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Procurement analytics market Research Report by Forecast to 2023


Procurement analytics market 2020 – 2023: Global Leading Growth Drivers, COVID – 19 Analysis, Business Trends, Sales Revenue, Emerging Technologies, Industry Segments, Profits and Regional Study – PowerPoint PPT presentation

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Title: Procurement analytics market Research Report by Forecast to 2023

Procurement Analytics Market Research Report By
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
Procurement Analytics Market
In its research report, Market Research Future
(MRFR), emphasizes that over the review period ,
the global market 2020 is poised to increase
significantly, ensuring substantial market
valuation of USD 7.90 billion by 2024, and a
healthy 21.4 CAGR over the review period.
Procurement Analytics Market
Taste the market data and market information
presented through more than 50 market data tables
and figures spread in 100 numbers of pages of the
project report. Avail the in-depth table of
content TOC market synopsis on Internet of
Procurement Analytics Market Forecast To 2023
  • Rapid technical advancements, digital innovation
    and comprehensive cloud infrastructure have
    intensified businesses' need for data-driven
    solutions to assist them in effective
    decision-making. Analytics thus plays a critical
    role in the enterprises enabling them to minimize
    capital and operating expenditure and
    significantly increase investment return (ROI).
    Procurement analytics provide comprehensive
    information on the historical data and allow
    companies to forecast future trends with the help
    of Procurement Analytics Market. Such
    quantitative data allow companies with
    data-driven decision-making to gain a competitive
    market advantage. In addition, the incorporation
    of analytics in the procurement process helps
    companies to achieve greater visibility and cost
  • It is possible that the convergence of analytics
    with technological developments such as the
    Internet of Things ( IoT) and cognitive computing
    would accelerate the use of the procurement
    process for highly insightful decisions.
    Therefore, the growing need for highly efficient
    procurement solutions to improve operational
    performance is expected to drive the procurement
    analytics market during the evaluation period. In
    addition, demand for cloud-based procurement
    solutions is growing, and demand for data-driven
    solutions is growing, which is likely to drive
    the procurement analytics market in the forecast
  • At the other hand, lack of safe solutions,
    privacy issues and lack of technological
    expertise are some of the aspects that are
    hindering the growth of the procurement analytics
    market over the coming years.

Procurement Analytics Market
Regional Analysis
The global market geographic overview was
conducted in four major regions including Asia
Pacific , North America, Europe and the rest of
the world. However, North America led the
procurement analytics market in 2018, from 2019
to 2024 Asia-Pacific is expected to be the
fastest-growing market. North America held the
largest market share in 2018 and predicted over
the forecast period to dominate the global
procurement analytics market. Market growth can
be credited to the early adoption by enterprises
of analytics solution in the procurement process
and the involvement of industry giants like SAS
Institute, Inc., IBM Corporation and Oracle
Corporation. In terms of market share, Europe is
slated to achieve second place in the procurement
analytics market during the assessment
period. During the assessment period
Asia-Pacific is expected to be the fastest
growing segment in the procurement analytics
market. Market growth is attributed to heavy
vendor investment in developing robust cloud
infrastructure in emerging economies like India,
China , and other South East Asian countries.
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Procurement Analytics Market
Application Major Players in this Research
  • Procurement Analytics Market Prominent Players
  • SAP SE (Germany),
  • IBM Corporation. (US),
  • Oracle Corporation (US),
  • Zycus Inc. (US), Tamr (US),
  • SAS Institute Inc.,(US),
  • Genpact (UK),
  • BRIDGEi2i Analytics (India),
  • Dataction (India),
  • Tungsten Corporation plc (UK)

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Procurement Analytics Market
Procurement Analytics Market Segmented on the
basis of
Segment Based on the component, the global
procurement analytics market has been bifurcated
into solutions and services. The solutions
segment has been sub-divided into sourcing,
vendor management, spend analytics, invoicing
analytics, category management, contract
management, and others. Furthermore, the services
segment has been further divided into
professional services and managed services. By
deployment mode, the global procurement analytics
market has been divided into on-premise and
cloud. By the organization size, the global
procurement analytics market classified as small
and medium-sized enterprises (SMEs) and large
enterprises. Based on the industry vertical,
the global procurement analytics market has been
divided into healthcare and life sciences,
banking, financial services and insurance (BFSI),
telecom and IT, energy and utilities, retail and
e-commerce, and others.
MARKET RESEARCH FUTURE At Market Research Future
(MRFR), we enable our customers to unravel the
complexity of various industries through our
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Research Reports (HCRR), Raw Research Reports
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and market players for global, regional, and
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to see more, know more, and do more, which help
to answer all their most important questions. In
order to stay updated with technology and work
process of the industry, MRFR often plans
conducts meet with the industry experts and
industrial visits for its research analyst
members. For more information kindly visit or contact us at Copyright
2018 Market Research Future All Rights Reserved.
This document contains highly confidential
information and is the sole property of Market
Research Future. No part of it may be circulated,
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