Mexico Procurement As A Service Market Size & Outlook
Mexico procurement as a service market, 2018-2030 (US$M)
Related Markets
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 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 |
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 Scope
Procurement As A Service Market Companies
| Name | Profile | # Employees | HQ | Website |
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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.
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Target buyers of Mexico 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 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.
Partial client list
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)
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