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North America 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
North America 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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North America 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: North America
  • The Insight Partners
  • ID: 5147220
UP TO OFF until Jun 30th 2024
Description Jump to:
The procurement as-a-service market in North America is expected to grow from US$ 1,059.4 million in 2019 to US$ 1,430.4 million by 2027; it is estimated to grow at a CAGR of 4.94% from 2020 to 2027.

AI is a major enabler technology; it simulates human decision making by examining data, creating hypotheses, and assessing evidence to make an informed decision. Procurement service providers can use these technologies in order to enhance business operations and achieve cost savings through better process efficiency; it helps to identify tail spend suppliers.

North America is active in adopting the latest technologies and implementing them in various industries. In the region, several businesses are working with Artificial intelligence (AI) and sophisticated machine learning algorithms technologies. However, the potential of such cognitive technologies to make an impact in a business to business (B2B) environment has not fully realized yet.

The governments of various countries in North America are taking several initiatives to protect people and to contain COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. These measures are expected to have a direct impact on the region’s economic growth as the region is likely to face lower export revenues due to reduction in export volumes. The presence of various developed countries in North America makes this region as one of the key markets for the growth of procurement as-a-service market. Hence, the negative impact of COVID-19 on supply and demand of various products and services as well as on the businesses operating in the region is expected to affect the growth of procurement as-a-service market.

The overall North America 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 North America 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 North America procurement as-a-service market. Key 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 North America - 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 Industries focusing on outsourcing their procurement operations to reduce operational costs involved in procurement activities
5.1.2 Positive impact of BPO evolution and rising focus on offering customizable services
5.2 Market Restraint
5.2.1 Increase in cyber crimes
5.3 Market Opportunity
5.3.1 Enhance procurement performance and reduce operational costs to provide lucrative business opportunities for the market
5.4 Future Trend
5.4.1 Advent of artificial intelligence (AI) in the procurement
5.5 Impact Analysis of Drivers and Restraints
6. Procurement As-a-Service - North America Market Analysis
6.1 Procurement As-a-Service Market Overview
6.1.1 North America: 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 North America: Procurement as-a-Service Market, by Key Country
10.1.1.1 US: Procurement as-a-Service Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.1.1 US: Procurement as-a-Service Market, by Component
10.1.1.1.2 US: Procurement as-a-Service Market, by Enterprise Size
10.1.1.1.3 US: Procurement as-a-Service Market, by End-User Industry
10.1.1.2 Canada: Procurement as-a-Service Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.2.1 Canada: Procurement as-a-Service Market, by Component
10.1.1.2.2 Canada: Procurement as-a-Service Market, by Enterprise Size
10.1.1.2.3 Canada: Procurement as-a-Service Market, by End-User Industry
10.1.1.3 Mexico: Procurement as-a-Service Market - Revenue and Forecast to 2027 (US$ Million)
10.1.1.3.1 Mexico: Procurement as-a-Service Market, by Component
10.1.1.3.2 Mexico: Procurement as-a-Service Market, by Enterprise Size
10.1.1.3.3 Mexico: Procurement as-a-Service Market, by End-User Industry
11. Impact of COVID-19 Pandemic on North America Procurement as-a Service Market
11.1.1 North America: Impact Assessment of COVID-19 Pandemic
12. North America 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. North America : Procurement as-a-Service Market, by Country – Revenue and Forecast to 2027 (US$ Million)
Table 3. US: Procurement as-a-Service Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 4. US: Procurement as-a-Service Market, by Enterprise Size –Revenue and Forecast to 2027 (US$ Million)
Table 5. US: Procurement as-a-Service Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Million)
Table 6. Canada: Procurement as-a-Service Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 7. Canada: Procurement as-a-Service Market, by Enterprise Size –Revenue and Forecast to 2027 (US$ Million)
Table 8. Canada: Procurement as-a-Service Market, by End-User Industry –Revenue and Forecast to 2027 (US$ Million)
Table 9. Mexico: Procurement as-a-Service Market, by Component –Revenue and Forecast to 2027 (US$ Million)
Table 10. Mexico: Procurement as-a-Service Market, by Enterprise Size –Revenue and Forecast to 2027 (US$ Million)
Table 11. Mexico: 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. North America Procurement As-a-Service Market Overview
Figure 4. North America Procurement As-a-Service Market – Component Analysis
Figure 5. North America Procurement As-a-Service Market – Enterprise Size Analysis
Figure 6. North America – 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 1. North America: Procurement as-a-Service Market – Revenue and Forecast To 2027 (US$ Million)
Figure 2. Procurement As-a-Service Market Revenue Share, by Component (2019 and 2027)
Figure 3. Strategic Sourcing: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 4. Spend Management: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 5. Category Management: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 6. Process Management: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 7. Contract Management: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 8. Transaction Management: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 9. Procurement As-a-Service Market Revenue Share, by Enterprise Size (2019 and 2027)
Figure 10. SMEs: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 11. Large Enterprises: Procurement As-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 12. Procurement as-a-Service Market Revenue Share, by End-User Industry (2019 and 2027)
Figure 13. IT and Telecom: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 14. Consumer Goods and Retail: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 15. Manufacturing: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 16. Energy and Utility: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17. Healthcare: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 18. Hospitality and Tourism: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. Others: Procurement as-a-Service Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. North America: Procurement as-a-Service Market Revenue Share, By Key Country (2019 and 2027)
Figure 21. US: Procurement as-a-Service Market – Revenue And Forecast To 2027 (US$ Million)
Figure 22. Canada: Procurement as-a-Service Market – Revenue And Forecast To 2027 (US$ Million)
Figure 23. Mexico: Procurement as-a-Service Market – Revenue And Forecast To 2027 (US$ Million)
Figure 24. Impact of COVID-19 Pandemic In North American 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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