Procurement-as-a-Service Market was valued at USD 3.4 Billion in 2022, and is expected to reach USD 5.30 Billion by 2029, exhibiting a CAGR of 6.5% during the forecast period (2023-2029)
Procurement-as-a-Service Market Overview
The report Procurement-as-a-Service Market by Maximize Market Research provides detailed overview of the Procurement-as-a-Service Market. The Procurement-as-a-Service Market Report covers all the major dynamics including strategies, pricing analysis, micro and macro Market trends and scenarios, Industry rivalry, and short-term Market circumstances. This helps to understand the Market structure in detail. The report also provides detailed analysis of the segment wise trend
Do you have any questions? Ask our experts:https://www.maximizemarketresearch.com/inquiry-before-buying/165074
Procurement-as-a-Service Market Report Scope and Research Methodology
The report provides the Procurement-as-a-Service Market's present size, growth rates, and company profiles of the top players and producers. The report offers the Market share and rival sector and an analysis of the key vendors and leading regions. The report gives a detailed analysis of the Market and includes meaningful insights, facts, historical data, and statistically supported and industry-validated Market statistics on Procurement-as-a-Service. The bottom-up approach was used to estimate the Market size. The Market revenue is determined by the primary and secondary data collection sources.
Request for a Sample Report to get a more detailed analysis of the other segments:https://www.maximizemarketresearch.com/request-sample/165074
A thorough analysis of the regional environment is included, along with information on the potential, important growth indicators, geographical challenges, and threats facing the Market. The segment-wise analysis is categorized into #, # and #. The following details are offered: a description of the company, its primary operations, total earnings and sales, revenue generated in the Market, the entry date into the Market, recent developments, and other details. The qualitative and quantitative approaches are analyzed in the report.
Market Segmentation
Strategic sourcing, spend management, category management, process management, contract management, and transaction management are the component-based market segments for procurement as a service. With a market share of 21.8% in 2022, the spend management sector led the component category and is predicted to expand at a CAGR of 5.52% during the following five years. An organisation may ensure that the supplier data is kept up to date with the help of an excellent spend management system, ensuring that procurement executives have access to the correct data.
The Procurement as a Service market is divided into IT and telecom, consumer goods and retail, manufacturing, energy and utility, healthcare, hotel and tourism, and other segments based on end-use industry. Automotive, chemicals, transportation and logistics, and the financial services sector make up the other end-user industries. With a market share of 38.6% in 2022, the manufacturing sector led the end-use industry segment. During the forecast period, it is anticipated to rise at a CAGR of 5.83%.
Market Key Players
1. Accenture
2. Infosys
3. GEP
4. Genpact
5. Proxima
6. WNS Denali
7. Capgemini
8. IBM
9. Wipro
10. HCL Technologies
11. Tata Consultancy Services(TCS)
12. Xchanging
13. Aegis Components Inc.
14. Corbus LLC
15. Bain & Company
16. CA Technologies
17. Hewlett Packard Enterprise Development LP
18. Skybox Security Inc.
19. Palo Alto Networks, Inc
20. Cisco Systems, Inc.
Market Regional Insights
The Procurement-as-a-Service Market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report involves a thorough analysis of all the factors, Market size, growth rate, and import and export in regions.
Do You Have Any Questions About This Report? Please Contact Us On link:https://www.maximizemarketresearch.com/inquiry-before-buying/165074
Key questions answered in the Market are:
- What is Procurement-as-a-Service?
- What was the Procurement-as-a-Service Market size in 2023?
- What is the growth rate of the Procurement-as-a-Service Market?
- Which are the factors expected to drive the Procurement-as-a-Service Market growth?
- What are the upcoming industry applications and trends for the Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Market?
- What segments are covered in the Market?
- Who are the leading companies and what are their portfolios in Market?
- What segments are covered in the Market?
- What is the demand pattern of the Market?
- What major challenges could the Market face in the future?
- Who are the key players in the Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted Market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide Market-verified industry estimations, technical trend analysis, crucial Market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, IndiaC
+91 96071 95908, +91 9607365656
OverviewThe procurement as a service market size is projected to grow at a CAGR of 8.9% during the forecast period.
As per the procurement as a service market research report, the global market for procurement as a service is projected to grow swiftly by US$9 billion by 2025.
Additionally, the market on the basis of vertical, is segmented into government & defense, healthcare, IT & telecom, manufacturing, retail, BFSI, and others.
However, according to the procurement as a service market research report, unique solutions for all business verticals along with dynamic economic landscape will propel growth throughout the forecast period.
The procurement as a service market research report provides an extensive understanding of the procurement as a service market based on the information and forecasts till 2025.Regional OverviewNorth America, Europe, Asia Pacific and the rest of the world regional market for procurement as a service are predominantly covered in the global procurement as a service market research report.
The procurement as a service market research report also covers regional markets from the rest of the world alongside procurement as a service markets of Africa and the Middle East.Complete Report Details @ https://www.marketresearchfuture.com/reports/procurement-service-market-8293Competitive LandscapeDemands across industry verticals and components are presumed to drive the procurement as a service market growth worldwide.
Procurement as a Service MarketThe global procurement service market is valued at USD 4.93 billion in 2018 and is rising at a CAGR of 8.9% with a forecast of USD 9 billion by 2025.All enterprises utilize procurement services and have traditionally managed them in-house.
The changing economic landscape with its emphasis on e-procurement, supply chain management, and efficient p2p systems has made it more cost-effective to outsource these services to businesses dedicated to providing procurement solutions.As this industry grows, it becomes more cost-effective for all businesses to avail procurement services and that is a big factor in this market’s growth.An excellent supporting infrastructure is provided by various IT companies who have expanded their profile to offer procurement services with the largest enterprises setting up their own procurement service units.MARKET USPAn increasing number of enterprises outsourcing all their procurement services related requirements to third-party vendors leading to rapid market growth.SEGMENTATIONBy Component1.
Strategic sourcing overlooks the collation of information pertinent to an organization to maximize its profitability.
It is utilized by all the industries across sectors.2.
Category management benefits businesses of all sizes and with its sphere of application encompassing virtually all industries, this segment is slated to grow.4.
Process Management: With an overarching aim to align and attune an organization’s entire machinery to the goals of the organization, process management is an excellent way for an enterprise to shape up and eliminate all wasteful procedures and ventures.
