Market revenue in 2023 | USD 60.2 million |
Market revenue in 2030 | USD 125.8 million |
Growth rate | 11.1% (CAGR from 2023 to 2030) |
Largest segment | Large enterprises |
Fastest growing segment | Small & Medium Enterprises |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Small & Medium Enterprises, Large Enterprises |
Key market players worldwide | Accenture PLC Class A, Aegis Limited, Genpact Ltd, GEP, HCL Technologies, Infosys Ltd ADR, International Business Machines Corp, Tata Consultancy Services, Wipro Ltd ADR, WNS (Holdings) Ltd |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to procurement as a service market will help companies and investors design strategic landscapes.
Large enterprises was the largest segment with a revenue share of 77.91% in 2023. Horizon Databook has segmented the Brazil procurement as a service market based on small & medium enterprises, large enterprises covering the revenue growth of each sub-segment from 2018 to 2030.
The procurement as a service market growth in Brazil can be attributed to factors such as the growing number of industries, increasing demand for technology solutions, and developments by key market players.
Furthermore, the rising diversification in operations of enterprises across sectors such as agriculture, manufacturing, services, and BFSI is driving the adoption of industry-specific PaaS solutions tailored to the unique needs of each sector. These factors are expected to drive the adoption of PaaS solutions in the country.
Horizon Databook provides a detailed overview of country-level data and insights on the Brazil procurement as a service market , including forecasts for subscribers. This country databook contains high-level insights into Brazil procurement as a service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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