Global procurement analytics market is expected to grow at a CAGR of 16.5% during the forecast period, from 2021 to 2030. The market is driven by the need for better decision-making and increased efficiency in procurement processes. Procurement analytics helps organizations make better decisions by providing insights into their supply chain and identifying potential risks and opportunities. It also helps them identify cost savings opportunities, optimize inventory levels, improve customer service levels, and reduce operational costs.
Cloubased segment accounted for the largest share of the global procurement analytics market in 2018 owing to its ability to provide real-time insights into data that can be used for decision making purposes. The opremise segment is expected to grow at a higher CAGR during the forecast period due to its ability to provide real-time insights into data that can be used for decision making purposes as well as its scalability across different industries such as BFSI, healthcare & life sciences, IT & telecoms, retail & commerce, energy & utilities etc, which are driving factors for this segment’s growth over time.
Some Of The Growth Factors Of This Market:
- The procurement analytics market is driven by the need for better decision-making and increased efficiency in the supply chain process, which has led to an increase in demand for procurement analytics solutions.
- Procurement analytics solutions are used by organizations to improve their supply chain processes and reduce costs, which has led to an increase in demand for these solutions from organizations across various industries such as manufacturing, retail, healthcare, and others.
- Organizations are increasingly investing in technology that can help them make better decisions about their supply chains and procurements; this has led to an increase in demand for procurement analytics solutions from organizations across various industries such as manufacturing, retail, healthcare, and others.
- Increasing adoption of cloud-based software will drive growth of the procurement analytics market.
Industry Growth Insights published a new data on “Procurement Analytics Market”. The research report is titled “Procurement Analytics Market research by Types (Cloud-based, On-premise), By Applications (BFSI, Healthcare and Life Sciences, IT & Telecom, Retail & E-Commerce, Energy And Utilities, Others), By Players/Companies IBM, SAP, Oracle, Tamr, Zycus, SAS Institute, Accenture, GEP, Genpact, Sievo, Dataction, Tungsten Corporation, Rosslyn Data Technologies, BirchStreet”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Procurement Analytics Market Research Report
By Type
Cloud-based, On-premise
By Application
BFSI, Healthcare and Life Sciences, IT & Telecom, Retail & E-Commerce, Energy And Utilities, Others
By Companies
IBM, SAP, Oracle, Tamr, Zycus, SAS Institute, Accenture, GEP, Genpact, Sievo, Dataction, Tungsten Corporation, Rosslyn Data Technologies, BirchStreet
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Procurement Analytics Market Report Segments:
The global Procurement Analytics market is segmented on the basis of:
Types
Cloud-based, On-premise
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BFSI, Healthcare and Life Sciences, IT & Telecom, Retail & E-Commerce, Energy And Utilities, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- SAP
- Oracle
- Tamr
- Zycus
- SAS Institute
- Accenture
- GEP
- Genpact
- Sievo
- Dataction
- Tungsten Corporation
- Rosslyn Data Technologies
- BirchStreet
Highlights of The Procurement Analytics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-based
- On-premise
- By Application:
- BFSI
- Healthcare and Life Sciences
- IT & Telecom
- Retail & E-Commerce
- Energy And Utilities
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Procurement Analytics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Procurement analytics is the use of data and analytics to improve procurement processes. It can help organizations identify opportunities, optimize spending, and improve decision making. Procurement analytics can also help organizations track performance against goals and objectives, identify areas for improvement, and make better decisions about where to allocate resources.
Some of the key players operating in the procurement analytics market are IBM, SAP, Oracle, Tamr, Zycus, SAS Institute, Accenture, GEP, Genpact, Sievo, Dataction, Tungsten Corporation, Rosslyn Data Technologies, BirchStreet.
The procurement analytics market is expected to register a CAGR of 16.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Procurement Analytics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Procurement Analytics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Procurement Analytics Market - Supply Chain
4.5. Global Procurement Analytics Market Forecast
4.5.1. Procurement Analytics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Procurement Analytics Market Size (000 Units) and Y-o-Y Growth
4.5.3. Procurement Analytics Market Absolute $ Opportunity
5. Global Procurement Analytics Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Procurement Analytics Market Size and Volume Forecast by Type
5.3.1. Cloud-based
5.3.2. On-premise
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Procurement Analytics Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Procurement Analytics Market Size and Volume Forecast by Application
6.3.1. BFSI
6.3.2. Healthcare and Life Sciences
6.3.3. IT & Telecom
6.3.4. Retail & E-Commerce
6.3.5. Energy And Utilities
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Procurement Analytics Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Procurement Analytics Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Procurement Analytics Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Procurement Analytics Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Procurement Analytics Demand Share Forecast, 2019-2029
9. North America Procurement Analytics Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Procurement Analytics Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Procurement Analytics Market Size and Volume Forecast by Application
9.4.1. BFSI
9.4.2. Healthcare and Life Sciences
9.4.3. IT & Telecom
9.4.4. Retail & E-Commerce
9.4.5. Energy And Utilities
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Procurement Analytics Market Size and Volume Forecast by Type
9.7.1. Cloud-based
9.7.2. On-premise
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Procurement Analytics Demand Share Forecast, 2019-2029
10. Latin America Procurement Analytics Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Procurement Analytics Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Procurement Analytics Market Size and Volume Forecast by Application
10.4.1. BFSI
10.4.2. Healthcare and Life Sciences
10.4.3. IT & Telecom
10.4.4. Retail & E-Commerce
10.4.5. Energy And Utilities
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Procurement Analytics Market Size and Volume Forecast by Type
10.7.1. Cloud-based
10.7.2. On-premise
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Procurement Analytics Demand Share Forecast, 2019-2029
11. Europe Procurement Analytics Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Procurement Analytics Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Procurement Analytics Market Size and Volume Forecast by Application
11.4.1. BFSI
11.4.2. Healthcare and Life Sciences
11.4.3. IT & Telecom
11.4.4. Retail & E-Commerce
11.4.5. Energy And Utilities
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Procurement Analytics Market Size and Volume Forecast by Type
11.7.1. Cloud-based
11.7.2 On-premise
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Procurement Analytics Demand Share, 2019-2029
12. Asia Pacific Procurement Analytics Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Procurement Analytics Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Procurement Analytics Market Size and Volume Forecast by Application
12.4.1. BFSI
12.4.2. Healthcare and Life Sciences
12.4.3. IT & Telecom
12.4.4. Retail & E-Commerce
12.4.5. Energy And Utilities
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Procurement Analytics Market Size and Volume Forecast by Type
12.7.1. Cloud-based
12.7.2. On-premise
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Procurement Analytics Demand Share, 2019-2029
13. Middle East & Africa Procurement Analytics Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Procurement Analytics Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Procurement Analytics Market Size and Volume Forecast by Application
13.4.1. BFSI
13.4.2. Healthcare and Life Sciences
13.4.3. IT & Telecom
13.4.4. Retail & E-Commerce
13.4.5. Energy And Utilities
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Procurement Analytics Market Size and Volume Forecast by Type
13.7.1. Cloud-based
13.7.2. On-premise
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Procurement Analytics Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Procurement Analytics Market: Market Share Analysis
14.2. Procurement Analytics Distributors and Customers
14.3. Procurement Analytics Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. IBM
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SAP
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Oracle
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Tamr
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Zycus
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SAS Institute
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Accenture
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. GEP
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Genpact
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sievo
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Dataction
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Tungsten Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Rosslyn Data Technologies
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. BirchStreet
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
