The Procurement as a Service (PaaS) Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering the base year as 2021.
Procurement as a Service (Paas) is the outsourced procurement model that takes care of the organization’s procurement functions. The key element of procurement as services includes the service layer, technology layer, intelligence & analytics, and compliance & risk management. The Paas model offers various benefits for organizations such as helps to organizations with the selection of categories for sourcing and for handle the procurement arrangement of this category Paas assigns the category expert.
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This report aims to provide a comprehensive presentation of the global market for Procurement as a Service (PaaS), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Procurement as a Service (PaaS).
Players Covered In Procurement as a Service (PaaS) Market are:
- HCL Technologies
- Xchanging (DXC Technology)
- CA Technologies
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Procurement as a Service (PaaS) Market – Size, Competitive Landscape and Segmentation Analysis:
Procurement as a Service (PaaS) Market Reports provide a high-level overview of market segments by product type, applications, leading key players, and regions, as well as market statistics. The research insights focus on the impact of the Covid-19 epidemic on performance and offers a thorough examination of the current market and market dynamics. This crucial understanding of the report’s objective can help you make better strategic decisions about investment markets by assessing elements that may affect current and future market circumstances. The leading key players in the Global and Regional market are summarized in a research to understand their future strategies for growth in the market
Segmentation of Procurement as a Service (PaaS) Market:
By Product Type, Procurement as a Service (PaaS) has been segmented into:
- Strategic Sourcing
- Spend Management
- Category Management
- Process Management
- Contract Management/Transactions Management
By Industry Vertical, Procurement as a Service (PaaS) has been segmented into:
- Retail & Consumer Goods
- IT & Telecom
- Energy & Utilities/Healthcare
Market Segment by Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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Covid-19 Impact and Recovery Analysis on Industry:
In December 2019, the COVID-19 outbreaks began in China and have rapidly spread across the world. The continuous spread of the covid virus brings several changes in the world. The government of various countries imposes lockdown, and implementation of various stringent regulations regarding social distancing, traveling restriction, the shutdown of manufacturing plant, and disruption of the supply chain. These factors hugely affected the market growth. During the pandemic, several businesses provide the work from home facilities, therefore the demand for the Paas service model is increased. Moreover, the number of online transactions during the covid-19 period is increased, thus the demand for the PaaS model is high. Therefore, the Spread of Covid-19 has positively impacted on the Procurement as a Service (PaaS) Market.
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- Visualize the composition of the global Procurement as a Service (PaaS) market products in terms of Product and application highlighting the critical commercial assets and players.
- Identify commercial opportunities in the global Procurement as a Service (PaaS) market by analyzing trends and co-development deals.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
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