Procurement Analytics Market Research Report 2019 | Industry Analysis by Market Size, New Technologies, Incredible Growth Rate, and Future Forecast to 2023

Posted on Sep 12 2019 6:04 AM

"The report scrutinizes the market by an exhaustive analysis on Global Procurement Analytics Market dynamics, market size, current trends, issues, challenges, Forecasts, competition analysis, and companies involved. "

Global “Procurement Analytics Market” report provided deep analysis of the vendor landscape to give you a complete picture of current and future competitive scenarios of the global market. The market report elaborates the various affecting factors like market share, competitive intelligence and growth opportunity. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The Procurement Analytics market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. 

The global Procurement Analytics market to grow at a CAGR of almost 20%% during the period 2019-2023.

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About Procurement Analytics Market:

Procurement analysis solution analyzes quantitative data of procurement to derive outcomes from datasets and provide actionable insights. procurement analytics market analysis considers the deployment of on-premises procurement analytics and cloud-based procurement analytics.

Market Overview:

Need to improve business efficiency 

The increasing adoption of new technologies across the manufacturing and healthcare industries has led to the generation of a large amount of data. Enterprises are becoming aware of leveraging this data to optimize their procurement costs and increase their revenue using procurement analytics. This is helping organizations by creating growth opportunities by limiting errors and failure rates. The procurement analytics solutions help organizations in identifying risks and trends associated with businesses and accelerates the management and planning of complex contract and projects. Many such benefits offered by procurement analytics has increased their demand among organizations and is driving the growth of the global procurement analytics market size at a CAGR of almost 20% during the forecast period. 

Integration of artificial intelligence (AI) in procurement process 

Integration of AI in procurement process helps enterprises in making the process more efficient and provides enterprises a centralized view of their businesses. AI also notifies about the cost discrepancies, provide data about unusual order frequencies, and detect patterns that help enterprises in understanding potential frauds and identify top-performing trading partners and suppliers. The integration of AI in the procurement process will have a positive impact on the growth of the market.

Some Key Players of Global Procurement Analytics Market Are:

  • Coupa Software Inc.
  • IBM Corp.
  • Oracle Corp.
  • SAP SE
  • SAS Institute Inc.

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Regional Analysis:

  • Americas
  • APAC
  • EMEA

Highlights of the Procurement Analytics market report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Important Key questions answered in Procurement Analytics market report:

  • What will the market growth rate, Overview, and Analysis by Type of Procurement Analytics in 2023?
  • What are the key factors driving, Analysis by Applications and Countries Global industry?
  • What is Dynamics, This Overview Includes Analysis of Scope and price analysis of top Manufacturers Profiles?
  • Who are Opportunities, Risk and Driving Force of Procurement Analytics market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
  • Who are the key manufacturers in space? Business Overview by Type, Applications, Gross Margin and Market Share
  • What are the opportunities and threats faced by the manufacturers in the global market?

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Detailed TOC of Procurement Analytics Market Report 2019-2023:

PART 01: EXECUTIVE SUMMARY 

PART 02: SCOPE OF THE REPORT 

2.1 Preface 

2.2 Preface 

2.3 Currency conversion rates for US$ 

PART 03: MARKET LANDSCAPE 

Market ecosystem 

Market characteristics 

Market segmentation analysis 

PART 04: MARKET SIZING 

Market definition 

Market sizing 2018 

Market size and forecast 2018-2023 

PART 05: FIVE FORCES ANALYSIS 

Bargaining power of buyers 

Bargaining power of suppliers 

Threat of new entrants 

Threat of substitutes 

Threat of rivalry 

Market condition 

PART 06: MARKET SEGMENTATION BY DEPLOYMENT 

Market segmentation by deployment 

Comparison by deployment 

On-premises - Market size and forecast 2018-2023 

Cloud-based - Market size and forecast 2018-2023 

Market opportunity by deployment 

PART 07: CUSTOMER LANDSCAPE 

PART 08: GEOGRAPHIC LANDSCAPE 

Geographic segmentation 

Geographic comparison 

North America - Market size and forecast 2018-2023 

Europe - Market size and forecast 2018-2023 

APAC - Market size and forecast 2018-2023 

MEA - Market size and forecast 2018-2023 

South America - Market size and forecast 2018-2023 

Key leading countries 

Market opportunity 

PART 09: DECISION FRAMEWORK 

PART 10: DRIVERS AND CHALLENGES 

Market drivers 

Market challenges 

PART 11: MARKET TRENDS 

PART 12: VENDOR LANDSCAPE 

Overview 

Landscape disruption 

Competitive scenario 

PART 13: VENDOR ANALYSIS 

Vendors covered 

Vendor classification 

Market positioning of vendors 

Coupa Software Inc. 

IBM Corp. 

Oracle Corp. 

SAP SE 

SAS Institute Inc. 

PART 14: APPENDIX 

Research methodology 

List of abbreviations 

Definition of market positioning of vendors 

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