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Procurement as a Service Market

Global Procurement as a Service Market Share, Forecast: By Component: Strategic Sourcing, Spend Management, Category Management, Process Management, Contract Management, Transactions Management; By Organization Size; By End Use; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Global Procurement as a Service Market Outlook

The global procurement as a service market attained a value of USD 6.71 billion in 2023. The industry is further expected to grow in the forecast period of 2024-2032 at a CAGR of 8.10% to reach USD 13.48 billion by 2032. 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

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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.

 

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.

 

Global Procurement as a Service Market

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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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Accenture Plc
  • Infosys Limited
  • Gauteng Enterprise Propeller
  • Genpact Ltd.
  • Proxima Group
  • Capgemini SE
  • WNS (Holdings) Ltd.
  • International Business Machines Corporation
  • Wipro Limited
  • 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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Procurement as a Service Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Procurement as a Service Historical Market (2018-2023) 
    8.3    Global Procurement as a Service Market Forecast (2024-2032)
    8.4    Global Procurement as a Service Market by Component
        8.4.1    Strategic Sourcing
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Spend Management
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Category Management
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Process Management
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Contract Management
            8.4.5.1    Historical Trend (2018-2023)
            8.4.5.2    Forecast Trend (2024-2032)
        8.4.6    Transactions Management
            8.4.6.1    Historical Trend (2018-2023)
            8.4.6.2    Forecast Trend (2024-2032)
    8.5    Global Procurement as a Service Market by Organization Size
        8.5.1    Small and Medium Sized Enterprises
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Large Enterprises
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Procurement as a Service Market by End-use
        8.6.1    Manufacturing
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Retail and Consumer Packaged Goods
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Banking, Financial Services, and Insurance
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    IT and Telecom
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Energy and Utilities
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Travel and Hospitality
            8.6.6.1    Historical Trend (2018-2023)
            8.6.6.2    Forecast Trend (2024-2032)
        8.6.7    Healthcare
            8.6.7.1    Historical Trend (2018-2023)
            8.6.7.2    Forecast Trend (2024-2032)
        8.6.8    Others    
    8.7    Global Procurement as a Service Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032) 
9    North America Procurement as a Service Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Procurement as a Service Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Procurement as a Service Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Procurement as a Service Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Procurement as a Service Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Accenture Plc
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Infosys Limited
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Gauteng Enterprise Propeller
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Genpact Ltd.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Proxima Group
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Capgemini SE
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    WNS (Holdings) Ltd.
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    International Business Machines Corporation
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    Wipro Limited
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Procurement as a Service Market: Key Industry Highlights, 2018 and 2032
2.    Global Procurement as a Service Historical Market: Breakup by Component (USD Million), 2018-2023
3.    Global Procurement as a Service Market Forecast: Breakup by Component (USD Million), 2024-2032
4.    Global Procurement as a Service Historical Market: Breakup by Organization Size (USD Million), 2018-2023
5.    Global Procurement as a Service Market Forecast: Breakup by Organization Size (USD Million), 2024-2032
6.    Global Procurement as a Service Historical Market: Breakup by End-use (USD Million), 2018-2023
7.    Global Procurement as a Service Market Forecast: Breakup by End-use (USD Million), 2024-2032
8.    Global Procurement as a Service Historical Market: Breakup by Region (USD Million), 2018-2023
9.    Global Procurement as a Service Market Forecast: Breakup by Region (USD Million), 2024-2032
10.    North America Procurement as a Service Historical Market: Breakup by Country (USD Million), 2018-2023
11.    North America Procurement as a Service Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Europe Procurement as a Service Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Europe Procurement as a Service Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Asia Pacific Procurement as a Service Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Asia Pacific Procurement as a Service Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Latin America Procurement as a Service Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Latin America Procurement as a Service Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Middle East and Africa Procurement as a Service Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Middle East and Africa Procurement as a Service Market Forecast: Breakup by Country (USD Million), 2024-2032
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 6.71 billion in 2023.

The market is expected to grow at a CAGR of about 8.10% in the forecast period of 2024-2032.

The market is expected to expand in the forecast period to reach USD 13.48 billion by 2032.

The major drivers aiding in the market development include the rising disposable incomes, high adoption of advanced technologies, and the growing complexities in the procurement process.

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 are strategic sourcing, spend management, category management, process management, contract management, and transactions management.

The significant organisation sizes considered in the market report include small and medium-sized enterprises and large enterprises.

The various end-uses of procurement as a service in the market include 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, Infosys Limited, Gauteng Enterprise Propeller, Genpact Ltd., Proxima Group, WNS (Holdings) Ltd., Capgemini SE, International Business Machines Corp., and Wipro Limited, among others.

Analyst Review

The global procurement as a service market attained a value of USD 6.71 billion in 2023, driven by the rising adoption of advanced technologies. It is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 8.10%. The industry is projected to be driven by the growing need for enhancing procurement function and is expected to reach USD 13.48 billion by 2032.

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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