Market Share of Procurement Analytics Industry
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.
Procurement Analytics Market Leaders
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SAP SE
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Oracle Corporation
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IBM Corporation
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SAS Institute Inc.
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Zycus Inc.
*Disclaimer: Major Players sorted in no particular order
