New York, According to a new market research report published by Global Insight Services “Procurement As A Service Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Procurement as a Service (PaaS) is a cloud-based application that enables organizations to manage and automate their procurement processes. PaaS includes a suite of tools for managing supplier relationships, sourcing, contract management, and spend analysis. It offers a self-service portal for suppliers, a catalog of goods and services, and a marketplace for sourcing and procuring goods and services. PaaS is delivered as a subscription service and is typically priced on a per-user, per-month basis.
Get Access to A Free Sample Copy of Our Latest Report : https://www.globalinsightservices.com/request-sample/GIS21387
Key Trends
There are a few key trends in Procurement As A Service technology. The first is the move to cloud-based solutions. This is because cloud-based solutions offer a number of advantages over on-premise solutions, including lower costs, scalability, and flexibility.
Another trend is the use of artificial intelligence (AI) and machine learning (ML) to automate procurement processes. This can help organizations save time and money by reducing the need for manual labor. Additionally, AI and ML can help organizations make better decisions by analyzing large data sets to identify patterns and trends.
Key Drivers
There are several key drivers of the Procurement As A Service market.
First, the shifting focus of organizations from traditional procurement models to as-a-service models is a key driver of market growth. This shift is being driven by the need for organizations to increase agility and flexibility while reducing costs. As a result, organizations are increasingly turning to Procurement As A Service providers for help in managing their procurement processes.
Another key driver of the Procurement As A Service market is the growing trend of outsourcing procurement functions. This trend is being driven by the need for organizations to focus on their core competencies, while leaving the procurement function to experts. As a result, more and more organizations are outsourcing their procurement functions to Procurement As A Service providers.
Market Segments
The Procurement as a Service market report is bifurcated on the basis of component, organization size, industry vertical, and region. On the basis of component, it is segmented into strategic sourcing, spend management, contract management, and others. Based on organization size, it is analyzed across large enterprises and SMEs. By industry vertical, it is divided into energy & utilities, healthcare, travel & hospitality, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Players
The Procurement as a Service market report includes players such as Accenture, InfosysGEP, Genpact, Proxima, WNS, Capgemini, IBM, Wipro, and HCL.
Free Customization Available : https://www.globalinsightservices.com/request-customization/GIS21387
Reasons to buy Procurement As A Service Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: [email protected]
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/