Spend Analytics Software Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Spend analytics software allows enterprises to consolidate all the spending information that is scattered in different formats across various sources & systems. This information include data from diverse sources including accounts payable, purchase orders, and procurement cards among others. This software helps in cleaning, classifying, validating, and reporting the spend data to offer interactive analytics dashboards and reporting sheets. All the advantages offered by spend analytics software over legacy paper based systems are expected to drive the demand of spend analytics software across various industries.
MARKET DYNAMICS
The spend analytics software market is anticipated to grow in the forecast period owing to the growing demand for market intelligence, predictive analytics among enterprises for better operational efficiency. However, slow migration from legacy systems to advanced systems could affect the growth of the market during the forecast period of 2021 to 2031. On the other hand, the increasing demand for mobile applications among customers and growing demand for cloud based solutions among enterprises are some of the factors that are anticipated to offer ample growth opportunities for the global spend analytics software market in the coming years.
MARKET SCOPE
The "Global Spend Analytics Software Market Analysis to 2031" is a specialized and in-depth study of the Technology, Media and Telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of spend analytics software market with detailed market segmentation by component, application, type, deployment, end-user, and geography. The global spend analytics software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading spend analytics software market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global spend analytics software market is segmented on the basis of component, application, type, deployment, end-user, and geography. By component, the market is segmented into software and services. On the basis of application, the market is segmented into financial management, risk management, governance and compliance management, supplier sourcing and performance management, demand and supply forecasting, and others. On the basis of type, the market is segmented into predictive analytics, prescriptive analytics, and descriptive analytics. Based on deployment, the market is segmented into on-premises and cloud-based. Based on end-user, the market is segmented into IT and telecommunications, government and defense, energy and utilities, BFSI, and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global spend analytics software market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The spend analytics software market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting spend analytics software market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the spend analytics software market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global spend analytics software market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The spend analytics software market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting spend analytics software market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the spend analytics software market in these regions.
MARKET PLAYERS
The reports cover key developments in the spend analytics software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from spend analytics software market are anticipated to lucrative growth opportunities in the future with the rising demand for spend analytics software in the global market. Below mentioned is the list of few companies engaged in the spend analytics software market.
The report also includes the profiles of key spend analytics software companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of the last three years, key developments in the past five years.
- Coupa Software
- Determine (Corcentric)
- GEP
- Ivalua Inc.
- Jaggaer
- SAP SE
- Scanmarket
- Synertrade Inc.
- VORTAL
- Zycus
