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Procurement Analytics Market Valuation – 2024-2031

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Procurement Analytics Market: Definition/ Overview

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What's inside a TRI industry report?

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What Factors Contribute to the Growth of the Procurement Analytics Market?

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What are the Challenges that Hinder the Demand for the Procurement Analytics?

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Category-Wise Acumens

How Does the Demand for Greater Transparency Propel the Demand for Supply Chain Management?

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What are the Factors that Contribute to the Demand in the Retail and E-commerce Sector?

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Country/Region-wise Acumens

How Does Advanced Technological Infrastructure Contribute to the Dominance of North America?

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What are the Key Drivers Influencing the Adoption of Procurement Analytics in the Asia Pacific?

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Competitive Landscape

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Latest Developments

Report Scope

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Procurement Analytics Market, By Category

Component:

Deployment Mode:

Organization Size:

Application:

End-User Industry:

Region:

Research Methodology of The Research Insights:

Reasons to Purchase this Report:

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors • Provision of market value (USD Billion) data for each segment and sub-segment • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled • Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players • The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions • Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis • Provides insight into the market through Value Chain • Market dynamics scenario, along with growth opportunities of the market in the years to come • 6-month post-sales analyst support

Pivotal Questions Answered in the Study

Which are the prominent players operating in the procurement analytics market?

What is the primary factor driving the procurement analytics market?

What is the expected CAGR of the procurement analytics market during the forecast period?

What was the estimated market size in 2024?

How can I get a sample report/company profiles for the Procurement Analytics Market?

Frequently Asked Questions About This Report

1Which are the prominent players operating in the procurement analytics market?

Some of the key players leading in the market include SAP SE, Oracle Corporation, SAS Institute, Inc., IBM Corporation, Coupa Software, Inc., Zycus, Inc., Jaggaer, Inc., and Genpact Limited.

2What is the primary factor driving the procurement analytics market?

The growing need for data-driven insights to improve decision-making is the major factor driving the procurement analytics market.

3What is the expected CAGR of the procurement analytics market during the forecast period?

The procurement analytics market is estimated to grow at a CAGR of 25.21% during the forecast period.

4What was the estimated market size in 2024?

The procurement analytics market was valued at around USD 4.85 Billion in 2024.

5How can I get a sample report/company profiles for the Procurement Analytics Market?

The sample report for the Procurement Analytics Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.


1. Introduction

• Market Definition

• Market Segmentation

• Research Methodology
2. Executive Summary

• Key Findings

• Market Overview

• Market Highlights
3. Market Overview

• Market Size and Growth Potential

• Market Trends

• Market Drivers

• Market Restraints

• Market Opportunities

• Porter's Five Forces Analysis
4. Procurement Analytics Market, By Mode of Deployment

• On-Premises

• Cloud-based
5. Procurement Analytics Market, By Size of Organization

• Small and Medium-sized Enterprises (SMEs)

• Large Enterprises
6. Procurement Analytics Market, By Type of Solution

• Descriptive analytics

• Predictive Analytics

• Prescriptive analytics
7. Regional Analysis

• North America

• United States

• Canada

• Mexico

• Europe

• United Kingdom

• Germany

• France

• Italy

• Asia-Pacific

• China

• Japan

• India

• Australia

• Latin America

• Brazil

• Argentina

• Chile

• Middle East and Africa

• South Africa

• Saudi Arabia

• UAE
8. Market Dynamics

• Market Drivers

• Market Restraints

• Market Opportunities

• Impact of COVID-19 on the Market
9. Competitive Landscape

• Key Players

• Market Share Analysis
10. Company Profiles

• SAP

• Oracle

• IBM

• Coupa Software Inc.

• Jaggaer

• Zycus

• GEP

• Rosslyn Data Technologies

• Ivalua

• Tamr
11. Market Outlook and Opportunities

• Emerging Technologies

• Future Market Trends

• Investment Opportunities
12. Appendix

• List of Abbreviations

• Sources and References

The research starts with the extensive procurement process of data/information and statistics from company annual reports, government websites, statistics agencies, and paid databases. This information creates a base for the study. The information also helps to define the scope and to narrow down the area for study for the market. This raw information is processed and analyzed to extract crisp data points which currently affect or are likely to affect the industry during the forecast period. After analyzing the information, a proprietary statistical tool is used for market estimation and forecast, which generates the quantitative figures of the market/sub-segments in the current scenario as well as for the forecast period. After estimating the markets and estimates, the numbers are verified with industry participants and key opinion leaders. The wide network of industry participants add value to the research and verify the numbers and estimates provided in the study. At the last stage of the research process, a final report is prepared, which is then published on different websites as well as distributed through various channels. The below figure contains the different stages of the research process to produce the report.

1.1 DATA MINING

Data mining is an extensive part of our research process. It involves the procurement of market data and related information from different verified and credible sources. This step helps to obtain raw information about the industry and their Drivetrain, the monetary process for different end uses, the pool of market participants, and the nature of the industry and scope of the study. The data mining stage comprises both primary and secondary sources of information.

1.2 SECONDARY RESEARCH

In the secondary research process, various sources are used to identify and gather industry trends and information for the research process. We at TRI have access to some of the most diversified and extensive paid databases, which give us the most accurate data/information on markets Customers, and pricing. Mentioned below is a detailed list of sources that have been used for this study. Please note that this list is not limited to the names as mentioned; we also access other data sources depending on the need.

1.3 PRIMARY RESEARCH

In the primary research process, in-depth primary interviews are conducted with the CXOs to understand the market share, customer base, pricing strategies, channel partners, and other necessary information. Besides, in-depth primary interviews are conducted with the CXOs of vendors, channel partners, and others to validate the supply-side information. In addition, various key industry participants from both the supply and demand side are interviewed to obtain qualitative and quantitative information on the market. In-depth interviews with key primary respondents, including industry professionals, subject matter experts (Corporates), industry consultants, and C-Component executives of major companies, are conducted to obtain critical qualitative and quantitative information pertaining to the market, as well as to assess the prospects for market growth during the forecast period. Detailed information on these primary respondents is mentioned below.

1.4 FORCASTING TECHNIQUES

We at Markstats Research Insights Private Limited follow an extensive process for arriving at market estimations, which involves the use of multiple forecasting techniques as mentioned below.