Procurement as a Service (PaaS) Market to Witness Huge Growth by Key Players: Infosys, Capgemini, IBM, HCL Technologies, Wipro, GEP, Proxima, Genpact, WNS, Xchanging (DXC Technology), TCS, Broadcom, Aegis, Corbus

The global Procurement as a Service (PaaS) market is projected to grow from US$ 6785 million in 2023 to US$ 9984.3 million by 2029, at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period. 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.

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The Procurement as a Service (PaaS) research Report is the most comprehensive report available on this market and will help gain a global perspective as it covers 60 geographies. The regional and country breakdowns section analyses the market in each geography and the size of the market by region and country. It also compares the market's historic and forecast growth and highlights significant trends and strategies players can adopt. The report also includes consumer surveys and various future opportunities for the market.

Competitive Landscape:
Some of the prominent players operating in the Procurement as a Service (PaaS) Market:
- Infosys
- Capgemini
- IBM
- HCL Technologies
- Wipro
- GEP
- Proxima
- Genpact
- WNS
- Xchanging (DXC Technology)
- TCS
- Broadcom
- Aegis
- Corbus

Detailed Segmentation:
As a result of the Procurement as a Service (PaaS) market segmentation, the market is divided into sub-segments based on product type, application, as well as regional and country-level forecasts.
By Type:
- Strategic Sourcing
- Spend Management
- Category Management
- Process Management
- Contract Management
- Transactions Management
- Others

By Application:
- Manufacturing
- BFSI
- Retail and Consumer Goods
- IT and Telecom
- Energy and Utilities
- Healthcare
- Others

Global Procurement as a Service (PaaS) Market, By Region:
This report covers the trends and market dynamics of the Procurement as a Service (PaaS) market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
North America (United States, Canada)
Europe (Germany, France, U.K., Italy, Russia)
Asia-Pacific (China, Japan, South Korea, Southeast Asia, India, Australia, Taiwan, Indonesia, Thailand, Malaysia)
Latin America (Mexico, Brazil, Colombia, Argentina)
Middle East and Africa (Turkey, Saudi Arabia, UAE)

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The research report also includes the present market and its growth potential in the forecast period. An exhaustive and professional study of the global Procurement as a Service (PaaS) Market report has been completed by industry professionals and presented in the most particular manner to present only the details that matter the most. The report mainly focuses on the most dynamic information about the global market.

The Procurement as a Service (PaaS) Market 2022-2028: Key Highlights
• It covers evaluations at the national and regional levels.
• Recommendations and methods for newcomers
• Industry drivers, constraints, possibilities, risks, difficulties, asset management, and ideas.
• It shows information in a written and graphic format that is easy to interpret and compare.
• Procurement as a Service (PaaS) Market changes are dynamic, such as market expansions, partnerships, market penetration, and mergers.

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