Procurement As A Service Market Size

Procurement as a Service Market size was valued at USD 6.88 billion in 2024 and is set to exceed USD 25.19 billion by 2037, registering over 10.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of procurement as a service is evaluated at USD 7.46 billion.

During the COVID-19 pandemic, the need for remote working policies contributed to the growth of the global remote access solution and automated solutions industry, including procurement services and solutions. This in turn fuelled the demand for the procurement as a service market. According to the U.S. Census Bureau, 5.7% of US workers were working from home in 2019, prior to the COVID-19 pandemic. In two years, however, this figure increased to 17.9% on the back of nearly 19 million new jobs.