Procurement Analytics Market Competitive Insights, Growth, Size, Share, Demand Analysis And Key Players Are SAP, Oracle, Coupa Software, Genpact, Rosslyn Data Technologies

The global procurement analytics market report by the business research company Growth in e-commerce and the organized retail industry to be a major growth driver for the procurement analytics market. E-commerce refers to a medium used by customers and vendors to buy or sell goods and services over the Internet from websites, applications, and others through computers, tablets, smartphones, and other smart devices. Procurement analytics is widely used by e-commerce giants and organized retail stores, as it offers data-driven analysis of customer behaviours and spending analysis. For instance, in Dec 2021, according to the Indian brand equity foundation, e-commerce turnover in India reached $50 billion in 2020 and evolved as the eighth-largest market for e-commerce across the globe, and it is predicted to reach $350 billion by 2030. Thus, an increase in the usage of e-commerce and the organized retail industry is expected to boost demand for procurement analytics during the forecast period

The global procurement analytics market size is expected to grow from $3.41 billion in 2021 to $4.07 billion in 2022 at a compound annual growth rate (CAGR) of 19.40%. The global procurement analytics market size is expected to grow to $8.36 billion in 2026 at a compound annual growth rate (CAGR) of 19.71%.

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North America was the largest region in the procurement analytics market in 2021 and is also expected to be the fastest-growing region in the global procurement analytics market during the forecast period. The regions covered in the global procurement analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Major players in the procurement analytics market are SAP, Oracle, Coupa Software, Genpact, Rosslyn Data Technologies, IBM, Cisco, Microsoft Corp, BirchStreet Systems LLC, Sievo, Corcentric, Zycus, Amazon Web Services, Inc, and JAGGAER LLC.

The global procurement analytics market is segmented -
1) By Component: Solutions, Services
2) By Deployment Mode: Cloud, On-Premises
3) By End User: Retail and E-commerce, Manufacturing, Government and Defense, Healthcare and Life Sciences, Telecom and IT, Energy and Utilities, Banking, Financial Services, and Insurance, Others
4) By Application: Supply Chain Analytics, Risk Analytics, Spend Analytics, Demand Forecasting, Contract Management, Vendor Management, Category Management

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The Procurement analytics market Report Contents Include
1. Executive Summary
2. Procurement Analytics Market Characteristics
3. Procurement Analytics Market Trends And Strategies
4. Impact Of COVID-19 On Procurement Analytics
5. Procurement Analytics Market Size And Growth
........
26. Africa Procurement Analytics Market
27. Procurement Analytics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Procurement Analytics Market
29. Procurement Analytics Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the procurement analytics market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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