Procurement Analytics Market

Procurement Analytics Market by Component (Solutions, Services), Application, Deployment Mode (Cloud, On-premises), Organization Size (Large Enterprises, SMEs), Industry Vertical and Region - Global Forecast to 2026

Report Code: TC 7022 Jan, 2022, by marketsandmarkets.com

[230 Pages Report] The procurement analytics market size to grow from USD 2.6 billion in 2021 to USD 8.0 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 25.3% during the forecast period. Various factors such as increasing spending on marketing and advertising activities by enterprises, changing landscape of customer intelligence to drive the market, and proliferation of customer channels are projected to drive the adoption of procurement analytics technologies and services.

Procurement Analytics Market

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Market Dynamics

Driver: Organizations’ struggle to sustain their position in the competitive environment

Competition intensifies as emerging technologies, such as IoT, big data, and ML have flooded the marketspace. Enterprises are trying hard to adopt these technologies and enhance their expertise to sustain their position in the market. Procurement analytics solutions provide organizations with a better understanding of procurement risks that might occur while operating in such a rigorous competitive environment. The analytics solutions have also helped enterprises quickly adopt the changing market needs to survive in the intensely competitive market. A major challenge for organizations is sustaining their position in the market. Hence, they need to assess both external (government policies and environmental challenges) and internal factors (inappropriate management, lack of expertise, lack of awareness, and outdated infrastructure). Procurement analytics software and services provide better solutions to address these challenges by analyzing these factors and delivering actionable insights to the management for a better decision-making process.

Restraint: Complexities in streamlining the processes and concerns regarding data privacy

Organizations need to streamline various processes across the organizations to effectively manage their procurement portfolio. The various activities, such as supply chain, inventory management, accounts, vendor selection, sourcing, and reporting, should all be streamlined and brought under a single line to effectively make procurement decisions. Procurement analytics vendors need to streamline various processes before they are going to implement the analytics solutions on the organization platforms. The lack of integration, along with the concerns of organizations regarding privacy breaches that may affect the reputation of enterprises, acts as a hindrance to the overall growth of the procurement analytics market.

Opportunity: Growth in demand for cloud-based analytical solutions

The procurement analytics solution provides agility and elasticity to enterprises to facilitate better decision-making with reduced cost and time. Business strategies involve defining vision and targets, realizing the targets, and refining the targets for future needs. Across the world, various organizations are adopting advanced analytics technologies embedded with robotics and AI capabilities to formulate better business strategies. It helps organizations in predicting market opportunities and enhancing Return on Investment (ROI). Procurement analytics plays a vital role in analyzing future outcomes in procurement, which may affect the proper functioning of an organization. With the advent of real-time accessibility of data, organizations are trying to move their data to the cloud and get the maximum benefits while analyzing it for actionable insights. It has given the opportunity to procurement analytics vendors to provide cloud-based procurement analytics solutions.

Challenge: Reluctance to adopt advanced analytical technologies

With the advent of big data, data and data sources have increased exponentially. The massive data generation provides business executives with an opportunity to gather more relevant customer-centric, as well as spend, supply chain, and operations-centric insights and further form business strategies based on it. However, companies are still facing numerous challenges in the adoption of procurement analytics solutions due to numerous factors. With the growth of humungous data across data sources, most of the data generated are unstructured in nature. Organizations face a significant challenge in handling and managing unstructured data and getting them in a structured format. Getting the data in a structured format is extremely important to make it more extrapolative for getting better insights.

North America to account for largest market size during the forecast period

North America is expected to have the largest market share in the procurement analytics market. Key factors favoring the growth of the procurement analytics market in North America include the increasing technological advancements in the region. The growing number of procurement analytics players across regions is expected to further drive market growth.

Procurement Analytics Market by Region

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Key Market Players

The procurement analytics vendors have implemented various types of organic and inorganic growth strategies, such as new product launches, product upgradations, partnerships and agreements, business expansions, and mergers and acquisitions to strengthen their offerings in the market. The major vendors in the global procurement analytics market include SAP(Germany), Oracle(US), SAS Institute (US), Coupa Software (US), Genpact (US), Rosslyn Data Technologies (UK), Microsoft(US), IBM(US), Cisco (US), GEP (US), Corcentric (US), and Zycus (US).

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Scope of the Report

Report Metrics

Details

Market size available for years

2015–2026

Base year considered

2020

Forecast period

2021–2026

Largest Market

North America

CAGR in 2022-2026

25.3%

Forecast units

USD Million

Segments covered

Component, Application, Deployment Mode, Organization Size, Industry Vertical, and Region

Geographies covered

North America, Europe, APAC, MEA, and Latin America

Companies covered

SAP(Germany), Oracle(US), SAS Institute (US), Coupa Software (US), Genpact (US), Rosslyn Data Technologies (UK), Microsoft(US), IBM(US), Cisco (US), GEP (US), Corcentric (US), Zycus (US), Jaggaer (US), Proactis (UK), BirchStreet Systems (US), Tamr (US), Simfoni (US), Sievo (Finland), Workday (US), ProcurePro (Australia), Kearney (US), PRM360 (India), Market Dojo (UK), Synertrade (Germany), Ivalua (US).

This research report categorizes the procurement analytics market based on component, application, deployment mode, organization size, industry vertical, and region.

By Component:
  • Solutions
  • Services
By Application:
  • Supply Chain Analytics
  • Risk Analytics
  • Spend Analytics
  • Demand Forecasting
  • Contract Management
  • Vendor Management
  • Category Management
By Deployment Mode:
  • Cloud
  • On-premises
By Organization Size:
  • Large Enterprises
  • Small and Medium-sized Enterprises (SMEs)
By Vertical:
  • BFSI
  • Retail and eCommerce
  • Telecom and IT
  • Manufacturing
  • Healthcare and Life Sciences
  • Energy and Utilities
  • Government and Defense
By Region:
  • North America
    • US
    • Canada
  • Europe
    • UK
    • France
    • Germany
    • Rest of Europe
  • APAC
    • China
    • Japan
    • India
    • Rest of APAC
  • MEA
    • Middle East
    • Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments:

