Global IoT Analytics Category - Procurement Market Intelligence Report

Functional insights into the critical cost drivers and supplier market information to procure the most cost-effective IoT analytics platform are offered in this market intelligence report.

  • Published: Dec 2018
  • Pages: 105
  • SKU: IRCMSTR15020
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Key findings: IoT analytics

 

According to our market intelligence report, the global market for IoT analytics will witness an increase in the category spend growth momentum in the years to come. Our procurement experts credit this growth to the increasing demand for customized solutions from different end-users. In the market intelligence report on IoT analytics, the experts predict North America to play a key role in influencing the global category spend. In this region, this category is experiencing a high rate of adoption owing to the presence of large multinational manufacturing, transportation, logistics, and automobile organizations. This IoT analytics procurement research report also offers information on the category spend segmentation and analyzes its impact on the overall markets growth.

 

Procurement insights delivered

 

The IoT analytics procurement research report provides buyers with insights into the category spend and cost and volume drivers impacting the pricing of such products. It also offers information on the critical growth enablers that are responsible for impacting the overall supplier cost structure. This market intelligence report also highlights a set of procurement best practices that will foster cost-effective category procurement and help achieve cost savings. In this procurement report, the category spend analysis is done from the perspective of both the buyers and the suppliers.

Key insights offered in this market intelligence report will help the buyers:

  • Understand the spend potential for IoT analytics
  • Compare pricing models
  • Understand the supply market trends 
  • Analyze the global and regional spend opportunity

 

Analyze the global category spend for IoT analytics

 

According to this procurement market intelligence report, the increasing adoption of automation in the manufacturing sector in developing countries will influence the category spend growth rate during the forecast period. This will result in the generation of IoT and sensor-generated data, which will prompt firms to leverage an IT analytics platform to analyze such complex data sets.

Additional insights offered in this IoT analytics procurement research report includes:

  • Global spend on IoT analytics for the period of 2017-2022
  • Risk management strategies
  • Regional and global spend segmentation
  • Buyer and the supplier ecosystem

 

Optimize category spend for the IoT analytics 

 

Clarity on IoT analytics project objectives is crucial for driving the successful implementation of this technology. On that note, the buyers are advised to clearly define the objectives and scope of their project by partnering with the major stakeholders in the market of IoT analytics. This will help build a comprehensive requirements list, which will help in achieving better resource allocation and reduce implementation time in the existing infrastructure.

This market intelligence report also offers a coverage of:

  • Strategic sustainability practices
  • Supplier and the buyer KPIs
  • Overall pricing outlook

 

Assess the regional spend potential

 

The presence of large multinational manufacturing, transportation, logistics, and automobile organizations is driving the category demand in North America. Presently, the region accounts for 33% of the global market share. In an effort to gain competitive advantage, the leading SMEs are heavily investing in IoT analytics solutions in APAC. The health care sector owing to the increasing adoption of wearable fitness tracking devices is expected to drive volume growth in North America and Europe.

This market intelligence report offers an overall spend analysis and segments the total spend according to various geographies, which include:

  • APAC
  • MEA
  • Europe
  • North America
  • South America

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Analyze the IoT analytics supply landscape

 

According to this IoT analytics procurement research report, buyers from different firms have specific requirements when it comes to the utilization of an IoT analytics platform. Therefore, the basic and one of the most intrinsic supplier selection criteria is to evaluate them based on their expertise in developing and implementing solutions that cater to the buyers specific business requirements.

The market intelligence report also offers a coverage of:

  • Suppliers positioning strategy
  • Supplier evaluation criteria
  • Supplier pricing outlook

 

Build effective category management strategies for IoT analytics category

 

Our IoT analytics procurement research report highlights the fact that the market’s growth is subject to new regulations and standards being developed to monitor and regulate the growth of the market. Thus, category managers must partner with IoT analytics solution providers who are pro-active in incorporating changes into their offerings according to the upcoming regulatory mandates.

Key insights offered in this market intelligence report will help the buyers identify:

  • Global and regional category risks
  • Category growth drivers
  • Supplier selection criteria

 

Identify major category enablers

 

In this market, the category buyers of the IoT analytics solution are using a centralized procurement strategy to maintain uniformity of data across their business units and operating regions. In this model, planning and buying decisions are carried out centrally. However, non-core categories, or in case of tail spend areas, are decentralized. Mostly local or regional execution is opted for in such instances.

This IoT analytics procurement research report also offers a comprehensive overview of the procurement organization models and highlights:

  • Centralized models
  • Center-led/ Partially center-led models
  • Decentralized models
  • Coordinated models

 

This market intelligence report also identifies the top five suppliers and highlights best practices for supply chain management, spend analysis insights, and the procurement best practices to help the buyers identify cost-saving opportunities.