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Spend Analytics Software Market - By Component
1.3.2 Spend Analytics Software Market - By Application
1.3.3 Spend Analytics Software Market - By Type
1.3.4 Spend Analytics Software Market - By Deployment
1.3.5 Spend Analytics Software Market - By End-user
1.3.6 Spend Analytics Software Market - By Region
1.3.6.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. SPEND ANALYTICS SOFTWARE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. SPEND ANALYTICS SOFTWARE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. SPEND ANALYTICS SOFTWARE MARKET - GLOBAL MARKET ANALYSIS
6.1. SPEND ANALYTICS SOFTWARE - GLOBAL MARKET OVERVIEW
6.2. SPEND ANALYTICS SOFTWARE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SPEND ANALYTICS SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOFTWARE
7.3.1. Overview
7.3.2. Software Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. SPEND ANALYTICS SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FINANCIAL MANAGEMENT
8.3.1. Overview
8.3.2. Financial Management Market Forecast and Analysis
8.4. RISK MANAGEMENT
8.4.1. Overview
8.4.2. Risk Management Market Forecast and Analysis
8.5. GOVERNANCE AND COMPLIANCE MANAGEMENT
8.5.1. Overview
8.5.2. Governance and Compliance Management Market Forecast and Analysis
8.6. SUPPLIER SOURCING AND PERFORMANCE MANAGEMENT
8.6.1. Overview
8.6.2. Supplier Sourcing and Performance Management Market Forecast and Analysis
8.7. DEMAND AND SUPPLY FORECASTING
8.7.1. Overview
8.7.2. Demand and Supply Forecasting Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. SPEND ANALYTICS SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
9.1. OVERVIEW
9.2. TYPE MARKET FORECASTS AND ANALYSIS
9.3. PREDICTIVE ANALYTICS
9.3.1. Overview
9.3.2. Predictive Analytics Market Forecast and Analysis
9.4. PRESCRIPTIVE ANALYTICS
9.4.1. Overview
9.4.2. Prescriptive Analytics Market Forecast and Analysis
9.5. DESCRIPTIVE ANALYTICS
9.5.1. Overview
9.5.2. Descriptive Analytics Market Forecast and Analysis
10. SPEND ANALYTICS SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT
10.1. OVERVIEW
10.2. DEPLOYMENT MARKET FORECASTS AND ANALYSIS
10.3. ON-PREMISES
10.3.1. Overview
10.3.2. On-Premises Market Forecast and Analysis
10.4. CLOUD-BASED
10.4.1. Overview
10.4.2. Cloud-based Market Forecast and Analysis
11. SPEND ANALYTICS SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
11.1. OVERVIEW
11.2. END-USER MARKET FORECASTS AND ANALYSIS
11.3. MANUFACTURING
11.3.1. Overview
11.3.2. Manufacturing Market Forecast and Analysis
11.4. RETAIL AND ECOMMERCE
11.4.1. Overview
11.4.2. Retail and Ecommerce Market Forecast and Analysis
11.5. HEALTHCARE
11.5.1. Overview
11.5.2. Healthcare Market Forecast and Analysis
11.6. IT AND TELECOMMUNICATIONS
11.6.1. Overview
11.6.2. IT and Telecommunications Market Forecast and Analysis
11.7. GOVERNMENT AND DEFENSE
11.7.1. Overview
11.7.2. Government and Defense Market Forecast and Analysis
11.8. ENERGY AND UTILITIES
11.8.1. Overview
11.8.2. Energy and Utilities Market Forecast and Analysis
11.9. BFSI
11.9.1. Overview
11.9.2. BFSI Market Forecast and Analysis
11.10. OTHERS
11.10.1. Overview
11.10.2. Others Market Forecast and Analysis
12. SPEND ANALYTICS SOFTWARE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Spend Analytics Software Market Overview
12.1.2 North America Spend Analytics Software Market Forecasts and Analysis
12.1.3 North America Spend Analytics Software Market Forecasts and Analysis - By Component
12.1.4 North America Spend Analytics Software Market Forecasts and Analysis - By Application
12.1.5 North America Spend Analytics Software Market Forecasts and Analysis - By Type
12.1.6 North America Spend Analytics Software Market Forecasts and Analysis - By Deployment
12.1.7 North America Spend Analytics Software Market Forecasts and Analysis - By End-user
12.1.8 North America Spend Analytics Software Market Forecasts and Analysis - By Countries
12.1.8.1 United States Spend Analytics Software Market
12.1.8.1.1 United States Spend Analytics Software Market by Component
