The global procurement as a service market to increase from US$ 5.4 billion in 2020 to US$ 7.7 billion by 2025 with a compound annual growth rate (CAGR) of 7.3% for the period 2020-2025. The research report on the global procurement as a service market provides extensive competition analysis and competitive conditions. The report includes information on significant products, players, challenges and developments, and other information specific to the procurement as a service market. The data in this report is targeted for business and industry practitioners and specifically intended to assist in the explanation, direction, and understanding of the potential of the procurement as a service market. The study focuses on providing readers with an understanding of developments in the industry, market segments, market forecasts, leading players, and market drivers.
- Goals and objectives of the study
- Define key market trends, innovations, opportunities, and factors influencing the global procurement as a service market and its sub-segments.
- Identify and analyze primary industry categories and their respective frameworks for the procurement as a service global market.
- Predict the total size of the procurement as a service market internationally and analyze it based on the component, enterprise size, industry, and region.
- Classify primary players and assess the business environment based on recent developments and segment revenue.
Chapter 2, "Market Overview" provides an overview of the procurement as a service market. The chapter includes macro-economic factors, market determinants (includes market drivers, restraints, opportunities, and challenges), value chain analysis, technology/product roadmap, Porter 5 force model analysis, market growth opportunity analysis.
Chapter 3 "Segment Analysis" of the study deals with the different sub-segments of the market to calculate reliable market forecasts. The procurement as a service market was segmented based on component, enterprise size, industry. The chapter provides an in-depth analysis of the market segments of the procurement as a service market, year-on-year growth projections that enable readers to identify potential market growth areas.
- Market Segmentation
- Based on components, the global demand for procurement as a service is segmenting into strategic sourcing, spend management, contract management, category management, process management, transactions management.
- Depending on the size of the enterprise, the procurement as a service market is segmenting into small and medium enterprises and large enterprises.
- Based on Industry, the market is segmenting into manufacturing, retail and consumer packaged goods, banking, financial services, and insurance, it and telecom, energy and utilities, healthcare, travel and hospitality, others.
Chapter 4, "Regional Analysis" includes an in-depth analysis of the procurement as a service market by regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The report also includes a comprehensive analysis of the procurement as a service market in key countries such as the United States, Canada, Germany, France, Italy, Spain, China, India, Japan, the GCC, South Africa, Brazil, Mexico, and the rest of the world. Regional insight helps market competitors to make crucial decisions about their company. Individualized, country-wise, and segment-wise analyses by region allow readers of the procurement as a service market report to explore the potential of the market in different geographies. For each year's growth projections and a global share of value, this section is a vital part of the report.
Chapter 5 "Competitive Analysis" of the report includes company shares analysis, a list of acquisitions, mergers, collaboration, and the introduction of new products.
Chapter 6 "Company Profile" of the report also covers key industry players working on the procurement as a service market. Some of the prominent competitors in the procurement as a service market are Accenture plc, CA Technologies, Capgemini SE, Corbus, LLC., GEP Worldwide, HCL Technologies, Infosys Limited, International Business Machines Corporation, Wipro Limited, Xchanging. The report also discusses the business strategies adopted by the players at the global, regional, and country-level. The study also focuses on various businesses or inorganic business development strategies for expanding consumer networks through product formation, organization extension, partnerships, mergers, and acquisitions.
The study offers an exhaustive summary and estimate of the global procurement as a service market. It includes in-depth qualitative and quantitative analyses in the report that aligned with the goals and objectives of our customers. Projections have been confirmed by comprehensive primary and secondary analysis. The study will encourage clients to invest in the procurement as a service market based on the current business situation, trends, and potential developments in the segments. Understanding the requirement of the client, the report delivers specialist insights into the global procurement as a service market, its products, and market patterns.
