure. The region's emphasis on improving operational efficiency, compliance, and cost optimization across industries adds to the demand for procurement analytics. Furthermore, supporting legislative frameworks and an established corporate ecosystem contribute to North America's market dominance.

Asia Pacific is predicted to witness rapid growth during the forecast period. The regional market growth is attributed to its expanding industrial landscape, digital transformation initiatives, and increased usage of analytics solutions. Rising investments in infrastructure, industrial, and e-commerce sectors fuel demand for procurement analytics to optimize supply chain operations, improve competitiveness, and satisfy changing consumer preferences, contributing to the APAC market growth.

Global Procurement Analytics Market Share and Competitor Analysis

SAP, Oracle, SAS Institute, Coupa Software, Genpact, Rosslyn Data Technologies, Microsoft, IBM, Cisco, and GEP., among others, are some of the key players operating in the global procurement analytics market.

Please note: This is not an exhaustive list of companies profiled in the report.

Global Procurement Analytics Market: Recent Developments

In February 2024, SAS, a leader in data and AI solutions, announced a strategic partnership with Carahsoft Technology Corp. aimed at providing analytics, AI, and data management solutions to US government agencies. This partnership will enable government organizations to make more effective data-driven decisions.

In March 2024, Coupa Software announced the launch of new AI-driven innovations aimed at helping businesses drive efficiencies across their operations. These innovations focus on improving the buying experience and enhancing collaboration within the supply chain.

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

3          GLOBAL MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2        Adjacent Market Opportunities

3.1.3        Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1        Market Drivers: Impact Analysis

3.2.2        Market Restraints: Impact Analysis

3.2.3        Market Opportunities: Impact Analysis

3.2.4        Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1        Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2        SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL PROCUREMENT ANALYTICS MARKET, BY VERTICAL