12.1.8.1.2 United States Spend Analytics Software Market by Application
12.1.8.1.3 United States Spend Analytics Software Market by Type
12.1.8.1.4 United States Spend Analytics Software Market by Deployment
12.1.8.1.5 United States Spend Analytics Software Market by End-user
12.1.8.2 Canada Spend Analytics Software Market
12.1.8.2.1 Canada Spend Analytics Software Market by Component
12.1.8.2.2 Canada Spend Analytics Software Market by Application
12.1.8.2.3 Canada Spend Analytics Software Market by Type
12.1.8.2.4 Canada Spend Analytics Software Market by Deployment
12.1.8.2.5 Canada Spend Analytics Software Market by End-user
12.1.8.3 Mexico Spend Analytics Software Market
12.1.8.3.1 Mexico Spend Analytics Software Market by Component
12.1.8.3.2 Mexico Spend Analytics Software Market by Application
12.1.8.3.3 Mexico Spend Analytics Software Market by Type
12.1.8.3.4 Mexico Spend Analytics Software Market by Deployment
12.1.8.3.5 Mexico Spend Analytics Software Market by End-user
12.2. EUROPE
12.2.1 Europe Spend Analytics Software Market Overview
12.2.2 Europe Spend Analytics Software Market Forecasts and Analysis
12.2.3 Europe Spend Analytics Software Market Forecasts and Analysis - By Component
12.2.4 Europe Spend Analytics Software Market Forecasts and Analysis - By Application
12.2.5 Europe Spend Analytics Software Market Forecasts and Analysis - By Type
12.2.6 Europe Spend Analytics Software Market Forecasts and Analysis - By Deployment
12.2.7 Europe Spend Analytics Software Market Forecasts and Analysis - By End-user
12.2.8 Europe Spend Analytics Software Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Spend Analytics Software Market
12.2.8.1.1 Germany Spend Analytics Software Market by Component
12.2.8.1.2 Germany Spend Analytics Software Market by Application
12.2.8.1.3 Germany Spend Analytics Software Market by Type
12.2.8.1.4 Germany Spend Analytics Software Market by Deployment
12.2.8.1.5 Germany Spend Analytics Software Market by End-user
12.2.8.2 France Spend Analytics Software Market
12.2.8.2.1 France Spend Analytics Software Market by Component
12.2.8.2.2 France Spend Analytics Software Market by Application
12.2.8.2.3 France Spend Analytics Software Market by Type
12.2.8.2.4 France Spend Analytics Software Market by Deployment
12.2.8.2.5 France Spend Analytics Software Market by End-user
12.2.8.3 Italy Spend Analytics Software Market
12.2.8.3.1 Italy Spend Analytics Software Market by Component
12.2.8.3.2 Italy Spend Analytics Software Market by Application
12.2.8.3.3 Italy Spend Analytics Software Market by Type
12.2.8.3.4 Italy Spend Analytics Software Market by Deployment
12.2.8.3.5 Italy Spend Analytics Software Market by End-user
12.2.8.4 United Kingdom Spend Analytics Software Market
12.2.8.4.1 United Kingdom Spend Analytics Software Market by Component
12.2.8.4.2 United Kingdom Spend Analytics Software Market by Application
12.2.8.4.3 United Kingdom Spend Analytics Software Market by Type
12.2.8.4.4 United Kingdom Spend Analytics Software Market by Deployment
12.2.8.4.5 United Kingdom Spend Analytics Software Market by End-user
12.2.8.5 Russia Spend Analytics Software Market
12.2.8.5.1 Russia Spend Analytics Software Market by Component
12.2.8.5.2 Russia Spend Analytics Software Market by Application
12.2.8.5.3 Russia Spend Analytics Software Market by Type
12.2.8.5.4 Russia Spend Analytics Software Market by Deployment
12.2.8.5.5 Russia Spend Analytics Software Market by End-user
12.2.8.6 Rest of Europe Spend Analytics Software Market
12.2.8.6.1 Rest of Europe Spend Analytics Software Market by Component
12.2.8.6.2 Rest of Europe Spend Analytics Software Market by Application
12.2.8.6.3 Rest of Europe Spend Analytics Software Market by Type
12.2.8.6.4 Rest of Europe Spend Analytics Software Market by Deployment
12.2.8.6.5 Rest of Europe Spend Analytics Software Market by End-user
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Spend Analytics Software Market Overview
12.3.2 Asia-Pacific Spend Analytics Software Market Forecasts and Analysis
12.3.3 Asia-Pacific Spend Analytics Software Market Forecasts and Analysis - By Component
