Procurement Analytics Market
Procurement Analytics Market size is expected to grow from USD 1.6 billion in 2018 to USD 4.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 20% during the forecast period.
Improving operational efficiency of procurement channels, the desperate need for compliance policies and contract handling, and the organization’s struggle to maintain its position in a competitive environment are the major drivers of the Procurement Analytics market. The services sector market is growing as individuals, small and medium-sized businesses (SMEs) and large enterprises adopt services to increase productivity.
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Major vendors offering procurement analytics services across the globe include SAP (Germany), Oracle (US), SAS (US), IBM (US, Coupa Software (US), Zycus(US), BRIDGEi2i Analytics (India), JAGGAER (US), Rosslyn Data Technologies (England), Genpact (UK), Tamr (US), Simfoni (US), BirchStreet (US), Proactis (UK), and Sievo (Finland).
Based on Organization Size, the procurement analytics market has the following segments
• SMEs
• Large Enterprises
Based on deployment type, the procurement analytics market has the following segments
• Cloud
• On-premises
A full report of Global Procurement Analytics Market is available at: https://www.orionmarketreports.com/procurement-analytics-2-market/26452/
Scope of the Report
The research study analyzes the global Procurement Analytics industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Procurement Analytics Market Report
1. What was the Procurement Analytics Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
2. What will be the CAGR of Procurement Analytics Market during the forecast period (2019-2025)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2019-2025).
4. Which manufacturer/vendor/players in the Procurement Analytics Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
This release was published on openPR.
