Canada Procurement As A Service Market Size & Outlook
Canada procurement as a service market, 2018-2030 (US$M)
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Canada procurement as a service market highlights
- The Canada procurement as a service market generated a revenue of USD 520.3 million in 2023 and is expected to reach USD 1,181.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 12.4% from 2024 to 2030.
- In terms of segment, large enterprises was the largest revenue generating enterprise size in 2023.
- Small & Medium Enterprises is the most lucrative enterprise size segment registering the fastest growth during the forecast period.
Procurement as a service market data book summary
| Market revenue in 2023 | USD 520.3 million |
| Market revenue in 2030 | USD 1,181.6 million |
| Growth rate | 12.4% (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 |
Other key industry trends
- In terms of revenue, Canada accounted for 8.0% of the global procurement as a service market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. procurement as a service market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,181.6 million by 2030.
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Procurement As A Service Market Scope
Procurement As A Service Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada procurement as a service market outlook
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 75.46% in 2023. Horizon Databook has segmented the Canada procurement as a service market based on small & medium enterprises, large enterprises covering the revenue growth of each sub-segment from 2018 to 2030.
Growing technological advancements, research & development initiatives, and higher investments by the government and investors in technology and innovation are expected to strengthen the procurement as a service market in Canada.
For instance, in January 2021, Public Services and Procurement Canada (PSPC) which supports agencies and federal departments in their daily operations as their central purchasing agent, signed an agreement with the Province of British Columbia to participate in the Canadian Collaborative Procurement Initiative, which primarily aims at modernizing traditional procurement practices.
The initiative would combine the purchasing power of provincial, federal, territorial, and municipal governments, enabling them to purchase goods and services more efficiently with fewer administration bindings and pre-negotiated rates finalized by the Government of Canada.
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Target buyers of Canada procurement as a service market databook
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Our clientele includes a mix of procurement as a service market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada procurement as a service market , including forecasts for subscribers. This country databook contains high-level insights into Canada procurement as a service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada procurement as a service market size, by enterprise size, 2018-2030 (US$M)
Canada Procurement As A Service Market Outlook Share, 2023 & 2030 (US$M)
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