China Procurement Analytics Market Size & Outlook
China procurement analytics market, 2018-2030 (US$M)
Related Markets
China procurement analytics market highlights
- The China procurement analytics market generated a revenue of USD 252.6 million in 2022 and is expected to reach USD 1,465.5 million by 2030.
- The China market is expected to grow at a CAGR of 24.6% from 2023 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2022.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Procurement analytics market data book summary
| Market revenue in 2022 | USD 252.6 million |
| Market revenue in 2030 | USD 1,465.5 million |
| Growth rate | 24.6% (CAGR from 2022 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | SAP SE, Oracle Corp, SAS, Genpact Ltd, Microsoft Corp, International Business Machines Corp, Cisco Systems Inc, Coupa Software, Rosslyn Data Technologies, GEP |
Other key industry trends
- In terms of revenue, China accounted for 7.6% of the global procurement analytics market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China procurement analytics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 742.5 million by 2030.
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Procurement Analytics Market Scope
Procurement Analytics Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 76.48% in 2022. Horizon Databook has segmented the China procurement analytics market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of China 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 country-level data and insights on the China procurement analytics market , including forecasts for subscribers. This country databook contains high-level insights into China procurement analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China procurement analytics market size, by component, 2018-2030 (US$M)
China Procurement Analytics Market Outlook Share, 2022 & 2030 (US$M)
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