4.1   Introduction

4.2   Procurement Analytics Market: Vertical Scope Key Takeaways

4.3   Revenue Growth Analysis, 2023 & 2029

4.4   BFSI

4.4.1        BFSI Market Estimates and Forecast, 2021-2029 (USD Million)

4.5   Retail and E-commerce

4.5.1        Retail and E-commerce Market Estimates and Forecast, 2021-2029 (USD Million)

4.6   Telecom and IT

4.6.1        Telecom and IT Market Estimates and Forecast, 2021-2029 (USD Million)

4.7   Manufacturing

4.7.1        Manufacturing Market Estimates and Forecast, 2021-2029 (USD Million)

4.8   Healthcare and Life Sciences

4.8.1        Healthcare and Life Sciences Market Estimates and Forecast, 2021-2029 (USD Million)

4.9   Energy and Utilities

4.9.1        Energy and Utilities Market Estimates and Forecast, 2021-2029 (USD Million)

4.10 Government and Defense

4.10.1      Government and Defense Market Estimates and Forecast, 2021-2029 (USD Million)

4.11 Others

4.11.1      Others Market Estimates and Forecast, 2021-2029 (USD Million)

5          GLOBAL PROCUREMENT ANALYTICS MARKET, BY APPLICATION

5.1   Introduction

5.2   Procurement Analytics Market: Application Scope Key Takeaways

5.3   Revenue Growth Analysis, 2023 & 2029

5.4   Spend Analytics

5.4.1        Spend Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

5.5   Risk Analytics

5.5.1        Risk Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

5.6   Supply Chain Management

5.6.1        Supply Chain Management Market Estimates and Forecast, 2021-2029 (USD Million)

5.7   Vendor Analytics

5.7.1        Vendor Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

5.8   Contract Management

5.8.1        Contract Management Market Estimates and Forecast, 2021-2029 (USD Million)

5.9   Others

5.9.1        Others Market Estimates and Forecast, 2021-2029 (USD Million)

6          GLOBAL PROCUREMENT ANALYTICS MARKET, BY REGION

6.1   Introduction

6.2   North America Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.1        By Vertical

6.2.2        By Application

6.2.3        By Country

6.2.3.1     U.S. Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.1.1        By Vertical

6.2.3.1.2        By Application

6.2.3.2     Canada Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.2.1        By Vertical

6.2.3.2.2        By Application

6.2.3.3     Mexico Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.3.1        By Vertical

6.2.3.3.2        By Application

6.3   Europe Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.1        By Vertical

6.3.2        By Application

6.3.3        By Country

6.3.3.1     Germany Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.1.1        By Vertical

6.3.3.1.2        By Application

6.3.3.2     U.K. Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.2.1        By Vertical

6.3.3.2.2        By Application

6.3.3.3     France Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.3.1        By Vertical

6.3.3.3.2        By Application

6.3.3.4     Italy Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.4.1        By Vertical

6.3.3.4.2        By Application

6.3.3.5     Spain Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.5.1        By Vertical

6.3.3.5.2        By Application

6.3.3.6     Netherlands Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.6.1        By Vertical

6.3.3.6.2        By Application

6.3.3.7     Rest of Europe Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.6.1        By Vertical

6.3.3.6.2        By Application

6.4   Asia Pacific Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.1        By Vertical

6.4.2        By Application

6.4.3        By Country

6.4.3.1     China Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.1.1        By Vertical

6.4.3.1.2        By Application

6.4.3.2     Japan Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.2.1        By Vertical

6.4.3.2.2        By Application

6.4.3.3     India Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.3.1        By Vertical

6.4.3.3.2        By Application

6.4.3.4     South Korea Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.4.1        By Vertical

6.4.3.4.2        By Application

6.4.3.5     Singapore Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.5.1        By Vertical

6.4.3.5.2        By Application

6.4.3.6     Malaysia Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.6.1        By Vertical

6.4.3.6.2        By Application

6.4.3.7     Thailand Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.6.1        By Vertical

6.4.3.6.2        By Application

6.4.3.8     Indonesia Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.7.1        By Vertical

6.4.3.7.2        By Application

6.4.3.9     Vietnam Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.8.1        By Vertical

6.4.3.8.2        By Application

6.4.3.10  Taiwan Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.10.1 By Vertical

6.4.3.10.2 By Application

6.4.3.11  Rest of Asia Pacific Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.11.1 By Vertical

6.4.3.11.2 By Application

6.5   Middle East and Africa Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.1        By Vertical

6.5.2        By Application

6.5.3        By Country

6.5.3.1     Saudi Arabia Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.1.1        By Vertical

6.5.3.1.2        By Application

6.5.3.2     U.A.E. Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.2.1        By Vertical

6.5.3.2.2        By Application

6.5.3.3     Israel Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.3.1        By Vertical

6.5.3.3.2        By Application

6.5.3.4     South Africa Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.4.1        By Vertical

6.5.3.4.2        By Application

6.5.3.5     Rest of Middle East and Africa Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.5.1        By Vertical

6.5.3.5.2        By Application

6.6   Central and South America Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.1        By Vertical

6.6.2        By Application

6.6.3        By Country

6.6.3.1     Brazil Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.1.1        By Vertical

6.6.3.1.2        By Application

6.6.3.2     Argentina Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.2.1        By Vertical

6.6.3.2.2        By Application

6.6.3.3     Chile Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.3.1        By Vertical

6.6.3.3.2        By Application

6.6.3.3     Rest of Central and South America Procurement Analytics Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.3.1        By Vertical

