Procurement-as-a-Service Market By Component, By Organization Size, By Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2031

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: PROCUREMENT-AS-A-SERVICE (PAAS) MARKET, BY COMPONENT
4.1 Overview
4.1.1 Market size and forecast
4.2 Strategic Sourcing
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Spend Management
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Process Management
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.4.4 Process Management Procurement-as-a-Service (PaaS) Market by Process Management Component
4.4.4.1 Platform Market size and forecast, by region
4.4.4.2 Platform Market size and forecast, by country
4.4.4.3 Services Market size and forecast, by region
4.4.4.4 Services Market size and forecast, by country
4.5 Category Management
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Contract Management
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
4.7 Transaction Management
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market analysis by country

CHAPTER 5: PROCUREMENT-AS-A-SERVICE (PAAS) MARKET, BY ORGANIZATION SIZE
5.1 Overview
5.1.1 Market size and forecast
5.2 Large Enterprise
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Small and Medium Enterprises
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country

CHAPTER 6: PROCUREMENT-AS-A-SERVICE (PAAS) MARKET, BY INDUSTRY VERTICAL
6.1 Overview
6.1.1 Market size and forecast
6.2 BFSI
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Manufacturing
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.3.4 Manufacturing Procurement-as-a-Service (PaaS) Market by Manufacturing Type
6.3.4.1 Food and Beverages Market size and forecast, by region
6.3.4.2 Food and Beverages Market size and forecast, by country
6.3.4.3 Industrial Machinery and Heavy Equipment Market size and forecast, by region
6.3.4.4 Industrial Machinery and Heavy Equipment Market size and forecast, by country
6.3.4.5 High Tech and Consumer Electronics Market size and forecast, by region
6.3.4.6 High Tech and Consumer Electronics Market size and forecast, by country
6.3.4.7 Automotive Market size and forecast, by region
6.3.4.8 Automotive Market size and forecast, by country
6.3.4.9 Others Market size and forecast, by region
6.3.4.10 Others Market size and forecast, by country
6.4 Retail
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 IT and Telecom
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Healthcare
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country
6.7 Others
6.7.1 Key market trends, growth factors and opportunities
6.7.2 Market size and forecast, by region
6.7.3 Market analysis by country

