Procurement as a Service (PaaS) Market Is Booming Worldwide 2023-2030 | Infosys, Capgemini, IBM

Quadintel published the latest research report on the Global Procurement as a Service (PaaS) Market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Global Procurement as a Service (PaaS) Market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.

The Global Procurement as a Service (PaaS) Market size was USD $$ billion in 2021, and the global market size is forecast to reach USD $$ billion by 2030, growing at a compound annual growth rate (CAGR) of $% during the forecast period from 2022 to 2030.

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Market Overview

In the past few years, the Procurement as a Service (PaaS) market experienced a huge change under the influence of COVID-19, the global market size of Procurement as a Service (PaaS) reached $$ million $ in 2021 from $$ in 2016 with a CAGR of $$ from 2016-2021 is. As of now, the global COVID-19 Coronavirus Cases have exceeded 500 million, and the global epidemic has been basically under control, therefore, the World Bank has estimated the global economic growth in 2021 and 2022. The World Bank predicts that the global economic output is expected to expand 4 percent in 2021 while 3.8 percent in 2022. According to our research on Procurement as a Service (PaaS) market and global economic environment, we forecast that the global market size of Procurement as a Service (PaaS) will reach $$ million $ in 2027 with a CAGR of % from 2022-2027.

Due to the COVID-19 pandemic, according to World Bank statistics, global GDP has shrunk by about 3.5% in 2020. Entering 2021, Economic activity in many countries has started to recover and partially adapted to pandemic restrictions. The research and development of vaccines has made breakthrough progress, and many governments have also issued various policies to stimulate economic recovery, particularly in the United States, is likely to provide a strong boost to economic activity but prospects for sustainable growth vary widely between countries and sectors. Although the global economy is recovering from the great depression caused by COVID-19, it will remain below pre-pandemic trends for a prolonged period. The pandemic has exacerbated the risks associated with the decade-long wave of global debt accumulation. It is also likely to steepen the long-expected slowdown in potential growth over the next decade.

The world has entered the COVID-19 epidemic recovery period. In this complex economic environment, we published the Global Procurement as a Service (PaaS) Market Status, Trends and COVID-19 Impact Report 2022, which provides a comprehensive analysis of the global Procurement as a Service (PaaS) market , This Report covers the manufacturer data, including: sales volume, price, revenue, gross margin, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows the regional development status, including market size, volume and value, as well as price data. Besides, the report also covers segment data, including: type wise, industry wise, channel wise etc. all the data period is from 2016-2021, this report also provide forecast data from 2022-2027.

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Manufacturer Detail
Infosys
Capgemini
IBM
HCL Technologies
Wipro
GEP
Proxima
Genpact
WNS
Xchanging (DXC Technology)
TCS
Broadcom
Aegis
Corbus

Region Segmentation
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Other)
Asia Pacific (China, Japan, India, Korea, Southeast Asia)
Europe (Germany, UK, France, Spain, Italy)
Middle East and Africa (Middle East, Africa)

Product Type Segmentation
Strategic Sourcing
Spend Management
Category Management
Process Management
Contract Management/Transactions Management

Application Segmentation
Manufacturing
BFSI
Retail and Consumer Goods
IT and Telecom
Energy and Utilities/Healthcare

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Report Include:

Market Behavior/ Level of Risk and Opportunity
End Industry Behavior/ Opportunity Assessment
Expected Industry Recovery Timeline

Table of content

Market Overview
Market Definition and Scope
Market Dynamics
Market Industry Analysis
Market, Regional Analysis
Analysis of Leading Companies
Competitive Intelligence
Research Process
Market Analysis and Forecast, By Product Types

Why to purchase this report

The report would provide an in-depth analysis on the current and future market trends
Analysis on global, regional and country level markets
Key strategic initiatives taken by major players operating in the market along with ranking analysis for the key players
Analysis based on historical information along with the current trends to estimate the future of the market
Analysis of the impact of constantly changing global market scenarios

What is the key information extracted from the report?

Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
The report offers the present scenario and future growth prospects Market in various geographical regions.
The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
The SWOT analysis is conducted along with Porter's Five Force analysis.
The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

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