India Procurement As A Service Market Size & Outlook
India procurement as a service market, 2018-2030 (US$M)
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India procurement as a service market highlights
- The India procurement as a service market generated a revenue of USD 105.3 million in 2023 and is expected to reach USD 282.9 million by 2030.
- The India market is expected to grow at a CAGR of 15.2% 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 105.3 million |
| Market revenue in 2030 | USD 282.9 million |
| Growth rate | 15.2% (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, India accounted for 1.6% 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 Asia Pacific, China procurement as a service market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 103.9 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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India 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 74.83% in 2023. Horizon Databook has segmented the India procurement as a service market based on small & medium enterprises, large enterprises covering the revenue growth of each sub-segment from 2018 to 2030.
An increase in the number of government initiatives aimed at promoting digitization across industries, such as Digital India, Smart Manufacturing, and Make in India, encourages market players to introduce advanced digital solutions and software-as-a-service platforms.
Customers are adopting these solutions and services to drive smooth and cost-effective business operations. For instance, in August 2023, Tata Consultancy Services Limited announced that it was selected as a strategic partner of the Government of India to help transform the Government e-Marketplace (GeM) into an industry-leading public procurement platform that can ensure greater transparency, efficiency, and inclusivity.
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Target buyers of India 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 India procurement as a service market , including forecasts for subscribers. This country databook contains high-level insights into India procurement as a service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India procurement as a service market size, by enterprise size, 2018-2030 (US$M)
India Procurement As A Service Market Outlook Share, 2023 & 2030 (US$M)
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