The global procurement as a service market size was valued at USD 5.7 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 7% from 2021 to 2027. Procurement as a service is an outsourced procurement model that uses: The combination of skills and expertise to handle the procurement function of the organization. Many organizations rely on digital technology to perform procurement and sourcing functions and track payments and purchases. Digital procurement is the application of disruptive technologies to enable automation of transaction procurement. It also helps reduce operational costs by helping processes such as strategic sourcing be predictable and supplier management proactive. As a service provider, the majority of procurements are providing reporting portals to consumers to ensure the transparency of the process.
A full report of Global Procurement as A Service Market available at: https://www.orionmarketreports.com/procurement-as-a-service-market/6585/
Key Players:
• Accenture; HCL Technologies Limited
• IBM
• GEP
• Tata Consultancy Services Limited
• WNS (Holdings) Ltd
• Wipro Limited
• Infosys Limited
• Genpact
Global Service Procurement Market Segmentations
By Component
Solutions
o Statement of Work Procurement
o Services Governance and Master Service Agreement Management
o Freelancer Management
o Contingent Workforce Management
Services
o Support and Maintenance
o Deployment and Integration
o Consulting
By Vertical
• Telecom and IT
• Manufacturing
• Retail and Consumer Goods
• Government
• Healthcare and Life Sciences
• Others
By Geographic Scope
North America
• U.S.
• Canada
• Mexico
Europe
• Germany
• UK
• France
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
Rest of the World
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• We cover more than 15 major industries, further segmented into more than 90 sectors.
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
