PUBLISHER: QKS Group | PRODUCT CODE: 1637597
PUBLISHER: QKS Group | PRODUCT CODE: 1637597
Market Share and Forecast: Spend Analytics Tools, 2023-2028, Western Europe (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 above average by 2028 in Western Europe.
Western Europe has emerged as one of the most rapidly expanding markets for Spend Analytics tools. The spend analytics market in Western Europe is experiencing substantial growth, driven by increasing digitalization, the adoption of advanced analytics, and the need for better cost management across industries. Key drivers of this growth include digital transformation, application in supply chain and logistics, and integration of AI and machine learning. Industries such as retail, manufacturing, BFSI, and IT & telecommunications are leading the adoption of spend analytics solutions in the region. Overall, technological advancements and a growing demand for efficient spend management solutions across various industries are propelling the market forward.
Quadrant Knowledge Solutions defines spend analytics software as "software 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 software integrates data from various sources, such as financial data and third-party data sources, to decrease wasteful procurement spend, mitigate contract compliance risks, help with making apt sourcing decisions, track and benchmark spend performance, and provide better visibility into expenditure data.
Market Forecast Description:
QKS Group Reveals that Spend Analytics Market is Projected to Register a CAGR of average by 2028 in Western Europe.
Western Europe has emerged as one of the most rapidly expanding markets for Spend Analytics tools. The spend analytics market in Western Europe is experiencing substantial growth, driven by increasing digitalization, the adoption of advanced analytics, and the need for better cost management across industries. Key drivers of this growth include digital transformation, application in supply chain and logistics, and integration of AI and machine learning. Industries such as retail, manufacturing, BFSI, and IT & telecommunications are leading the adoption of spend analytics solutions in the region. Overall, technological advancements and a growing demand for efficient spend management solutions across various industries are propelling the market forward.
Quadrant Knowledge Solutions defines spend analytics software as "software 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 software integrates data from various sources, such as financial data and third-party data sources, to decrease wasteful procurement spend, mitigate contract compliance risks, help with making apt sourcing decisions, track and benchmark spend performance, and provide better visibility into expenditure data.
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
- Western Europe Market Share
- Western Europe 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
- Western Europe Market Share by Deployment Type
- Market Share by Deployment Type: On prem
- Market Share by Deployment Type: Cloud
- Western Europe 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
- Western Europe Market Forecast
- Western Europe Market Forecast by Industry Verticals
- Market Forecast by Manufacturing
- 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
- Western Europe Market Forecast by Deployment Type
- Market Forecast by Deployment Type: On prem
- Market Forecast by Deployment Type: Cloud
- Western Europe 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 Latin America, 2023
- Fig. 2 WESTERN EUROPE Market Share of Spend Analytics IT & Telecom Industry, 2023
- Fig. 3 WESTERN EUROPE Market Share of Spend Analytics Banking & Financial Services Industry, 2023
- Fig. 4 WESTERN EUROPE Market Share of Spend Analytics Insurance Industry, 2023
- Fig. 5 WESTERN EUROPE Market Share of Spend Analytics Healthcare Industry, 2023
- Fig. 6 WESTERN EUROPE Market Share of Spend Analytics Government & Public Sector, 2023
- Fig. 7 WESTERN EUROPE Market Share of Spend Analytics Retail & eCommerce, 2023
- Fig. 8 WESTERN EUROPE Market Share of Spend Analytics Manufacturing, 2023
- Fig. 9 WESTERN EUROPE Market Share of Spend Analytics Hospitality, 2023
- Fig. 10 WESTERN EUROPE Market Share of Spend Analytics On-premises Deployment, 2023
- Fig. 11 WESTERN EUROPE Market Share of Spend Analytics Cloud Deployment, 2023
- Fig. 12 WESTERN EUROPE Market Share of Spend Analytics SMB Customers, 2023
- Fig. 13 WESTERN EUROPE Market Share of Spend Analytics Large Customers, 2023
- Fig. 14 WESTERN EUROPE Market Share of Spend Analytics Enterprise Customers, 2023
Market Forecast:
- Fig. 1 Market Forecast of Spend Analytics Tools Western Europe, 2024- 2028
- Fig. 2 Market Forecast of Spend Analytics Tools IT & Telecom Industry, 2024- 2028
- Fig. 3 Market Forecast of Spend Analytics Tools Banking & Financial Services Industry, 2023
- Fig. 4 Market Forecast of Spend Analytics Tools Insurance Industry, 2024- 2028
- Fig. 5 Market Forecast of Spend Analytics Tools Healthcare Industry, 2024- 2028
- Fig. 6 Market Forecast of Spend Analytics Tools Government & Public Sector, 2024- 2028
- Fig. 7 Market Forecast of Spend Analytics Tools Retail & eCommerce, 2024- 2028
- Fig. 8 Market Forecast of Spend Analytics Tools Manufacturing, 2024- 2028
- Fig. 9 Market Forecast of Spend Analytics Tools Hospitality, 2024- 2028
- Fig. 10 Market Forecast of Spend Analytics Tools On-premises Deployment, 2024- 2028
- Fig. 11 Market Forecast of Spend Analytics Tools Cloud Deployment, 2024- 2028
- Fig. 12 Market Forecast of Spend Analytics Tools SMB Customers, 2024- 2028
- Fig. 13 Market Forecast of Spend Analytics Tools Large Customers, 2024- 2028
- Fig. 14 Market Forecast of Spend Analytics Tools Enterprise Customers, 2024- 2028
