Procurement-as-a-Service (PaaS) Market By Component (Strategic Sourcing, Spend Management, Process Management, Category Management, Contract Management, Transaction Management), By Organization Size (Large Enterprise, Small and Medium Enterprises), By Industry Vertical (BFSI, Manufacturing, Retail, IT and Telecom, Healthcare, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
Procurement as a service (PaaS) offers advanced tools for inventory and procurement management to business enterprises. Furthermore, procurement as a service (PaaS) can provide a systematic strategy for optimizing the output of a company’s supply chain network in order to achieve peak performance.
The growth in market competition and the demand for work from home & remote working policies during the period of the COVID-19 pandemic aided in propelling the growth of the global remote and automated solutions such as procurement solutions and services during the period, hence empowering the demand for procurement as a service industry. Moreover, the sudden economic imbalance and supply chain challenges during the period positively impacted the need for procurement as a service industry. However, data privacy and sharing risks associated with third-party procurement as service vendors can hamper the procurement as a service market forecast. On the contrary, the integration of advanced tools such as machine learning and data analytics with procurement management suite is expected to offer remunerative opportunities for expansion of the procurement as a service market during the forecast period.
The procurement as a service (PaaS) market is segmented on the basis of component, organization size, industry vertical, and region. On the basis of component, the industry is divided into strategic sourcing, spend management, process management, category management, contract management, and transaction management. Based on organization size, the market is bifurcated into large enterprises and small and medium enterprises. The industry vertical covered in the study include BFSI, manufacturing, retail, IT and telecom, healthcare, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the procurement as a service (PaaS) market analysis are Accenture, Plc, Aegis One Consults Ltd, CA Technologies, Capgemini, Corbus India LLP, F-code, Genpact, HCL Technologies Limited, IBM Corporation, Infosys Limited, Proxima Group, TATA Consultancy Services, Wipro, WNS Global, X Changing Solutions, GEP, Simfoni Limited. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the procurement-as-a-service (paas) market analysis from 2021 to 2031 to identify the prevailing procurement-as-a-service (paas) market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the procurement-as-a-service (paas) market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global procurement-as-a-service (paas) market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
Category Management
Contract Management
Transaction Management
Strategic Sourcing
Spend Management
Process Management
Process Management Component
Platform
Services
By Organization Size
Large Enterprise
Small and Medium Enterprises
By Industry Vertical
BFSI
Manufacturing
Manufacturing Type
Food and Beverages
Industrial Machinery and Heavy Equipment
High Tech and Consumer Electronics
Automotive
Others
Retail
IT and Telecom
Healthcare
Others
By Region
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest Of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest Of Asia-Pacific
LAMEA
Brazil
Mexico
UAE
Saudi Arabia
South Africa
Rest Of LAMEA
Key Market Players
Accenture, Plc
Aegis One Consults Ltd
CA Technologies
Capgemini
Corbus India LLP
F-code
Genpact
HCL Technologies Limited
IBM Corporation
Infosys Limited
Proxima Group
TATA Consultancy Services
Wipro
WNS Global
X Changing Solutions
GEP
Simfoni Limited
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