Procurement as a Services Market

Procurement as a Services Market - Global Industry Size & Growth Analysis 2019-2030

Global Procurement as a Services is segmented by Application (Supply Chain Optimization, Strategic Sourcing, Spend Visibility, Supplier Risk Management, Procurement Automation), Type (Spend Management, Supplier Management, Contract Management, Sourcing Services, Procurement Analytics) and Geography(North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

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INDUSTRY OVERVIEW

The Procurement as a Services market is experiencing robust growth, projected to achieve a compound annual growth rate CAGR of 12.00% during the forecast period. Valued at 5Billion, the market is expected to reach 15Billion by 2030, with a year-on-year growth rate of 10.00%. This upward trajectory is driven by factors such as evolving consumer preferences, technological advancements, and increased investment in innovation, positioning the market for significant expansion in the coming years. Companies should strategically focus on enhancing their offerings and exploring new market opportunities to capitalize on this growth potential.

Procurement as a Services Market Size in (USD Billion) CAGR Growth Rate 12.00%

Study Period 2019-2030
Market Size (2023): 5Billion
Market Size (2030): 15Billion
CAGR (2023 - 2030): 12.00%
Fastest Growing Region Asia-Pacific
Dominating Region North America
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Procurement as a Service (PaaS) is an outsourced service that enables businesses to manage their procurement functions more effectively by using external providers. PaaS solutions help organizations optimize their procurement processes, reduce costs, and enhance supplier relationships. The market is driven by the increasing need for businesses to streamline operations and focus on core activities while leveraging external expertise for procurement management.



Regulatory Framework

The Information and Communications Technology (ICT) industry is primarily regulated by the Federal Communications Commission (FCC) in the United States, along with other national and international regulatory bodies. The FCC oversees the allocation of spectrum, ensures compliance with telecommunications laws, and fosters fair competition within the sector. It also establishes guidelines for data privacy, cybersecurity, and service accessibility, which are crucial for maintaining industry standards and protecting consumer interests.
Globally, various regulatory agencies, such as the European Telecommunications Standards Institute (ETSI) and the International Telecommunication Union (ITU), play significant roles in standardizing practices and facilitating international cooperation. These bodies work together to create a cohesive regulatory framework that addresses emerging technologies, cross-border data flow, and infrastructure development. Their regulations aim to ensure the ICT industry's growth is both innovative and compliant with global standards, promoting a secure and competitive market environment.
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Key Highlights

•    The Procurement as a Services is growing at a CAGR of 12.00% during the forecasted period of 2019 to 2030
•    Year on Year growth for the market is 10.00%
•    Based on type, the market is bifurcated into Spend Management, Supplier Management, Contract Management, Sourcing Services
•    Based on application, the market is segmented into Supply Chain Optimization, Strategic Sourcing, Spend Visibility, Supplier Risk Management, Procurement Automation
•    Global Import Export in terms of K Tons, K Units, and Metric Tons will be provided if Applicable based on industry best practice

Market Segmentation Analysis

Segmentation by Type


  • Spend Management
  • Supplier Management
  • Contract Management
  • Sourcing Services

Procurement as a Services Market Segmentation by Type

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Segmentation by Application
 
  • Supply Chain Optimization
  • Strategic Sourcing
  • Spend Visibility
  • Supplier Risk Management
  • Procurement Automation

Procurement as a Services Market Segmentation by Application

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Key Players

Several key players in the Procurement as a Services market are strategically focusing on expanding their operations in developing regions to capture a larger market share, particularly as the year-on-year growth rate for the market stands at 10.00%. The companies featured in this profile were selected based on insights from primary experts, evaluating their market penetration, product offerings, and geographical reach. By targeting emerging markets, these companies aim to leverage new opportunities, enhance their competitive advantage, and drive revenue growth. This approach not only aligns with their overall business objectives but also positions them to respond effectively to the evolving demands of consumers in these regions.
  • SAP
  • Oracle
  • Coupa
  • Jaggaer
  • GEP
  • Ivalua
  • Ariba
  • Proactis
  • Zycus

Procurement as a Services Market Segmentation by Players

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Research Methodology

At HTF Market Intelligence, we pride ourselves on delivering comprehensive market research that combines both secondary and primary methodologies. Our secondary research involves rigorous analysis of existing data sources, such as industry reports, market databases, and competitive landscapes, to provide a robust foundation of market knowledge. This is complemented by our primary research services, where we gather firsthand data through surveys, interviews, and focus groups tailored specifically to your business needs. By integrating these approaches, we offer a thorough understanding of market trends, consumer behavior, and competitive dynamics, enabling you to make well-informed strategic decisions. We would welcome the opportunity to discuss how our research expertise can support your business objectives.

