Global Procurement Analytics Market Size & Outlook
Global procurement analytics market, 2018-2030 (US$M)
Related Markets
Global procurement analytics market highlights
- The global procurement analytics market generated a revenue of USD 3,329.6 million in 2022 and is expected to reach USD 18,175.2 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 23.6% by 2030.
- In terms of segment, solution accounted for a revenue of USD 2,488.8 million in 2022.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2022.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 3,329.6 million |
| Market revenue in 2030 | USD 18,175.2 million |
| Growth rate | 23.6% (CAGR from 2022 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 39.6% of the global procurement analytics market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 4,357.5 million by 2030.
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Procurement Analytics Market Scope
Procurement Analytics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global procurement analytics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to procurement analytics market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 74.75% in 2022. Horizon Databook has segmented the Global procurement analytics market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Procurement Analytics Component Outlook (Revenue, USD Million, 2018-2030)
- Solution
- Services
- Global Procurement Analytics Deployment Outlook (Revenue, USD Million, 2018-2030)
- On-premise
- Cloud
- Global Procurement Analytics Application Outlook (Revenue, USD Million, 2018-2030)
- Spend Analytics
- Risk Analytics
- Supply Chain Management
- Vendor Analytics
- Contract Management
- Others
- Global Procurement Analytics Organization Outlook (Revenue, USD Million, 2018-2030)
- Small and Medium Enterprise
- Large Enterprise
- Global Procurement Analytics Vertical Outlook (Revenue, USD Million, 2018-2030)
- BFSI
- Retail and eCommerce
- Telecom and IT
- Manufacturing
- Healthcare and Life Sciences
- Energy and Utilities
- Government and Defense
- Others
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Target buyers of Global procurement analytics market databook
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Our clientele includes a mix of procurement analytics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global procurement analytics market , including forecasts for subscribers. This global databook contains high-level insights into Global procurement analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global procurement analytics market size, by regions, 2018-2030 (US$M)
Top 10 countries: Procurement analytics market size, 2022 (US$M)
Global procurement analytics market share, by component, 2022 & 2030 (%, US$M)
Procurement analytics market: Opportunity assessment by country
Global procurement analytics market, by region, 2022 (US$M)
Related industry reports
Related regional statistics
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