市場調查報告書

支出分析軟體市場 - 成長,趨勢,預測

Spend Analytics Software Market - Growth, Trends, and Forecast (2020 - 2025)

出版商 Mordor Intelligence LLP 商品編碼 922606
出版日期 內容資訊 英文 121 Pages
商品交期: 2-3個工作天內
價格
支出分析軟體市場 - 成長,趨勢,預測 Spend Analytics Software Market - Growth, Trends, and Forecast (2020 - 2025)
出版日期: 2020年01月01日內容資訊: 英文 121 Pages
簡介

全球支出分析軟體市場在2019年估算為11億2000萬美金。今後預測將以18.2%的年複合成長率擴大,2025年達到30億5000萬美元的規模。由於巨量資料,運算科技的需求高漲所支撐,商務預測分析的必要性,使支出分析軟體的需求擴大。

本報告提供支出分析軟體的世界市場調查,市場概要,各類型、用途、地區的市場趨勢,市場規模的變化與預測,市場促進、阻礙因素以及市場機會分析,競爭情形,主要企業的簡介等全面性資訊 。

目錄

第1章 簡介

  • 調查成果
  • 調查的前提條件
  • 調查範圍

第2章 調查手法

第3章 摘要整理

第4章 市場動態

  • 市場概要
  • 市場促進因素和阻礙因素概要
  • 成長要素
  • 阻礙因素
  • 波特的五力分析
    • 新加入廠商的威脅
    • 消費者談判力
    • 供應商談判力
    • 替代產品的威脅
    • 產業內的競爭
  • 技術概要
    • 各分析
    • 各用途

第5章 市場區隔

  • 各部署
    • 內部部署
    • 開雲端
  • 各終端用戶
    • 醫療、生命科學
    • 能源、公共事業
    • 零售、電子商務
    • 銀行,金融服務,保險
    • 製造
    • 通訊、IT
    • 其他
  • 各地區
    • 北美
    • 歐洲
    • 亞太地區
    • 南美
    • 中東、非洲

第6章 競爭情形

  • 企業簡介
    • Genpact Ltd.
    • Capgemini SE
    • WNS Global Services Pvt. Ltd.
    • IBM Corporation
    • SAP SE
    • Jaggaer Inc.
    • Zycus Inc.
    • Coupa Software Inc.
    • Ivalua Inc.
    • Proactis Inc
    • GEP Solutions Pvt. Ltd.
    • Empronc Solutions Pvt. Ltd.

第7章 投資分析

第8章 市場機會及未來趨勢

目錄
Product Code: 58812

Market Overview

The Spend Analytics Software Market was valued at USD 1.12 billion in 2019 and is expected to reach USD 3.05 billion by 2025, at a CAGR of 18.2% over the forecast period 2020 - 2025. The increasing need for supplier and market intelligence, rapid growth of big data, growing demand for could computing technology, and rising need for predictive analytics for businesses are some of the significant factors influencing the growth of spend analytics software market while the factors like migration from outdated systems and lack of awareness are expected to hinder the growth of the market.

  • The process of spend analysis includes collection, filtering, analyzing, and classifying the expenditure data. The output data thus obtained from the process is vital to improving efficiency, understand and control the performance of the supply chain, procurement cost reduction, and business risk management.
  • The global market for spend analytics is witnessing a significant demand with the rising popularity of predictive analytics and is likely to increase during the forecast period. Organizations are looking to control the expenses without affecting their operations and comply with strict governance policies related to accounts and spend data. These factors are playing a pivotal role in driving the market.
  • Increasing use of mobile applications and rapid growth of big data could provide ample opportunities for the growth of the market studied. Wikibob, a technology company forecasts that the global big data market could grow to USD 103 billion by 2027 from USD 42 billion in 2018.
  • In addition, growing demand for could computing is also expected to drive the demand for the market further. A recent report from Cisco Systems indicates that global cloud data center IP traffic could reach 19.5 zettabytes by 2021.

Scope of the Report

The Spend Analytics Software market is segmented by deployment, analytics, application, end-user, and geography. By type of deployment, the market studied is segmented into on-premise and on-cloud. By end-user, the market studied is segmented into healthcare & life sciences, energy & utilities, retail & e-commerce, banking, financial services, & insurance, manufacturing, IT & telecommunications, and others. In addition, the scope of the report covers detailed information pertaining to major factors influencing the spend analytics software market, such as drivers and restraints. The study of the market also focuses on various trends in the market, such as the increasing need for financial management and its effects on the market.

Key Market Trends

Increasing Need for Financial Management

  • In any organization, the department of finance needs constant monitoring due to the changes that are being implemented in regulatory and compliance policies. It is essential for organizations to identify and react to these changes regularly to bridge the gap between their financial performance and operational performance.
  • A study conducted by US Bank found that 82% of businesses fail to achieve their goals due to cash flow mismanagement, in general. Another survey conducted by Insights West found that nearly 50% of small business owners consider financial management as their primary source of stress.
  • To tackle this problem, various organizations are coming up with strategies to restrict unwanted spending by adopting spend analytics software to analyze financial data along with pricing data, thereby driving the growth of the market. The software also provides a platform to monitor trends, optimize strategies that are important in allocating capital, managing assets, and reducing risks.

