Middle East & Africa Procurement Analytics Market Size & Outlook
The procurement analytics market in Middle East & Africa is expected to reach a projected revenue of US$ 1,072.3 million by 2030. A compound annual growth rate of 25.2% is expected of Middle East & Africa procurement analytics market from 2023 to 2030.
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- Software & Consulting
- Procurement Analytics Market Outlook
- Software & Consulting
Revenue, 2022 (US$M)
$178.0
Forecast, 2030 (US$M)
$1,072.3
CAGR, 2023 - 2030
25.2%
Report Coverage
Middle East & Africa
Middle East Africa Procurement Analytics Market, 2018-2030 (US$M)
Global Market
Related Markets
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 segmentation & scope
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Procurement Analytics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Oracle Corp | View profile | 164,000 | 2300 Oracle Way, Austin, TX, United States, 78741 | www.oracle.com |
| International Business Machines Corp | View profile | 282,200 | One New Orchard Road, Armonk, NY, United States, 10504 | www.ibm.com |
| Microsoft Corp | View profile | 221,000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | www.microsoft.com |
| SAP SE | View profile | 107,602 | Dietmar-Hopp-Allee 16, Walldorf, BW, Germany, 69190 | www.sap.com |
| Cisco Systems Inc | View profile | 84,900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | www.cisco.com |
| SAS | View profile | 10001+ | Cary, North Carolina, United States, North America | www.sas.com |
| Genpact Ltd | View profile | 131,000 | 22 Victoria Street, Canon's Court, Hamilton, Bermuda, HM 12 | www.genpact.com |
| Coupa Software | View profile | 1001-5000 | San Mateo, California, United States, North America | www.coupa.com |
| Rosslyn Data Technologies | View profile | 51-100 | London, England, United Kingdom, Europe | www.rosslyn.ai |
| GEP | View profile | 1001-5000 | Clark, New Jersey, United States, North America | www.gep.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 Outlook 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.
- Middle East & Africa Procurement Analytics Market Component Outlook (Revenue, USD Million , 2018-2030)
- Solution
- Services
- Middle East & Africa Procurement Analytics Market Deployment Outlook (Revenue, USD Million , 2018-2030)
- On-premise
- Cloud
- Middle East & Africa Procurement Analytics Market Application Outlook (Revenue, USD Million , 2018-2030)
- Spend Analytics
- Risk Analytics
- Supply Chain Management
- Vendor Analytics
- Contract Management
- Others
- Middle East & Africa Procurement Analytics Market Organization Outlook (Revenue, USD Million , 2018-2030)
- Small and medium Enterprise
- Large Enterprise
- Middle East & Africa Procurement Analytics Market Vertical Outlook (Revenue, USD Million , 2018-2030)
- BFSI
- Retail and eCommerce
- Telecom and IT
- Manufacturing
- Healthcare and Life Sciences
- Energy and Utilities
- Government and Defense
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa Procurement Analytics Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Procurement Analytics Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
MEA procurement analytics market statistics, by component, 2018-2030 (US$M)
