PUBLISHER: QKS Group | PRODUCT CODE: 1637598
PUBLISHER: QKS Group | PRODUCT CODE: 1637598
Market Share and Forecast: Spend Analytics Tools, 2023-2028, USA (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 USA.
The USA has emerged as one of the most rapidly expanding markets for Spend Analytics tools. The spend analytics market in the USA has experienced significant growth over the past few years. The increasing need for businesses to optimize their procurement processes and reduce operational costs has been a primary driver. The Growth of the spend analytics market in USA is driven by technological advancements and the increasing need for cost optimization. Companies that leverage advanced analytics will be better positioned to gain insights into their spending patterns, identify cost-saving opportunities, and maintain a competitive edge in their respective industries. Industries such as retail, manufacturing, BFSI, and IT & telecommunications are leading the adoption of spend analytics solutions in the region. 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 below average by 2028 in USA.
USA has emerged as one of the most rapidly expanding markets for Spend Analytics tools. The spend analytics market in the USA has experienced significant growth over the past few years. The increasing need for businesses to optimize their procurement processes and reduce operational costs has been a primary driver. The Growth of the spend analytics market in USA is driven by technological advancements and the increasing need for cost optimization. Companies that leverage advanced analytics will be better positioned to gain insights into their spending patterns, identify cost-saving opportunities, and maintain a competitive edge in their respective industries. 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
- USA Market Share
- USA 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
- USA Market Share by Deployment Type
- Market Share by Deployment Type: On prem
- Market Share by Deployment Type: Cloud
- USA 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
- USA Market Forecast
- USA 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
- USA Market Forecast by Deployment Type
- Market Forecast by Deployment Type: On prem
- Market Forecast by Deployment Type: Cloud
- USA 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 USA, 2023
- Fig. 2 USA Market Share of Spend Analytics IT & Telecom Industry, 2023
- Fig. 3 USA Market Share of Spend Analytics Banking & Financial Services Industry, 2023
- Fig. 4 USA Market Share of Spend Analytics Insurance Industry, 2023
- Fig. 5 USA Market Share of Spend Analytics Healthcare Industry, 2023
- Fig. 6 USA Market Share of Spend Analytics Government & Public Sector, 2023
- Fig. 7 USA Market Share of Spend Analytics Retail & eCommerce, 2023
- Fig. 8 USA Market Share of Spend Analytics Manufacturing, 2023
- Fig. 9 USA Market Share of Spend Analytics Hospitality, 2023
- Fig. 10 USA Market Share of Spend Analytics On-premises Deployment, 2023
- Fig. 11 USA Market Share of Spend Analytics Cloud Deployment, 2023
- Fig. 12 USA Market Share of Spend Analytics SMB Customers, 2023
- Fig. 13 USA Market Share of Spend Analytics Large Customers, 2023
- Fig. 14 USA Market Share of Spend Analytics Enterprise Customers, 2023
Market Forecast:
- Fig. 1 Market Forecast of Spend Analytics Tools USA, 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
