Asia-Pacific Procurement as-a-Service Market Size and Competitive Analysis by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

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

Report Date : Aug 2020
Report Code : TIPRE00013307

Category : Technology, Media and Telecommunications
Status : Published

Available Report Formats :
No. of Pages : 113

Page Updated: Jan 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The Procurement as-a-Service market in Asia-Pacific is expected to grow from US$ 907.6 Million in 2019 to US$ 1496.8 Million by 2027; it is estimated to grow at a CAGR of 7.60% from 2020 to 2027.

Procurement as-a-service is an outsourced procurement business model that combines staff, technology, and expertise to manage a portion, or complete, of user’s organization’s procurement functions. Technology supports the service providers to see what their customers are spending money on, and where they are likely to find potential savings. Procurement as-a-service offerings support the end-users to select the categories for sourcing and allocate category experts to manage purchasing for those categories. These services rely on technology to do the sourcing and procurement, tracking payments and purchases and also handle three-way matching to make sure that the users are only paying for what they get.

Several procurements as-a-service Market providers make the entire process visible to the enterprises they work with, usually through the reporting portals. Through this portal the users get the access to analytics and the procurement tool so that they can work on their own reports, record their inventory, and upload payments. Procurement as-a-service is similar to SaaS, or software as a service, but manages procurement services.

The Asia Pacific procurement as-a-service market is anticipated to witness impressive growth during the forecast period. The increasing demand from enterprises to streamline the procurement processes and positive impact of BPO evolution on procurement outsourcing are the major driving factors for the Asia Pacific procurement as-a-service market.

Moreover, the constant evolution of infected individuals has led the government to enforce lockdown across the nation’s borders. The mainstreams of the manufacturing plants are shut down, municipalities are functioning sluggishly 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.

Asia-Pacific Procurement as-a-Service Market Segmentation

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

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

Asia-Pacific Procurement as-a-Service Market-Companies Mentioned

Accenture
CAPGEMINI SE
Corbus, LLC
Genpact Ltd
GEP
HCL Technologies
IBM Corporation
Infosys Ltd
Wipro Limited
WNS (Holdings) Limited

Asia-Pacific Procurement as-a-Service Report Scope

Report Attribute	Details
Market size in 2019	US$ 907.6 Million
Market Size by 2027	US$ 1496.8 Million
Global CAGR (2020 - 2027)	7.60%
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	Asia-Pacific China India Japan Australia Rest of Asia-Pacific
Market leaders and key company profiles	Accenture CAPGEMINI SE Corbus, LLC Genpact Ltd GEP HCL Technologies IBM Corporation Infosys Ltd Wipro Limited

Research Manager

Ankita Mittal

Manager,
Market Research & Consulting

Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

What are the Asia-Pacific Procurement as-a-Service Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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