Procurement Analytics Market is expected to reach US $ 10.37 Bn by 2029, at a CAGR of 20.4% during the forecast period.

Procurement Analytics Market Overview:

A new report from the international market research company Maximize Market Research highlights the significant growth prospects for Procurement Analytics market suppliers through 2029. Together with a list of important players and their business strategies, the report covers the global Procurement Analytics market's growth drivers, significant constraints, impending challenges, and current opportunities.

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Procurement Analytics Market Report Scope and Research Methodology:

The process of gathering and evaluating procurement data in order to derive actionable insights and facilitate efficient business decision-making is known as procurement analytics. Typically, procurement analysis entails gathering information from several source systems, categorizing it according to common or use-case-specific taxonomies, and presenting it using business intelligence tools or a visualization dashboard. 

Procurement Analytics Market Dynamics: 

But over the course of the forecast period, factors like growing concerns about data security among Small and Medium Enterprises (SMEs), difficulties streamlining processes and worries about data privacy, a lack of analytical expertise, and a reluctance to adopt advanced analytical technologies are impeding the market's growth.

Procurement Analytics Market Regional Insights

The report contains a comprehensive analysis of the Procurement Analytics market broken down by region, covering market dynamics, regional market structure, and major players in each area. North America, Asia-Pacific, Europe, Latin America, the Middle East, and Africa are the regions.

Procurement Analytics Market Segmentation: 

by Components

Solutions
Services

by Application

Supply Chain Analytics
Risk Analytics
Spend Analytics
Demand Forecasting
Contract Management
Vendor Management

by Organization Size

Small and Medium Enterprise (SME)
Large Enterprises

by End User

Banking, Financial Services, and Insurance
Government and Defence
Retail and eCommerce
Healthcare and Lifesciences
Telecom and IT
Energy and Utilities
Manufacturing
Others (Media and Entertainment, Transportation and Logistics, Real Estate and Construction, and Education)

Procurement Analytics Market Key Players: 

1. SAP (Germany)
2. Oracle (US)
3. SAS (US)
4. IBM (US)
5. Coupa Software (US)
6. Zycus (US)
7. BRIDGEi2i Analytics (India)
8. JAGGAER (US)
9. Rosslyn Data Technologies (England)
10.Genpact (UK)
11.Tamr (US)
12.Simfoni (US)
13.BirchStreet (US)
14.Proactis (UK)
15.Sievo (Finland)
16.Tungsten Network
17.Dataction
18.Simfoni
19.Cisco Systems, Inc.
20.Amazon Web Services, Inc.

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Key Questions answered in the Procurement Analytics Market Report are:

• What is the projected size of the Procurement Analytics market by the year 2029?
• How are the primary segments within the global Procurement Analytics market expected to evolve throughout the forecast period?
• Who are the leading suppliers and producers in the Procurement Analytics industry?
• What is the estimated Procurement Analytics market size at the end of the forecast period?
• Which regional market boasted the largest share of the Procurement Analytics market in the base year (2022)?
• Who are the pivotal players within the Procurement Analytics industry?
• What are the identifiable segments within the Procurement Analytics market?
• Among the Procurement Analytics market segments, which one is anticipated to exhibit substantial growth during the forecast period?

Key Offerings:

• Historical Overview of Market Size and Competitive Landscape (2018 to 2022)
• Historical Pricing and Price Trends Across Regions (2018 to 2022)
• Market Size, Share, and Forecast for Various Segments (2023−2029)
• Market Dynamics: Examination of Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Comprehensive Market Segmentation: In-depth Analysis by Application, Technology, Type, End-User, and Region
• Competitive Landscape – Profiles of selected key players by region in a strategic perspective
• Competitive landscape – Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value Chain and Supply Chain Analysis
• Legal Aspects of Business Across Regions
• Identification of Lucrative Business Opportunities through SWOT Analysis
• Recommendations for Strategic Decision-making

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About Maximize Market Research:

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