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[ 英語タイトル ] Spend Analytics Market by Application (Financial Management, Risk Management, Governance and Compliance Management, Supplier Sourcing and Performance Management), Business Function, Deployment Model, and Vertical - Global Forecast to 2022


Product Code : MNMICT00108302
Survey : MarketsandMarkets
Publish On : February, 2021
Category : ICT and Telecom
Study Area : Global
Report format : PDF
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[Report Description]

Increasing need for supplier and market intelligence is expected to propel the market growth
The global spend analytics market size is estimated to grow from USD 1.33 billion in 2017 to USD 3.01 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 17.7%. Need for predictive analytics for businesses, requirement for better managing internal compliance policies and external contracts, and growing demand for cloud computing technology are other factors fueling the growth of this market. However, difficulty in migrating from legacy systems is the biggest restraint for the spend analytics market.
Finance business function is expected to record the largest market size in 2017 in spend analytics market. The trend is expected to continue during the forecast period
Finance departments need to constantly monitor, identify, and react with speed to various changes being implemented because of changes in regulation, risk, and compliance. By analyzing financial data along with pricing data, organizations can come up with strategies to improve profits and restrict unwanted spending. Spend analytics provides a platform to measure and standardize performance, monitor trends, and optimize strategies, which are instrumental in allocating capital, managing assets, and mitigating risks.
APAC is projected to grow at the highest rate during the forecast period
In 2017, North America is expected to dominate the spend analytics market with the largest market size. This trend is expected to continue throughout the forecast period. The spend analytics market is revealing a strong positive trend in this region, owing to the easy availability of spend analytics solutions. Various companies and industries are adopting spend analytics software and services to create business models that support real-time decision-making with data and improve productivity. The Asia Pacific (APAC) region is expected to exhibit the highest growth rate. This growth can be attributed to growing awareness, surge in spend data, and increasing demand for real-time spend analytics.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of the profiles of the primary participants is given below:
• By Company: Tier 1: 22%, Tier 2: 30%, and Tier 3: 48%
• By Designation: C-level: 30%, Director level: 45%, and Others: 25%
• By Region: North America: 48%, Europe: 30%, and APAC: 22%
The key vendors profiled in the report are as follows:
1. SAP SE (Germany)
2. SAS Institute, Inc. (US)
3. IBM Corporation (US)
4. Oracle Corporation (US)
5. Coupa Software Inc. (US)
6. Zycus Inc. (US)
7. Proactis (UK)
8. Empronc Solutions Pvt. Ltd. (India)
9. JAGGAER (US)
10. Rosslyn Analytics, Ltd. (UK)
11. Ivalua Inc. (US)
12. BravoSolution SPA (US)

Research Coverage
The report segments the spend analytics market based on components, which include software and services; the services segment is further segmented into managed services and professional services. Under professional services, the report is further segmented into support and maintenance, and consulting services. Based on deployment models, the market is segmented into on-premises and hosted. Under organization size, it is segmented into Small and Medium-Sized Enterprises (SMEs) and large organizations, whereas under the application segment, the market is segmented into financial management, risk management, governance and compliance management, supplier sourcing and performance management, demand and supply forecasting, and others. Under business function, the market includes finance, Information Technology (IT), marketing, and procurement. Under analytics type, the market includes predictive, prescriptive, and descriptive. Under verticals, the market includes manufacturing, retail and eCommerce, government and defense, healthcare and life sciences, telecommunications and IT, energy and utilities, BFSI, and others. The regions are segmented into North America, Europe, APAC, Middle East and Africa (MEA), and Latin America.
Reasons to buy the report
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the spend analytics market comprehensively and provides the closest approximations of the revenue numbers for the overall market and subsegments across different verticals and regions.
2. The report helps stakeholders to understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to better understand the competitors and gain more insights to enhance their position in the business. The competitive landscape section includes new product launches; partnerships, agreements, and collaborations; mergers and acquisitions; and expansions.

TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 MARKET SCOPE 16
1.4 YEARS CONSIDERED FOR THE STUDY 18
1.5 CURRENCY 18
1.6 STAKEHOLDERS 19
2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 20
2.1.1 SECONDARY DATA 21
2.1.2 PRIMARY DATA 21
2.1.2.1 Breakdown of primaries 22
2.1.2.2 Key industry insights 22
2.2 MARKET SIZE ESTIMATION 24
2.3 MICROQUADRANT RESEARCH METHODOLOGY 25
2.4 RESEARCH ASSUMPTIONS 27
2.5 LIMITATIONS 27
3 EXECUTIVE SUMMARY 28
4 PREMIUM INSIGHTS 34
4.1 ATTRACTIVE OPPORTUNITIES IN THE SPEND AND PROCUREMENT ANALYTICS MARKET 34
4.2 SPEND AND PROCUREMENT ANALYTICS MARKET: MARKET SHARE, BY REGION 35
4.3 SPEND AND PROCUREMENT ANALYTICS MARKET: BY VERTICAL AND REGION 36
4.4 LIFE CYCLE ANALYSIS, BY REGION, 2017 36
5 MARKET OVERVIEW AND INDUSTRY TRENDS 38
5.1 MARKET OVERVIEW 38
5.1.1 INTRODUCTION 38
5.1.2 MARKET DYNAMICS 38
5.1.3 DRIVERS 39
5.1.3.1 Increasing need for supplier and market intelligence 39
5.1.3.2 Predictive analytics for businesses 40
5.1.3.3 Need to better manage internal compliance polices and external contracts 40
5.1.4 RESTRAINTS 41
5.1.4.1 Difficulty in migrating from legacy systems 41

5.1.5 OPPORTUNITIES 41
5.1.5.1 Rise in mobile applications 41
5.1.5.2 Growing demand for cloud computing technology 41
5.1.6 CHALLENGES 42
5.1.6.1 Lack of standardized process 42
5.1.6.2 Large number of data sources 42
5.2 INDUSTRY TRENDS 42
5.2.1 SPEND AND PROCUREMENT ANALYTICS MARKET: USE CASES 43
5.2.1.1 Introduction 43
5.2.1.2 Use Case 1: Manufacturing 43
5.2.1.3 Use Case 2: Agriculture 44
5.2.1.4 Use Case 3: Education 44
5.2.1.5 Use Case 4: Outsourcing/Offshoring 45
5.2.1.6 Use Case 5: Education 46
5.3 SPEND ANALYTICS PROCESS 46
5.4 TECHNOLOGIES IN THE SPEND AND PROCUREMENT ANALYTICS MARKET 47
5.4.1 BIG DATA 47
5.4.2 ARTIFICIAL INTELLIGENCE 47
5.4.3 CLOUD COMPUTING 48
5.4.4 ADVANCED ANALYTICS 48
5.4.5 BUSINESS INTELLIGENCE (BI) 48
6 SPEND AND PROCUREMENT ANALYTICS MARKET ANALYSIS, BY APPLICATION 49
6.1 INTRODUCTION 50
6.2 FINANCIAL MANAGEMENT 51
6.3 RISK MANAGEMENT 52
6.4 GOVERNANCE AND COMPLIANCE MANAGEMENT 53
6.5 SUPPLIER SOURCING AND PERFORMANCE MANAGEMENT 53
6.6 DEMAND AND SUPPLY FORECASTING 54
6.7 OTHERS 55
7 SPEND AND PROCUREMENT ANALYTICS MARKET ANALYSIS, BY COMPONENT 57
7.1 INTRODUCTION 58
7.2 SOFTWARE 59
7.3 SERVICES 60
7.3.1.1 Managed services 61
7.3.1.2 Professional services 62
7.3.2 SUPPORT AND MAINTENANCE 63
7.3.3 CONSULTING 64
8 SPEND AND PROCUREMENT ANALYTICS MARKET ANALYSIS, BY ANALYTICS TYPE 65
8.1 INTRODUCTION 66
8.2 PREDICTIVE ANALYTICS 67
8.3 PRESCRIPTIVE ANALYTICS 67
8.4 DESCRIPTIVE ANALYTICS 68
9 SPEND AND PROCUREMENT ANALYTICS MARKET ANALYSIS, BY BUSINESS FUNCTION 70
9.1 INTRODUCTION 71
9.2 FINANCE 72
9.3 INFORMATION TECHNOLOGY 72
9.4 MARKETING 73
9.5 PROCUREMENT 74
10 SPEND AND PROCUREMENT ANALYTICS MARKET ANALYSIS, BY DEPLOYMENT MODEL 75
10.1 INTRODUCTION 76
10.2 ON-PREMISES 77
10.3 CLOUD 77
11 SPEND AND PROCUREMENT ANALYTICS MARKET ANALYSIS, BY ORGANIZATION SIZE 79
11.1 INTRODUCTION 80
11.2 SMALL AND MEDIUM-SIZED BUSINESSES 81
11.3 LARGE ENTERPRISES 81
12 SPEND AND PROCUREMENT ANALYTICS MARKET ANALYSIS, BY VERTICAL 83
12.1 INTRODUCTION 84
12.2 MANUFACTURING 85
12.3 RETAIL AND ECOMMERCE 86
12.4 GOVERNMENT AND DEFENSE 86
12.5 HEALTHCARE AND LIFE SCIENCES 87
12.6 TELECOMMUNICATIONS AND IT 88
12.7 BANKING, FINANCIAL SERVICES, AND INSURANCE 88
12.8 ENERGY AND UTILITIES 89
12.9 OTHERS 90

