How big is the Procurement Analytics Market?

The Procurement Analytics Market size is expected to reach USD 4.17 billion in 2024 and grow at a CAGR of 25.67% to reach USD 13.08 billion by 2029. Read More

What is the current Procurement Analytics Market size?

In 2024, the Procurement Analytics Market size is expected to reach USD 4.17 billion. Read More

Who are the key players in Procurement Analytics Market?

SAP SE, Oracle Corporation, IBM Corporation, SAS Institute Inc. and Zycus Inc. are the major companies operating in the Procurement Analytics Market. Read More

Which is the fastest growing region in Procurement Analytics Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Procurement Analytics Market?

In 2024, the North America accounts for the largest market share in Procurement Analytics Market. Read More

What years does this Procurement Analytics Market cover, and what was the market size in 2023?

In 2023, the Procurement Analytics Market size was estimated at USD 3.10 billion. The report covers the Procurement Analytics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Procurement Analytics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Procurement Analytics Market - Analysis, Research & Share

Procurement Analytics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Procurement Analytics Market Companies and it is segmented by type (Software, Services), deployment type (On-Premise, Cloud), Application** (Supply Chain Analytics, Risk Analytics, Spend Analytics, Demand Forecasting, Contract Management), end-user (Manufacturing, Supply Chain & Logistic, Retail, and E-commerce, BFSI, IT & Telecommunication), and geography (North America, Europe, Asia Pacific, Rest of the World). The market size and forecasts are provided in terms of value (USD billion) for all the above segments.

Procurement Analytics Industry Overview

The procurement analytics market is highly competitive. Players in the market are continuously adopting strategies like innovations in their products, partnerships, acquisitions, and others to increase their market presence.

In January 2023, Zycus Inc has announced DeAcero transforms its procurement processes with Zycus' AI-enabled S2P solutions to accelerate its source-to-pay landscape, where DeAcerowill use Zycus' eProcurement, eInvoicing, sourcing, contract lifecycle management, request management, supplier information management, supplier risk management, spend analysis, and its Merlin AI offering

In November 2022, SAS Institute Inc and Regenerative Medicine Development Organization (ReMDO) were collaborating on the ReMDO RegeneratOR Test Bed, a novel regenerative medicine endeavor in North Carolina. The joint enterprise will serve as an economic development driver, helping to accelerate the growth of startups and scale up mid-to-large-sized companies with innovative and emerging technologies through access to state-of-the-art biomanufacturing equipment, industry expertise, talent, and training programs to support novel prototyping and commercial product development.