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
Market Introduction
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.
Get more information on this report :
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
- Understand the Asia-Pacific procurement as-a-service market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive market landscape
- Efficiently plan merger and acquisition, and partnership deals in the Asia-Pacific procurement as-a-service market by identifying market segments with the most promising probable sales
- Make knowledgeable business decisions from perceptive and comprehensive analysis of the performance of various market segment
- Obtain revenue forecast for the Asia-Pacific procurement as-a-service market based on various segments for the period 2020–2027
ASIA-PACIFIC PROCUREMENT AS-A-SERVICE MARKET SEGMENTATION
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
Company Profiles
- Accenture
- CAPGEMINI SE
- Corbus, LLC
- Genpact Ltd
- GEP
- HCL Technologies
- IBM Corporation
- Infosys Ltd
- Wipro Limited
- WNS (Holdings) Limited
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Procurement As-a-Service Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Asia Pacific – PEST Analysis
4.2.2 Ecosystem Analysis
4.3 Expert Opinion
5. Procurement As-a-Service Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing focus of enterprises on streamlining the procurement processes
5.1.2 Increasing focus on catering fully customizable services to the customers
5.2 Market Restraint
5.2.1 Expensive security updates
5.3 Market Opportunity
5.3.1 Growth of end-user industry across the developing economies
5.4 Future Trend
5.4.1 Adoption of cognitive procurement technologies
5.5 Impact Analysis of Drivers and Restraints
6. Procurement As-a-Service – Asia Pacific Market Analysis
6.1 Procurement As-a-Service Market Overview
6.1.1 APAC: Procurement as-a-Service Market – Revenue and Forecast to 2027 (US$ Million)
7. Procurement As-a-Service Market Analysis – By Component
7.1 Overview
7.2 Procurement As-a-Service Market, By Component (2019 and 2027)
7.3 Strategic Sourcing
7.3.1 Overview
7.3.2 Strategic Sourcing: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
7.4 Spend Management
7.4.1 Overview
7.4.2 Spend Management: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
7.5 Category Management
7.5.1 Overview
7.5.2 Category Management: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
7.6 Process Management
7.6.1 Overview
7.6.2 Process Management: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
7.7 Contract Management
7.7.1 Overview
7.7.2 Contract Management: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
7.8 Transaction Management
7.8.1 Overview
7.8.2 Transaction Management: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
8. Procurement As-a-Service Market Analysis – By Enterprise Size
8.1 Overview
8.2 Procurement As-a-Service Market, By Enterprise Size (2019 and 2027)
8.3 SMEs
8.3.1 Overview
8.3.2 SMEs: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
8.4 Large Enterprises
8.4.1 Overview
8.4.2 Large Enterprises: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
9. Procurement as-a-Service Market Analysis – By End-User Industry
9.1 Overview
9.2 Procurement as-a-Service Market, By End-User Industry (2019 and 2027)
9.3 IT and Telecom
9.3.1 Overview
9.3.2 IT and Telecom: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
9.4 Consumer Goods and Retail
9.4.1 Overview
9.4.2 Consumer Goods and Retail: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
9.5 Manufacturing
9.5.1 Overview
9.5.2 Manufacturing: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
9.6 Energy and Utility
9.6.1 Overview
9.6.2 Energy and Utility: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
9.7 Healthcare
9.7.1 Overview
9.7.2 Healthcare: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
9.8 Hospitality and Tourism
9.8.1 Overview
9.8.2 Hospitality and Tourism: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
9.9 Others
9.9.1 Overview
9.9.2 Others: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
10. Procurement as-a-Service Market – Country Analysis
10.1.1 APAC: Procurement as-a-Service Market, by Key Country
10.1.1.1 China: Procurement as-a-Service Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 China: Procurement as-a-Service Market, by Component
10.1.1.1.2 China: Procurement as-a-Service Market, by Enterprise Size
10.1.1.1.3 China: Procurement as-a-Service Market, by End-User Industry
10.1.1.2 India: Procurement as-a-Service Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 India: Procurement as-a-Service Market, by Component
10.1.1.2.2 India: Procurement as-a-Service Market, by Enterprise Size
10.1.1.2.3 India: Procurement as-a-Service Market, by End-User Industry
10.1.1.3 Japan: Procurement as-a-Service Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Japan: Procurement as-a-Service Market, by Component
10.1.1.3.2 Japan: Procurement as-a-Service Market, by Enterprise Size
10.1.1.3.3 Japan: Procurement as-a-Service Market, by End-User Industry
10.1.1.4 South Korea: Procurement as-a-Service Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1 South Korea: Procurement as-a-Service Market, by Component
10.1.1.4.2 South Korea: Procurement as-a-Service Market, by Enterprise Size
10.1.1.4.3 South Korea: Procurement as-a-Service Market, by End-User Industry
10.1.1.5 Australia: Procurement as-a-Service Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.5.1 Australia: Procurement as-a-Service Market, by Component
10.1.1.5.2 Australia: Procurement as-a-Service Market, by Enterprise Size
10.1.1.5.3 Australia: Procurement as-a-Service Market, by End-User Industry
10.1.1.6 Rest of APAC: Procurement as-a-Service Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.6.1 Rest of APAC: Procurement as-a-Service Market, by Component
10.1.1.6.2 Rest of APAC: Procurement as-a-Service Market, by Enterprise Size
10.1.1.6.3 Rest of APAC: Procurement as-a-Service Market, by End-User Industry
11. Impact of COVID-19 Pandemic on Asia Pacific Procurement as-a Service Market
11.1.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
12. Asia Pacific Procurement as-a-Service Market-Industry Landscape
12.1 Market Initiative
12.2 Merger and Acquisition
13. Company Profiles
13.1 Accenture
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 CAPGEMINI SE
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Corbus, LLC
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Genpact Ltd.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 GEP
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 HCL Technologies
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 IBM Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Infosys Ltd.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Wipro Limited
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 WNS (Holdings) Limited
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. APAC: Procurement as-a-Service Market, by Country – Revenue and Forecast to 2027 (US$ Million)
Table 3. China: Procurement as-a-Service Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 4. China: Procurement as-a-Service Market, by Enterprise Size –Revenue and Forecast to 2027 (US$ Million)
Table 5. China: Procurement as-a-Service Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Million)
Table 6. India: Procurement as-a-Service Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 7. India: Procurement as-a-Service Market, by Enterprise Size –Revenue and Forecast to 2027 (US$ Million)
Table 8. India: Procurement as-a-Service Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Million)
Table 9. Japan: Procurement as-a-Service Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 10. Japan: Procurement as-a-Service Market, by Enterprise Size –Revenue and Forecast to 2027 (US$ Million)
Table 11. Japan: Procurement as-a-Service Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Million)
Table 12. South Korea: Procurement as-a-Service Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 13. South Korea: Procurement as-a-Service Market, by Enterprise Size –Revenue and Forecast to 2027 (US$ Million)
Table 14. South Korea: Procurement as-a-Service Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Million)
Table 15. Australia: Procurement as-a-Service Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 16. Australia: Procurement as-a-Service Market, by Enterprise Size –Revenue and Forecast to 2027 (US$ Million)
Table 17. Australia: Procurement as-a-Service Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Million)
Table 18. Rest of APAC: Procurement as-a-Service Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 19. Rest of APAC: Procurement as-a-Service Market, by Enterprise Size –Revenue and Forecast to 2027 (US$ Million)
Table 20. Rest of APAC: Procurement as-a-Service Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Million)
Table 21. Glossary of Term: Procurement as-a-Service Market
LIST OF FIGURES
Figure 1. Procurement as-a-Service Market Segmentation
Figure 2. Procurement as-a-Service Market Segmentation – By Country
Figure 3. Asia Pacific Procurement As-a-Service Market Overview
Figure 4. Asia Pacific Procurement As-a-Service Market – Component Analysis
Figure 5. Asia Pacific Procurement As-a-Service Market – Enterprise Size Analysis
Figure 6. Asia Pacific – PEST Analysis
Figure 7. Procurement As-a-Service Market – Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Procurement As-a-Service Market Impact Analysis of Drivers And Restraints
Figure 10. APAC: Procurement as-a-Service Market – Revenue And Forecast To 2027 (US$ Million)
Figure 11. Procurement As-a-Service Market Revenue Share, by Component (2019 and 2027)
Figure 12. Strategic Sourcing: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 13. Spend Management: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 14. Category Management: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 15. Process Management: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 16. Contract Management: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17. Transaction Management: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 18. Procurement As-a-Service Market Revenue Share, by Enterprise Size (2019 and 2027)
Figure 19. SMEs: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. Large Enterprises: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 21. Procurement as-a-Service Market Revenue Share, by End-User Industry (2019 and 2027)
Figure 22. IT and Telecom: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 23. Consumer Goods and Retail: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 24. Manufacturing: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 25. Energy and Utility: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 26. Healthcare: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 27. Hospitality and Tourism: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 28. Others: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 29. APAC: Procurement as-a-Service Market Revenue Share, By Key Country (2019 and 2027)
Figure 30. China: Procurement as-a-Service Market – Revenue And Forecast To 2027 (US$ Million)
Figure 31. India: Procurement as-a-Service Market – Revenue And Forecast To 2027 (US$ Million)
Figure 32. Japan: Procurement as-a-Service Market – Revenue And Forecast To 2027 (US$ Million)
Figure 33. South Korea: Procurement as-a-Service Market – Revenue And Forecast To 2027 (US$ Million)
Figure 34. Australia: Procurement as-a-Service Market – Revenue And Forecast To 2027 (US$ Million)
Figure 35. Rest of APAC: Procurement as-a-Service Market – Revenue And Forecast To 2027 (US$ Million)
Figure 36. Impact of COVID-19 Pandemic In Asia Pacific Country Markets
- Accenture
- CAPGEMINI SE
- Corbus, LLC
- Genpact Ltd
- GEP
- HCL Technologies
- IBM Corporation
- Infosys Ltd
- Wipro Limited
- WNS (Holdings) Limited
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia-Pacific procurements as-a-service market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Asia-Pacific procurements as-a-service market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Asia-Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.