6.6.3.3.2        By Application

7          COMPETITIVE LANDCAPE

7.1   Company Market Share Analysis

7.2   Four Quadrant Positioning Matrix

7.2.1        Market Leaders

7.2.2        Market Visionaries

7.2.3        Market Challengers

7.2.4        Niche Market Players

7.3   Vendor Landscape

7.3.1        North America

7.3.2        Europe

7.3.3        Asia Pacific

7.3.4        Rest of the World

7.4   Company Profiles  

7.4.1        Oracle

7.4.1.1 Business Description & Financial Analysis

7.4.1.2 SWOT Analysis

7.4.1.3 Products & Services Offered

7.4.1.4 Strategic Alliances between Business Partners

7.4.2        SAS Institute

7.4.2.1 Business Description & Financial Analysis

7.4.2.2 SWOT Analysis

7.4.2.3 Products & Services Offered

7.4.2.4 Strategic Alliances between Business Partners

7.4.3        Coupa Software

7.4.3.1 Business Description & Financial Analysis

7.4.3.2 SWOT Analysis

7.4.3.3 Products & Services Offered

7.4.3.4 Strategic Alliances between Business Partners

7.4.4        Genpact

7.4.4.1 Business Description & Financial Analysis

7.4.4.2 SWOT Analysis

7.4.4.3 Products & Services Offered

7.4.4.4 Strategic Alliances between Business Partners

7.4.5        Rosslyn Data Technologies

7.4.5.1 Business Description & Financial Analysis

7.4.5.2 SWOT Analysis

7.4.5.3 Products & Services Offered

7.4.5.4 Strategic Alliances between Business Partners

7.4.6        SAP

7.4.6.1 Business Description & Financial Analysis

7.4.6.2 SWOT Analysis

7.4.6.3 Products & Services Offered

7.4.6.4 Strategic Alliances between Business Partners

7.4.7        Microsoft  

7.4.7.1 Business Description & Financial Analysis

7.4.7.2 SWOT Analysis

7.4.7.3 Products & Services Offered

7.4.7.4 Strategic Alliances between Business Partners

7.4.8        IBM

7.4.8.1 Business Description & Financial Analysis

7.4.8.2 SWOT Analysis

7.4.8.3 Products & Services Offered

7.4.8.4 Strategic Alliances between Business Partners

7.4.9        Cisco

7.4.9.1 Business Description & Financial Analysis

7.4.9.2 SWOT Analysis

7.4.9.3 Products & Services Offered

7.4.9.4 Strategic Alliances between Business Partners

7.4.10      GEP

7.4.10.1 Business Description & Financial Analysis

7.4.10.2 SWOT Analysis

7.4.10.3 Products & Services Offered

7.4.10.4 Strategic Alliances between Business Partners

7.4.11      Other Companies

7.4.11.1 Business Description & Financial Analysis

7.4.11.2 SWOT Analysis

7.4.11.3 Products & Services Offered

7.4.11.4 Strategic Alliances between Business Partners

8          RESEARCH METHODOLOGY

8.1   Market Introduction

8.1.1        Market Definition

8.1.2        Market Scope & Segmentation

8.2   Information Procurement

8.2.1        Secondary Research

8.2.1.1 Purchased Databases

8.2.1.2 GMEs Internal Data Repository

8.2.1.3 Secondary Resources & Third Party Perspectives

8.2.1.4 Company Information Sources

8.2.2        Primary Research

8.2.2.1 Various Types of Respondents for Primary Interviews

8.2.2.2 Number of Interviews Conducted throughout the Research Process

8.2.2.3 Primary Stakeholders

8.2.2.4 Discussion Guide for Primary Participants

8.2.3        Expert Panels

8.2.3.1 Expert Panels Across 30+ Industry

8.2.4        Paid Local Experts

8.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

8.3   Market Estimation

8.3.1        Top-Down Approach

8.3.1.1 Macro-Economic Indicators Considered

8.3.1.2 Micro-Economic Indicators Considered

8.3.2        Bottom Up Approach

8.3.2.1 Company Share Analysis Approach

8.3.2.2 Estimation of Potential Product Sales

8.4   Data Triangulation

8.4.1        Data Collection

8.4.2        Time Series, Cross Sectional & Panel Data Analysis

8.4.3        Cluster Analysis

8.5   Analysis and Output

8.5.1        Inhouse AI Based Real Time Analytics Tool

8.5.2        Output From Desk & Primary Research

8.6   Research Assumptions & Limitations

8.6.1        Research Assumptions

8.6.2        Research Limitations

LIST OF TABLES

1 Global Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)

2 BFSI Market, By Region, 2021-2029 (USD Mllion)      

3 Retail and E-commerce Market, By Region, 2021-2029 (USD Mllion)           

4 Manufacturing Market, By Region, 2021-2029 (USD Mllion)            

5 Healthcare and Life Sciences Market, By Region, 2021-2029 (USD Mllion)             

6 Telecom and IT Market, By Region, 2021-2029 (USD Mllion)              

7 Energy and Utilities Market, By Region, 2021-2029 (USD Mllion)  

8 Government and Defense Market, By Region, 2021-2029 (USD Mllion)      

9 Others Market, By Region, 2021-2029 (USD Mllion)

10 Global Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

11 Spend Analytics Market, By Region, 2021-2029 (USD Mllion)           

12 Risk Analytics Market, By Region, 2021-2029 (USD Mllion)

13 Supply Chain Management Market, By Region, 2021-2029 (USD Mllion)

14 Vendor Analytics Market, By Region, 2021-2029 (USD Mllion)

15 Contract Management Market, By Region, 2021-2029 (USD Mllion)

16 Others Market, By Region, 2021-2029 (USD Mllion)

17 Regional Analysis, 2021-2029 (USD Mllion)

18 North America Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)

19 North America Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

20 North America Procurement Analytics Market, By COUNTRY, 2021-2029 (USD Mllion)

21 U.S. Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)

22 U.S. Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

23 Canada Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)     

