Spend Analytics Market Report 2026

The spend analytics market size has grown rapidly in recent years. It will grow from $3.04 billion in 2025 to $3.63 billion in 2026 at a compound annual growth rate (CAGR) of 19.3%. The growth in the historic period can be attributed to increasing complexity of enterprise procurement, growth in global supply chains, rising need for cost optimization, adoption of digital procurement systems, expansion of enterprise data analytics.

The spend analytics market size is expected to see rapid growth in the next few years. It will grow to $6.63 billion in 2030 at a compound annual growth rate (CAGR) of 16.3%. The growth in the forecast period can be attributed to use of advanced predictive analytics, rising focus on supplier performance optimization, growing demand for sustainable sourcing insights, expansion of cloud-based spend analytics solutions, increasing regulatory compliance requirements. Major trends in the forecast period include increasing adoption of ai-driven spend classification, rising demand for real-time spend visibility, growing integration with erp and procurement platforms, expansion of predictive spend analytics tools, enhanced focus on compliance and risk monitoring.

The ascendancy of the retail and e-commerce sector is poised to be a significant catalyst for the expansion of the spend analytics market in the foreseeable future. This sector encompasses businesses engaged in the direct sale of goods and services to consumers through physical retail outlets or digital platforms, facilitating the seamless exchange and distribution of products. The surge in the retail and e-commerce realm can be attributed to evolving consumer preferences, the allure of convenience, competitive pricing dynamics, and ripe opportunities for market expansion. Spend analytics, a pivotal practice within the retail and e-commerce domain, entails scrutinizing purchasing data to fine-tune sourcing strategies, foster stronger supplier relations, and bolster cost efficiency across the supply chain. A noteworthy example of this trend is evident in the figures reported by the United States Census Bureau in February 2024, which indicate a robust 7.6% year-on-year increase in total e-commerce sales, reaching an estimated $1.11 trillion in 2023. Consequently, the burgeoning retail and e-commerce landscape emerges as a primary driver fueling the growth trajectory of the spend analytics market.

Leading companies in the spend analytics market are introducing innovations, such as advanced spend analytics and vendor management capabilities, to gain a competitive advantage. Spend analytics and vendor management capabilities involve the systematic collection, analysis, and interpretation of spending data to optimize procurement strategies, strengthen supplier relationships, and improve overall organizational efficiency. For example, in June 2024, Airbase, Inc., a US-based financial technology (fintech) company, launched advanced spend analytics and vendor management features, offering powerful tools to help organizations streamline their procurement processes. The spend analytics functionality provides detailed insights into spending patterns, enabling businesses to identify strategic opportunities to enhance efficiency and reduce costs. Meanwhile, the vendor management capabilities simplify supplier onboarding, automate invoice processing, and improve risk management, ultimately strengthening supplier relationships.

In July 2024, Procure Analytics, a US-based procurement company, acquired DSSI, LLC. for an undisclosed amount. This acquisition aims to create a comprehensive solution for improving the management of indirect goods and services spending for Procure Analytics' members. DSSI, LLC. is a US-based company that specializes in managed procurement software and services, including spend analytics.

Major companies operating in the spend analytics market are International Business Machines Corporation (IBM), Oracle Corporation, SAP SE, Genpact, SAS Institute Inc., GEP, Coupa Software Inc., Anaplan Inc., Icertis Inc., Zycus Inc., Ivalua Inc., Jaggaer Inc., Zageno Inc., Sievo Oy, Insight Sourcing Group, Proxima Group, BirchStreet Systems LLC, Proactis Holdings Plc, Tejari Solutions Pvt Ltd., Apex Analytix LLC, Rosslyn Data Technologies PLC, Spendency AB, TealBook, Empronc Solutions Pvt. Ltd., Dhatim SAS

North America was the largest region in the spend analytics market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the spend analytics market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the spend analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The spend analytics market consists of revenues earned by entities by providing services such as software licenses, subscription fees, implementation and consulting services, training programs, support and maintenance services, and professional services. The market value includes the value of related goods sold by the service provider or included within the service offering. The spend analytics market also includes sales of servers, data collection devices, networking equipment, computers, data processing units, backup systems and security hardware. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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