12.3.4 Asia-Pacific Spend Analytics Software Market Forecasts and Analysis - By Application
12.3.5 Asia-Pacific Spend Analytics Software Market Forecasts and Analysis - By Type
12.3.6 Asia-Pacific Spend Analytics Software Market Forecasts and Analysis - By Deployment
12.3.7 Asia-Pacific Spend Analytics Software Market Forecasts and Analysis - By End-user
12.3.8 Asia-Pacific Spend Analytics Software Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Spend Analytics Software Market
12.3.8.1.1 Australia Spend Analytics Software Market by Component
12.3.8.1.2 Australia Spend Analytics Software Market by Application
12.3.8.1.3 Australia Spend Analytics Software Market by Type
12.3.8.1.4 Australia Spend Analytics Software Market by Deployment
12.3.8.1.5 Australia Spend Analytics Software Market by End-user
12.3.8.2 China Spend Analytics Software Market
12.3.8.2.1 China Spend Analytics Software Market by Component
12.3.8.2.2 China Spend Analytics Software Market by Application
12.3.8.2.3 China Spend Analytics Software Market by Type
12.3.8.2.4 China Spend Analytics Software Market by Deployment
12.3.8.2.5 China Spend Analytics Software Market by End-user
12.3.8.3 India Spend Analytics Software Market
12.3.8.3.1 India Spend Analytics Software Market by Component
12.3.8.3.2 India Spend Analytics Software Market by Application
12.3.8.3.3 India Spend Analytics Software Market by Type
12.3.8.3.4 India Spend Analytics Software Market by Deployment
12.3.8.3.5 India Spend Analytics Software Market by End-user
12.3.8.4 Japan Spend Analytics Software Market
12.3.8.4.1 Japan Spend Analytics Software Market by Component
12.3.8.4.2 Japan Spend Analytics Software Market by Application
12.3.8.4.3 Japan Spend Analytics Software Market by Type
12.3.8.4.4 Japan Spend Analytics Software Market by Deployment
12.3.8.4.5 Japan Spend Analytics Software Market by End-user
12.3.8.5 South Korea Spend Analytics Software Market
12.3.8.5.1 South Korea Spend Analytics Software Market by Component
12.3.8.5.2 South Korea Spend Analytics Software Market by Application
12.3.8.5.3 South Korea Spend Analytics Software Market by Type
12.3.8.5.4 South Korea Spend Analytics Software Market by Deployment
12.3.8.5.5 South Korea Spend Analytics Software Market by End-user
12.3.8.6 Rest of Asia-Pacific Spend Analytics Software Market
12.3.8.6.1 Rest of Asia-Pacific Spend Analytics Software Market by Component
12.3.8.6.2 Rest of Asia-Pacific Spend Analytics Software Market by Application
12.3.8.6.3 Rest of Asia-Pacific Spend Analytics Software Market by Type
12.3.8.6.4 Rest of Asia-Pacific Spend Analytics Software Market by Deployment
12.3.8.6.5 Rest of Asia-Pacific Spend Analytics Software Market by End-user
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Spend Analytics Software Market Overview
12.4.2 Middle East and Africa Spend Analytics Software Market Forecasts and Analysis
12.4.3 Middle East and Africa Spend Analytics Software Market Forecasts and Analysis - By Component
12.4.4 Middle East and Africa Spend Analytics Software Market Forecasts and Analysis - By Application
12.4.5 Middle East and Africa Spend Analytics Software Market Forecasts and Analysis - By Type
12.4.6 Middle East and Africa Spend Analytics Software Market Forecasts and Analysis - By Deployment
12.4.7 Middle East and Africa Spend Analytics Software Market Forecasts and Analysis - By End-user
12.4.8 Middle East and Africa Spend Analytics Software Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Spend Analytics Software Market
12.4.8.1.1 South Africa Spend Analytics Software Market by Component
12.4.8.1.2 South Africa Spend Analytics Software Market by Application
12.4.8.1.3 South Africa Spend Analytics Software Market by Type
12.4.8.1.4 South Africa Spend Analytics Software Market by Deployment
12.4.8.1.5 South Africa Spend Analytics Software Market by End-user
12.4.8.2 Saudi Arabia Spend Analytics Software Market
12.4.8.2.1 Saudi Arabia Spend Analytics Software Market by Component
12.4.8.2.2 Saudi Arabia Spend Analytics Software Market by Application
12.4.8.2.3 Saudi Arabia Spend Analytics Software Market by Type
12.4.8.2.4 Saudi Arabia Spend Analytics Software Market by Deployment
12.4.8.2.5 Saudi Arabia Spend Analytics Software Market by End-user
12.4.8.3 U.A.E Spend Analytics Software Market
12.4.8.3.1 U.A.E Spend Analytics Software Market by Component
12.4.8.3.2 U.A.E Spend Analytics Software Market by Application
12.4.8.3.3 U.A.E Spend Analytics Software Market by Type
12.4.8.3.4 U.A.E Spend Analytics Software Market by Deployment
12.4.8.3.5 U.A.E Spend Analytics Software Market by End-user
12.4.8.4 Rest of Middle East and Africa Spend Analytics Software Market
12.4.8.4.1 Rest of Middle East and Africa Spend Analytics Software Market by Component
12.4.8.4.2 Rest of Middle East and Africa Spend Analytics Software Market by Application
12.4.8.4.3 Rest of Middle East and Africa Spend Analytics Software Market by Type
12.4.8.4.4 Rest of Middle East and Africa Spend Analytics Software Market by Deployment
12.4.8.4.5 Rest of Middle East and Africa Spend Analytics Software Market by End-user
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Spend Analytics Software Market Overview
12.5.2 South and Central America Spend Analytics Software Market Forecasts and Analysis
12.5.3 South and Central America Spend Analytics Software Market Forecasts and Analysis - By Component
12.5.4 South and Central America Spend Analytics Software Market Forecasts and Analysis - By Application
12.5.5 South and Central America Spend Analytics Software Market Forecasts and Analysis - By Type
12.5.6 South and Central America Spend Analytics Software Market Forecasts and Analysis - By Deployment
12.5.7 South and Central America Spend Analytics Software Market Forecasts and Analysis - By End-user
12.5.8 South and Central America Spend Analytics Software Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Spend Analytics Software Market
12.5.8.1.1 Brazil Spend Analytics Software Market by Component
12.5.8.1.2 Brazil Spend Analytics Software Market by Application
12.5.8.1.3 Brazil Spend Analytics Software Market by Type
12.5.8.1.4 Brazil Spend Analytics Software Market by Deployment
12.5.8.1.5 Brazil Spend Analytics Software Market by End-user
12.5.8.2 Argentina Spend Analytics Software Market
12.5.8.2.1 Argentina Spend Analytics Software Market by Component
12.5.8.2.2 Argentina Spend Analytics Software Market by Application
12.5.8.2.3 Argentina Spend Analytics Software Market by Type
12.5.8.2.4 Argentina Spend Analytics Software Market by Deployment
12.5.8.2.5 Argentina Spend Analytics Software Market by End-user
12.5.8.3 Rest of South and Central America Spend Analytics Software Market
12.5.8.3.1 Rest of South and Central America Spend Analytics Software Market by Component
12.5.8.3.2 Rest of South and Central America Spend Analytics Software Market by Application
12.5.8.3.3 Rest of South and Central America Spend Analytics Software Market by Type
12.5.8.3.4 Rest of South and Central America Spend Analytics Software Market by Deployment
12.5.8.3.5 Rest of South and Central America Spend Analytics Software Market by End-user
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. SPEND ANALYTICS SOFTWARE MARKET, KEY COMPANY PROFILES
14.1. COUPA SOFTWARE
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. DETERMINE (CORCENTRIC)
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. GEP
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. IVALUA INC.
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. JAGGAER
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. SAP SE
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. SCANMARKET
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. SYNERTRADE INC.
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. VORTAL
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. ZYCUS
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. Coupa Software
2. Determine (Corcentric)
3. GEP
4. Ivalua Inc.
5. Jaggaer
6. SAP SE
7. Scanmarket
8. Synertrade Inc.
9. VORTAL
10. Zycus
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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