Procurement As A Service Market
Description
Procurement As A Service Market Summary
The global procurement as a service market size was estimated at USD 7.43 billion in 2025 and is projected to reach USD 16.48 billion by 2033, growing at a CAGR of 10.8% from 2026 to 2033. This is due to enterprises’ increasing focus on cost optimization, operational efficiency, and strategic sourcing amid volatile macroeconomic conditions.
Organizations across industries are under sustained pressure to reduce procurement spend, improve supplier negotiations, and enhance compliance, while managing complex, globalized supply chains. By outsourcing procurement functions to specialized service providers, enterprises gain access to standardized processes, category expertise, and scalable operating models without the fixed costs associated with in-house procurement teams, making PaaS particularly attractive to mid-sized enterprises and cost-conscious large organizations.
Moreover, the rising complexity of supplier ecosystems and the need for risk mitigation and resilience contribute to the growth of the procurement as a service industry. Geopolitical tensions, trade policy changes, supply disruptions, and sustainability mandates have exposed vulnerabilities in traditional procurement models. PaaS providers offer advanced supplier risk management, multi-vendor sourcing strategies, and real-time visibility across procurement workflows, enabling organizations to respond more effectively to disruptions. This is increasingly critical for industries such as manufacturing, BFSI, healthcare, and energy, where supply continuity and regulatory compliance are business-critical.
The accelerated adoption of digital procurement technologies is also fueling market growth. PaaS offerings are increasingly bundled with cloud-based platforms, AI-driven spend analytics, robotic process automation (RPA), and contract lifecycle management tools. These technologies enable data-driven decision-making, demand forecasting, and automated transactional procurement, improving cycle times and reducing errors. Enterprises lacking internal digital procurement capabilities are turning to PaaS providers to rapidly modernize procurement operations without significant upfront technology investments.
According to the Hackett Group’s April 2025 survey findings, procurement players expect AI to transform procurement roles is relevant to the Procurement as a Service (PaaS) market, as it highlights accelerating demand for AI-enabled, automated, and data-driven procurement capabilities. The insight reflects the technology expectations driving enterprises to adopt PaaS models, where service providers deliver advanced AI, analytics, and automation that many organizations cannot efficiently build in-house. This trend is reinforced by 2024 adoption patterns, where nearly half of procurement teams piloted generative AI, achieving up to 10% gains in productivity, quality, and cost savings, alongside growing use of embedded AI tools within procurement platforms, strengthening demand for technology-enabled, service-led procurement models.
Global Procurement As A Service Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the procurement as a service market report based on component, enterprise size, vertical, and region.
The global procurement as a service market size was estimated at USD 7.43 billion in 2025 and is projected to reach USD 16.48 billion by 2033, growing at a CAGR of 10.8% from 2026 to 2033. This is due to enterprises’ increasing focus on cost optimization, operational efficiency, and strategic sourcing amid volatile macroeconomic conditions.
Organizations across industries are under sustained pressure to reduce procurement spend, improve supplier negotiations, and enhance compliance, while managing complex, globalized supply chains. By outsourcing procurement functions to specialized service providers, enterprises gain access to standardized processes, category expertise, and scalable operating models without the fixed costs associated with in-house procurement teams, making PaaS particularly attractive to mid-sized enterprises and cost-conscious large organizations.
Moreover, the rising complexity of supplier ecosystems and the need for risk mitigation and resilience contribute to the growth of the procurement as a service industry. Geopolitical tensions, trade policy changes, supply disruptions, and sustainability mandates have exposed vulnerabilities in traditional procurement models. PaaS providers offer advanced supplier risk management, multi-vendor sourcing strategies, and real-time visibility across procurement workflows, enabling organizations to respond more effectively to disruptions. This is increasingly critical for industries such as manufacturing, BFSI, healthcare, and energy, where supply continuity and regulatory compliance are business-critical.
The accelerated adoption of digital procurement technologies is also fueling market growth. PaaS offerings are increasingly bundled with cloud-based platforms, AI-driven spend analytics, robotic process automation (RPA), and contract lifecycle management tools. These technologies enable data-driven decision-making, demand forecasting, and automated transactional procurement, improving cycle times and reducing errors. Enterprises lacking internal digital procurement capabilities are turning to PaaS providers to rapidly modernize procurement operations without significant upfront technology investments.
