The Procurement as-a-Service market in Middle East and Africa is expected to grow from US$ 108.4 Million in 2019 to US$ 165.9 Million by 2027; it is estimated to grow at a CAGR of 6.60 % from 2020 to 2027.
The region is expected to see a rapid rise in marketing and industrialization, which would further improve the diverse industries. The Gulf countries are economically advanced, while the African countries still have to balance the economic conditions of the Gulf countries. Organizations in the region are working internationally for raw materials and product procurements from several suppliers and countries. Procurement services in supply chain aids finished goods delivery, and it also supports the business’s competitive advantage, which requires a huge effective supply chain operation. The procurement service professionals in the Middle East have to optimize their procurement know-how as the company environment has been changed, and the competition is surging.
There is a rising focus on developing procurement capabilities and embracing new technologies in order to gain benefit of the opportunity to handle growing threats to the supply chain. Advanced technologies offer an opportunity for procurement and supply specialists to re-evaluate the skills, which are needed, and which tasks are important and what activities can be better undertaken by the technology.
The growing advanced technology tools enable procurement service providers to focus on strategic objectives targeted at producing a competitive advantage for an organization. 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 Middle East and Africa procurement as-a-service market
Saudi Arabia has the largest COVID-19 cases in the Middle East and Africa region and is followed by Iran, South Africa, and UAE, among others. UAE was the first country in the Middle East and Africa to report a confirmed case of coronavirus. MEA countries are still combating the virus, and are exercising lockdown, which is a critical factor towards the slowdown in the growth of procurement as-a service market.
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Middle East and Africa Procurement as-a-Service Market Segmentation
Middle East and Africa Procurement as-a-Service Market – by Component
- Strategic Sourcing
- Spend Management
- Category Management
- Process Management
- Contract Management
- Transaction Management
Middle East and Africa Procurement as-a-Service Market – by Enterprise Size
- SMEs
- Large Enterprises
Middle East and Africa 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
Middle East and Africa Procurement as-a-Service Market – by Country
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
Middle East and Africa Procurement as-a-Service Market-Companies Mentioned
- Accenture
- Genpact Ltd
- GEP
- HCL Technologies
- IBM Corporation
- Infosys Ltd
- Wipro Limited
- WNS (Holdings) Limited
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Enterprise Size, End-User Industry, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Saudi Arabia
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 South and Central America – PEST Analysis
4.3 Ecosystem Analysis
5. Procurement As-a-Service Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing adoption of procurement as-a-service model by enterprises to streamline their process
5.1.2 Increasing focus on catering fully customizable services
5.2 Market Restraint
5.2.1 Concerns related to security threats
5.3 Market Opportunity
5.3.1 The growing need for efficient procurement services and solutions
5.4 Future Trend
5.4.1 Integration of AI technology in their procurement service
5.5 Impact Analysis of Drivers and Restraints
6. Procurement As-a-Service – South and Central America Market Analysis
6.1 Procurement As-a-Service Market Overview
6.1.1 SAM: Procurement as-a-Service Market – Revenue and Forecast to 2027 (US$ Million)
7. Procurement As-a-Service Market Analysis – By Component
7.1 Overview
7.1.1 South and Central America: Procurement as-a-Service Market, by Component
7.2 Strategic Sourcing
7.2.1 Overview
7.2.2 Strategic Sourcing: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
7.3 Spend Management
7.3.1 Overview
7.3.2 Spend Management: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
7.4 Category Management
7.4.1 Overview
7.4.2 Category Management: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
7.5 Process Management
7.5.1 Overview
7.5.2 Process Management: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
7.6 Contract Management
7.6.1 Overview
7.6.2 Contract Management: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
7.7 Transaction Management
7.7.1 Overview
7.7.2 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
10.1.1.1 Brazil: Procurement as-a-Service Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 Brazil: Procurement as-a-Service Market, by Component
10.1.1.1.2 Brazil: Procurement as-a-Service Market, by Enterprise Size
10.1.1.1.3 Brazil: Procurement as-a-Service Market, by End-User Industry
