The global Procurement as a Service market was valued at a substantial USD 6.45 billion in 2024. This figure is projected to rise to USD 6.98 billion in 2025, indicating robust immediate growth. Looking further, the market is set to nearly double, reaching an estimated USD 12.76 billion by 2032. This phenomenal trajectory is supported by a solid Compound Annual Growth Rate (CAGR) of 8.78% from 2025 to 2032. This growth is a clear reflection of the increasing reliance of US enterprises—from multinational corporations to scaling mid-market firms—on external expertise to navigate procurement complexities.
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