24 Canada Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

25 Mexico Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)

26 Mexico Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

27 Europe Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)     

28 Europe Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

29 Europe Procurement Analytics Market, By Country, 2021-2029 (USD Mllion)     

30 Germany Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)  

31 Germany Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

32 U.K. Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)

33 U.K. Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

34 France Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)

35 France Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

36 Italy Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)

37 Italy Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

38 Spain Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)

39 Spain Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)  

40 Netherlands Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)

41 Netherlands Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

42 Rest Of Europe Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)

43 Rest Of Europe Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

44 Asia Pacific Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)

45 Asia Pacific Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

46 Asia Pacific Procurement Analytics Market, By Country, 2021-2029 (USD Mllion)

47 China Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)

48 China Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)  

49 Japan Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)

50 Japan Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)  

51 India Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)

52 India Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)   

53 South Korea Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)

54 South Korea Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

55 Singapore Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)

56 Singapore Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

57 Thailand Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)  

58 Thailand Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

59 Malaysia Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)  

60 Malaysia Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

61 Indonesia Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)

62 Indonesia Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

63 Vietnam Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)    

64 Vietnam Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

65 Taiwan Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)      

66 Taiwan Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

67 Rest of APAC Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)

68 Rest of APAC Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)  

69 Middle East and Africa Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)  

70 Middle East and Africa Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)       

71 Middle East and Africa Procurement Analytics Market, By Country, 2021-2029 (USD Mllion)  

72 Saudi Arabia Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)

73 Saudi Arabia Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

74 UAE Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)

75 UAE Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

76 Israel Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)

77 Israel Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

78 South Africa Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)

79 South Africa Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

80 Rest Of Middle East and Africa Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)       

81 Rest Of Middle East and Africa Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)      

82 Central and  South America Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)       

83 Central and South America Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)       

84 Central and South America Procurement Analytics Market, By Country, 2021-2029 (USD Mllion)

85 Brazil Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)

86 Brazil Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

87 Chile Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)

88 Chile Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)   

89 Argentina Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)

90 Argentina Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)

91 Rest Of Central and South America Procurement Analytics Market, By Vertical, 2021-2029 (USD Mllion)      

92 Rest Of Central and South America Procurement Analytics Market, By Application, 2021-2029 (USD Mllion)      

93 Oracle: Products & Services Offering         

94 SAS Institute: Products & Services Offering            

95 Coupa Software: Products & Services Offering    

96 Genpact: Products & Services Offering      

97 Rosslyn Data Technologies: Products & Services Offering           

98 SAP: Products & Services Offering 

99 Microsoft : Products & Services Offering

100 IBM: Products & Services Offering 

101 Cisco, Inc: Products & Services Offering   

102 GEP: Products & Services Offering 

103 Other Companies: Products & Services Offering  

