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:102
Report Code:
TIPRE00013336
Category:
Technology, Media and Telecommunications
South and Central America Procurement as-a-Service Market
Procurement as-a-service offers support to the end-users to select the categories for sourcing and allocate category experts to manage purchasing for those categories. Procurement as-a-service is similar to SaaS, or software as a service, but manages procurement services. Though, the procurement BPO has made a late enter to the outsourcing market, it has made a significant transformation from initial development phase to mature development phase. The procurement outsourcing has, for instance, moved from spend analysis and reporting to the category and spend management; from allowing supplier management back-end analytics to actually handling tail-end suppliers.
Market Overview and Dynamics
The South and Central America procurement as-a-service market is expected to reach US$ 689.8 million by 2027 from US$ 452.8 million in 2019, at a CAGR of 6.50 % from 2020 to 2027. Increasing adoption of procurement as-a-service model by enterprises to streamline their process, which in turn is driving the growth of the market. The procurement has a significant role to play in enhancing the supply chain transparency, delivering enterprise-wide cost reduction, and accessing supplier innovation.
However, due to COVID-19 majority of the manufacturing plants are shut down, municipalities are functioning slowly as compared to the past, and the automotive and semiconductor industries are at a halt, which is negatively impacting the procurement as-a service market.
Key Market Segments
In terms of component, the spend management segment accounted for a larger share of the South and Central America 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 South and Central America are company websites, annual reports, financial reports, national government documents, and statistical database. Major companies listed in the report are Accenture.; CAPGEMINI SE; Genpact Ltd, HCL Technologies and Infosys Ltd among others.
Reasons to Buy Report
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SOUTH AND CENTRAL AMERICA PROCUREMENT AS-A-SERVICE MARKET SEGMENTATION
South and Central America Procurement as-a-Service Market – by Component
Strategic Sourcing
Spend Management
Category Management
Process Management
Contract Management
Transaction Management
South and Central America Procurement as-a-Service Market – by Enterprise Size
SMEs
Large Enterprises
South and Central America 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
South and Central America Procurement as-a-Service Market – by Country
Brazil
Argentina
Rest of SAM
Company Profiles
Accenture
CAPGEMINI SE
Genpact Ltd
HCL Technologies
Infosys Ltd
Wipro Limited
WNS (Holdings) Limited
South and Central America Procurement as-a-Service Market Strategic Insights
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South and Central America Procurement as-a-Service Market Segmentation Analysis
South and Central America Procurement as-a-Service Market Report Highlights
South and Central America Procurement as-a-Service Report Scope
Report Attribute
Details
Market size in 2019
US$ 452.8 Million
Market Size by 2027
US$ 689.8 Million
CAGR (2020 - 2027)
6.50 %
Historical Data
2017-2018
Forecast period
2020-2027
Segments Covered
By Component
Strategic Sourcing
Spend Management
Category Management
Process Management
Contract Management
Transaction Management
By Enterprise Size
SMEs
Large Enterprises
By End-User Industry
IT and Telecom
Consumer Goods and Retail
Manufacturing
Energy and Utility
Healthcare
Hospitality and Tourism
Regions and Countries Covered
South and Central America
Brazil
Argentina
Rest of South and Central America
Market leaders and key company profiles
Accenture
CAPGEMINI SE
Genpact Ltd
HCL Technologies
Infosys Ltd
Wipro Limited
WNS (Holdings) Limited
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South and Central America Procurement as-a-Service Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
The List of Companies - South and Central America Procurement as-a-Service Market
Accenture
CAPGEMINI SE
Genpact Ltd
HCL Technologies
Infosys Ltd
Wipro Limited
WNS (Holdings) Limited
Frequently Asked Questions
How big is the South and Central America Procurement as-a-Service Market?
The South and Central America Procurement as-a-Service Market is valued at US$ 452.8 Million in 2019, it is projected to reach US$ 689.8 Million by 2027.
What is the CAGR for South and Central America Procurement as-a-Service Market by (2020 - 2027)?
As per our report South and Central America Procurement as-a-Service Market, the market size is valued at US$ 452.8 Million in 2019, projecting it to reach US$ 689.8 Million by 2027. This translates to a CAGR of approximately 6.50 % during the forecast period.
What segments are covered in this report?
The South and Central America 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 South and Central America 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 South and Central America Procurement as-a-Service Market report:
Historic Period : 2017-2018
Base Year : 2019
Forecast Period : 2020-2027
Who are the major players in South and Central America Procurement as-a-Service Market?
The South and Central America 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
Genpact Ltd
HCL Technologies
Infosys Ltd
Wipro Limited
WNS (Holdings) Limited
Who should buy this report?
The South and Central America 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 South and Central America Procurement as-a-Service Market value chain can benefit from the information contained in a comprehensive market report.
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