The Procurement Analytics Market size was USD 4.1 Billion in 2023 and is predicted to grow with a CAGR of 21.9% by generating a revenue of USD 16.4 Billion by 2030Procurement Analytics Market Overview:
Procurement analytics involves extracting valuable insights from past organizational data. These insights play a crucial role in guiding decision-making, shaping strategies, and optimizing financial practices, ultimately contributing to both cost-saving and revenue-generating initiatives. By offering a clearer and more coherent depiction of the business and its operations, procurement analytics simplifies the often complex process of expenditure management, transforming raw data into actionable intelligence that enhances overall business understanding and efficiency. Procurement analytics transcends its traditional boundaries and extends its value across the entire organization. Its benefits are not limited to procurement alone, rather, all departments, including marketing and finance, stand to gain valuable insights from procurement data. Through procurement analytics, organizations access timely, accurate, and actionable business intelligence, enhancing decision-making processes and contributing to the bottom line. By leveraging analytics, procurement teams can describe, predict, and improve overall business performance, fostering a culture of data-driven decision-making. Moreover, automation of repetitive procurement tasks frees up valuable time and resources, allowing for a greater focus on strategic decision-making and nurturing key relationships. From resource management to strategy planning, market research, and business development, procurement analytics serves as a versatile tool, empowering organizations to optimize operations and drive growth.To know about the Research Methodology :- Request Free Sample Report The organizations increasingly recognizing the strategic importance of procurement operations, there's a growing demand for advanced analytics solutions to optimize procurement processes, enhance efficiency, and drive cost savings. The Procurement Analytics Market is witnessing significant traction due to the proliferation of big data and analytics technologies, enabling organizations to gain deeper insights into their procurement activities, supplier performance, and spending patterns. Additionally, the adoption of cloud-based procurement analytics solutions is on the rise, offering scalability, flexibility, and ease of integration with existing procurement systems. Moreover, the advent of artificial intelligence (AI) and machine learning (ML) is revolutionizing procurement analytics by enabling predictive and prescriptive analytics capabilities, allowing organizations to anticipate market trends, mitigate risks, and optimize sourcing strategies. Key players in the market, such as SAP SE, IBM Corporation, and Oracle Corporation, are investing in innovative procurement analytics solutions to cater to the evolving needs of their clients. For instance, SAP recently introduced SAP Procurement Insights, a cloud-based analytics solution that provides real-time visibility into procurement data, supplier performance, and contract compliance, empowering organizations to make data-driven decisions and drive procurement excellence. With the increasing emphasis on digital transformation and data-driven decision-making in procurement, the Procurement Analytics Market is poised for significant growth in the upcoming years.
Procurement Analytics Market Dynamics:
Driving Forces and Trends in Procurement Analytics Adoption The prominent shift towards data-driven decision-making in procurement, with organizations recognizing the value of analytics in optimizing sourcing strategies and driving cost savings. This trend is exemplified by companies like Coca-Cola, which leverage advanced analytics to negotiate better terms with suppliers, resulting in substantial cost reductions. Additionally, the increasing complexity of supply chains, driven by globalization and expanding supplier networks, is driving the need for sophisticated analytics tools to manage risks and enhance procurement efficiency, as seen in Walmart's use of analytics to monitor supplier performance and mitigate disruptions. Furthermore, the emphasis on cost reduction and efficiency in a competitive business landscape is fuelling the adoption of procurement analytics, enabling organizations to identify savings opportunities and streamline processes, as demonstrated by Amazon's use of analytics to drive operational efficiency. The demand for real-time insights, growth of cloud-based solutions, advancements in artificial intelligence and machine learning, regulatory compliance requirements, focus on supplier relationship management, sustainable procurement practices, and integration with emerging technologies further contribute to the growth and evolution of Procurement Analytics Market. The growing importance of data analytics in the current business landscape serves as a driving factor for organizations to leverage procurement analytics. As organizations recognize the significance of data-driven decision-making, they understand the critical role that procurement analytics plays in optimizing spending. Access to vast amounts of procurement data enables organizations to conduct thorough analyses, utilizing techniques such as basic statistical analysis, data mining, and machine learning. By employing these analytical methods, organizations can gain valuable insights into spending patterns, identify opportunities for cost savings, and predict future trends and behaviors. Consequently, organizations that embrace procurement analytics experience enhanced process performance, including cost savings, improved supplier relationships, and better decision-making capabilities. Therefore, the increasing adoption of data analytics across industries propels organizations to prioritize procurement analytics as a key driver for optimizing spending and achieving operational excellence.Data Security Concerns Threats to Procurement Analytics
