PUBLISHER: QKS Group | PRODUCT CODE: 1637600
PUBLISHER: QKS Group | PRODUCT CODE: 1637600
Market Share and Forecast: Spend Analytics Tools, 2023-2028, Latin America (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 Latin America.
The spend analytics market in Latin America has been experiencing notable growth, driven by the increasing adoption of data-driven decision-making processes and the need for improved cost management and procurement strategies. Key trends include the integration of AI and Machine Learning, ERP systems, and cloud-based solutions. Despite challenges such as integration issues, lack of skilled professionals, and resistance to change from traditional procurement practices, the market is poised for robust growth. Advancements in technology, increasing adoption of cloud solutions, and the rising importance of data-driven insights in strategic decision-making are driving this growth. Companies are expected to continue investing in advanced analytics solutions to gain a competitive edge and enhance operational efficiency.
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 above average by 2028 in Latin America.
Latin America has emerged as one of the most rapidly expanding markets for Spend Analytics tools. The spend analytics market in Latin America is poised for significant growth in the coming years. According to recent reports, the market is expected to see a substantial increase due to the rising adoption of cloud services, digital transformation across industries, and increasing penetration of IoT applications. Key drivers of this growth include the need for better procurement processes, cost reduction, and enhanced operational efficiencies. 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
- Latin America Market Share
- Latin America 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
- Latin America Market Share by Deployment Type
- Market Share by Deployment Type: On prem
- Market Share by Deployment Type: Cloud
- Latin America 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
- LATIN AMERICA Market Forecast
- LATIN AMERICA 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
- LATIN AMERICA Market Forecast by Deployment Type
- Market Forecast by Deployment Type: On prem
- Market Forecast by Deployment Type: Cloud
- LATIN AMERICA 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 LATIN AMERICA Market Share of Spend Analytics IT & Telecom Industry, 2023
- Fig. 3 LATIN AMERICA Market Share of Spend Analytics Banking & Financial Services Industry, 2023
- Fig. 4 LATIN AMERICA Market Share of Spend Analytics Insurance Industry, 2023
- Fig. 5 LATIN AMERICA Market Share of Spend Analytics Healthcare Industry, 2023
- Fig. 6 LATIN AMERICA Market Share of Spend Analytics Government & Public Sector, 2023
- Fig. 7 LATIN AMERICA Market Share of Spend Analytics Retail & eCommerce, 2023
- Fig. 8 LATIN AMERICA Market Share of Spend Analytics Manufacturing, 2023
- Fig. 9 LATIN AMERICA Market Share of Spend Analytics Hospitality, 2023
- Fig. 10 LATIN AMERICA Market Share of Spend Analytics On-premises Deployment, 2023
- Fig. 11 LATIN AMERICA Market Share of Spend Analytics Cloud Deployment, 2023
- Fig. 12 LATIN AMERICA Market Share of Spend Analytics SMB Customers, 2023
- Fig. 13 LATIN AMERICA Market Share of Spend Analytics Large Customers, 2023
- Fig. 14 LATIN AMERICA Market Share of Spend Analytics Enterprise Customers, 2023
Market Forecast:
- Fig. 1 Market Forecast of Spend Analytics Tools LATIN AMERICA, 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
