Report ID: SQMIG45C2056
Report ID:
SQMIG45C2056 |
Region:
Global |
Published Date: July, 2001
Pages:
260
|
Tables:
67 |
Figures:
75
Procurement As A Service Market size was valued at USD 5.52 billion in 2019 and is poised to grow from USD 6.15 billion in 2023 to USD 14.62 billion by 2031, growing at a CAGR of 11.1% in the forecast period (2024-2031).
The emergence of high-scale digitalization and advancement in the process of automating critical business, such as sourcing and procurement is gaining traction, and this is projected to have in the favour of the global procurement as a service market growth. Technology integrations into procurement functions is enabling strategic sourcing and supplier management to become more proactive and efficient; it is anticipated to enable cost reduction of cost and improve the profitability of business.
The significance of global procurement service providers has shifted from negotiation contracts to the exclusive business partnerships and strategic agreements to ensure and consolidate short-and-long-term business continuity. For instance, in 2019, Proactis announced a partnership with global change-ready technology and implementation specialist Agilyx Group to provide a wide range of management solutions and services to Agilyx customers.
Cloud offers flexibility with ease is subsequently helping service provides of procurement through lower storage data costs. This further helps service providers in improving business operations and creating custom solutions available to the end users of the global procurement as a service market. In addition, AI is also having its way into the procurement service business with a unique selling point (USP) of providing data analytics while enhancing operations.
US Procurement As A Service Market Market is poised to grow at a sustainable CAGR for the next forecast year.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONProcurement As A Service Market size was valued at USD 5.52 billion in 2019 and is poised to grow from USD 6.15 billion in 2023 to USD 14.62 billion by 2031, growing at a CAGR of 11.1% in the forecast period (2024-2031).
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG45C2056