Procurement Analytics Market Growth New Business Opportunities and Challenges, Upcoming Trends, Future Planning & Forecast to 2028
Global Procurement Analytics Market,
By Component (Solutions, Services), Deployment Model (0n-Premises, Cloud),
Organization Size (Small and Medium-Sized Enterprises, Large Enterprises),
Application Area (Supply Chain Analytics, Risk Analytics, Spend Analytics,
Demand Forecasting, Contract Management, Vendor Management), 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), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest
of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium,
Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea,
Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of
Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle
East and Africa) Industry Trends and Forecast to 2028.
The rising focus on enhancing procurement channels’
operational efficiencies have been directly influencing the growth of
procurement analytics market over the forecast period of 2021 to 2028. Also the
impending need to handle compliance polices and contracts as well as
organizations’ struggle to maintain their position in the competitive
environment are also flourishing the growth of the procurement analytics
market. Also the rapid technological developments such as the internet of
things ( IoT) and cognitive computing is also positively impacting the growth
of the market. Furthermore, the rising need for highly efficient procurement
solutions to improve operational performance is also acting as an active growth
driver towards the growth of the procurement analytics market. Moreover, the
high demand for cloud-based procurement solutions and increasing demand for
data-driven solutions are creating a huge demand for procurement analytics as
well as lifting the growth of the procurement analytics market. However, the
rising concerns over data security across enterprises as well as the
various complexities in streamlining the processes and concerns regarding data
privacy are acting as the major restrictions for the growth of procurement
analytics in the above mentioned forecasted period, whereas the dearth of
analytical expertise and unwillingness to adopt advanced analytical
technologies can challenge the procurement analytics market growth in the
forecast period of 2021 to 2028. Likewise, the introduction of machine
learning and artificial intelligence in procurement process along with
increasing demand for cloud-based analytical solutions will further cater ample
new opportunities that will lead to the growth of the procurement analytics
market in the above mentioned forecasted period.
Procurement analytics market size
is valued at USD 165.05 billion by 2028 and is expected to grow at a compound
annual growth rate of 22.35% in the forecast period of 2021 to 2028. Data
Bridge Market Research report on procurement analytics provides analysis and
insights regarding the various factors expected to be prevalent throughout the
forecasted period while providing their impacts on the market’s growth.
Procurement analytics is a type of a technique which is used to get useful
information and conclusion from the data which will help the company to make
right decisions and develop their business. It generally uses the data of the
historic year so that it can analyze it and foresee the future trends. These
methods help the business to decrease their operation cost, save money and decrease
the risk factors.This procurement analytics market report provides details of
new recent developments, trade regulations, import export analysis, production
analysis, value chain optimization, market share, impact of domestic and
localized market players, analyses opportunities in terms of emerging revenue
pockets, changes in market regulations, strategic market growth analysis,
market size, category market growths, application niches and dominance, product
approvals, product launches, geographic expansions, technological innovations
in the market. To gain more info on procurement analytics market contact Data
Bridge Market Research for an Analyst Brief, our team will help you
take an informed market decision to achieve market growth.
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Procurement
Analytics Market Scope and Market Size:
Procurement analytics market is segmented on the basis of
component, deployment model, organization size, application area and end user.
The growth among segments helps you analyze niche pockets of growth and
strategies to approach the market and determine your core application areas and
the difference in your target markets.
The component segment of the procurement analytics market
is segmented into solutions and services.
Services have further been segmented into professional services and managed
services. Professional services have further been sub-segmented into training
and education, consulting, integration and deployment and support and
maintenance.
On the basis of deployment model, the procurement
analytics market is segmented into on-premises and cloud.
Procurement analytics market is segmented on the basis of
organization size into small and medium-sized enterprises and large
enterprises.
Based on application area, the procurement analytics
market is segmented into supply chain analytics, risk analytics, spend
analytics, demand forecasting, contract management and vendor management.
On the basis of end user, the procurement analytics
market is segmented into retail and e-commerce, manufacturing, government and
defense, healthcare and life sciences, telecom and it, energy and utilities,
banking, financial services, and insurance and others.
Market
Competitors:
The major players covered in the procurement analytics
market report are SAP SE, Oracle, SAS Institute Inc, Coupa Software Inc.,
BRIDGEi2i Analytics, Rosslyn Data Technologies, JAGGAER, Zycus Inc, Genpact,
Proactis Holdings Plc, BirchStreet Systems, LLC, Tamr, Sievo, Tungsten Network,
Dataction, IBM, Simfoni, Cisco Systems, Inc., Microsoft, and Amazon
Web Services, Inc., among other domestic and global players. Market share data
is available for global, North America, Europe, Asia-Pacific (APAC), Middle
East and Africa (MEA) and South America separately. DBMR analysts understand
competitive strengths and provide competitive analysis for each competitor
separately.
Key Pointers Covered in
the Procurement
Analytics Market:
Market New Sales Volumes
Market Replacement Sales Volumes
Market Installed Base
Market by Brands
Market Procedure Volumes
Market Product Price Analysis
Market Healthcare Outcomes
Market Cost of Care Analysis
Market Regulatory Framework and Changes
Prices and Reimbursement Analysis
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study
MAJOR TOC OF THE
REPORT:
Chapter One: Procurement Analytics Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Procurement Analytics Market
Competition, by Players
Chapter Four: Procurement Analytics Market Size by
Regions
Chapter Five: Procurement Analytics Market Revenue by
Countries
Chapter Six: Procurement Analytics Market Revenue by Type
Chapter Seven: Procurement Analytics Market Revenue
by Application
Chapter Eight: Procurement Analytics Market Revenue by
Industries
Chapter Nine: Procurement Analytics Market Revenue by
Deployment Model
Chapter Ten: Procurement Analytics Market Revenue by End User
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Request @ https://www.databridgemarketresearch.com/toc/?dbmr=global-procurement-analytics-market
Reasons for buying
this Procurement Analytics Market Report:
Laser Capture Procurement Analytics Market report aids in
understanding the crucial product segments and their perspective.
Initial graphics and exemplified that a SWOT evaluation
of large sections supplied from the Laser Capture Procurement Analytics Market
industry.
Even the Laser Capture Procurement Analytics Market
economy provides pin line evaluation of changing competition dynamics and
retains you facing opponents.
This report provides a more rapid standpoint on various
driving facets or controlling Medical Robotic System promote advantage.
This worldwide Locomotive report provides a pinpoint test
for shifting dynamics that are competitive.
The key questions
answered in this report:
What will be the Market Size and Growth Rate in the
forecast year?
What is the Key Factors driving Laser Procurement
Analytics Market?
What are the Risks and Challenges in front of the market?
Who are the Key Vendors in Procurement Analytics Market?
What are the Trending Factors influencing the market
shares?
What is the Key Outcomes of Porter’s five forces model
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