The Spend Analysis market was valued at USD 1.61 billion in 2020 and is expected to reach USD 4.33 billion by 2026 at a CAGR of 17% over the forecast period from 2021 to 2027. The new generation of solutions is quietly attracting attention with an AI approach. As the demand for supplier and market intelligence increases, technology giants like IBM, Coupa and TAMR are undertaking very innovative developments, which will gain traction in the future.
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Company Profile
- SAP SE (Germany)
- SAS Institute, Inc. (US)
- IBM Corporation (US)
- Oracle Corporation (US)
- Coupa Software Inc. (US)
- Zycus Inc. (US)
- Proactis (UK)
- Empronc Solutions Pvt. Ltd. (India)
- JAGGAER (US)
- Rosslyn Analytics, Ltd. (UK)
- Ivalua Inc. (US)
- BravoSolution SPA (US)
Market Segmentation
Spend Analytics Market- Segmentation
By Component
- Software
- Services
By Analytics Type
- Diagnostic
- Predictive
- Prescriptive
- Descriptive
By Business Function
- Finance
- Information Technology (IT)
- Marketing
- Procurement
By Deployment Model
- On-Premises
- Cloud
- Hybrid
Scope of the Report
The research study analyzes the global Spend Analytics industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Spend Analytics Market Report
1. What was the Spend Analytics Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Spend Analytics Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Spend Analytics Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Spend Analytics market.
- The market share of the global Spend Analytics market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Spend Analytics market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Spend Analytics market.
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