The global procurement as a service market is expected to be around US$ 8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period.
An increasing need for improving procurement function, including growing penetration of progressive technologies across different industry verticals, is predicted to spice up the market development. During a highly competitive environment, supply chains round the world are modernizing processes to make sure productivity and enhance business operations. Because the supply chain may be a core component within the manufacturing sector, it is predicted to drive high demand for procurement as a service function to take care of market competitiveness. The awareness about the procurement process among organizations has increased over the past years. With the arrival of customized offerings, service providers are making continuous efforts to shift their business offerings to the “as-a-service” model. As consumers become more conscious of advanced procurement functions in their respective business, they are anticipated to seem for providers that provide robust procurement service model. Procurement technology vendors like Tradeshift and SAP are building individual suppliers network, procure-to-pay, and e-procurement solutions. Thus, consumers can swiftly deploy e-procurement solutions and gain benefits by reducing time to plug the products. Procurement as a service may be a delegated procurement model that comes with technology, employees, and knowledge to manage a neighborhood, if not all, of the procurement function of your organization. The rising need of cost-reducing, and streamline procurement service is predicted to dominate the worldwide procurement as a service market within the forecast period. North America is predicted to dominate the worldwide market within the forthcoming period.
The global Procurement as a service market is segregated on the basis of Vertical as Travel and Hospitality, Healthcare, Manufacturing, Retail and Consumer Packaged Goods, Banking, Financial Services, and Insurance, IT and Telecom, Energy and Utilities, and Others. Based on Organization Size the global Procurement as a service market is segmented in Small and Medium-Sized Enterprises and Large Enterprises. Based on Component the global Procurement as a service market is segmented in Transactions Management, Contract Management, Process Management, Category Management, Spend Management, and Strategic Sourcing.
The global Procurement as a service market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Procurement as a service market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
TCS, Xchanging, Aegis, Corbus, CA Technologies, Accenture, Infosys, GEP, Genpact, Proxima, and others are among the major players in the global Procurement as a service market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Procurement as a service Market has been segmented as below:
Procurement as a service Market, By Vertical
Procurement as a service Market, By Organization Size
Procurement as a service Market, By Component
Procurement as a service Market, By Region
Procurement as a service Market, By Company
The report covers:
Report Scope:
The global Procurement as a service market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Procurement as a service market share. Major industry players with significant revenue share include TCS, Xchanging, Aegis, Corbus, CA Technologies, Accenture, Infosys, GEP, Genpact, Proxima, and others.
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1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach – Segmental Market Analysis
2.5.2 Top-Down Approach – Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter’s Five Force Analysis
5. Procurement as a service Market, By Vertical
5.1 Introduction
5.2 Travel and Hospitality
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Healthcare
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 Manufacturing
5.4.1 Market Overview
5.4.2 Market Size and Forecast
5.5 Retail and Consumer Packaged Goods
5.5.1 Market Overview
5.5.2 Market Size and Forecast
5.6 Banking, Financial Services, and Insurance
5.6.1 Market Overview
5.6.2 Market Size and Forecast
5.7 IT and Telecom
5.7.1 Market Overview
5.7.2 Market Size and Forecast
5.8 Energy and Utilities
5.8.1 Market Overview
5.8.2 Market Size and Forecast
5.9 Others
5.9.1 Market Overview
5.9.2 Market Size and Forecast
6. Procurement as a service Market, By Organization Size
6.1 Introduction
6.2 Small and Medium-Sized Enterprises
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Large Enterprises
6.3.1 Market Overview
6.3.2 Market Size and Forecast
7. Procurement as a service Market, By Component
7.1 Introduction
7.2 Transactions Management
7.2.1 Market Overview
7.2.2 Market Size and Forecast
7.3 Contract Management
7.3.1 Market Overview
7.3.2 Market Size and Forecast
7.4 Process Management
7.4.1 Market Overview
7.4.2 Market Size and Forecast
7.5 Category Management
7.5.1 Market Overview
7.5.2 Market Size and Forecast
7.6 Spend Management
7.6.1 Market Overview
7.6.2 Market Size and Forecast
7.7 Strategic Sourcing
7.7.1 Market Overview
7.7.2 Market Size and Forecast
8. Procurement as a service Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 North America Procurement as a service, By Vertical
8.2.2 North America Procurement as a service, By Organization Size
8.2.3 North America Procurement as a service, By Component
8.3 Europe
8.3.1 Europe Procurement as a service, By Vertical
8.3.2 Europe Procurement as a service, By Organization Size
8.3.3 Europe Procurement as a service, By Component
8.4 Asia-Pacific
8.4.1 Asia-Pacific Procurement as a service, By Vertical
8.4.2 Asia-Pacific Procurement as a service, By Organization Size
8.4.3 Asia-Pacific Procurement as a service, By Component
8.5 Rest of the World
8.5.1 Rest of the World Procurement as a service, By Vertical
8.5.2 Rest of the World Procurement as a service, By Organization Size
8.5.3 Rest of the World Procurement as a service, By Component
9. Competitive Insights
9.1 Key Insights
9.2 Company Market Share Analysis
9.3 Strategic Outlook
9.3.1 Mergers & Acquisitions
9.3.2 New Product Development
9.3.3 Portfolio/Production Capacity Expansions
9.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
9.3.5 Others
10. Company Profiles
10.1 TCS
10.1.1 Company Overview
10.1.2 Product/Service Landscape
10.1.3 Financial Overview
10.1.4 Recent Developments
10.2 Xchanging
10.2.1 Company Overview
10.2.2 Product/Service Landscape
10.2.3 Financial Overview
10.2.4 Recent Developments
10.3 Aegis
10.3.1 Company Overview
10.3.2 Product/Service Landscape
10.3.3 Financial Overview
10.3.4 Recent Developments
10.4 Corbus
10.4.1 Company Overview
10.4.2 Product/Service Landscape
10.4.3 Financial Overview
10.4.4 Recent Developments
10.5 CA Technologies
10.5.1 Company Overview
10.5.2 Product/Service Landscape
10.5.3 Financial Overview
10.5.4 Recent Developments
10.6 Accenture
10.6.1 Company Overview
10.6.2 Product/Service Landscape
10.6.3 Financial Overview
10.6.4 Recent Developments
10.7 Infosys
10.7.1 Company Overview
10.7.2 Product/Service Landscape
10.7.3 Financial Overview
10.7.4 Recent Developments
10.8 GEP
10.8.1 Company Overview
10.8.2 Product/Service Landscape
10.8.3 Financial Overview
10.8.4 Recent Developments
10.9 Genpact
10.9.1 Company Overview
10.9.2 Product/Service Landscape
10.9.3 Financial Overview
10.9.4 Recent Developments
10.10 Proxima
10.10.1 Company Overview
10.10.2 Product/Service Landscape
10.10.3 Financial Overview
10.10.4 Recent Developments
10.11 WNS
10.11.1 Company Overview
10.11.2 Product/Service Landscape
10.11.3 Financial Overview
10.11.4 Recent Developments
10.12 Capgemini
10.12.1 Company Overview
10.12.2 Product/Service Landscape
10.12.3 Financial Overview
10.12.4 Recent Developments
10.13 IBM
10.13.1 Company Overview
10.13.2 Product/Service Landscape
10.13.3 Financial Overview
10.13.4 Recent Developments
10.14 Wipro
10.14.1 Company Overview
10.14.2 Product/Service Landscape
10.14.3 Financial Overview
10.14.4 Recent Developments
10.15 HCL
10.15.1 Company Overview
10.15.2 Product/Service Landscape
10.15.3 Financial Overview
10.15.4 Recent Developments
The Procurement as a service Market has been segmented as below:
Procurement as a service Market, By Vertical
Procurement as a service Market, By Organization Size
Procurement as a service Market, By Component
Procurement as a service Market, By Region
Procurement as a service Market, By Company
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