Middle East & Africa Procurement Analytics Market Size & Outlook
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MEA procurement analytics market highlights
- The MEA procurement analytics market generated a revenue of USD 178.0 million in 2022.
- The market is expected to grow at a CAGR of 25.2% from 2023 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2022.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2022 | USD 178.0 million |
| Market revenue in 2030 | USD 1,072.3 million |
| Growth rate | 25.2% (CAGR from 2022 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | SAP SE, Oracle Corp, SAS, Genpact Ltd, Microsoft Corp, International Business Machines Corp, Cisco Systems Inc, Coupa Software, Rosslyn Data Technologies, GEP |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.3% of the global procurement analytics market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,852.8 million by 2030.
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Procurement Analytics Market Scope
Procurement Analytics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| GEP | View profile | 1001-5000 | Clark, New Jersey, United States, North America | https://www.gep.com |
| Rosslyn Data Technologies | View profile | 51-100 | London, England, United Kingdom, Europe | https://www.rosslyn.ai |
| Coupa Software | View profile | 1001-5000 | San Mateo, California, United States, North America | http://www.coupa.com |
| Genpact Ltd | View profile | 131000 | 22 Victoria Street, Canon's Court, Hamilton, Bermuda, HM 12 | https://www.genpact.com |
| SAS | View profile | 10001+ | Cary, North Carolina, United States, North America | http://www.sas.com |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| SAP SE | View profile | 107602 | Dietmar-Hopp-Allee 16, Walldorf, BW, Germany, 69190 | https://www.sap.com |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Oracle Corp | View profile | 164000 | 2300 Oracle Way, Austin, TX, United States, 78741 | https://www.oracle.com |
Middle East & Africa procurement analytics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to procurement analytics market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 74.78% in 2022. Horizon Databook has segmented the Middle East & Africa procurement analytics market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Middle East & Africa procurement analytics market databook
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Our clientele includes a mix of procurement analytics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa procurement analytics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa procurement analytics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Procurement Analytics Market Outlook Share, 2022 & 2030 (US$M)
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