PUBLISHER: QKS Group | PRODUCT CODE: 1637603
PUBLISHER: QKS Group | PRODUCT CODE: 1637603
Market Share and Forecast: Spend Analytics Tools, 2023-2028, Central and Eastern 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 Central & Eastern Europe.
The spend analytics market in Central & Eastern Europe is experiencing notable growth due to the increasing adoption of advanced data analytics solutions by businesses to enhance their procurement processes and optimize spending. The key factors driving the growth in this market include the rising need for cost reduction, improved procurement efficiency, and enhanced decision-making capabilities. 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. The spend analytics market in Central & Eastern Europe is expected to continue its upward trajectory, with advancements in technology and increased awareness of the benefits of spend analytics driving future 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 Central and Eastern Europe.
Central and Eastern Europe has emerged as one of the most rapidly expanding markets for Spend Analytics. The spend analytics market in Central and Eastern Europe is experiencing significant growth, driven by an increasing focus on data-driven decision-making and cost optimization in various industries. Key growth drivers include the rising adoption of cloud services, increasing penetration of IoT applications, and the integration of advanced analytics to improve procurement processes. The adoption of spend analytics tools is also influenced by the need for enhanced supplier and market intelligence, as well as the growing complexity of managing large volumes of spend data. Industries such as retail, manufacturing, BFSI, and IT & telecommunications are leading the adoption of spend analytics solutions in the region.
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
- Central & Eastern Europe Market Share
- Central & Eastern 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
- Central & Eastern Europe Market Share by Deployment Type
- Market Share by Deployment Type: On prem
- Market Share by Deployment Type: Cloud
- Central & Eastern 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
- Central and Eastern Europe Market Forecast
- Central and Eastern 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
- Central and Eastern Europe Market Forecast by Deployment Type
- Market Forecast by Deployment Type: On prem
- Market Forecast by Deployment Type: Cloud
- Central and Eastern 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 Central and Eastern Europe, 2023
- Fig. 2 Central and Eastern Europe Market Share of Spend Analytics IT & Telecom Industry, 2023
- Fig. 3 Central and Eastern Europe Market Share of Spend Analytics Banking & Financial Services Industry, 2023
- Fig. 4 Central and Eastern Europe Market Share of Spend Analytics Insurance Industry, 2023
- Fig. 5 Central and Eastern Europe Market Share of Spend Analytics Healthcare Industry, 2023
- Fig. 6 Central and Eastern Europe Market Share of Spend Analytics Government & Public Sector, 2023
- Fig. 7 Central and Eastern Europe Market Share of Spend Analytics Retail & eCommerce, 2023
- Fig. 8 Central and Eastern Europe Market Share of Spend Analytics Manufacturing, 2023
- Fig. 9 Central and Eastern Europe Market Share of Spend Analytics Hospitality, 2023
- Fig. 10 Central and Eastern Europe Market Share of Spend Analytics On-premises Deployment, 2023
- Fig. 11 Central and Eastern Europe Market Share of Spend Analytics Cloud Deployment, 2023
- Fig. 12 Central and Eastern Europe Market Share of Spend Analytics SMB Customers, 2023
- Fig. 13 Central and Eastern Europe Market Share of Spend Analytics Large Customers, 2023
- Fig. 14 Central and Eastern Europe Market Share of Spend Analytics Enterprise Customers, 2023
Market Forecast:
- Fig. 1 Market Forecast of Spend Analytics Tools Central and Eastern 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
