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The global procurement analytics market size is expected to grow from USD 1.6 billion in 2018 to USD 4.1 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 20.4%NEW YORK, April 15, 2019 /PRNewswire/ -- Increasing focus on enhancing procurement channels' operational efficiencies to drive the procurement analytics market Asia Pacific (APAC) to grow at the highest CAGR during the forecast period APAC includes major economies, such as India, China, Australia, Hong Kong, and Japan, which are rapidly deploying the procurement analytics solution.APAC is expected to grow at the highest CAGR during the forecast period. The APAC procurement analytics market is gaining traction, as the region is witnessing an increasing demand for cloud-driven analytical solutions, resulting in higher investments and technological advancements in various industry verticals.SMEs as well as large organizations in the APAC region have become more aware of procurement analytics solutions and services and started adopting them to enhance their supply chain, organization spend, reporting and other procurement processes. Furthermore, North America is estimated to hold the largest market size in 2018 owing to the presence of a large number of vendors and initial adoption of procurement analytics solutions and services due to stringent laws and policies for safeguarding data in the procurement channels and to thrive in the market by increasing productivity. In-depth interviews were conducted with CEOs, marketing directors, innovation and technology directors, and executives from various key organizations operating in the procurement analytics market. • By Company Type: Tier 1: 35%, Tier 2: 45%, and Tier 3: 20% • By Designation: C-Level: 35%, Director Level: 25%, and Others: 40% • By Region: North America: 45%, Europe: 20%, APAC: 30%, and RoW: 5% The report includes the study of key players, such as SAP (Germany), Oracle (US), SAS (US), IBM (US, Coupa Software (US), Zycus(US), BRIDGEi2i Analytics (India), JAGGAER (US), Rosslyn Data Technologies (England), Genpact (UK), Tamr (US), Simfoni (US), BirchStreet (US), Proactis (UK), and Sievo (Finland). Research Coverage: The report covers the procurement analytics solutions and services across segments.It aims at estimating the market size and growth potential of the market across segments, such as components, application areas, organization size, deployment type, verticals, and regions. The report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, product and business offerings, recent developments, and key market strategies. Key Benefits of Buying the Report: The report would help the market leaders/new entrants in the market with information about the closest approximations of the revenue numbers for the overall procurement analytics market and its subsegments.It would help stakeholders understand the competitive landscape and gain more insights to better their positions and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information about key market drivers, restraints, challenges, and opportunities. Read the full report: https://www.reportlinker.com/p05767386/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker |