UK Procurement As A Service Market Size & Outlook
UK procurement as a service market, 2018-2030 (US$M)
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UK procurement as a service market highlights
- The UK procurement as a service market generated a revenue of USD 612.2 million in 2023 and is expected to reach USD 1,228.1 million by 2030.
- The UK market is expected to grow at a CAGR of 10.5% 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 612.2 million |
| Market revenue in 2030 | USD 1,228.1 million |
| Growth rate | 10.5% (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, UK accounted for 9.4% 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 Europe, Germany procurement as a service market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 662.3 million by 2030.
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Procurement As A Service Market Scope
Procurement As A Service Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 74.37% in 2023. Horizon Databook has segmented the UK procurement as a service market based on small & medium enterprises, large enterprises covering the revenue growth of each sub-segment from 2018 to 2030.
Procurement and contract management services are critical to the success of various industries, including BFSI, healthcare, manufacturing, and retail, in the U.K. These processes involve the acquisition of products, services, and resources, along with the management of contracts that govern these processes.
PaaS providers help companies acquire all necessary information, consultation, negotiation support, and digital technologies for approaching the right supplier, placing the right order, and defining the right negotiation terms.
Jux Global Limited offers its procurement procurement, contract management, and others related service engagements to a large number of organizations and businesses operating in the U.K. including JPMorgan, Western Union, Barclays, The Coca Cola, Financial Times, and Nescafe.
Reasons to subscribe to UK procurement as a service market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of UK 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 UK procurement as a service market , including forecasts for subscribers. This country databook contains high-level insights into UK procurement as a service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
UK procurement as a service market size, by enterprise size, 2018-2030 (US$M)
UK Procurement As A Service Market Outlook Share, 2023 & 2030 (US$M)
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