Global Procurement as a Service Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

$ PRICE - $ 3,000.00$ 8,900.00

Procurement as a Service Market: By Component (Category Management, Strategic Sourcing, Spend Management, Process Management, Contract Management and Transactions Management), By Organization Size (Small and Medium-Sized Enterprises  and Large Enterprises), By End User (BFSI, Energy and Utilities, Manufacturing, Retail and Consumer Packaged Goods, IT and Telecom, Travel and Hospitality, Healthcare and Others), and By Geography

 

$ PRICE - $ 3,000.00$ 8,900.00
Clear selection
Clear
$ PRICE - $ 3,000.00$ 8,900.00
FacebookTwitterLinkedinEmail

Report

Description

Procurement as a Service Market size valued at USD 5.28 billion in 2020 and expected to reach USD 8.76 billion by 2027, at a CAGR of 7.5% during the forecast period 2021-2027. The Service Procurement method assists businesses in managing, ensuring supplies, and controlling operational activities. It’s utilized for in-depth analysis, decision-making, and reporting of data generated while taking into account the external workers. It improves employee awareness and allows MSP management to keep track of spending. This service can be used in a variety of banking, financial sectors, and other industries. Various factors are driving the procurement as a service industry, including the increased requirement to manage compliance programs and contracts, as well as the growing demand among businesses to expedite procurement operations. Integration concerns with older systems, on the other hand, may stymie the market’s expansion. In the forecast period of 2020-2027, rising demand among organizations to expedite the procurement process, increasing need for such a service to handle compliance programs and contracts, increasing consumer demand, and growing competition between many enterprises are some of the aspects that will probably support the growth of the procurement as a service market. In contrast, the introduction of machine learning and artificial intelligence, as well as the use of analytical solutions, would provide further potential for the procurement as a service market to grow throughout the projection period. Strategic sourcing aids firms in implementing their sourcing plan more effectively and saving money. Threats such as the COVID-19 outbreak, international political turmoil, or natural calamities can have a long-term influence on businesses in the procurement industry. As a result, sourcing strategy is an important component for all firms. Strategic sourcing aids firms in achieving efficiency and performance goals by conducting in-depth analyses of internal processes, supplier management, and supply markets. Market vendors assist businesses in comprehending the complexities of a commercial transaction setting and tailoring services to meet unique requirements. These customization possibilities will also assist maintain market demand in the future.

Procurement as a Service Market

MARKET SUMMARY
-
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 7.5%
  • Largest Market– Europe
  • Fastest Growing Market– North-America

Procurement as a Service Market

  • The global procurement as a service market report gives a comprehensive outlook on procurement as a service across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa.
  • The report on global procurement as a service market gives historical, current, and future market sizes (US$ Mn) on the basis of component, organization size, end-user, and region.
  • Key stakeholders of the global procurement as a service market report include suppliers, manufacturers, marketers, policymakers, and healthcare service providers engaged in global procurement as a service product.
Key Players
  • Accenture
  • Capgemini
  • CA Technologies
  • GEP
  • Genpact
Procurement as a Service Market

Drivers And Restraints

Some of the key factors boosting the market growth include rising need for procurement processes solutions among enterprises. However, factors such as rising integrity issues along with increasing data security and privacy concerns are expected to hamper the market in the long term. Enterprises are expanding their operations globally to increase their customer base. Procurement has a major role to play in improving the supply chain transparency, accessing supplier innovation, and delivering enterprise-wide cost reduction. The procurement as a service model not only offers flexibility and cost reduction but also offers subject matter expertise to enterprises. Procurement as a service is the way things are headed because this delivery model puts companies in better control. It will potentially make it easier for organizations to handle strategic procurement. Procurement as a profession continues to grow, but only large organizations can afford to invest in all the capabilities procurement has to offer.


North-America got significant share

Procurement as a Service Market

North America accounted for larger revenue share in global procurement as a service market with considerable CAGR. North America is one of the fastest growing regions due to the presence of strong market players and also it is considered to be the early adopter of new technologies. The business enterprises in North America are focusing on enhancing procurement operations which in turn drives the growth of the market.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Findings of the Report

  • Global procurement as a service market expanding at significant CAGR over 2021 to 2027 owing to high adoption of analytics solutions to improve the procurement process
  • Based on organization size, large enterprises segment accounted for larger market revenue share in 2020 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global procurement as a service market

Key

Features of the Report

Procurement as a Service Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

Table of Content

  1. Executive Summary
  2. Global Procurement as a Service Market Introduction
    • Global Procurement as a Service Market – Taxonomy
    • Global Procurement as a Service Market –Definitions
      • Component
      • Organization Size
      • End-User
  1. Global Procurement as a Service Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Procurement as a Service Market Dynamic Factors – Impact Analysis
    • Global Procurement as a Service Market – Competition Landscape
  2. Global Procurement as a Service Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025
    • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Procurement as a Service Market, By Component, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Category Management
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Strategic Sourcing
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Spend Management
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Process Management
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Contract Management
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Transactions Management
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Procurement as a Service Market, By Organization Size, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Small and Medium-Sized Enterprises
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Large Enterprises
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Procurement as a Service Market, By End-User, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • BFSI
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Energy and Utilities
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Manufacturing
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Retail and Consumer Packaged Goods
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • IT and Telecom
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Travel and Hospitality
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Healthcare
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Procurement as a Service Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Procurement as a Service Market – Opportunity Analysis Index, By Component, Application, Component and Region, 2019 – 2025
  2. North America Procurement as a Service Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Component Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Category Management
      • Strategic Sourcing
      • Spend Management
      • Process Management
      • Contract Management
      • Transactions Management
    • Organization Size Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Small and Medium-Sized Enterprises
      • Large Enterprises
    • End-User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • BFSI
      • Energy and Utilities
      • Manufacturing
      • Retail and Consumer Packaged Goods
      • IT and Telecom
      • Travel and Hospitality
      • Healthcare
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US.
      • Canada
    • North America Procurement as a Service Market – Opportunity Analysis Index, By Component, Application, Component and Country, 2019 – 2025
    • North America Procurement as a Service Market Dynamics – Trends
  3. Europe Procurement as a Service Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Component Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Category Management
      • Strategic Sourcing
      • Spend Management
      • Process Management
      • Contract Management
      • Transactions Management
    • Organization Size Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Small and Medium-Sized Enterprises
      • Large Enterprises
    • End-User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • BFSI
      • Energy and Utilities
      • Manufacturing
      • Retail and Consumer Packaged Goods
      • IT and Telecom
      • Travel and Hospitality
      • Healthcare
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Procurement as a Service Market – Opportunity Analysis Index, By Component, Application, Component and Country, 2019 – 2025
    • Europe Procurement as a Service Market Dynamics – Trends
  4. Asia-Pacific Procurement as a Service Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Component Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Category Management
      • Strategic Sourcing
      • Spend Management
      • Process Management
      • Contract Management
      • Transactions Management
    • Organization Size Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Small and Medium-Sized Enterprises
      • Large Enterprises
    • End-User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • BFSI
      • Energy and Utilities
      • Manufacturing
      • Retail and Consumer Packaged Goods
      • IT and Telecom
      • Travel and Hospitality
      • Healthcare
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Procurement as a Service Market – Opportunity Analysis Index, By Component, Application, Component and Country, 2019 – 2025
    • Asia-Pacific Procurement as a Service Market Dynamics – Trends
  5. Latin America Procurement as a Service Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Component Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Category Management
      • Strategic Sourcing
      • Spend Management
      • Process Management
      • Contract Management
      • Transactions Management
    • Organization Size Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Small and Medium-Sized Enterprises
      • Large Enterprises
    • End-User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • BFSI
      • Energy and Utilities
      • Manufacturing
      • Retail and Consumer Packaged Goods
      • IT and Telecom
      • Travel and Hospitality
      • Healthcare
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Procurement as a Service Market – Opportunity Analysis Index, By Component, Application, Component and Country, 2019 – 2025
    • Latin America Procurement as a Service Market Dynamics – Trends
  6. Middle East and Africa Procurement as a Service Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Component Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Category Management
      • Strategic Sourcing
      • Spend Management
      • Process Management
      • Contract Management
      • Transactions Management
    • Organization Size Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Small and Medium-Sized Enterprises
      • Large Enterprises
    • End-User Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • BFSI
      • Energy and Utilities
      • Manufacturing
      • Retail and Consumer Packaged Goods
      • IT and Telecom
      • Travel and Hospitality
      • Healthcare
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Procurement as a Service Market – Opportunity Analysis Index, By Component, Application, Component and Country, 2019 – 2025
    • MEA Procurement as a Service Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Component & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • WNS
      • Wipro
      • Proxima
      • Infosys
      • IBM
      • GEP
      • Genpact
      • Capgemini
      • CA Technologies
      • Accenture
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • WNS
  • Wipro
  • Proxima
  • Infosys
  • IBM
  • GEP
  • Genpact
  • Capgemini
  • CA Technologies
  • Accenture

Description

Procurement as a Service Market size valued at USD 5.28 billion in 2020 and expected to reach USD 8.76 billion by 2027, at a CAGR of 7.5% during the forecast period 2021-2027. The Service Procurement method assists businesses in managing, ensuring supplies, and controlling operational activities. It’s utilized for in-depth analysis, decision-making, and reporting of data generated while taking into account the external workers. It improves employee awareness and allows MSP management to keep track of spending. This service can be used in a variety of banking, financial sectors, and other industries. Various factors are driving the procurement as a service industry, including the increased requirement to manage compliance programs and contracts, as well as the growing demand among businesses to expedite procurement operations. Integration concerns with older systems, on the other hand, may stymie the market’s expansion. In the forecast period of 2020-2027, rising demand among organizations to expedite the procurement process, increasing need for such a service to handle compliance programs and contracts, increasing consumer demand, and growing competition between many enterprises are some of the aspects that will probably support the growth of the procurement as a service market. In contrast, the introduction of machine learning and artificial intelligence, as well as the use of analytical solutions, would provide further potential for the procurement as a service market to grow throughout the projection period. Strategic sourcing aids firms in implementing their sourcing plan more effectively and saving money. Threats such as the COVID-19 outbreak, international political turmoil, or natural calamities can have a long-term influence on businesses in the procurement industry. As a result, sourcing strategy is an important component for all firms. Strategic sourcing aids firms in achieving efficiency and performance goals by conducting in-depth analyses of internal processes, supplier management, and supply markets. Market vendors assist businesses in comprehending the complexities of a commercial transaction setting and tailoring services to meet unique requirements. These customization possibilities will also assist maintain market demand in the future.

ASIA PACIFIC OFFICE

Precision Business Insights, MIG 366, SAI PLAZA, 1st Floor, KPHB Colony, Hyderabad - 500072

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX