Procurement-as-a-Service Market by Component (Category Management, Contract Management, Process Management), Vertical (Banking, Financial Services, & Insurance, Energy & Utilities, Healthcare) - Global Forecast 2024-2030

Procurement-as-a-Service Market by Component (Category Management, Contract Management, Process Management), Vertical (Banking, Financial Services, & Insurance, Energy & Utilities, Healthcare) - Global Forecast 2024-2030


The Procurement-as-a-Service Market size was estimated at USD 7.40 billion in 2023 and expected to reach USD 8.04 billion in 2024, at a CAGR 8.65% to reach USD 13.24 billion by 2030.

Global Procurement-as-a-Service Market

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Procurement-as-a-Service Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Procurement-as-a-Service Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Procurement-as-a-Service Market, highlighting leading vendors and their innovative profiles. These include Accenture PLC, Aegis Components Inc., Bain & Company, Inc., Capgemini SE, Corbus, LLC, Coupa Software Inc., Efficio LLP, Genpact, GEP, HCL Technologies Limited, Infor, Inc. by Koch Industries, Infosys Limited, International Business Machines Corporation, Tata Consultancy Services Limited, and Wipro Group.

Market Segmentation & Coverage

This research report categorizes the Procurement-as-a-Service Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
Category Management
Contract Management
Process Management
Spend Management
Strategic Sourcing
Transactions Management
Vertical
Banking, Financial Services, & Insurance
Energy & Utilities
Healthcare
IT & Telecom
Manufacturing
Retail & Consumer Packaged Goods
Travel & Hospitality
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Procurement-as-a-Service Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Procurement-as-a-Service Market?
3. What are the technology trends and regulatory frameworks in the Procurement-as-a-Service Market?
4. What is the market share of the leading vendors in the Procurement-as-a-Service Market?
5. Which modes and strategic moves are suitable for entering the Procurement-as-a-Service Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Procurement-as-a-Service Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing demand in the organizations to streamline the procurement process
5.1.1.2. Need of the service to handle compliance policies and contracts
5.1.1.3. Growing demand from end user industries
5.1.2. Restraints
5.1.2.1. Issues regarding data security and privacy
5.1.3. Opportunities
5.1.3.1. Introduction of machine learning and artificial intelligence for enhanced procurement process
5.1.3.2. Adoption of analytics solutions to improve the procurement process
5.1.4. Challenges
5.1.4.1. Integration issues with the legacy system
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Procurement-as-a-Service Market, by Component
6.1. Introduction
6.2. Category Management
6.3. Contract Management
6.4. Process Management
6.5. Spend Management
6.6. Strategic Sourcing
6.7. Transactions Management
7. Procurement-as-a-Service Market, by Vertical
7.1. Introduction
7.2. Banking, Financial Services, & Insurance
7.3. Energy & Utilities
7.4. Healthcare
7.5. IT & Telecom
7.6. Manufacturing
7.7. Retail & Consumer Packaged Goods
7.8. Travel & Hospitality
8. Americas Procurement-as-a-Service Market
8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States
9. Asia-Pacific Procurement-as-a-Service Market
9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam
10. Europe, Middle East & Africa Procurement-as-a-Service Market
10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom
11. Competitive Landscape
11.1. FPNV Positioning Matrix
11.2. Market Share Analysis, By Key Player
11.3. Competitive Scenario Analysis, By Key Player
12. Competitive Portfolio
12.1. Key Company Profiles
12.1.1. Accenture PLC
12.1.2. Aegis Components Inc.
12.1.3. Bain & Company, Inc.
12.1.4. Capgemini SE
12.1.5. Corbus, LLC
12.1.6. Coupa Software Inc.
12.1.7. Efficio LLP
12.1.8. Genpact
12.1.9. GEP
12.1.10. HCL Technologies Limited
12.1.11. Infor, Inc. by Koch Industries
12.1.12. Infosys Limited
12.1.13. International Business Machines Corporation
12.1.14. Tata Consultancy Services Limited
12.1.15. Wipro Group
12.2. Key Product Portfolio
13. Appendix
13.1. Discussion Guide
13.2. License & Pricing
FIGURE 1. PROCUREMENT-AS-A-SERVICE MARKET RESEARCH PROCESS
FIGURE 2. PROCUREMENT-AS-A-SERVICE MARKET SIZE, 2023 VS 2030
FIGURE 3. PROCUREMENT-AS-A-SERVICE MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. PROCUREMENT-AS-A-SERVICE MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. PROCUREMENT-AS-A-SERVICE MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. PROCUREMENT-AS-A-SERVICE MARKET DYNAMICS
FIGURE 7. PROCUREMENT-AS-A-SERVICE MARKET SIZE, BY COMPONENT, 2023 VS 2030 (%)
FIGURE 8. PROCUREMENT-AS-A-SERVICE MARKET SIZE, BY COMPONENT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. PROCUREMENT-AS-A-SERVICE MARKET SIZE, BY VERTICAL, 2023 VS 2030 (%)
FIGURE 10. PROCUREMENT-AS-A-SERVICE MARKET SIZE, BY VERTICAL, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. AMERICAS PROCUREMENT-AS-A-SERVICE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 12. AMERICAS PROCUREMENT-AS-A-SERVICE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. UNITED STATES PROCUREMENT-AS-A-SERVICE MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 14. UNITED STATES PROCUREMENT-AS-A-SERVICE MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. ASIA-PACIFIC PROCUREMENT-AS-A-SERVICE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 16. ASIA-PACIFIC PROCUREMENT-AS-A-SERVICE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. EUROPE, MIDDLE EAST & AFRICA PROCUREMENT-AS-A-SERVICE MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. EUROPE, MIDDLE EAST & AFRICA PROCUREMENT-AS-A-SERVICE MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. PROCUREMENT-AS-A-SERVICE MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 20. PROCUREMENT-AS-A-SERVICE MARKET SHARE, BY KEY PLAYER, 2023

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