One significant challenge is the issue of data quality, where incomplete or inaccurate data entries hinder the ability to derive accurate insights and make informed decisions. Additionally, integration challenges arise from the difficulty in seamlessly integrating procurement analytics solutions with existing systems and processes, particularly due to complex legacy systems and disparate data sources. High implementation costs further act as a barrier to market expansion, with expenses related to software licensing, infrastructure setup, and training deterring smaller enterprises from investing in these technologies. Moreover, a shortage of skilled personnel proficient in procurement analytics tools and techniques limits the market's potential, as organizations struggle to find qualified individuals capable of effectively leveraging analytics platforms. Data security concerns, scalability issues, resistance to change, lack of standardization, complexity of procurement processes, and regulatory compliance requirements also pose significant challenges for the Procurement Analytics Market, collectively impacting its growth and adoption across industries. Supplier Performance Optimization for Enhanced Reliability Enhanced spend visibility stands out as a key opportunity, enabling organizations to identify cost-saving opportunities and optimize procurement strategies through insightful analysis of historical purchasing data. Additionally, leveraging predictive analytics for demand forecasting allows organizations to accurately predict future demand, minimizing inventory costs and supply chain disruptions. Real-time insights provided by procurement analytics empower organizations to make data-driven decisions swiftly, while also facilitating continuous improvement and innovation through actionable insights for process optimization and value creation. Supplier performance optimization is another significant opportunity, as organizations can assess and improve supplier relationships based on performance metrics, ultimately enhancing supply chain reliability. Moreover, procurement analytics offer avenues for risk mitigation by identifying and addressing various risks associated with supplier relationships and supply chain disruptions, ensuring operational resilience. Contract management optimization, compliance and governance, and strategic sourcing optimization also present notable opportunities for organizations to streamline processes, ensure regulatory compliance, and drive cost savings. Furthermore, initiatives focused on supplier diversity and inclusion can be enhanced through procurement analytics, fostering equitable access to procurement opportunities for diverse suppliers and driving social responsibility. Overall, the Procurement Analytics Market offers a diverse range of growth opportunities that empower organizations to optimize procurement practices, mitigate risks, and drive sustainable business outcomes.Scope of Global Procurement Analytics Market: Inquire before buying
Global Procurement Analytics Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 33 Bn. Forecast Period 2024 to 2030 CAGR: 12.7% Market Size in 2030: US $ 76.2 Bn. Segments Covered: by Components Solutions Services by Organization Size Small and Medium Enterprise (SME) Large Enterprises by Application Supply Chain Analytics Risk Analytics Spend Analytics Demand Forecasting Contract Management Vendor Management by End-User Banking, Financial Services, and Insurance Government and Defence Retail and eCommerce Healthcare and Lifesciences Telecom and IT Energy and Utilities Manufacturing Others Procurement Analytics Market, by Region:
North America (United States, Canada, and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, and the Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan, and the Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria, and the Rest of ME&A) South America (Brazil, Argentina Rest of South America)Procurement Analytics Market Key Players:
Major Contributors in the Procurement Analytics Market in North America: 1. Oracle Corporation (United States) 2. IBM Corporation (United States) 3. SAS Institute Inc. (United States) 4. Coupa Software Incorporated (United States) 5. Zycus Inc. (United States) 6. Genpact Limited (United States) 7. GEP (United States) 8. Jaggaer (United States) 9. BirchStreet Systems, Inc. (United States) 10. Determine, Inc. (United States) 11. Ivalua Inc. (United States) 12. Opera Solutions, LLC (United States) 13. Tamr Inc. (United States) Major Leading Player in the Procurement Analytics Market in Asia Pacific: 1. SAP SE (Germany) 2. Proactis Holdings Plc (United Kingdom) 3. Rosslyn Data Technologies (United Kingdom) 4. Sievo (Finland) 5. Simfoni Limited (United Kingdom) 6. Scanmarket (Denmark) 7. BravoSolution SPA (Italy) FAQ: 1] What segments are covered in the Procurement Analytics Market report? Ans. The segments covered in the Procurement Analytics Market report are based on Components, Organization Size, Application, End User, and Region. 2] Which region is expected to hold the highest share in the Global Procurement Analytics Market? Ans. North America region is expected to hold the highest market share in the Procurement Analytics market. 3] What is the market size of the Global Procurement Analytics Market by 2030? Ans. The market size of the Procurement Analytics Market by 2030 is expected to reach USD 16.4 Billion. 4] What is the forecast period for the Global Procurement Analytics Market? Ans. The forecast period for the Procurement Analytics Market is 2024-2030. 5] What was the market size of the Global Procurement Analytics Market in 2023? Ans. The market size of the Procurement Analytics Market in 2023 was valued at USD 4.1 Billion.
1. Procurement Analytics Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Procurement Analytics Market: Dynamics 2.1. Procurement Analytics Market Trends by Region 2.1.1. North America Procurement Analytics Market Trends 2.1.2. Europe Procurement Analytics Market Trends 2.1.3. Asia Pacific Procurement Analytics Market Trends 2.1.4. Middle East and Africa Procurement Analytics Market Trends 2.1.5. South America Procurement Analytics Market Trends 2.2. Procurement Analytics Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Procurement Analytics Market Drivers 2.2.1.2. North America Procurement Analytics Market Restraints 2.2.1.3. North America Procurement Analytics Market Opportunities 2.2.1.4. North America Procurement Analytics Market Challenges 2.2.2. Europe 2.2.2.1. Europe Procurement Analytics Market Drivers 2.2.2.2. Europe Procurement Analytics Market Restraints 2.2.2.3. Europe Procurement Analytics Market Opportunities 2.2.2.4. Europe Procurement Analytics Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Procurement Analytics Market Drivers 2.2.3.2. Asia Pacific Procurement Analytics Market Restraints 2.2.3.3. Asia Pacific Procurement Analytics Market Opportunities 2.2.3.4. Asia Pacific Procurement Analytics Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Procurement Analytics Market Drivers 2.2.4.2. Middle East and Africa Procurement Analytics Market Restraints 2.2.4.3. Middle East and Africa Procurement Analytics Market Opportunities 2.2.4.4. Middle East and Africa Procurement Analytics Market Challenges 2.2.5. South America 2.2.5.1. South America Procurement Analytics Market Drivers 2.2.5.2. South America Procurement Analytics Market Restraints 2.2.5.3. South America Procurement Analytics Market Opportunities 2.2.5.4. South America Procurement Analytics Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Procurement Analytics Industry 2.8. Analysis of Government Schemes and Initiatives For Procurement Analytics Industry 2.9. Procurement Analytics Market Trade Analysis 2.10. The Global Pandemic Impact on Procurement Analytics Market 3. Procurement Analytics Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2023-2030 3.1. Procurement Analytics Market Size and Forecast, by Component (2023-2030) 3.1.1. Solutions 3.1.2. Services 3.2. Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 3.2.1. Small and Medium Enterprise (SME) 3.2.2. Large Enterprises 3.3. Procurement Analytics Market Size and Forecast, by Application (2023-2030) 3.3.1. Supply Chain Analytics 3.3.2. Risk Analytics 3.3.3. Spend Analytics 3.3.4. Demand Forecasting 3.3.5. Contract Management 3.3.6. Vendor Management 3.4. Procurement Analytics Market Size and Forecast, by End User (2023-2030) 3.4.1. Banking, Financial Services, and Insurance 3.4.2. Government and Defence 3.4.3. Retail and eCommerce 3.4.4. Healthcare and Lifesciences 3.4.5. Telecom and IT 3.4.6. Energy and Utilities 3.4.7. Manufacturing 3.4.8. Others 3.5. Procurement Analytics Market Size and Forecast, by Region (2023-2030) 3.5.1. North America 3.5.2. Europe 3.5.3. Asia Pacific 3.5.4. Middle East and Africa 3.5.5. South America 4. North America Procurement Analytics Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 4.1. North America Procurement Analytics Market Size and Forecast, by Component (2023-2030) 4.1.1. Solutions 4.1.2. Services 4.2. North America Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 4.2.1. Small and Medium Enterprise (SME) 4.2.2. Large Enterprises 4.3. North America Procurement Analytics Market Size and Forecast, by Application (2023-2030) 4.3.1. Supply Chain Analytics 4.3.2. Risk Analytics 4.3.3. Spend Analytics 4.3.4. Demand Forecasting 4.3.5. Contract Management 4.3.6. Vendor Management 4.4. North America Procurement Analytics Market Size and Forecast, by End User (2023-2030) 4.4.1. Banking, Financial Services, and Insurance 4.4.2. Government and Defence 4.4.3. Retail and eCommerce 4.4.4. Healthcare and Lifesciences 4.4.5. Telecom and IT 4.4.6. Energy and Utilities 4.4.7. Manufacturing 4.4.8. Others 4.5. North America Procurement Analytics Market Size and Forecast, by Country (2023-2030) 4.5.1. United States 4.5.1.1. United States Procurement Analytics Market Size and Forecast, by Component (2023-2030) 4.5.1.1.1. Solutions 4.5.1.1.2. Services 4.5.1.2. United States Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 4.5.1.2.1. Small and Medium Enterprise (SME) 4.5.1.2.2. Large Enterprises 4.5.1.3. United States Procurement Analytics Market Size and Forecast, by Application (2023-2030) 4.5.1.3.1. Supply Chain Analytics 4.5.1.3.2. Risk Analytics 4.5.1.3.3. Spend Analytics 4.5.1.3.4. Demand Forecasting 4.5.1.3.5. Contract Management 4.5.1.3.6. Vendor Management 4.5.1.4. United States Procurement Analytics Market Size and Forecast, by End User (2023-2030) 4.5.1.4.1. Banking, Financial Services, and Insurance 4.5.1.4.2. Government and Defence 4.5.1.4.3. Retail and eCommerce 4.5.1.4.4. Healthcare and Lifesciences 4.5.1.4.5. Telecom and IT 4.5.1.4.6. Energy and Utilities 4.5.1.4.7. Manufacturing 4.5.1.4.8. Others 4.5.2. Canada 4.5.2.1. Canada Procurement Analytics Market Size and Forecast, by Component (2023-2030) 4.5.2.1.1. Solutions 4.5.2.1.2. Services 4.5.2.2. Canada Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 4.5.2.2.1. Small and Medium Enterprise (SME) 4.5.2.2.2. Large Enterprises 4.5.2.3. Canada Procurement Analytics Market Size and Forecast, by Application (2023-2030) 4.5.2.3.1. Supply Chain Analytics 4.5.2.3.2. Risk Analytics 4.5.2.3.3. Spend Analytics 4.5.2.3.4. Demand Forecasting 4.5.2.3.5. Contract Management 4.5.2.3.6. Vendor Management 4.5.2.4. Canada Procurement Analytics Market Size and Forecast, by End User (2023-2030) 4.5.2.4.1. Banking, Financial Services, and Insurance 4.5.2.4.2. Government and Defence 4.5.2.4.3. Retail and eCommerce 4.5.2.4.4. Healthcare and Lifesciences 4.5.2.4.5. Telecom and IT 4.5.2.4.6. Energy and Utilities 4.5.2.4.7. Manufacturing 4.5.2.4.8. Others 4.5.3. Mexico 4.5.3.1. Mexico Procurement Analytics Market Size and Forecast, by Component (2023-2030) 4.5.3.1.1. Solutions 4.5.3.1.2. Services 4.5.3.2. Mexico Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 4.5.3.2.1. Small and Medium Enterprise (SME) 4.5.3.2.2. Large Enterprises 4.5.3.3. Mexico Procurement Analytics Market Size and Forecast, by Application (2023-2030) 4.5.3.3.1. Supply Chain Analytics 4.5.3.3.2. Risk Analytics 4.5.3.3.3. Spend Analytics 4.5.3.3.4. Demand Forecasting 4.5.3.3.5. Contract Management 4.5.3.3.6. Vendor Management 4.5.3.4. Mexico Procurement Analytics Market Size and Forecast, by End User (2023-2030) 4.5.3.4.1. Banking, Financial Services, and Insurance 4.5.3.4.2. Government and Defence 4.5.3.4.3. Retail and eCommerce 4.5.3.4.4. Healthcare and Lifesciences 4.5.3.4.5. Telecom and IT 4.5.3.4.6. Energy and Utilities 4.5.3.4.7. Manufacturing 4.5.3.4.8. Others 5. Europe Procurement Analytics Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 5.1. Europe Procurement Analytics Market Size and Forecast, by Component (2023-2030) 5.2. Europe Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 5.3. Europe Procurement Analytics Market Size and Forecast, by Application (2023-2030) 5.4. Europe Procurement Analytics Market Size and Forecast, by End User (2023-2030) 5.5. Europe Procurement Analytics Market Size and Forecast, by Country (2023-2030) 5.5.1. United Kingdom 5.5.1.1. United Kingdom Procurement Analytics Market Size and Forecast, by Component (2023-2030) 5.5.1.2. United Kingdom Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 5.5.1.3. United Kingdom Procurement Analytics Market Size and Forecast, by Application (2023-2030) 5.5.1.4. United