Europe Spend Analytics for Electronics and Semiconductor Market Forecast to 2030 - Regional analysis - by Component (Software and Service), Type (Descriptive Analytics, Predictive Analytics, and Prescriptive Analytics), Deployment (On-Premise and Cloud), and Application (Financial Management, Risk Management, Governance and Compliance Management, Supplier Sourcing and Performance Management, Demand and Supply Forecasting, and Others)
The Europe spend analytics for electronics and semiconductor market was valued at US$ 76.98 million in 2022 and is expected to reach US$ 227.87 million by 2030; it is estimated to register a CAGR of 14.5% from 2022 to 2030.
Rise in Demand for Consumer Electronics Drives Europe Spend Analytics for Electronics and Semiconductor Market.
The electronics and semiconductor market experienced a significant surge in demand for smartphones, tablets, wearable devices, and other consumer electronics. This increase in demand highlighted the necessity for spending analytics within the industry. As the consumer electronics market expanded, companies in this sector faced the challenge of efficiently managing their expenditures to maintain competitiveness and meet their customers' changing preferences. The adoption of spend analytics solutions became crucial as it provided valuable insights into spending patterns, identified opportunities for cost optimization, and facilitated informed decision-making to ensure companies remained adaptable and responsive in this fast-paced market. Also, spend analytics help companies streamline their procurement processes, identify potential areas for cost reduction, and strategically allocate resources to meet the growing demand for consumer electronics, which boosts the spend analytics for electronics and semiconductor market growth.
Europe Spend Analytics for Electronics and Semiconductor Market Overview
The conflict between Russia and Ukraine has had widespread implications, specifically causing disruptions in agriculture, energy, electronics and semiconductor, and manufacturing sectors. The ongoing Russia-Ukraine war can potentially worsen the existing semiconductor supply chain challenges and the persistent chip shortages, which have been troubling the industry for the past few years. Disruptions in the supply of crucial raw materials such as neon and palladium used in semiconductor manufacturing are among the recent concerns regarding the semiconductor supply chain. Although the short-term effects of inflation and indirect supply chain disruptions seem controllable, the long-term consequences are uncertain, as they would depend on events unfolding in the future. These disruptions have resulted in higher prices, supply uncertainties, and an urge to optimize procurement processes. In such circumstances, organizations must closely monitor and analyze their spending patterns to identify alternative suppliers, manage costs, and mitigate risks associated with supply chain disruptions. Thus, the adoption of spend analytics solutions becomes particularly important in dealing with the consequences of supply chain disruptions. Therefore, the ongoing Russia-Ukraine war and supply chain disruptions propel the demand for spend analytics solutions in the electronics and semiconductor sector in Europe.
Europe Spend Analytics for Electronics and Semiconductor Market Revenue and Forecast to 2030 (US$ Million)
Europe Spend Analytics for Electronics and Semiconductor Market Segmentation
The Europe spend analytics for electronics and semiconductor market is segmented based on component, type, deployment, application, and country. Based on component, the Europe spend analytics for electronics and semiconductor market is bifurcated into software and services. The software services held a larger market share in 2022.
Based on type, the Europe spend analytics for electronics and semiconductor market is segmented into descriptive analytics, predictive analytics, and prescriptive analytics. The predictive analytics held the largest market share in 2022.
In terms of deployment, the Europe spend analytics for electronics and semiconductor market is bifurcated into on-premise and cloud. The cloud held a larger market share in 2022
By application, the Europe spend analytics for electronics and semiconductor market is segmented into financial management, risk management, governance & compliance management, supplier sourcing & performance management, demand & supply forecasting, and others. The supplier sourcing & performance management held the largest market share in 2022.
Based on country, the Europe spend analytics for electronics and semiconductor market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany dominated the Europe spend analytics for electronics and semiconductor market share in 2022.
Coupa Software Inc, International Business Machines Corp, Ivalua Inc, NB Ventures Inc, SAP SE, Scanmarket AS, Synertrade Inc, Vortal Connecting Business SA, and Zycus Inc are some of the leading companies operating in the Europe spend analytics for electronics and semiconductor market.
