Procurement as a Service Market

Procurement as a service is an outsourced procurement model that combines technology, staff, and expertise to handle a portion, if not all, of your organization?s procurement function. Technology helps them see what you?re spending money on, and where you will likely be able to find savings. It helps them choose the categories for sourcing and assign category experts to handle purchasing for those categories. It relies on technology to do the sourcing and procurement, track purchases and payments and handles three-way matching to make sure you?re only paying for what you get, and that you get the everything you?re supposed to when you?re supposed to.
Procurement as a Service Market contains market size and forecasts of Procurement as a Service (PaaS) in Global, including the following market information:
Global Procurement as a Service (PaaS) Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Procurement as a Service (PaaS) market was valued at 6494.3 million in 2021 and is projected to reach US$ 10000 million by 2028, at a CAGR of 6.4% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Strategic Sourcing Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Procurement as a Service (PaaS) include Accenture, Infosys, Capgemini, IBM, HCL Technologies, Wipro, GEP, Proxima and Genpact, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Procurement as a Service (PaaS) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Procurement as a Service (PaaS) Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Procurement as a Service (PaaS) Market Segment Percentages, by Type, 2021 (%)
Strategic Sourcing
Spend Management
Category Management
Process Management
Contract Management
Transactions Management
Others
Global Procurement as a Service (PaaS) Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Procurement as a Service (PaaS) Market Segment Percentages, by Application, 2021 (%)
Manufacturing
BFSI
Retail and Consumer Goods
IT and Telecom
Energy and Utilities
Healthcare
Others
Global Procurement as a Service (PaaS) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Procurement as a Service (PaaS) Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Procurement as a Service (PaaS) revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Procurement as a Service (PaaS) revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Accenture
Infosys
Capgemini
IBM
HCL Technologies
Wipro
GEP
Proxima
Genpact
WNS
Xchanging (DXC Technology)
TCS
Broadcom
Aegis
Corbus