Mexico Procurement As A Service Market Size & Outlook

The procurement as a service market in Mexico is expected to reach a projected revenue of US$ 150.3 million by 2030. A compound annual growth rate of 13.3% is expected of Mexico procurement as a service market from 2024 to 2030.
Revenue, 2023 (US$M)
$62.6
Forecast, 2030 (US$M)
$150.3
CAGR, 2024 - 2030
13.3%
Report Coverage
Mexico

Mexico procurement as a service market highlights

  • The Mexico procurement as a service market generated a revenue of USD 62.6 million in 2023 and is expected to reach USD 150.3 million by 2030.
  • The Mexico market is expected to grow at a CAGR of 13.3% 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 2023USD 62.6 million
Market revenue in 2030USD 150.3 million
Growth rate13.3% (CAGR from 2023 to 2030)
Largest segmentLarge enterprises
Fastest growing segmentSmall & Medium Enterprises
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSmall & Medium Enterprises, Large Enterprises
Key market players worldwideAccenture 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, Mexico accounted for 1.0% 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 Latin America, Mexico procurement as a service market is projected to lead the regional market in terms of revenue in 2030.
  • Mexico is the fastest growing regional market in Latin America and is projected to reach USD 150.3 million by 2030.

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Procurement As A Service Market Companies

Name Profile # Employees HQ Website

Mexico 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 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.

Reasons to subscribe to Mexico procurement as a service market databook:

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Target buyers of Mexico procurement as a service market databook

  • Our clientele includes a mix of procurement as a service market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 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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Mexico procurement as a service market size, by enterprise size, 2018-2030 (US$M)

Mexico Procurement As A Service Market Outlook Share, 2023 & 2030 (US$M)

Mexico procurement as a service market size, by enterprise size, 2018-2030 (US$M)

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