Kingdom Procurement Analytics Market Size and Forecast, by End User (2023-2030) 5.5.2. France 5.5.2.1. France Procurement Analytics Market Size and Forecast, by Component (2023-2030) 5.5.2.2. France Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 5.5.2.3. France Procurement Analytics Market Size and Forecast, by Application (2023-2030) 5.5.2.4. France Procurement Analytics Market Size and Forecast, by End User (2023-2030) 5.5.3. Germany 5.5.3.1. Germany Procurement Analytics Market Size and Forecast, by Component (2023-2030) 5.5.3.2. Germany Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 5.5.3.3. Germany Procurement Analytics Market Size and Forecast, by Application (2023-2030) 5.5.3.4. Germany Procurement Analytics Market Size and Forecast, by End User (2023-2030) 5.5.4. Italy 5.5.4.1. Italy Procurement Analytics Market Size and Forecast, by Component (2023-2030) 5.5.4.2. Italy Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 5.5.4.3. Italy Procurement Analytics Market Size and Forecast, by Application (2023-2030) 5.5.4.4. Italy Procurement Analytics Market Size and Forecast, by End User (2023-2030) 5.5.5. Spain 5.5.5.1. Spain Procurement Analytics Market Size and Forecast, by Component (2023-2030) 5.5.5.2. Spain Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 5.5.5.3. Spain Procurement Analytics Market Size and Forecast, by Application (2023-2030) 5.5.5.4. Spain Procurement Analytics Market Size and Forecast, by End User (2023-2030) 5.5.6. Sweden 5.5.6.1. Sweden Procurement Analytics Market Size and Forecast, by Component (2023-2030) 5.5.6.2. Sweden Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 5.5.6.3. Sweden Procurement Analytics Market Size and Forecast, by Application (2023-2030) 5.5.6.4. Sweden Procurement Analytics Market Size and Forecast, by End User (2023-2030) 5.5.7. Austria 5.5.7.1. Austria Procurement Analytics Market Size and Forecast, by Component (2023-2030) 5.5.7.2. Austria Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 5.5.7.3. Austria Procurement Analytics Market Size and Forecast, by Application (2023-2030) 5.5.7.4. Austria Procurement Analytics Market Size and Forecast, by End User (2023-2030) 5.5.8. Rest of Europe 5.5.8.1. Rest of Europe Procurement Analytics Market Size and Forecast, by Component (2023-2030) 5.5.8.2. Rest of Europe Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 5.5.8.3. Rest of Europe Procurement Analytics Market Size and Forecast, by Application (2023-2030) 5.5.8.4. Rest of Europe Procurement Analytics Market Size and Forecast, by End User (2023-2030) 6. Asia Pacific Procurement Analytics Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 6.1. Asia Pacific Procurement Analytics Market Size and Forecast, by Component (2023-2030) 6.2. Asia Pacific Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 6.3. Asia Pacific Procurement Analytics Market Size and Forecast, by Application (2023-2030) 6.4. Asia Pacific Procurement Analytics Market Size and Forecast, by End User (2023-2030) 6.5. Asia Pacific Procurement Analytics Market Size and Forecast, by Country (2023-2030) 6.5.1. China 6.5.1.1. China Procurement Analytics Market Size and Forecast, by Component (2023-2030) 6.5.1.2. China Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 6.5.1.3. China Procurement Analytics Market Size and Forecast, by Application (2023-2030) 6.5.1.4. China Procurement Analytics Market Size and Forecast, by End User (2023-2030) 6.5.2. S Korea 6.5.2.1. S Korea Procurement Analytics Market Size and Forecast, by Component (2023-2030) 6.5.2.2. S Korea Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 6.5.2.3. S Korea Procurement Analytics Market Size and Forecast, by Application (2023-2030) 6.5.2.4. S Korea Procurement Analytics Market Size and Forecast, by End User (2023-2030) 6.5.3. Japan 6.5.3.1. Japan Procurement