Procurement-as-a-Service Market was valued at USD 3.20 Billion in 2021, and is expected to reach USD 5.30 Billion by 2029, exhibiting a CAGR of 6.5 % during the forecast period (2022-2029)
Procurement-as-a-Service Market Overview
The report covers the Procurement-as-a-Service market most recent revenue and market trends. It provides a market overview, definition, and structure, as well as preventative and pre-planned management. The report focuses on the factors that influence the Procurement-as-a-Service Market, such as gross margin, cost, market share, capacity utilization, and supply. It also aids in determining the future potential of the Procurement-as-a-Service Market in the next few years during the forecast period. The report provides a market overview through common subjects that are highlighted with unique data based on the need. The overview aids in making decisions about how to approach the market and comprehending the industry’s backdrop.
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Procurement-as-a-Service Market Scope
The report focuses on the major key drivers and restraints for key companies, as well as the current competitive benchmarking and development prospects. The report provides current Procurement-as-a-Service market trends and future insights in terms of demand, supply chain, and sales, as well as recent changes in the market. Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, and Gross Margin & Sales by Product are all included in this Procurement-as-a-Service market research report. For the competitive analysis, the report includes the profile of the key market players in the Procurement-as-a-Service market including company overview, financial performance, product portfolio, and strategies. SWOT and PESTLE analysis were used for the research that combines quantitative and qualitative research methods.
Segmentation :
Strategic sourcing, spend management, category management, process management, contract management, and transaction management are the components that make up the procurement as-a-service market. The procurement as-a-service market is divided into two segments based on enterprise size: small and medium enterprises (SMEs) and large enterprises. The large enterprises segment dominated the enterprise size segment in 2021, accounting for 63.3% of the market, and is expected to grow at a CAGR of 7.34% during the forecast period. The Procurement as-a-Service market is divided into end-use industries such as IT and telecom, consumer goods and retail, manufacturing, energy and utility, healthcare, hospitality and tourism, and others. Other end-user industries include automotive, chemicals, transportation and logistics, and financial services.
- Global Procurement-as-a-Service Market: Research Methodology
- Global Procurement-as-a-Service Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Procurement-as-a-Service Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Procurement-as-a-Service Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Procurement-as-a-Service Market Segmentation
- Global Market, by Component (2021-2029)
- Global Market, by Enterprise Size (2021-2029)
- Global Procurement-as-a-Service Market, by End-Use Industry (2021-2029)
- Regional Procurement-as-a-Service Market(2021-2029)
- Regional Market, by Component (2021-2029)
- Regional Market, by Enterprise Size (2021-2029)
- Regional Market, by End-Use Industry (2021-2029)
- Regional Market, by Country (2021-2029)
- Company Profile: Key players
• Infosys
• GEP
• Genpact
• Proxima
• WNS Denali
• Capgemini
• IBM
• Wipro
• HCL Technologies
• Tata Consultancy Services(TCS)
• Xchanging
• Aegis Components Inc.
• Corbus LLC
• Bain & Company
• CA Technologies
• Hewlett Packard Enterprise Development LP
• Skybox Security Inc.
• Palo Alto Networks, Inc
• Cisco Systems, Inc.
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Regional Analysis
The report on the Procurement-as-a-Service Market’s growth provides a detailed regional analysis. It demonstrates the most significant regional divides, such as North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, has global influence. To keep ahead of the competition, market research gains a better perspective and understanding of the market and target audience.
Key Questions answered in the Procurement-as-a-Service Market Report are:
- What is Procurement-as-a-Service Market?
- What is the forecast period of the Market?
- What is the competitive scenario of the market?
- Which region held the largest market share in the Market?
- What are the opportunities for the Market?
- What are the restraining factors in the market?
- Who are the key players of the market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Procurement-as-a-Service#
- Landscape- Leading key players and other prominent key players.
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