Press release
Procurement as a Service Market Will Generate New Growth Opportunities in Upcoming Year 2025
The Global Procurement Service Market is valued at USD 4.93 billion in 2018 and is rising at a CAGR of 8.9% with a forecast of USD 9 Billion by 2025.All enterprises utilize procurement services and have traditionally managed them in-house. The changing economic landscape with its emphasis on e-procurement, supply chain management, and efficient p2p systems has made it more cost-effective to outsource these services to businesses dedicated to providing procurement solutions.
As this industry grows, it becomes more cost-effective for all businesses to avail procurement services and that is a big factor in this market’s growth.
Available Exclusive Sample Copy of this Report @ https://www.marketresearchfuture.com/sample_request/8293
An excellent supporting infrastructure is provided by various IT companies who have expanded their profile to offer procurement services with the largest enterprises setting up their own procurement service units.
MARKET USP
An increasing number of enterprises outsourcing all their procurement services related requirements to third-party vendors leading to rapid market growth.
SEGMENTATION
By Component
Strategic Sourcing: The largest market by segment. Strategic sourcing overlooks the collation of information pertinent to an organization to maximize its profitability. It is utilized by all the industries across sectors.
Spend Management: This is the fastest-growing segment. Spend management is critical for BFSIs, utilities, and healthcare, among others. Spend management analyzes the entire spending profile of an organization to make it more streamlined and cost-efficient.
Category Management: Category management is what has allowed Wal-Mart and Amazon to dominate the retail sector. Category management benefits businesses of all sizes and with its sphere of application encompassing virtually all industries, this segment is slated to grow.
Process Management: With an overarching aim to align and attune an organization’s entire machinery to the goals of the organization, process management is an excellent way for an enterprise to shape up and eliminate all wasteful procedures and ventures. Essential for enterprises which offer many services and products.
Transaction Management: IT, travel, hospitality, and banking place emphasis on transaction management.
By Organization Size
Large Enterprises: A very large segment, large enterprises often become cumbersome and utilizing procurement services, they can streamline themselves to better their profitability.
SMEs: Often critical to their survival, procurement services are an excellent way for SMEs to build up profitability and streamline their strategic capabilities.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/procurement-service-market-8293
Key Players
Accenture Plc
Infosys Ltd
GEP
Genpact LLC
Proxima Procurement Ltd
RFCODE
WNS Global
Capgemini SE
IBM Corporation
WIPRO Limited
HCL Technologies Ltd
Tata Consultancy Services Limited
Xchanging Solutions Ltd
CA Technologies
Contact US:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Procurement as a Service Market Will Generate New Growth Opportunities in Upcoming Year 2025 here
News-ID: 2216486 • Views: …
More Releases from Market Research Future
Smart Meters Market to Reach USD 56,854.66 Million by 2035 | CAGR 8.15%
The Smart Meters Market has emerged as a transformative force in the global energy ecosystem, reshaping how utilities and consumers monitor, manage, and optimize electricity, gas, and water consumption. With the rising integration of digital technologies, smart grids, and automation systems, smart meters have become a vital component for enabling real-time data collection, improving operational efficiency, and enhancing overall energy reliability. The market continues to grow rapidly as governments, energy…
Solar Hybrid Inverter Market to Expand at 8.90% CAGR Through 2035
The global Solar Hybrid Inverter Market continues to witness rapid expansion as renewable energy solutions gain traction across residential, commercial, and industrial segments. Hybrid inverters, capable of seamlessly integrating solar PV, batteries, and the grid, have become essential for powering next-generation distributed energy systems. Their ability to optimize energy usage, reduce electricity dependence, and ensure uninterrupted supply has positioned them as a key component of modern solar installations.
Get Free Sample…
Bifold Doors Industry valued at $10.69 Billion (2024), Expected $18.91 Billion b …
Bifold Doors Market Overview
The Bifold Doors Market is on a growth trajectory, driven by evolving consumer preferences, urbanization, and advancements in design technology. As of 2024, the market is estimated to be valued at approximately $10.69 billion, with projections indicating it will reach around $18.91 billion by 2035, reflecting a compound annual growth rate (CAGR) of 5.32% during the forecast period from 2025 to 2035.
Get a Sample PDF Brochure of…
Waterstop Market Size $2272.36 million in 2024, Projected to Reach $4040.69 mill …
Overview of the Waterstop Market
The Waterstop Market is experiencing significant growth, driven by increasing infrastructure investments and a heightened focus on water management solutions. According to recent analyses, the market was valued at approximately $2272.36 million in 2024 and is projected to reach around $4040.69 million by 2035, with a compound annual growth rate (CAGR) of 5.37% during the forecast period from 2025 to 2035.
Get a Sample PDF Brochure of…
More Releases for Management:
Gym Management Software Market By Functions - Scheduling Appointments, Waitlist …
MarketResearchReports.Biz announces addition of new report "Gym Management Software Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" to its database.
Gym management software is a software solution which allows the users to manage the different processes associated with running a gym in an efficient and effective manner. These software solutions are generally multifunctional and can manage all the diverse processes associated with managing a gym…
Water Network Management, Water Network Management trends, Water Network Managem …
MarketStudyReport.com adds a new 2018-2023 Global Water Network Management Market Report focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
This report presents a comprehensive overview, market shares, and growth opportunities of by Water Network Management product type, application, key manufacturers and key regions. Over the next five years, Water Network Management will…
Cloud Project Portfolio Management Market Report 2018: Segmentation by Applicati …
Global Cloud Project Portfolio Management market research report provides company profile for CA Technologies (New York, U.S.), HPE (California, U.S.), Changepoint Corporation (Richmond Hill, Ontario), Clarizen, Inc. (California, U.S.), Microsoft Corporation (Washington, U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and…
Prescriptive analytics Market Outlook 2025 focus On: Risk Management, Operation …
A detailed market study on "Global Prescriptive analytics Market" examines the performance of the Prescriptive analytics Market. It encloses an in-depth Research of the Prescriptive analytics Market state and the competitive landscape globally. This report analyzes the potential of Prescriptive analytics Market in the present and the future prospects from various prospective in detail.
Get Free Sample Report@ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-prescriptive-analytics-market
Prescriptive analytics market accounted for USD 1.20 billion growing at a CAGR of…
Facility Management Market Solutions & Services (Real Estate & Lease Management, …
ReportsWeb.com added “Global Facility Management Market to 2025” to its vast collection of research Database. The report classifies the global Facility Management Market in a precise manner to offer detailed insights into the aspects responsible for augmenting as well as restraining market growth.
Facility Management is an essential part which handles all functions related to enterprise and helps in streaming all the operations with reducing cost. Managing life cycle management of…
Telecom Expense Management Market Analysis For Financial Management, Order Manag …
The telecom expense management (TEM) market report provides analysis for the period 2014–2024, wherein the period from 2016 to 2024 is the forecast period and 2015 is the base year. The report covers all the major trends and technologies playing a key role in telecom expense management market growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence the market’s growth during the said…
