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Procurement Analytics Market Share

Report ID: GMI7293
Published Date: Nov 2023
Report Format: PDF

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Procurement Analytics Market Share

Major players operating in the procurement analytics industry are:

SAP SE
Cisco Systems, Inc.
Coupa Software
Genpact Itd
IBM Corporation
Microsoft Corporation
Oracle Corporation
SAS Institute
Zycus Inc.

The competitive landscape of the market is dominated by major players such as SAP SE and Oracle Corporation. These industry leaders offer comprehensive solutions, robust analytics tools & innovative technologies, creating a competitive environment marked by continuous innovation an a focus on meeting diverse customer needs.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The procurement analytics industry was valued at USD 3.8 billion in 2022 and is estimated to register a CAGR of over 23% between 2023 and 2032, owing to the increasing emphasis on strengthening supplier relationships and enhancing purchasing processes.

In 2022, supply chain management segment held over 30% market share and is projected to grow through 2032, backed by the demand for end-to-end visibility in supply chain, from raw material sourcing to product delivery.

North America led the global procurement analytics market with a major share of over 32% in 2022 and will grow attributed to the emphasis on cost optimization among businesses who continually seek ways to streamline operations and reduce expenditures.

SAP SE, Cisco Systems, Inc., Coupa Software, Genpact Itd., IBM Corporation, Microsoft Corporation, Oracle Corporation, SAS Institute, and Zycus Inc.