Seattle, WA -- (SBWIRE) -- 11/04/2019 -- Procurement Data Analytics is the process which includes inspection, cleaning, transformation, and modelling of the data with the purpose of highlighting useful information and proposing conclusions.
The increasing focus on enhancing procurement channels operational efficiencies, an imminent need to handle compliance polices and contracts, organizations struggle to sustain their position in the competitive environment are main drivers for the procurement analytics market. The market for services segment is growing as individuals, Small and Medium-sized Enterprises (SMEs), and large enterprises are adopting services to enhance their productivity.
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The procurement analytics market study aims at estimating the market size and future growth potential of the market across segments, namely components (solutions and services), application areas, deployment types, organization sizes, verticals, and regions.
In this report, the global Procurement Analytics market is valued at USD XX million in 2019 and is projected to reach USD XX million by the end of 2023, growing at a CAGR of 19.6% during the period 2019 to 2023.
The demand for procurement analytics solutions is rising, as organizations are looking for solutions to comply with stringent regulations related to their accounts and procurement data, increasing adoption of market intelligence by suppliers, and the necessity to keep company's expenditure to the minimum without affecting its operations.
Major Players operating in market includes: Simfoni Analytics Ltd., Proactis Holdings PLC., JAGGAER Inc., Zycus Inc., SAP SE, Oracle Corporation, IBM Corporation, Coupa Software Incorporated, Genpact Limited, Rosslyn Data Technologies
Key Reasons to Purchase:
1) To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
2) Assess the production processes, major issues, and solutions to mitigate the development risk.
3) To understand the most affecting driving and restraining forces in the Procurement Analytics market and its impact in the global market.
4) Learn about the Procurement Analytics market strategies that are being adopted by leading respective organizations.
5) To understand the future outlook and prospects for the market during years 2019-2023.
In the end, Procurement Analytics market report provides valuable information for companies like manufacturers, suppliers, distributors, traders, customers, investors and individuals who have interests in this industry.
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