Procurement analytics may be a package tool that gives quantitative methods to derive actionable insights and outcomes from datasets. The procurement analytics offer comprehensive information about the historical data, and with the help of prognostic 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 procural method, permits enterprises to realize better visibility and control over expenses.
Integration of analytics with technological trends such as the internet of Things (IoT) and cognitive computing is likely to propel the adoption of the procurement method for highly insightful decision-making. Thus, rising want for extremely efficient solutions for the procural method to increase the operational potency is expected to drive the procural analytics market during the assessment period. Also, surge in demand for cloud-based procurement solutions and rise in demand for data-driven solutions is likely to drive the procurement analytics market during the forecast period.
On the other hand, lack of secured solutions, privacy concerns, and lack of technical expertise are some of the factors that hinder the growth of the procural analytics market over future few years.
Market Insights
The global Procurement Analytics market is expected to be around US$ 8.5 Billion by 2027 at a CAGR of 21% in the given forecast period.
The global Procurement Analytics market is segregated on the basis of Application Area as Supply Chain Analytics, Risk Analytics, Spend Analytics, Demand Forecasting, Contract Management, and Vendor Management. Based on Deployment the global Procurement Analytics market is segmented in Cloud and On-Premises. Based on End-User Industry the global Procurement Analytics market is segmented in Telecom and IT, Retail, Media and Entertainment, Manufacturing, Healthcare, Government, Energy and Power, Education, BSFI, and Other.
Based on Organization Size, the global Procurement Analytics market is segmented in Small & Medium Business and Large Scale Enterprises. The report also bifurcates the global Procurement Analytics market based on Service in Professional Services and Managed Service.
The global Procurement Analytics market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Procurement Analytics market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Oracle Co, Coupa Software, BRIDGEi2i, Rosslyn Data Technologies, SAP, SAS Institute Inc., JAGGAER, Genpact, Zycus, Proactis, and others are among the major players in the global Procurement Analytics market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Procurement Analytics Market has been segmented as below:
Procurement Analytics Market, By Application Area
Procurement Analytics Market, By Deployment
Procurement Analytics Market, By End-User Industry
Procurement Analytics Market, By Organization Size
Procurement Analytics Market, By Service
Procurement Analytics Market, By Region
Procurement Analytics Market, By Company
The report covers:
Report Scope:
The global Procurement Analytics market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Procurement Analytics market share. Major industry players with significant revenue share include Oracle Co, Coupa Software, BRIDGEi2i, Rosslyn Data Technologies, SAP, SAS Institute Inc., JAGGAER, Genpact, Zycus, Proactis, and others.
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1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach – Segmental Market Analysis
2.5.2 Top-Down Approach – Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter’s Five Force Analysis
5. Procurement Analytics Market, By Application Area
5.1 Introduction
5.2 Supply Chain Analytics
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Risk Analytics
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 Spend Analytics
5.4.1 Market Overview
5.4.2 Market Size and Forecast
5.5 Demand Forecasting
5.5.1 Market Overview
5.5.2 Market Size and Forecast
5.6 Contract Management
5.6.1 Market Overview
5.6.2 Market Size and Forecast
5.7 Vendor Management
5.7.1 Market Overview
5.7.2 Market Size and Forecast
6. Procurement Analytics Market, By Deployment
6.1 Introduction
6.2 Cloud
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 On-Premises
6.3.1 Market Overview
6.3.2 Market Size and Forecast
7. Procurement Analytics Market, By End-User Industry
7.1 Introduction
7.2 Telecom and IT
7.2.1 Market Overview
7.2.2 Market Size and Forecast
7.3 Retail
