Procurement-as-a-Service Market Size-Share Estimation, Regional Growth Status, CAGR Value, Opportunities, Developments-2030
Procurement-as-a-Service Market was valued at USD 3.62 Billion in 2023, and is expected to reach USD 5.63 Billion by 2030, exhibiting a CAGR of 6.5% during the forecast period (2024-2030)
Procurement-as-a-Service Market Overviews
Maximize Market Research, a prime research firm has recently released a thorough analysis of the "Procurement-as-a-Service Market". This full report estimates the market demand, value, business projections, and the competitive landscape, presenting a meticulously crafted business strategy.
Procurement-as-a-Service Market Scope and Methodology:
The Procurement-as-a-Service Market Report offers a comprehensive estimation of the Procurement-as-a-Service industry, focusing on multiple market segments. Covering a robust research methodology, the report integrates primary data from original research and expert interviews with secondary data from reliable databases and statistical analysis. It assesses market size and regional trends, offering critical insights into the factors influencing the Procurement-as-a-Service market. The report delivers detailed information on Procurement-as-a-Service Market types, their applications across different industries, end-users, and regional market trends.
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Key aspects of market dynamics, including trends, growth drivers, challenges, and opportunities, are meticulously examined. The report also explores leading players, market share, and competitive strategies, along with market size projections, CAGR analysis, and an overview of supply chain dynamics.
Procurement-as-a-Service Market Regional Insights
Regional analysis presented that the leading part in the Procurement-as-a-Service market, which held the largest market share, is projected to retain its dominance throughout the forecast period. Growth in this region is anticipated to have a substantial impact on the global market share. The analysis provides a comprehensive evaluation of North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
Procurement-as-a-Service Market Segmentation
The strategic sourcing, spend management, category management, process management, contract management, and transaction management segments make up the procurement as-a-service market. In 2023, the expenditure management sector held a dominant 21.8% market share in the component category and is anticipated to increase at a compound annual growth rate (CAGR) of 5.52% over the forecast period. An organisation can ensure that procurement executives have access to accurate information by maintaining current supplier data with the use of an efficient spend management system.
The procurement as-a-service market is divided into small and medium-sized enterprises (SMEs) and large enterprises based on the size of the enterprise. With 63.3% of the market share in 2023, the big enterprises sector led the enterprise size segment and is predicted to increase at a CAGR of 7.34% over the course of the forecast period. Big businesses handle complicated contracts that require more experience and take longer to complete, like those involving IT systems, defence hardware, and public infrastructure projects. Because of this, major corporations all over the world are concentrating on lowering costs while also raising total company productivity.
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Procurement-as-a-Service 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.
Key questions answered in the Procurement-as-a-Service Market are:
- What is Procurement-as-a-Service Market?
- What was the Procurement-as-a-Service market size?
- 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 different segments of the Procurement-as-a-Service Market?
- What growth strategies are the players considering to increase their presence in Procurement-as-a-Service Market?
- What are the upcoming industry applications and trends for the Procurement-as-a-Service Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Procurement-as-a-Service Market?
- Who are the leading companies and what are their portfolios in Procurement-as-a-Service Market?
- What segments are covered in the Procurement-as-a-Service Market?
- Who are the key players in the Procurement-as-a-Service market?
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by different segment |
- 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
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