Spend Analytics Market – Industry Analysis and Forecast (2023-2029)

The Spend Analytics Market size is projected to reach US$ 9.48 Bn at the end of the forecast period at a CAGR of 17.8%. Spend Analytics Market Dynamics Spend analysis or analytics refers to the process of collecting, categorizing as well as evaluating expenditure data, provided either by human or through any kind of software. The spend analytics is usually performed by companies to increase their profitability through identifying the wasteful spending along with flagging contracts, which can be renegotiated at any point in time. There are three core areas of spend analytics that is taken care by the management, which comprises of the visibility, analysis, and process.