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
No. of Pages:113
Report Code:
TIPRE00013307
Category:
Technology, Media and Telecommunications
Procurement are of 2 types, including, direct and indirect procurement. The direct procurement is a process that is involved in acquiring various raw materials and goods for final product production. Whereas, in indirect procurement process, the enterprises are involved in purchasing services or supplies that are needed to keep the day-to-day business alive. This comprises things such as acquiring services or buying office supplies, and repairing equipment.
Market Overview and Dynamics
The Asia-Pacific procurement as-a-service market is expected to reach US$ 1496.8 million by 2027 from US$ 907.6 million in 2019, at a CAGR of 7.60% from 2020 to 2027. large number of enterprises are increasingly focusing on streamlining their procurement processes with adoption of procurement as-a-service model, which in turn is driving the growth of the market. Additionally, the procurement as a service model not only offers cost reduction and flexibility and but also provides a subject matter expertise to the enterprises.
In addition to this, APAC is also a global manufacturing hub with countries such as China, Japan, South Korea, and India leading the manufacturing of sectors such as consumer electronics, semiconductor, and automotive among others. The ongoing COVID-19 is anticipated to cause huge disruptions in the growth of various industries of Asia Pacific region. This will also have negative impact on procurement as-a-Service market.
Key Market Segments
In terms of component, the spend management segment accounted for a larger share of the Asia-Pacific procurement as-a-service market in 2019. In terms of enterprise size, the large enterprise segment held the largest market share of in 2019. Further, the manufacturing segment accounted for the largest share of the market based on end user in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the procurement as-a-service market in Asia-Pacific are company websites, annual reports, financial reports, national government documents, and statistical database. Major companies listed in the report are Accenture.; CAPGEMINI SE; Corbus, LLC; Genpact Ltd, and IBM Corporation among others.
Reasons to Buy Report
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Obtain revenue forecast for the Asia-Pacific procurement as-a-service market based on various segments for the period 2020–2027
The List of Companies - Asia-Pacific Procurement as-a-Service Market
The List of Companies - Asia-Pacific Procurement as-a-Service Market
Accenture
CAPGEMINI SE
Corbus, LLC
Genpact Ltd
GEP
HCL Technologies
IBM Corporation
Infosys Ltd
Wipro Limited
WNS (Holdings) Limited
Frequently Asked Questions
How big is the Asia-Pacific Procurement as-a-Service Market?
The Asia-Pacific Procurement as-a-Service Market is valued at US$ 907.6 Million in 2019, it is projected to reach US$ 1496.8 Million by 2027.
What is the CAGR for Asia-Pacific Procurement as-a-Service Market by (2020 - 2027)?
As per our report Asia-Pacific Procurement as-a-Service Market, the market size is valued at US$ 907.6 Million in 2019, projecting it to reach US$ 1496.8 Million by 2027. This translates to a CAGR of approximately 7.60% during the forecast period.
What segments are covered in this report?
The Asia-Pacific Procurement as-a-Service Market report typically cover these key segments-
End-User Industry (IT and Telecom, Consumer Goods and Retail, Manufacturing, Energy and Utility, Healthcare, Hospitality and Tourism)
What is the historic period, base year, and forecast period taken for Asia-Pacific Procurement as-a-Service Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia-Pacific Procurement as-a-Service Market report:
Historic Period : 2017-2018
Base Year : 2019
Forecast Period : 2020-2027
Who are the major players in Asia-Pacific Procurement as-a-Service Market?
The Asia-Pacific Procurement as-a-Service Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Accenture
CAPGEMINI SE
Corbus, LLC
Genpact Ltd
GEP
HCL Technologies
IBM Corporation
Infosys Ltd
Wipro Limited
WNS (Holdings) Limited
Who should buy this report?
The Asia-Pacific Procurement as-a-Service Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Asia-Pacific Procurement as-a-Service Market value chain can benefit from the information contained in a comprehensive market report.
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