PROACTIS featured in MarketsandMarkets global spend analytics market forecast to 2022 report.
PROACTIS, a global Spend Control and eProcurement solution provider, today reported it has been recognised by MarketsandMarkets as having Vanguard status in its spend analytics market by application report – global forecast to 2022
. Providers that achieve Vanguard status demonstrate leadership in business strategy and product offerings related to the spend analytics market.
The main objective of the report is to define, describe and forecast the global spend analytics market on the basis of component, application, analytics type, business function, deployment model, organisation size, vertical and region. The report provides detailed information regarding the major factors influencing the growth of the market such as drivers, restraints, opportunities and industry-specific challenges.
- “PROACTIS is gaining traction across the world for its Spend Control and eProcurement solutions. The inclusive strategic developments, organic as well as inorganic, have increased the customer base of the company”.
- “The comprehensive solutions for Finance and Procurement with availability onto on-premises, hosted and cloud platform has helped the company to take a leading edge over the competitors. In addition to software applications, the company also offer managed services for sourcing and content management in procurement solutions. Such an in-depth offering has empowered PROACTIS to enjoy a prominent share in the market”.
- “PROACTIS has followed acquisitions and product launch as the major development strategies to enhance their foothold in the market. Merger and acquisition has remained a major strategy for the company with a focus on complementary customer base, technology and solutions. In the past two years, it has successfully acquired three players and achieved remarkable revenue growth through such businesses”.
MarketsandMarkets is a global market research and consulting company. It is the world’s number one in terms of premium market research studies published annually. Serving as a business intelligence partner to Fortune 500 companies across the world, it provides multi-client reports, company profiles, databases, and custom research services.