The global Sourcing Analytics market size was valued at USD 3,532.9 million in 2021 and is expected to grow at a CAGR of 13.3% during the forecast period 2021-2030.

Sourcing Analytics Market Overview

Sourcing Analytics is the process of data analysis and business intelligence. It provides insights into how much to pay for a good or service, where to buy it from, and other factors that influence your supply chain management decisions. It usually includes planning, procurement, negotiation, evaluation, and payment, etc. This is done through analysis of procurement data from multiple sources such as market research reports, social media posts, or conversations with key customers. This data can be used for decision-making in areas such as human resources, marketing campaigns, and even investment decisions.

The Sourcing Analytics Market has been recently published by Contrive Datum Insights to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Sourcing Analytics market.

Some of the key players profiled in the study are:

Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: IBM, SAP, Oracle, Tamr, Zycus, SAS Institute, Accenture, and others.

What are the major Applications, Types, and Regions for the Sourcing Analytics Market?

By Type

• Cloud-based,
• On-premise

By Application  

• BFSI
• Healthcare and Life Sciences
• IT & Telecom
• Retail & E-Commerce
• Energy And Utilities
• Others

Sourcing Analytics Market Regional Insights:

North America dominates the global market and is one of the key contributors to the Sourcing Analytics market during the forecast period. Latin America has been identified as an emerging market and companies are actively looking to expand their business activities. The Sourcing Analytics market in Europe is expected to witness moderate growth in the coming years. Asia Pacific is expected to be the fastest-growing Sourcing Analytics market. The Middle East & Africa market is expected to witness steady growth over the forecast period.

Geographically, the global Sourcing Analytics market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, Middle East, and India. The global region is dominating this market in the upcoming future.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Sourcing Analytics Market Report Scope:

Report Attributes	Details
Growth Rate	CAGR of 13.3% from 2022 to 2030.
By Type	Cloud-based, On-premise
By Application	BFSI Healthcare and Life Sciences IT & Telecom Retail & E-Commerce Energy And Utilities Others
By Companies	IBM, SAP, Oracle, Tamr, Zycus, SAS Institute, Accenture
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

Frequently Asked Questions (FAQ) about the Sourcing Analytics market:

What is the CAGR of the global Sourcing Analytics market?

The Sourcing Analytics Market is growing at a CAGR of 13.3% during the forecast period.

Which region would offer high growth for vendors in the Sourcing Analytics market?

North America dominates the global market and is one of the key contributors to the Sourcing Analytics market during the forecast period.

Which Is the Most potential market segment?

By Types- Cloud-based, On-premise

By Applications - BFSI, Healthcare and Life Sciences, IT & Telecom, Retail & E-Commerce, Energy And Utilities, Others

Which are the top industry players in the Sourcing Analytics market?

IBM, SAP, Oracle, Tamr, Zycus, SAS Institute, Accenture

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