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Procurement Analytics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published May 01, 2024
Length 160 Pages
SKU # FOB18813003

Description

Procurement Analytics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Procurement Analytic Market

The procurement analytic size was valued at USD 4.03 billion in 2023, and the market is now projected to grow from USD 4.86 billion in 2024 to USD 22.20 billion by 2032, exhibiting a CAGR of 20.9% during the forecast period of 2024-2032.

The COVID-19 pandemic disrupted procurement and supply chain operations, prompting companies global to evaluate and solve those challenges. Procurement analytics corporations and suppliers collaborated through innovation applications, identifying new sales and profit opportunities. This collaboration facilitated better decision-making, optimized deliver chains, and progressed normal resilience against future disruptions. Consequently, the pandemic spurred advancements in procurement techniques and supply chain management practices.

The marketplace is driven by means of a change within the deployment of purchaser intelligence, serving as a game changer for organizations searching for to make clever buying decisions. This advancement permits procurement agencies to optimize prices, mitigate dangers, and develop strategic partnerships with suppliers. By leveraging customer intelligence, these businesses can make sure lengthy-time period sustainable advantages in public procurement, enhancing their capacity to make informed, strategic choices that drive efficiency and price across their operations.

Businesses are increasingly more adopting strategic sourcing tools, predictive analytics, and supplier collaboration equipment to speed up the procurement manner and improve productivity. The integration of digitization and automation optimizes procurement for optimum accuracy and efficiency, remodeling it right into a strategic function that drives increase and enhances purchaser satisfaction. Consequently, both big and small companies are forced to adopt digital procurement automation equipment to remain revolutionary and competitive.

Comprehensive Analysis of Procurement Analytics Market

The procurement analytics market growth is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by deployment mode analysis, by application analysis and by enterprise type analysis. By deployment mode analysis includes, on-premise and cloud. By application analysis includes supply chain management, risk analytics; spend analytics, vendor management, contract management, and others and by enterprise type analysis include, small & medium enterprises (SMEs) and large enterprises.

The North America region lead the procurement analytics market share by benefitting a market size of USD 1.49 billion in 2023 due to the early adoption of technologies such as analytics and the digitization of processes in the region.

The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, CCL Industries Inc., 3M Company, Zebra Technologies Corporation, SML Group, SICPA HOLDING SA., Avery Dennison Corporation, AlpVision, Authentix, BrandWatch Technologies, and Impinj, Inc SAP (Germany), Oracle Corporation (U.S.), SAS Institute (U.S.), GEP (U.S.), Coupa Software Inc. (U.S.), Rosslyn Data Technologies Plc (U.K.), Simfoni (U.S.), JAGGAER (U.S.), Corcentric, Inc. (U.S.), Ivalua Inc. (France), these market players provide a level-playing competitive landscape.

In December 2023, Corcentric and International Motorcoach Group, a North American motorcoach operator network, announced that Corcentric’s Fleet Procurement Services through IMG’s procurement spending has risen to pre-COVID-19 levels.

Segmentation Table

Attribute Details

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 20.9% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Deployment Mode

On-Premise

Cloud

By Application

Supply Chain Management

Risk Analytics

Spend Analytics

Vendor Management

Contract Management

Others (Performance Management, Transaction Management, and Others)

By Enterprise Type

Large Enterprises

Small & Medium Enterprises (SMEs)

By End-user

Manufacturing

Retail and Consumer Goods

BFSI

Transportation and Logistics

Healthcare and Life Sciences

Others (IT and Telecom, Energy and Utilities, and Others)

By Region

North America (By Deployment Mode, Application, Enterprise Type, End-user, and Country)

- U.S. (By End-user)

- Canada (By End-user)

- Mexico (By End-user)

South America (By Deployment Mode, Application, Enterprise Type, End-user, and Country)

- Brazil (By End-user)

- Argentina (By End-user)

- Rest of South America

Europe (By Deployment Mode, Application, Enterprise Type, End-user, and Country)

- U.K. (By End-user)

- Germany (By End-user)

- France (By End-user)

- Italy (By End-user)

- Spain (By End-user)

- Russia (By End-user)

- Benelux (By End-user)

- Nordics (By End-user)

- Rest of Europe

Middle East & Africa (By Deployment Mode, Application, Enterprise Type, End-user, and Country)

- Turkey (By End-user)

- Israel (By End-user)

- GCC (By End-user)

- North Africa (By End-user)

- South Africa (By End-user)

- Rest of the Middle East & Africa

Asia Pacific (By Deployment Mode, Application, Enterprise Type, End-user, and Country)

- China (By End-user)

- Japan (By End-user)

- India (By End-user)

- South Korea (By End-user)

- ASEAN (By End-user)

- Oceania (By End-user)

- Rest of Asia Pacific


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Table of Contents

160 Pages
1. Introduction
1.1. Definition, By Segment
1.2. Research Methodology/Approach
1.3. Data Sources
2. Executive Summary
3. Market Dynamics
3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Procurement Analytics Key Players Market Share/Ranking, 2023
5. Global Procurement Analytics Market Size Estimates and Forecasts, By Segments, 2019-2032
5.1. Key Findings
5.2. By Deployment Mode (USD)
5.2.1. On-Premise
5.2.2. Cloud
5.3. By Application (USD)
5.3.1. Supply Chain Management
5.3.2. Risk Analytics
5.3.3. Spend Analytics
5.3.4. Vendor Management
5.3.5. Contract Management
5.3.6. Others (Performance Management, Transaction Management, etc.)
5.4. By Enterprise Type (USD)
5.4.1. Large Enterprises
5.4.2. Small & Medium Enterprises (SMEs)
5.5. By End-Users (USD)
5.5.1. Manufacturing
5.5.2. Retail and Consumer Goods
5.5.3. BFSI
5.5.4. Transportation and Logistics
5.5.5. Healthcare and Life Sciences
5.5.6. Others (IT and Telecom, Energy and Utilities, etc.)
5.6. By Region (USD)
5.6.1. North America
5.6.2. South America
5.6.3. Europe
5.6.4. Middle East & Africa
5.6.5. Asia Pacific
6. North America Procurement Analytics Market Size Estimates and Forecasts, By Segments, 2019-2032
6.1. Key Findings
6.2. By Deployment Mode (USD)
6.2.1. On-Premise
6.2.2. Cloud
6.3. By Application (USD)
6.3.1. Supply Chain Management
6.3.2. Risk Analytics
6.3.3. Spend Analytics
6.3.4. Vendor Management
6.3.5. Contract Management
6.3.6. Others (Performance Management, Transaction Management, etc.)
6.4. By Enterprise Type (USD)
6.4.1. Large Enterprises
6.4.2. Small & Medium Enterprises (SMEs)
6.5. By End-Users (USD)
6.5.1. Manufacturing
6.5.2. Retail and Consumer Goods
6.5.3. BFSI
6.5.4. Transportation and Logistics
6.5.5. Healthcare and Life Sciences
6.5.6. Others (IT and Telecom, Energy and Utilities, etc.)
6.6. By Country (USD)
6.6.1. U.S.
6.6.1.1. By End-Users
6.6.2. Canada
6.6.2.1. By End-Users
6.6.3. Mexico
6.6.3.1. By End-Users
7. South America Procurement Analytics Market Size Estimates and Forecasts, By Segments, 2019-2032
7.1. Key Findings
7.2. By Deployment Mode (USD)
7.2.1. On-Premise
7.2.2. Cloud
7.3. By Application (USD)
7.3.1. Supply Chain Management
7.3.2. Risk Analytics
7.3.3. Spend Analytics
7.3.4. Vendor Management
7.3.5. Contract Management
7.3.6. Others (Performance Management, Transaction Management, etc.)
7.4. By Enterprise Type (USD)
7.4.1. Large Enterprises
7.4.2. Small & Medium Enterprises (SMEs)
7.5. By End-Users (USD)
7.5.1. Manufacturing
7.5.2. Retail and Consumer Goods
7.5.3. BFSI
7.5.4. Transportation and Logistics
7.5.5. Healthcare and Life Sciences
7.5.6. Others (IT and Telecom, Energy and Utilities, etc.)
7.6. By Country (USD)
7.6.1. Brazil
7.6.1.1. By End-Users
7.6.2. Argentina
7.6.2.1. By End-Users
7.6.3. Rest of South America
8. Europe Procurement Analytics Market Size Estimates and Forecasts, By Segments, 2019-2032