LIST OF FIGURES

1 Global Procurement Analytics Market Overview

2 Global Procurement Analytics Market Value From 2021-2029 (USD Mllion)

3 Global Procurement Analytics Market Share, By Vertical (2023)

4 Global Procurement Analytics Market Share, By Application (2023)

5 Global Procurement Analytics Market, By Region (Asia Pacific Market)

6 Technological Trends In Global Procurement Analytics Market

7 Four Quadrant Competitor Positioning Matrix

8 Impact Of Macro & Micro Indicators On The Market

9 Impact Of Key Drivers On The Global Procurement Analytics Market

10 Impact Of Challenges On The Global Procurement Analytics Market

11 Porter’s Five Forces Analysis

12 Global Procurement Analytics Market: By Vertical Scope Key Takeaways

13 Global Procurement Analytics Market, By Vertical Segment: Revenue Growth Analysis

14 BFSI Market, By Region, 2021-2029 (USD Mllion)

15 Retail and E-commerce Market, By Region, 2021-2029 (USD Mllion)

16 ManufacturingMarket, By Region, 2021-2029 (USD Mllion)

17 Healthcare and Life Sciences Market, By Region, 2021-2029 (USD Mllion)

18 Telecom and IT Market, By Region, 2021-2029 (USD Mllion)

19 Energy and Utilities Market, By Region, 2021-2029 (USD Mllion)     

20 Government and Defense Market, By Region, 2021-2029 (USD Mllion)

21 Others Market, By Region, 2021-2029 (USD Mllion)

22 Global Procurement Analytics Market: By Application Scope Key Takeaways

23 Global Procurement Analytics Market, By Application Segment: Revenue Growth Analysis

24 Spend Analytics Market, By Region, 2021-2029 (USD Mllion)

25 Risk Analytics Market, By Region, 2021-2029 (USD Mllion)

26 Supply Chain Management Market, By Region, 2021-2029 (USD Mllion)

27 Vendor Analytics Market, By Region, 2021-2029 (USD Mllion)

28 Contract Management Market, By Region, 2021-2029 (USD Mllion)

29 Others Market, By Region, 2021-2029 (USD Mllion)

30 Regional Segment: Revenue Growth Analysis

31 Global Procurement Analytics Market: Regional Analysis

32 North America Procurement Analytics Market Overview

33 North America Procurement Analytics Market, By Vertical

34 North America Procurement Analytics Market, By Application

35 North America Procurement Analytics Market, By Country

36 U.S. Procurement Analytics Market, By Vertical

37 U.S. Procurement Analytics Market, By Application

38 Canada Procurement Analytics Market, By Vertical

39 Canada Procurement Analytics Market, By Application

40 Mexico Procurement Analytics Market, By Vertical

41 Mexico Procurement Analytics Market, By Application

42 Four Quadrant Positioning Matrix

43 Company Market Share Analysis

44 Oracle: Company Snapshot

45 Oracle: SWOT Analysis

46 Oracle: Geographic Presence

47 SAS Institute: Company Snapshot

48 SAS Institute: SWOT Analysis

49 SAS Institute: Geographic Presence

50 Coupa Software: Company Snapshot

51 Coupa Software: SWOT Analysis

52 Coupa Software: Geographic Presence

53 Genpact: Company Snapshot

54 Genpact: Swot Analysis

55 Genpact: Geographic Presence

56 Rosslyn Data Technologies: Company Snapshot

57 Rosslyn Data Technologies: SWOT Analysis

58 Rosslyn Data Technologies: Geographic Presence

59 SAP: Company Snapshot

60 SAP: SWOT Analysis

61 SAP: Geographic Presence

62 Microsoft : Company Snapshot

63 Microsoft : SWOT Analysis

64 Microsoft : Geographic Presence

65 IBM: Company Snapshot

66 IBM: SWOT Analysis

67 IBM: Geographic Presence

68 Cisco, Inc.: Company Snapshot

69 Cisco, Inc.: SWOT Analysis

70 Cisco, Inc.: Geographic Presence

71 GEP: Company Snapshot

72 GEP: SWOT Analysis

73 GEP: Geographic Presence

74 Other Companies: Company Snapshot

75 Other Companies: SWOT Analysis

76 Other Companies: Geographic Presence

The Global Procurement Analytics Market has been studied from the year 2019 till 2029. However, the CAGR provided in the report is from the year 2024 to 2029. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Procurement Analytics Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Procurement Analytics Market.

Procurement Analytics Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Procurement Analytics Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Procurement Analytics Market Share

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Frequently Asked Questions

The global procurement analytics market is projected to grow at a CAGR of 23.5% from 2024 to 2029. Check out our latest report with actionable insights.
SAP, Oracle, SAS Institute, Coupa Software, Genpact, Rosslyn Data Technologies, Microsoft, IBM, Cisco, and GEP., among others, are some of the key players operating in the global procurement analytics market.
The global procurement analytics market offers opportunities for organizations to enhance cost efficiency, supplier management, and risk mitigation through data-driven insights. Advancements in AI and machine learning facilitate predictive analytics, demand forecasting, and spend analysis, empowering businesses to optimize procurement strategies and achieve sustainable growth.
The increasing demand for enhanced visibility and control over procurement processes, rising adoption of cloud-based analytics solutions, growing focus on cost reduction and efficiency improvement, and the integration of advanced technologies like AI and machine learning to optimize procurement operations are the major drivers for global procurement analytics market growth.

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