Procurement Analytics Market Size- By Component, By Deployment Mode, By Enterprise Size, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Procurement Analytics Market Size- By Component, By Deployment Mode, By Enterprise Size, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Procurement Analytics Market Introduction and Overview

According to SPER market research, ‘Procurement Analytics Market Size- By Component, By Deployment Mode, By Enterprise Size, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Procurement Analytics Market is predicted to reach USD 7.34 billion by 2033 with a CAGR of 22.11%.

The practice of utilizing quantitative and analytical techniques to mine the vast reservoir of procurement data in order to produce a set of useful insights that can boost productivity and enhance operations is known as procurement analytics. Organizations’ requirement for a consolidated perspective of procurement cost has led to the necessity for procurement analytics. Through one-off efforts like spend cubes and specialized solutions, procurement analytics has grown.

Businesses all throughout the world were analyzing and resolving the effects of COVID-19 on supply chain and procurement processes. All the organizations were impacted, but only a handful completely realized how disruptive this would be. In addition, the pandemic caused several procurement companies to lower their cost-reduction targets.

Scope of the Report:

Report Metric Details
Market size available for years 2019-2033
Base year considered 2022
Forecast period 2023-2033
Segments covered By Component, By Deployment Mode, By Enterprise Size, By Application, By End User.
Regions covered North America, Asia-Pacific, Latin America, Middle East & Africa and Europe

Companies Covered

Amazon Web Services (AWS), BirchStreet Systems, Cisco System, Inc., International Business Machine (IBM), Microsoft Corporation, Oracle Corporation, Rosslyn Data Technologies, Simfoni, Workday, Inc., Zycus Inc.

Procurement Analytics Market Key Segments Covered

By Component:Based on the Component, Global Procurement Analytics Market is segmented as; Services, Solutions.

By Deployment Mode:Based on the Deployment Mode, Global Procurement Analytics Market is segmented as; Cloud, On-Premise.

By Enterprise Size:Based on the Enterprise Size, Global Procurement Analytics Market is segmented as; Large Enterprise, SMEs.

By Application:Based on the Application, Global Procurement Analytics Market is segmented as; Category Management, Contract Management, Process Management, Spend Management, Strategic Sourcing, Transaction Management.