South Korea Procurement Analytics Market (2025-2031) Outlook | Growth, Share, Value, Analysis, Forecast, Size, Revenue, Trends, Companies & Industry

Name: South Korea Procurement Analytics Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Component (Solutions, Services), By Organization Size (Large Enterprises, SMEs), By Deployment Mode (Cloud, On-premises), By Application (Supply Chain Analytics, Risk Analytics, Spend Analytics, Demand Forecasting, Contract Management, Vendor Management, Category Management), By Industry Vertical (BFSI, Retail and eCommerce, Telecom and IT, Manufacturing, Healthcare and Life Sciences, Energy and Utilities, Government and Defense) And Competitive Landscape

Product Code: ETC4395564	Publication Date: Jul 2023	Updated Date: Aug 2025	Product Type: Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 85	No. of Figures: 45	No. of Tables: 26

South Korea Procurement Analytics Market Overview

The procurement analytics market in South Korea is witnessing growth as businesses recognize the strategic importance of data-driven insights in optimizing procurement processes. Advanced analytics tools are utilized to analyze supplier performance, manage sourcing risks, and enhance procurement decision-making. Technology providers are offering customized analytics solutions that integrate with existing ERP systems to streamline operations and improve supply chain efficiencies.

Drivers of the market

The procurement analytics market in South Korea is expanding as organizations seek to optimize purchasing processes, reduce costs, and enhance supplier management efficiency. Adoption of AI and big data analytics for predictive insights and strategic sourcing decisions is driving market growth.

Challenges of the market

The Procurement Analytics market in South Korea faces challenges related to data integration, technology adoption, and organizational alignment. Companies struggle with siloed data across procurement processes, hindering comprehensive analytics and strategic decision-making. Integration with existing ERP systems and legacy IT infrastructure poses technical challenges, requiring customized solutions and skilled IT personnel. Moreover, organizational resistance to change and data governance issues impact the effectiveness of analytics initiatives, delaying potential cost savings and efficiency gains.

Government Policy of the market

South Korea promotes transparency and efficiency in public procurement through advanced analytics solutions. Government policies focus on data-driven decision-making, procurement process optimization, and the integration of analytics platforms to enhance accountability, reduce costs, and prevent corruption.

Key Highlights of the Report:

South Korea Procurement Analytics Market Outlook
Market Size of South Korea Procurement Analytics Market, 2024
Forecast of South Korea Procurement Analytics Market, 2031
Historical Data and Forecast of South Korea Procurement Analytics Revenues & Volume for the Period 2021-2031
South Korea Procurement Analytics Market Trend Evolution
South Korea Procurement Analytics Market Drivers and Challenges
South Korea Procurement Analytics Price Trends
South Korea Procurement Analytics Porter's Five Forces
South Korea Procurement Analytics Industry Life Cycle
Historical Data and Forecast of South Korea Procurement Analytics Market Revenues & Volume By Component for the Period 2021-2031
Historical Data and Forecast of South Korea Procurement Analytics Market Revenues & Volume By Solutions for the Period 2021-2031
Historical Data and Forecast of South Korea Procurement Analytics Market Revenues & Volume By Services for the Period 2021-2031
Historical Data and Forecast of South Korea Procurement Analytics Market Revenues & Volume By Organization Size for the Period 2021-2031
Historical Data and Forecast of South Korea Procurement Analytics Market Revenues & Volume By Large Enterprises for the Period 2021-2031
Historical Data and Forecast of South Korea Procurement Analytics Market Revenues & Volume By SMEs for the Period 2021-2031
Historical Data and Forecast of South Korea Procurement Analytics Market Revenues & Volume By Deployment Mode for the Period 2021-2031
Historical Data and Forecast of South Korea Procurement Analytics Market Revenues & Volume By Cloud for the Period 2021-2031
Historical Data and Forecast of South Korea Procurement Analytics Market Revenues & Volume By On-premises for the Period 2021-2031
Historical Data and Forecast of South Korea Procurement Analytics Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of South Korea Procurement Analytics Market Revenues & Volume By Supply Chain Analytics for the Period 2021-2031
Historical Data and Forecast of South Korea Procurement Analytics Market Revenues & Volume By Risk Analytics for the Period 2021-2031
Historical Data and Forecast of South Korea Procurement Analytics Market Revenues & Volume By Spend Analytics for the Period 2021-2031
Historical Data and Forecast of South Korea Procurement Analytics Market Revenues & Volume By Demand Forecasting for the Period 2021-2031
Historical Data and Forecast of South Korea Procurement Analytics Market Revenues & Volume By Contract Management for the Period 2021-2031
Historical Data and Forecast of South Korea Procurement Analytics Market Revenues & Volume By Vendor Management for the Period 2021-2031
Historical Data and Forecast of South Korea Procurement Analytics Market Revenues & Volume By Category Management for the Period 2021-2031
Historical Data and Forecast of South Korea Procurement Analytics Market Revenues & Volume By Industry Vertical for the Period 2021-2031
Historical Data and Forecast of South Korea Procurement Analytics Market Revenues & Volume By BFSI for the Period 2021-2031
Historical Data and Forecast of South Korea Procurement Analytics Market Revenues & Volume By Retail and eCommerce for the Period 2021-2031
Historical Data and Forecast of South Korea Procurement Analytics Market Revenues & Volume By Telecom and IT for the Period 2021-2031
Historical Data and Forecast of South Korea Procurement Analytics Market Revenues & Volume By Manufacturing for the Period 2021-2031
Historical Data and Forecast of South Korea Procurement Analytics Market Revenues & Volume By Healthcare and Life Sciences for the Period 2021-2031
Historical Data and Forecast of South Korea Procurement Analytics Market Revenues & Volume By Energy and Utilities for the Period 2021-2031
Historical Data and Forecast of South Korea Procurement Analytics Market Revenues & Volume By Government and Defense for the Period 2021-2031
South Korea Procurement Analytics Import Export Trade Statistics
Market Opportunity Assessment By Component
Market Opportunity Assessment By Organization Size
Market Opportunity Assessment By Deployment Mode
Market Opportunity Assessment By Application
Market Opportunity Assessment By Industry Vertical
South Korea Procurement Analytics Top Companies Market Share
South Korea Procurement Analytics Competitive Benchmarking By Technical and Operational Parameters
South Korea Procurement Analytics Company Profiles
South Korea Procurement Analytics Key Strategic Recommendations

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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 South Korea Procurement Analytics Market Overview

3.1 South Korea Country Macro Economic Indicators

3.2 South Korea Procurement Analytics Market Revenues & Volume, 2021 & 2031F

3.3 South Korea Procurement Analytics Market - Industry Life Cycle

3.4 South Korea Procurement Analytics Market - Porter's Five Forces

3.5 South Korea Procurement Analytics Market Revenues & Volume Share, By Component , 2021 & 2031F

3.6 South Korea Procurement Analytics Market Revenues & Volume Share, By Organization Size , 2021 & 2031F

3.7 South Korea Procurement Analytics Market Revenues & Volume Share, By Deployment Mode , 2021 & 2031F

3.8 South Korea Procurement Analytics Market Revenues & Volume Share, By Application, 2021 & 2031F

3.9 South Korea Procurement Analytics Market Revenues & Volume Share, By Industry Vertical, 2021 & 2031F

4 South Korea 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 demand for cost-effective solutions to improve operational efficiency

