Procurement Analytics Market

Executive Summary

Procurement Analytics Market was valued at US $3.27 billion in 2021 and is projected to grow at 25.78% CAGR over the forecast period to reach US $12.95 billion by 2027. Procurement Analytics Market represented US $1.20 billion opportunity over 2019-2021 and estimated to create US $9.68 billion opportunity in 2027 over 2021.

Procurement Analytics from Consainsights analyses the Procurement Analytics Market in the Technology & Media industry over the forecast period to 2027.

Procurement Analytics research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Procurement Analytics segmentation includes Application Area, Deployment Type, Organization Size, Vertical and Geography.

Based on the Application Area, the Procurement Analytics analysis covers Supply Chain Analytics, Risk Analytics, Spend Analytics, Demand Forecasting, Contract Management, Vendor Management.

In Application Area segment, Supply Chain Analytics segment has highest cagr growth of 22.62%.

Based on the Deployment Type, the Procurement Analytics analysis covers Cloud, On-premises.

In Deployment Type segment, Cloud segment has highest cagr growth of 22.62%.

Based on the Organization Size, the Procurement Analytics analysis covers Small And Medium-sized Enterprises, Large Enterprises.

In Organization Size segment, Small And Medium-sized Enterprises segment has highest cagr growth of 22.62%.

Based on the Vertical, the Procurement Analytics analysis covers Retail And Ecommerce, Manufacturing, Government And Defense, Healthcare And Life Sciences, Telecom And It, Energy And Utilities, Banking, Financial Services, And Insurance, Others.

In Vertical segment, Retail And Ecommerce segment has highest cagr growth of 22.62%.

Based on the region, the Procurement Analytics analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include Sap, Oracle, Sas, Coupa Software, Bridgei2i, Rosslyn Data Technologies, Jaggaer, Zycus, Genpact, Proactis, Birchstreet, Tamr, Simfoni, Sievo and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Application Area

Introduction

In 2021, Supply Chain Analytics segment has the highest revenue of US $1.42 billion and is expected to grow at CAGR of 22.62% by 2027 Supply Chain Analytics segment has highest cagr growth of 22.62%.

Supply Chain Analytics

Supply Chain Analytics segment was valued at US $0.90 billion in 2019 and is projected to grow at 22.62% CAGR over the forecast period to reach US $5.62 billion by 2027. Supply Chain Analytics segment represented US $0.52 billion opportunity over 2019-2021 and estimated to create US $4.20 billion opportunity in 2027 over 2021.

Risk Analytics

Risk Analytics segment was valued at US $0.53 billion in 2019 and is projected to grow at 22.62% CAGR over the forecast period to reach US $3.29 billion by 2027. Risk Analytics segment represented US $0.31 billion opportunity over 2019-2021 and estimated to create US $2.46 billion opportunity in 2027 over 2021.

Spend Analytics

Spend Analytics segment was valued at US $0.38 billion in 2019 and is projected to grow at 22.62% CAGR over the forecast period to reach US $2.39 billion by 2027. Spend Analytics segment represented US $0.22 billion opportunity over 2019-2021 and estimated to create US $1.79 billion opportunity in 2027 over 2021.

Demand Forecasting

Demand Forecasting segment was valued at US $0.16 billion in 2019 and is projected to grow at 22.62% CAGR over the forecast period to reach US $1.02 billion by 2027. Demand Forecasting segment represented US $0.09 billion opportunity over 2019-2021 and estimated to create US $0.76 billion opportunity in 2027 over 2021.

Contract Management

Contract Management segment was valued at US $0.09 billion in 2019 and is projected to grow at 22.62% CAGR over the forecast period to reach US $0.54 billion by 2027. Contract Management segment represented US $0.05 billion opportunity over 2019-2021 and estimated to create US $0.40 billion opportunity in 2027 over 2021.

Vendor Management

Vendor Management segment was valued at US $0.01 billion in 2019 and is projected to grow at 22.62% CAGR over the forecast period to reach US $0.09 billion by 2027. Vendor Management segment represented US $0.01 billion opportunity over 2019-2021 and estimated to create US $0.07 billion opportunity in 2027 over 2021.

Deployment Type

Introduction

In 2021, Cloud segment has the highest revenue of US $1.36 billion and is expected to grow at CAGR of 22.62% by 2027 Cloud segment has highest cagr growth of 22.62%.

