Procurement as a Service Market Size, Share & Trends Forecast by 2033

Research Methodology – Procurement as a Service Market

At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the Procurement as a Service Market comprises the following key stages:

Market Indicator & Macro-Factor Analysis

Our baseline thesis for the Procurement as a Service Market is developed by integrating key market indicators and macroeconomic variables. These include:

Factors considered while calculating market size and share

The total number of potential customers in the target market.
Current and potential rate of demand in the market.
The purchasing power of the customers in the market.
The total sales of competitors in the market.
The frequency, value and volume of orders in the market.
The pricing strategy of the competitors and its impact on market share.
Investments and expansions plan in the procurement service sector.
Industry verticals adopting procurement as a service model.

Key Market Indicators

Growth in the total number of outsourcing services in the procurement field.
Increasing or decreasing trend in the use of procurement as a service model.
Change in the market share of key players in the market.
Trends in the technological advancements and innovations applied in procurement services.
Trends in mergers, acquisitions, partnerships & collaborations.
Trends in government regulations and policy changes impacting procurement as a service.

Growth Trends

The rising trend of cloud-based solutions.
Growth in the adoption of procurement as a service model by small and medium enterprises.
Increasing trend of integrating AI and data analytics in procurement services.
Inclination towards strategic sourcing and category expertise.
Increase in process automation and digital transformation in procurement.
Trends in spend visibility and control mechanisms.

Secondary Research

Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the Procurement as a Service Market. Key inputs include:

Company-Level Information

Annual reports, investor presentations, SEC filings
Company press releases and product launch announcements
Public executive interviews and earnings calls
Strategy briefings and M&A updates

Industry and Government Sources

Country-level industry associations and trade bodies
Government dossiers, policy frameworks, and official releases
Whitepapers, working papers, and public R&D initiatives
Relevant Associations for the Procurement as a Service Market

Market Intelligence Sources

Broker reports and financial analyst coverage
Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
Import/export trade data and tariff databases
Sector-specific journals, magazines, and news portals

Macro & Consumer Insights

Global macroeconomic indicators and their cascading effect on the industry
Demand–supply outlook and value chain analysis
Consumer behaviour, adoption rates, and commercialization trends

Primary Research

To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:

Expert Insights & KOL Engagements

Key Opinion Leader (KOL) Engagements
Structured interviews with executives, product managers, and domain experts
Paid and barter-based interviews across manufacturers, distributors, and end-users

Focused Discussions & Panels

Discussions with stakeholders to validate demand-supply gaps
Group discussions on emerging technologies, regulatory shifts, and adoption barriers

Data Validation & Business POV

Cross-verification of market sizing and forecasts with industry insiders
Capturing business perspectives on growth opportunities and restraints

Data Triangulation & Forecasting

The final step of our research involves data triangulation ensuring accuracy through cross-verification of:

Demand-side analysis (consumption patterns, adoption trends, customer spending)
Supply-side analysis (production, capacity, distribution, and market availability)
Macroeconomic & microeconomic impact factors

Forecasting is carried out using proprietary models that combine: