Procurement Intelligence Study Report

Corporate Treasury Management Software Procurement Intelligence The corporate treasury management software category is anticipated to grow at a CAGR of 6.5% from 2023 to 2030. In 2022, the category size was estimated to be valued at USD 1.25 billion. The category is derived from the increasing complexity of financial operations, regulatory compliance requirements, and cost savings. Effective risk management is crucial for businesses to mitigate potential financial threats such as market volatility, credit risk, etc. Treasury management software provides real-time monitoring and analysis that enables prompt response and improvement of the overall framework, hence accelerating its demand in the market. Integration with other financial systems such as enterprise resource planning (ERP) systems, and banking and trading platforms also contribute to the category growth. In September 2022, Oracle introduced a B2B Commerce that intended to reduce transaction complexity by integrating JP Morg...

Brewing Procurement Intelligence The brewing category is anticipated to grow at a CAGR of 7% from 2023 to 2030. The Asia Pacific is the largest geographic segment in this category with a 30% market share. Brewing is a method for controlling how water, starch, yeast, and hops interact to produce beer. The growth and demand for this category will be driven by an increase in the demand for beers from around the world as well as an increase in the consumption of craft brews. The key trends in recent years are driven mostly by consumer preferences, technological advancements, and sustainability considerations. These include craft beer, microbreweries, non-alcoholic or low-alcohol beers, experimental and innovative flavors, collaboration, and limited-edition releases. These trends can vary across different regions and markets as new trends continue to emerge as the category industry evolves. Order your copy of the Brewing category procurement intelligence report 2023-2030 , published by G...

Advanced Driver Assistant System (ADAS) Procurement Intelligence The advanced driver assistant system category is expected to grow at a CAGR of 18.2% from 2023 to 2030. The Asia Pacific region accounts for the largest category share. Factors such as the increasing awareness for road safety, concerns with regard to safety mandate from the government, effective R&D for ADAS element design, and advanced development in technology are driving the growth of the category. One of the key trends is the increasing use of emerging 5G technology with the integration of the Internet of Things (IoT) to implant the product in budgeted car segments. Government mandating Electronic Stability Control (ESC) to be installed on each vehicle, which is the initial requirement for developing ADAS, there is an increased probability to have the product installed in every segment. Order your copy of the Advanced Driver Assistant System (ADAS) category procurement intelligence report 2023-2030 , published ...

Adhesives Procurement Intelligence The adhesives category is anticipated to grow at a CAGR of 6% from 2023 to 2030. The Asia Pacific region accounted for 41% of the total category share in 2022. Rising construction activities, and the increasing demand from end-user industries such as automotive, electronics, construction, and packaging are driving the growth in this category. One of the major developments is the rise in demand for specialized adhesives used in intricate product manufacturing. Order your copy of the Adhesives category procurement intelligence report 2023-2030 , published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis Water-based adhesives are becoming increasingly popular in the adhesives category due to their environmental benefits. They emit fewer volatile organic compounds (VOCs) than solvent-based products, and they are also less...

Airlines Procurement Intelligence The airlines category is anticipated to grow at a CAGR of 7% from 2023 to 2030. The Asia Pacific region accounts for the largest share. This category is expected to experience significant growth due to the rapid increase in air passenger traffic, and a strong focus on improving the passenger experience. This category expansion is being driven by ongoing advancements in wireless technology and a rising preference for intelligent airport designs. One of the major technologies in the airline industry is the use of blockchain to track luggage, improve passenger comfort and flight data security while obtaining greater transparency and efficiency. This sector is highly relevant to clients in procurement, as sensors are a critical component of modern vehicles. It involves conducting thorough research and due diligence to identify the most suitable suppliers and negotiating favourable pricing and terms. Order your copy of the Airlines category procurement i...

Automotive Sensors Procurement Intelligence The automotive sensors category is expected to grow at a CAGR of 9.4% from 2023 to 2030. This category is driven by the increasing demand for advanced safety features in vehicles due to the rising number of road accidents, the growing trend of vehicle electrification such as electric vehicles, and the increasing demand for sensors that can monitor battery performance and other critical parameters. Additionally, the growth is aided by the increased demand for connected cars, which are designed to collect data on the vehicle's performance and location. It can be used to provide real-time information to the driver and to improve the overall driving performance. Intelligent airports are growing because of the development of Metaverse, a technology that uses a mix of virtual, augmented reality, and advanced internet. For instance, in 2022, Qatar Airways launched QVerse, where visitors can experience Qatar's website through novel virtual ...

Aircraft Tires Procurement Intelligence The aircraft tires category is anticipated to grow at a CAGR of 5.5% from 2023 to 2030. The U.S. is the world's largest market, with a share of 40%, while Europe is the second largest with 33%. Michelin, Goodyear, Bridgestone, and Dunlop are among the leading manufacturers, accounting for approximately 85% of the market. This category is driven by the demand for military aircraft, UAVs, and commercial planes. They experience wear and tear during takeoff, landing, and taxiing due to intense temperatures and pressures. The condition of the tires is influenced by a series of factors, e.g. weather, rough landing conditions, crossing winds, Antiskid braking actions, and rough runway surfaces, all leading to frequent tire replacement or retreading which leads to increased growth in this category. Order your copy of the Aircraft Tires category procurement intelligence report 2023-2030 , published by Grand View Research, to get more details regard...

Agrochemicals Procurement Intelligence The agrochemical category is expected to grow at a CAGR of 3.4% from 2023 to 2030. Increasing agricultural productivity on currently used agricultural land is crucial to feeding the world's population. Agrochemicals are therefore crucial to the agricultural sector and aid farmers in increasing the quantity and quality of their harvests. The primary factor driving the expansion of agrochemicals is the rising need for food as a result of population growth. Order your copy of the Agrochemicals category procurement intelligence report 2023-2030 , published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis Agrochemicals Procurement Intelligence Report Scope The agrochemicals category is expected to have pricing growth outlook of 11-13% from 2023 to 2030, with below pricing models. Cost-plus pricing model market-...