8.1. Key Findings
8.2. By Deployment Mode (USD)
8.2.1. On-Premise
8.2.2. Cloud
8.3. By Application (USD)
8.3.1. Supply Chain Management
8.3.2. Risk Analytics
8.3.3. Spend Analytics
8.3.4. Vendor Management
8.3.5. Contract Management
8.3.6. Others (Performance Management, Transaction Management, etc.)
8.4. By Enterprise Type (USD)
8.4.1. Large Enterprises
8.4.2. Small & Medium Enterprises (SMEs)
8.5. By End-Users (USD)
8.5.1. Manufacturing
8.5.2. Retail and Consumer Goods
8.5.3. BFSI
8.5.4. Transportation and Logistics
8.5.5. Healthcare and Life Sciences
8.5.6. Others (IT and Telecom, Energy and Utilities, etc.)
8.6. By Country (USD)
8.6.1. U.K.
8.6.1.1. By End-Users
8.6.2. Germany
8.6.2.1. By End-Users
8.6.3. France
8.6.3.1. By End-Users
8.6.4. Italy
8.6.4.1. By End-Users
8.6.5. Spain
8.6.5.1. By End-Users
8.6.6. Russia
8.6.6.1. By End-Users
8.6.7. Benelux
8.6.7.1. By End-Users
8.6.8. Nordics
8.6.8.1. By End-Users
8.6.9. Rest of Europe
9. Middle East & Africa Procurement Analytics Market Size Estimates and Forecasts, By Segments, 2019-2032
9.1. Key Findings
9.2. By Deployment Mode (USD)
9.2.1. On-Premise
9.2.2. Cloud
9.3. By Application (USD)
9.3.1. Supply Chain Management
9.3.2. Risk Analytics
9.3.3. Spend Analytics
9.3.4. Vendor Management
9.3.5. Contract Management
9.3.6. Others (Performance Management, Transaction Management, etc.)
9.4. By Enterprise Type (USD)
9.4.1. Large Enterprises
9.4.2. Small & Medium Enterprises (SMEs)
9.5. By End-Users (USD)
9.5.1. Manufacturing
9.5.2. Retail and Consumer Goods
9.5.3. BFSI
9.5.4. Transportation and Logistics
9.5.5. Healthcare and Life Sciences
9.5.6. Others (IT and Telecom, Energy and Utilities, etc.)
9.6. By Country (USD)
9.6.1. Turkey
9.6.1.1. By End-Users
9.6.2. Israel
9.6.2.1. By End-Users
9.6.3. GCC
9.6.3.1. By End-Users
9.6.4. North Africa
9.6.4.1. By End-Users
9.6.5. South Africa
9.6.5.1. By End-Users
9.6.6. Rest of Middle East & Africa
10. Asia Pacific Procurement Analytics Market Size Estimates and Forecasts, By Segments, 2019-2032
10.1. Key Findings
10.2. By Deployment Mode (USD)
10.2.1. On-Premise
10.2.2. Cloud
10.3. By Application (USD)
10.3.1. Supply Chain Management
10.3.2. Risk Analytics
10.3.3. Spend Analytics
10.3.4. Vendor Management
10.3.5. Contract Management
10.3.6. Others (Performance Management, Transaction Management, etc.)
10.4. By Enterprise Type (USD)
10.4.1. Large Enterprises
10.4.2. Small & Medium Enterprises (SMEs)
10.5. By End-Users (USD)
10.5.1. Manufacturing
10.5.2. Retail and Consumer Goods
10.5.3. BFSI
10.5.4. Transportation and Logistics
10.5.5. Healthcare and Life Sciences
10.5.6. Others (IT and Telecom, Energy and Utilities, etc.)
10.6. By Country (USD)
10.6.1. China
10.6.1.1. By End-Users
10.6.2. Japan
10.6.2.1. By End-Users
10.6.3. India
10.6.3.1. By End-Users
10.6.4. South Korea
10.6.4.1. By End-Users
10.6.5. ASEAN
10.6.5.1. By End-Users
10.6.6. Oceania
10.6.6.1. By End-Users
10.6.7. Rest of Asia Pacific
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
11.1. SAP
11.1.1. Overview
11.1.1.1. Key Management
11.1.1.2. Headquarters
11.1.1.3. Components/Business Segments
11.1.2. Key Details (Key details are consolidated data and not product/service specific)
11.1.2.1. Employee Size
11.1.2.2. Past and Current Revenue
11.1.2.3. Geographical Share
11.1.2.4. Business Segment Share
11.1.2.5. Recent Developments
