Market revenue in 2023 | USD 62.6 million |
Market revenue in 2030 | USD 150.3 million |
Growth rate | 13.3% (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 80.67% in 2023. Horizon Databook has segmented the Mexico procurement as a service market based on small & medium enterprises, large enterprises covering the revenue growth of each sub-segment from 2018 to 2030.
Recent events, including the COVID-19 pandemic, have increased the demand for sophisticated software and services that enable businesses to maintain long-term supplier relationships, place orders promptly, handle inventory better, and manage contracts.
Furthermore, the growing popularity of cloud based software and platforms in the manufacturing, retail, BFSI, and IT industries is expected to boost the adoption of procurement as a service solution in the country.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico procurement as a service market , including forecasts for subscribers. This country databook contains high-level insights into Mexico procurement as a service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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