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Global Procurement as a Service Market: By Component: Strategic Sourcing, Spend Management, Category Management, Process Management, Contract Management, Others; By Organization Size; By End Use; Regional Analysis; Historical Market and Forecast (2017-2027); Competitive Landscape; Industry Events and Developments

Global Procurement as a Service Market Outlook

The global procurement as a service market attained a value of USD 5.28 billion in 2020. The industry is further expected to grow in the forecast period of 2022-2027 at a CAGR of 7.8% to reach USD 7 billion by 2026. The industry is being driven by the increasing demand for minimising procurement operations costs in an organisation.

 

Global Procurement as a Service Market

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Market Segmentation

The procurement as a service market can be broadly categorised based on:

 

Global Procurement as a Service Market By Component

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  • Component
    • Strategic Sourcing 
    • Spend Management 
    • Category Management 
    • Process Management 
    • Contract Management 
    • Transactions Management
  • Organisation Size
    • Small and Medium-Sized Enterprises 
    • Large Enterprises
  • End Use
    • Manufacturing 
    • Retail and Consumer Packaged Goods 
    • Banking, Financial Services, and Insurance 
    • IT and Telecom 
    • Energy and Utilities 
    • Travel and Hospitality 
    • Healthcare 
    • Others

The EMR report looks into the regional procurement as a service markets like the North America, Latin America, Europe, the Middle East and Africa and the Asia Pacific.

 

Global Procurement as a Service Market By Region

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Market Analysis

The global procurement as a service market is being driven by the high adoption of advanced technologies and growing complexities in the procurement process. Strategic sourcing segment is driving the industry as it helps in balancing the quality and price of goods and services.

Based on its end-use, the manufacturing industry is showing significant growth due to the increasing competition and rising demand for efficient cost-saving technology. North America leads the industry due to the rising adoption of procurement outsourcing by multiple vendors in the region for improving procurement operations.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global procurement as a service market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Accenture Plc (NYSE: ACN)
  • Infosys Limited (NYSE: INFY)
  • Gauteng Enterprise Propeller
  • Genpact Ltd.  (NYSE: G)
  • Proxima Group (buyingTeam Ltd.)
  • WNS (Holdings) Ltd. (NYSE: WNS)
  • Capgemini SE (EPA: CAP)
  • International Business Machines Corp. (NYSE: IBM)
  • Wipro Limited (NSE: WIPRO)
  • Others

The EMR report gives an in-depth insight into the global procurement as a service market by providing a SWOT analysis as well as an analysis of Porter’s five forces.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Organization Size, End Use, Region
Breakup by Component Strategic Sourcing, Spend Management, Category Management, Process Management, Contract Management, Transactions Management
Breakup by Organization Size Small and Medium-Sized Enterprises, Large Enterprises
Breakup by End Use Manufacturing, Retail and Consumer Packaged Goods, Banking, Financial Services, and Insurance, IT and Telecom, Energy and Utilities, Travel and Hospitality, Healthcare, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Accenture Plc (NYSE: ACN), Infosys Limited (NYSE: INFY), Gauteng Enterprise Propeller, Genpact Ltd., Proxima Group, WNS (Holdings) Ltd. (NYSE: WNS),
Capgemini SE (EPA: CAP), International Business Machines Corp. (NYSE: IBM), Wipro Limited (NSE: WIPRO), Others.
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Procurement as a Service Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Procurement as a Service Historical Market (2017-2021) 
    8.3    Global Procurement as a Service Market Forecast (2022-2027)
    8.4    Global Procurement as a Service Market by Component
        8.4.1    Strategic Sourcing
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Spend Management
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Category Management
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Process Management
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Contract Management
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2017-2021)
            8.4.5.3    Forecast Trend (2022-2027)
        8.4.6    Transactions Management
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2017-2021)
            8.4.6.3    Forecast Trend (2022-2027)
    8.5    Global Procurement as a Service Market by Organization Size
        8.5.1    Small and Medium Sized Enterprises
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Large Enterprises
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    8.6    Global Procurement as a Service Market by End-use
        8.6.1    Manufacturing
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Retail and Consumer Packaged Goods
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Banking, Financial Services, and Insurance
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    IT and Telecom
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Energy and Utilities
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2017-2021)
            8.6.5.3    Forecast Trend (2022-2027)
        8.6.6    Travel and Hospitality
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2017-2021)
            8.6.6.3    Forecast Trend (2022-2027)
        8.6.7    Healthcare
            8.6.7.1    Market Share
            8.6.7.2    Historical Trend (2017-2021)
            8.6.7.3    Forecast Trend (2022-2027)
        8.6.8    Others
    8.7    Global Procurement as a Service Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Accenture Plc
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Infosys Limited 
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3     Gauteng Enterprise Propeller
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Genpact Ltd.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Proxima Group
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Capgemini SE
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    WNS (Holdings) Ltd.
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    International Business Machines Corporation
            12.2.8.1    Company Overview
            12.2.8.2    Product Portfolio
            12.2.8.3    Demographic Reach and Achievements
            12.2.8.4    Certifications
        12.2.9    Wipro Limited
            12.2.9.1    Company Overview
            12.2.9.2    Product Portfolio
            12.2.9.3    Demographic Reach and Achievements
            12.2.9.4    Certifications
        12.2.10    Others
13    Industry Events and Developments


List of Key Figures and Tables

1.    Global Procurement as a Service Market: Key Industry Highlights, 2016 and 2026
2.    Global Procurement as a Service Historical Market: Breakup by Component (USD Million), 2017-2021
3.    Global Procurement as a Service Market Forecast: Breakup by Component (USD Million), 2022-2027
4.    Global Procurement as a Service Historical Market: Breakup by Organization Size (USD Million), 2017-2021
5.    Global Procurement as a Service Market Forecast: Breakup by Organization Size (USD Million), 2022-2027
6.    Global Procurement as a Service Historical Market: Breakup by End-use (USD Million), 2017-2021
7.    Global Procurement as a Service Market Forecast: Breakup by End-use (USD Million), 2022-2027
8.    Global Procurement as a Service Historical Market: Breakup by Region (USD Million), 2017-2021
9.    Global Procurement as a Service Market Forecast: Breakup by Region (USD Million), 2022-2027
10.    North America Procurement as a Service Historical Market: Breakup by Country (USD Million), 2017-2021
11.    North America Procurement as a Service Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Europe Procurement as a Service Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Europe Procurement as a Service Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Asia Pacific Procurement as a Service Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Asia Pacific Procurement as a Service Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Latin America Procurement as a Service Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Latin America Procurement as a Service Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Middle East and Africa Procurement as a Service Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Middle East and Africa Procurement as a Service Market Forecast: Breakup by Country (USD Million), 2022-2027
20.    Global Procurement as a Service Market Structure

Key Questions Answered in the Report

The global procurement as a service market reached a value of USD 5.28 billion in 2020.

The market is expected to grow at a CAGR of about 7.8% in the forecast period of 2022-2027.

The industry is expected to expand in the forecast period to reach USD 7 billion by 2026.

The major drivers of the market, such as rising disposable incomes, high adoption of advanced technologies, and the growing complexities in the procurement process, are expected to aid the industry growth.

The growing need for enhancing procurement function, along with rising penetration of advanced technologies across multiple industry verticals, is expected to define the market growth in the coming years.

North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific are the major regions in the market.

The major components of procurement as a service in the market are strategic sourcing, spend management, category management, process management, contract management, and transactions management.

The significant organization sizes in the industry include small and medium-sized enterprises and large enterprises.

The major end-use sectors in the market are manufacturing, retail and consumer packaged goods, banking, financial services, and insurance, IT and telecom, energy and utilities, travel and hospitality, and healthcare, among others.

The major players in the market are Accenture Plc (NYSE: ACN), Infosys Limited (NYSE: INFY), Gauteng Enterprise Propeller, Genpact Ltd., Proxima Group, WNS (Holdings) Ltd. (NYSE: WNS), Capgemini SE (EPA: CAP), International Business Machines Corp. (NYSE: IBM), Wipro Limited (NSE: WIPRO), among others.

Analyst Review

The global procurement as a service market attained a value of USD 5.28 billion in 2020, driven by the rising adoption of advanced technologies. It is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 7.8%. The industry is projected to be driven by the growing need for enhancing procurement function and is expected to reach USD 7 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of component, the market is divided into strategic sourcing, spend management, category management, process management, contract management, and transactions management. Based on organization sizes, the market is bifurcated into small and medium-sized enterprises and large enterprises. By end-use, the industry is divided into manufacturing, retail and consumer packaged goods, banking, financial services, and insurance, IT and telecom, energy and utilities, travel and hospitality, and healthcare, among others. The major regional markets for the product are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific. The key players in the above industry include Accenture Plc (NYSE: ACN), Infosys Limited (NYSE: INFY), Gauteng Enterprise Propeller, Genpact Ltd., Proxima Group, WNS (Holdings) Ltd. (NYSE: WNS), Capgemini SE (EPA: CAP), International Business Machines Corp. (NYSE: IBM), Wipro Limited (NSE: WIPRO), among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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