Market Overview:
The Global Spend Analytics Market was valued at USD 1.21 billion in 2016 and is projected to reach USD 5.33 billion by 2025, growing at a CAGR of 17.86% from 2017 to 2025.
Spend analytics is the process of collecting, cleansing, classifying and analyzing expenditure data with the purpose of decreasing procurement costs, improving efficiency, and monitoring compliance. It can also be used in other areas of business such as inventory management, budgeting and planning, and product development. Spend analytics solution can benefit the organization in several ways including - identify savings opportunities, drive policy and contract compliance, create an auditable record of enterprise spend, and ensures best practice helping in continuous improvements in sourcing and vendor management.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Increasing use of mobile applications
1.2 Increasing demand for cloud computing technology
1.3 Increasing need for better management of internal compliance policies and external contracts
1.4 Rising need for suppliers and market intelligence
1.5 Growing demand for predictive analytics for business
2. Market Restraints
2.1 Increasing number of data sources
2.2 No standardized process
2.3 Complexities related to migrate from legacy systems
Market Segmentation:
The Global Spend Analytics Market is segmented on the analytics type, business function, organization size, component, deployment model, application, vertical, and region.
1. By Analytics Type:
1.1 Descriptive
1.2 Predictive
1.3 Prescriptive
2. By Business Function:
2.1 Information Technology
2.2 Finance
2.3 Procurement
2.4 Marketing
3. Organization Size:
3.1 Large Enterprises
3.2 Small and Medium Organizations
4. By Component:
4.1 Software
4.2 Services
4.2.1 Managed services
4.2.2 Professional services
4.2.2.1 Support and maintenance services
4.2.2.2 Consulting services
5. By Deployment Mode:
5.1 Cloud-based
5.2 On-premises
6. By Application:
6.1 Financial management
6.2 Demand and supply forecasting
6.3 Risk management
6.4 Supplier sourcing and performance management
6.5 Governance and compliance management
7. By Vertical:
7.1 Healthcare
7.2 Government and Defense
7.3 IT and Telecom
7.4 Banking, Financial Services, and Insurance (BFSI)
7.5 Energy and Utilities
7.6 Retail and e-commerce
7.7 Manufacturing
7.8 Others
8. By Region:
8.1 North America (U.S., Canada, Mexico)
8.2 Europe (Germany, UK, France, Rest of Europe)
8.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
8.4 Latin America (Brazil, Argentina, Rest of Latin America)
8.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. IBM Corporation
2. SAP
3. Coupa Software
4. Bravosolution
5. SAS Institute
6. Oracle
7. Zycus
8. Ivalua
9. Rosslyn Data Technologies
10. Jaggaer
11. Empronc Solutions
12. Proactis
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Spend Analytics Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team
INTRODUCTION OF GLOBAL SPEND ANALYTICS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL SPEND ANALYTICS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
4.5 Regulatory Framework
5 GLOBAL SPEND ANALYTICS MARKET BY ANALYTICS TYPE
5.1 Descriptive
5.2 Predictive
5.3 Prescriptive
6 GLOBAL SPEND ANALYTICS MARKET BY BUSINESS FUNCTION
6.1 Information Technology
6.2 Finance
6.3 Procurement
6.4 Marketing
7 GLOBAL SPEND ANALYTICS MARKET BY ORGANIZATION SIZE
7.1 Large Enterprises
7.2 Small and Medium Organizations
8 GLOBAL SPEND ANALYTICS MARKET BY COMPONENT
8.1 Software
8.2 Services
8.2.1 Managed services
8.2.2 Professional services
8.2.2.1 Support and maintenance services
8.2.2.2 Consulting services
9 GLOBAL SPEND ANALYTICS MARKET BY DEPLOYMENT MODE
9.1 Cloud-based
9.2 On-premises
10 GLOBAL SPEND ANALYTICS MARKET BY APPLICATION
10.1 Financial management
10.2 Demand and supply forecasting
10.3 Risk management
10.4 Supplier sourcing and performance management
10.5 Governance and compliance management
11 GLOBAL SPEND ANALYTICS MARKET BY VERTICAL
11.1 Healthcare
11.2 Government and Defense
11.3 IT and Telecom
11.4 Banking, Financial Services, and Insurance (BFSI)
11.5 Energy and Utilities
11.6 Retail and e-commerce
11.7 Manufacturing
11.8 Others
12 GLOBAL SPEND ANALYTICS MARKET , BY GEOGRAPHY
12.1 Overview
12.2 North America Regional Market Estimates and Forecasts, 2012 - 2025
12.2.1 U.S.
12.2.2 Canada
12.2.3 Mexico
12.3 Europe Regional Market Estimates and Forecasts, 2012 - 2025
12.3.1 Germany
12.3.2 U.K.
12.3.3 France
12.3.4 Rest of Europe
12.4 Asia Pacific Regional Market Estimates and Forecasts, 2012 - 2025
12.4.1 China
12.4.2 Japan
12.4.3 India
12.4.4 Rest of Asia Pacific
12.5 Latin America Regional Market Estimates and Forecasts, 2012 - 2025
12.5.1 Brazil
12.5.2 Argentina
12.6 Rest of the World Regional Market Estimates and Forecasts, 2012 â€" 2025
13 GLOBAL SPEND ANALYTICS MARKET COMPETITIVE LANDSCAPE
13.1 Overview
13.2 Company Market Share
13.3 Vendor Landscape
13.4 Key Development Strategies
14 COMPANY PROFILES
14.1 IBM Corporation
14.1.1 Overview
14.1.2 Financial Performance
14.1.3 Product Outlook
14.1.4 Key Developments
14.2 SAP
14.2.1 Overview
14.2.2 Financial Performance
14.2.3 Product Outlook
14.2.4 Key Developments
14.3 Coupa Software
14.3.1 Overview
14.3.2 Financial Performance
14.3.3 Product Outlook
14.3.4 Key Developments
14.4 Bravosolution
14.4.1 Overview
14.4.2 Financial Performance
14.4.3 Product Outlook
14.4.4 Key Developments
14.5 SAS Institute
14.5.1 Overview
14.5.2 Financial Performance
14.5.3 Product Outlook
14.5.4 Key Developments
14.6 Oracle
14.6.1 Overview
14.6.2 Financial Performance
14.6.3 Product Outlook
14.6.4 Key Developments
14.7 Zycus
14.7.1 Overview
14.7.2 Financial Performance
14.7.3 Product Outlook
14.7.4 Key Developments
14.8 Ivalua
14.8.1 Overview
14.8.2 Financial Performance
14.8.3 Product Outlook
14.8.4 Key Developments
14.9 Rosslyn Data Technologies
14.9.1 Overview
14.9.2 Financial Performance
14.9.3 Product Outlook
14.9.4 Key Developments
14.10 Jaggaer
14.10.1 Overview
14.10.2 Financial Performance
14.10.3 Product Outlook
14.10.4 Key Developments
14.11 Empronc Solutions
14.11.1 Overview
14.11.2 Financial Performance
14.11.3 Product Outlook
14.11.4 Key Developments
14.12 Proactis
14.12.1 Overview
14.12.2 Financial Performance
14.12.3 Product Outlook
14.12.4 Key Developments
15 Appendix
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