Global procurement analytics market would thus note a steady growth over the forecast period of 2020 – 2025. The robust CAGR (Compound Annual Rate Growth) will chart an upward growth curve and create lucrative growth opportunities in the global Procurement analytics market. In, turn, this will lead to improvement […]
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Global procurement analytics market would thus note a steady growth over the forecast period of 2020 - 2025. The robust CAGR (Compound Annual Rate Growth) will chart an upward growth curve and create lucrative growth opportunities in the global Procurement analytics market. In, turn, this will lead to improvement in market worth.
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Global Procurement Analytics Market: Notable Development
Global procurement analytics market is set to witness growth and a number of notable developments are paving the way for the same. The competitive landscape is also duly impacted by these developments. A deep dive can be had a published report by Adroit Market Research.
The global procurement analytics market is highly consolidated. And, key players in the global procurement analytics market are Oracle, SAS, SAP, Coupa Software, Genpact, Proactis, BirchStreet, Simfoni, BRIDGEi2i, Rosslyn Data Technologies, JAGGAER, Zycus, Others.
Global Procurement Analytics Market: Key trends and driver
Global procurement analytics market is driven by rapid growth in technology and automation across various industry verticals. Growing digitization and the growing need for data-driven solutions for multiple entities to make better decisions based on facts and historical statistics also expected to drive the global procurement analytics market around the world. Procurement analytics plays a vital role in several end-use industries, as it helps to reduce operating and capital costs and raise return on investment (ROI) that further increase the market demand.
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Global Procurement Analytics Market: Regional Analysis
Geographic regions included in the global procurement analytics market study are North America, Europe, Asia Pacific, South America, and Middle East & Africa along with its major countries. Among these, North America is expected to hold the largest share in the global procurement analytics market in a given forecasted period. Major factors expected to drive global procurement analytics market growth in the region are increased adoption of emerging technologies such as cloud computing, the Internet of Things (IoT), and increasing need for an efficient supply chain, and demand for intelligent procurement processes. The Asia Pacific will be the fastest-growing region in the procurement analytics market due to the increasing demand for predictive analytics in emerging economies such as India, China, etc.
Market Segments: Procurement Analytics Market
o By Component
o By Application
o Spend Analytics
o Vendor Management
o Contract Management
o Risk Analytics
o Supply Chain Analytics
o Demand Forecasting
o By Enterprise Size
o Large Enterprises
o By Region (tentative)
o North America
o Asia Pacific
? South Korea
? South-East Asia
o The Middle East and Africa
? Saudi Arabia
o South America
For Any Query on the Procurement Analytics Market:
Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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