procurement market size

I'm somewhat amazed by the lack of sizable new entrants in the procurement and supply chain consulting market in recent years given the overall growth of the sector. According to Verified Market Research, the Global Procurement Software Market size was valued at USD 5.5 Billion in 2020 and is projected to reach USD 9.5 Billion by 2028, growing at a CAGR of 7.6% from 2021 to 2028. The U.S. and European Union comprise 80 percent of that total, with procurement markets that are close in size, with the U.S.'s slightly larger — $1.7 trillion, compared to the EU's $1.6 trillion market. Global service procurement market size was valued at $579.8 million in 2017 and is estimated to reach $1,415.18 million by 2025 with the CAGR of 11.8% during 2019-2025. It is estimated to develop at a substantial CAGR for the duration of the prediction. The global procurement as a service market size is expected to reach USD 10.29 billion by 2028 and is anticipated to expand at a CAGR of 8.2% from 2021 to 2028. 1.5 Market Segment by Regions 1.5.1 Germany Oxygen Procurement Market Size and Growth Rate from 2014 to 2026 1.5.2 UK Oxygen Procurement Market Size and Growth Rate from 2014 to 2026 Report Highlights. Primarily driven by rising smart city initiatives, the total Global Embedded Hypervisor Market is estimated to reach USD 7.36 Billion by year 2028. The Retail Sourcing And Procurement Market was appreciated at US$ 2748.70 million in the year 2016. The report includes quantitative analysis of the market supported by the market drivers, challenges, and trends to accurately map the market . According to Verified Market Research, the Global Procurement Software Market size was valued at USD 5.5 Billion in 2020 and is projected to reach USD 9.5 Billion by 2028, growing at a CAGR of 7.6 . Procurement as a service refers to a third-party procurement that ideally blends expertise, employee, and technology with an aim to manage the procurement requirement of a company. The procurement software application market will bring in an estimated 4.6 billion U.S. dollars in total revenue in 2021. A new OECD study " The Size of Government Procurement Markets " gives an overview of the potential that these markets represent, drawing on recent work carried out by the OECD Trade Committee on over 130 countries. The market is driven by the increasing demand for quality products at competitive prices, which in turn has led to an increase in the number of retailers entering into new markets. The report also considers the impact of COVID-19 on the global Indirect Procurement BPO Market. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on . Free Sample. In 2018, the global Procurement Outsourcing market size was 2820 million US$ and it is expected to reach 6830 million US$ by the end of 2025, with a CAGR of 11.7% during 2019-2025. RESEARCH METHODOLOGY 4. 6.2 EU Procurement Software Market Size and Market Share by Players (2016 and 2017) 7 Japan Procurement Software Development Status and Outlook 7.1 Japan Procurement Software Market Size (2012-2017) Procurement Outsourcing Services Market 2021-2027 A New Market Study, Titled "Procurement Outsourcing Services Market Upcoming Trends, Growth Drivers and Challenges" has been featured on fusionmarketresearch. The Global Indirect Procurement Outsourcing Market report provides a . The proliferation of digital technology and the need to address supply chain risks have contributed to market growth. Porter's five forces analysis illustrates the potency of buyers & suppliers in the procurement outsourcing market. . Procurement by Industry. Exhibit 1 - 2020 Procurement Applications Market Shares Split By Top 10 Procurement Vendors and Others Through our forecast period, the Procurement applications market size is expected to reach $5.45 billion by 2025, compared with $4.45 billion in 2020 at a compound annual growth rate of 4.1%. Looking forward, IMARC Group expects the market to grow at a CAGR of around 12% during 2021-2026. Retail sourcing and procurement software is used by the retail industry for managing the transactions related to sourcing and procurement of . Datanyze helps you reach more than 11,177 contacts that are using Procurement , including Amazon.com Apple CVS Health . A synopsis of the industry with regards to market size concerning renumeration and volume aspects along with the current Procurement as a Service (PaaS) market scenario is offered in the report. The report includes . Fully considering the economic change by this health crisis, by Type, Cloud-based accounting for % of the . Internet-based resources and tools, such as e-ordering, e-sourcing, e-auctioning, e-tendering, and e-catalogue, are utilized in the process of procurement. With the CAGR of %, this market is estimated to reach USD million in 2029.The report focuses on the Procurement Outsourcing market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. The market is projected to experience a slow but steady expansion in the. procurement software market research report: information by deployment (on-cloud and on-premise), by software type (spend analysis, e-sourcing, e-procurement, contract management, supplier management and others), by organization size (small & medium enterprise and large enterprises), by vertical (retail, automotive, travel & logistics, … The report considers 2018-2020 as historic period, 2021 as base year, and 2022-2028 as forecast period. The Procurement Outsourcing market has witnessed growth from USD million to USD million from 2017 to 2022. Japan