  • In September 2021, Coupa Software announced a strategic partnership with Japan Cloud to establish a joint venture known as Coupa K.K. This joint venture would enable Coupa to scale to support the growing number of Japanese companies looking to gain greater efficiency and agility through Business Spend Management.
  • In April 2021, Oracle and SailGP, the world's finest sailing racing league, expanded their successful Procurement Analytics platform in preparation for the second season. OCI would be used by SailGP to supply real-time data to each of the league's eight national teams, as well as broadcast partners and fans globally.
  • In November 2020, The partnership offered Pagero and Zycus customers tools to increase supply chain efficiency, streamline the invoicing process and maintain compliance with ever-evolving e-invoice regulations.
  • In June 2020, Microsoft partnered with Adaptive Biotechnologies to launch the ImmuneCODE database for sharing the immune response of the COVID-19 virus.
  • In January 2019, SAP acquired Qualtrics International Inc. (US), a provider of the Experience Management (XM) software.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 25)
    1.1 INTRODUCTION TO COVID-19
    1.2 COVID-19 HEALTH ASSESSMENT
           FIGURE 1 COVID-19: GLOBAL PROPAGATION
           FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES
    1.3 COVID-19 ECONOMIC ASSESSMENT
           FIGURE 3 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020
           1.3.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT
                    FIGURE 4 CRITERIA IMPACTING GLOBAL ECONOMY
                    FIGURE 5 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY
    1.4 OBJECTIVES OF THE STUDY
    1.5 MARKET DEFINITION
           1.5.1 INCLUSIONS AND EXCLUSIONS
    1.6 MARKET SCOPE
           1.6.1 MARKET SEGMENTATION
           1.6.2 REGIONS COVERED
           1.6.3 YEARS CONSIDERED FOR THE STUDY
    1.7 CURRENCY CONSIDERED
           TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2016–2018
    1.8 STAKEHOLDERS
    1.9 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 36)
    2.1 RESEARCH DATA
           FIGURE 6 PROCUREMENT ANALYTICS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakup of primaries
                    2.1.2.2 Key industry insights
    2.2 MARKET BREAKUP AND DATA TRIANGULATION
    2.3 MARKET SIZE ESTIMATION
           FIGURE 7 MARKET: BOTTOM-UP AND TOP-DOWN APPROACHES
           2.3.1 BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY-SIDE): REVENUE OF SOLUTIONS/SERVICES OF THE MARKET
                    FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 BOTTOM-UP (SUPPLY-SIDE): COLLECTIVE REVENUE OF ALL SOLUTIONS/SERVICES OF THE MARKET
                    FIGURE 10 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 2, BOTTOM-UP (SUPPLY-SIDE): COLLECTIVE REVENUE FROM ALL SOFTWARE/SERVICES OF THE PROCUREMENT ANALYTICS MARKET
                    FIGURE 11 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 3, BOTTOM-UP (DEMAND SIDE): PRODUCTS/SOLUTIONS/SERVICES SOLD AND THEIR AVERAGE SELLING PRICE
    2.4 MARKET FORECAST
           TABLE 2 FACTOR ANALYSIS
    2.5 COMPANY EVALUATION MATRIX METHODOLOGY
           FIGURE 12 COMPANY EVALUATION MATRIX: CRITERIA WEIGHTAGE
    2.6 STARTUP/SME EVALUATION MATRIX METHODOLOGY
           FIGURE 13 STARTUP/SME EVALUATION MATRIX: CRITERIA WEIGHTAGE
    2.7 ASSUMPTIONS FOR THE STUDY
    2.8 LIMITATIONS OF THE STUDY

3 EXECUTIVE SUMMARY (Page No. - 48)
    TABLE 3 PROCUREMENT ANALYTICS MARKET SIZE AND GROWTH, 2015–2020 (USD MILLION AND Y-O-Y GROWTH)
    TABLE 4 MARKET SIZE AND GROWTH RATE, 2021–2026 (USD MILLION AND Y-O-Y GROWTH)
    FIGURE 14 PROCUREMENT ANALYTICS SERVICES TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
    FIGURE 15 PROFESSIONAL PROCUREMENT ANALYTICS SERVICES TO ACCOUNT FOR A LARGER MARKET SHARE IN 2021
    FIGURE 16 ON-PREMISE DEPLOYMENT TO ACCOUNT FOR A LARGER MARKET SHARE IN 2021
    FIGURE 17 LARGE ENTERPRISES SEGMENT TO ACCOUNT FOR A LARGER MARKET SHARE IN 2021
    FIGURE 18 SUPPLY CHAIN ANALYTICS SEGMENT TO ACCOUNT FOR THE LARGEST MARKET SHARE IN 2021
    FIGURE 19 TELECOM AND IT SEGMENT TO ACCOUNT FOR A LARGER MARKET SHARE IN 2021
    FIGURE 20 NORTH AMERICA TO HOLD THE HIGHEST MARKET SHARE IN 2018

4 PREMIUM INSIGHTS (Page No. - 53)
    4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE PROCUREMENT ANALYTICS MARKET
           FIGURE 21 NEED TO GENERATE VALUABLE INSIGHTS FROM SPEND, CONTRACT, AND VENDOR MANAGEMENT DATA TO DRIVE THE GROWTH OF THE MARKET
    4.2 MARKET, BY VERTICAL
           FIGURE 22 BANKING, FINANCIAL SERVICES, AND INSURANCE VERTICAL TO LEAD THE MARKET BY 2026
    4.3 MARKET, BY REGION
           FIGURE 23 NORTH AMERICA TO ACCOUNT FOR THE LARGEST MARKET SHARE IN 2021
    4.4 MARKET, BY SOLUTION & VERTICAL
           FIGURE 24 SUPPLY CHAIN ANALYTICS AND RETAIL & ECOMMERCE SEGMENTS TO ACCOUNT FOR THE LARGEST MARKET SHARES IN 2021