CHAPTER 7: PROCUREMENT-AS-A-SERVICE (PAAS) MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Component
7.2.2.1 North America Process Management Procurement-as-a-Service (PaaS) Market by Process Management Component
7.2.3 North America Market size and forecast, by Organization Size
7.2.4 North America Market size and forecast, by Industry Vertical
7.2.4.1 North America Manufacturing Procurement-as-a-Service (PaaS) Market by Manufacturing Type
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by Component
7.2.5.1.1.1 U. S. Process Management Procurement-as-a-Service (PaaS) Market by Process Management Component
7.2.5.1.2 Market size and forecast, by Organization Size
7.2.5.1.3 Market size and forecast, by Industry Vertical
7.2.5.1.3.1 U. S. Manufacturing Procurement-as-a-Service (PaaS) Market by Manufacturing Type
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Component
7.2.5.2.1.1 Canada Process Management Procurement-as-a-Service (PaaS) Market by Process Management Component
7.2.5.2.2 Market size and forecast, by Organization Size
7.2.5.2.3 Market size and forecast, by Industry Vertical
7.2.5.2.3.1 Canada Manufacturing Procurement-as-a-Service (PaaS) Market by Manufacturing Type
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Component
7.3.2.1 Europe Process Management Procurement-as-a-Service (PaaS) Market by Process Management Component
7.3.3 Europe Market size and forecast, by Organization Size
7.3.4 Europe Market size and forecast, by Industry Vertical
7.3.4.1 Europe Manufacturing Procurement-as-a-Service (PaaS) Market by Manufacturing Type
7.3.5 Europe Market size and forecast, by country
7.3.5.1 UK
7.3.5.1.1 Market size and forecast, by Component
7.3.5.1.1.1 UK Process Management Procurement-as-a-Service (PaaS) Market by Process Management Component
7.3.5.1.2 Market size and forecast, by Organization Size
7.3.5.1.3 Market size and forecast, by Industry Vertical
7.3.5.1.3.1 UK Manufacturing Procurement-as-a-Service (PaaS) Market by Manufacturing Type
7.3.5.2 Germany
7.3.5.2.1 Market size and forecast, by Component
7.3.5.2.1.1 Germany Process Management Procurement-as-a-Service (PaaS) Market by Process Management Component
7.3.5.2.2 Market size and forecast, by Organization Size
7.3.5.2.3 Market size and forecast, by Industry Vertical
7.3.5.2.3.1 Germany Manufacturing Procurement-as-a-Service (PaaS) Market by Manufacturing Type
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Component
7.3.5.3.1.1 France Process Management Procurement-as-a-Service (PaaS) Market by Process Management Component
7.3.5.3.2 Market size and forecast, by Organization Size
7.3.5.3.3 Market size and forecast, by Industry Vertical
7.3.5.3.3.1 France Manufacturing Procurement-as-a-Service (PaaS) Market by Manufacturing Type
7.3.5.4 Spain
7.3.5.4.1 Market size and forecast, by Component
7.3.5.4.1.1 Spain Process Management Procurement-as-a-Service (PaaS) Market by Process Management Component
7.3.5.4.2 Market size and forecast, by Organization Size
7.3.5.4.3 Market size and forecast, by Industry Vertical
7.3.5.4.3.1 Spain Manufacturing Procurement-as-a-Service (PaaS) Market by Manufacturing Type
7.3.5.5 Italy
7.3.5.5.1 Market size and forecast, by Component
7.3.5.5.1.1 Italy Process Management Procurement-as-a-Service (PaaS) Market by Process Management Component
7.3.5.5.2 Market size and forecast, by Organization Size
7.3.5.5.3 Market size and forecast, by Industry Vertical
7.3.5.5.3.1 Italy Manufacturing Procurement-as-a-Service (PaaS) Market by Manufacturing Type
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Component
7.3.5.6.1.1 Rest of Europe Process Management Procurement-as-a-Service (PaaS) Market by Process Management Component
7.3.5.6.2 Market size and forecast, by Organization Size
7.3.5.6.3 Market size and forecast, by Industry Vertical
7.3.5.6.3.1 Rest of Europe Manufacturing Procurement-as-a-Service (PaaS) Market by Manufacturing Type
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Component
7.4.2.1 Asia-Pacific Process Management Procurement-as-a-Service (PaaS) Market by Process Management Component
7.4.3 Asia-Pacific Market size and forecast, by Organization Size
7.4.4 Asia-Pacific Market size and forecast, by Industry Vertical
7.4.4.1 Asia-Pacific Manufacturing Procurement-as-a-Service (PaaS) Market by Manufacturing Type
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Component
7.4.5.1.1.1 China Process Management Procurement-as-a-Service (PaaS) Market by Process Management Component
7.4.5.1.2 Market size and forecast, by Organization Size
7.4.5.1.3 Market size and forecast, by Industry Vertical
7.4.5.1.3.1 China Manufacturing Procurement-as-a-Service (PaaS) Market by Manufacturing Type
7.4.5.2 India
7.4.5.2.1 Market size and forecast, by Component
7.4.5.2.1.1 India Process Management Procurement-as-a-Service (PaaS) Market by Process Management Component
7.4.5.2.2 Market size and forecast, by Organization Size
7.4.5.2.3 Market size and forecast, by Industry Vertical
7.4.5.2.3.1 India Manufacturing Procurement-as-a-Service (PaaS) Market by Manufacturing Type
7.4.5.3 Japan
7.4.5.3.1 Market size and forecast, by Component
7.4.5.3.1.1 Japan Process Management Procurement-as-a-Service (PaaS) Market by Process Management Component
7.4.5.3.2 Market size and forecast, by Organization Size
7.4.5.3.3 Market size and forecast, by Industry Vertical
7.4.5.3.3.1 Japan Manufacturing Procurement-as-a-Service (PaaS) Market by Manufacturing Type
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Component
7.4.5.4.1.1 South Korea Process Management Procurement-as-a-Service (PaaS) Market by Process Management Component
7.4.5.4.2 Market size and forecast, by Organization Size
7.4.5.4.3 Market size and forecast, by Industry Vertical
7.4.5.4.3.1 South Korea Manufacturing Procurement-as-a-Service (PaaS) Market by Manufacturing Type
7.4.5.5 Australia
7.4.5.5.1 Market size and forecast, by Component
7.4.5.5.1.1 Australia Process Management Procurement-as-a-Service (PaaS) Market by Process Management Component
7.4.5.5.2 Market size and forecast, by Organization Size
7.4.5.5.3 Market size and forecast, by Industry Vertical
7.4.5.5.3.1 Australia Manufacturing Procurement-as-a-Service (PaaS) Market by Manufacturing Type
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Component
7.4.5.6.1.1 Rest of Asia-Pacific Process Management Procurement-as-a-Service (PaaS) Market by Process Management Component
7.4.5.6.2 Market size and forecast, by Organization Size
7.4.5.6.3 Market size and forecast, by Industry Vertical
7.4.5.6.3.1 Rest of Asia-Pacific Manufacturing Procurement-as-a-Service (PaaS) Market by Manufacturing Type
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Component
7.5.2.1 LAMEA Process Management Procurement-as-a-Service (PaaS) Market by Process Management Component
7.5.3 LAMEA Market size and forecast, by Organization Size
7.5.4 LAMEA Market size and forecast, by Industry Vertical
7.5.4.1 LAMEA Manufacturing Procurement-as-a-Service (PaaS) Market by Manufacturing Type
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Component
7.5.5.1.1.1 Brazil Process Management Procurement-as-a-Service (PaaS) Market by Process Management Component
7.5.5.1.2 Market size and forecast, by Organization Size
7.5.5.1.3 Market size and forecast, by Industry Vertical
7.5.5.1.3.1 Brazil Manufacturing Procurement-as-a-Service (PaaS) Market by Manufacturing Type
7.5.5.2 Mexico
7.5.5.2.1 Market size and forecast, by Component
7.5.5.2.1.1 Mexico Process Management Procurement-as-a-Service (PaaS) Market by Process Management Component
7.5.5.2.2 Market size and forecast, by Organization Size
7.5.5.2.3 Market size and forecast, by Industry Vertical
7.5.5.2.3.1 Mexico Manufacturing Procurement-as-a-Service (PaaS) Market by Manufacturing Type
7.5.5.3 UAE
7.5.5.3.1 Market size and forecast, by Component
7.5.5.3.1.1 UAE Process Management Procurement-as-a-Service (PaaS) Market by Process Management Component
7.5.5.3.2 Market size and forecast, by Organization Size
7.5.5.3.3 Market size and forecast, by Industry Vertical
7.5.5.3.3.1 UAE Manufacturing Procurement-as-a-Service (PaaS) Market by Manufacturing Type
7.5.5.4 Saudi Arabia
7.5.5.4.1 Market size and forecast, by Component
7.5.5.4.1.1 Saudi Arabia Process Management Procurement-as-a-Service (PaaS) Market by Process Management Component
7.5.5.4.2 Market size and forecast, by Organization Size
7.5.5.4.3 Market size and forecast, by Industry Vertical
7.5.5.4.3.1 Saudi Arabia Manufacturing Procurement-as-a-Service (PaaS) Market by Manufacturing Type
7.5.5.5 South Africa
7.5.5.5.1 Market size and forecast, by Component
7.5.5.5.1.1 South Africa Process Management Procurement-as-a-Service (PaaS) Market by Process Management Component
7.5.5.5.2 Market size and forecast, by Organization Size
7.5.5.5.3 Market size and forecast, by Industry Vertical
7.5.5.5.3.1 South Africa Manufacturing Procurement-as-a-Service (PaaS) Market by Manufacturing Type
7.5.5.6 Rest of LAMEA
7.5.5.6.1 Market size and forecast, by Component
7.5.5.6.1.1 Rest of LAMEA Process Management Procurement-as-a-Service (PaaS) Market by Process Management Component
7.5.5.6.2 Market size and forecast, by Organization Size
7.5.5.6.3 Market size and forecast, by Industry Vertical
7.5.5.6.3.1 Rest of LAMEA Manufacturing Procurement-as-a-Service (PaaS) Market by Manufacturing Type

