Procurement-as-a-Service Market Overview:

The Procurement-as-a-Service market research provides a comprehensive insight into the competition, including the market share and company profiles of the world's biggest rivals. The research scope covers a comprehensive examination of the Procurement-as-a-Service Market, as well as the causes for variances in the industry's growth across a variety of sectors.

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Market Scope:

Top-down and bottom-up approaches are used to validate market size and estimate market size by segment. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.

Segmentation:

by Component

1. Strategic Sourcing
2. Spend Management
3. Category Management
4. Process Management
5. Contract Management
6. Transaction Management

by Enterprise Size

1. SMEs
2. Large Enterprises

by End-Use Industry

1. IT & Telecom
2. Consumer Goods & Retail
3. Manufacturing
4. Energy & Utility
5. Healthcare
6. Hospitality & Tourism
7. Others

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Key Players:

Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers' annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.

The biggest players in the Procurement-as-a-Service market are as follows:

1. Accenture
2. Infosys
3. GEP
4. Genpact
5. Proxima
6. WNS Denali
7. Capgemini
8. IBM
9. Wipro
10. HCL Technologies
11. Tata Consultancy Services(TCS)
12. Xchanging
13. Aegis Components Inc.
14. Corbus LLC
15. Bain & Company
16. CA Technologies
17. Hewlett Packard Enterprise Development LP
18. Skybox Security Inc.
19. Palo Alto Networks, Inc
20. Cisco Systems, Inc.

Regional Analysis:

Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Procurement-as-a-Service market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.

COVID-19 Impact Analysis on Procurement-as-a-Service Market:

End-user industries where Procurement-as-a-Service are utilized saw a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a halt in operations. This resulted in a significant decrease in the revenues of enterprises in these industries, as well as in demand for Procurement-as-a-Service manufacturers, harming the Procurement-as-a-Service market's growth in 2020. End-user business demand for Procurement-as-a-Service has decreased as a result of lockdowns and an increase in COVID-19 occurrences throughout the world.

Key Questions Answered in the Procurement-as-a-Service Market Report are:

Which segment accounted for the most share of the Procurement-as-a-Service market?
What is the competitive landscape of the Procurement-as-a-Service market?
What are the key factors influencing Procurement-as-a-Service market growth?
In the Procurement-as-a-Service market, which region has the most market share?
What will be the CAGR of the Procurement-as-a-Service market during the forecast period?
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