Press release
Procurement-as-a-Service Market to reach USD 5.30 Bn by 2029, emerging at a CAGR of 6.5 percent and forecast 2023-2029
Procurement-as-a-Service Market
The comprehensive report delves into the dynamic landscape of Procurement-as-a-Service, offering a detailed analysis of market segments, trends, opportunities, drivers, restraints, and regional insights. The research methodology encompasses rigorous data collection, analysis, and industry expert insights to provide a thorough understanding of the market dynamics.
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Procurement-as-a-Service Market Dynamics:
One of the key factors propelling the market's growth is the adoption of cognitive procurement technologies. As industries increasingly integrate artificial intelligence (AI) into procurement processes, opportunities for enterprises to enhance efficiency, reduce operational costs, and expedite productivity gains are becoming prominent. Leading service providers such as GEP, Genpact, Infosys Ltd., are embracing AI to augment their procurement offerings.
Procurement-as-a-Service Market Regional Insights:
Asia Pacific: The Asia Pacific region is experiencing remarkable growth, with countries like China, India, and Japan playing pivotal roles. Emerging economies in Southeast Asia are witnessing infrastructural growth, leading to increased demand for procurement-as-a-service solutions.
North America: The North American market continues to thrive, driven by advanced technology adoption and trade agreements that open up export opportunities for US companies. Robotic Process Automation (RPA) is significantly impacting procurement operations in this region.
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Procurement-as-a-Service Market Segmentation:
by Component
1. Strategic Sourcing
2. Spend Management
3. Category Management
4. Process Management
5. Contract Management
6. Transaction Management
by Enterprise Size
1. SMEs
2. Large Enterprises
by End-Use Industry
1. IT & Telecom
2. Consumer Goods & Retail
3. Manufacturing
4. Energy & Utility
5. Healthcare
6. Hospitality & Tourism
7. Others
Procurement-as-a-Service Market Key Players:
1.Infosys
2.GEP
3.Genpact
4.Proxima
5.WNS Denali
6.Capgemini
7.IBM
8.Wipro
9.HCL Technologies
10.Tata Consultancy Services(TCS)
11.Xchanging
12.Aegis Components Inc.
13.Corbus LLC
14.Bain & Company
15.CA Technologies
16.Hewlett Packard Enterprise Development LP
17.Skybox Security Inc.
18.Palo Alto Networks, Inc
19.Cisco Systems, Inc.
More Related Reports: https://www.maximizemarketresearch.com/market-report/procurement-as-a-service-market/165074/
Table of content for the Procurement-as-a-Service Market includes:
Global Procurement-as-a-Service Market: Research Methodology
Global Procurement-as-a-Service Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Procurement-as-a-Service Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size and Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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