December 1, 2020 6:22 pm
Procurement as-a-Service Market Global Trends with Industry Growth to 2027 – GEP, Accenture, Capgemini, Corbus, Genpact, HCL, IBM, Infosys, Wipro, WNS
Procurement as-a-Service Industry Premium Report have an extensive study based on Major Players, Size, Share, Growth Rate, Future Trends, Market Drivers, Opportunities and Challenges, Competitive Landscape which will provide a comprehensive view of Procurement as-a-Service Market.Procurement as-a-service is an outsourced procurement business model that combines staff, technology, and expertise to manage a portion or complete user organization procurement functions. Technology supports the service providers to examine what their customers are spending money on, and where they are likely to find potential savings. Procurement as-a-service offerings support the endusers to select the categories for sourcing and allocate category experts to manage purchasing for those categories. The Procurement as-a-Service Market was valued at US$ 3,137.7 million in 2019 and is projected to reach US$ 4,741.1 million by 2027; it is expected to grow at a CAGR of 6.4%from 2020 to 2027. Growing procurement complexities coupled with increased regulations and resource constraints are anticipated to boost the demands for a flexible and cost-effective Procurement as-a-Service model for business thereby driving the Procurement as-a-Service market globally. Lack of awareness about the model is one of the major restraining factors in the Procurement as-a-Service market. Growing utilization of Procurement as-a-Service model by emerging applications such as consumer goods and retail is anticipated to further provide good opportunities to the players operating in the Procurement as-a-Service market. Get Sample Copy of this Report @ https://www.theinsightpartners.com/sample/TIPRE00005963/ The reports cover key developments in the Procurement as-a-Service market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Procurement as-a-Service market are anticipated to lucrative growth opportunities in the future with the rising demand for Procurement as-a-Service market in the global market. Key Players Influencing the Market
- Corbus, LLC
- HCL Technologies
- IBM Corporation
- Infosys Limited
- Wipro Limited
- WNS (Holdings) Ltd.
- Market size and growth rate during forecast period.
- Key factors driving the Procurement as-a-Service Market.
- Key market trends cracking up the growth of the Procurement as-a-Service Market.
- Challenges to market growth.
- Key vendors of Procurement as-a-Service Market.
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global Procurement as-a-Service Market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.
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