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Europe Procurement as-a-Service Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component; Enterprise Size; End-User Industry; and Country- Product Image
Europe Procurement as-a-Service Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component; Enterprise Size; End-User Industry; and Country- Product Image
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Europe Procurement as-a-Service Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component; Enterprise Size; End-User Industry; and Country

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    Report

  • 113 Pages
  • August 2020
  • Region: Europe
  • The Insight Partners
  • ID: 5147215
UP TO OFF until Jun 30th 2024
Description Jump to:
The procurement as-a-service market in Europe is expected to grow from US$ 609.5 million in 2019 to US$ 958.2 million by 2027; it is estimated to grow at a CAGR of 6.96% from 2020 to 2027.

Procurement is one of the most important and complex business processes in the both SMEs as well as large enterprises, as this business function is responsible for various day-to-day operations of the enterprises. The business process outsourcing (BPO) industry is a well matured industry and it focuses on providing major cost benefits without hampering the value provided to the business stakeholders, and thus focusing on partnership with service providers. Today, various service providers are increasingly moving their focus from full time equivalent (FTE) to transaction-based pricing models, from a vendor relationship to a strategic partnership, and from evaluating processing efficiency metrics to business metrics.

The procurement BPO has made a late entry to the outsourcing market. However, 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.

Europe is a major manufacturing and industrial hub for several industrial sectors such as IT, automotive, aerospace & defense, energy & power, pharmaceuticals, and food & beverages. Hence, due to COVID-19, business lockdowns, travel bans, and supply chain disruptions, the economy and industrial growth of the European region has seen a decline in past few months. This is anticipated to impact market growth in Europe negatively.

The overall Europe procurement as-a-service market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Europe procurement as-a-service market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants involved in this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the Europe procurement as-a-service market. Major players operating in the market in this region include Accenture; CAPGEMINI SE.; Corbus, LLC; Genpact Ltd; GEP; HCL Technologies; IBM Corporation; Infosys Ltd; Wipro Limited; and WNS (Holdings) Limited.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 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 Europe - 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 Industrial focus on streamlining the procurement processes
5.1.2 Increasing focus on catering fully customized services to the customers
5.2 Market Restraint
5.2.1 Surge in occurrence of network security threats
5.3 Market Opportunity
5.3.1 The rising necessity for efficient procurement services and solutions
5.4 Future Trend
5.4.1 Designing and developing intelligent bots for procurement tasks
5.5 Impact Analysis of Drivers and Restraints
6. Procurement As-a-Service - Europe Market Analysis
6.1 Procurement As-a-Service Market Overview
6.1.1 Europe: 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 Europe: Procurement as-a-Service Market, by Key Country
10.1.1.1 Germany: Procurement as-a-Service Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 Germany: Procurement as-a-Service Market, by Component
10.1.1.1.2 Germany: Procurement as-a-Service Market, by Enterprise Size
10.1.1.1.3 Germany: Procurement as-a-Service Market, by End-User Industry
10.1.1.2 France: Procurement as-a-Service Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 France: Procurement as-a-Service Market, by Component
10.1.1.2.2 France: Procurement as-a-Service Market, by Enterprise Size
10.1.1.2.3 France: Procurement as-a-Service Market, by End-User Industry
10.1.1.3 Italy: Procurement as-a-Service Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Italy: Procurement as-a-Service Market, by Component
10.1.1.3.2 Italy: Procurement as-a-Service Market, by Enterprise Size
10.1.1.3.3 Italy: Procurement as-a-Service Market, by End-User Industry
10.1.1.4 UK: Procurement as-a-Service Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.4.1 UK: Procurement as-a-Service Market, by Component
10.1.1.4.2 UK: Procurement as-a-Service Market, by Enterprise Size
10.1.1.4.3 UK: Procurement as-a-Service Market, by End-User Industry
10.1.1.5 Russia: Procurement as-a-Service Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.5.1 Russia: Procurement as-a-Service Market, by Component
10.1.1.5.2 Russia: Procurement as-a-Service Market, by Enterprise Size
10.1.1.5.3 Russia: Procurement as-a-Service Market, by End-User Industry
10.1.1.6 Rest of Europe: Procurement as-a-Service Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.6.1 Rest of Europe: Procurement as-a-Service Market, by Component
10.1.1.6.2 Rest of Europe: Procurement as-a-Service Market, by Enterprise Size
10.1.1.6.3 Rest of Europe: Procurement as-a-Service Market, by End-User Industry
11. Impact of COVID-19 Pandemic on Europe Procurement as-a Service Market
11.1.1 Europe: Impact Assessment of COVID-19 Pandemic
12. Europe 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 Publisher
14.2 Glossary of Terms
List of Tables
Table 1. Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. Europe: Procurement as-a-Service Market, by Country – Revenue and Forecast to 2027 (US$ Million)
Table 3. Germany: Procurement as-a-Service Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 4. Germany: Procurement as-a-Service Market, by Enterprise Size –Revenue and Forecast to 2027 (US$ Million)
Table 5. Germany: Procurement as-a-Service Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Million)
Table 6. France: Procurement as-a-Service Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 7. France: Procurement as-a-Service Market, by Enterprise Size –Revenue and Forecast to 2027 (US$ Million)
Table 8. France: Procurement as-a-Service Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Million)
Table 9. Italy: Procurement as-a-Service Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 10. Italy: Procurement as-a-Service Market, by Enterprise Size –Revenue and Forecast to 2027 (US$ Million)
Table 11. Italy: Procurement as-a-Service Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Million)
Table 12. UK: Procurement as-a-Service Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 13. UK: Procurement as-a-Service Market, by Enterprise Size –Revenue and Forecast to 2027 (US$ Million)
Table 14. UK: Procurement as-a-Service Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Million)
Table 15. Russia: Procurement as-a-Service Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 16. Russia: Procurement as-a-Service Market, by Enterprise Size –Revenue and Forecast to 2027 (US$ Million)
Table 17. Russia: Procurement as-a-Service Market, by End-User Industry–Revenue and Forecast to 2027 (US$ Million)
Table 18. Rest of Europe: Procurement as-a-Service Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 19. Rest of Europe: Procurement as-a-Service Market, by Enterprise Size –Revenue and Forecast to 2027 (US$ Million)
Table 20. Rest of Europe: 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. Europe Procurement As-a-Service Market Overview
Figure 4. Europe Procurement As-a-Service Market – Component Analysis
Figure 5. Europe Procurement As-a-Service Market – Enterprise Size Analysis
Figure 6. Europe – 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
Country Overview of Procurement As-a-Service Market
Figure 10. Europe: 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. Europe: Procurement as-a-Service Market Revenue Share, By Key Country (2019 and 2027)
Figure 30. Germany: Procurement as-a-Service Market – Revenue And Forecast To 2027 (US$ Million)
Figure 31. France: Procurement as-a-Service Market – Revenue And Forecast To 2027 (US$ Million)
Figure 32. Italy: Procurement as-a-Service Market – Revenue And Forecast To 2027 (US$ Million)
Figure 33. UK: Procurement as-a-Service Market – Revenue And Forecast To 2027 (US$ Million)
Figure 34. Russia: Procurement as-a-Service Market – Revenue And Forecast To 2027 (US$ Million)
Figure 35. Rest of Europe: Procurement as-a-Service Market – Revenue And Forecast To 2027 (US$ Million)
Figure 36. Impact of COVID-19 Pandemic In Europe Country Markets

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

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

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