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Asia Pacific Procurement as a Service Market By Component, By Enterprise Size, By Application, By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027

  • ID: 5354411
  • Report
  • June 2021
  • Region: Asia Pacific
  • 129 pages
  • Marqual IT Solutions Pvt. Ltd (KBV Research)

FEATURED COMPANIES

  • Accenture PLC
  • Broadcom, Inc.
  • Genpact Limited
  • GEP
  • IBM Corporation
  • Infosys Limited
  • MORE
The Asia Pacific Procurement as a Service Market is expected to witness market growth of 10.2% CAGR during the forecast period (2021-2027).

Procurement as a service refers to an outsource procurement model having the expertise to manage the procurement activities of a company with the help of technology. In modern times, various companies are dependent significantly on digital technology to perform sourcing and procurement functions while monitoring payments and purchases. There is high popularity of the use of digital technologies to automate the different kinds of activities, and this trend will positively impact the growth of the market during the forecast period. The incorporation of technology that allows strategic sourcing and supplier management to become proactive and predictive will play a major role in cutting down the operating costs. As a service vendor, the goal of procurement is to harness the new technology in order to assist companies in predicting better regarding sourcing and procurement will support the demand during the forecast period.

The procurement as a service market is expected to showcase a massive demand throughout the forecast years. One of the major catalysts for the growth of the global market is the growing need among companies to reduce the cost associated with procurement activities and simplify procurement activities. In addition to it, the market is expected to witness massive growth & demand due to the surge in the penetration of advanced technologies like artificial intelligence. With increasing competition at the worldwide level, the supply chains are deploying advanced processes to facilitate productivity and business operations. There has been an advent of customized offerings, which has encouraged the service vendors to switch their business towards the “as-a-service” model.

Asia-Pacific region is proactive in deploying the new technologies and installing them in several industries. Enterprises across many businesses in the region like manufacturing, retail, and utility industries, have started to deploy new technologies like IoT, and AI with an aim to improve business operations and customer services. These factors are set to boost the further development of regional procurement as a service market in the forthcoming years.

Procurement is one of the most essential and complicated business processes in SMEs and large enterprises, as this business function is accountable for several daily operations of the enterprises. The business process outsourcing (BPO) sector is a highly matured industry and it aims at offering significant cost advantages without hindering the value provided to the business stakeholders, and hence, focusing on collaboration with service vendors. Europe is a significant manufacturing and industrial hub for various industrial sectors like aerospace & defense, IT, energy & power, automotive, pharmaceuticals, and food & beverages. Therefore, owing to the COVID-19 scenario, business lockdowns, travel bans, and supply chain disturbances, the economy and industrial development of the region have witnessed a declining trend in the last couple of months. This is expected to slow down the growth of the regional market.

The China market dominated the Asia Pacific BFSI Procurement as a Service Market by Country 2020, thereby, achieving a market value of $98.1 million by 2027. The Japan market is showcasing a CAGR of 10.8% during (2021 - 2027). Additionally, The India market is poised to grow at a CAGR of 12% during (2021 - 2027).

Based on Component, the market is segmented into Strategic Sourcing, Process Management, Category Management, Transaction Management, Spend Management, Contract Management, and Others. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprise. Based on Application, the market is segmented into Manufacturing, Retail, BFSI, Healthcare, IT & Telecom and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Accenture PLC, Broadcom, Inc., HCL Technologies Ltd. (HCL Enterprises), Genpact Limited, Infosys Limited, Wipro Limited, Tata Consultancy Services Ltd., GEP, and WNS (Holdings) Ltd.

Scope of the Study

Market Segments covered in the Report:

By Component
  • Strategic Sourcing
  • Process Management
  • Category Management
  • Transaction Management
  • Spend Management
  • Contract Management
  • Others
By Enterprise Size
  • Large Enterprises
  • Small & Medium Enterprise
By Application
  • Manufacturing
  • Retail
  • BFSI
  • Healthcare
  • IT & Telecom
  • Others
By Country
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
Companies Profiled
  • IBM Corporation
  • Accenture PLC
  • Broadcom, Inc.
  • HCL Technologies Ltd. (HCL Enterprises)
  • Genpact Limited
  • Infosys Limited
  • Wipro Limited
  • Tata Consultancy Services Ltd.
  • GEP
  • WNS (Holdings) Ltd.
Unique Offerings from the Publisher
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Accenture PLC
  • Broadcom, Inc.
  • Genpact Limited
  • GEP
  • IBM Corporation
  • Infosys Limited
  • MORE
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Procurement As A Service Market, by Component
1.4.2 Asia Pacific Procurement As A Service Market, by Enterprise Size
1.4.3 Asia Pacific Procurement As A Service Market, by Application
1.4.4 Asia Pacific Procurement As A Service Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Jan - 2021, May) Leading Players

