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Procurement As a Service (PaaS) Market Size
- Report ID: GMI5532
- Published Date: Apr 2023
- Report Format: PDF
Procurement As a Service Market Size
Procurement As a Service (PaaS) Market size valued at USD 5 billion in 2022 and is projected to exhibit over 10% CAGR from 2023 to 2032.
Increasing digitization of business operations is expected to have a positive impact on the market growth. Over the recent years, enterprises and organizations have been undertaking extensive initiatives to digitalize their workflow by integrating advanced technologies such as big data analytics, artificial intelligence (AI), and machine learning. Next-generation PaaS market are gaining substantial momentum owing to their ability to enhance the procurement process by streamlining different stages starting with sourcing, negotiation, and purchasing of goods. It provides the infrastructure and software tools needed to develop and deploy applications, thus enabling end-to-end workload management.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Procurement As a Service Market Size in 2022: | USD 5 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 10% |
| 2032 Value Projection: | USD 15 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 230 |
| Tables, Charts & Figures: | 264 |
| Segments covered: | Component, Organization Size, End-use and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Procurement As a Service Market Scope
