Market revenue in 2023 | USD 2,891.0 million |
Market revenue in 2030 | USD 5,758.5 million |
Growth rate | 10.3% (CAGR from 2023 to 2030) |
Largest segment | Large enterprises |
Fastest growing segment | Small & Medium Enterprises |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 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 74.08% in 2023. Horizon Databook has segmented the Europe procurement as a service market based on small & medium enterprises, large enterprises covering the revenue growth of each sub-segment from 2018 to 2030.
In Europe, organizations are adopting procurement as a service to acquire required products and services at the right time, on the right terms, and with the right specifications.
Advanced solutions and technology innovations enable European businesses to make data-driven decisions by integrating insights from various business functions, including supplier information, contact details, inventory location, and negotiation terms.
Key players are offering customized PaaS solutions based on industry-specific requirements to help businesses enhance their operational capabilities.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe procurement as a service market , including forecasts for subscribers. This continent databook contains high-level insights into Europe procurement as a service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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