Market Dynamics


Market dynamics refer to the forces that influence the supply and demand of products and services within a market. These forces include factors such as consumer preferences, technological advancements, regulatory changes, economic conditions, and competitive actions. Understanding market dynamics is crucial for businesses as it helps them anticipate changes, identify opportunities, and mitigate risks.
By analyzing market dynamics, companies can better understand market trends, predict potential shifts, and develop strategic responses. This analysis enables businesses to align their product offerings, pricing strategies, and marketing efforts with evolving market conditions, ultimately leading to more informed decision-making and a stronger competitive position in the marketplace.

Market Driver

  • Growth In Automation


Market Trend

  • Integration with AI and blockchain

Opportunity

  • Growth In Automation


Challenge

  • Vendor Dependency



Regional Outlook

The North America Region holds the largest market share in 2023 and is expected to grow at a good CAGR. The Asia-Pacific Region is the fastest-growing region due to increasing development and disposable income.


North America remains a leader, driven by innovation hubs like Silicon Valley and a strong demand for advanced technologies such as AI and cloud computing. Europe is characterized by robust regulatory frameworks and significant investments in digital transformation across sectors. Asia-Pacific is experiencing rapid growth, led by major markets like China and India, where increasing digital adoption and governmental initiatives are propelling ICT advancements.


The Middle East and Africa are witnessing steady expansion, driven by infrastructure development and growing internet penetration. Latin America and South America present emerging opportunities, with rising investments in digital infrastructure, though challenges like economic instability can impact growth. These regional differences highlight the need for tailored strategies in the global ICT market.
 

Regions
  • North America
  • LATAM
  • West Europe
  • Central & Eastern Europe
  • Northern Europe
  • Southern Europe
  • East Asia
  • Southeast Asia
  • South Asia
  • Central Asia
  • Oceania
  • MEA
Fastest Growing Region
Asia-Pacific
 Procurement as a Services Market to see Asia-Pacific as Biggest Region
Dominating Region
North America
 Procurement as a Services Market to see North America as Biggest Region

 

Report Features

Details

Base Year

2023

Based Year Market Size (2023)

5Billion

Historical Period Market Size (2019)

4Billion

CAGR (2023 to 2030)

12.00%

Forecast Period

2025 to 2030

Forecasted Period Market Size (2030)

15Billion 

Scope of the Report

Spend Management, Supplier Management, Contract Management, Sourcing Services, Supply Chain Optimization, Strategic Sourcing, Spend Visibility, Supplier Risk Management, Procurement Automation

Regions Covered

North America, Europe, Asia Pacific, South America, and MEA

Year on Year Growth

10.00%

Companies Covered

SAP, Oracle, Coupa, Jaggaer, GEP, Ivalua, Ariba, Proactis, Zycus

Customization Scope

15% Free Customization (For EG)

Delivery Format

PDF and Excel through Email

 

 

Procurement as a Services - Table of Contents

Chapter 1: Market Preface
  • 1.1 Global Procurement as a Services Market Landscape
  • 1.2 Scope of the Study
  • 1.3 Relevant Findings & Stakeholder Advantages

Chapter 2: Strategic Overview
  • 2.1 Global Procurement as a Services Market Outlook
  • 2.2 Total Addressable Market versus Serviceable Market
  • 2.3 Market Rivalry Projection

Chapter 3 : Global Procurement as a Services Market Business Environment & Changing Dynamics
  • 3.1 Growth Drivers
    • 3.1.1 Growth in automation
  • 3.2 Available Opportunities
    • 3.2.1 Growth in automation
    • 3.2.2 Use of predictive analytics
  • 3.3 Influencing Trends
    • 3.3.1 Integration with AI and blockchain
    • 3.3.2 Increased focus on sustainability
  • 3.4 Challenges
    • 3.4.1 Vendor dependency
    • 3.4.2 Data security concerns
  • 3.5 Regional Dynamics

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Chapter 4 : Global Procurement as a Services Industry Factors Assessment
  • 4.1 Current Scenario
  • 4.2 PEST Analysis
  • 4.3 Business Environment - PORTER 5-Forces Analysis
    • 4.3.1 Supplier Leverage
    • 4.3.2 Bargaining Power of Buyers
    • 4.3.3 Threat of Substitutes
    • 4.3.4 Threat from New Entrant
    • 4.3.5 Market Competition Level
  • 4.4 Roadmap of Procurement as a Services Market
  • 4.5 Impact of Macro-Economic Factors
  • 4.6 Market Entry Strategies
  • 4.7 Political and Regulatory Landscape
  • 4.8 Supply Chain Analysis
  • 4.9 Impact of Tariff War


Chapter 5: Procurement as a Services : Competition Benchmarking & Performance Evaluation
  • 5.1 Global Procurement as a Services Market Concentration Ratio
    • 5.1.1 CR4, CR8 and HH Index
    • 5.1.2 % Market Share - Top 3
    • 5.1.3 Market Holding by Top 5
  • 5.2 Market Position of Manufacturers by Procurement as a Services Revenue 2023
  • 5.3 BCG Matrix
  • 5.3 Market Entropy
  • 5.4 Heat Map Analysis
  • 5.5 Strategic Group Analysis
Chapter 6: Global Procurement as a Services Market: Company Profiles
  • 6.1 SAP
    • 6.1.1 SAP Company Overview
    • 6.1.2 SAP Product/Service Portfolio & Specifications
    • 6.1.3 SAP Key Financial Metrics
    • 6.1.4 SAP SWOT Analysis
    • 6.1.5 SAP Development Activities
  • 6.2 Oracle
  • 6.3 Coupa
  • 6.4 Jaggaer
  • 6.5 GEP
  • 6.6 Ivalua
  • 6.7 Ariba
  • 6.8 Proactis
  • 6.9 Zycus
  • 6.10 And SynerTrade

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Chapter 7 : Global Procurement as a Services by Type & Application (2019-2030)
  • 7.1 Global Procurement as a Services Market Revenue Analysis (USD Million) by Type (2019-2023)
    • 7.1.1 Spend Management
    • 7.1.2 Supplier Management
    • 7.1.3 Contract Management
    • 7.1.4 Sourcing Services
    • 7.1.5 Procurement Analytics
  • 7.2 Global Procurement as a Services Market Revenue Analysis (USD Million) by Application (2019-2023)
    • 7.2.1 Supply Chain Optimization
    • 7.2.2 Strategic Sourcing
    • 7.2.3 Spend Visibility
    • 7.2.4 Supplier Risk Management
    • 7.2.5 Procurement Automation
  • 7.3 Global Procurement as a Services Market Revenue Analysis (USD Million) by Type (2023-2030)
  • 7.4 Global Procurement as a Services Market Revenue Analysis (USD Million) by Application (2023-2030)