5 MARKET OVERVIEW (Page No. - 56)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 25 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: PROCUREMENT ANALYTICS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increase in focus on enhancing procurement channels’ operational efficiencies
                    5.2.1.2 Imminent need to handle compliance policies and contracts
                    5.2.1.3 Organizations’ struggle to sustain their position in the competitive environment
           5.2.2 RESTRAINTS
                    5.2.2.1 Rise in concerns over data security across enterprises
                    5.2.2.2 Complexities in streamlining the processes and concerns regarding data privacy
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Advent of ML and AI in the procurement process
                    5.2.3.2 Growth in demand for cloud-based analytical solutions
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of analytical expertise
                    5.2.4.2 Reluctance to adopt advanced analytical technologies
    5.3 REGULATORY IMPLICATIONS
           5.3.1 SARBANES-OXLEY ACT OF 2002
           5.3.2 GENERAL DATA PROTECTION REGULATION
           5.3.3 GOVERNMENT PROCUREMENT AGREEMENT
    5.4 CASE STUDIES
           5.4.1 SPEND ANALYTICS
                    5.4.1.1 Use Case 1: Citrix created a data-driven Supplier Diversity Program to focus on procurement spend diversity
           5.4.2 CONTRACT MANAGEMENT
                    5.4.2.1 Use Case 2: With contract management, Schindler consolidated all data in different countries and zones into one system.
           5.4.3 CATEGORY MANAGEMENT
                    5.4.3.1 Use Case 4: With category management strategy, one of US’ leading food retail industry firms identified key cost drivers
           5.4.4 RISK ANALYSIS
                    5.4.4.1 Use Case 5: SpendEdge’s Supplier Risk Analysis helped a leading transportation services provider mitigate supply chain risks
           5.4.5 PROCURE TO PAY
                    5.4.5.1 Use Case 5: American-based conglomerate achieved visibility and transparency across all transactions with procure to pay solution
           5.4.6 SPEND FORECASTING
                    5.4.6.1 Use Case 7: With Sievo’s Spend Forecasting, Kellogg achieved global design, flexibility, and scalability for optimized performance

6 PROCUREMENT ANALYTICS MARKET, BY COMPONENT (Page No. - 66)
    6.1 INTRODUCTION
           6.1.1 COMPONENTS: COVID-19 IMPACT
                    FIGURE 26 SERVICES SEGMENT EXPECTED TO REGISTER A HIGHER CAGR DURING THE FORECAST PERIOD
                    TABLE 5 MARKET SIZE, BY COMPONENT, 2015–2020 (USD MILLION)
                    TABLE 6 MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
    6.2 SOLUTIONS
           6.2.1 ADVANCEMENTS IN ML AND AI TO ACCELERATE THE ADOPTION OF PROCUREMENT ANALYTICS
                    TABLE 7 SOLUTIONS: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 8 SOLUTIONS: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    6.3 SERVICES
           FIGURE 27 MANAGED SERVICES SEGMENT PROJECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
           TABLE 9 MARKET SIZE, BY SERVICE, 2015–2020 (USD MILLION)
           TABLE 10 MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION)
           6.3.1 MANAGED SERVICES
                    6.3.1.1 Need for monitoring and maintaining software operations and reducing overhead costs to drive the growth of managed services
                               TABLE 11 MANAGED SERVICES: PROCUREMENT ANALYTICS MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                               TABLE 12 MANAGED SERVICES: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
           6.3.2 PROFESSIONAL SERVICES
                    TABLE 13 PROFESSIONAL SERVICES: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 14 PROFESSIONAL SERVICES: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 15 PROFESSIONAL SERVICE: MARKET SIZE, BY TYPE, 2015–2020 (USD MILLION)
                    TABLE 16 PROFESSIONAL SERVICES: MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                    6.3.2.1 Support and Maintenance
                               6.3.2.1.1 Pre-installation and post-installation support to trigger the growth of support and maintenance services
                               TABLE 17 SUPPORT AND MAINTENANCE MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                               TABLE 18 SUPPORT AND MAINTENANCE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.3.2.2 Consulting
                               6.3.2.2.1 Need for enhancing the strategic outlook of organizations to drive the growth of consulting services segment
                               TABLE 19 CONSULTING MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                               TABLE 20 CONSULTING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    6.3.2.3 Deployment and integration
                               6.3.2.3.1 Need for integrating advanced analytical solutions with existing/traditional services to drive growth
                               TABLE 21 DEPLOYMENT AND INTEGRATION: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                               TABLE 22 DEPLOYMENT AND INTEGRATION: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

7 PROCUREMENT ANALYTICS MARKET, BY APPLICATION (Page No. - 77)
    7.1 INTRODUCTION
           FIGURE 28 SUPPLY CHAIN ANALYTICS SEGMENT TO ACCOUNT FOR A LARGER MARKET SIZE DURING THE FORECAST PERIOD
           TABLE 23 MARKET SIZE, BY APPLICATION, 2015–2020 (USD MILLION)
           TABLE 24 MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
    7.2 SUPPLY CHAIN ANALYTICS
           7.2.1 INCREASE IN NEED FOR SUPPLIER AND MARKET INTELLIGENCE TO DRIVE THE GROWTH OF SUPPLY CHAIN ANALYTICS
                    TABLE 25 SUPPLY CHAIN ANALYTICS: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 26 SUPPLY CHAIN ANALYTICS: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    7.3 RISK ANALYTICS
           7.3.1 NEED TO MITIGATE RISK AND REDUCE ASSOCIATED COST TO DRIVE THE GROWTH OF THE RISK ANALYTICS SEGMENT
                    TABLE 27 RISK ANALYTICS: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 28 RISK ANALYTICS: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    7.4 SPEND ANALYTICS
           7.4.1 NEED FOR ANALYZING EXPENDITURE DATA AND REDUCING PROCUREMENT COST TO DRIVE THE GROWTH OF THE SPEND ANALYTICS SEGMENT
                    TABLE 29 SPEND ANALYTICS: PROCUREMENT ANALYTICS MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 30 SPEND ANALYTICS: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    7.5 DEMAND FORECASTING
           7.5.1 NEED FOR ANALYSIS OF DEMAND SIGNALS FROM FORECASTS, CONSUMPTION DATA, AND SYNDICATED INDUSTRY INFORMATION
                    TABLE 31 DEMAND FORECASTING: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 32 DEMAND FORECASTING: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    7.6 CONTRACT MANAGEMENT
           7.6.1 NEED FOR STRONGER RELATIONSHIPS WITH CUSTOMERS AND SUPPLIERS TO DRIVE THE DEMAND FOR CONTRACT MANAGEMENT
                    TABLE 33 CONTRACT MANAGEMENT: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 34 CONTRACT MANAGEMENT: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    7.7 VENDOR MANAGEMENT
           7.7.1 NEED FOR VENDOR MANAGEMENT TO AID IN COST CONTROL, RISK REDUCTION, AND EXCELLENT SERVICE DELIVERY
                    TABLE 35 VENDOR MANAGEMENT: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 36 VENDOR MANAGEMENT: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    7.8 CATEGORY MANAGEMENT
           7.8.1 CATEGORY MANAGEMENT HELPS FOCUS TIME TO CONDUCT MARKET RESEARCH TO FULLY LEVERAGE NEGOTIATIONS AND MANAGE SUPPLIERS
                    TABLE 37 CATEGORY MANAGEMENT: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 38 CATEGORY MANAGEMENT: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