TABLE OF CONTENTS
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Spend Analytics for Electronics and Semiconductor Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
5. Europe Spend Analytics for Electronics and Semiconductor Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Demand for Consumer Electronics
5.1.2 Fluctuations in Raw Materials Prices
5.2 Market Restraints
5.2.1 Technological Complexity
5.3 Market Opportunities
5.3.1 Rise in Supply Chain Disruption
5.3.2 Incorporation of Miniaturized Electronic Devices
5.4 Future Trends
5.4.1 Growing Implementation of AI-based Spend Analytics
5.5 Impact of Drivers and Restraints:
6. Europe Spend Analytics for Electronics and Semiconductor Market -Market Analysis
6.1 Spend Analytics for Electronics and Semiconductor Market Revenue (US$ Million), 2022-2030
6.2 Spend Analytics for Electronics and Semiconductor Market Forecast Analysis
7. Europe Spend Analytics for Electronics and Semiconductor Market Analysis - by Component
7.1 Software
7.1.1 Overview
7.1.2 Software: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
7.2 Service
7.2.1 Overview
7.2.2 Service: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
8. Europe Spend Analytics for Electronics and Semiconductor Market Analysis - by Type
8.1 Descriptive Analytics
8.1.1 Overview
8.1.2 Descriptive Analytics: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
8.2 Predictive Analytics
8.2.1 Overview
8.2.2 Predictive Analytics: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
8.3 Prescriptive Analytics
8.3.1 Overview
8.3.2 Prescriptive Analytics: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
9. Europe Spend Analytics for Electronics and Semiconductor Market Analysis - by Deployment
9.1 On-Premise
9.1.1 Overview
9.1.2 On-Premise: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
9.2 Cloud
9.2.1 Overview
9.2.2 Cloud: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
10. Europe Spend Analytics for Electronics and Semiconductor Market Analysis - by Application
10.1 Financial Management
10.1.1 Overview
10.1.2 Financial Management: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
10.2 Risk Management
10.2.1 Overview
10.2.2 Risk Management: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
10.3 Governance and Compliance Management
10.3.1 Overview
10.3.2 Governance and Compliance Management: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
10.4 Supplier Sourcing and Performance Management
10.4.1 Overview
10.4.2 Supplier Sourcing and Performance Management: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
10.5 Demand and Supply Forecasting
10.5.1 Overview
10.5.2 Demand and Supply Forecasting: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
11. Europe Spend Analytics for Electronics and Semiconductor Market - Country Analysis
11.1 Europe Market Overview
11.1.1 Europe: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast Analysis - by Country
11.1.1.1 Europe: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast Analysis - by Country
11.1.1.2 Germany: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
11.1.1.2.1 Germany: Spend Analytics for Electronics and Semiconductor Market Breakdown, by Component
11.1.1.2.2 Germany: Spend Analytics for Electronics and Semiconductor Market Breakdown, by Type
11.1.1.2.3 Germany: Spend Analytics for Electronics and Semiconductor Market Breakdown, by Deployment
11.1.1.2.4 Germany: Spend Analytics for Electronics and Semiconductor Market Breakdown, by Application
11.1.1.3 France: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
11.1.1.3.1 France: Spend Analytics for Electronics and Semiconductor Market Breakdown, by Component
11.1.1.3.2 France: Spend Analytics for Electronics and Semiconductor Market Breakdown, by Type
11.1.1.3.3 France: Spend Analytics for Electronics and Semiconductor Market Breakdown, by Deployment
11.1.1.3.4 France: Spend Analytics for Electronics and Semiconductor Market Breakdown, by Application
11.1.1.4 Italy: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
11.1.1.4.1 Italy: Spend Analytics for Electronics and Semiconductor Market Breakdown, by Component
11.1.1.4.2 Italy: Spend Analytics for Electronics and Semiconductor Market Breakdown, by Type
11.1.1.4.3 Italy: Spend Analytics for Electronics and Semiconductor Market Breakdown, by Deployment
11.1.1.4.4 Italy: Spend Analytics for Electronics and Semiconductor Market Breakdown, by Application
11.1.1.5 United Kingdom: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
11.1.1.5.1 United Kingdom: Spend Analytics for Electronics and Semiconductor Market Breakdown, by Component
11.1.1.5.2 United Kingdom: Spend Analytics for Electronics and Semiconductor Market Breakdown, by Type
11.1.1.5.3 United Kingdom: Spend Analytics for Electronics and Semiconductor Market Breakdown, by Deployment
11.1.1.5.4 United Kingdom: Spend Analytics for Electronics and Semiconductor Market Breakdown, by Application
11.1.1.6 Russia: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
11.1.1.6.1 Russia: Spend Analytics for Electronics and Semiconductor Market Breakdown, by Component
11.1.1.6.2 Russia: Spend Analytics for Electronics and Semiconductor Market Breakdown, by Type
11.1.1.6.3 Russia: Spend Analytics for Electronics and Semiconductor Market Breakdown, by Deployment
11.1.1.6.4 Russia: Spend Analytics for Electronics and Semiconductor Market Breakdown, by Application
11.1.1.7 Rest of Europe: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
11.1.1.7.1 Rest of Europe: Spend Analytics for Electronics and Semiconductor Market Breakdown, by Component
11.1.1.7.2 Rest of Europe: Spend Analytics for Electronics and Semiconductor Market Breakdown, by Type
11.1.1.7.3 Rest of Europe: Spend Analytics for Electronics and Semiconductor Market Breakdown, by Deployment
11.1.1.7.4 Rest of Europe: Spend Analytics for Electronics and Semiconductor Market Breakdown, by Application
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Product Development
13.4 Merger and Acquisition
14. Company Profiles
14.1 Coupa Software Inc
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 International Business Machines Corp
