Procurement Analytics Market Size Projected to Grow $8.0 billion by 2026, growing at a CAGR of 25.3%

Sheetal2316 Sep, 2024Technology

The Procurement Analytics Market size to grow from USD 2.6 billion in 2021 to USD 8.0 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 25.3% during the forecast period, according to report by MarketsandMarkets. Various factors such as increasing spending on marketing and advertising activities by enterprises, Imminent need to handle compliance policies and contracts, and Organizations? struggle to sustain their position in the competitive environment are expected to drive the adoption of procurement analytics technologies and services.

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