North America is leading the market with more than 40% of the shares. Such factors have a positive impact on regional market growth, ultimately contributing to the expansion of the global procurement-as-a-service market. In this complex economic environment, we published the Global Procurement as a Service (PaaS) Market Status, Trends and COVID-19 Impact Report 2022, which provides a comprehensive analysis of the . Procurement as a Service | Procurement Co. The global procurement as a service market size was valued at USD 5.94 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.4% from 2022 to 2030. Procurement As A Service Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2022 to 2028 Posted on January 20, 2022 by Ayush Chourey The global procurement as a service market size was valued at USD 5.7 billion in 2018 and is to grow at a compound annual growth rate (CAGR) of 7% from 2022 to 2028. Service Procurement Market size was valued at USD 771.58 Million in 2020 and is projected to reach USD 1,864.49 Million by 2028, growing at a CAGR of 11.66% from 2021 to 2028. Procurement as a Service (PaaS) is a cloud-based application that enables organizations to manage and automate their procurement processes. Procurement as a Service (PaaS) U.S Market Is Expected to Grow at a Impact of COVID-19 Pandemic on Procurement as-a-Service Market COVID-19 outbreak, which began in Wuhan (China) in December 2019, has rapidly spread across the globe. Procurement as a service refers to a third-party procurement that ideally blends expertise, employee, and technology with an aim to manage the procurement requirement of a company. Procurement as a service Market Demand and Insights by 2027 Procurement as a service Market: Geographical Analysis. Procurement as a Service Market Share: Global Industry Trends Procurement as-a-Service Market was valued US$ 3,065.0 million in 2020 and is expected to reach US$ 4,741.1 million by 2027 with a CAGR of 8.3% during 2020-2027 segmented into Component, Enterprise Size and End-User Industry. Procurement as a service is constantly growing, but only big companies are capable to put investment in all the features procurement has to provide. Europe Procurement as a Service Market Size Report, 2027 The employees in small enterprises will gain access to targeted . The global procurement as a service market attained a value of USD 5.28 billion in 2020, driven by the rising adoption of advanced technologies. The new report from Quince Market Insights, titled "Global Service Procurement Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2032," offers a detailed analysis of the . Procurement As A Service Market - IndustryARC Although the COIVD-19 pandemic posed a minor hiccup to the otherwise positive . It is the key contributor for Global Procurement as a Service Market. We provide top-notch matching service for organizations . What is the application segment? The Procurement as a Service Market report focuses on the requirements of the clients from several global Market regions such as North America, Latin America, Asia-Pacific, Europe, and India.. Procurement As A Service Market - Prudent Markets Procurement As A Service Market - Global Insight Services The Global Procurement as a Service Market size is expected to reach $10.3 billion by 2027, rising at a market growth of 7.9% CAGR during the forecast period. How to Develop Procurement as a Service | PLANERGY Software Global procurement outsourcing services market is expected to show a value of USD 7.86 billion by 2029. Procurement as a service encapsulates the gamut of procurement services delivered via 'as a service' model. In the context of China-US trade war and COVID-19 epidemic, it will have a big influence on this market. Procurement As A Service Market Research Report by Component, by Technology supports the service providers to see what their customers are spending money on, and where they are likely to find potential savings. Business consulting services, business development plan, market intelligence, competitor monitoring, landscape analysis, market opportunity assessment, customer satisfaction . Procurement As A Service Market Revenue, Industry Growing Demand, Size The global Procurement as a Service market size is expected to reach close to US$ 13.3 Bn by 2029 with an annualized growth rate of 7% through the projected period. Procurement-As-A-Service Market Analysis, Size, Share, Growth, Trends What is the future market value for the market? Procurement As A Service Market Size, Trends and Forecast To 2028 Procurement as-a-service is an outsourced procurement business model that combines staff, technology, and expertise to manage a portion, or complete, of user's organization's procurement. Procurement as a service is an outsourced procurement model that combines technology, staff, and expertise to handle various procurement functions of the organization. Global Procurement as a Service market size was ** billion USD in 2021, and will expand at a CAGR of **% from 2022 to 2026, according to the report. In the context of China-US trade war and COVID-19 epidemic, it will have a big influence on this market. Procurement Freelancers | 10,112 followers on LinkedIn. Procurement as a Service (PaaS) Market Report - Dataintelo We have studied the Procurement as a Service (PaaS) Market in 360 degrees via. Procurement as a Service Market Trends, Size & Share - 2032 Procurement as a service Market [UP127A-00-1130] - GMI Research The procurement as a service market was valued at USD 5.5 billion in 2019 and is expected to grow with a CAGR of 7.4% during the forecast period. North America is foreseen to emerge as the biggest market in size, in the global procurement as a service market, since the region is a key hub for advanced technological developments, and adopts the technologies pretty faster. Procurement Outsourcing Services Market Size, Research Report The global procurement as a service market size was estimated to generate a significant revenue of around USD 6 billion in 2021 and expected to register a significant CAGR of over 10% during the forecast period 2022 to 2028.The increasing consumer demand and the growing number of small and medium-sized enterprises are some of the major factors to drive the market growth. Procurement as a service is an outsourced procurement model that combines technology, staff, and expertise to handle a portion, if not all, of your organization's procurement function. the procurement-as-a-service market expected to grow from us$ 3.06 billion in 2020 to us$ 4.74 billion by 2027; it is estimated to grow at a cagr of 6.4% from 2020 to 2027.new york, july 27, 2022. The key elements of the 'Procurement as a Service' (PRAAS) model would be: Service Layer: 'The heart'; comprising of business processes designed with best-in-class standards, operating models, people element and Service Portfolio/ modules, backed by automation and domain expertise. Procurement as a Service Market| 2021-2026| Infosys, - openPR.com Global Procurement as a Service (PaaS) market size is estimated to be worth USD 6494.3 million in 2021 and is forecast to a readjusted size of USD 10000 million by 2028 with a CAGR of 6.4 Percent during the review period. This is primarily estimated by the widespread use of digital technologies. The global procurement as a service market expanded at a CAGR of 7.7% over the last seven years. As the world slowly recovers from the COVID-19 pandemic, there is a greater demand for digital, agile . DOWNLOAD PDF. Procurement as-a-Service Market Forecast to 2027 - COVID-19 Impact and The global Services Procurement Solutions Market is expected to reach US$ Million by 2027, with a CAGR of $$% from 2020 to 2027, based on Report Ocean newly published report. Procurement As A Service Market Size Report, 2030 - Grand View Research Europe, on the other hand, dominated the procurement-as-a-service market in 2020, with the highest revenue share. It is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 7.8%. The future of . Global Procurement as a Service Market to reach USD 10.04 billion by 2027.Global Procurement as a service Market is valued approximately USD 5.78 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 8.2 % over the forecast period 2021-2027. Global Procurement as a Service Market to reach USD 10.04 billion by 2027.Global Procurement as a service Market is valued approximately USD 5.78 billion in 2020 and is anticipated to grow with a . The market is set to expand by 7.3% per year from 2019 to 2025, according to the report by Grand View Research, which will be mainly due to the rapid proliferation of digital technologies.These are redesigning business supply chains and are set to transform the way the procurement function . Download PDF. What is the growth rate of the procurement outsourcing services market? The Europe Procurement as a Service Market would witness market growth of 6.5% CAGR during the forecast period (2021-2027). +1-800-792-5285 (TOLL-FREE) The global procurement-as-a-service market is expected to be worth $9.3bn by 2025, according to a report. The increased emphasis on workforce analytics, as well as the emergence of new possibilities as a result of technical advancements, has driven market expansion. Acumen Research and Consulting has recently published a research report on the Procurement-As-A-Service Market for the forecast period of 2022-2030, wherein, Skip to content. Procurement Purchasing. Services Procurement Solutions Market Industry is Thriving Continuously Procurement as-a-Service Market to Grow at a CAGR of 6.4% to reach US Global Procurement as a Service Market 2021-2028 - Business Wire [117 Pages Report] The global Procurement as a Service Market size is estimated to grow from USD 5.4 billion in 2019 to USD 7.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period. both primary & secondary research methodologies. Global Procurement As A Service Market Report 2022: Market - Yahoo! SAN FRANCISCO, Nov. 25, 2019 /PRNewswire/ -- The global procurement as a service market size is expected to reach USD 9.3 billion by 2025, expanding at a CAGR of 7.3% from 2019 to 2025, according . Procurement as a Service (PaaS) - Infosys BPM The global procurement as a service market size is expected to reach USD 9.3 billion by 2025, expanding at a CAGR of 7.3% from 2019 to 2025, according to a new report by Grand View Research, Inc. Procurement As A Service Market Worth $13.58 Billion By 2030 Procurement Freelancers | LinkedIn October 10, 2022 Latest: Surgical Instrument Tracking Systems Market Industry Analysis To Witness Huge Growth Between 2022-2030 Procurement as a Service Market Size Worth $9.3 Billion by 2025: Grand Procurement as a Service Market - Market Data Forecast Technology helps them see what you're spending money on, and where you will likely be able to find savings. Procurement as a service is a third party procurement model that amalgamates staff, expertise, and technology to manage the procurement function of an organization. Procurement As A Service Market Global Trends, Market Share, Industry BPaaS Market by Business Process (HRM, Accounting and Finance, Sales and Marketing, Customer Service and Support, Procurement and Supply Chain, Operations, and Legal and R&D), Organization Size . Procurement as a Service Market from Consainsights analyses the Procurement as a Service Market in the Technology & Media industry over the forecast period to 2026. Procurement as a Service research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges . Global and Chinese Procurement as a Service Market 2022 is a professional and in-depth study on the current state of the global market with a focus on the Global and Chinese market. Service Procurement Report by Material, Application, and Geography ? In 2021, the global market size of procurement as a service was valued at US$ 6.3 Bn and estimated to reach a valuation of US$ 6.7 Bn in 2022. Procurement as a Service Market - MarketsandMarkets Strategic procurement requires effective contract management, which covers the creation and execution of agreements to their analysis and review and everything in between. Supplier management. Sales Analysis of Procurement as a Service from 2015 to 2021 Vs Market Outlook for 2022 to 2032. Increasing demand from enterprises to streamline the procurement processes provide growth opportunities for Procurement as-a-Service market. When done right, procurement can position the organization smartly in the market, achieve best possible conditions, and maximize opportunities. It has badly affected China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US in terms of confirmed cases and reported deaths as of March 2020. The demand for Internet-of-Things (IoT) technology and services are growing globally, especially around applications within the healthcare, energy, transport, public . Procurement As A Service Market Report Highlights - Research and Markets Growing Need to Streamline the Procurement Process among Organizations. The global procurement as a service market is expected to reach USD 10.29 billion by 2028, and is anticipated to expand at a CAGR of 8.2% from 2021 to 2028. The proliferation of digital technology and the need to address supply chain risks have contributed to market growth. The global procurement as a service market size is expected to reach USD 13.58 billion by 2030, registering a CAGR of 10.4% over the forecast period, according to a new report by Grand View Research, Inc. Desktop as a service Industry - Procurement Report|Spend & Sourcing Procurement As A Service Market Size is Estimated To Be Valued at US$ 6.88 Bn With a CAGR Of 14.29% By 2028 Contract management is key to keeping costs low while ensuring a high level of performance from suppliers. Procurement as a Service allows organizations to develop business relationships and service levels, focus on critical competencies and categories, and provide. According to a comprehensive research report by Market Research Future (MRFR), " Global Procurement as a Service Market information by Organization Size, by Components, by Vertical and Region . Global Procurement As A Service Market Analysis Report 2022-2030 Who are the major players operating in the market? Global Forecast to 2025 is a professional and comprehensive research . Procurement as a Service Market Report - Reports Express The prices are outlined to rise by 14%-17% during the forecast period and suppliers will have moderate bargaining power in this market. The rapid proliferation of digital technologies is redesigning business supply chains, and is poised to transform the way procurement function delivers The study contains a . It is a grossing market with high revenue. The ventures in the North America are concentrating on . Procurement As A Service Market - Adroit Market Research This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. SAN FRANCISCO, Nov. 25, 2019 /PRNewswire/ -- The global procurement as a service market size is expected to reach USD 9.3 billion by 2025, expanding at a CAGR of 7.3% from 2019 to 2025, according . The global Procurement as a service market has been segmented on the basis of Component, Organization Size, Industry Vertical, and key regions. Global Procurement As A Service Market Global Procurement As A Service Market Dublin, May 30, 2022 (GLOBE NEWSWIRE) -- The "Procurement As A Service Market Size, Share & Trends Analysis Report by Vertical (BFSI, Retail), by Component (Strategic Sourcing, Transaction Management), by Organization (Large, SMEs), and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's . The proliferation of digital technology and the need to address supply chain risks have contributed to market growth. Procurement-as-a-service market to be worth $9.3bn Procurement As-a-Service: Changing Outsourcing Models| Infosys BPM Procurement as a Service Market Size, Share, Growth, Trends 2022-2027 The desktop as a service procurement category is projected to grow