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Ivalua Inc
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 NB Ventures Inc
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 SAP SE
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Scanmarket A/S
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Synertrade Inc
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Vortal Connecting Business SA
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Zycus Inc
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
15. Appendix
15.1 Word Index
List of Tables
Table 1. Spend Analytics for Electronics and Semiconductor Market Segmentation
Table 2. Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
Table 3. Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Component
Table 4. Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Type
Table 5. Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Deployment
Table 6. Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Application
Table 7. Europe: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Country
Table 8. Germany: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Component
Table 9. Germany: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Type
Table 10. Germany: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Deployment
Table 11. Germany: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Application
Table 12. France: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Component
Table 13. France: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Type
Table 14. France: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Deployment
Table 15. France: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Application
Table 16. Italy: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Component
Table 17. Italy: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Type
Table 18. Italy: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Deployment
Table 19. Italy: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Application
Table 20. United Kingdom: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Component
Table 21. United Kingdom: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Type
Table 22. United Kingdom: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Deployment
Table 23. United Kingdom: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Application
Table 24. Russia: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Component
Table 25. Russia: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Type
Table 26. Russia: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Deployment
Table 27. Russia: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Application
Table 28. Rest of Europe: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Component
Table 29. Rest of Europe: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Type
Table 30. Rest of Europe: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Deployment
Table 31. Rest of Europe: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million) - by Application
Table 32. Heat Map Analysis by Key Players
Table 33. List of Abbreviation
List of Figures
Figure 1. Spend Analytics for Electronics and Semiconductor Market Segmentation, by Country
Figure 2. Ecosystem: Spend Analytics for Electronics and Semiconductor Market
Figure 3. Spend Analytics for Electronics and Semiconductor Market - Key Market Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Spend Analytics for Electronics and Semiconductor Market Revenue (US$ Million), 2022-2030
Figure 6. Spend Analytics for Electronics and Semiconductor Market Share (%) - by Component (2022 and 2030)
Figure 7. Software: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
Figure 8. Service: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
Figure 9. Spend Analytics for Electronics and Semiconductor Market Share (%) - by Type (2022 and 2030)
Figure 10. Descriptive Analytics: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
Figure 11. Predictive Analytics: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
Figure 12. Prescriptive Analytics: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
Figure 13. Spend Analytics for Electronics and Semiconductor Market Share (%) - by Deployment (2022 and 2030)
Figure 14. On-Premise: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
Figure 15. Cloud: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
Figure 16. Spend Analytics for Electronics and Semiconductor Market Share (%) - by Application (2022 and 2030)
Figure 17. Financial Management: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
Figure 18. Risk Management: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
Figure 19. Governance and Compliance Management: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
Figure 20. Supplier Sourcing and Performance Management: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
Figure 21. Demand and Supply Forecasting: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
Figure 22. Others: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
Figure 23. Spend Analytics for Electronics and Semiconductor Market, by Key Countries - Revenue (2022) (US$ Million)
Figure 24. Europe: Spend Analytics for Electronics and Semiconductor Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 25. Germany: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
Figure 26. France: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
Figure 27. Italy: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
Figure 28. United Kingdom: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
Figure 29. Russia: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
Figure 30. Rest of Europe: Spend Analytics for Electronics and Semiconductor Market - Revenue and Forecast to 2030 (US$ Million)
Figure 31. Company Positioning & Concentration
1. Coupa Software Inc
2. International Business Machines Corp
3. Ivalua Inc
4. NB Ventures Inc
5. SAP SE
6. Scanmarket AS
7. Synertrade Inc
8. Vortal Connecting Business SA
9. Zycus Inc.
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