Product Code: VMR11219203
Global Procurement Analytics Market size is anticipated to grow from USD 5.95 Billion in 2024 to USD 45.65 Billion by 2033, showcasing a robust Compound Annual Growth Rate (CAGR) of 25.42% during the forecast period of 2026 to 2033.
The Procurement Analytics market is set to experience significant growth as organizations increasingly recognize the importance of data-driven decision-making in their procurement processes. With the rising complexity of supply chains and the need for cost optimization, procurement analytics tools enable businesses to analyze spending patterns, supplier performance, and market trends. By leveraging these insights, organizations can make informed decisions that enhance efficiency, reduce costs, and improve supplier relationships. As companies strive to gain a competitive edge through strategic sourcing and procurement optimization, the demand for advanced analytics solutions is expected to rise, driving innovation in this sector.
Moreover, the integration of artificial intelligence and machine learning into procurement analytics is revolutionizing the way organizations manage their supply chains. These technologies enable predictive analytics, allowing businesses to forecast demand, identify potential risks, and optimize inventory levels. The ability to analyze vast amounts of data in real-time empowers procurement teams to make proactive decisions that align with organizational goals. As the emphasis on agility and responsiveness in procurement processes increases, the adoption of advanced analytics tools will continue to grow, positioning them as essential components of modern procurement strategies.
Additionally, the increasing focus on sustainability and ethical sourcing is shaping the future of the procurement analytics market. As organizations prioritize responsible procurement practices, analytics tools that provide insights into supplier sustainability and compliance will become increasingly valuable. This focus on transparency and accountability not only builds trust among stakeholders but also ensures compliance with regulatory requirements. The convergence of technological advancements, data-driven decision-making, and sustainability initiatives positions the procurement analytics market for robust growth, making it a focal point for innovation and investment in the coming years.
Our reports are meticulously crafted to provide clients with comprehensive and actionable insights into various industries and markets. Each report encompasses several critical components to ensure a thorough understanding of the market landscape:
Market Overview: A detailed introduction to the market, including definitions, classifications, and an overview of the industry's current state.
Market Dynamics: In-depth analysis of key drivers, restraints, opportunities, and challenges influencing market growth. This section examines factors such as technological advancements, regulatory changes, and emerging trends.
Segmentation Analysis: Breakdown of the market into distinct segments based on criteria like product type, application, end-user, and geography. This analysis highlights the performance and potential of each segment.
Competitive Landscape: Comprehensive assessment of major market players, including their market share, product portfolio, strategic initiatives, and financial performance. This section provides insights into the competitive dynamics and key strategies adopted by leading companies.
Market Forecast: Projections of market size and growth trends over a specified period, based on historical data and current market conditions. This includes quantitative analyses and graphical representations to illustrate future market trajectories.
Regional Analysis: Evaluation of market performance across different geographical regions, identifying key markets and regional trends. This helps in understanding regional market dynamics and opportunities.
Emerging Trends and Opportunities: Identification of current and emerging market trends, technological innovations, and potential areas for investment. This section offers insights into future market developments and growth prospects.
SEGMENTATION COVERED IN THE REPORT
By Component
By Application
- Supply Chain Analytics
- Risk Analytics
- Spend Analytics
- Demand Forecasting
- Contract Management
- Vendor Management
- Category Management
By Deployment Mode
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
- COMPANIES PROFILED
- SAP
- Oracle
- Microsoft
- IBM
- Cisco
- SAS Institute
- Coupa Software
- Genpact
- GEP
- Corcentric
- Zycus
- Jaggaer
- Workday
- Rosslyn Data Technologies
- BirchStreet Systems
- The above list can be customized.
