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Global “Procurement Analytics Market” report provided deep analysis of the vendor landscape to give you a complete picture of current and future competitive scenarios of the global market. The market report elaborates the various affecting factors like market share, competitive intelligence and growth opportunity. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The Procurement Analytics market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The global Procurement Analytics market to grow at a CAGR of almost 20%% during the period 2019-2023.
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About Procurement Analytics Market:
Procurement analysis solution analyzes quantitative data of procurement to derive outcomes from datasets and provide actionable insights. procurement analytics market analysis considers the deployment of on-premises procurement analytics and cloud-based procurement analytics.
Need to improve business efficiencyThe increasing adoption of new technologies across the manufacturing and healthcare industries has led to the generation of a large amount of data. Enterprises are becoming aware of leveraging this data to optimize their procurement costs and increase their revenue using procurement analytics. This is helping organizations by creating growth opportunities by limiting errors and failure rates. The procurement analytics solutions help organizations in identifying risks and trends associated with businesses and accelerates the management and planning of complex contract and projects. Many such benefits offered by procurement analytics has increased their demand among organizations and is driving the growth of the global procurement analytics market size at a CAGR of almost 20% during the forecast period.Integration of artificial intelligence (AI) in procurement processIntegration of AI in procurement process helps enterprises in making the process more efficient and provides enterprises a centralized view of their businesses. AI also notifies about the cost discrepancies, provide data about unusual order frequencies, and detect patterns that help enterprises in understanding potential frauds and identify top-performing trading partners and suppliers. The integration of AI in the procurement process will have a positive impact on the growth of the market.
Some Key Players of Global Procurement Analytics Market Are:
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Highlights of the Procurement Analytics market report:
Important Key questions answered in Procurement Analytics market report:
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Detailed TOC of Procurement Analytics Market Report 2019-2023:
PART 01: EXECUTIVE SUMMARYPART 02: SCOPE OF THE REPORT2.1 Preface2.2 Preface2.3 Currency conversion rates for US$PART 03: MARKET LANDSCAPEMarket ecosystemMarket characteristicsMarket segmentation analysisPART 04: MARKET SIZINGMarket definitionMarket sizing 2018Market size and forecast 2018-2023PART 05: FIVE FORCES ANALYSISBargaining power of buyersBargaining power of suppliersThreat of new entrantsThreat of substitutesThreat of rivalryMarket conditionPART 06: MARKET SEGMENTATION BY DEPLOYMENTMarket segmentation by deploymentComparison by deploymentOn-premises – Market size and forecast 2018-2023Cloud-based – Market size and forecast 2018-2023Market opportunity by deploymentPART 07: CUSTOMER LANDSCAPEPART 08: GEOGRAPHIC LANDSCAPEGeographic segmentationGeographic comparisonNorth America – Market size and forecast 2018-2023Europe – Market size and forecast 2018-2023APAC – Market size and forecast 2018-2023MEA – Market size and forecast 2018-2023South America – Market size and forecast 2018-2023Key leading countriesMarket opportunityPART 09: DECISION FRAMEWORKPART 10: DRIVERS AND CHALLENGESMarket driversMarket challengesPART 11: MARKET TRENDSPART 12: VENDOR LANDSCAPEOverviewLandscape disruptionCompetitive scenarioPART 13: VENDOR ANALYSISVendors coveredVendor classificationMarket positioning of vendorsCoupa Software Inc.IBM Corp.Oracle Corp.SAP SESAS Institute Inc.PART 14: APPENDIXResearch methodologyList of abbreviationsDefinition of market positioning of vendors
Name: Ajay More
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