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Procurement As a Service (PaaS) Market Share

Report ID: GMI5532
Published Date: Apr 2023
Report Format: PDF

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Procurement As a Service Market Share

Some of the leading companies in the procurement as a service market include:

Accenture plc
Capgemini
Corbus LLC
Genpact
GEP
HCL Technologies Ltd
IBM Corporation
Infosys Limited
Proxima Group
Tata Consultancy Services Limited
Wipro Limited
WNS (Holdings) Ltd
Simfoni Limited
Pcura Consulting Pvt Ltd
Sastrify
Vizient Inc

These companies are focusing on new product developments and innovation to improve customer experience and retention. For instance, in May 2022, ServiceNow unveiled its new Procurement Service Management (PSM) offering for reducing delivery period, streamlining & automating sourcing tasks, and improving procurement efficiency.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of procurement as a service (PaaS) was worth USD 5 billion in 2022 and is poised to expand at 10% CAGR from 2023 to 2032, owing to the rapid digitization of business operations.

The manufacturing application segment will surpass USD 4 billion by 2032, attributed to the rising automation of the manufacturing sector.

North America market size is projected to cross USD 5 billion by 2032, due to the rapid adoption of cloud computing and the region’s strong reputation as a hub for technological innovation.

Accenture plc, Capgemini, Corbus, LLC., Genpact, GEP, IBM Corporation, Infosys Limited, Proxima Group, Wipro Limited, and Simfoni Limited are some of the major companies operating in the market.