TABLE OF CONTENTS
1. PREFACE
- 1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology
2. EXECUTIVE SUMMARY
- 2.1. Highlights of Market
- 2.2. Global Market Snapshot
3. PROCUREMENT ANALYTICS INDUSTRY ANALYSIS
- 3.1. Introduction - Market Dynamics
- 3.2. Market Drivers
- 3.3. Market Restraints
- 3.4. Opportunities
- 3.5. Industry Trends
- 3.6. Poerter's Five Force Analysis
- 3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Component
- 3.7.2 Market Attractiveness Analysis By Application
- 3.7.3 Market Attractiveness Analysis By Deployment Mode
- 3.7.4 Market Attractiveness Analysis By Organization Size
- 3.7.5 Market Attractiveness Analysis By Vertical
- 3.7.6 Market Attractiveness Analysis By Region
4. VALUE CHAIN ANALYSIS
- 4.1. Value Chain Analysis
- 4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
- 4.3. List of Potential Buyers
- 4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend
5. GLOBAL PROCUREMENT ANALYTICS MARKET ANALYSIS BY COMPONENT
- 5.1. Overview By Component
- 5.2. Historical and Forecast Data Analysis By Component
- 5.3. Solutions Historic and Forecast Sales By Regions
- 5.4. Services Historic and Forecast Sales By Regions
6. GLOBAL PROCUREMENT ANALYTICS MARKET ANALYSIS BY APPLICATION
- 6.1. Overview By Application
- 6.2. Historical and Forecast Data Analysis By Application
- 6.3. Supply Chain Analytics Historic and Forecast Sales By Regions
- 6.4. Risk Analytics Historic and Forecast Sales By Regions
- 6.5. Spend Analytics Historic and Forecast Sales By Regions
- 6.6. Demand Forecasting Historic and Forecast Sales By Regions
- 6.7. Contract Management Historic and Forecast Sales By Regions
- 6.8. Vendor Management Historic and Forecast Sales By Regions
- 6.9. Category Management Historic and Forecast Sales By Regions
7. GLOBAL PROCUREMENT ANALYTICS MARKET ANALYSIS BY DEPLOYMENT MODE
- 7.1. Overview By Deployment Mode
- 7.2. Historical and Forecast Data Analysis By Deployment Mode
- 7.3. Cloud Historic and Forecast Sales By Regions
- 7.4. On-premises Historic and Forecast Sales By Regions
8. GLOBAL PROCUREMENT ANALYTICS MARKET ANALYSIS BY ORGANIZATION SIZE
- 8.1. Overview By Organization Size
- 8.2. Historical and Forecast Data Analysis By Organization Size
- 8.3. Large Enterprises Historic and Forecast Sales By Regions
- 8.4. Small and Medium-sized Enterprises (SMEs) Historic and Forecast Sales By Regions
9. GLOBAL PROCUREMENT ANALYTICS MARKET ANALYSIS BY VERTICAL
- 9.1. Overview By Vertical
- 9.2. Historical and Forecast Data Analysis By Vertical
- 9.3. BFSI Historic and Forecast Sales By Regions
- 9.4. Retail and eCommerce Historic and Forecast Sales By Regions
- 9.5. Telecom and IT Historic and Forecast Sales By Regions
- 9.6. Manufacturing Historic and Forecast Sales By Regions
- 9.7. Healthcare and Life Sciences Historic and Forecast Sales By Regions
- 9.8. Energy and Utilities Historic and Forecast Sales By Regions
- 9.9. Government and Defense Historic and Forecast Sales By Regions
10. GLOBAL PROCUREMENT ANALYTICS MARKET ANALYSIS BY GEOGRAPHY
- 10.1. Regional Outlook
- 10.2. Introduction
- 10.3. North America Sales Analysis
- 10.3.1 Overview, Historic and Forecast Data Sales Analysis
- 10.3.2 North America By Segment Sales Analysis
- 10.3.3 North America By Country Sales Analysis
- 10.3.4 United States Sales Analysis
- 10.3.5 Canada Sales Analysis
- 10.3.6 Mexico Sales Analysis
- 10.4. Europe Sales Analysis
- 10.4.1 Overview, Historic and Forecast Data Sales Analysis
- 10.4.2 Europe By Segment Sales Analysis
- 10.4.3 Europe By Country Sales Analysis
- 10.4.4 United Kingdom Sales Analysis
