Home » News » Procurement as a Service Market is Thriving Worldwide By Size, Revenue, Emerging Trends and Top Growing Companies 2028 | Accenture, Infosys, GEP, Genpact, Proxima, WNS, Capgemini, IBM, Wipro, HCL Technologies
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Procurement as a Service Market is Thriving Worldwide By Size, Revenue, Emerging Trends and Top Growing Companies 2028 | Accenture, Infosys, GEP, Genpact, Proxima, WNS, Capgemini, IBM, Wipro, HCL Technologies

This detailed market study covers procurement as a service market growth potentials which can assist the stake holders to understand key trends and prospects in procurement as a service market identifying the growth opportunities and competitive scenarios. The report also focuses on data from different primary and secondary sources, and is analyzed using various tools. It helps to gain insights into the market’s growth potential, which can help investors identify scope and opportunities. The analysis also provides details of each segment in the global procurement as a service market

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According to the report, the procurement as a service market report points out national and global business prospects and competitive conditions for Procurement as a service. Market size estimation and forecasts were given based on a detailed research methodology tailored to the conditions of the demand for Procurement as a service. The Procurement as a service market has been segmented by component (strategic sourcing, spend management, category management, process management, contract management, and transactions management), by vertical (manufacturing, retail and consumer packaged goods, banking, financial services, and insurance (bfsi), it and telecom, energy and utilities, healthcare, travel and hospitality, others), by organization size(large enterprises and small & medium-sized enterprises). Historical background for the demand of Procurement as a service has been studied according to organic and inorganic innovations in order to provide accurate estimates of the market size. Primary factors influencing the growth of the demand Procurement as a service have also been established with potential gravity.

Regional segmentation and analysis to understand growth patterns:
The market has been segmented in major regions to understand the global development and demand patterns of this market.

By region, the procurement as a service market has been segmented in North America, Europe, Asia Pacific, Middle East, and Rest of the World. The North America and Western Europe regions are estimated to register a stable demand during the forecast period with market recovery from recent slowdowns. North America region includes the US, Canada, and Mexico. The US is estimated to dominate this market with a sizeable share followed by Canada, and Mexico. The industrial sector is a major contributor to the US and Canada economies overall. Hence, the supply of advanced materials in production activities is critical to the overall growth of industries in this region.

Western Europe region is dominated by Germany, the UK, France, Italy, and Spain. These countries also have a strong influence on the industrial sector resulting in sizeable demand for procurement as a service market .

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Asia Pacific is estimated to register the highest CAGR by region during the forecast period. The presence of some of the high growth economies such as China and India is expected to propel the demand in this region. Besides, this region has witnessed strategic investments by major companies to increase their market presence. The Middle East and Eastern Europe are estimated to be other key regions for the procurement as a service market with a strong market potential during the forecast period. Rest of the World consisting of South America and Africa are estimated to be emerging markets during the forecast period.

This report provides:
1) An overview of the global market for procurement as a service market and related technologies.
2) Analysis of global market trends, yearly estimates and annual growth rate projections for compounds (CAGRs).

3) Identification of new market opportunities and targeted consumer marketing strategies for global procurement as a service market .
4) Analysis of R&D and demand for new technologies and new applications
5) Extensive company profiles of key players in industry.

The researchers have studied the market in depth and have developed important segments such as product type, application and region. Each and every segment and its sub-segments are analyzed based on their market share, growth prospects and CAGR. Each market segment offers in-depth, both qualitative and quantitative information on market outlook.

With an emphasis on strategies there have been several primary developments done by major companies such as Accenture, Infosys, GEP, Genpact, Proxima, WNS, Capgemini, IBM, Wipro, HCL Technologies, TCS, Xchanging, Aegis, Corbus, CA Technologies

Market Segmentation:
By Component:
o Strategic Sourcing
o Spend Management
o Category Management
o Process Management
o Contract Management
o and Transactions Management

By Vertical:
o Manufacturing
o Retail and consumer packaged goods
o Banking
o Financial Services
o Insurance (BFSI)
o IT and Telecom
o Energy and Utilities
o Healthcare
o Travel and Hospitality
o Others

By Organization Size:
o Large Enterprises
o Small
o and Medium-Sized Enterprises

By Region:
North America
o North America, by Country
o US
o Canada
o Mexico
o North America, by Component
o North America, by Vertical
o North America, by Organization Size

Western Europe
o Western Europe, by Country
o Germany
o UK
o France
o Italy
o Spain
o The Netherlands
o Rest of Western Europe
o Western Europe, by Component
o Western Europe, by Vertical
o Western Europe, by Organization Size

Asia Pacific
o Asia Pacific, by Country
o China
o India
o Japan
o South Korea
o Australia
o Indonesia
o Rest of Asia Pacific
o Asia Pacific, by Component
o Asia Pacific, by Vertical
o Asia Pacific, by Organization Size

Eastern Europe
o Eastern Europe, by Country
o Russia
o Turkey
o Rest of Eastern Europe
o Eastern Europe, by Component
o Eastern Europe, by Vertical
o Eastern Europe, by Organization Size

Middle East
o Middle East, by Country
o UAE
o Saudi Arabia
o Qatar
o Iran
o Rest of Middle East
o Middle East, by Component
o Middle East, by Vertical
o Middle East, by Organization Size

Rest of the World
o Rest of the World, by Country
o South America
o Africa
o Rest of the World, by Component
o Rest of the World, by Vertical
o Rest of the World, by Organization Size

Objectives of this report:
o To estimate market size for Procurement as a service market on regional and global basis.
o To identify major segments in Procurement as a service market and evaluate their market shares and demand.
o To provide a competitive scenario for the Procurement as a service market with major developments observed by key companies in the historic years.
To evaluate key factors governing the dynamics of Procurement as a service market with their potential gravity during the forecast period.

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