Chapter 8 : North America Procurement as a Services Market Breakdown by Country, Type & Application
  • 8.1 North America Procurement as a Services Market by Country (USD Million) [2019-2023]
    • 8.1.1 United States
    • 8.1.2 Canada
  • 8.2 North America Procurement as a Services Market by Type (USD Million) [2019-2023]
    • 8.2.1 Spend Management
    • 8.2.2 Supplier Management
    • 8.2.3 Contract Management
    • 8.2.4 Sourcing Services
    • 8.2.5 Procurement Analytics
  • 8.3 North America Procurement as a Services Market by Application (USD Million) [2019-2023]
    • 8.3.1 Supply Chain Optimization
    • 8.3.2 Strategic Sourcing
    • 8.3.3 Spend Visibility
    • 8.3.4 Supplier Risk Management
    • 8.3.5 Procurement Automation
  • 8.4 North America Procurement as a Services Market by Country (USD Million) [2024-2030]
  • 8.5 North America Procurement as a Services Market by Type (USD Million) [2024-2030]
  • 8.6 North America Procurement as a Services Market by Application (USD Million) [2024-2030]
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Chapter 9 : LATAM Procurement as a Services Market Breakdown by Country, Type & Application
  • 9.1 LATAM Procurement as a Services Market by Country (USD Million) [2019-2023]
    • 9.1.1 Brazil
    • 9.1.2 Argentina
    • 9.1.3 Chile
    • 9.1.4 Mexico
    • 9.1.5 Rest of LATAM
  • 9.2 LATAM Procurement as a Services Market by Type (USD Million) [2019-2023]
    • 9.2.1 Spend Management
    • 9.2.2 Supplier Management
    • 9.2.3 Contract Management
    • 9.2.4 Sourcing Services
    • 9.2.5 Procurement Analytics
  • 9.3 LATAM Procurement as a Services Market by Application (USD Million) [2019-2023]
    • 9.3.1 Supply Chain Optimization
    • 9.3.2 Strategic Sourcing
    • 9.3.3 Spend Visibility
    • 9.3.4 Supplier Risk Management
    • 9.3.5 Procurement Automation
  • 9.4 LATAM Procurement as a Services Market by Country (USD Million) [2024-2030]
  • 9.5 LATAM Procurement as a Services Market by Type (USD Million) [2024-2030]
  • 9.6 LATAM Procurement as a Services Market by Application (USD Million) [2024-2030]
Chapter 10 : West Europe Procurement as a Services Market Breakdown by Country, Type & Application
  • 10.1 West Europe Procurement as a Services Market by Country (USD Million) [2019-2023]
    • 10.1.1 Germany
    • 10.1.2 France
    • 10.1.3 Benelux
    • 10.1.4 Switzerland
    • 10.1.5 Rest of West Europe
  • 10.2 West Europe Procurement as a Services Market by Type (USD Million) [2019-2023]
    • 10.2.1 Spend Management
    • 10.2.2 Supplier Management
    • 10.2.3 Contract Management
    • 10.2.4 Sourcing Services
    • 10.2.5 Procurement Analytics
  • 10.3 West Europe Procurement as a Services Market by Application (USD Million) [2019-2023]
    • 10.3.1 Supply Chain Optimization
    • 10.3.2 Strategic Sourcing
    • 10.3.3 Spend Visibility
    • 10.3.4 Supplier Risk Management
    • 10.3.5 Procurement Automation
  • 10.4 West Europe Procurement as a Services Market by Country (USD Million) [2024-2030]
  • 10.5 West Europe Procurement as a Services Market by Type (USD Million) [2024-2030]
  • 10.6 West Europe Procurement as a Services Market by Application (USD Million) [2024-2030]
Chapter 11 : Central & Eastern Europe Procurement as a Services Market Breakdown by Country, Type & Application
  • 11.1 Central & Eastern Europe Procurement as a Services Market by Country (USD Million) [2019-2023]
    • 11.1.1 Bulgaria
    • 11.1.2 Poland
    • 11.1.3 Hungary
    • 11.1.4 Romania
    • 11.1.5 Rest of CEE
  • 11.2 Central & Eastern Europe Procurement as a Services Market by Type (USD Million) [2019-2023]
    • 11.2.1 Spend Management
    • 11.2.2 Supplier Management
    • 11.2.3 Contract Management
    • 11.2.4 Sourcing Services
    • 11.2.5 Procurement Analytics
  • 11.3 Central & Eastern Europe Procurement as a Services Market by Application (USD Million) [2019-2023]
    • 11.3.1 Supply Chain Optimization
    • 11.3.2 Strategic Sourcing
    • 11.3.3 Spend Visibility
    • 11.3.4 Supplier Risk Management
    • 11.3.5 Procurement Automation
  • 11.4 Central & Eastern Europe Procurement as a Services Market by Country (USD Million) [2024-2030]
  • 11.5 Central & Eastern Europe Procurement as a Services Market by Type (USD Million) [2024-2030]
  • 11.6 Central & Eastern Europe Procurement as a Services Market by Application (USD Million) [2024-2030]
