Abstract: – Global Procurement Analytics Market to Reach $7. 8 Billion by 2027. – Amid the COVID-19 crisis, the global market for Procurement Analytics estimated at US$2. 3 Billion in the year 2020, is projected to reach a revised size of US$7.
New York, June 30, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Procurement Analytics Industry” – https://www.reportlinker.com/p06032672/?utm_source=GNW
8 Billion by 2027, growing at aCAGR of 19.5% over the period 2020-2027. Solutions, one of the segments analyzed in the report, is projected to record 18.4% CAGR and reach US$4.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 21% CAGR for the next 7-year period.
– The U.S. Market is Estimated at $607.5 Million, While China is Forecast to Grow at 24.8% CAGR
– The Procurement Analytics market in the U.S. is estimated at US$607.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2027 trailing a CAGR of 24.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.2% and 17.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.3% CAGR.
– Select Competitors (Total 34…
