Market Share of Procurement Analytics Industry
The procurement analytics market is highly competitive. Players in the market are continuously adopting strategies like innovations in their products, partnerships, acquisitions, and others to increase their market presence.
In November 2022, SAS Institute Inc and Regenerative Medicine Development Organization (ReMDO) were collaborating on the ReMDO RegeneratOR Test Bed, a novel regenerative medicine endeavor in North Carolina. The joint enterprise will serve as an economic development driver, helping to accelerate the growth of startups and scale up mid-to-large-sized companies with innovative and emerging technologies through access to state-of-the-art biomanufacturing equipment, industry expertise, talent, and training programs to support novel prototyping and commercial product development.
In July 2022, Zycus Inc and NSE announced the collaboration to transform its procure-to-pay process. The exclusive partnership with its suppliers is manual. Zycus eproc solution will increase efficiency and effectiveness across catalog, requisition, and purchase order administration tasks. Additionally, the e-invoicing system will provide touchless A/P processing and allow all vendors to issue digital invoices.
Procurement Analytics Market Leaders
SAP SE
Oracle Corporation
IBM Corporation
SAS Institute Inc.
Zycus Inc.
*Disclaimer: Major Players sorted in no particular order