Chapter 12 : Northern Europe Procurement as a Services Market Breakdown by Country, Type & Application
  • 12.1 Northern Europe Procurement as a Services Market by Country (USD Million) [2019-2023]
    • 12.1.1 The United Kingdom
    • 12.1.2 Sweden
    • 12.1.3 Norway
    • 12.1.4 Baltics
    • 12.1.5 Ireland
    • 12.1.6 Rest of Northern Europe
  • 12.2 Northern Europe Procurement as a Services Market by Type (USD Million) [2019-2023]
    • 12.2.1 Spend Management
    • 12.2.2 Supplier Management
    • 12.2.3 Contract Management
    • 12.2.4 Sourcing Services
    • 12.2.5 Procurement Analytics
  • 12.3 Northern Europe Procurement as a Services Market by Application (USD Million) [2019-2023]
    • 12.3.1 Supply Chain Optimization
    • 12.3.2 Strategic Sourcing
    • 12.3.3 Spend Visibility
    • 12.3.4 Supplier Risk Management
    • 12.3.5 Procurement Automation
  • 12.4 Northern Europe Procurement as a Services Market by Country (USD Million) [2024-2030]
  • 12.5 Northern Europe Procurement as a Services Market by Type (USD Million) [2024-2030]
  • 12.6 Northern Europe Procurement as a Services Market by Application (USD Million) [2024-2030]
Chapter 13 : Southern Europe Procurement as a Services Market Breakdown by Country, Type & Application
  • 13.1 Southern Europe Procurement as a Services Market by Country (USD Million) [2019-2023]
    • 13.1.1 Spain
    • 13.1.2 Italy
    • 13.1.3 Portugal
    • 13.1.4 Greece
    • 13.1.5 Rest of Southern Europe
  • 13.2 Southern Europe Procurement as a Services Market by Type (USD Million) [2019-2023]
    • 13.2.1 Spend Management
    • 13.2.2 Supplier Management
    • 13.2.3 Contract Management
    • 13.2.4 Sourcing Services
    • 13.2.5 Procurement Analytics
  • 13.3 Southern Europe Procurement as a Services Market by Application (USD Million) [2019-2023]
    • 13.3.1 Supply Chain Optimization
    • 13.3.2 Strategic Sourcing
    • 13.3.3 Spend Visibility
    • 13.3.4 Supplier Risk Management
    • 13.3.5 Procurement Automation
  • 13.4 Southern Europe Procurement as a Services Market by Country (USD Million) [2024-2030]
  • 13.5 Southern Europe Procurement as a Services Market by Type (USD Million) [2024-2030]
  • 13.6 Southern Europe Procurement as a Services Market by Application (USD Million) [2024-2030]
Chapter 14 : East Asia Procurement as a Services Market Breakdown by Country, Type & Application
  • 14.1 East Asia Procurement as a Services Market by Country (USD Million) [2019-2023]
    • 14.1.1 China
    • 14.1.2 Japan
    • 14.1.3 South Korea
    • 14.1.4 Taiwan
    • 14.1.5 Others
  • 14.2 East Asia Procurement as a Services Market by Type (USD Million) [2019-2023]
    • 14.2.1 Spend Management
    • 14.2.2 Supplier Management
    • 14.2.3 Contract Management
    • 14.2.4 Sourcing Services
    • 14.2.5 Procurement Analytics
  • 14.3 East Asia Procurement as a Services Market by Application (USD Million) [2019-2023]
    • 14.3.1 Supply Chain Optimization
    • 14.3.2 Strategic Sourcing
    • 14.3.3 Spend Visibility
    • 14.3.4 Supplier Risk Management
    • 14.3.5 Procurement Automation
  • 14.4 East Asia Procurement as a Services Market by Country (USD Million) [2024-2030]
  • 14.5 East Asia Procurement as a Services Market by Type (USD Million) [2024-2030]
  • 14.6 East Asia Procurement as a Services Market by Application (USD Million) [2024-2030]
Chapter 15 : Southeast Asia Procurement as a Services Market Breakdown by Country, Type & Application
  • 15.1 Southeast Asia Procurement as a Services Market by Country (USD Million) [2019-2023]
    • 15.1.1 Vietnam
    • 15.1.2 Singapore
    • 15.1.3 Thailand
    • 15.1.4 Malaysia
    • 15.1.5 Indonesia
    • 15.1.6 Philippines
    • 15.1.7 Rest of SEA Countries
  • 15.2 Southeast Asia Procurement as a Services Market by Type (USD Million) [2019-2023]
    • 15.2.1 Spend Management
    • 15.2.2 Supplier Management
    • 15.2.3 Contract Management
    • 15.2.4 Sourcing Services
    • 15.2.5 Procurement Analytics
  • 15.3 Southeast Asia Procurement as a Services Market by Application (USD Million) [2019-2023]
    • 15.3.1 Supply Chain Optimization
    • 15.3.2 Strategic Sourcing
    • 15.3.3 Spend Visibility
    • 15.3.4 Supplier Risk Management
    • 15.3.5 Procurement Automation
  • 15.4 Southeast Asia Procurement as a Services Market by Country (USD Million) [2024-2030]
