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Services Procurement Market Report 2025

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    Report

  • 200 Pages
  • April 2025
  • Region: Global
  • The Business Research Company
  • ID: 5980318
This Services Procurement market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The services procurement market size has grown strongly in recent years. It will grow from $2.38 billion in 2024 to $2.61 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to globalization rising steadily, higher demand for specialized skills, increased focus observed on employee health and well-being, hybrid workforce models being adopted more widely, and increased demand for industry-specific expertise.

The services procurement market size is expected to see strong growth in the next few years. It will grow to $3.69 billion in 2029 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to increasing digitalization in business processes, increasing need of modernized solutions, focus on core competencies, demand for outsourced services, and the rise of the gig economy and contingent workforce. Major trends in the forecast period include innovations such as e-procurement platforms, vendor management systems (VMS), and artificial intelligence (AI) streamline the procurement process, service procurement technology, and sustainable supply chain management.

The increasing adoption of digitization is anticipated to propel the growth of the services procurement market. Digitization, utilizing digital technologies to revamp traditional business operations and communication channels, is gaining traction due to its potential for complete IT transformation, which enhances efficiency, scalability, and cost reduction. Digitization plays a pivotal role in automating and streamlining various procurement processes, from supplier identification to contract management. For example, research by the International Monetary Fund in March 2023 indicated a 6% average rise in digitalization across advanced economies. Additionally, the Government of Canada reported in the same period that global spending on digital education surged from 2.5% to 4.3% of global education expenditures, indicating significant investment growth by 2025. Consequently, the growing adoption of digitization is fostering the expansion of the services procurement market.

Key players in the services procurement market are concentrating on developing advanced technological solutions with enhanced procurement capabilities, such as accelerated procurement automation, to fortify their offerings and secure a competitive advantage. Accelerated procurement automation involves expediting and optimizing procurement tasks through advanced technologies and streamlined workflows. For instance, in May 2022, ServiceNow Inc., a leading provider of cloud-based platform solutions, introduced Procurement Service Management (PSM) on its Now Platform. PSM digitizes lower-value tasks, empowering teams to concentrate on strategic endeavors and fostering improved collaboration with suppliers. Through features such as accelerated procurement automation and end-to-end visibility into procurement processes, Procurement Service Management aims to boost efficiency and drive strategic outcomes in procurement.

In February 2022, Bain & Company Inc., a management consulting firm, acquired ArcBlue to augment its procurement expertise with Bain's existing performance improvement products, offering comprehensive procurement solutions encompassing strategy development, design, and technology implementation. ArcBlue, an Australia-based procurement and supply chain consulting organization, specializes in providing procurement-as-a-service.

Major companies operating in the services procurement market are Amazon.com Inc., Accenture plc, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, SAP Fieldglass, Tata Consultancy Services Limited, Capgemini SE, Infosys Limited, HCL Technologies Limited, Wipro Limited, Palo Alto Networks Inc., Juniper Networks Inc., Bain & Company Inc., Genpact Limited, GEP Solutions Pvt. Ltd., WNS (Holdings) Limited, Coupa Software Incorporated, Upwork Global Inc., PRO Unlimited Inc., Zycus Inc., Field Nation LLC, JAGGAER Inc., WorkMarket Inc., Beeline B.V.

Europe was the largest region in the services procurement market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the services procurement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the services procurement market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Services procurement involves acquiring services from external vendors or service providers to fulfill the needs of an organization, encompassing the acquisition of non-physical, intangible resources to achieve organizational objectives.

The primary components of services procurement include transaction management, strategic sourcing, process management, spend management, contract management, and category management. Transaction management involves maintaining consistency and integrity in databases during concurrent transactions. Deployment modes can include both on-premise and cloud solutions tailored to organizations of varying sizes, from small and medium-sized enterprises (SMEs) to large enterprises. Services procurement finds applications across various industry verticals including banking, financial services and insurance (BFSI), information technology (IT) and telecommunications, manufacturing, retail and consumer goods, government, healthcare and life sciences, transportation and logistics, energy and utilities, among others.

The services procurement market research report is one of a series of new reports that provides services procurement market statistics, including the services procurement industry global market size, regional shares, competitors with services procurement market share, detailed services procurement market segments, market trends, and opportunities, and any further data you may need to thrive in the services procurement industry. This services procurement market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The services procurement market includes revenues earned by entities by providing services such as vendor management, sourcing and supplier selection, contract management, procurement process optimization, compliance and risk management, performance monitoring and evaluation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.

