Future Outlook: Spend Analytics Market is Poised to Exhibit A CAGR of +18% through 2023:

May 7, 2018

The key forces driving the spend analytics market include increasing need for supplier and market intelligence, predictive analytics for businesses, need to better manage internal compliance policies and external contracts, and growing demand for cloud computing technology.

Houston, United States - May 7, 2018 /MarketersMedia/ —

Spend analytics has become a vital and a powerful asset for procurement departments that helps in strategic planning and evaluating total expenditure on products, services, and other commodities, thereby improving the overall business scenario by decreasing the procurement costs and enhancing efficiency. Spend analysis tools are increasingly becoming available in the market, thus easing and speeding up the process. Looking at these benefits, the enterprises are now rapidly adopting spend analytics software and services, which in turn is triggering the growth of the global market for spend analytics.

The Global Spend Analytics Market is Estimated to Grow with a CAGR of +18% During Forecast Period.

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Increasing demand of predictive analytics is one of the primary factors driving the spend analytics market across the globe. Use of predictive analytics in business is on the rise since many companies identifies the competitive benefits that the analytics and data offers to their decision making. Predictive analytics allows companies to make drastic discoveries about the companies and deselect and solve complicated business problems, thereby allowing superior business performance and strategies.

Top Players Profiled in this Report includes, JAGGAER (US), SAP SE (Germany), Oracle Corporation (US) , Zycus Inc. (US), SAS Institute, Inc. (US) , Rosslyn Analytics, Ltd. (UK), IBM Corporation (US) , Ivalua Inc. (US)

Spend Analytics market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.

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, organization size, vertical, and region. The report provides detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). The report aims to strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the total market. The report attempts to forecast the market size with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.

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Various factors supporting the growth trend of the market have been studied in the report for a long time. The report also lists constraints that threaten global Spend Analytics market. It also measures vendor and buyer barriers, threats to new entrants and product alternatives, and competition in the marketplace. The impact of the latest government guidelines is also analyzed in the report. Study market trajectories between forecast periods.

This report is presented in a clear and concise way to help you better understand market structure and dynamics. Recent trends and developments in global Spend Analytics market have been analyzed. Opportunities leading to market growth have been analyzed and described. The report focuses on the global market and provides answers to the most important questions that stakeholders are facing today. Market size information (by the end of the forecast year) raises the issue of expanding competitiveness and hindering market-driven sectors and market growth.

The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on the product portfolios of the top players in the Spend Analytics market.
• Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
• Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
• Market Development: Comprehensive information about emerging markets. This report analyzes the market for various products across geographies
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Spend Analytics market

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Table of Contents
Global Spend Analytics Market Research Report
Chapter 1 Spend Analytics Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Market Forecast

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Top 30 in The Korea Times University Rankings 2027

As competition for international students intensifies worldwide, The Korea Times has expanded and refined its University Rankings 2027, evaluating 60 universities across four categories: education, research, student support and graduate outcomes. The rankings aim to assess how well Korean universities are building sustainable environments for international students and scholars, shifting the focus beyond enrollment numbers toward the quality and depth of internationalization. This year’s evaluation features 19 indicators worth a total of 200 points, with 65 percent of the score directly tied to globalization. The following tables present the top 30 universities overall, along with the top 30 in each category.

Top 30 in The Korea Times University Rankings 2027

Korea Times University Rankings focus on universities' internationalization capabilities

The Korea Times University Rankings 2027 focus on universities’ internationalization capabilities rather than their overall institutional strength. Unlike comprehensive rankings such as QS and Times Higher Education (THE), which place greater emphasis on reputation and research, The Korea Times rankings evaluate the diverse resources and achievements of universities from an internationalization perspective. Through the assessment, The Korea Times aims to help international students considering studying in Korea make informed choices and promote healthy competition among universities to strengthen their internationalization capabilities. Differences in evaluation method The Korea Times excluded the Korea Advanced Institute of Science and Technology (KAIST) and the Pohang University of Science and Technology (POSTECH) from its University Rankings, although both rank among Korea’s top universities in global rankings. The exclusion was based on a comprehensive consideration of the number of international students, institutional size and regional balance among Korean universities. In the QS

Korea Times University Rankings focus on universities' internationalization capabilities

Evaluation criteria revised to better assess universities' internationalization

The Korea Times has revised the evaluation criteria for its University Rankings 2027 to provide a more comprehensive and rigorous assessment of the internationalization of Korean universities. This year’s evaluation expanded its coverage from 54 universities last year to 60, while increasing the total score from 190 points across 18 indicators to 200 points across 19 indicators. Notably, The Korea Times introduced a new indicator measuring the proportion of full-time international faculty. It also changed the calculation method for the academic retention rate of international students, focusing the measure on degree-seeking students, and refined the evaluation period for research performance. The new international faculty indicator, worth 10 points, is designed to strengthen the assessment of internationalization in the education and research environment, marking the biggest change in this year’s rankings. Accordingly, the education category’s score increased from 60 points to 70 points. The category now consists of seven indicators, including the ratio of degree-seeking internationa

