The Spend Analytics Market is driven by the increasing need for organizations to manage and optimize procurement and operational costs, coupled with the growing adoption of advanced analytics and AI-powered tools for data-driven decision-making. The rise of e-procurement solutions and the demand for enhanced financial visibility further boost market growth. Additionally, regulatory compliance requirements and the need for risk management in supply chains act as significant growth enablers.
, /PRNewswire/ — The Global Spend Analytics Market is projected to grow at a CAGR of 17.98% from 2024 to 2030, according to a new report published by Verified Market Reports®. The report reveals that the market was valued at USD 100 Billion in 2023 and is expected to reach USD 290.12 Billion by the end of the forecast period.
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Scope of The …