8 PROCUREMENT ANALYTICS MARKET, BY DEPLOYMENT MODE (Page No. - 87)
    8.1 INTRODUCTION
           8.1.1 DEPLOYMENT MODE: COVID-19 IMPACT
                    FIGURE 29 ON-PREMISES SEGMENT TO ACCOUNT FOR A LARGER MARKET SIZE DURING THE FORECAST PERIOD
                    TABLE 39 MARKET SIZE, BY DEPLOYMENT MODE, 2015–2020 (USD MILLION)
                    TABLE 40 MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
    8.2 CLOUD
           8.2.1 FOCUS ON IMPROVED AGILITY AND RETURN ON INVESTMENT TO DRIVE THE ADOPTION OF CLOUD DEPLOYMENT MODE
                    TABLE 41 CLOUD: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 42 CLOUD: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.3 ON-PREMISES
           8.3.1 GROWING THREAT OF DATA THEFTS ENCOURAGES ORGANIZATIONS TO PREFER PROCUREMENT ANALYTICS SOLUTIONS TO REMAIN ON-PREMISES
                    TABLE 43 ON-PREMISES: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 44 ON-PREMISES: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

9 PROCUREMENT ANALYTICS MARKET, BY ORGANIZATION SIZE (Page No. - 92)
    9.1 INTRODUCTION
           9.1.1 ORGANIZATION SIZE: COVID-19 IMPACT
                    FIGURE 30 SMALL AND MEDIUM-SIZED ENTERPRISES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
                    TABLE 45 MARKET SIZE, BY ORGANIZATION SIZE, 2015–2020 (USD MILLION)
                    TABLE 46 MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
    9.2 LARGE ENTERPRISES
           9.2.1 EVER-INCREASING ADOPTION OF CLOUD AND THE LATEST TECHNOLOGIES TO DRIVE PROCUREMENT ANALYTICS ACROSS LARGE ENTERPRISES
                    TABLE 47 LARGE ENTERPRISES: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 48 LARGE ENTERPRISES: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    9.3 SMALL AND MEDIUM-SIZED ENTERPRISES
           9.3.1 ROBUST CLOUD-BASED DEPLOYMENTS TO LEAD SMALL AND MEDIUM-SIZED ENTERPRISES, RECORDING A HIGHER GROWTH RATE
                    TABLE 49 SMALL AND MEDIUM-SIZED ENTERPRISES: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 50 SMALL AND MEDIUM-SIZED ENTERPRISES: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

10 PROCUREMENT ANALYTICS MARKET, BY VERTICAL (Page No. - 97)
     10.1 INTRODUCTION
             10.1.1 VERTICAL: COVID-19 IMPACT
                       FIGURE 31 RETAIL AND ECOMMERCE VERTICAL TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD
                       TABLE 51 MARKET SIZE, BY VERTICAL, 2015–2020 (USD MILLION)
                       TABLE 52 MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
     10.2 BANKING, FINANCIAL SERVICES, AND INSURANCE
             10.2.1 PROCUREMENT ANALYTICS SOLUTIONS IMPROVE BUSINESS PERFORMANCE AND REDUCE COST
                       TABLE 53 BANKING, FINANCIAL SERVICES, AND INSURANCE: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                       TABLE 54 BANKING, FINANCIAL SERVICES, AND INSURANCE: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     10.3 RETAIL AND ECOMMERCE
             10.3.1 ADOPTION OF PROCUREMENT ANALYTICS SOLUTIONS BOOSTS BUSINESS DECISION PERFORMANCE AND PROFIT MARGINS
                       TABLE 55 RETAIL AND ECOMMERCE: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                       TABLE 56 RETAIL AND ECOMMERCE: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     10.4 TELECOM AND IT
             10.4.1 USAGE OF SMARTPHONES, COMPLEXITY IN THE TELECOM INDUSTRY, AND GROWTH IN SERVICE PROVIDERS RAPIDLY DRIVE THE MARKET
                       TABLE 57 TELECOM AND IT: PROCUREMENT ANALYTICS MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                       TABLE 58 TELECOM AND IT: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     10.5 MANUFACTURING
             10.5.1 ADOPTION OF PROCUREMENT ANALYTICS BOOSTS PERFORMANCE AND IMPROVES DECISION-MAKING
                       TABLE 59 MANUFACTURING: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                       TABLE 60 MANUFACTURING: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     10.6 HEALTHCARE AND LIFE SCIENCES
             10.6.1 HIGH ADOPTION OF PROCUREMENT ANALYTICS IN HEALTHCARE AND LIFE SCIENCES VERTICAL FOR CONTRACT MANAGEMENT AND SPEND ANALYTICS
                       TABLE 61 HEALTHCARE AND LIFE SCIENCES: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                       TABLE 62 HEALTHCARE AND LIFE SCIENCES: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     10.7 ENERGY AND UTILITIES
             10.7.1 DEMAND FOR INTELLIGENT PRODUCTION, DISTRIBUTION, AND CONSUMPTION OF ENERGY AND UTILITIES DRIVE PROCUREMENT ANALYTICS SOLUTIONS
                       TABLE 63 ENERGY AND UTILITIES: PROCUREMENT ANALYTICS MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                       TABLE 64 ENERGY AND UTILITIES: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     10.8 GOVERNMENT AND DEFENSE
             10.8.1 DEEP ANALYSIS AND FORECASTING OF TRENDS LEAD TO THE GROWTH OF PROCUREMENT ANALYTICS SOLUTIONS
                       TABLE 65 GOVERNMENT AND DEFENSE: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                       TABLE 66 GOVERNMENT AND DEFENSE: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     10.9 OTHER VERTICALS
               TABLE 67 OTHER VERTICALS: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
               TABLE 68 OTHER VERTICALS: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

