Press release
Global Procurement as a Service (PaaS) Market Projected to Reach USD 22.35 Billion by 2035; Strategic Insights Now Available for US$99
Evolve DataBank
The global corporate procurement landscape is undergoing a massive transition toward outsourced, digital-first models, with the Procurement as a Service (PaaS) market projected to grow from USD 10.21 billion in 2024 to USD 22.35 billion by 2035. According to the latest exhaustive research by Evolve DataBank, the industry is maintaining a steady CAGR of 7.13%, driven by the accelerating digitalization of procurement operations, rising demand for cost containment, and the strategic adoption of AI-driven supply chain management.
The report identifies Strategic Sourcing as the dominant component due to the increasing complexity of global supplier ecosystems, while Spend Management is emerging as the fastest-growing segment as enterprises seek granular visibility into indirect spending. Geographically, North America remains the largest market leader, supported by early technology integration. Meanwhile, Asia-Pacific is identified as the fastest-growing region, fueled by rapid industrialization and the digital modernization of SMEs across India, China, and Southeast Asia.
Institutional-Grade Intelligence Now Accessible for US$99 In an industry-first move to democratize high-tier supply chain and IT research, Evolve DataBank is making its professional-grade 2023-2035 PaaS data suite available for just US$99. This report provides granular data across components (Strategic Sourcing, Spend Management, Contract Management, Process Management), enterprise sizes (SME, Large Enterprise), and critical industry verticals including Manufacturing, BFSI, and IT & Telecom.
For instant access to the full forecast and segmentation data, visit: https://evolvedatabank.com/ProductMaster/ProductDataDisplay/procurement-as-a-service-market-analysis
"Procurement is no longer a back-office function; it has become a frontline strategic asset powered by cloud-based automation and predictive analytics," says the Senior Analyst at Evolve DataBank. "By offering our in-depth analysis at a US$99 price point, we are empowering startups, SMEs, and independent analysts to access the same institutional-level data used by global leaders like IBM, and SAP."
Key Highlights of the Procurement as a Service Market Report:
• SME Growth Surge: Detailed analysis of how SMEs are leveraging PaaS to access enterprise-grade procurement capabilities without heavy capital investments.
• AI & Machine Learning Impact: Evaluation of how predictive analytics and automated purchase orders are increasing operational efficiency.
• ESG & Ethical Sourcing: In-depth look at the rising emphasis on sustainable sourcing strategies to meet global environmental and governance standards.
• Vertical Dynamics: Comprehensive breakdown of the massive demand within the Manufacturing and IT/Telecom sectors for agile supplier management.
Sign up to Evolve DataBank for instant access to market reports and industry analysis across all covered verticals: https://evolvedatabank.com/Menu/UserSignup
Evolve DataBank Powered By Evolve Business Intelligence
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Email: info@evolvebi.com
Web: www.evolvedatabank.com
Evolve Data Bank, powered by Evolve Business Intelligence, is a premier online platform offering highly granular, data-driven market insights across diverse global verticals. We are the strategic partner for businesses, analysts, and researchers seeking reliable, actionable market intelligence.
Our comprehensive data bank covers critical sectors including Automotive & Transportation, Aerospace and Defence, Chemical and Materials, Construction And Manufacturing, Electronics and Semiconductor, and essential service industries like Life Science, Consumer Goods & Retail, BFSI, Food & Beverages, Information & Communication Technology, and Energy & Power.
Redefining Industry Access: Committed to democratizing high-tier market research, Evolve DataBank now offers its professional-grade data suites at a market-disrupting entry point of just US$99. By removing the traditional financial barriers to institutional-level intelligence, we empower startups, SMEs, and independent analysts to make data-backed decisions with the same precision as global enterprises.
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