The Procurement as a Service Market estimation indicates that the sector is entering a period of unprecedented expansion, driven by increased digital adoption, global outsourcing trends, and the integration of artificial intelligence. Companies today recognize that procurement is no longer just a cost center—it’s a value driver that contributes to innovation, risk reduction, and sustainability.

The Global Procurement as a Service Market is projected to grow from 7.56 USD Billion in 2024 to 21.41 USD Billion by 2035. This forecast demonstrates the rising need for adaptable, efficient, and data-driven procurement solutions that align with modern business models.

Market was estimated at 280418.34 USD Million in 2024. The Generative AI in Media and Entertainment industry is projected to grow from 401615.8 USD Million in 2025 to 14583256.57 USD Million by 2035. This inter-industry momentum highlights how digital intelligence is influencing operational frameworks across multiple sectors.

Market estimations reveal that AI, predictive analytics, and robotic process automation are key forces shaping the future of procurement. These technologies enhance accuracy, eliminate manual inefficiencies, and deliver greater visibility into spending.

Vendors are increasingly offering customizable procurement services designed to meet specific business objectives, from category management to supplier onboarding and risk mitigation. Additionally, organizations are exploring sustainable sourcing as a core part of corporate responsibility initiatives, integrating environmental and ethical metrics into procurement decision-making.

Geographically, the global market shows strong momentum in North America and Europe, while Asia-Pacific is poised to experience rapid adoption. The rising preference for cloud platforms and the need for cost optimization are expected to further strengthen the procurement-as-a-service ecosystem.

More Reports:

About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.