4.2.3 Emphasis on data-driven decision-making in procurement practices

4.3 Market Restraints

4.3.1 Concerns regarding data security and privacy

4.3.2 Resistance to change from traditional procurement methods

4.3.3 Lack of skilled professionals in procurement analytics

5 South Korea Procurement Analytics Market Trends

6 South Korea Procurement Analytics Market, By Types

6.1 South Korea Procurement Analytics Market, By Component

6.1.1 Overview and Analysis

6.1.2 South Korea Procurement Analytics Market Revenues & Volume, By Component , 2021-2031F

6.1.3 South Korea Procurement Analytics Market Revenues & Volume, By Solutions, 2021-2031F

6.1.4 South Korea Procurement Analytics Market Revenues & Volume, By Services, 2021-2031F

6.2 South Korea Procurement Analytics Market, By Organization Size

6.2.1 Overview and Analysis

6.2.2 South Korea Procurement Analytics Market Revenues & Volume, By Large Enterprises, 2021-2031F

6.2.3 South Korea Procurement Analytics Market Revenues & Volume, By SMEs, 2021-2031F

6.3 South Korea Procurement Analytics Market, By Deployment Mode

6.3.1 Overview and Analysis

6.3.2 South Korea Procurement Analytics Market Revenues & Volume, By Cloud, 2021-2031F

6.3.3 South Korea Procurement Analytics Market Revenues & Volume, By On-premises, 2021-2031F

6.4 South Korea Procurement Analytics Market, By Application

6.4.1 Overview and Analysis

6.4.2 South Korea Procurement Analytics Market Revenues & Volume, By Supply Chain Analytics, 2021-2031F

6.4.3 South Korea Procurement Analytics Market Revenues & Volume, By Risk Analytics, 2021-2031F

6.4.4 South Korea Procurement Analytics Market Revenues & Volume, By Spend Analytics, 2021-2031F

6.4.5 South Korea Procurement Analytics Market Revenues & Volume, By Demand Forecasting, 2021-2031F

6.4.6 South Korea Procurement Analytics Market Revenues & Volume, By Contract Management, 2021-2031F

6.4.7 South Korea Procurement Analytics Market Revenues & Volume, By Vendor Management, 2021-2031F

6.5 South Korea Procurement Analytics Market, By Industry Vertical

6.5.1 Overview and Analysis

6.5.2 South Korea Procurement Analytics Market Revenues & Volume, By BFSI, 2021-2031F

6.5.3 South Korea Procurement Analytics Market Revenues & Volume, By Retail and eCommerce, 2021-2031F

6.5.4 South Korea Procurement Analytics Market Revenues & Volume, By Telecom and IT, 2021-2031F

6.5.5 South Korea Procurement Analytics Market Revenues & Volume, By Manufacturing, 2021-2031F

6.5.6 South Korea Procurement Analytics Market Revenues & Volume, By Healthcare and Life Sciences, 2021-2031F

6.5.7 South Korea Procurement Analytics Market Revenues & Volume, By Energy and Utilities, 2021-2031F

7 South Korea Procurement Analytics Market Import-Export Trade Statistics

7.1 South Korea Procurement Analytics Market Export to Major Countries

7.2 South Korea Procurement Analytics Market Imports from Major Countries

8 South Korea Procurement Analytics Market Key Performance Indicators

8.1 Percentage increase in the utilization of procurement analytics tools

8.2 Number of successful procurement process optimizations achieved through analytics

8.3 Percentage reduction in procurement cycle times due to analytics implementation

9 South Korea Procurement Analytics Market - Opportunity Assessment

9.1 South Korea Procurement Analytics Market Opportunity Assessment, By Component , 2021 & 2031F

9.2 South Korea Procurement Analytics Market Opportunity Assessment, By Organization Size , 2021 & 2031F

9.3 South Korea Procurement Analytics Market Opportunity Assessment, By Deployment Mode , 2021 & 2031F

9.4 South Korea Procurement Analytics Market Opportunity Assessment, By Application, 2021 & 2031F

9.5 South Korea Procurement Analytics Market Opportunity Assessment, By Industry Vertical, 2021 & 2031F

10 South Korea Procurement Analytics Market - Competitive Landscape

10.1 South Korea Procurement Analytics Market Revenue Share, By Companies, 2024

10.2 South Korea Procurement Analytics Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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