The Procurement As a Service Market was valued at USD 7.19 Billion in 2025 and is projected to reach USD 15.49 Billion by 2033, growing at a CAGR of 10.08% from 2026-2033. Factors driving growth include digital procurement platforms, automation, and advanced analytics in companies.

In the U.S., the Procurement As a Service Market size was USD 1.82 Billion in 2025 and is expected to reach USD 3.85 Billion by 2033, with a CAGR of 9.84% over 2026-2033. Cloud adoption, digital infrastructure, and demand for AI-driven procurement solutions are key market drivers.

Strategic Sourcing led the market in 2025 with a share of 31.09%, while Transactions Management is the fastest-growing segment with a CAGR of 10.54%. Cloud-Based deployment mode dominated the market with a share of 73.40% in 2025 and a CAGR of 12.50%.

Large Enterprises dominated the market in 2025 with a share of 60.40%, while SMEs are the fastest-growing segment with a CAGR of 10.04%. Manufacturing led the market in 2025 with a share of 24.30%, while Healthcare is the fastest-growing segment with a CAGR of 11.80%.

North America holds the largest market share in the Procurement as a Service industry, accounting for 35.06% in 2025. Asia Pacific is the fastest-growing region in the market, projected to expand at a CAGR of 11.50% due to digital transformation and high cloud adoption.

Recent developments include Accenture acquiring Insight Sourcing in February 2024 and Infosys launching “Restart with Infosys” in September 2024 to support ESG initiatives. SNS Insider offers exclusive sections in the report such as Supplier Ecosystem Metrics, Contract Intelligence Index, Sustainable Procurement & ESG Compliance Tracker, Automation & AI Adoption Rate, and Performance Optimization Insights.

Read more at GlobeNewswire: Procurement as a Service Market to Surpass USD 15.49