Global Procurement as a Service Market Size, Share, Trends, Industry Growth by Component (Strategic Sourcing, Spend Management, Process Management, & Others), by Organization Size (SME, Large Enterprises), by End-Use Industry, by Region, and Forecast to 2028

Price: 3795/- USD | Published Date: May 9, 2022 |

The global procurement as a service market size was estimated to generate a significant revenue of around USD 6 billion in 2021 and expected to register a significant CAGR of over 10% during the forecast period 2022 to 2028. The increasing consumer demand and the growing number of small and medium-sized enterprises are some of the major factors to drive the market growth. Furthermore, the increasing adoption of digitalization and the growing number of strategic market collaborations are further anticipated to fuel the market growth. Moreover, the rapid growth in urbanization, modernization, globalization, and the growing industrialization in developing economies are expected to propel the market growth over the forecast period.

Market Insights:

The global procurement as a service market is bifurcated into component, enterprise size, end-use industry, and geography. On the basis of component, the market is further segmented into strategic sourcing, spend management, process management, category management, and others. The strategic sourcing segment dominated the global market in 2021 and expected to hold the largest revenue share of over one-third market share by the end of the analysis period. The growing manufacturing industry and the increasing number of challenges in businesses is a major factor to drive the segment growth. The outbreak of the COVID-19 pandemic, natural disasters, and international political unrest are expected to drive demand for better sourcing strategies for organizations, which is expected to drive the growth of this segment.

On the basis of end-use industry, the market is segmented into BFSI, manufacturing, retail, it & telecom, healthcare, and others. The manufacturing segment dominated the global procurement as a service market in 2021 and accounted to hold the largest market share of over one-fourth of the market by the end of the analysis period. The growing manufacturing industry in various developing and developed economies is a primary factor to drive the segment growth. The increasing consumer demand, growing competition among manufacturers, and the growing focus of manufacturers to enhance the quality and reduce the cost are further anticipated to fuel the segment growth over the forecast period.

Procurement as a Service Market Size

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The procurement as a service comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The procurement as a service market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2019-20 – Historical Year
  • 2021 – Base Year
  • 2022-2028 – Forecast Period

Global Procurement as a Service Market Segmentation:

Procurement as a Service Market Segmentation by Component:

  • Strategic Sourcing
  • Spend Management
  • Process Management
  • Category Management
  • Contract Management
  • Transaction Management

Procurement as a Service Market Segmentation by Enterprise Size:

  • SMEs
  • Large Enterprises

Procurement as a Service Market Segmentation by End-Use Industry:

  • BFSI
  • Manufacturing
  • Retail
  • IT & Telecom
  • Healthcare
  • Others

Procurement as a Service Market Segmentation by Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Procurement as a Service Market: Geographic Coverage

Geographically, the procurement as a service market report comprises dedicated sections centering on the regional market revenue and trends. The procurement as a service market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The procurement as a service market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Procurement as a service market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2022 – 2028.

Procurement as a Service Market: Competitive Assessment

Some of the major market players operating in the global procurement as a service market are Accenture plc, Genpact, Infosys Ltd., HCL Technologies Ltd., and GEP. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • Accenture plc
  • Genpact
  • Infosys Ltd.
  • HCL Technologies Ltd.
  • GEP
  • International Business Machines Corp.
  • Aegis Company
  • Wipro Ltd.
  • Tata Consultancy Services Ltd.
  • WNS (Holdings) Ltd.

Key Questions Answered by Procurement as a Service Market Report

  • Global procurement as a service market forecasts from 2022-2028
  • Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
  • Procurement as a service submarket forecasts from 2022-2028 covering the market by component, by enterprise size, by end-use industry, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level procurement as a service markets from 2022-2028
  • Competitive Landscape and market positioning of top 10 players operating in the market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Procurement as a Service Market Portraiture
2.2. Global Procurement as a Service Market, by Component, 2021 (USD Mn)
2.3. Global Procurement as a Service Market, by Enterprises Size, 2021 (USD Mn)
2.4. Global Procurement as a Service Market, by End-Use Industry, 2021 (USD Mn)
2.5. Global Procurement as a Service Market, by Geography, 2021 (USD Mn)

 

3. Global Procurement as a Service Market Analysis


3.1. Procurement as a Service Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

 

4. Global Procurement as a Service Market By Component, 2019 – 2028 (USD Mn)


4.1. Overview
4.2. Strategic Sourcing
4.3. Spend Management
4.4. Process Management
4.5. Category Management
4.6. Contract Management
4.7. Transaction Management

 

5. Global Procurement as a Service Market By Enterprises Size, 2019 – 2028 (USD Mn)


5.1. Overview
5.2. SMEs
5.3. Large Enterprises

 

6. Global Procurement as a Service Market By End-Use Industry, 2019 – 2028 (USD Mn)


6.1. Overview
6.2. BFSI
6.3. Manufacturing
6.4. Retail
6.5. IT & Telecom
6.6. Healthcare
6.7. Others

 

7. North America Procurement as a Service Market Analysis and Forecast, 2019 – 2028 (USD Mn)


7.1. Overview
7.2. North America Procurement as a Service Market by Component, (2019-2028 USD Mn)
7.3. North America Procurement as a Service Market by Enterprises Size, (2019-2028 USD Mn)
7.4. North America Procurement as a Service Market by End-Use Industry, (2019-2028 USD Mn)
7.5. North America Procurement as a Service Market by Country, (2019-2028 USD Mn)
7.5.1. U.S.
7.5.1.1. U.S. Procurement as a Service Market by Component, (2019-2028 USD Mn)
7.5.1.2. U.S. Procurement as a Service Market by Enterprises Size, (2019-2028 USD Mn)
7.5.1.3. U.S. Procurement as a Service Market by End-Use Industry, (2019-2028 USD Mn)
7.5.2. Canada
7.5.2.1. Canada Procurement as a Service Market by Component, (2019-2028 USD Mn)
7.5.2.2. Canada Procurement as a Service Market by Enterprises Size, (2019-2028 USD Mn)
7.5.2.3. Canada Procurement as a Service Market by End-Use Industry, (2019-2028 USD Mn)

 

8. Europe Procurement as a Service Market Analysis and Forecast, 2019 – 2028 (USD Mn)


8.1. Overview
8.2. Europe Procurement as a Service Market by Component, (2019-2028 USD Mn)
8.3. Europe Procurement as a Service Market by Enterprises Size, (2019-2028 USD Mn)
8.4. Europe Procurement as a Service Market by End-Use Industry, (2019-2028 USD Mn)
8.5. Europe Procurement as a Service Market by Country, (2019-2028 USD Mn)
8.5.1. Germany
8.5.1.1. Germany Procurement as a Service Market by Component, (2019-2028 USD Mn)
8.5.1.2. Germany Procurement as a Service Market by Enterprises Size, (2019-2028 USD Mn)
8.5.1.3. Germany Procurement as a Service Market by End-Use Industry, (2019-2028 USD Mn)
8.5.2. U.K.
8.5.2.1. U.K. Procurement as a Service Market by Component, (2019-2028 USD Mn)
8.5.2.2. U.K. Procurement as a Service Market by Enterprises Size, (2019-2028 USD Mn)
8.5.2.3. U.K. Procurement as a Service Market by End-Use Industry, (2019-2028 USD Mn)
8.5.3. France
8.5.3.1. France Procurement as a Service Market by Component, (2019-2028 USD Mn)
8.5.3.2. France Procurement as a Service Market by Enterprises Size, (2019-2028 USD Mn)
8.5.3.3. France Procurement as a Service Market by End-Use Industry, (2019-2028 USD Mn)
8.5.4. Italy
8.5.4.1. Italy Procurement as a Service Market by Component, (2019-2028 USD Mn)
8.5.4.2. Italy Procurement as a Service Market by Enterprises Size, (2019-2028 USD Mn)
8.5.4.3. Italy Procurement as a Service Market by End-Use Industry, (2019-2028 USD Mn)
8.5.5. Rest of Europe
8.5.5.1. Rest of Europe Procurement as a Service Market by Component, (2019-2028 USD Mn)
8.5.5.2. Rest of Europe Procurement as a Service Market by Enterprises Size, (2019-2028 USD Mn)
8.5.5.3. Rest of Europe Procurement as a Service Market by End-Use Industry, (2019-2028 USD Mn)

 

9. Asia Pacific Procurement as a Service Market Analysis and Forecast, 2019 – 2028 (USD Mn)


9.1. Overview
9.2. Asia Pacific Procurement as a Service Market by Component, (2019-2028 USD Mn)
9.3. Asia Pacific Procurement as a Service Market by Enterprises Size, (2019-2028 USD Mn)
9.4. Asia Pacific Procurement as a Service Market by End-Use Industry, (2019-2028 USD Mn)
9.5. Asia Pacific Procurement as a Service Market by Country, (2019-2028 USD Mn)
9.5.1. China
9.5.1.1. China Procurement as a Service Market by Component, (2019-2028 USD Mn)
9.5.1.2. China Procurement as a Service Market by Enterprises Size, (2019-2028 USD Mn)
9.5.1.3. China Procurement as a Service Market by End-Use Industry, (2019-2028 USD Mn)
9.5.2. Japan
9.5.2.1. Japan Procurement as a Service Market by Component, (2019-2028 USD Mn)
9.5.2.2. Japan Procurement as a Service Market by Enterprises Size, (2019-2028 USD Mn)
9.5.2.3. Japan Procurement as a Service Market by End-Use Industry, (2019-2028 USD Mn)
9.5.3. India
9.5.3.1. India Procurement as a Service Market by Component, (2019-2028 USD Mn)
9.5.3.2. India Procurement as a Service Market by Enterprises Size, (2019-2028 USD Mn)
9.5.3.3. India Procurement as a Service Market by End-Use Industry, (2019-2028 USD Mn)
9.5.4. Rest of Asia Pacific
9.5.4.1. Rest of Asia Pacific Procurement as a Service Market by Component, (2019-2028 USD Mn)
9.5.4.2. Rest of Asia Pacific Procurement as a Service Market by Enterprises Size, (2019-2028 USD Mn)
9.5.4.3. Rest of Asia Pacific Procurement as a Service Market by End-Use Industry, (2019-2028 USD Mn)

 

10. Latin America (LATAM) Procurement as a Service Market Analysis and Forecast, 2019 – 2028 (USD Mn)


10.1. Overview
10.2. Latin America Procurement as a Service Market by Component, (2019-2028 USD Mn)
10.3. Latin America Procurement as a Service Market by Enterprises Size, (2019-2028 USD Mn)
10.4. Latin America Procurement as a Service Market by End-Use Industry, (2019-2028 USD Mn)
10.5. Latin America Procurement as a Service Market by Country, (2019-2028 USD Mn)
10.5.1. Brazil
10.5.1.1. Brazil Procurement as a Service Market by Component, (2019-2028 USD Mn)
10.5.1.2. Brazil Procurement as a Service Market by Enterprises Size, (2019-2028 USD Mn)
10.5.1.3. Brazil Procurement as a Service Market by End-Use Industry, (2019-2028 USD Mn)
10.5.2. Mexico
10.5.2.1. Mexico Procurement as a Service Market by Component, (2019-2028 USD Mn)
10.5.2.2. Mexico Procurement as a Service Market by Enterprises Size, (2019-2028 USD Mn)
10.5.2.3. Mexico Procurement as a Service Market by End-Use Industry, (2019-2028 USD Mn)
10.5.3. Rest of Latin America
10.5.3.1. Rest of Latin America Procurement as a Service Market by Component, (2019-2028 USD Mn)
10.5.3.2. Rest of Latin America Procurement as a Service Market by Enterprises Size, (2019-2028 USD Mn)
10.5.3.3. Rest of Latin America Procurement as a Service Market by End-Use Industry, (2019-2028 USD Mn)

 

11. Middle East and Africa Procurement as a Service Market Analysis and Forecast, 2019 – 2028 (USD Mn)


11.1. Overview
11.2. MEA Procurement as a Service Market by Component, (2019-2028 USD Mn)
11.3. MEA Procurement as a Service Market by Enterprises Size, (2019-2028 USD Mn)
11.4. MEA Procurement as a Service Market by End-Use Industry, (2019-2028 USD Mn)
11.5. Middle East and Africa Procurement as a Service Market, by Country, (2019-2028 USD Mn)
11.5.1. GCC
11.5.1.1. GCC Procurement as a Service Market by Component, (2019-2028 USD Mn)
11.5.1.2. GCC Procurement as a Service Market by Enterprises Size, (2019-2028 USD Mn)
11.5.1.3. GCC Procurement as a Service Market by End-Use Industry, (2019-2028 USD Mn)
11.5.2. South Africa
11.5.2.1. South Africa Procurement as a Service Market by Component, (2019-2028 USD Mn)
11.5.2.2. South Africa Procurement as a Service Market by Enterprises Size, (2019-2028 USD Mn)
11.5.2.3. South Africa Procurement as a Service Market by End-Use Industry, (2019-2028 USD Mn)
11.5.3. Rest of MEA
11.5.3.1. Rest of MEA Procurement as a Service Market by Component, (2019-2028 USD Mn)
11.5.3.2. Rest of MEA Procurement as a Service Market by Enterprises Size, (2019-2028 USD Mn)
11.5.3.3. Rest of MEA Procurement as a Service Market by End-Use Industry, (2019-2028 USD Mn)

 

12. Company Profiles


12.1. Accenture plc
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. Genpact
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. Infosys Ltd.
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. HCL Technologies Ltd.
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. GEP
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. International Business Machines Corp.
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Aegis Company
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. Wipro Ltd.
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. Tata Consultancy Services Ltd.
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. WNS (Holdings) Ltd.
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
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