DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Spend Analytics Market - Global Forecast to 2022" report to their offering.
The spend analytics market is expected 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%. Factors such as increasing need for supplier and market intelligence, predictive analytics for businesses, need to better manage internal compliance policies and external contracts, and growing demand for cloud computing technology are driving the global market.
The report provides detailed insights into the global spend analytics market, which is segmented by application, component, analytics type, business function, deployment model, organization size, vertical, and region.
In the component segment, spend analytics software segment is expected to have the largest market share during the forecast period. The demand for spend analytics software is rising as organizations are looking for solutions to obey strict governance and compliance policies related to their accounts and spend data, increasing adoption of market intelligence by suppliers, and the necessity to keep company's expenditure to the minimum without affecting its operations.
Among applications, financial management is expected to continue its dominance during the forecast period. In order to bridge the gap between financial performance and operational performance, organizations are adopting spend analytics software and services.
The cloud deployment model is expected to exhibit a higher adoption, compared to the on-premises deployment model. The demand for cloud-driven Application Program Interfaces (APIs) is rising among customers, which in turn is supporting the growth of cloud-based deployment models.
Companies Mentioned
- Bravosolution Spa
- Coupa Software Incorporated
- Empronc Solutions Pvt. Ltd.
- International Business Machines Corporation
- Ivalua Inc.
- Jaggaer
- Oracle Corporation
- Proactis
- Rosslyn Data Technologies Plc
- Sap Se
- Sas Institute Inc.
-
Zycus Inc.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview And Industry Trends
6 Spend And Procurement Analytics Market Analysis, By Application
7 Spend And Procurement Analytics Market Analysis, By Component
8 Spend And Procurement Analytics Market Analysis, By Analytics Type
9 Spend And Procurement Analytics Market Analysis, By Business Function
10 Spend And Procurement Analytics Market Analysis, By Deployment Model
11 Spend And Procurement Analytics Market Analysis, By Organization Size
12 Spend And Procurement Analytics Market Analysis, By Vertical
13 Geographic Analysis
14 Competitive Landscape
15 Company Profiles
16 Appendix
For more information about this report visit https://www.researchandmarkets.com/research/xsmptr/spend_analytics