Evaluation criteria revised to better assess universities' internationalization

New indicators sharpen focus on quality over quantity in university globalization

Academics and industry observers said revision to The Korea Times University Rankings 2027 represent a meaningful step forward, with updated indicators that offer a more comprehensive measure of university internationalization. This year’s revisions placed greater emphasis on faculty diversity, student success and sustained research collaboration. Shin Jang-sup, a professor of economics at the National University of Singapore, said the overall framework has improved from last year, highlighting the addition of an indicator measuring the proportion of international full-time faculty, as well as changes to the international student retention indicator. “Including the international student retention rate is a very desirable change,” Shin said. “It strengthens the rankings’ focus on evaluating universities from the perspective of international students.” Seo Myeong-seok, managing director of the Korea Advancing Schools Foundation, also emphasized that the revisions have strengthened the overall framework. He pointed to the introduction of the international full-time faculty ratio,

New indicators sharpen focus on quality over quantity in university globalization

Universities need to do more to support international students

Internationalization is no longer an option for Korean universities but a necessity for their survival, as the nation’s higher education system faces an unprecedented structural transformation. Yet The Korea Times University Rankings 2027 reveal a stark reality: Korean universities still have a long way to go to achieve full-fledged internationalization. Universities have met the basic requirements for internationalization. But investment in faculty recruitment and student support has failed to keep pace with the increasing number of international students, while graduate outcomes remain weak. The Korea Times launched the university rankings last year to assess the level of internationalization among domestic universities. This year’s rankings covered 60 universities using 19 indicators in four categories: education, research, student support and graduate outcomes. Universities were assessed on a 200-point scale, with 70 points allocated to education, 50 points to research, 40 points to student support and 40 points to graduate outcomes. The education category saw the strongest overall

Universities need to do more to support international students

Top Korean universities hold firm as new contenders gain ground

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Top Korean universities hold firm as new contenders gain ground

Regional universities excel in student support category

Seoul-based universities dominate the top 30 of The Korea Times University Rankings 2027. Their dominance is, however, less evident in the student support category, where regional universities are investing more in helping international students find jobs and settle after graduation. Among the 60 universities evaluated nationwide, 18 of the 24 universities in Seoul made the top 30, reaffirming the capital’s long-standing dominance in internationalization. Five of nine schools in Gyeonggi Province and Incheon are included in the list, while four of 13 universities in metropolitan cities outside the capital region made the cut. Only three of the 14 universities in provincial areas made the top 30, showing that they still lag well behind major universities in Seoul and other metropolitan areas. Those figures indicate that internationalization capabilities remain concentrated in the capital region. The education, research and graduate outcomes categories showed a consistent regional pattern, with Seoul scoring highest, followed by Gyeonggi and Incheon, metropolitan cities outside the capita

Regional universities excel in student support category

Regional, smaller universities challenge hierarchy as globalization paths diverge

Some universities outside Seoul and the capital region demonstrated strong international competitiveness in specific areas in The Korea Times University Rankings 2027, despite the dominance of the country’s top-tier schools in the overall standings. This indicates that universities are strengthening their international capabilities in different ways across areas such as student recruitment, educational environments, international research, student support and graduate outcomes. Korea University, Seoul National University and Yonsei University — the country’s three leading institutions collectively known as “SKY” — held the top three spots in the overall top 30. However, regional and smaller universities including Handong Global University, Incheon National University, Woosong University and Kyungsung University performed strongly in categories such as education, student support and graduate outcomes. Handong Global University, based in Pohang, North Gyeongsang Province, stood out by ranking second in student support behind only Seoul National University, despite placing 23rd

Regional, smaller universities challenge hierarchy as globalization paths diverge

New metrics reshuffle top 30 university rankings, expose globalization gaps

The top 30 of The Korea Times University Rankings 2027 remained largely stable — 28 of last year's 30 universities held their places — but beneath that continuity, a revised methodology reshaped individual positions and exposed widening gaps in the quality and depth of internationalization at Korean universities. Seoul-based private universities dominated the top 30, though seven universities outside the capital region also made the cut. They included regional flagship national universities — Pusan, Kyungpook, Jeonbuk and Chungnam — as well as private institutions known for their internationalization efforts, such as Woosong, Handong Global and Yeungnam universities. Yeungnam University and Kookmin University were the only newcomers, climbing three and four spots from 32nd and 34th last year to 29th and 30th, respectively. Yeungnam's rise was driven largely by its strong performance in international research. The private university in Gyeongsan, North Gyeongsang Province, ranked ninth among the 60 institutions in the research category with 30.95 points, placing first in the shar

New metrics reshuffle top 30 university rankings, expose globalization gaps

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Seoul's Jongno 3-ga rises to world's coolest neighborhood

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Lee set for press conference amid falling approval ratings