According to the Hackett Group’s April 2025 survey findings, procurement players expect AI to transform procurement roles is relevant to the Procurement as a Service (PaaS) market, as it highlights accelerating demand for AI-enabled, automated, and data-driven procurement capabilities. The insight reflects the technology expectations driving enterprises to adopt PaaS models, where service providers deliver advanced AI, analytics, and automation that many organizations cannot efficiently build in-house. This trend is reinforced by 2024 adoption patterns, where nearly half of procurement teams piloted generative AI, achieving up to 10% gains in productivity, quality, and cost savings, alongside growing use of embedded AI tools within procurement platforms, strengthening demand for technology-enabled, service-led procurement models.
Global Procurement As A Service Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the procurement as a service market report based on component, enterprise size, vertical, and region.
- Component Outlook (Revenue, USD Billion, 2021 - 2033)
- Strategic Sourcing
- Spend Management
- Process Management
- Category Management
- Contract Management
- Transaction Management
- Enterprise Size Outlook (Revenue, USD Billion, 2021 - 2033)
- Large Enterprises
- SMEs
- Vertical Outlook (Revenue, USD Billion, 2021 - 2033)
- BFSI
- Manufacturing
- Retail
- IT & Telecom
- Healthcare
- Others
- Regional Outlook (Revenue, USD Billion, 2021 - 2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Brazil
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
Table of Contents
120 Pages
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Product
- 1.2.2. Spinal Region
- 1.2.3. Application
- 1.2.4. End Use
- 1.3. Estimates and Forecast Timeline
- 1.4. Research Methodology
- 1.5. Information Procurement
- 1.5.1. Purchased Database
- 1.5.2. GVR’s Internal Database
- 1.5.3. Secondary Sources
- 1.5.4. Primary Research
- 1.6. Information Analysis
- 1.6.1. Data Analysis Models
- 1.7. Market Formulation & Data Visualization
- 1.8. Model Details
- 1.8.1. Commodity Flow Analysis
- 1.9. List of Secondary Sources
- 1.10. Objectives
- Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
- Chapter 3. Spinal Imaging Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.3. Business Environment Analysis
- 3.3.1. Industry Analysis - Porter’s Five Forces Analysis
- 3.3.1.1. Supplier Power
- 3.3.1.2. Buyer Power
- 3.3.1.3. Substitution Threat
- 3.3.1.4. Threat of New Entrants
- 3.3.1.5. Competitive Rivalry
- 3.3.2. PESTLE Analysis
- Chapter 4. Spinal Imaging Market: Product Business Analysis
- 4.1. Product Market Share, 2025 & 2033
- 4.2. Product Segment Dashboard
- 4.3. Market Size & Forecasts and Trend Analysis, by Product, 2021 to 2033 (USD Million)
- 4.4. X-ray
- 4.4.1. X-ray Market, 2021 - 2033 (USD Million)
- 4.5. CT
- 4.5.1. CT Market, 2021 - 2033 (USD Million)
- 4.6. MRI
- 4.6.1. MRI Market, 2021 - 2033 (USD Million)
- Chapter 5. Spinal Imaging Market: Spinal Region Business Analysis
- 5.1. Cervical
- 5.1.1. Market, 2021 - 2033 (USD Million)
- 5.2. Thoracic
- 5.2.1. Thoracic Market, 2021 - 2033 (USD Million)
- 5.3. Lumbar
- 5.3.1. Lumbar Market, 2021 - 2033 (USD Million)
- 5.4. Sacral
- 5.4.1. Sacral Market, 2021 - 2033 (USD Million)
- 5.5. Whole Spinal Imaging
- 5.5.1. Whole Spinal Imaging Market, 2021 - 2033 (USD Million)
- Chapter 6. Spinal Imaging Market: Application Business Analysis
- 6.1. Application Market Share, 2025 & 2033
- 6.2. Application Segment Dashboard
- 6.3. Market Size & Forecasts and Trend Analysis, by Application, 2021 to 2033 (USD Million)
- 6.4. Trauma & Emergency
- 6.4.1. Trauma & Emergency Market, 2021 - 2033 (USD Million)
- 6.5. Degenerative & Pain-related Disorders
- 6.5.1. Degenerative & Pain-related Disorders Market, 2021 - 2033 (USD Million)
- 6.6. Deformity
- 6.6.1. Deformity Market, 2021 - 2033 (USD Million)
- 6.7. Oncology & Infection
- 6.7.1. Oncology & Infection Market, 2021 - 2033 (USD Million)
- 6.8. Post-operative Follow-up
- 6.8.1. Post-operative Follow Market, 2021 - 2033 (USD Million)
- 6.9. Others
- 6.9.1. Others Market, 2021 - 2033 (USD Million)
- Chapter 7. Spinal Imaging Market: End Use Business Analysis
- 7.1. End Use Market Share, 2025 & 2033
- 7.2. End Use Segment Dashboard
- 7.3. Market Size & Forecasts and Trend Analysis, by End Use, 2021 to 2033 (USD Million)
- 7.4. Hospitals
- 7.4.1. Hospitals Market, 2021 - 2033 (USD Million)
- 7.5. Diagnostic Imaging Centers
- 7.5.1. Diagnostic Imaging Centers Market, 2021 - 2033 (USD Million)
- 7.6. Speciality Clinics
- 7.6.1. Speciality Clinics Market, 2021 - 2033 (USD Million)
- Chapter 8. Spinal Imaging Market: Regional Estimates & Trend Analysis
- 8.1. Regional Market Share Analysis, 2025 & 2033
- 8.2. Regional Market Dashboard
- 8.3. Market Size & Forecasts Trend Analysis, 2021 to 2033
- 8.4. North America
- 8.4.1. North America Spinal Imaging Market Estimates and Forecasts, By Country, 2021 - 2033 (USD Million)
- 8.4.2. U.S.
- 8.4.2.1. Key Country Dynamics
- 8.4.2.2. Regulatory Framework
- 8.4.2.3. U.S. Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.4.3. Canada
- 8.4.3.1. Key Country Dynamics
- 8.4.3.2. Regulatory Framework
- 8.4.3.3. U.S. Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.4.4. Mexico
- 8.4.4.1. Key Country Dynamics
- 8.4.4.2. Regulatory Framework
- 8.4.4.3. Mexico Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.5. Europe
- 8.5.1. Europe Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.5.2. UK
- 8.5.2.1. Key Country Dynamics
- 8.5.2.2. Regulatory Framework
- 8.5.2.3. UK Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.5.3. Germany
- 8.5.3.1. Key Country Dynamics
- 8.5.3.2. Regulatory Framework
- 8.5.3.3. Germany Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.5.4. France
- 8.5.4.1. Key Country Dynamics
- 8.5.4.2. Regulatory Framework
- 8.5.4.3. France Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.5.5. Italy
- 8.5.5.1. Key Country Dynamics
- 8.5.5.2. Regulatory Framework
- 8.5.5.3. Italy Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.5.6. Spain
- 8.5.6.1. Key Country Dynamics
- 8.5.6.2. Regulatory Framework
- 8.5.6.3. Spain Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.5.7. Denmark
- 8.5.7.1. Key Country Dynamics
- 8.5.7.2. Regulatory Framework
- 8.5.7.3. Denmark Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.5.8. Sweden
- 8.5.8.1. Key Country Dynamics
- 8.5.8.2. Regulatory Framework
- 8.5.8.3. Sweden Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.5.9. Norway
- 8.5.9.1. Key Country Dynamics
- 8.5.9.2. Regulatory Framework
- 8.5.9.3. Norway Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.6. Asia Pacific
- 8.6.1. Asia Pacific Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.6.2. Japan
- 8.6.2.1. Key Country Dynamics
- 8.6.2.2. Regulatory Framework
- 8.6.2.3. Japan Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.6.3. China
- 8.6.3.1. Key Country Dynamics
- 8.6.3.2. Regulatory Framework
- 8.6.3.3. China Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.6.4. India
- 8.6.4.1. Key Country Dynamics
- 8.6.4.2. Regulatory Framework
- 8.6.4.3. India Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.6.5. Australia
- 8.6.5.1. Key Country Dynamics
- 8.6.5.2. Regulatory Framework
- 8.6.5.3. Australia Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.6.6. South Korea
- 8.6.6.1. Key Country Dynamics
- 8.6.6.2. Regulatory Framework
- 8.6.6.3. South Korea Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.6.7. Thailand
- 8.6.7.1. Key Country Dynamics
- 8.6.7.2. Type Disease Prevalence
- 8.6.7.3. Regulatory Framework
- 8.6.7.4. Thailand Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.7. Latin America
- 8.7.1. Latin America Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.7.2. Brazil
- 8.7.2.1. Key Country Dynamics
- 8.7.2.2. Regulatory Framework
- 8.7.2.3. Japan Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.7.3. Argentina
- 8.7.3.1. Key Country Dynamics
- 8.7.3.2. Regulatory Framework
- 8.7.3.3. China Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.8. Middle East and Africa
- 8.8.1. Middle East and Africa Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.8.2. South Africa
- 8.8.2.1. Key Country Dynamics
- 8.8.2.2. Regulatory Framework
- 8.8.2.3. South Africa Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.8.3. Saudi Arabia
- 8.8.3.1. Key Country Dynamics
- 8.8.3.2. Regulatory Framework
- 8.8.3.3. Saudi Arabia Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.8.4. UAE
- 8.8.4.1. Key Country Dynamics
- 8.8.4.2. Regulatory Framework
- 8.8.4.3. UAE Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 8.8.5. Kuwait
- 8.8.5.1. Key Country Dynamics
- 8.8.5.2. Regulatory Framework
- 8.8.5.3. Kuwait Spinal Imaging Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- Chapter 9. Competitive Landscape
- 9.1. Participant Overview
- 9.2. Company Market Position Analysis
- 9.3. Company Categorization
- 9.4. Strategy Mapping
- 9.5. Company Profiles/Listing
- 9.5.1. GE HealthCare
- 9.5.1.1. Overview
- 9.5.1.2. Financial Performance
- 9.5.1.3. Product Benchmarking
- 9.5.1.4. Strategic Initiatives
- 9.5.2. Koninklijke Philips N.V.
- 9.5.2.1. Overview
- 9.5.2.2. Financial Performance
- 9.5.2.3. Product Benchmarking
- 9.5.2.4. Strategic Initiatives
- 9.5.3. Siemens Healthineers AG
- 9.5.3.1. Overview
- 9.5.3.2. Financial Performance
- 9.5.3.3. Product Benchmarking
- 9.5.3.4. Strategic Initiatives
- 9.5.4. Canon Medical Systems Corporation
- 9.5.4.1. Overview
- 9.5.4.2. Financial Performance
- 9.5.4.3. Product Benchmarking
- 9.5.4.4. Strategic Initiatives
- 9.5.5. Bruker
- 9.5.5.1. Overview
- 9.5.5.2. Financial Performance
- 9.5.5.3. Product Benchmarking
- 9.5.5.4. Strategic Initiatives
- 9.5.6. Mediso Ltd.
- 9.5.6.1. Overview
- 9.5.6.2. Financial Performance
- 9.5.6.3. Product Benchmarking
- 9.5.6.4. Strategic Initiatives
- 9.5.7. Shimadzu Corporation
- 9.5.7.1. Overview
- 9.5.7.2. Financial Performance
- 9.5.7.3. Product Benchmarking
- 9.5.7.4. Strategic Initiatives
- 9.5.8. FUJIFILM
- 9.5.8.1. Overview
- 9.5.8.2. Financial Performance
- 9.5.8.3. Product Benchmarking
- 9.5.8.4. Strategic Initiatives
- 9.5.9. Hitachi, Ltd.
- 9.5.9.1. Overview
- 9.5.9.2. Financial Performance
- 9.5.9.3. Product Benchmarking
- 9.5.9.4. Strategic Initiatives
- 9.5.10. Toshiba Medical Systems, Inc.
- 9.5.10.1. Overview
- 9.5.10.2. Financial Performance
- 9.5.10.3. Product Benchmarking
- 9.5.10.4. Strategic Initiative
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