Spend Analytics  Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The Spend Analysis market was valued at USD 1.61 billion in 2020 and is to reach USD 4.33 billion by 2028 at a CAGR of 17% over the forecast period from 2022 to 2028. The new generation of solutions is quietly attracting attention with an AI approach. As the demand for supplier and market intelligence increases, technology giants like IBM, Coupa and TAMR are undertaking very innovative developments, which will gain traction in the future.

Company Profile

• SAP SE (Germany)
• SAS Institute, Inc. (US)
• IBM Corporation (US)
• Oracle Corporation (US)
• Coupa Software Inc. (US)
• Zycus Inc. (US)
• Proactis (UK)
• Empronc Solutions Pvt. Ltd. (India)

Market Segmentation

By Component

• Software
• Services

By Analytics Type

• Diagnostic
• Predictive
• Prescriptive
• Descriptive

By Business Function

• Finance
• Information Technology (IT)
• Marketing
• Procurement

By Deployment Model

• On-Premises
• Cloud
• Hybrid

Scope of the Report

The research study analyzes the global Spend Analytics  industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Spend Analytics  Market Report

1. What was the Spend Analytics  Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Spend Analytics  Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Spend Analytics  Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.