Procurement as A Service Market Size & Growth Analysis Report, 2021-2027

The global procurement as a service market size was valued at USD 5.7 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 7% from 2021 to 2027. Procurement as a service is an outsourced procurement model that uses: The combination of skills and expertise to handle the procurement function of the organization. Many organizations rely on digital technology to perform procurement and sourcing functions and track payments and purchases. Digital procurement is the application of disruptive technologies to enable automation of transaction procurement. It also helps reduce operational costs by helping processes such as strategic sourcing be predictable and supplier management proactive. As a service provider, the majority of procurements are providing reporting portals to consumers to ensure the transparency of the process.

A full report of Global Procurement as A Service Market available at: https://www.orionmarketreports.com/procurement-as-a-service-market/6585/

Key Players:

• Accenture; HCL Technologies Limited
• IBM
• GEP
• Tata Consultancy Services Limited
• WNS (Holdings) Ltd
• Wipro Limited
• Infosys Limited
• Genpact

Global Service Procurement Market Segmentations

By Component

Solutions

o Statement of Work Procurement
o Services Governance and Master Service Agreement Management
o Freelancer Management
o Contingent Workforce Management

Services

o Support and Maintenance
o Deployment and Integration
o Consulting

By Vertical

• Telecom and IT
• Manufacturing
• Retail and Consumer Goods
• Government
• Healthcare and Life Sciences
• Others

By Geographic Scope

North America

• U.S.
• Canada
• Mexico

Europe

• Germany
• UK
• France
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Rest of Asia Pacific

Rest of the World

Reasons to Buying From us –

• We cover more than 15 major industries, further segmented into more than 90 sectors.
• More than 120 countries are for analysis.
• Over 100+ paid data sources mined for investigation.
• Our expert research analysts answer all your questions before and after purchasing your report.

Key Questions Answered by Procurement as A Service Market Report

• What was the Procurement as A Service Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Procurement as A Service Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Procurement as A Service Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

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Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.