Cloud

Cloud segment was valued at US $0.86 billion in 2019 and is projected to grow at 22.62% CAGR over the forecast period to reach US $5.39 billion by 2027. Cloud segment represented US $0.50 billion opportunity over 2019-2021 and estimated to create US $4.03 billion opportunity in 2027 over 2021.

On-premises

On-premises segment was valued at US $0.63 billion in 2019 and is projected to grow at 22.62% CAGR over the forecast period to reach US $3.94 billion by 2027. On-premises segment represented US $0.37 billion opportunity over 2019-2021 and estimated to create US $2.95 billion opportunity in 2027 over 2021.

Organization Size

Introduction

In 2021, Small And Medium-sized Enterprises segment has the highest revenue of US $1.48 billion and is expected to grow at CAGR of 22.62% by 2027 Small And Medium-sized Enterprises segment has highest cagr growth of 22.62%.

Small And Medium-sized Enterprises

Small And Medium-sized Enterprises segment was valued at US $0.93 billion in 2019 and is projected to grow at 22.62% CAGR over the forecast period to reach US $5.85 billion by 2027. Small And Medium-sized Enterprises segment represented US $0.54 billion opportunity over 2019-2021 and estimated to create US $4.37 billion opportunity in 2027 over 2021.

Large Enterprises

Large Enterprises segment was valued at US $0.57 billion in 2019 and is projected to grow at 22.62% CAGR over the forecast period to reach US $3.57 billion by 2027. Large Enterprises segment represented US $0.33 billion opportunity over 2019-2021 and estimated to create US $2.67 billion opportunity in 2027 over 2021.

Vertical

Introduction

In 2021, Retail And Ecommerce segment has the highest revenue of US $1.31 billion and is expected to grow at CAGR of 22.62% by 2027 Retail And Ecommerce segment has highest cagr growth of 22.62%.

Retail And Ecommerce

Retail And Ecommerce segment was valued at US $0.83 billion in 2019 and is projected to grow at 22.62% CAGR over the forecast period to reach US $5.18 billion by 2027. Retail And Ecommerce segment represented US $0.48 billion opportunity over 2019-2021 and estimated to create US $3.87 billion opportunity in 2027 over 2021.

Manufacturing

Manufacturing segment was valued at US $0.51 billion in 2019 and is projected to grow at 22.62% CAGR over the forecast period to reach US $3.21 billion by 2027. Manufacturing segment represented US $0.30 billion opportunity over 2019-2021 and estimated to create US $2.40 billion opportunity in 2027 over 2021.

Government And Defense

Government And Defense segment was valued at US $0.30 billion in 2019 and is projected to grow at 22.62% CAGR over the forecast period to reach US $1.88 billion by 2027. Government And Defense segment represented US $0.17 billion opportunity over 2019-2021 and estimated to create US $1.41 billion opportunity in 2027 over 2021.

Healthcare And Life Sciences

Healthcare And Life Sciences segment was valued at US $0.18 billion in 2019 and is projected to grow at 22.62% CAGR over the forecast period to reach US $1.12 billion by 2027. Healthcare And Life Sciences segment represented US $0.10 billion opportunity over 2019-2021 and estimated to create US $0.83 billion opportunity in 2027 over 2021.

Telecom And It

Telecom And It segment was valued at US $0.14 billion in 2019 and is projected to grow at 22.62% CAGR over the forecast period to reach US $0.86 billion by 2027. Telecom And It segment represented US $0.08 billion opportunity over 2019-2021 and estimated to create US $0.64 billion opportunity in 2027 over 2021.

Energy And Utilities

Energy And Utilities segment was valued at US $0.05 billion in 2019 and is projected to grow at 22.62% CAGR over the forecast period to reach US $0.32 billion by 2027. Energy And Utilities segment represented US $0.03 billion opportunity over 2019-2021 and estimated to create US $0.24 billion opportunity in 2027 over 2021.

Banking, Financial Services, And Insurance

Banking, Financial Services, And Insurance segment was valued at US $0.05 billion in 2019 and is projected to grow at 22.62% CAGR over the forecast period to reach US $0.29 billion by 2027. Banking, Financial Services, And Insurance segment represented US $0.03 billion opportunity over 2019-2021 and estimated to create US $0.22 billion opportunity in 2027 over 2021.

Others

Others segment was valued at US $0.01 billion in 2019 and is projected to grow at 22.62% CAGR over the forecast period to reach US $0.09 billion by 2027. Others segment represented US $0.01 billion opportunity over 2019-2021 and estimated to create US $0.07 billion opportunity in 2027 over 2021.