Table of Contents

1. Executive Summary2. Services Procurement Market Characteristics3. Services Procurement Market Trends and Strategies4. Services Procurement Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market
5. Global Services Procurement Growth Analysis and Strategic Analysis Framework
5.1. Global Services Procurement PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis of End Use Industries
5.3. Global Services Procurement Market Growth Rate Analysis
5.4. Global Services Procurement Historic Market Size and Growth, 2019-2024, Value ($ Billion)
5.5. Global Services Procurement Forecast Market Size and Growth, 2024-2029, 2034F, Value ($ Billion)
5.6. Global Services Procurement Total Addressable Market (TAM)
6. Services Procurement Market Segmentation
6.1. Global Services Procurement Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Transaction Management
  • Strategic Sourcing
  • Process Management
  • Spend Management
  • Contract Management
  • Category Management
6.2. Global Services Procurement Market, Segmentation by Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • On-Premises
  • Cloud
6.3. Global Services Procurement Market, Segmentation by Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises
6.4. Global Services Procurement Market, Segmentation by Industry Vertical, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Banking, Financial Services and Insurance (BFSI)
  • Information Technology (IT) and Telecommunications
  • Manufacturing
  • Retail and Consumer Goods
  • Government
  • Healthcare and Life Sciences
  • Transportation and Logistics
  • Energy and Utilities
  • Other Industry Verticals
6.5. Global Services Procurement Market, Sub-Segmentation of Transaction Management, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Purchase Order Management
  • Invoice Management
  • Supplier Invoice Processing
6.6. Global Services Procurement Market, Sub-Segmentation of Strategic Sourcing, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Supplier Discovery
  • Sourcing Optimization
  • Supplier Risk Management
6.7. Global Services Procurement Market, Sub-Segmentation of Process Management, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Workflow Automation
  • Approval Management
  • Order Fulfillment
6.8. Global Services Procurement Market, Sub-Segmentation of Spend Management, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Spend Analytics
  • Spend Visibility
  • Cost Optimization
6.9. Global Services Procurement Market, Sub-Segmentation of Contract Management, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Contract Creation and Negotiation
  • Contract Execution and Compliance
  • Contract Renewal and Termination
6.10. Global Services Procurement Market, Sub-Segmentation of Category Management, by Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Category Strategy Development
  • Supplier Performance Management
  • Category Performance Analysis
7. Services Procurement Market Regional and Country Analysis
7.1. Global Services Procurement Market, Split by Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Services Procurement Market, Split by Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8. Asia-Pacific Services Procurement Market
8.1. Asia-Pacific Services Procurement Market Overview
  • Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Services Procurement Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Services Procurement Market, Segmentation by Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Services Procurement Market, Segmentation by Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
9. China Services Procurement Market
9.1. China Services Procurement Market Overview
9.2. China Services Procurement Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Services Procurement Market, Segmentation by Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Services Procurement Market, Segmentation by Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
10. India Services Procurement Market
10.1. India Services Procurement Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Services Procurement Market, Segmentation by Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Services Procurement Market, Segmentation by Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11. Japan Services Procurement Market
11.1. Japan Services Procurement Market Overview
11.2. Japan Services Procurement Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Services Procurement Market, Segmentation by Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Services Procurement Market, Segmentation by Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12. Australia Services Procurement Market
12.1. Australia Services Procurement Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Services Procurement Market, Segmentation by Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Services Procurement Market, Segmentation by Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13. Indonesia Services Procurement Market
13.1. Indonesia Services Procurement Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Services Procurement Market, Segmentation by Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Services Procurement Market, Segmentation by Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14. South Korea Services Procurement Market
14.1. South Korea Services Procurement Market Overview
14.2. South Korea Services Procurement Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Services Procurement Market, Segmentation by Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Services Procurement Market, Segmentation by Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15. Western Europe Services Procurement Market
15.1. Western Europe Services Procurement Market Overview
15.2. Western Europe Services Procurement Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Services Procurement Market, Segmentation by Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Services Procurement Market, Segmentation by Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16. UK Services Procurement Market
16.1. UK Services Procurement Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Services Procurement Market, Segmentation by Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Services Procurement Market, Segmentation by Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17. Germany Services Procurement Market
17.1. Germany Services Procurement Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Services Procurement Market, Segmentation by Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Services Procurement Market, Segmentation by Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18. France Services Procurement Market
18.1. France Services Procurement Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Services Procurement Market, Segmentation by Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Services Procurement Market, Segmentation by Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19. Italy Services Procurement Market
19.1. Italy Services Procurement Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Services Procurement Market, Segmentation by Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Services Procurement Market, Segmentation by Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20. Spain Services Procurement Market
20.1. Spain Services Procurement Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Services Procurement Market, Segmentation by Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Services Procurement Market, Segmentation by Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21. Eastern Europe Services Procurement Market
21.1. Eastern Europe Services Procurement Market Overview
21.2. Eastern Europe Services Procurement Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Services Procurement Market, Segmentation by Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Services Procurement Market, Segmentation by Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22. Russia Services Procurement Market
22.1. Russia Services Procurement Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Services Procurement Market, Segmentation by Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Services Procurement Market, Segmentation by Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23. North America Services Procurement Market
23.1. North America Services Procurement Market Overview
23.2. North America Services Procurement Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Services Procurement Market, Segmentation by Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Services Procurement Market, Segmentation by Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24. USA Services Procurement Market
24.1. USA Services Procurement Market Overview
24.2. USA Services Procurement Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Services Procurement Market, Segmentation by Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Services Procurement Market, Segmentation by Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25. Canada Services Procurement Market
25.1. Canada Services Procurement Market Overview
25.2. Canada Services Procurement Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Services Procurement Market, Segmentation by Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Services Procurement Market, Segmentation by Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26. South America Services Procurement Market
26.1. South America Services Procurement Market Overview
26.2. South America Services Procurement Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Services Procurement Market, Segmentation by Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Services Procurement Market, Segmentation by Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27. Brazil Services Procurement Market
27.1. Brazil Services Procurement Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Services Procurement Market, Segmentation by Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Services Procurement Market, Segmentation by Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28. Middle East Services Procurement Market
28.1. Middle East Services Procurement Market Overview
28.2. Middle East Services Procurement Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Services Procurement Market, Segmentation by Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Services Procurement Market, Segmentation by Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29. Africa Services Procurement Market
29.1. Africa Services Procurement Market Overview
29.2. Africa Services Procurement Market, Segmentation by Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Services Procurement Market, Segmentation by Deployment Mode, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Services Procurement Market, Segmentation by Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
30. Services Procurement Market Competitive Landscape and Company Profiles
30.1. Services Procurement Market Competitive Landscape
30.2. Services Procurement Market Company Profiles
30.2.1. Amazon.com Inc. Overview, Products and Services, Strategy and Financial Analysis
30.2.2. Accenture PLC Overview, Products and Services, Strategy and Financial Analysis
30.2.3. International Business Machines Corporation Overview, Products and Services, Strategy and Financial Analysis
30.2.4. Cisco Systems Inc. Overview, Products and Services, Strategy and Financial Analysis
30.2.5. Oracle Corporation Overview, Products and Services, Strategy and Financial Analysis
31. Services Procurement Market Other Major and Innovative Companies
31.1. SAP Fieldglass
31.2. Tata Consultancy Services Limited
31.3. Capgemini SE
31.4. Infosys Limited
31.5. HCL Technologies Limited
31.6. Wipro Limited
31.7. Palo Alto Networks Inc.
31.8. Juniper Networks Inc.
31.9. Bain & Company Inc.
31.10. Genpact Limited
31.11. GEP Solutions Pvt. Ltd.
31.12. WNS (Holdings) Limited
31.13. Coupa Software Incorporated
31.14. Upwork Global Inc.
31.15. PRO Unlimited Inc.
32. Global Services Procurement Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Services Procurement Market34. Recent Developments in the Services Procurement Market
35. Services Procurement Market High Potential Countries, Segments and Strategies
35.1 Services Procurement Market in 2029 - Countries Offering Most New Opportunities
35.2 Services Procurement Market in 2029 - Segments Offering Most New Opportunities
35.3 Services Procurement Market in 2029 - Growth Strategies
35.3.1 Market Trend Based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Services Procurement Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on services procurement market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
  • Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Description

