siliconindia | | DECEMBER 20234A Smart Partner of BusinessesToday, economy and business landscape has evolved manifolds on the back of advancing technology trends and digital transformation wave. Well, Procurement having a lot to do with business operations, significantly impacts businesses across diverse industries acting under three heads practically- internal procurement, external procurement, and supply chain management.Technology is playing an effective role here in helping firms carry out their sourcing and procurement tasks while keeping track of their payments and purchases, and thus procurement as a service market is traction globally. According to Grand View Research market, the global Procurement As a Service (PaaS) market size was valued at $6.15 billion in 2022 and is projected to grow expansively, exhibiting over 11.1 percent CAGR during 2023 to 2030. With increasing digitization of business operations as many enterprises and organizations have been undertaking extensive initiatives to digitalize their workflow turning to advanced technologies such as big data analytics, artificial intelligence (AI), and machine learning, PaaS market also burgeoning. Arguing their efficiency, there are many PaaS players exercising in the market now. The infrastructure and software tools they leverage to develop and deploy applications, and enhance the procurement process is the game-changer. It may not be easy to go after a single Procurement Solutions Provider, choosing from a gamut of Procurement Solutions Provider companies who could proficiently help with end-to-end procurement stages right from sourcing, negotiation, to purchasing of goods. Our current edition, `10 Most Promising Procurement Solution Providers ­ 2023' may resolve that for you. The list features some of the leaders in the market who have displayed their expertise offering extensive PaaS solutions to clients countrywide. Read to know more about them.Do let us know what you think!Mandvi SinghAssistant Managing Editoreditor@siliconindia.com Publisher & Managing EditorAssistant Managing EditorAssociate EditorAlok ChaturvediMandvi SinghIndranil ChakrabortyVol 10 · Issue 08 - 02 · DECEMBER, 2023Editorial TeamHima P. MP. Tejaswini Roshan AktharManager - DesignPrabhu Dutta A.R.N RayArt ManagerSuanya Chakraborty Designers Mrigank SharmaVayshnavi PdGM- Sales & MarketingShashi RanjanAdvertising Manager Bhavani N B advertise@siliconindia.comEditorial Querieseditor@siliconindia.comCirculation Manager Magendran PerumalTo subscribeVisit: https://www.siliconindia.com/subscribe/or send email to subscription@siliconindia.comMagazine Price is Rs. 150 per issuePrinted and Published By Alok Chaturvedi on behalf of Silicon Media Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Publisher Alok ChaturvediCopyright © 2023 Silicon Media Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.siliconindiaEditorial
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