South Korea Procurement As A Service Market Size & Outlook
South Korea procurement as a service market, 2018-2030 (US$M)
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South Korea procurement as a service market highlights
- The South Korea procurement as a service market generated a revenue of USD 38.1 million in 2023 and is expected to reach USD 103.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 15.4% 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 38.1 million |
| Market revenue in 2030 | USD 103.9 million |
| Growth rate | 15.4% (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, South Korea accounted for 0.6% 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 |
|---|
South Korea 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 73.75% in 2023. Horizon Databook has segmented the South Korea procurement as a service market based on small & medium enterprises, large enterprises covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of South Korea 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 South Korea procurement as a service market , including forecasts for subscribers. This country databook contains high-level insights into South Korea procurement as a service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea procurement as a service market size, by enterprise size, 2018-2030 (US$M)
South Korea Procurement As A Service Market Outlook Share, 2023 & 2030 (US$M)
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