  • 15.5 Southeast Asia Procurement as a Services Market by Type (USD Million) [2024-2030]
  • 15.6 Southeast Asia Procurement as a Services Market by Application (USD Million) [2024-2030]
Chapter 16 : South Asia Procurement as a Services Market Breakdown by Country, Type & Application
  • 16.1 South Asia Procurement as a Services Market by Country (USD Million) [2019-2023]
    • 16.1.1 India
    • 16.1.2 Bangladesh
    • 16.1.3 Others
  • 16.2 South Asia Procurement as a Services Market by Type (USD Million) [2019-2023]
    • 16.2.1 Spend Management
    • 16.2.2 Supplier Management
    • 16.2.3 Contract Management
    • 16.2.4 Sourcing Services
    • 16.2.5 Procurement Analytics
  • 16.3 South Asia Procurement as a Services Market by Application (USD Million) [2019-2023]
    • 16.3.1 Supply Chain Optimization
    • 16.3.2 Strategic Sourcing
    • 16.3.3 Spend Visibility
    • 16.3.4 Supplier Risk Management
    • 16.3.5 Procurement Automation
  • 16.4 South Asia Procurement as a Services Market by Country (USD Million) [2024-2030]
  • 16.5 South Asia Procurement as a Services Market by Type (USD Million) [2024-2030]
  • 16.6 South Asia Procurement as a Services Market by Application (USD Million) [2024-2030]
Chapter 17 : Central Asia Procurement as a Services Market Breakdown by Country, Type & Application
  • 17.1 Central Asia Procurement as a Services Market by Country (USD Million) [2019-2023]
    • 17.1.1 Kazakhstan
    • 17.1.2 Tajikistan
    • 17.1.3 Others
  • 17.2 Central Asia Procurement as a Services Market by Type (USD Million) [2019-2023]
    • 17.2.1 Spend Management
    • 17.2.2 Supplier Management
    • 17.2.3 Contract Management
    • 17.2.4 Sourcing Services
    • 17.2.5 Procurement Analytics
  • 17.3 Central Asia Procurement as a Services Market by Application (USD Million) [2019-2023]
    • 17.3.1 Supply Chain Optimization
    • 17.3.2 Strategic Sourcing
    • 17.3.3 Spend Visibility
    • 17.3.4 Supplier Risk Management
    • 17.3.5 Procurement Automation
  • 17.4 Central Asia Procurement as a Services Market by Country (USD Million) [2024-2030]
  • 17.5 Central Asia Procurement as a Services Market by Type (USD Million) [2024-2030]
  • 17.6 Central Asia Procurement as a Services Market by Application (USD Million) [2024-2030]
Chapter 18 : Oceania Procurement as a Services Market Breakdown by Country, Type & Application
  • 18.1 Oceania Procurement as a Services Market by Country (USD Million) [2019-2023]
    • 18.1.1 Australia
    • 18.1.2 New Zealand
    • 18.1.3 Others
  • 18.2 Oceania Procurement as a Services Market by Type (USD Million) [2019-2023]
    • 18.2.1 Spend Management
    • 18.2.2 Supplier Management
    • 18.2.3 Contract Management
    • 18.2.4 Sourcing Services
    • 18.2.5 Procurement Analytics
  • 18.3 Oceania Procurement as a Services Market by Application (USD Million) [2019-2023]
    • 18.3.1 Supply Chain Optimization
    • 18.3.2 Strategic Sourcing
    • 18.3.3 Spend Visibility
    • 18.3.4 Supplier Risk Management
    • 18.3.5 Procurement Automation
  • 18.4 Oceania Procurement as a Services Market by Country (USD Million) [2024-2030]
  • 18.5 Oceania Procurement as a Services Market by Type (USD Million) [2024-2030]
  • 18.6 Oceania Procurement as a Services Market by Application (USD Million) [2024-2030]
Chapter 19 : MEA Procurement as a Services Market Breakdown by Country, Type & Application
  • 19.1 MEA Procurement as a Services Market by Country (USD Million) [2019-2023]
    • 19.1.1 Turkey
    • 19.1.2 South Africa
    • 19.1.3 Egypt
    • 19.1.4 UAE
    • 19.1.5 Saudi Arabia
    • 19.1.6 Israel
    • 19.1.7 Rest of MEA
  • 19.2 MEA Procurement as a Services Market by Type (USD Million) [2019-2023]
    • 19.2.1 Spend Management
    • 19.2.2 Supplier Management
    • 19.2.3 Contract Management
    • 19.2.4 Sourcing Services
    • 19.2.5 Procurement Analytics
  • 19.3 MEA Procurement as a Services Market by Application (USD Million) [2019-2023]
    • 19.3.1 Supply Chain Optimization
    • 19.3.2 Strategic Sourcing
    • 19.3.3 Spend Visibility
    • 19.3.4 Supplier Risk Management
    • 19.3.5 Procurement Automation
  • 19.4 MEA Procurement as a Services Market by Country (USD Million) [2024-2030]
  • 19.5 MEA Procurement as a Services Market by Type (USD Million) [2024-2030]
  • 19.6 MEA Procurement as a Services Market by Application (USD Million) [2024-2030]

Chapter 20: Research Findings & Conclusion
  • 20.1 Key Findings
  • 20.2 Conclusion

Chapter 21: Methodology and Data Source
  • 21.1 Research Methodology & Approach
    • 21.1.1 Research Program/Design
    • 21.1.2 Market Size Estimation
    • 21.1.3 Market Breakdown and Data Triangulation
  • 21.2 Data Source
    • 21.2.1 Secondary Sources
    • 21.2.2 Primary Sources

Chapter 22: Appendix & Disclaimer
  • 22.1 Acronyms & bibliography
  • 22.2 Disclaimer

Frequently Asked Questions (FAQ):

The Procurement as a Services market may reach an estimated size of 15 billion by 2030.

The Procurement as a Services Market is growing at a CAGR of 12.00% over the forecasted period 2023 - 2030.

Some of the prominent trends that are influencing and driving the growth of Global Procurement as a Services Market are Integration With AI And Blockchain, Increased Focus On Sustainability

  • Growth In Automation
  • Use Of Predictive Analytics

Some of the major roadblocks that industry players have identified are Vendor Dependency, Data Security Concerns.

Some of the opportunities that Analyst at HTF MI have identified in Procurement as a Services Market are:
  • Growth In Automation
  • Use Of Predictive Analytics

New entrants, including competitors from unrelated industries along with players such as SAP, Oracle, Coupa, Jaggaer, GEP, Ivalua, Ariba, Proactis, Zycus, and SynerTrade Instituting a robust process in Global Procurement as a Services Market.

The Global Procurement as a Services Market Study is Broken down by applications such as Supply Chain Optimization, Strategic Sourcing, Spend Visibility, Supplier Risk Management, Procurement Automation.

The Global Procurement as a Services Market Study is segmented by Spend Management, Supplier Management, Contract Management, Sourcing Services, Procurement Analytics.

The Global Procurement as a Services Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA

Historical Year: 2019 - Base year: 2023. Forecast period**: 2025 to 2030 [** unless otherwise stated]

Procurement as a Service (PaaS) is an outsourced service that enables businesses to manage their procurement functions more effectively by using external providers. PaaS solutions help organizations optimize their procurement processes, reduce costs, and enhance supplier relationships. The market is driven by the increasing need for businesses to streamline operations and focus on core activities while leveraging external expertise for procurement management.