PUBLISHER: QKS Group | PRODUCT CODE: 1637596
PUBLISHER: QKS Group | PRODUCT CODE: 1637596
Market Share and Forecast: Spend Analytics Tools, 2023-2028, Worldwide (Bundle of Two Reports)
This product includes two reports: Market Share and Market Forecast.
Market Share Description:
QKS Group Reveals that Spend Analytics Market is Projected to Register a CAGR of 16.50% by 2028.
Today's spend analytics applications have progressed from offering cost-cutting recommendations to assisting organizations in visualizing and optimizing their spending across different categories, improving visibility into suppliers' pricing structures, and assisting in the supplier selection process to improve operational efficiency and reduce costs. With the advent of advanced analytics technologies, such as machine learning, artificial intelligence, automation, and NLP, spend analytics has evolved significantly, allowing them to track the outcome of strategic spend initiatives to compare against original goals in real-time. Modern spend analytics software provides detailed insights into spending patterns, supplier performance, contract compliance, and other critical metrics. They are designed to perform various sourcing functions, including defining business requirements, supplier discovery and management, online negotiations, and contract management with a variety of suppliers. Spend analytics also assist users with real-time visibility into potentially fraudulent activities, running automated supplier compliance checks and mitigating supplier risk.
Quadrant Knowledge Solutions defines Spend Analytics software as a "tool that gathers, cleans, clusters, categorizes, and analyses an organization's end-to-end procurement spend to identify opportunities for saving cost, increasing productivity, and enhancing supplier relationships." The tool incorporates data from various sources, including financial and third-party data, to decrease wasteful procurement spend, mitigate contract compliance risks, help make apt sourcing decisions, track and benchmark spend performance, and provide better visibility of expenditure data.
Market Forecast Description:
QKS Group Reveals that Spend Analytics Market is Projected to Register a CAGR of 16.50% by 2028.
Today's spend analytics applications have progressed from offering cost-cutting recommendations to assisting organizations in visualizing and optimizing their spending across different categories, improving visibility into suppliers' pricing structures, and assisting in the supplier selection process to improve operational efficiency and reduce costs. With the advent of advanced analytics technologies, such as machine learning, artificial intelligence, automation, and NLP, spend analytics has evolved significantly, allowing them to track the outcome of strategic spend initiatives to compare against original goals in real-time.
Modern spend analytics software provides detailed insights into spending patterns, supplier performance, contract compliance, and other critical metrics. They are designed to perform various sourcing functions, including defining business requirements, supplier discovery and management, online negotiations, and contract management with a variety of suppliers. Spend analytics also assist users with real-time visibility into potentially fraudulent activities, running automated supplier compliance checks and mitigating supplier risk.
TABLE OF CONTENTS
Market Share:
Chapter 01: Executive Summary
- Key Research Findings
- Top Predictions
- Top Trends
- Market Summary
Chapter 02: Market Overview
- Market Definition and Scope
- Key Factors Impacting the Market
- Drivers & Restraints
Chapter 03: Market Share Analysis
- Market Share by Region
- Market Share Worldwide
- Market Share USA
- Market Share Canada
- Market Share Latin America
- Market Share Western Europe
- Market Share Central & Eastern Europe
- Market Share Middle East & Africa
- Market Share China
- Market Share APAC Ex Japan & China
- Market Share Japan
- Market Share by Industry Verticals
- Market Share by Media & Entertainment
- Market Share by Retail
- Market Share by BFSI
- Market Share by Travel & Hospitality
- Market Share by Education
- Market Share by Public Sector
- Market Share by Healthcare & Life Science
- Market Share by Automotive
- Market Share by Food & Beverage
- Market Share by Deployment Type
- Market Share by Deployment Type: On prem
- Market Share by Deployment Type: Cloud
- Market Share by Customer Type
- Market Share by SMB
- Market Share by Large
- Market Share by Enterprise
Chapter 04: Company Profile
- Company Overview