11.2. Oracle Corporation
11.2.1. Overview
11.2.1.1. Key Management
11.2.1.2. Headquarters
11.2.1.3. Components/Business Segments
11.2.2. Key Details (Key details are consolidated data and not product/service specific)
11.2.2.1. Employee Size
11.2.2.2. Past and Current Revenue
11.2.2.3. Geographical Share
11.2.2.4. Business Segment Share
11.2.2.5. Recent Developments
11.3. SAS Institute
11.3.1. Overview
11.3.1.1. Key Management
11.3.1.2. Headquarters
11.3.1.3. Components/Business Segments
11.3.2. Key Details (Key details are consolidated data and not product/service specific)
11.3.2.1. Employee Size
11.3.2.2. Past and Current Revenue
11.3.2.3. Geographical Share
11.3.2.4. Business Segment Share
11.3.2.5. Recent Developments
11.4. GEP
11.4.1. Overview
11.4.1.1. Key Management
11.4.1.2. Headquarters
11.4.1.3. Components/Business Segments
11.4.2. Key Details (Key details are consolidated data and not product/service specific)
11.4.2.1. Employee Size
11.4.2.2. Past and Current Revenue
11.4.2.3. Geographical Share
11.4.2.4. Business Segment Share
11.4.2.5. Recent Developments
11.5. Coupa Software Inc.
11.5.1. Overview
11.5.1.1. Key Management
11.5.1.2. Headquarters
11.5.1.3. Components/Business Segments
11.5.2. Key Details (Key details are consolidated data and not product/service specific)
11.5.2.1. Employee Size
11.5.2.2. Past and Current Revenue
11.5.2.3. Geographical Share
11.5.2.4. Business Segment Share
11.5.2.5. Recent Developments
11.6. Rosslyn Data Technologies Plc
11.6.1. Overview
11.6.1.1. Key Management
11.6.1.2. Headquarters
11.6.1.3. Components/Business Segments
11.6.2. Key Details (Key details are consolidated data and not product/service specific)
11.6.2.1. Employee Size
11.6.2.2. Past and Current Revenue
11.6.2.3. Geographical Share
11.6.2.4. Business Segment Share
11.6.2.5. Recent Developments
11.7. Simfoni
11.7.1. Overview
11.7.1.1. Key Management
11.7.1.2. Headquarters
11.7.1.3. Components/Business Segments
11.7.2. Key Details (Key details are consolidated data and not product/service specific)
11.7.2.1. Employee Size
11.7.2.2. Past and Current Revenue
11.7.2.3. Geographical Share
11.7.2.4. Business Segment Share
11.7.2.5. Recent Developments
11.8. JAGGAER
11.8.1. Overview
11.8.1.1. Key Management
11.8.1.2. Headquarters
11.8.1.3. Components/Business Segments
11.8.2. Key Details (Key details are consolidated data and not product/service specific)
11.8.2.1. Employee Size
11.8.2.2. Past and Current Revenue
11.8.2.3. Geographical Share
11.8.2.4. Business Segment Share
11.8.2.5. Recent Developments
11.9. Corcentric, Inc.
11.9.1. Overview
11.9.1.1. Key Management
11.9.1.2. Headquarters
11.9.1.3. Components/Business Segments
11.9.2. Key Details (Key details are consolidated data and not product/service specific)
11.9.2.1. Employee Size
11.9.2.2. Past and Current Revenue
11.9.2.3. Geographical Share
11.9.2.4. Business Segment Share
11.9.2.5. Recent Developments
11.10. Ivalua Inc.
11.10.1. Overview
11.10.1.1. Key Management
11.10.1.2. Headquarters
11.10.1.3. Components/Business Segments
11.10.2. Key Details (Key details are consolidated data and not product/service specific)
11.10.2.1. Employee Size
11.10.2.2. Past and Current Revenue
11.10.2.3. Geographical Share
11.10.2.4. Business Segment Share
11.10.2.5. Recent Developments

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