Asia-Pacific Procurement as-a-Service Market Size and Competitive Analysis by 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 Code : TIPRE00013307
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 113
Buy Now

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

Asia-Pacific Procurement as-a-Service Market Segmentation
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

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
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Component, Enterprise Size, End-User Industry, and Country

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Australia, China, Japan, South Korea

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





The List of Companies - Asia-Pacific Procurement as-a-Service Market
  1. Accenture
  2. CAPGEMINI SE
  3. Corbus, LLC
  4. Genpact Ltd
  5. GEP
  6. HCL Technologies
  7. IBM Corporation
  8. Infosys Ltd
  9. Wipro Limited
  10. 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.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Asia-Pacific Procurement as-a-Service Market