11 PROCUREMENT ANALYTICS MARKET, BY REGION (Page No. - 111)
     11.1 INTRODUCTION
     11.2 REGION: COVID-19 IMPACT
               FIGURE 32 INDIA TO HAVE THE HIGHEST CAGR IN THE MARKET DURING THE FORECAST PERIOD
               TABLE 69 MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
               TABLE 70 MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
               FIGURE 33 NORTH AMERICA TO HAVE THE LARGEST MARKET SIZE IN THE PROCUREMENT ANALYTICS MARKET DURING THE FORECAST PERIOD
     11.3 NORTH AMERICA
             11.3.1 NORTH AMERICA: OPERATIONAL DRIVERS
             11.3.2 NORTH AMERICA: REGULATIONS
                       11.3.2.1 Personal Information Protection and Electronic Documents Act (PIPEDA)
                       11.3.2.2 Gramm-Leach-Bliley Act
                       11.3.2.3 Health Insurance Portability and Accountability Act (HIPAA) of 1996
                       11.3.2.4 Federal Information Security Management Act (FISMA)
                       11.3.2.5 Federal Information Processing Standards (FIPS)
                       11.3.2.6 California Consumer Privacy Act (CSPA)
                                   FIGURE 34 NORTH AMERICA MARKET SNAPSHOT
                                   TABLE 71 NORTH AMERICA: PROCUREMENT ANALYTICS MARKET SIZE, BY COMPONENT, 2015–2020 (USD MILLION)
                                   TABLE 72 NORTH AMERICA: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                                   TABLE 73 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2015–2020 (USD MILLION)
                                   TABLE 74 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
                                   TABLE 75 NORTH AMERICA: MARKET SIZE, BY SERVICE, 2015–2020 (USD MILLION)
                                   TABLE 76 NORTH AMERICA: MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION)
                                   TABLE 77 NORTH AMERICA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2015–2020 (USD MILLION)
                                   TABLE 78 NORTH AMERICA: PROCUREMENT ANALYTICS MARKET SIZE, BY PROFESSIONAL SERVICE, 2021–2026 (USD MILLION)
                                   TABLE 79 NORTH AMERICA: MARKET SIZE, BY DEPLOYMENT MODE, 2015–2020 (USD MILLION)
                                   TABLE 80 NORTH AMERICA: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                                   TABLE 81 NORTH AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2015–2020 (USD MILLION)
                                   TABLE 82 NORTH AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
                                   TABLE 83 NORTH AMERICA: MARKET SIZE, BY VERTICAL, 2015–2020 (USD MILLION)
                                   TABLE 84 NORTH AMERICA: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
                                   TABLE 85 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2015–2020 (USD MILLION)
                                   TABLE 86 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
             11.3.3 UNITED STATES
             11.3.4 CANADA
     11.4 EUROPE
             11.4.1 EUROPE: OPERATIONAL DRIVERS
             11.4.2 EUROPE: REGULATIONS
                       11.4.2.1 General Data Protection Regulation (GDPR)
                       11.4.2.2 European Committee for Standardization (CEN)
                       11.4.2.3 EU’s General Court
                                   TABLE 87 EUROPE: PROCUREMENT ANALYTICS MARKET SIZE, BY COMPONENT, 2015–2020 (USD MILLION)
                                   TABLE 88 EUROPE: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                                   TABLE 89 EUROPE: MARKET SIZE, BY SERVICE, 2015–2020 (USD MILLION)
                                   TABLE 90 EUROPE: MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION)
                                   TABLE 91 EUROPE: MARKET SIZE, BY PROFESSIONAL SERVICE, 2015–2020 (USD MILLION)
                                   TABLE 92 EUROPE: MARKET SIZE, BY PROFESSIONAL SERVICE, 2021–2026 (USD MILLION)
                                   TABLE 93 EUROPE: MARKET SIZE, BY APPLICATION, 2015–2020 (USD MILLION)
                                   TABLE 94 EUROPE: MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
                                   TABLE 95 EUROPE: MARKET SIZE, BY DEPLOYMENT MODE, 2015–2020 (USD MILLION)
                                   TABLE 96 EUROPE: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                                   TABLE 97 EUROPE: PROCUREMENT ANALYTICS MARKET SIZE, BY ORGANIZATION SIZE, 2015–2020 (USD MILLION)
                                   TABLE 98 EUROPE: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
                                   TABLE 99 EUROPE: MARKET SIZE, BY VERTICAL, 2015–2020 (USD MILLION)
                                   TABLE 100 EUROPE: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
             11.4.3 UNITED KINGDOM
             11.4.4 FRANCE
             11.4.5 GERMANY
             11.4.6 REST OF EUROPE
     11.5 ASIA PACIFIC
             11.5.1 ASIA PACIFIC: OPERATIONAL DRIVERS
             11.5.2 ASIA PACIFIC: REGULATIONS
                       11.5.2.1 Personal Data Protection Act (PDPA)
                       11.5.2.2 International Organization for Standardization (ISO) 27001
                                   FIGURE 35 ASIA PACIFIC: MARKET SNAPSHOT
                                   TABLE 101 ASIA PACIFIC: PROCUREMENT ANALYTICS MARKET SIZE, BY COMPONENT, 2015–2020 (USD MILLION)
                                   TABLE 102 ASIA PACIFIC: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                                   TABLE 103 ASIA PACIFIC: MARKET SIZE, BY SERVICE, 2015–2020 (USD MILLION)
                                   TABLE 104 ASIA PACIFIC: MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION)
                                   TABLE 105 ASIA PACIFIC: MARKET SIZE, BY PROFESSIONAL SERVICE, 2015–2020 (USD MILLION)
                                   TABLE 106 ASIA PACIFIC: MARKET SIZE, BY PROFESSIONAL SERVICE, 2021–2026 (USD MILLION)
                                   TABLE 107 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2015–2020 (USD MILLION)
                                   TABLE 108 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
                                   TABLE 109 ASIA PACIFIC: MARKET SIZE, BY DEPLOYMENT MODE, 2015–2020 (USD MILLION)
                                   TABLE 110 ASIA PACIFIC: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                                   TABLE 111 ASIA PACIFIC: PROCUREMENT ANALYTICS MARKET SIZE, BY ORGANIZATION SIZE, 2015–2020 (USD MILLION)
                                   TABLE 112 ASIA PACIFIC: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
                                   TABLE 113 ASIA PACIFIC: MARKET SIZE, BY VERTICAL, 2015–2020 (USD MILLION)
                                   TABLE 114 ASIA PACIFIC: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
                                   TABLE 115 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2015–2020 (USD MILLION)
                                   TABLE 116 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
             11.5.3 CHINA
             11.5.4 JAPAN
             11.5.5 INDIA
             11.5.6 REST OF ASIA PACIFIC
     11.6 MIDDLE EAST AND AFRICA
             11.6.1 MIDDLE EAST AND AFRICA: OPERATIONAL DRIVERS
             11.6.2 MIDDLE EAST AND AFRICA: REGULATIONS
                       11.6.2.1 Israeli Privacy Protection Regulations (Data Security), 5777-2017
                       11.6.2.2 GDPR Applicability in KSA
                       11.6.2.3 Protection of Personal Information Act (POPIA)
                                   TABLE 117 MIDDLE EAST AND AFRICA: PROCUREMENT ANALYTICS MARKET SIZE, BY COMPONENT, 2015–2020 (USD MILLION)
                                   TABLE 118 MIDDLE EAST AND AFRICA: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                                   TABLE 119 MIDDLE EAST AND AFRICA: MARKET SIZE, BY SERVICE, 2015–2020 (USD MILLION)
                                   TABLE 120 MIDDLE EAST AND AFRICA: MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION)
                                   TABLE 121 MIDDLE EAST AND AFRICA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2015–2020 (USD MILLION)
                                   TABLE 122 MIDDLE EAST AND AFRICA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2021–2026 (USD MILLION)
                                   TABLE 123 MIDDLE EAST AND AFRICA: MARKET SIZE, BY APPLICATION, 2015–2020 (USD MILLION)
                                   TABLE 124 MIDDLE EAST AND AFRICA: PROCUREMENT ANALYTICS MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
                                   TABLE 125 MIDDLE EAST AND AFRICA: MARKET SIZE, BY DEPLOYMENT MODE, 2015–2020 (USD MILLION)
                                   TABLE 126 MIDDLE EAST AND AFRICA: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                                   TABLE 127 MIDDLE EAST AND AFRICA: MARKET SIZE, BY ORGANIZATION SIZE, 2015–2020 (USD MILLION)
                                   TABLE 128 MIDDLE EAST AND AFRICA: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
                                   TABLE 129 MIDDLE EAST AND AFRICA: MARKET SIZE, BY VERTICAL, 2015–2020 (USD MILLION)
                                   TABLE 130 MIDDLE EAST AND AFRICA: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
                                   TABLE 131 MIDDLE EAST AND AFRICA: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                                   TABLE 132 MIDDLE EAST AND AFRICA: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
             11.6.3 MIDDLE EAST
             11.6.4 AFRICA
     11.7 LATIN AMERICA
             11.7.1 LATIN AMERICA: OPERATIONAL DRIVERS
             11.7.2 LATIN AMERICA: REGULATIONS
                       11.7.2.1 Brazil Data Protection Law
                       11.7.2.2 Argentina Personal Data Protection Law No. 25.326
                                   TABLE 133 LATIN AMERICA: PROCUREMENT ANALYTICS MARKET SIZE, BY COMPONENT, 2015–2020 (USD MILLION)
                                   TABLE 134 LATIN AMERICA: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
                                   TABLE 135 LATIN AMERICA: MARKET SIZE, BY SERVICE, 2015–2020 (USD MILLION)
                                   TABLE 136 LATIN AMERICA: MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION)
                                   TABLE 137 LATIN AMERICA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2015–2020 (USD MILLION)
                                   TABLE 138 LATIN AMERICA: MARKET SIZE, BY PROFESSIONAL SERVICE, 2021–2026 (USD MILLION)
                                   TABLE 139 LATIN AMERICA: MARKET SIZE, BY APPLICATION, 2015–2020 (USD MILLION)
                                   TABLE 140 LATIN AMERICA: MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION)
                                   TABLE 141 LATIN AMERICA: MARKET SIZE, BY DEPLOYMENT MODE, 2015–2020 (USD MILLION)
                                   TABLE 142 LATIN AMERICA: PROCUREMENT ANALYTICS MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                                   TABLE 143 LATIN AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2015–2020 (USD MILLION)
                                   TABLE 144 LATIN AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
                                   TABLE 145 LATIN AMERICA: MARKET SIZE, BY VERTICAL, 2015–2020 (USD MILLION)
                                   TABLE 146 LATIN AMERICA: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
                                   TABLE 147 LATIN AMERICA: MARKET SIZE, BY COUNTRY, 2015–2020 (USD MILLION)
                                   TABLE 148 LATIN AMERICA: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
             11.7.3 BRAZIL
             11.7.4 MEXICO
             11.7.5 REST OF LATIN AMERICA

