Procurement as a Service (PaaS) Market 2022 Global Insights and Trends - Infosys, Capgemini, IBM, HCL Technologies, Wipro, GEP, Proxima

Global Procurement as a Service (PaaS) Market delivers a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An extremely workable estimation of the present industry scenario has been delivered in the study, and the Procurement as a Service (PaaS) market size with regards to the revenue and sales, demand have also been mentioned. Overall, the research report is a gathering of key data with regards to the competitive landscape of these multiple regions where the business has successfully recognized its position.

Procurement as a Service (PaaS) Market was valued at US$ 3,137.7 million in 2020 and is projected to reach US$ 4,741.1 million by 2027; it is expected to grow at a CAGR of 6.8% from 2022 to 2028.

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Some of the Key participants in the global Procurement as a Service (PaaS) market include: Infosys, Capgemini, IBM, HCL Technologies, Wipro, GEP, Proxima, Genpact, WNS, Xchanging (DXC Technology), TCS, Broadcom, Aegis, Corbus

News and Updates

Capgemini Launches Innovative On-Demand, Procurement-as-a-Service Solution through Acquisition of IBX- PARIS and STOCKHOLM, February 2, 2010 - Having collaborated together since summer 2009, Capgemini and IBX decided to join forces in order to drive development of a new global procurement service offering and further expand the addressable market for IBX's best-in-class technology. The deal adds IBX's strength in software-as-a-service purchasing technology to Capgemini's global sourcing, business process outsourcing (BPO) and transformation expertise.

GEP Launches the First Unified Sourcing & Procurement Platform Native to Cloud, Mobile and Touch Technologies- GEP, a leading global provider of procurement services and procurement software to Fortune 500 and Global 2000 enterprises worldwide, today announced the launch of SMART by GEP,  the first unified sourcing and procurement platform native to cloud, mobile and touch technologies.

Makret Overview

Procurement as a service, simply put, is an outsourced procurement business model which combines staff, expertise, and technology to manage complete or a portion user organization procurement function.

Procurement-as-a-service is defined as a process of buying and managing strategic outsourcing of work and consultancy. It is process of obtaining materials, supplies, services, and contracts with the highest level of qualitative services. A large number of organizations rely on digital technology to carry out procurement and sourcing functions as well as track payments and purchases

The market for procurement as-a-service has been segmented based on component, enterprise size, end-user industry, and geography. Based on component, the market is segmented into strategic sourcing, spend management, category management, process management, contract management, transaction management. The spend management segment represented the largest share of the overall market during 2020.

Procurement as a Service (PaaS) Market Segmentation:

Procurement as a Service (PaaS) Market Fragmented By Types

Strategic Sourcing

Spend Management

Category Management

Process Management

Contract Management

Transactions Management

Others

Procurement as a Service (PaaS) Market Fragmented By Applications

Manufacturing

BFSI

Retail and Consumer Goods

IT and Telecom

Energy and Utilities

Healthcare

Others

Regional and Country-level Analysis

The Procurement as a Service (PaaS) Market report deals with complete geographical analysis of the global Procurement as a Service (PaaS) market, covering significant regions, viz, North America, Europe, China, and Japan. This report also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Inonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

Strategic Points Covered in TOC:

The report focuses on global major leading industry players with information such as company profiles, product picture, and specification, capacity, production, price, cost, revenue, and contact information. Upstream raw materials, equipment, and downstream consumers analysis is also carried out. What's more, the Procurement as a Service (PaaS) industry development trends and marketing channels are analyzed. To conclude, the feasibility of new investment projects is evaluated, and overall research assumptions are offered.

Procurement as a Service (PaaS) market research includes the a methodical description of the various factors such as the market growth and detailed information about the different company's revenue, developments, production, and the various other strategic developments. The regional spaces of important components, including the capability, cost, price, technology, supplies, profit, and competition are analyzed.

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Procurement as a Service (PaaS) Market Analysis and Strategies Carry Out as below:

The report explains a gist of the tried-and-tested as well as innovative strategies undertaken by potential stakeholders with regards to the marketing of the product.
The sales channels chosen (that include direct as well as indirect marketing) by the companies are briefly enumerated in the Procurement as a Service (PaaS) market report.
The suppliers of these products and a gist of the top-of-the-notch customers for the same are also encompassed in the study.
The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the Procurement as a Service (PaaS) market and their impact on the revenue scale of this business sphere.
The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the Procurement as a Service (PaaS) Market report.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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