Procurement analytics is a software tool that offers quantitative methods to derive actionable insights and outcomes from datasets. The procurement analytics provide comprehensive information about the historical data, and with the help of predictive analytical tools enables enterprises to forecast future trends. These quantitative data allows enterprises with data-driven decision-making to gain a competitive advantage in the market. Moreover, implementing analytics in the procurement process, allows enterprises to achieve better visibility and control over expenses.
This report contains market size and forecasts of Procurement Analytics in Global, including the following market information:
Global Procurement Analytics Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Procurement Analytics market was valued at 2880.6 million in 2021 and is projected to reach US$ 8307.8 million by 2028, at a CAGR of 16.3% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Cloud-based Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Procurement Analytics include IBM, SAP, Oracle, Tamr, Zycus, SAS Institute, Accenture, GEP and Genpact, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Procurement Analytics companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Procurement Analytics Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Procurement Analytics Market Segment Percentages, by Type, 2021 (%)
Cloud-based
On-premise
Global Procurement Analytics Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Procurement Analytics Market Segment Percentages, by Application, 2021 (%)
BFSI
Healthcare and Life Sciences
IT & Telecom
Retail & E-Commerce
Energy And Utilities
Others
Global Procurement Analytics Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Procurement Analytics Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Procurement Analytics revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Procurement Analytics revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
IBM
SAP
Oracle
Tamr
Zycus
SAS Institute
Accenture
GEP
Genpact
Sievo
Dataction
Tungsten Corporation
Rosslyn Data Technologies
BirchStreet