Procurement-As-A-Service Market Size to touch USD 8.9 Billion by 2028

The report analyzes and forecasts the Procurement-As-A-Service Market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2022 to 2030. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global Procurement-As-A-Service Market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the Procurement-As-A-Service Market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides size (in terms of volume and value) of Procurement-As-A-Service Market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

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In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research.

Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding. Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

Market Players as below:

The prominent players of the global procurement-as-a-service market involve Accenture, HCL Technologies Ltd, Aegis Limited, GEP, International Business Machines Corporation (IBM), Infosys Limited, Genpact, Wipro Limited, WNS Limited, Tata Consultancy Services Limited (TCS), and among others

The major market segments of Procurement-As-A-Service Market are as below:

Market By Component

Strategic Sourcing
Spend Management
Process Management
Category Management
Contract Management
Transaction Management

Market By Organization

SMEs
Large Enterprises

Market By Vertical

BFSI
Manufacturing
Retail
IT & Telecom
Healthcare
Others

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