Product Code: ETC5486000 | Publication Date: Nov 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The procurement as a service market in Finland is expanding as organizations seek cost-effective, flexible, and efficient ways to manage their procurement activities. Outsourcing procurement functions to specialized service providers allows businesses to focus on core competencies while leveraging the expertise and resources of external providers. The growing trend toward cloud-based services and automation is driving the demand for procurement-as-a-service solutions in Finland.
The procurement as a service (PaaS) market in Finland is expanding as businesses seek to outsource procurement functions to improve efficiency and reduce operational costs. Companies are adopting PaaS solutions to leverage specialized expertise and advanced technologies like AI and automation for better procurement processes. The growing trend of focusing on core business functions and offloading non-core tasks is also contributing to the markets growth.
The Procurement as a Service market in Finland is challenged by the need for customization in solutions for diverse industries, as one-size-fits-all models are often inadequate. Additionally, concerns about data security, especially regarding sensitive financial and operational information, make companies hesitant to adopt such services. Competition from traditional procurement models and the need for a reliable ROI for outsourcing also add complexity to the market.
Government policies that encourage digital transformation, cost efficiency, and the adoption of cloud-based solutions support the growth of the procurement-as-a-service (PaaS) market in Finland. PaaS solutions enable organizations to streamline procurement processes, reduce operational costs, and improve supply chain efficiency. The Finnish government`s focus on enhancing public sector performance and the increasing adoption of cloud technologies drive demand for PaaS solutions. Additionally, Finlands emphasis on sustainability in supply chains and the use of eco-friendly products supports the growth of procurement-as-a-service platforms that help organizations make responsible purchasing decisions.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Finland Procurement as a Service Market Overview |
3.1 Finland Country Macro Economic Indicators |
3.2 Finland Procurement as a Service Market Revenues & Volume, 2021 & 2031F |
3.3 Finland Procurement as a Service Market - Industry Life Cycle |
3.4 Finland Procurement as a Service Market - Porter's Five Forces |
3.5 Finland Procurement as a Service Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 Finland Procurement as a Service Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
3.7 Finland Procurement as a Service Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Finland Procurement as a Service Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Finland Procurement as a Service Market Trends |
6 Finland Procurement as a Service Market Segmentations |
6.1 Finland Procurement as a Service Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Finland Procurement as a Service Market Revenues & Volume, By Strategic Sourcing, 2021-2031F |
6.1.3 Finland Procurement as a Service Market Revenues & Volume, By Spend Management, 2021-2031F |
6.1.4 Finland Procurement as a Service Market Revenues & Volume, By Category Management, 2021-2031F |
6.1.5 Finland Procurement as a Service Market Revenues & Volume, By Process Management, 2021-2031F |
6.1.6 Finland Procurement as a Service Market Revenues & Volume, By Contract Management, 2021-2031F |
6.1.7 Finland Procurement as a Service Market Revenues & Volume, By Transactions Management, 2021-2031F |
6.2 Finland Procurement as a Service Market, By Organization Size |
6.2.1 Overview and Analysis |
6.2.2 Finland Procurement as a Service Market Revenues & Volume, By SMEs, 2021-2031F |
6.2.3 Finland Procurement as a Service Market Revenues & Volume, By Large Enterprises, 2021-2031F |
6.3 Finland Procurement as a Service Market, By Vertical |
6.3.1 Overview and Analysis |
6.3.2 Finland Procurement as a Service Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.3.3 Finland Procurement as a Service Market Revenues & Volume, By Retail and consumer packaged goods, 2021-2031F |
6.3.4 Finland Procurement as a Service Market Revenues & Volume, By Banking, Financial Services, and Insurance (BFSI), 2021-2031F |
6.3.5 Finland Procurement as a Service Market Revenues & Volume, By IT and Telecom, 2021-2031F |
6.3.6 Finland Procurement as a Service Market Revenues & Volume, By Energy and Utilities, 2021-2031F |
6.3.7 Finland Procurement as a Service Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.8 Finland Procurement as a Service Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Finland Procurement as a Service Market Revenues & Volume, By Others, 2021-2031F |
7 Finland Procurement as a Service Market Import-Export Trade Statistics |
7.1 Finland Procurement as a Service Market Export to Major Countries |
7.2 Finland Procurement as a Service Market Imports from Major Countries |
8 Finland Procurement as a Service Market Key Performance Indicators |
9 Finland Procurement as a Service Market - Opportunity Assessment |
9.1 Finland Procurement as a Service Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 Finland Procurement as a Service Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
9.3 Finland Procurement as a Service Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Finland Procurement as a Service Market - Competitive Landscape |
10.1 Finland Procurement as a Service Market Revenue Share, By Companies, 2024 |
10.2 Finland Procurement as a Service Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |