Supply Chain Council of European Union | Scceu.org
Procurement

Procurement as a service Market expected to grow at 7.8 billion in revenue by 2024

The Global report titled “Procurement as a service Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 117 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.

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The Global Procurement as a Service Market size is expected to grow from US$ 5.4 Billion in 2019 to US$ 7.8 Billion by 2024, at a Compound Annual Growth Rate (CAGR) of 7.6% during the forecast period.

Spend includes analyzing companies spending patterns, spend categorization/spend classification, spend data management, and spend performance management. Effective spend management helps a company ensure that supplier data is kept up to date so that procurement executives are empowered with the right information, and supplier databases throughout a company are integrated to avoid duplication of suppliers.

With time, many retail organizations have deployed a mix of technologies, computer systems, and disparate applications to cater to the growing demands of customers. Customer experience proves to be a very vital differentiating factor among a wide array of online shopping options.

#Key Players- Accenture (Ireland), Infosys (India), GEP (US), Genpact (US), Proxima (UK), WNS (India), Capgemini (France), IBM (US), Wipro (India), HCL Technologies (India), TCS (India), Xchanging (UK), Aegis (India), Corbus (India), and CA Technologies (US)

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Table of Contents:

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.3.1 Market Segmentation

1.3.2 Regions Covered

1.4 Years Considered for the Study

1.5 Currency Considered

1.6 Stakeholders

2 Research Methodology

2.1 Research Data

2.1.1 Secondary Data

2.1.2 Primary Data

2.1.2.1 Breakup of Primary Participants’ Profiles

2.2 Market Breakup and Data Triangulation

2.3 Competitive Leadership Mapping Research Methodology

2.4 Market Size Estimation

2.4.1 Top-Down Approach

2.4.2 Bottom-Up Approach

2.5 Market Forecast

2.6 Assumptions for the Study

2.7 Limitations of the Study

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Procurement as a Service Market

4.2 Market in North America, By Vertical and Country

4.3 Market: Major Countries

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Growing Demand Among Enterprises to Streamline the Procurement Processes

5.2.1.2 Imminent Need to Handle Compliance Polices and Contracts

5.2.2 Restraints

5.2.2.1 Growing Concerns for Data Security and Privacy Across Enterprises

5.2.3 Opportunities

5.2.3.1 Advent of Artificial Intelligence and Machine Learning in the Procurement Process

5.2.3.2 High Adoption of Analytics Solutions to Improve the Procurement Process

5.2.4 Challenges

5.2.4.1 Integration Issues With the Legacy Systems

5.2.4.2 Outages and Third-Party Dependence

5.3 Industry Trends

…..And More

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