The global procurement as a service market size was valued at USD 5.7 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 7% from 2021 to 2027. Procurement as a service is an outsourced procurement model that uses: The combination of skills and expertise to handle the procurement function of the organization. Many organizations rely on digital technology to perform procurement and sourcing functions and track payments and purchases. Digital procurement is the application of disruptive technologies to enable automation of transaction procurement. It also helps reduce operational costs by helping processes such as strategic sourcing be predictable and supplier management proactive. As a service provider, the majority of procurements are providing reporting portals to consumers to ensure the transparency of the process.
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Company Profile
- Accenture; HCL Technologies Limited
- IBM
- GEP
- Tata Consultancy Services Limited
- WNS (Holdings) Ltd
- Wipro Limited
- Infosys Limited
- Genpact
Market Segmentation
By Component
Solutions
- Statement of Work Procurement
- Services Governance and Master Service Agreement Management
- Freelancer Management
- Contingent Workforce Management
- Services
- Support and Maintenance
- Deployment and Integration
- Consulting
- By Vertical
- Telecom and IT
- Manufacturing
- Retail and Consumer Goods
- Government
- Healthcare and Life Sciences
- Others
- By Geographic Scope
- North America
- S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
Rest of the World
Scope of the Report
The research study analyzes the global Procurement As A Service industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Procurement As A Service Market Report
1. What was the Procurement As A Service Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Procurement As A Service Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Procurement As A Service Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Procurement As A Service market.
- The market share of the global Procurement As A Service market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Procurement As A Service market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Procurement As A Service market.
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(This release has been published on Global Market Post.
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