(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Oct 12, 2021, 10:52 /Comserve / -- The global Procurement as a service market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World.
The Global Procurement as a service Market is expected to grow by 2025 at a CAGR of 8.28%.
An increasing need for improving procurement function, including growing penetration of progressive technologies across different industry verticals, is predicted to spice up the market development. During a highly competitive environment, supply chains round the world are modernizing processes to make sure productivity and enhance business operations. Because the supply chain may be a core component within the manufacturing sector, it is predicted to drive high demand for procurement as a service function to take care of market competitiveness. The awareness about the procurement process among organizations has increased over the past years. With the arrival of customized offerings, service providers are making continuous efforts to shift their business offerings to the“as service” model. As consumers become more conscious of advanced procurement functions in their respective business, they are anticipated to seem for providers that provide robust procurement service model. Procurement technology vendors like Tradeshift and SAP are building individual suppliers network, procure-to-pay, and e-procurement solutions. Thus, consumers can swiftly deploy e-procurement solutions and gain benefits by reducing time to plug the products. Procurement as a service may be a delegated procurement model that comes with technology, employees, and knowledge to manage a neighborhood, if not all, of the procurement function of your organization. The rising need of cost-reducing, and streamline procurement service is predicted to dominate the worldwide procurement as a service market within the forecast period. North America is predicted to dominate the worldwide market within the forthcoming period.
The global Procurement as a service market is segregated on the basis of Vertical as Travel and Hospitality, Healthcare, Manufacturing, Retail and Consumer Packaged Goods, Banking, Financial Services, and Insurance, IT and Telecom, Energy and Utilities, and Others. Based on Organization Size the global Procurement as a service market is segmented in Small and Medium-Sized Enterprises and Large Enterprises. Based on Component the global Procurement as a service market is segmented in Transactions Management, Contract Management, Process Management, Category Management, Spend Management, and Strategic Sourcing.
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The global Procurement as a service market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Procurement as a service market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
TCS, Xchanging, Aegis, Corbus, CA Technologies, Accenture, Infosys, GEP, Genpact, Proxima, and others are among the major players in the global Procurement as a service market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Procurement as a service Market has been segmented as below:
Procurement as a service Market, By Vertical
Travel and Hospitality
Healthcare
Manufacturing
Retail and Consumer Packaged Goods
Banking, Financial Services, and Insurance
IT and Telecom
Energy and Utilities
Others
Procurement as a service Market, By Organization Size
Small and Medium-Sized Enterprises
Large Enterprises
Procurement as a service Market, By Component
Transactions Management
Contract Management
Process Management
Category Management
Spend Management
Strategic Sourcing
Procurement as a service Market, By Region
North America
Europe
Asia-Pacific
Rest of the World
Procurement as a service Market, By Company
TCS
Xchanging
Aegis
Corbus
CA Technologies
Accenture
Infosys
GEP
Genpact
Proxima
The report covers:
Global Procurement as a service market sizes from 2015 to 2024, along with CAGR for 2018-2024
Market size comparison for 2017 vs 2024, with actual data for 2017, estimates for 2018 and forecast from 2019 to 2024
Global Procurement as a service market trends, covering comprehensive range of consumer trends & manufacturer trends
Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Procurement as a service market
Major market opportunities and challenges in forecast timeframe to be focused
Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
Comprehensive company profiles of the key industry players
Report Scope:
The global Procurement as a service market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Procurement as a service market share. Major industry players with significant revenue share include TCS, Xchanging, Aegis, Corbus, CA Technologies, Accenture, Infosys, GEP, Genpact, Proxima, and others.
Reasons to Buy this Report:
Gain detailed insights on the Procurement as a service industry trends
Find complete analysis on the market status
Identify the Procurement as a service market opportunities and growth segments
Analyse competitive dynamics by evaluating business segments & product portfolios
Facilitate strategy planning and industry dynamics to enhance decision making.
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
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