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PART 01: Executive Summary

PART 02: Market Insights

  • Global category spend
  • Category spend growth
  • Spend segmentation by region
  • Regional spend dynamics
  • Regional influence on global spend
  • Regional spend opportunity for suppliers

PART 03: Category Pricing Insights

  • Pricing outlook
  • Supplier cost structure
  • Outlook for input costs
  • Total cost of ownership analysis
  • Overview of pricing models
  • Comparison of pricing models
  • Supply chain margins
  • Cost drivers impacting pricing
  • Volume drivers impacting pricing

PART 04: Cost-Saving Opportunities

  • Supplier-side levers
  • Buyer-side levers
  • Quantifying cost-saving opportunities
  • Quantifying cost savings by negotiation strategies

PART 05: Best Practices

  • Innovation and success stories
  • Procurement excellence best practices
  • Procurement best practices
  • Sustainability practices

PART 06: Category Ecosystem

  • Market favorability index for suppliers
  • Competitiveness index for suppliers
  • Buyer power
  • Supplier power
  • Threat of new entrants
  • Threat of substitutes
  • Buyer ecosystem
  • Supplier ecosystem

PART 07: Category Management Strategy

  • Category management objectives
  • Supplier and buyer KPIs
  • Outsourcing category management activities
  • Risk management

PART 08: Category Management Enablers

  • Procurement organization
  • Category enablers

PART 09: Suppliers Selection

  • RFx Essentials
  • Supplier selection criteria
  • Service Level Agreement
  • Incumbent supplier evaluation metrics

PART 10: Suppliers Under Coverage

  • Overview
  • Supplier positioning
  • Profile: IBM
  • Profile: Microsoft
  • Profile: Oracle
  • Profile: SAP
  • Profile: Alphabet

PART 11: US Market Insights

  • Category spend in the US
  • Price outlook
  • Supplier cost structure in the US
  • Margins of suppliers in the US
  • Category cost drivers
  • Category volume drivers
  • Overview of best practices in the US
  • Procurement best practices in the US
  • US supply market overview
  • Supplier positioning for the US
  • Regional category risks

PART 12: Category Definition

  • Category hierarchy
  • Category scope
  • Category map

PART 13: Appendix

  • List of abbreviations
  • Key notes
  • Global category spend (2017-2022)
  • Category spend growth (2017-2022)
  • Regional spend dynamics
  • Regional spend dynamics
  • Comparison of category maturity across regions
  • Regional spend opportunity for suppliers (2017-2022)
  • Category pricing dynamics
  • Supplier cost breakup
  • Input cost dynamics
  • Total cost of ownership model
  • Benefit comparison of pricing models
  • Pricing models – comparison matrix
  • Supplier margin analysis
  • Margin analysis across supply chain
  • Cost drivers
  • Volume drivers
  • Cost-saving opportunities: Supply-side levers
  • Cost-saving opportunities: Demand-side levers
  • Cost-saving opportunity matrix
  • Negotiation grid
  • Innovation and success stories
  • Procurement excellence summary: Impact on the category
  • Supplier relationship management metrics
  • Strategic sourcing and category management metrics
  • Technology-facilitated procurement metrics
  • Procurement best practices dashboard
  • Sustainability practices: Impact on the category
  • Sustainability best practices
  • Market environment score
  • Market competitiveness score
  • Buyer power score
  • Supplier power score
  • Ease of market entry score
  • Ease of substitution score
  • Buyer ecosystem: Outlook
  • Supplier ecosystem: Outlook
  • Ecosystem disruption threats
  • Key category management objectives
  • Supplier KPI dashboard: Importance for the category
  • Buyer KPI dashboard: Importance for the category
  • Category management enablers
  • Risk management matrix
  • Category enablers: Procurement model
  • Category enablers: Technology
  • RFx questions
  • Phase I RFI considerations
  • SLA terms
  • Supplier performance benchmarking criteria
  • Supplier operational capability matrix
  • Supplier positioning matrix
  • IBM – Key information dashboard
  • Microsoft – Key information dashboard
  • Oracle – Key information dashboard
  • SAP – Key information dashboard
  • Alphabet – Key information dashboard
  • US category spend (2017-2022)
  • Category pricing dynamics
  • Supplier cost breakup
  • Supplier margin analysis
  • Margin analysis across supply chain
  • Cost drivers
  • Volume drivers
  • Procurement excellence summary: Impact on the category
  • Supplier relationship management
  • Strategic sourcing and category management
  • Technology-facilitated procurement
  • Procurement best practices dashboard
  • Supplier operational capability matrix
  • Supplier positioning matrix
  • Risk management matrix
  • Category definition
  • Category nuances
  • Importance of category relative to other categories

Research Framework

SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary research

  • Procurement heads
  • Category managers
  • Sourcing consortium professionals
  • Industry experts and thought leaders
  • Procurement managers
  • Category heads of suppliers
  • Client account heads/managers
  • Client and industry consultants

Secondary research

  • Industry journals and reports
  • Periodicals and new articles
  • Category webinars
  • Internal categiry playbooks
  • Industry and government websites on regulations and compliance
  • Internal databases
  • Industry blogs/thought leader briefings

DATA ANALYSIS

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