10.1.1.2 Argentina: Procurement as-a-Service Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 Argentina: Procurement as-a-Service Market, by Component
10.1.1.2.2 Argentina: Procurement as-a-Service Market, by Enterprise Size
10.1.1.2.3 Argentina: Procurement as-a-Service Market, by End-User Industry
10.1.1.3 Rest of SAM: Procurement as-a-Service Market – Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Rest of SAM: Procurement as-a-Service Market, by Component
10.1.1.3.2 Rest of SAM: Procurement as-a-Service Market, by Enterprise Size
10.1.1.3.3 Rest of SAM: Procurement as-a-Service Market, by End-User Industry
11. South and Central America Procurement as-a-Service Market-Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
12. Company Profiles
12.1 Accenture
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 CAPGEMINI SE
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Corbus, LLC
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Genpact Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 GEP
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 HCL Technologies
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 IBM Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Infosys Ltd.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Wipro Limited
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 WNS (Holdings) Limited
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. SAM: Procurement as-a-Service Market, by Country – Revenue and Forecast to 2027 (US$ Million)
Table 3. Brazil: Procurement as-a-Service Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 4. Brazil: Procurement as-a-Service Market, by Enterprise Size –Revenue and Forecast to 2027 (US$ Million)
Table 5. Brazil: Procurement as-a-Service Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Million)
Table 6. Argentina: Procurement as-a-Service Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 7. Argentina: Procurement as-a-Service Market, by Enterprise Size –Revenue and Forecast to 2027 (US$ Million)
Table 8. Argentina: Procurement as-a-Service Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Million)
Table 9. Rest of SAM: Procurement as-a-Service Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 10. Rest of SAM: Procurement as-a-Service Market, by Enterprise Size –Revenue and Forecast to 2027 (US$ Million)
Table 11. Rest of SAM: Procurement as-a-Service Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Million)
Table 12. 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. South and Central America Procurement As-a-Service Market Overview
Figure 4. South and Central America Procurement As-a-Service Market – Component Analysis
Figure 5. South and Central America Procurement As-a-Service Market – Enterprise Size Analysis
Figure 6. SAM – PEST Analysis
Figure 7. Procurement As-a-Service Market – Ecosystem Analysis
Figure 8. Procurement As-a-Service Market Impact Analysis of Drivers And Restraints
Figure 9. SAM: Procurement as-a-Service Market – Revenue and Forecast To 2027 (US$ Million)
Figure 10. SAM: Procurement as-a-Service Market Revenue Share, By Component (2019 and 2027)
Figure 11. Strategic Sourcing: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 12. Spend Management: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 13. Category Management: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 14. Process Management: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 15. Contract Management: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 16. Transaction Management: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17. South and Central America: Procurement as-a-Service Market Revenue Share, By Enterprise Size (2019 and 2027)
Figure 18. SMEs: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. Large Enterprises: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. SAM: Procurement as-a-Service Market Revenue Share, By End-User Industry (2019 and 2027)
Figure 21. IT and Telecom: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 22. Consumer Goods and Retail: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 23. Manufacturing: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 24. Energy and Utility: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 25. Healthcare: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 26. Hospitality and Tourism: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 27. Others: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 28. SAM: Procurement as-a-Service Market Revenue Share, By Key Country (2019 and 2027)
Figure 29. Brazil: Procurement as-a-Service Market – Revenue And Forecast To 2027 (US$ Million)
Figure 30. Argentina: Procurement as-a-Service Market – Revenue And Forecast To 2027 (US$ Million)
Figure 31. Rest of SAM: Procurement as-a-Service Market – Revenue And Forecast To 2027 (US$ Million)
- Accenture
- Genpact Ltd
- GEP
- HCL Technologies
- IBM Corporation
- Infosys Ltd
- Wipro Limited
- WNS (Holdings) Limited
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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