- Analyst Perspectives and Analysis
Chapter 05: Appendix
- Research Methodologies
Market Forecast:
Chapter 01: Executive Summary
- Key Research Findings
- Top Predictions
- Top Trends
- Market Summary
Chapter 02: Market Overview
- Market Definition and Scope
- Key Factors Impacting the Market
- Drivers & Restraints
Chapter 03: Market Forecast Analysis
- Market Forecast by Region
- Market Forecast Global
- Market Forecast USA
- Market Forecast Canada
- Market Forecast Latin America
- Market Forecast Western Europe
- Market Forecast Central & Eastern Europe
- Market Forecast Middle East & Africa
- Market Forecast China
- Market Forecast APAC Ex Japan & China
- Market Forecast Japan
- Market Forecast by Industry Verticals
- Market Forecast by Media & Entertainment
- Market Forecast by Retail
- Market Forecast by BFSI
- Market Forecast by Travel & Hospitality
- Market Forecast by Education
- Market Forecast by Public Sector
- Market Forecast by Healthcare & Life Science
- Market Forecast by Automotive
- Market Forecast by Food & Beverage
- Market Forecast by Deployment Type
- Market Forecast by Deployment Type: On prem
- Market Forecast Deployment Type: Cloud
- Market Forecast by Customer Type
- Market Forecast by SMB
- Market Forecast by Large
- Market Forecast by Enterprise
Chapter 04: Company Profile
- Company Overview
- Analyst Perspectives and Analysis
Chapter 05: Appendix
- Research Methodologies
LIST OF FIGURES
Market Share:
- Fig. 1 Market Share of Spend Analytics Worldwide, 2024
- Fig. 2 Market Share of Spend Analytics USA, 2024
- Fig. 3 Market Share of Spend Analytics Canada, 2024
- Fig. 4 Market Share of Spend Analytics Latin America, 2024
- Fig. 5 Market Share of Spend Analytics Western Europe, 2024
- Fig. 6 Market Share of Spend Analytics Central & Eastern Europe, 2024
- Fig. 7 Market Share of Spend Analytics Middle East & Africa, 2024
- Fig. 8 Market Share of Spend Analytics Asia excluding Japan and China, 2024
- Fig. 9 Market Share of Spend Analytics Japan, 2024
- Fig. 10 Market Share of Spend Analytics China, 2024
- Fig. 11 Market Share of Spend Analytics IT & Telecom Industry, 2024
- Fig. 12 Market Share of Spend Analytics Banking & Financial Services Industry, 2024
- Fig. 13 Market Share of Spend Analytics Insurance Industry, 2024
- Fig. 14 Market Share of Spend Analytics Healthcare Industry, 2024
- Fig. 15 Market Share of Spend Analytics Government & Public Sector, 2024
- Fig. 16 Market Share of Spend Analytics Retail & eCommerce, 2024
- Fig. 17 Market Share of Spend Analytics Manufacturing, 2024
- Fig. 18 Market Share of Spend Analytics Hospitality, 2024
- Fig. 19 Market Share of Spend Analytics On-premises Deployment, 2024
- Fig. 20 Market Share of Spend Analytics Cloud Deployment, 2024
- Fig. 21 Market Share of Spend Analytics SMB Customers, 2024
- Fig. 22 Market Share of Spend Analytics Large Customers, 2024
- Fig. 23 Market Share of Spend Analytics Enterprise Customers, 2024
Market Forecast:
- Fig. 1 Market Forecast of Spend Analytics Worldwide, 2024-2028
- Fig. 2 Market Forecast of Spend Analytics USA, 2024-2028
- Fig. 3 Market Forecast of Spend Analytics Canada, 2024-2028
- Fig. 4 Market Forecast of Spend Analytics Latin America, 2024-2028
- Fig. 5 Market Forecast of Spend Analytics Western Europe, 2024-2028
- Fig. 6 Market Forecast of Spend Analytics Central & Eastern Europe, 2024-2028
- Fig. 7 Market Forecast of Spend Analytics Middle East & Africa, 2024-2028
- Fig. 8 Market Forecast of Spend Analytics Asia excluding Japan and China, 2024-2028
- Fig. 9 Market Forecast of Spend Analytics Japan, 2024-2028
- Fig. 10 Market Forecast of Spend Analytics China, 2024-2028
- Fig. 11 Market Forecast of Spend Analytics IT & Telecom Industry, 2024-2028
- Fig. 12 Market Forecast of Spend Analytics Banking & Financial Services Industry, 2024-2028
- Fig. 13 Market Forecast of Spend Analytics Insurance Industry, 2024-2028
- Fig. 14 Market Forecast of Spend Analytics Healthcare Industry, 2024-2028
- Fig. 15 Market Forecast of Spend Analytics Government & Public Sector, 2024-2028
- Fig. 16 Market Forecast of Spend Analytics Retail & eCommerce, 2024-2028
- Fig. 17 Market Forecast of Spend Analytics Manufacturing, 2024-2028
- Fig. 18 Market Forecast of Spend Analytics Hospitality, 2024-2028
- Fig. 19 Market Forecast of Spend Analytics On-premises Deployment, 2024-2028
- Fig. 20 Market Forecast of Spend Analytics Cloud Deployment, 2024-2028
- Fig. 21 Market Forecast of Spend Analytics SMB Customers, 2024-2028
- Fig. 22 Market Forecast of Spend Analytics Large Customers, 2024-2028
- Fig. 23 Market Forecast of Spend Analytics Enterprise Customers, 2024-2028
