The "Procurement as a Service Market" research report provides essential insights into the market and the business landscape, shedding light on how the company is perceived by its target customers and desired clients. This report aids in understanding how to establish connections with customers, assess competitive positioning, and formulate future strategies. It plays a pivotal role in the product and service development process, facilitating their entry into the market and their promotion to consumers. For numerous businesses, the "Procurement as a Service Market" report serves as a fundamental component for shaping marketing strategies, offering a data-driven foundation for sales and profitability estimations.
Data Bridge Market Research analyses that the procurement as a service market value, which was USD 6.21 billion in 2021, is expected to reach the value of USD 11.17 billion by 2029, at a CAGR of 7.60% during the forecast period. “Manufacturing" accounts for the largest vertical segment in the procurement as a service market owing to the growing rate of adoption of procurement as a service by small and medium scale enterprises. The procurement as a service market report also covers pricing analysis, patent analysis, and technological advancements in depth.
Download Sample PDF Copy of this Report to understand structure of the complete report (Including Full TOC, Table & Figures) @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-procurement-as-a-service-market
Market Definition:
From the name itself, it is clear that procurement as a service is a technological system that provides advanced level of procurement services to all sizes of organizations. Procurement as a service is concerned with handling of compliance policies and contracts. Procurement is one of the most important and complex business processes and procurement as a service deals with the same effortlessly.
Some of the major players operating in the procurement as a service market are:
- Cisco Systems, Inc. (US)
- Juniper Networks (US)
- Palo Alto Networks (US)
- Hewlett Packard Enterprise Development LP (US)
- Skybox Security, Inc. (US)
- Accenture (Ireland)
- Infosys (India)
- GEP (US)
- Genpact (US)
- Proxima (UK)
- WNS (Holdings) Ltd. (India)
- Capgemini (France)
- IBM (US)
- Wipro (India)
- HCL Technologies (India)
- Tata Consultancy Services Limited (India)
- Xchanging (UK)
- Aegis (India)
- Corbus (India)
- CA Technologies (US)
Procurement as a Service Market Scope:
The procurement as a service market is segmented on the basis of component, organization size and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component :
- Strategic Sourcing
- Spend Management
- Category Management
- Process Management
- Contract Management
- Transactions Management
Procurement as a service market on the basis of component has been segmented as strategic sourcing, spend management, category management, process management, contract management, and transactions management.
Organization size:
- Large Enterprises
- Small and Medium-Sized Enterprises
Based on organization size, procurement as a service market has been segmented into large enterprises, small and medium-sized enterprises.
Vertical:
- Manufacturing
- Retail and Consumer Packaged Goods
- Banking, Financial Services, and Insurance (BFSI)
- IT and Telecom
- Energy and Utilities
- Travel and Hospitality
- Healthcare
- Others
Procurement as a service has also been segmented on the basis of vertical into manufacturing; retail and consumer packaged goods; banking, financial services, and insurance (BFSI), IT and telecom, energy and utilities, travel and hospitality, healthcare, and others.
Browse Full Report Along with Facts and Figures @ https://www.databridgemarketresearch.com/reports/global-procurement-as-a-service-market
Procurement as a Service Market Regional Analysis/Insights
The procurement as a service market is analysed and market size insights and trends are provided by country, component, organization size and vertical as referenced above.
The countries covered in the procurement as a service market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market due to the rising number of initiatives by government as well as private organizations for digital transformation along with adoption of cloud services while Asia-Pacific region will expect to grow in the forecast period of 2022-2029 due to the increasing advancement in technology along with rising need to prevent cybercrimes.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Browse DBMR Trending Report:
About Data Bridge Market Research:
An absolute way to predict what the future holds is to understand the current trend! Data Bridge Market Research presented itself as an unconventional and neoteric market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are committed to uncovering the best market opportunities and nurturing effective information for your business to thrive in the marketplace. Data Bridge strives to provide appropriate solutions to complex business challenges and initiates an effortless decision-making process. Data Bridge is a set of pure wisdom and experience that was formulated and framed in 2015 in Pune.
Data Bridge Market Research has more than 500 analysts working in different industries. We have served more than 40% of the Fortune 500 companies ly and have a network of more than 5,000 clients worldwide. Data Bridge is an expert in creating satisfied customers who trust our services and trust our hard work with certainty. We are pleased with our glorious 99.9% customer satisfaction rating.
Contact Us: -
Data Bridge Market Research
US: +1 888 387 2818
United Kingdom: +44 208 089 1725
Hong Kong: +852 8192 7475