12 COMPETITIVE LANDSCAPE (Page No. - 152)
     12.1 OVERVIEW
     12.2 KEY PLAYER STRATEGIES
               TABLE 149 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN THE PROCUREMENT ANALYTICS MARKET
     12.3 REVENUE ANALYSIS
               FIGURE 36 REVENUE ANALYSIS FOR KEY COMPANIES IN THE PAST FIVE YEARS
     12.4 MARKET SHARE ANALYSIS
               FIGURE 37 MARKET SHARE ANALYSIS
               TABLE 150 MARKET: DEGREE OF COMPETITION
     12.5 COMPANY EVALUATION QUADRANT
             12.5.1 STARS
             12.5.2 EMERGING LEADERS
             12.5.3 PERVASIVE PLAYERS
             12.5.4 PARTICIPANTS
                       FIGURE 38 KEY PROCUREMENT ANALYTICS MARKET PLAYERS, COMPANY EVALUATION MATRIX, 2021
     12.6 COMPETITIVE BENCHMARKING
               TABLE 151 COMPANY SOLUTION FOOTPRINT (TOP 3 APPLICATIONS)
               TABLE 152 COMPANY REGION FOOTPRINT
     12.7 STARTUP/SME EVALUATION QUADRANT
             12.7.1 PROGRESSIVE COMPANIES
             12.7.2 RESPONSIVE COMPANIES
             12.7.3 DYNAMIC COMPANIES
             12.7.4 STARTING BLOCKS
                       FIGURE 39 STARTUP/SME PROCUREMENT ANALYTICS MARKET EVALUATION MATRIX, 2021
     12.8 COMPETITIVE SCENARIO
             12.8.1 PRODUCT LAUNCHES
                       TABLE 153 PRODUCT LAUNCHES, MARCH 2018–MAY 2021
             12.8.2 DEALS
                       TABLE 154 DEALS, NOVEMBER 2018–NOVEMBER 2021
             12.8.3 OTHERS
                       TABLE 155 OTHERS, 2019–2021