13 GEOGRAPHIC ANALYSIS 92
13.1 INTRODUCTION 93
13.2 NORTH AMERICA 95
13.3 EUROPE 100
13.4 ASIA PACIFIC 104
13.5 MIDDLE EAST AND AFRICA 109
13.6 LATIN AMERICA 113
14 COMPETITIVE LANDSCAPE 117
14.1 MICROQUADRANT OVERVIEW 117
14.1.1 VANGUARDS 117
14.1.2 INNOVATORS 117
14.1.3 DYNAMIC 117
14.1.4 EMERGING 117
14.2 COMPETITIVE BENCHMARKING 119
14.2.1 BUSINESS STRATEGIES ADOPTED BY MAJOR PLAYERS IN THE SPEND AND PROCUREMENT ANALYTICS MARKET 119
14.2.2 ANALYSIS OF PRODUCT PORTFOLIO OF MAJOR PLAYERS IN THE SPEND AND PROCUREMENT ANALYTICS MARKET 120
15 COMPANY PROFILES 121
(Business Overview, Product Offerings & Business Strategies, Key Insights, Recent Developments, MnM View)*
15.1 SAP SE 121
15.2 SAS INSTITUTE INC. 126
15.3 INTERNATIONAL BUSINESS MACHINES CORPORATION 130
15.4 ORACLE CORPORATION 134
15.5 COUPA SOFTWARE INCORPORATED 138
15.6 ZYCUS INC. 143
15.7 PROACTIS 148
15.8 EMPRONC SOLUTIONS PVT. LTD. 152
15.9 JAGGAER 154
15.10 ROSSLYN DATA TECHNOLOGIES PLC 159
15.11 IVALUA INC. 164
15.12 BRAVOSOLUTION SPA 168
*Details on Business Overview, Product Offerings & Business Strategies, Key Insights, Recent Developments, MnM View might not be captured in case of unlisted companies.

16 APPENDIX 172
16.1 KEY INSIGHTS OF INDUSTRY EXPERTS 172
16.2 DISCUSSION GUIDE 173
16.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 177
16.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 179
16.5 AVAILABLE CUSTOMIZATIONS 180
16.6 RELATED REPORTS 180
16.7 AUTHOR DETAILS 181

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