Analytics Market Size and Forecast, by Component (2023-2030) 6.5.3.2. Japan Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 6.5.3.3. Japan Procurement Analytics Market Size and Forecast, by Application (2023-2030) 6.5.3.4. Japan Procurement Analytics Market Size and Forecast, by End User (2023-2030) 6.5.4. India 6.5.4.1. India Procurement Analytics Market Size and Forecast, by Component (2023-2030) 6.5.4.2. India Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 6.5.4.3. India Procurement Analytics Market Size and Forecast, by Application (2023-2030) 6.5.4.4. India Procurement Analytics Market Size and Forecast, by End User (2023-2030) 6.5.5. Australia 6.5.5.1. Australia Procurement Analytics Market Size and Forecast, by Component (2023-2030) 6.5.5.2. Australia Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 6.5.5.3. Australia Procurement Analytics Market Size and Forecast, by Application (2023-2030) 6.5.5.4. Australia Procurement Analytics Market Size and Forecast, by End User (2023-2030) 6.5.6. Indonesia 6.5.6.1. Indonesia Procurement Analytics Market Size and Forecast, by Component (2023-2030) 6.5.6.2. Indonesia Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 6.5.6.3. Indonesia Procurement Analytics Market Size and Forecast, by Application (2023-2030) 6.5.6.4. Indonesia Procurement Analytics Market Size and Forecast, by End User (2023-2030) 6.5.7. Malaysia 6.5.7.1. Malaysia Procurement Analytics Market Size and Forecast, by Component (2023-2030) 6.5.7.2. Malaysia Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 6.5.7.3. Malaysia Procurement Analytics Market Size and Forecast, by Application (2023-2030) 6.5.7.4. Malaysia Procurement Analytics Market Size and Forecast, by End User (2023-2030) 6.5.8. Vietnam 6.5.8.1. Vietnam Procurement Analytics Market Size and Forecast, by Component (2023-2030) 6.5.8.2. Vietnam Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 6.5.8.3. Vietnam Procurement Analytics Market Size and Forecast, by Application (2023-2030) 6.5.8.4. Vietnam Procurement Analytics Market Size and Forecast, by End User (2023-2030) 6.5.9. Taiwan 6.5.9.1. Taiwan Procurement Analytics Market Size and Forecast, by Component (2023-2030) 6.5.9.2. Taiwan Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 6.5.9.3. Taiwan Procurement Analytics Market Size and Forecast, by Application (2023-2030) 6.5.9.4. Taiwan Procurement Analytics Market Size and Forecast, by End User (2023-2030) 6.5.10. Rest of Asia Pacific 6.5.10.1. Rest of Asia Pacific Procurement Analytics Market Size and Forecast, by Component (2023-2030) 6.5.10.2. Rest of Asia Pacific Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 6.5.10.3. Rest of Asia Pacific Procurement Analytics Market Size and Forecast, by Application (2023-2030) 6.5.10.4. Rest of Asia Pacific Procurement Analytics Market Size and Forecast, by End User (2023-2030) 7. Middle East and Africa Procurement Analytics Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 7.1. Middle East and Africa Procurement Analytics Market Size and Forecast, by Component (2023-2030) 7.2. Middle East and Africa Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 7.3. Middle East and Africa Procurement Analytics Market Size and Forecast, by Application (2023-2030) 7.4. Middle East and Africa Procurement Analytics Market Size and Forecast, by End User (2023-2030) 7.5. Middle East and Africa Procurement Analytics Market Size and Forecast, by Country (2023-2030) 7.5.1. South Africa 7.5.1.1. South Africa Procurement Analytics Market Size and Forecast, by Component (2023-2030) 7.5.1.2. South Africa Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 7.5.1.3. South Africa Procurement Analytics Market Size and Forecast, by Application (2023-2030) 7.5.1.4. South Africa Procurement Analytics Market Size and Forecast, by End User (2023-2030) 