13 COMPANY PROFILES (Page No. - 164)
     13.1 INTRODUCTION
(Business and financial overview, Solutions offered, Recent developments & MnM View)*
     13.2 KEY PLAYERS
             13.2.1 SAP
                       TABLE 156 SAP: BUSINESS OVERVIEW
                       FIGURE 40 SAP: COMPANY SNAPSHOT
                       TABLE 157 SAP: SOLUTIONS OFFERED
                       TABLE 158 SAP: PRODUCT LAUNCHES AND ENHANCEMENTS
                       TABLE 159 SAP: DEALS
                       TABLE 160 SAP: OTHERS
             13.2.2 ORACLE
                       TABLE 161 ORACLE: BUSINESS OVERVIEW
                       FIGURE 41 ORACLE: COMPANY SNAPSHOT
                       TABLE 162 ORACLE: SOLUTIONS OFFERED
                       TABLE 163 ORACLE: PRODUCT LAUNCHES AND ENHANCEMENTS
                       TABLE 164 ORACLE: DEALS
                       TABLE 165 ORACLE: OTHERS
             13.2.3 SAS INSTITUTE
                       TABLE 166 SAS INSTITUTE: BUSINESS OVERVIEW
                       FIGURE 42 SAS INSTITUTE: COMPANY SNAPSHOT
                       TABLE 167 SAS INSTITUTE: SOLUTIONS OFFERED
                       TABLE 168 SAS INSTITUTE: PRODUCT LAUNCHES AND ENHANCEMENTS
                       TABLE 169 SAS INSTITUTE: DEALS
                       TABLE 170 SAS INSTITUTE: OTHERS
             13.2.4 COUPA SOFTWARE
                       TABLE 171 COUPA SOFTWARE: BUSINESS OVERVIEW
                       FIGURE 43 COUPA SOFTWARE: COMPANY SNAPSHOT
                       TABLE 172 COUPA SOFTWARE: SOLUTIONS OFFERED
                       TABLE 173 COUPA SOFTWARE: PRODUCT LAUNCHES AND ENHANCEMENTS
                       TABLE 174 COUPA SOFTWARE: DEALS
             13.2.5 GENPACT
                       TABLE 175 GENPACT: BUSINESS OVERVIEW
                       FIGURE 44 GENPACT: COMPANY SNAPSHOT
                       TABLE 176 GENPACT: SOLUTIONS OFFERED
                       TABLE 177 GENPACT: DEALS
             13.2.6 ROSSLYN DATA TECHNOLOGIES
                       TABLE 178 ROSSLYN DATA TECHNOLOGIES: BUSINESS OVERVIEW
                       FIGURE 45 ROSSLYN DATA TECHNOLOGIES: COMPANY SNAPSHOT
                       TABLE 179 ROSSLYN DATA TECHNOLOGIES: SOLUTIONS OFFERED
                       TABLE 180 ROSSLYN DATA TECHNOLOGIES: DEALS
             13.2.7 MICROSOFT
                       TABLE 181 MICROSOFT: BUSINESS OVERVIEW
                       FIGURE 46 MICROSOFT: FINANCIAL OVERVIEW
                       TABLE 182 MICROSOFT: SOLUTIONS OFFERED
                       TABLE 183 MICROSOFT: PRODUCT LAUNCHES AND ENHANCEMENTS
                       TABLE 184 MICROSOFT: DEALS
             13.2.8 IBM
                       TABLE 185 IBM: BUSINESS OVERVIEW
                       FIGURE 47 IBM: COMPANY SNAPSHOT
                       TABLE 186 IBM: SOLUTIONS OFFERED
                       TABLE 187 IBM: PRODUCT LAUNCHES AND ENHANCEMENTS
                       TABLE 188 IBM: DEALS
             13.2.9 CISCO
                       TABLE 189 CISCO: BUSINESS OVERVIEW
                       FIGURE 48 CISCO: FINANCIAL OVERVIEW
                       TABLE 190 CISCO: SOLUTIONS OFFERED
                       TABLE 191 CISCO: DEALS
             13.2.10 GEP
                       TABLE 192 GEP: BUSINESS OVERVIEW
                       TABLE 193 GEP: SOLUTIONS OFFERED
                       TABLE 194 GEP: PRODUCT LAUNCHES AND ENHANCEMENTS
                       TABLE 195 GEP: DEALS
             13.2.11 CORCENTRIC
                       TABLE 196 CORCENTRIC: BUSINESS OVERVIEW
                       TABLE 197 CORCENTRIC: SOLUTIONS OFFERED
                       TABLE 198 CORCENTRIC: DEALS
             13.2.12 ZYCUS
                       TABLE 199 ZYCUS: BUSINESS OVERVIEW
                       TABLE 200 ZYCUS: SOLUTIONS OFFERED
                       TABLE 201 ZYCUS: DEALS
*Details on Business and financial overview, Solutions offered, Recent developments & MnM View might not be captured in case of unlisted companies.
     13.3 OTHER KEY PLAYERS
             13.3.1 JAGGAER
             13.3.2 PROACTIS
             13.3.3 BIRCHSTREET SYSTEMS
             13.3.4 TAMR
             13.3.5 SIMFONI
             13.3.6 SIEVO
             13.3.7 WORKDAY
             13.3.8 PROCUREPRO
             13.3.9 KEARNEY
             13.3.10 PRM360
             13.3.11 MARKET DOJO LTD.
             13.3.12 SYNERTRADE
             13.3.13 IVALUA

