Summary

Global Procurement as a service Market is valued approximately USD 5.78 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 8.2 % over the forecast period 2021-2027. Procurement is the process of purchasing goods or services and is usually in reference to business spending. An outsource procurement model with expertise to handle organisation’s procurement activities using technology is called procurement as a service . Increasing use of digital technologies in each and every sector will boost the market in the forecast period. In January 2019, Accenture launched SynOps, a human-machine operated engine that can be used to leverages data, advanced analytics, and Artificial Intelligence (AI) to assist organizations achieve intelligent operations across key business functions including finance and accounting, marketing, and procurement. (In the present scenario Increasing need to improve procurement function, the integration of technology that enables strategic sourcing and supplier management to become predictive and proactive resulting in reducing operating cost will result in boosting the market in the upcoming years.) However, pandemic paralyses the procurement as a service market .impedes the growth of the market over the forecast period of 2021-2027. Also, the growing customer awareness towards advances in procurement functions will boost the market in the upcoming years.

The regional analysis of global Procurement as Service market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading region across the world in terms of market share owing to the increasing use of digital technologies . Whereas, Latin America is anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as increasing customer awareness towards advances in procurement functions would create lucrative growth prospects for the market across Latin America

Major market player included in this report are:
Accenture
Aegis
HCL Technologies Ltd.
IBM
GEP
Genpect
Infosys
Wipro
WNS
Tata Consultancy Services Limited

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Strategic Outsourcing
Spend Management
Process management
Category Management
Contract Management
Transaction Management
By Organisation:
SMEs
Large Enterprises

By Vertical:
BFSI
Manufacturing
Retail
IT & Telecom
Healthcare
Others



By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Procurement as a Service Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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Table of Contents

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Global procurement as a service Market, by Region, 2019-2027 (USD Billion)
1.2.2. Global procurement as a service Market, by component, 2019-2027 (USD Billion)
1.2.3. Procurement as a service Market, by organisation, 2019-2027 (USD Billion)
1.2.4. Procurement as a service Market, by vertical, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Procurement as a service Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Procurement as a service Market Dynamics
3.1. Emission procurement as a service Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Increasing use of digital technologies
3.1.1.2. Increasing need to improve procurement function
3.1.2. Market Challenges
3.1.2.1. Impact of Covid-19 Pandemic
3.1.3. Market Opportunities
3.1.3.1. Growing customer awareness towards advances in procurement functions
Chapter 4. Global Procurement as a service Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Procurement as a Service Market, by Component
5.1. Market Snapshot
5.2. Global Procurement as a Service Market by component, Performance - Potential Analysis
5.3. Global Procurement as a Service Market Estimates & Forecasts by Component 2018-2027 (USD Billion)
5.4. Procurement as a Service Market, Sub Segment Analysis
5.4.1. Strategic Sourcing
5.4.2. Spend Management
5.4.3. Process Management
5.4.4. Category Management
5.4.5. Contract Management
5.4.6. Transaction Management
Chapter 6. Global Procurement as a Service Market, by Organisation
6.1. Market Snapshot
6.2. Global Procurement as a Service Market by Organisation, Performance - Potential Analysis
6.3. Global Procurement as a Service Market Estimates & Forecasts by Organisation 2018-2027 (USD Billion)
6.4. Procurement as a Service Market, Sub Segment Analysis
6.4.1. SMes
6.4.2. Large Enterprises
Chapter 7. Global Procurement as a Service Market, by Organisation
7.1. Market Snapshot
7.2. Global Procurement as a Service Market by Organisation Performance - Potential Analysis
7.3. Global Procurement as a Service Market Estimates & Forecasts by Organisation 2018-2027 (USD Billion)
7.4. Procurement as a Service Market, Sub Segment Analysis
7.4.1. BFSI
7.4.2. Manufacturing
7.4.3. Retail
7.4.4. IT & Telecom
7.4.5. Healthcare
7.4.6. Others
Chapter 8. Global Procurement as a Service Market, Regional Analysis
8.1. Procurement as a Service Market, Regional Market Snapshot
8.2. North America Procurement as a Service Market
8.2.1. U.S. Procurement as a Service Market
8.2.1.1. Component breakdown estimates & forecasts, 2018-2027
8.2.1.2. Organisation breakdown estimates & forecasts, 2018-2027
8.2.1.3. Vertical breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Procurement as a Service Market
8.3. Europe Procurement as a Service Market Snapshot
8.3.1. U.K. Procurement as a Service Market
8.3.2. Germany Procurement as a Service Market
8.3.3. France Procurement as a Service Market
8.3.4. Spain Procurement as a Service Market
8.3.5. Italy Procurement as a Service Market
8.3.6. Rest of Europe Procurement as a Service Market
8.4. Asia-Pacific Procurement as a Service Market Snapshot
8.4.1. China Procurement as a Service Market
8.4.2. India Procurement as a Service Market
8.4.3. Japan Procurement as a Service Market
8.4.4. Australia Procurement as a Service Market
8.4.5. South Korea Procurement as a Service Market
8.4.6. Rest of Asia Pacific Procurement as a Service Market
8.5. Latin America Procurement as a Service Market Snapshot
8.5.1. Brazil Procurement as a Service Market
8.5.2. Mexico Procurement as a Service Market
8.6. Rest of The World Procurement as a Service Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles

9.2.1. Accenture
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Aegis
9.2.3. HCL Technologies Ltd.
9.2.4. IBM
9.2.5. GEP
9.2.6. Genpect
9.2.7. Infosys
9.2.8. Wipro
9.2.9. WNS
9.2.10. Tata Consultancy Services Limited
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption