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Global Procurement As A Service Market Size

Procurement As A Service Market size was valued at USD 5.52 billion in 2021 and is poised to grow from USD 6.15 billion in 2022 to USD 14.62 billion by 2030, growing at a CAGR of 11.1% in the forecast period (2023-2030).

Swetachakraborty
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Global Procurement As A Service Market Size

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  1. Global Procurement As A Service Market Size, Share, Growth Analysis, By Component By Vertical- Industry Forecast 2023-2030 Procurement As A Service Market size was valued at USD 5.52 billion in 2021 and is poised to grow from USD 6.15 billion in 2022 to USD 14.62 billion by 2030, growing at a CAGR of 11.1% in the forecast period (2023-2030). The emergence of high-scale digitalization and advancement in the process of automating critical business, such as sourcing and procurement is gaining traction, and this is projected to have in the favour of the global procurement as a service market growth. Technology integrations into procurement functions is enabling strategic sourcing and supplier management to become more proactive and efficient; it is anticipated to enable cost reduction of cost and improve the profitability of business. The significance of global procurement service providers has shifted from negotiation contracts to the exclusive business partnerships and strategic

  2. agreements to ensure and consolidate short-and-long- term business continuity. For instance, in 2020, Proactis announced a partnership with global change-ready technology and implementation specialist Agilyx Group to provide a wide range of management solutions and services to Agilyx customers. Cloud offers flexibility with ease is subsequently helping service provides of procurement through lower storage data costs. This further helps service providers in improving business operations and creating custom solutions available to the end users of the global procurement as a service market. In addition, AI is also having its way into the procurement service business with a unique selling point (USP) of providing data analytics while enhancing operations.

  3. Global Procurement As A Service Market Segmental Analysis Global Procurement As A Service Market is segmented on the basis of component and vertical. By component, the market is segmented into category management, strategic sourcing, contract management, spend management, and others. By vertical, the market is categorized into BFSI, manufacturing, retail, healthcare, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA. View-Post https://www.skyquestt.com/report/procurement-as-a- service-market

  4. Top Players in the Global Procurement As A Service Market •Accenture •GEP •IBM •Infosys •Proxima •WNS •Capgemini •Genpact •TCS •HCL Technologies •Corbus •Xchanging •Aquanima •Denali •Wipro •KPMG

  5. •DSSI •HP •Nitor Partners •CGI About Us: SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally. Address: 1 Apache Way, Westford, Massachusetts 01886 Phone: USA (+1) 617-230-0741 Email: sales@skyquestt.com LinkedIn Facebook Twitter

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