North America is expected to Account for the Largest Market Size during the Forecast Period

  • North America is expected to hold the largest market size and dominate the spend analytics software market during the forecast period. A large number of spend analytics vendors in the region are attributed to early adoption of emerging technologies and high adoption & investments in R&D in the field of cloud technology. The statistics from The Information Technology Association of America (ITAA) indicate that the adoption rate of cloud technology among mid-market companies, in the US, ranges between 15% and 44% for various business functions, with the adoption of 'financials and accounting' function being the highest.
  • The high concentration of large multinational companies such as IBM Corporation, Coupa Software, etc. also would help consolidate the majority of revenues from this region and largely contribute to the growth of the spend analytics software market.
  • Spend analytics software vendors in the US are expected to make notable contributions to numerous retailers in the region who are opting to use online platforms to expand their business. Assessment of procurement costs, supplier ranking, discount offers optimization, and spending levels forecast are some of the benefits provided by the vendors, to the retailers.
  • However, Asia-Pacific region is expected to provide lucrative opportunities for spend analytics software providers owing to growing technology adoption in countries, such as China and India and the demand for cost-effective analytical software among small and medium-sized enterprises (SMEs).

Competitive Landscape

The Spend Analytics Software Market is highly competitive and is currently dominated by a few players with their technological expertise in Data Analytics. The global market is expected to be consolidated in nature, and the major players with a prominent share in the market are focusing on expanding their customer base across foreign countries by leveraging on strategic collaborative initiatives to increase their market share and their profitability. Genpact Ltd., Capgemini SE, WNS Global Services Pvt. Ltd., IBM Corporation, SAP SE, Jaggaer Inc., Zycus Inc., Coupa Software Inc., Ivalua Inc., Proactis Inc., GEP Solutions Pvt. Ltd., and Empronc Solutions Pvt. Ltd. are some of the major players present in the current market.

  • June 2019 - Jaggaer, an independent spend management company, announced multiple expansions to its analytical capability. These enhancements are expected to improve efficiency and data capability with the help of AI-powered analytics for various industries.
  • June 2019 - Jaggaer announced a partnership with EdgeVerve Systems, a subsidiary of Infosys. This partnership is expected to deliver AI capabilities and Intelligent Automation capabilities through the Jaggaer One spend management solution suite.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • Report customization as per the client's requirements
  • 3 months of analyst support

Table of Contents

1 INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Introduction to Market Drivers and Restraints
  • 4.3 Market Drivers
    • 4.3.1 Increasing Need for Supplier and Market Intelligence
    • 4.3.2 Growing Demand for Could Computing Technology
    • 4.3.3 Increasing Need for Predictive Analytics for Businesses
  • 4.4 Market Restraints
    • 4.4.1 Migration from Outdated Systems
    • 4.4.2 Lack of Awareness
  • 4.5 Industry Attractiveness - Porter's Five Force Analysis
    • 4.5.1 Threat of New Entrants
    • 4.5.2 Bargaining Power of Buyers/Consumers
    • 4.5.3 Bargaining Power of Suppliers
    • 4.5.4 Threat of Substitute Products
    • 4.5.5 Intensity of Competitive Rivalry
  • 4.6 Technology Snapshot
    • 4.6.1 By Analytics
      • 4.6.1.1 Prescriptive Analytics
      • 4.6.1.2 Descriptive Analytics
      • 4.6.1.3 Predictive Analytics
    • 4.6.2 By Application
      • 4.6.2.1 Financial Management
      • 4.6.2.2 Demand & Supply Forecasting
      • 4.6.2.3 Risk Management
      • 4.6.2.4 Supplier Sourcing & Performance Management
      • 4.6.2.5 Other Applications

5 MARKET SEGMENTATION

  • 5.1 By Deployment
    • 5.1.1 On-premise
    • 5.1.2 On-cloud
  • 5.2 By End-User
    • 5.2.1 Healthcare & Life Sciences
    • 5.2.2 Energy & Utilities
    • 5.2.3 Retail & E-commerce
    • 5.2.4 Banking, Financial Services & Insurance
    • 5.2.5 Manufacturing
    • 5.2.6 IT & Telecommunications
    • 5.2.7 Other End-Users
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.2 Europe
    • 5.3.3 Asia-Pacific
    • 5.3.4 Latin America
    • 5.3.5 Middle East & Africa

6 COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Genpact Ltd.
    • 6.1.2 Capgemini SE
    • 6.1.3 WNS Global Services Pvt. Ltd.
    • 6.1.4 IBM Corporation
    • 6.1.5 SAP SE
    • 6.1.6 Jaggaer Inc.
    • 6.1.7 Zycus Inc.
    • 6.1.8 Coupa Software Inc.
    • 6.1.9 Ivalua Inc.
    • 6.1.10 Proactis Inc
    • 6.1.11 GEP Solutions Pvt. Ltd.
    • 6.1.12 Empronc Solutions Pvt. Ltd.

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS