Global Procurement Analytics Market 2021-2025

Global Procurement Analytics Market 2021-2025

Technavio has been monitoring the procurement analytics market and it is poised to grow by $ 2.30 bn during 2021-2025, decelerating at a CAGR of 15.62% during the forecast period. Our report on the procurement analytics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by growth in e-commerce and organized retail industry and the need to improve business efficiency. In addition, growth in e-commerce and organized retail industry is anticipated to boost the growth of the market as well.

The procurement analytics market analysis includes the deployment segment and geographic landscape.

Technavio's procurement analytics market is segmented as below:

By Deployment

• On-premises
• Cloud-based

By Geographical Landscape

• North America
• Europe
• APAC
• MEA
• South America

This study identifies the need to comply with regulatory requirementsas one of the prime reasons driving the procurement analytics market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on procurement analytics market covers the following areas:

• Procurement analytics market sizing
• Procurement analytics market forecast
• Procurement analytics market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading procurement analytics market vendors that include Accenture Plc, BirchStreet Systems LLC, Coupa Software Inc., Genpact Ltd., International Business Machines Corp., JAGGAER LLC, Oracle Corp., Proactis Holdings Plc, Rosslyn Data Technologies Plc, and SAS Institute Inc. Also, the procurement analytics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

Accenture Plc, BirchStreet Systems LLC, Coupa Software Inc., Genpact Ltd., International Business Machines Corp., JAGGAER LLC, Oracle Corp., Proactis Holdings Plc, Rosslyn Data Technologies Plc, SAS Institute Inc.