14 ADJACENT AND RELATED MARKETS (Page No. - 213)
     14.1 INTRODUCTION
     14.2 SUPPLY CHAIN ANALYTICS MARKET—GLOBAL FORECAST TO 2025
             14.2.1 MARKET DEFINITION
             14.2.2 MARKET OVERVIEW
                       14.2.2.1 Supply chain analytics market, by component
                                   TABLE 202 SUPPLY CHAIN ANALYTICS MARKET SIZE, BY COMPONENT, 2014–2019 (USD MILLION)
                                   TABLE 203 SUPPLY CHAIN ANALYTICS MARKET SIZE, BY COMPONENT, 2019–2025 (USD MILLION)
                       14.2.2.2 Supply chain analytics market, by deployment mode
                                   TABLE 204 SUPPLY CHAIN ANALYTICS MARKET SIZE, BY DEPLOYMENT MODEL, 2014–2019 (USD MILLION)
                                   TABLE 205 SUPPLY CHAIN ANALYTICS MARKET SIZE, BY DEPLOYMENT MODE, 2019–2025 (USD MILLION)
                       14.2.2.3 Supply chain analytics market, by organization size
                                   TABLE 206 SUPPLY CHAIN ANALYTICS MARKET SIZE, BY ORGANIZATION SIZE, 2014–2019 (USD MILLION)
                                   TABLE 207 SUPPLY CHAIN ANALYTICS MARKET SIZE, BY ORGANIZATION SIZE, 2019–2025 (USD MILLION)
                       14.2.2.4 Supply chain analytics market, by industry vertical
                                   TABLE 208 SUPPLY CHAIN ANALYTICS MARKET SIZE, BY INDUSTRY VERTICAL, 2014–2019 (USD MILLION)
                                   TABLE 209 SUPPLY CHAIN ANALYTICS MARKET SIZE, BY INDUSTRY VERTICAL, 2019–2025 (USD MILLION)
                       14.2.2.5 Supply chain analytics market, by region
                                   TABLE 210 SUPPLY CHAIN ANALYTICS MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
                                   TABLE 211 SUPPLY CHAIN ANALYTICS MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
     14.3 BIG DATA MARKET - GLOBAL FORECAST TO 2025
             14.3.1 MARKET DEFINITION
             14.3.2 MARKET OVERVIEW
                       14.3.2.1 Big data market, by component
                                   TABLE 212 BIG DATA MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
                                   TABLE 213 SOLUTIONS: BIG DATA MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
                                   TABLE 214 BIG DATA MARKET SIZE, BY SERVICE, 2018–2025 (USD MILLION)
                                   TABLE 215 PROFESSIONAL SERVICES MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
                       14.3.2.2 Big data market, by deployment mode
                                   TABLE 216 BIG DATA MARKET SIZE, BY DEPLOYMENT MODE, 2018–2025 (USD MILLION)
                                   TABLE 217 CLOUD: BIG DATA MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
                       14.3.2.3 Big data market, by organization size
                                   TABLE 218 BIG DATA MARKET SIZE, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION)
                       14.3.2.4 Big data market, by business function
                                   TABLE 219 BIG DATA MARKET SIZE, BY BUSINESS FUNCTION, 2018–2025 (USD MILLION)
                       14.3.2.5 Big data market, by industry vertical
                                   TABLE 220 BIG DATA MARKET SIZE, BY INDUSTRY VERTICAL, 2018–2025 (USD MILLION)
                       14.3.2.6 Big data market, by region
                                   TABLE 221 BIG DATA MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)

15 APPENDIX (Page No. - 223)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.3 AVAILABLE CUSTOMIZATIONS
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS

The research study for the procurement analytics market report involved the use of extensive secondary sources, directories, as well as several journals and magazines to identify and collect information that is useful for this technical and market-oriented study. During the production cycle of the report, in-depth interviews were conducted with various primary respondents, including key opinion leaders, subject-matter experts, high-level executives of various companies offering procurement analytics solutions and services, and industry consultants, to obtain and verify critical qualitative and quantitative information, as well as, assess the market prospects and industry trends.

Secondary Research

In the secondary research process, various sources were referred to for identifying and collecting information for the study. The secondary sources included annual reports, press releases, investor presentations of companies; white papers; journals; and certified publications and articles from recognized authors, directories, and databases.

Primary Research

Various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, including Chief X Officers (CXOs); Vice Presidents (VPs); directors from business development, marketing, and product development/innovation teams; related key executives from procurement analytics solution vendors, system integrators, professional service providers, industry associations, and consultants; and key opinion leaders. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

The following is the breakup of primary profiles:

Procurement Analytics Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Top-down and bottom-up approaches were used to estimate and validate the size of the global procurement analytics market and various other dependent subsegments. The research methodology used to estimate the market size included the following details: the key players not limited to IBM, Microsoft, SAP, Oracle, Adobe and Google in the market were identified through extensive secondary research, and their revenue contribution in the respective regions were determined through primary and secondary research. The entire procedure included the study of the annual and financial reports of top market players and extensive interviews for key insights from industry leaders, such as CEOs, VPs, directors, and marketing executives. All percentage splits and breakups were determined using secondary sources and verified through primary sources.

All the possible parameters that affect the market covered in the research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The data is consolidated and added with detailed inputs and analysis from MarketsandMarkets.

  • The pricing trend is assumed to vary over time.
  • All the forecasts are made with the standard assumption that the accepted currency is USD.
  • For the conversion of various currencies to USD, average historical exchange rates are used according to the year specified. For all the historical and current exchange rates required for calculations and currency conversions, the US Internal Revenue Service's website is used.
  • All the forecasts are made under the standard assumption that the globally accepted currency USD remains constant during the next five years.
  • Vendor-side analysis: The market size estimates of associated solutions and services are factored in from the vendor side by assuming an average of licensing and subscription-based models of leading and innovative vendors in the market.
  • Demand/end-user analysis: End users operating in verticals across regions are analyzed in terms of market spending on procurement analytics solutions based on some of the key use cases. These factors for the procurement analytics industry per region are separately analyzed, and the average spending was extrapolated with an approximation based on assumed weightage. This factor is derived by averaging various market influencers, including recent developments, regulations, mergers and acquisitions, enterprise/SME adoption, startup ecosystem, IT spending, technology propensity and maturity, use cases, and the estimated number of organizations per region.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakup procedures were employed, wherever applicable. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.

Report Objectives

  • To define, describe, and predict the procurement analytics market by component (platform and services), professional service, organization size, deployment mode, application, vertical, and region
  • To provide detailed information related to major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the market growth
  • To analyze opportunities in the market and provide details of the competitive landscape for stakeholders and market leaders
  • To forecast the market size of segments for five main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
  • To profile key players and comprehensively analyze their market rankings and core competencies
  • To analyze competitive developments, such as partnerships, new product launches, and mergers and acquisitions, in the market
  • To analyze the impact of the COVID-19 pandemic on the procurement analytics market

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix provides a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakup of the North American procurement analytics market
  • Further breakup of the European market
  • Further breakup of the APAC market
  • Further breakup of the Latin American market
  • Further breakup of the MEA market

Company Information

  • Detailed analysis and profiling of additional market players up to 5
Report Code
TC 7022
Published ON
Jan, 2022
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