7.3.1 Market Overview
7.3.2 Market Size and Forecast
7.4 Media and Entertainment
7.4.1 Market Overview
7.4.2 Market Size and Forecast
7.5 Manufacturing
7.5.1 Market Overview
7.5.2 Market Size and Forecast
7.6 Healthcare
7.6.1 Market Overview
7.6.2 Market Size and Forecast
7.7 Government
7.7.1 Market Overview
7.7.2 Market Size and Forecast
7.8 Energy and Power
7.8.1 Market Overview
7.8.2 Market Size and Forecast
7.9 Education
7.9.1 Market Overview
7.9.2 Market Size and Forecast
7.10 BSFI
7.10.1 Market Overview
7.10.2 Market Size and Forecast
7.11 Other
7.11.1 Market Overview
7.11.2 Market Size and Forecast
8. Procurement Analytics Market, By Organization Size
8.1 Introduction
8.2 Small & Medium Business
8.2.1 Market Overview
8.2.2 Market Size and Forecast
8.3 Large Scale Enterprises
8.3.1 Market Overview
8.3.2 Market Size and Forecast
9. Procurement Analytics Market, By Service
9.1 Introduction
9.2 Professional Services
9.2.1 Market Overview
9.2.2 Market Size and Forecast
9.3 Managed Service
9.3.1 Market Overview
9.3.2 Market Size and Forecast
10. Procurement Analytics Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 North America Procurement Analytics, By Application Area
10.2.2 North America Procurement Analytics, By Deployment
10.2.3 North America Procurement Analytics, By End-User Industry
10.2.4 North America Procurement Analytics, By Organization Size
10.2.5 North America Procurement Analytics, By Service
10.3 Europe
10.3.1 Europe Procurement Analytics, By Application Area
10.3.2 Europe Procurement Analytics, By Deployment
10.3.3 Europe Procurement Analytics, By End-User Industry
10.3.4 Europe Procurement Analytics, By Organization Size
10.3.5 Europe Procurement Analytics, By Service
10.4 Asia-Pacific
10.4.1 Asia-Pacific Procurement Analytics, By Application Area
10.4.2 Asia-Pacific Procurement Analytics, By Deployment
10.4.3 Asia-Pacific Procurement Analytics, By End-User Industry
10.4.4 Asia-Pacific Procurement Analytics, By Organization Size
10.4.5 Asia-Pacific Procurement Analytics, By Service
10.5 Rest of the World
10.5.1 Rest of the World Procurement Analytics, By Application Area
10.5.2 Rest of the World Procurement Analytics, By Deployment
10.5.3 Rest of the World Procurement Analytics, By End-User Industry
10.5.4 Rest of the World Procurement Analytics, By Organization Size
10.5.5 Rest of the World Procurement Analytics, By Service
11. Competitive Insights
11.1 Key Insights
11.2 Company Market Share Analysis
11.3 Strategic Outlook
11.3.1 Mergers & Acquisitions
11.3.2 New Product Development
11.3.3 Portfolio/Production Capacity Expansions
11.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
11.3.5 Others
12. Company Profiles
12.1 Oracle Co
12.1.1 Company Overview
12.1.2 Product/Service Landscape
12.1.3 Financial Overview
12.1.4 Recent Developments
12.2 Coupa Software
12.2.1 Company Overview
12.2.2 Product/Service Landscape
12.2.3 Financial Overview
12.2.4 Recent Developments
12.3 BRIDGEi2i
12.3.1 Company Overview
12.3.2 Product/Service Landscape
12.3.3 Financial Overview
12.3.4 Recent Developments
12.4 Rosslyn Data Technologies
12.4.1 Company Overview
12.4.2 Product/Service Landscape
12.4.3 Financial Overview
12.4.4 Recent Developments
12.5 SAP
12.5.1 Company Overview
12.5.2 Product/Service Landscape
12.5.3 Financial Overview
12.5.4 Recent Developments
12.6 SAS Institute Inc.
12.6.1 Company Overview
12.6.2 Product/Service Landscape
12.6.3 Financial Overview
12.6.4 Recent Developments
12.7 JAGGAER
12.7.1 Company Overview
12.7.2 Product/Service Landscape
12.7.3 Financial Overview
12.7.4 Recent Developments
12.8 Genpact
12.8.1 Company Overview
12.8.2 Product/Service Landscape
12.8.3 Financial Overview
12.8.4 Recent Developments
12.9 Zycus
12.9.1 Company Overview
12.9.2 Product/Service Landscape
12.9.3 Financial Overview
12.9.4 Recent Developments
12.10 Proactis
12.10.1 Company Overview
12.10.2 Product/Service Landscape
12.10.3 Financial Overview
12.10.4 Recent Developments
The Procurement Analytics Market has been segmented as below:
Procurement Analytics Market, By Application Area
Procurement Analytics Market, By Deployment
Procurement Analytics Market, By End-User Industry
Procurement Analytics Market, By Organization Size
Procurement Analytics Market, By Service
Procurement Analytics Market, By Region
Procurement Analytics Market, By Company
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