Where is the largest and fastest growing market for services procurement ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The services procurement market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include: the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Component: Transaction Management; Strategic Sourcing; Process Management; Spend Management; Contract Management; Category Management
2) By Deployment Mode: on-Premises; Cloud
3) By Organization Size: Small and Medium-sized Enterprises (SMEs); Large Enterprises
4) By Industry Vertical: Banking, Financial Services and Insurance (BFSI); Information Technology (IT) And Telecommunications; Manufacturing; Retail and Consumer Goods; Government; Healthcare and Life Sciences; Transportation and Logistics; Energy and Utilities; Other Industry Verticals

Subsegments:

1) By Transaction Management: Purchase Order Management; Invoice Management; Supplier Invoice Processing
2) By Strategic Sourcing: Supplier Discovery; Sourcing Optimization; Supplier Risk Management
3) By Process Management: Workflow Automation; Approval Management; Order Fulfillment
4) By Spend Management: Spend Analytics; Spend Visibility; Cost Optimization
5) By Contract Management: Contract Creation and Negotiation; Contract Execution and Compliance; Contract Renewal and Termination
6) By Category Management: Category Strategy Development; Supplier Performance Management; Category Performance Analysis

Key Companies Mentioned: Amazon.com Inc.; Accenture plc; International Business Machines Corporation; Cisco Systems Inc.; Oracle Corporation

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

The major companies featured in this Services Procurement market report include:
  • Amazon.com Inc.
  • Accenture plc
  • International Business Machines Corporation
  • Cisco Systems Inc.
  • Oracle Corporation
  • SAP Fieldglass
  • Tata Consultancy Services Limited
  • Capgemini SE
  • Infosys Limited
  • HCL Technologies Limited
  • Wipro Limited
  • Palo Alto Networks Inc.
  • Juniper Networks Inc.
  • Bain & Company Inc.
  • Genpact Limited
  • GEP Solutions Pvt. Ltd.
  • WNS (Holdings) Limited
  • Coupa Software Incorporated
  • Upwork Global Inc.
  • PRO Unlimited Inc.
  • Zycus Inc.
  • Field Nation LLC
  • JAGGAER Inc.
  • WorkMarket Inc.
  • Beeline B.V.

Table Information