Chapter 4. Asia Pacific Procurement as a Service Market by Component
4.1 Asia Pacific Strategic Sourcing Procurement as a Service Market by Country
4.2 Asia Pacific Process Management Procurement as a Service Market by Country
4.3 Asia Pacific Category Management Procurement as a Service Market by Country
4.4 Asia Pacific Transaction Management Procurement as a Service Market by Country
4.5 Asia Pacific Spend Management Procurement as a Service Market by Country
4.6 Asia Pacific Contract Management Procurement as a Service Market by Country
4.7 Asia Pacific Other Component Procurement as a Service Market by Country

Chapter 5. Asia Pacific Procurement as a Service Market by Enterprise Size
5.1 Asia Pacific Procurement as a Service Large Enterprises Market by Country
5.2 Asia Pacific Procurement as a Service Small & Medium Enterprise Market by Country

Chapter 6. Asia Pacific Procurement as a Service Market by Application
6.1 Asia Pacific Manufacturing Procurement as a Service Market by Country
6.2 Asia Pacific Retail Procurement as a Service Market by Country
6.3 Asia Pacific BFSI Procurement as a Service Market by Country
6.4 Asia Pacific Healthcare Procurement as a Service Market by Country
6.5 Asia Pacific IT & Telecom Procurement as a Service Market by Country
6.6 Asia Pacific Others Procurement as a Service Market by Country

Chapter 7. Asia Pacific Procurement as a Service Market by Country
7.1 China Procurement as a Service Market
7.1.1 China Procurement as a Service Market by Component
7.1.2 China Procurement as a Service Market by Enterprise Size
7.1.3 China Procurement as a Service Market by Application
7.2 Japan Procurement as a Service Market
7.2.1 Japan Procurement as a Service Market by Component
7.2.2 Japan Procurement as a Service Market by Enterprise Size
7.2.3 Japan Procurement as a Service Market by Application
7.3 India Procurement as a Service Market
7.3.1 India Procurement as a Service Market by Component
7.3.2 India Procurement as a Service Market by Enterprise Size
7.3.3 India Procurement as a Service Market by Application
7.4 South Korea Procurement as a Service Market
7.4.1 South Korea Procurement as a Service Market by Component
7.4.2 South Korea Procurement as a Service Market by Enterprise Size
7.4.3 South Korea Procurement as a Service Market by Application
7.5 Singapore Procurement as a Service Market
7.5.1 Singapore Procurement as a Service Market by Component
7.5.2 Singapore Procurement as a Service Market by Enterprise Size
7.5.3 Singapore Procurement as a Service Market by Application
7.6 Malaysia Procurement as a Service Market
7.6.1 Malaysia Procurement as a Service Market by Component
7.6.2 Malaysia Procurement as a Service Market by Enterprise Size
7.6.3 Malaysia Procurement as a Service Market by Application
7.7 Rest of Asia Pacific Procurement as a Service Market
7.7.1 Rest of Asia Pacific Procurement as a Service Market by Component
7.7.2 Rest of Asia Pacific Procurement as a Service Market by Enterprise Size
7.7.3 Rest of Asia Pacific Procurement as a Service Market by Application

Chapter 8. Company Profiles
8.1 IBM Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional & Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Accenture PLC
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.6 SWOT Analysis
8.3 Broadcom, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 SWOT Analysis
8.4 HCL Technologies Ltd. (HCL Enterprises)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Genpact Limited
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Partnerships, Collaborations, and Agreements:
8.5.4.2 Acquisition and Mergers:
8.6 Infosys Limited
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 Wipro Limited
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research and Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.5.2 Acquisition and Mergers:
8.7.6 SWOT Analysis
8.8 Tata Consultancy Services Ltd.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Recent strategies and developments:
8.8.4.1 Partnerships, Collaborations, and Agreements:
8.8.5 SWOT Analysis
8.9 GEP
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.10. WNS (Holdings) Ltd.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Recent strategies and developments:
8.10.4.1 Partnerships, Collaborations, and Agreements:
8.10.4.2 Acquisition and Mergers:
Note: Product cover images may vary from those shown
  • IBM Corporation
  • Accenture PLC
  • Broadcom, Inc.
  • HCL Technologies Ltd. (HCL Enterprises)
  • Genpact Limited
  • Infosys Limited
  • Wipro Limited
  • Tata Consultancy Services Ltd.
  • GEP
  • WNS (Holdings) Ltd.
Note: Product cover images may vary from those shown

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