at a CAGR of 16.52% during 2022-2026. Service Procurement Market research methodologies witness growing Procurement as a Service Market Size Worth $9.3 Billion by 2025: Grand The global procurement as a service market will expand from $ 5.4 billion in 2019 to $ 7.8 billion in 2025, at a compound annual growth rate (CAGR) of 7.6% over the foreseen period. US: +1-833-761-1700 . Procurement as-a-Service Market is expected to reach US$ 4,741.1 Procurement as a service is an outsourced procurement business model that combines staff, technology, and expertise to manage a portion, or complete, of user's organization's procurement functions. Procurement as a Service Market Size & Forecast 2021-2027 - KBV Research Procurement as a service is an outsourced procurement . Procurement Service Market Worth USD 9 Billion by 2025 | MRFR - News Procurement as a service in the manufacturing industry takes care of processes, such as spend analysis, sourcing and category management, supplier management, Procure-to-Pay (P2P) and Source-to-Pay (S2P) process management (while ensuring execution compliance), and planning and managing the supply chain costs. 5. Procurement as a service market is growing globally Procurement-As-A-Service - The Force Procurement as a Service Market Regional Analysis: The procurement as a service market is fragmented into Asia Pacific, Europe and North America. The global procurement as a service market size is expected to reach USD 13.58 billion by 2030, registering a CAGR of 10.4% over the forecast period. Procurement as a Service Market - Straits Research Procurement Co helps businesses when it comes to the complexity of . Microsoft Corp., Cisco Systems Inc., and Citrix Systems Inc. are a few of the key suppliers in the . Procurement as a Service Market worth $7.8 billion by 2024 Procurement As A Service Market Analysis and Forecast to 2031: By Component (Strategic Sourcing, Spend Management, Contract Management, Others), Organization Size (Large Enterprises . Service Procurement Market Size, Share, Trends, Opportunities & Forecast MARKET SYNOPSIS The Global Procurement Service Market is valued at USD 4.93 billion in 2018 and is rising at a CAGR of 8.9% with a forecast of USD 9 Billion by 2025. Positive impact of BPO evolution on procurement outsourcing provide growth opportunities for Procurement as-a-Service market.. Procurement as-a-service is an outsourced procurement business model that combines staff, technology, and expertise to manage a . The Global Procurement As A Service Market size was estimated at USD 5,827.43 Million in 2020 and expected to reach USD 6,300.92 Million in 2021, at a Compound Annual Growth Rate (CAGR) 8.46%. Procurement as a Service Market to Touch USD 9 Billion at Procurement as a Service (PaaS) Market to See Huge Growth by 2028 Quadintel | Global Industry Analysis Report | Business Consulting and 4.Global Procurement as a Service Market, By Component Market 2019-2024 (Volume/Units) 4.1 Strategic Sourcing Market 2019-2024 (Volume/Units) - Global Industry Research 4.1.1 Increasing Need to Manage the Network of Suppliers Among Enterprises to Draw the Demand for Strategic Sourcing Market 2019-2024 (Volume/Units) Procurement 101: Meaning, Types, Solutions & Best Practices Technology layer: 'The spine or the base' and includes the . Service procurement is the procurement of services. Procurement as a Service Market Size, Share, Trends & Forecast to 2028 According to Quince Market Insights (QMI), the global Procurement as a Service market is projected to grow at USD bn at a CAGR of between 2023 and 2032 (forecast period). Tap into an amazing Talent network to find and hire procurement consultants, sourcing agents, quality engineers and more | ProcurementFreelancers.com is a curated marketplace supporting businesses to find, hire, work with, procurement consultants and freelancers for any project. The growing need among enterprises to reduce the costs associated with procurement operations and streamline . Procurement as a Service Market Worth $7.8 Billion by 2024 - Exclusive Procurement as-a-Service Market Size worth $4.74Bn, The Procurement as a Service (PaaS) Market 2020 report (Germany, United States, Mexico etc) studies global market trends with the historical as well as forecast data. Procurement teams are typically faced with two ongoing challenges: time dedicated to non-value-add activities and responding to unplanned business needs. Engaging procurement as a managed service rather than an internal function delivers the expertise, systems, and processes required to implement large scale procurement strategies, as well as delivering on time and more cost effectively than a team of full-time employees. Procurement As A Service Market size to grow from USD 5.4 billion in 2019 to USD 7.8 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 7% during the forecast period. Procurement as a Service Market, Size Outlook Supply Applications Traditionally, the acquisition has been considered behind the scenes, but its professionals have gradually been recognized in recent years. Procurement as-a-Service Market Size worth $4.74Bn, Globally, by 2027 Over the past few years, increasing penetration of advanced technologies across different industry verticals is the leading . 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