| Product Code: ETC4395562 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The Procurement Analytics market in China is growing due to the increasing use of analytics to optimize procurement processes and improve decision-making. Procurement analytics provides insights into supplier performance, cost management, and procurement strategies. The market is driven by advancements in analytics technologies, the growth of data-driven decision-making, and the need for efficient procurement solutions. Chinese companies are investing in innovation and quality to meet market demands and support various industries.
The Procurement Analytics market in China is driven by the need for tools that analyze and optimize procurement processes, improving efficiency and cost-effectiveness. Procurement analytics offer benefits such as data-driven decision-making, enhanced supplier management, and cost savings. Market growth is supported by increasing adoption of analytics solutions, advancements in analytics technologies, and the focus on improving procurement strategies.
The procurement analytics market encounters challenges related to data integration and technology costs. Developing advanced procurement analytics solutions requires significant investment in technology and expertise. Additionally, the market must address challenges related to integrating analytics tools with existing procurement systems and ensuring data accuracy. Regulatory compliance and competition from alternative analytics solutions further influence market dynamics.
Chinas procurement analytics market is guided by government regulations related to data analytics and supply chain management standards. The government sets performance and safety standards for procurement analytics technologies to ensure they meet industry requirements. Policies support the development and adoption of advanced analytics technologies, addressing concerns related to data accuracy, decision-making processes, and technology integration. These regulations aim to enhance the effectiveness of procurement analytics in optimizing supply chain management.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 China Procurement Analytics Market Overview |
3.1 China Country Macro Economic Indicators |
3.2 China Procurement Analytics Market Revenues & Volume, 2021 & 2031F |
3.3 China Procurement Analytics Market - Industry Life Cycle |
3.4 China Procurement Analytics Market - Porter's Five Forces |
3.5 China Procurement Analytics Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 China Procurement Analytics Market Revenues & Volume Share, By Organization Size , 2021 & 2031F |
3.7 China Procurement Analytics Market Revenues & Volume Share, By Deployment Mode , 2021 & 2031F |
3.8 China Procurement Analytics Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 China Procurement Analytics Market Revenues & Volume Share, By Industry Vertical, 2021 & 2031F |
4 China Procurement Analytics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of digital technologies in procurement processes |
4.2.2 Growing focus on cost reduction and efficiency in supply chain management |
4.2.3 Emphasis on data-driven decision making in procurement operations |
4.3 Market Restraints |
4.3.1 Data security and privacy concerns related to procurement analytics |
4.3.2 Resistance to change from traditional procurement practices |
4.3.3 Lack of skilled professionals in procurement analytics |
5 China Procurement Analytics Market Trends |
6 China Procurement Analytics Market, By Types |
6.1 China Procurement Analytics Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 China Procurement Analytics Market Revenues & Volume, By Component , 2021-2031F |
6.1.3 China Procurement Analytics Market Revenues & Volume, By Solutions, 2021-2031F |
6.1.4 China Procurement Analytics Market Revenues & Volume, By Services, 2021-2031F |
6.2 China Procurement Analytics Market, By Organization Size |
6.2.1 Overview and Analysis |
6.2.2 China Procurement Analytics Market Revenues & Volume, By Large Enterprises, 2021-2031F |
6.2.3 China Procurement Analytics Market Revenues & Volume, By SMEs, 2021-2031F |
6.3 China Procurement Analytics Market, By Deployment Mode |
6.3.1 Overview and Analysis |
6.3.2 China Procurement Analytics Market Revenues & Volume, By Cloud, 2021-2031F |
6.3.3 China Procurement Analytics Market Revenues & Volume, By On-premises, 2021-2031F |
6.4 China Procurement Analytics Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 China Procurement Analytics Market Revenues & Volume, By Supply Chain Analytics, 2021-2031F |
6.4.3 China Procurement Analytics Market Revenues & Volume, By Risk Analytics, 2021-2031F |
6.4.4 China Procurement Analytics Market Revenues & Volume, By Spend Analytics, 2021-2031F |
6.4.5 China Procurement Analytics Market Revenues & Volume, By Demand Forecasting, 2021-2031F |
6.4.6 China Procurement Analytics Market Revenues & Volume, By Contract Management, 2021-2031F |
6.4.7 China Procurement Analytics Market Revenues & Volume, By Vendor Management, 2021-2031F |
6.5 China Procurement Analytics Market, By Industry Vertical |
6.5.1 Overview and Analysis |
6.5.2 China Procurement Analytics Market Revenues & Volume, By BFSI, 2021-2031F |
6.5.3 China Procurement Analytics Market Revenues & Volume, By Retail and eCommerce, 2021-2031F |
6.5.4 China Procurement Analytics Market Revenues & Volume, By Telecom and IT, 2021-2031F |
6.5.5 China Procurement Analytics Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.5.6 China Procurement Analytics Market Revenues & Volume, By Healthcare and Life Sciences, 2021-2031F |
6.5.7 China Procurement Analytics Market Revenues & Volume, By Energy and Utilities, 2021-2031F |
7 China Procurement Analytics Market Import-Export Trade Statistics |
7.1 China Procurement Analytics Market Export to Major Countries |
7.2 China Procurement Analytics Market Imports from Major Countries |
8 China Procurement Analytics Market Key Performance Indicators |
8.1 Percentage increase in the number of organizations using procurement analytics tools |
8.2 Average time taken to process procurement requests using analytics |
8.3 Percentage improvement in cost savings through procurement analytics strategies |
9 China Procurement Analytics Market - Opportunity Assessment |
9.1 China Procurement Analytics Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 China Procurement Analytics Market Opportunity Assessment, By Organization Size , 2021 & 2031F |
9.3 China Procurement Analytics Market Opportunity Assessment, By Deployment Mode , 2021 & 2031F |
9.4 China Procurement Analytics Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 China Procurement Analytics Market Opportunity Assessment, By Industry Vertical, 2021 & 2031F |
10 China Procurement Analytics Market - Competitive Landscape |
10.1 China Procurement Analytics Market Revenue Share, By Companies, 2024 |
10.2 China Procurement Analytics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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