Service Procurement Market Size YoY Growth (2015-2020 . Global Service Procurement Market Size, Share, Trends and industry analysis now available from IndustryARC.Report reveals Service Procurement Market in the industry by Type, Products and application. The global Retail Sourcing and Procurement market size is projected to reach US$ 5457.1 million by 2027, from US$ 3170.3 million in 2020, at a Compound Annual Growth Rate (CAGR) of 7.6% during 2021-2027. Contact Us; IND: (+91) 40-485-49062; USA: (+1) 970-236-3677; Home; About Us. According to Verified Market Research, the Global Procurement Software Market size was valued at USD 5.5 Billion in 2020 and is projected to reach USD 9.5 Billion by 2028, growing at a CAGR of 7.6 . Summary. KEY TAKEAWAYS 3. Several factors such as the increasing number of freelancers in the job market, growing impetus on workforce analytics, and effective management of . Due to the COVID-19 pandemic, the global Procurement Analytics market size is estimated to be worth USD 3338.4 million in 2022 and is forecast to a readjusted size of USD 8594.3 million by 2028 with a CAGR of 17.1% during the review period. The increased emphasis on workforce analytics, as well as the emergence of new possibilities as a result of technical advancements, has driven market expansion. Global Healthcare Technology Management Market Size study, byType of Service (Maintenance & Repair, Capital Planning, Integrated Software Platform, Labor Management, Supply Chain (Procurement), Cyber Security, Quality & Regulatory Compliance ), by Facility Type ( Acute care facility, Post Acute Care Facility, Non Acute care Facility) and Regional Forecasts 2022-2028 Press release - Verified Market Reports - Retail Sourcing and Procurement Market Size And Forecast | Cegid, Epicor Software Corporation, GEP, GT Nexus, IBM Corporation, Ivalua, JDA Software Group . The global Procurement as a service market has been segmented on the basis of Component, Organization Size, Industry Vertical, and key regions. The current market is quantitatively analyzed from 2021 to 2030 to highlight the market growth scenario. Service Procurement Market size was valued at USD 771.58 Million in 2020 and is projected to reach USD 1,864.49 Million by 2028, growing at a CAGR of 11.66% from 2021 to 2028. The Global Procurement as a Service Market size is expected to reach $10.3 billion by 2027, rising at a market growth of 7.9% CAGR during the forecast period. AD. Porter's five forces analysis illustrates the potency of buyers & suppliers in the procurement outsourcing market. Global Procurement as a Service Market Research Report: By Component (Strategic Sourcing, Spend Management, Category Management, Process Management, Transaction Management), By Organization Size (Large Enterprises, SMEs) and By Vertical (BFSI, Government & Defense, IT & Telecom, Healthcare, Retail, Manufacturing, Others) - Forecast to 2027 The global procurement as a service market attained a value of USD 5.28 billion in 2020. Service procurement involves direct purchasing and sourcing business services to promote the company itself. Pune, India, April 15, 2019 (GLOBE NEWSWIRE) -- Market Research Future (MRFR)'s assessment highlights that the global procurement software market is poised to expand at a CAGR of 9.6% over the . Find Contacts The industry is projected to be driven by the growing need for enhancing procurement function and is expected to reach USD 7 billion by 2026. Although the COVID-19 pandemic posed a minor hiccup to the . 1.4.3 Europe Oxygen Procurement Market Size and Growth Rate of End-User 3 from 2014 to 2026. Furthermore, the increase in necessity . China Service Procurement Market Size YoY Growth (2015-2020) (Million US$) Figure 29. The study is intended to assist governments in preparing for discussions on public procurement in the World Trade Organization. It defines the market share, market size, sales, distribution . The procurement software market is expected to register a CAGR of 10.2% during the forecast period (2021 - 2026). With the CAGR of %, this market is estimated to reach USD million in 2029.The report focuses on the Procurement Outsourcing market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. 85. Global MRO PPE - Procurement Market Size, Trends, Growth, Competitive Landscape and Key Regional Analysis to 2027" offers broad information and understanding of the MRO PPE - Procurement markets. Some Extracts from Procurement Outsourcing Services Market Study Table of Content. Examination of the global Retail Sourcing and Procurement market size by value and size. Europe Service Procurement Market Size YoY Growth (2015-2020) (Million US$) Figure 28. Report highlights the outlook, features. Organizations interested in buying an e-procurement, purchase-to-pay and/or buy-side e-catalog management solution can use this research to identify market characteristics, determine solution evaluation criteria and build a shortlist of suitable prospective solution vendors. The global Engineering, Procurement, & Construction Management Market is governed by factors such as rising real estate, growth in demand in the oil and manufacturing industry, and affinity of people to consult a specialist when it comes to infrastructure building . Number of Technologies. About Company; Market Reports. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your . The global Procurement Outsourcing market size is projected to reach USD 8696.9 million by 2027, from USD 4008.6 million in 2020, at a CAGR of 11.7% during 2021-2027. Please select a Citywide Indicator below to see a breakdown of FY21 procurement by method, procurement by industry, procurement by size, the largest contracts and requirements contracts, P-Card purchasing, Franchises and Concessions, Revocable Consents, and Contracts by City Council. The MRO PPE - Procurement market can be geographically divided into North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa. E-Procurement tools are an electronic data interchange system used to support tactical, operational, and strategic procurement. North America Service Procurement Market Size YoY Growth (2015-2020) (Million US$) Figure 27. OVERVIEW 4.2. Procurement outsourcing services market is segmented on the basis of service type and end user. According to the latest report by IMARC Group, titled "Retail Sourcing and Procurement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the global retail sourcing and procurement market exhibited strong growth during 2015-2020. Procurement Software Market Share. Global Service Procurement Market (2022) provides analysis by size, share, emerging trends, user demand, service types, growth of the industry. . The global procurement as a service market attained a value of USD 5.28 billion in 2020, driven by the rising adoption of advanced technologies. Procurement Consulting Services Market Size 2022 Industry Growth, Latest Update with Technological Advancement, Emerging Trends, Business Opportunity, Sales, Revenue, Gross Margin and Forecast to 2026 Global Procurement Outsourcing Services Market Scope and Market Size. Retail Sourcing and Procurement Market Size, Outlook And Forecast | Cegid, Epicor Software Corporation, GEP, GT Nexus, IBM Corporation, Ivalua, JDA Software Group, Proactis, SAP . E-PROCUREMENT TOOLS MARKET LANDSCAPE 4.1. Moreover, eProcurement tools can help companies achieve . AD. Press release - Zion Market Research - Global Retail Sourcing and Procurement Market Size-Share Analysis and System Production (2020-2026) | Addressing the Potential Impact of COVID-19 by ZMR . The industry is being driven by the increasing demand for minimising procurement operations costs in an organisation. In addition, recent development of Artificial . The global retail sourcing and procurement market exhibited strong growth during 2015-2020. Description This global study of the Procurement Outsourcing Services market offers an overview of the existing market trends, drivers, restrictions, and metrics and also offers a . Summary. Based on Component, the market is segmented into Strategic Sourcing, Spend Management, Category Management, Process Management, Contract Management, and Transactions Management. The Procurement Outsourcing market has witnessed growth from USD million to USD million from 2017 to 2022. Reports declares complete analysis of market size, share, revenue, global growth factors, detailed . 1.3.4 E-Procurement Tools Market - By Enterprise Size 1.3.5 E-Procurement Tools Market - By Industry Vertical 1.3.6 E-Procurement Tools Market - By Region 1.3.6.1 By Country 2. Procurement software market is segmented on the basis of deployment, software type, organization size and vertical. Figure 26. Browse market data Tables and Figures spread through 141 Pages and in-depth TOC on "Embedded Hypervisor Market Size, Share & Trends Analysis Report by Component (Software, Services), by Type (Bare . Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and . New Jersey, United States - This Retail Sourcing and Procurement Market report has segmented the market based on Application, Product, Geography, Sunday, May 8 2022 . The global retail sourcing and procurement market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. SAN FRANCISCO, Nov. 25, 2019 /PRNewswire/ -- The global procurement as a service market size is expected to reach USD 9.3 billion by 2025, expanding at a CAGR of 7.3% from 2019 to 2025, according . 4.4.2 UK Procurement Services Market Size and Price Analysis 2016-2021 4.4.3 France Procurement Services Market Size and Price Analysis 2016-2021 This GAO finding is a useful contribution to an ongoing U.S.-EU debate over the size of each other's procurement market. To highpoint key trends in the market in terms of manufacturing, revenue and sales. The current market is quantitatively analyzed from 2021 to 2030 to highlight the market growth scenario. The U.S. and European Union comprise 80 percent of that total, with procurement markets that are close in size, with the U.S.'s slightly larger — $1.7 trillion, compared to the EU's $1.6 trillion market. The global retail sourcing & procurement market size is expected to reach USD 2.74 billion by 2025, according to a new report by Grand View Research, Inc. Increasing centralization in procurement processes and better visibility in sourcing related data has been a major factor driving market growth. The Procurement as a Service (PaaS) market is appropriately divided into pivotal segments according to the report. The global Government Procurement Software market size is projected to reach USD million by 2027, from USD million in 2020, at a CAGR of % during 2021-2027. 2020 to 2027. Agriculture. With the increasing need to automate the procurement processes, the materialization of the e- procurement technology is anticipated to open up new opportunities for market growth over the forecast period. The MRO market was valued at over $600 billion in 2018 and by 2020, it was expected to surpass $660 billion. "Indirect Procurement Outsourcing market" report 2022 briefs current market situation. To accurately calculate the market segments, consumption, and other dynamic factors of the various units of the market. Procurement as a service encapsulates the gamut of procurement services delivered via 'as a service' model. Indirect Procurement Outsourcing Market is growing at moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. Procurement Outsourcing Services Market: Overview This comprehensive report titled Procurement Outsourcing Services Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026 published by Transparency Market Research analyzes and provides growth forecast for the procurement outsourcing services market at the global as well as regional level. Source: Apps Run The World, December 2021 This GAO finding is a useful contribution to an ongoing U.S.-EU debate over the size of each other's procurement market. It is used for comprehensive analysis, decision-making and reporting of information generated taking into account external personnel. The industry is further expected to grow in the forecast period of 2022-2027 at a CAGR of 7.8% to reach USD 7 billion by 2026. MRO stands for maintenance, repair, and operations and it refers to the supplies consumed such as industrial equipment, consumables, furniture, and plant supplies required for upkeep. Control spending by . Determination of the key dynamics of the market. United States federal government procurement data can be found on the following sites: USASpending - USASpending.gov Federal Procurement Data System - fpds.gov Under the WTO revised GPA Parties are required by Article XVI.4 to submit to the WTO Committee on Government Procurement on an annual basis statistics on the procurements covered by the GPA. The service procurement market is expected to grow from USD 579.5 Million in 2017 to USD 1,011.6 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 11.8% during the forecast period. The Procurement as a Service (PaaS) market is appropriately divided into pivotal segments according to the report. This report contains market size and forecasts of Procurement Services in global, including the following market information: Global Procurement Services Market Revenue, 2017-2022, 2023-2028 . The service procurement process helps organizations manage supply, ensure supply, and control operational activities in the business. PORTER'S FIVE FORCES ANALYSIS 4.2.1 Bargaining Power of Buyers The Global Market stood at a revenue of USD 5.21 Billion in the year 2021, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 5.90%. Market Study Report adds a latest research study on Procurement as a Service (PaaS) market Statistics for 2021-2026, which is a detailed analysis of this business space inclusive of trends, competitive landscape, and the market size. March 9, 2022 Service Procurement Market The rise in the number of freelancers, effective expenditure management on contractual workers, and elevated emphasis on workforce analytics are boosting the service procurement market. I've been privately asked to look at market growth and market size for clients in . The Services Procurement Market size is expected to grow at an annual average of 10% during 2021-2027. Service Procurement Market Size - USD 673.8 Million in 2018, Market Growth - CAGR of 10.3%, Market Trends -The rise in the number of freelancers Retail Sourcing And Procurement Market Size & Forecast Report, 2014 - 2025. Procurement Software Market Scope and Market Size. List of TOP KEY PLAYERS in Accounts Payable and Procurement Services Market Report are: - Empronc Solutions Pvt Sage Bellwether Comindware FinancialForce Zoho SAP Oracle Freshbooks Procurify. The report provides a detailed market analysis based on the present and future competitive intensity of the market. This report focuses on the global Procurement Outsourcing status, future forecast, growth opportunity, key market and key players. "Indirect Procurement Outsourcing market" report 2022 briefs current market situation. Indirect Procurement Outsourcing Market Size Forecast. It is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 7.8%. Growing acceptance of the resolutions, internationally, by way of several retail . This section of the report provides an accurate assessment of the MRO PPE - Procurement market presence in the major regions. The report provides a detailed market analysis based on the present and future competitive intensity of the market. Reports declares complete analysis of market size, share, revenue, global growth factors, detailed . Procurement as a service refers to a third-party procurement that ideally blends expertise, employee, and technology with an aim to manage the procurement requirement of a company. The global market size of the Procurement industry is 30,696 companies, and there are 55 companies producing Procurement technologies. The global procurement as a service market size was valued at USD 5.94 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.4% from 2022 to 2030. The Global Procurement as a Service Market size is expected to reach $10.3 billion by 2027, rising at a market growth of 7.9% CAGR during the forecast period. The report analyses the MRO PPE - Procurement market for the historical (2016-2020) and forecast (2021-2027) periods. The Procurement Consulting Industry is Desperately in Need of a 21st Century Peter Kraljic. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your . Procurement Outsourcing Services Market Size (Sales) Market Share by Type (Product Category) [, Global . 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