7.5.2. GCC 7.5.2.1. GCC Procurement Analytics Market Size and Forecast, by Component (2023-2030) 7.5.2.2. GCC Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 7.5.2.3. GCC Procurement Analytics Market Size and Forecast, by Application (2023-2030) 7.5.2.4. GCC Procurement Analytics Market Size and Forecast, by End User (2023-2030) 7.5.3. Nigeria 7.5.3.1. Nigeria Procurement Analytics Market Size and Forecast, by Component (2023-2030) 7.5.3.2. Nigeria Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 7.5.3.3. Nigeria Procurement Analytics Market Size and Forecast, by Application (2023-2030) 7.5.3.4. Nigeria Procurement Analytics Market Size and Forecast, by End User (2023-2030) 7.5.4. Rest of ME&A 7.5.4.1. Rest of ME&A Procurement Analytics Market Size and Forecast, by Component (2023-2030) 7.5.4.2. Rest of ME&A Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 7.5.4.3. Rest of ME&A Procurement Analytics Market Size and Forecast, by Application (2023-2030) 7.5.4.4. Rest of ME&A Procurement Analytics Market Size and Forecast, by End User (2023-2030) 8. South America Procurement Analytics Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 8.1. South America Procurement Analytics Market Size and Forecast, by Component (2023-2030) 8.2. South America Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 8.3. South America Procurement Analytics Market Size and Forecast, by Application(2023-2030) 8.4. South America Procurement Analytics Market Size and Forecast, by End User (2023-2030) 8.5. South America Procurement Analytics Market Size and Forecast, by Country (2023-2030) 8.5.1. Brazil 8.5.1.1. Brazil Procurement Analytics Market Size and Forecast, by Component (2023-2030) 8.5.1.2. Brazil Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 8.5.1.3. Brazil Procurement Analytics Market Size and Forecast, by Application (2023-2030) 8.5.1.4. Brazil Procurement Analytics Market Size and Forecast, by End User (2023-2030) 8.5.2. Argentina 8.5.2.1. Argentina Procurement Analytics Market Size and Forecast, by Component (2023-2030) 8.5.2.2. Argentina Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 8.5.2.3. Argentina Procurement Analytics Market Size and Forecast, by Application (2023-2030) 8.5.2.4. Argentina Procurement Analytics Market Size and Forecast, by End User (2023-2030) 8.5.3. Rest Of South America 8.5.3.1. Rest Of South America Procurement Analytics Market Size and Forecast, by Component (2023-2030) 8.5.3.2. Rest Of South America Procurement Analytics Market Size and Forecast, by Organization Size (2023-2030) 8.5.3.3. Rest Of South America Procurement Analytics Market Size and Forecast, by Application (2023-2030) 8.5.3.4. Rest Of South America Procurement Analytics Market Size and Forecast, by End User (2023-2030) 9. Global Procurement Analytics Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Procurement Analytics Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Oracle Corporation (United States) 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. IBM Corporation (United States) 10.3. SAS Institute Inc. (United States) 10.4. Coupa Software Incorporated (United States) 10.5. Zycus Inc. (United States) 10.6. Genpact Limited (United States) 10.7. GEP (United States) 10.8. Jaggaer (United States) 10.9. BirchStreet Systems, Inc. (United States) 10.10. Determine, Inc. (United States) 10.11. Ivalua Inc. (United States) 10.12. Opera Solutions, LLC (United States) 10.13. Tamr Inc. (United States) 10.14. SAP SE (Germany) 10.15. Proactis Holdings Plc (United Kingdom) 10.16. Rosslyn Data Technologies (United Kingdom) 10.17. Sievo (Finland) 10.18. Simfoni Limited (United Kingdom) 10.19. Scanmarket (Denmark) 10.20. BravoSolution SPA (Italy) 11. Key Findings 12. Industry Recommendations 13. Procurement Analytics Market: Research Methodology 14. Terms and Glossary