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According to Stratistics MRC, the Global Spend Analytics Market is accounted for $1.09 billion in 2016 and is expected to reach $3.54 billion by 2023 growing at a CAGR of 18.3 % during the forecast period. Expanding requirement for supplier and market intelligence and Predictive Analytics for businesses are some drivers which are positively affecting the market. However, trouble in migrating from legacy systems is hindering the market. Developing demand for cloud computing technology is providing the significant growth opportunities for the market.
By analytics type, descriptive analytics segment is projected to grow at a fastest CAGR due to growing appropriation of computerized innovations. By geography, Asia pacific is estimated to grow at a highest CAGR during the forecast period due to increasing machinery cost in countries such as China and India.
Some of the key players in Spend Analytics market include Jaggaer, SAP SE, Oracle Corporation, Proactis, Ivalua Inc., Coupa Software Incorporated, International Business Machines Corporation, Empronc Solutions Pvt. Ltd., Bravosolution SPA, SAS Institute Inc., Zycus Inc., and Rosslyn Data Technologies PLC.
Analytics Types Covered:
• Prescriptive Analytics
• Descriptive Analytics
• Predictive Analytics
Deployment Models Covered:
• Cloud
• On-Premises
Applications Covered:
• Governance and Compliance Management
• Financial Management
• Demand and Supply Forecasting
• Risk Management
• Supplier Sourcing and Performance Management
• Other Applications
Organization Sizes Covered:
• Large Enterprises
• Small and Medium-Sized Businesses
Components Covered:
• Services
o Professional Services
o Consulting
o Managed Services
o Support and Maintenance
• Software
End Users Covered:
• Healthcare and Life Sciences
• Energy and Utilities
• Retail and Ecommerce
• Banking, Financial Services, and Insurance
• Manufacturing
• Telecommunications and IT
• Government and Defense
• Other End Users
Business Functions Covered:
• Marketing
• Finance
• Procurement
• Information Technology
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
By analytics type, descriptive analytics segment is projected to grow at a fastest CAGR due to growing appropriation of computerized innovations. By geography, Asia pacific is estimated to grow at a highest CAGR during the forecast period due to increasing machinery cost in countries such as China and India.
Some of the key players in Spend Analytics market include Jaggaer, SAP SE, Oracle Corporation, Proactis, Ivalua Inc., Coupa Software Incorporated, International Business Machines Corporation, Empronc Solutions Pvt. Ltd., Bravosolution SPA, SAS Institute Inc., Zycus Inc., and Rosslyn Data Technologies PLC.
Analytics Types Covered:
• Prescriptive Analytics
• Descriptive Analytics
• Predictive Analytics
Deployment Models Covered:
• Cloud
• On-Premises
Applications Covered:
• Governance and Compliance Management
• Financial Management
• Demand and Supply Forecasting
• Risk Management
• Supplier Sourcing and Performance Management
• Other Applications
Organization Sizes Covered:
• Large Enterprises
• Small and Medium-Sized Businesses
Components Covered:
• Services
o Professional Services
o Consulting
o Managed Services
o Support and Maintenance
• Software
End Users Covered:
• Healthcare and Life Sciences
• Energy and Utilities
• Retail and Ecommerce
• Banking, Financial Services, and Insurance
• Manufacturing
• Telecommunications and IT
• Government and Defense
• Other End Users
Business Functions Covered:
• Marketing
• Finance
• Procurement
• Information Technology
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