- 10.4.5 France Sales Analysis
- 10.4.6 Germany Sales Analysis
- 10.4.7 Italy Sales Analysis
- 10.4.8 Russia Sales Analysis
- 10.4.9 Rest Of Europe Sales Analysis
- 10.5. Asia Pacific Sales Analysis
- 10.5.1 Overview, Historic and Forecast Data Sales Analysis
- 10.5.2 Asia Pacific By Segment Sales Analysis
- 10.5.3 Asia Pacific By Country Sales Analysis
- 10.5.4 China Sales Analysis
- 10.5.5 India Sales Analysis
- 10.5.6 Japan Sales Analysis
- 10.5.7 South Korea Sales Analysis
- 10.5.8 Australia Sales Analysis
- 10.5.9 South East Asia Sales Analysis
- 10.5.10 Rest Of Asia Pacific Sales Analysis
- 10.6. Latin America Sales Analysis
- 10.6.1 Overview, Historic and Forecast Data Sales Analysis
- 10.6.2 Latin America By Segment Sales Analysis
- 10.6.3 Latin America By Country Sales Analysis
- 10.6.4 Brazil Sales Analysis
- 10.6.5 Argentina Sales Analysis
- 10.6.6 Peru Sales Analysis
- 10.6.7 Chile Sales Analysis
- 10.6.8 Rest of Latin America Sales Analysis
- 10.7. Middle East & Africa Sales Analysis
- 10.7.1 Overview, Historic and Forecast Data Sales Analysis
- 10.7.2 Middle East & Africa By Segment Sales Analysis
- 10.7.3 Middle East & Africa By Country Sales Analysis
- 10.7.4 Saudi Arabia Sales Analysis
- 10.7.5 UAE Sales Analysis
- 10.7.6 Israel Sales Analysis
- 10.7.7 South Africa Sales Analysis
- 10.7.8 Rest Of Middle East And Africa Sales Analysis
11. COMPETITIVE LANDSCAPE OF THE PROCUREMENT ANALYTICS COMPANIES
- 11.1. Procurement Analytics Market Competition
- 11.2. Partnership/Collaboration/Agreement
- 11.3. Merger And Acquisitions
- 11.4. New Product Launch
- 11.5. Other Developments
12. COMPANY PROFILES OF PROCUREMENT ANALYTICS INDUSTRY
- 12.1. Top Companies Market Share Analysis
- 12.2. Market Concentration Rate
- 12.3. SAP
- 12.3.1 Company Overview
- 12.3.2 Company Revenue
- 12.3.3 Products
- 12.3.4 Recent Developments
- 12.4. Oracle
- 12.4.1 Company Overview
- 12.4.2 Company Revenue
- 12.4.3 Products
- 12.4.4 Recent Developments
- 12.5. Microsoft
- 12.5.1 Company Overview
- 12.5.2 Company Revenue
- 12.5.3 Products
- 12.5.4 Recent Developments
- 12.6. IBM
- 12.6.1 Company Overview
- 12.6.2 Company Revenue
- 12.6.3 Products
- 12.6.4 Recent Developments
- 12.7. Cisco
- 12.7.1 Company Overview
- 12.7.2 Company Revenue
- 12.7.3 Products
- 12.7.4 Recent Developments
- 12.8. SAS Institute
- 12.8.1 Company Overview
- 12.8.2 Company Revenue
- 12.8.3 Products
- 12.8.4 Recent Developments
- 12.9. Coupa Software
- 12.9.1 Company Overview
- 12.9.2 Company Revenue
- 12.9.3 Products
- 12.9.4 Recent Developments
- 12.10. Genpact
- 12.10.1 Company Overview
- 12.10.2 Company Revenue
- 12.10.3 Products
- 12.10.4 Recent Developments
- 12.11. GEP
- 12.11.1 Company Overview
- 12.11.2 Company Revenue
- 12.11.3 Products
- 12.11.4 Recent Developments
- 12.12. Corcentric
- 12.12.1 Company Overview
- 12.12.2 Company Revenue
- 12.12.3 Products
- 12.12.4 Recent Developments
- 12.13. Zycus
- 12.13.1 Company Overview
- 12.13.2 Company Revenue
- 12.13.3 Products
- 12.13.4 Recent Developments
- 12.14. Jaggaer
- 12.14.1 Company Overview
- 12.14.2 Company Revenue
- 12.14.3 Products
- 12.14.4 Recent Developments
- 12.15. Workday
- 12.15.1 Company Overview
- 12.15.2 Company Revenue
- 12.15.3 Products
- 12.15.4 Recent Developments
- 12.16. Rosslyn Data Technologies
- 12.16.1 Company Overview
- 12.16.2 Company Revenue
- 12.16.3 Products
- 12.16.4 Recent Developments
- 12.17. BirchStreet Systems
- 12.17.1 Company Overview
- 12.17.2 Company Revenue
- 12.17.3 Products
- 12.17.4 Recent Developments
Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies