Report : Asia-Pacific Procurement as-a-Service Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Strategic Sourcing, Spend Management, Category Management, Process Management, Contract Management, Transaction Management); Enterprise Size (SMEs, Large Enterprises); End-User Industry (IT and Telecom, Consumer Goods and Retail, Manufacturing, Energy and Utility, Healthcare, Hospitality and Tourism, Others); and Country

Spend Management Segment to Dominate Asia-Pacific Procurement as-a-Service Market during 2020–2027


According to our new market research study on “Asia-Pacific Procurement as-a-Service Market to 2027 – Regional Analysis and Forecast by Component, Enterprise Size, and End User Industry,” the market is expected to reach US$ 1496.8 Million by 2027 from US$ 907.6 Million in 2019; it is estimated to grow at a CAGR of 7.60% from 2020 to 2027. The report provides trends prevailing in the Asia-Pacific procurement as-a-service market along with the drivers and restraints pertaining to the market growth. The growth of the market in this region is attributed owing to the growing focus of enterprises on streamlining the procurement processes. However, growing network security issues restrain the growth of the Asia-Pacific procurement as-a-service data interchange market.


The procurement as-a-service market, by component, is segmented into Strategic Sourcing, Spend Management, Category Management, Process Management, Contract Management, Transaction Management. The strategic sourcing service providers have expertise in several sourcing activities and provide procurement as-a-service offerings to the enterprises for streamlining their sourcing operations. Under the procurement as-a-service process value chain, the strategic sourcing service providers are involved in spend data management, demand management, external marketplace analysis, sourcing strategy, sourcing event management, and proposal evaluation.


The US is the worst-hit country in North America, with around 213,600 active cases of infected individuals facing severe health conditions across the country. In terms of patient count and death toll, Canada and Mexico are still at a nascent stage in comparison to the US. However, the manufacturing plants, ICT industry, and several other businesses are functioning slowly, which is negatively impacting on the Procurement as-a service market.


Accenture; CAPGEMINI SE.; Corbus, LLC; Genpact Ltd; GEP; HCL Technologies; IBM Corporation; Infosys Ltd; Wipro Limited; and WNS (Holdings) Limited are among the leading companies in the procurement as-a-service market in Asia Pacific. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Levadata and IBM announced a joint project that will deliver cognitive analytics and direct procurement sourcing services solution to supply chains.


Asia-Pacific Procurement as-a-Service Market, by Country, 2019–2027 (%)

Asia-Pacific Procurement as-a-Service Market, by Country, 2019–2027 (%)


The report segments the Asia-Pacific Procurement as-a-Service Market as follows:


Asia-Pacific Procurement as-a-Service Market – by Component

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


Asia-Pacific Procurement as-a-Service Market – by Enterprise Size

  • SMEs
  • Large Enterprises


Asia-Pacific Procurement as-a-Service Market – by End User Industry

  • IT and Telecom
  • Consumer Goods and Retail
  • Manufacturing
  • Energy and Utility
  • Healthcare
  • Hospitality and Tourism
  • Others


Asia-Pacific Procurement as-a-Service Market – by Country

  • China
  • Australia
  • India
  • Japan
  • South Korea
  • Rest of APAC
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