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 Accenture, Plc
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Aegis One Consults Ltd
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 CA Technologies
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Capgemini
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Corbus India LLP
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 F-code
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Genpact
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 HCL Technologies Limited
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 IBM Corporation
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Infosys Limited
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 Proxima Group
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 TATA Consultancy Services
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 Wipro
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
9.14 WNS Global
9.14.1 Company overview
9.14.2 Company snapshot
9.14.3 Operating business segments
9.14.4 Product portfolio
9.14.5 Business performance
9.14.6 Key strategic moves and developments
9.15 X Changing Solutions
9.15.1 Company overview
9.15.2 Company snapshot
9.15.3 Operating business segments
9.15.4 Product portfolio
9.15.5 Business performance
9.15.6 Key strategic moves and developments
9.16 GEP
9.16.1 Company overview
9.16.2 Company snapshot
9.16.3 Operating business segments
9.16.4 Product portfolio
9.16.5 Business performance
9.16.6 Key strategic moves and developments
9.17 Simfoni Limited
9.17.1 Company overview
9.17.2 Company snapshot
9.17.3 Operating business segments
9.17.4 Product portfolio
9.17.5 Business performance
9.17.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Procurement-as-a-Service (PaaS) Market,' the procurement-as-a-service market size was valued at $6.2 billion in 2021, and is estimated to reach $20 billion by 2031, growing at a CAGR of 12.5% from 2022 to 2031.

Procurement-as-a-service (PaaS) offers advanced tools for inventory and procurement management to business enterprises. Furthermore, procurement-as-a-service (PaaS) can provide a systematic strategy for optimizing the output of a company’s supply chain network in order to achieve peak performance.

The growth in market competition and the demand for work from home & remote working policies during the period of the COVID-19 pandemic aided in propelling the growth of the global remote and automated solutions such as procurement solutions and services during the period, hence empowering the demand for procurement-as-a-service industry. Moreover, the sudden economic imbalance and supply chain challenges during the period positively impacted the need for procurement-as-a-service industry. However, data privacy and sharing risks associated with third-party procurement as service vendors can hamper the procurement-as-a-service market forecast. On the contrary, the integration of advanced tools such as machine learning and data analytics with procurement management suite is expected to offer remunerative opportunities for expansion of the procurement-as-a-service market size during the forecast period.

The procurement-as-a-service market is segmented on the basis of component, organization size, industry vertical, and region. On the basis of component, the industry is divided into strategic sourcing, spend management, process management, category management, contract management, and transaction management. Based on organization size, the market is bifurcated into large enterprises and small and medium enterprises. The industry vertical covered in the study include BFSI, manufacturing, retail, IT and telecom, healthcare, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Governments and businesses have implemented work from home or are shifting work to employees in less affected areas to maintain business continuity during the pandemic. However, the situation has accelerated the adoption of advanced technologies such as artificial intelligence (AI), automation, and virtualization to control costs while improving the customer experience. Moreover, there is a surge in demand for online shopping, which has led to the need for food & beverage, manufacturing, and logistics companies to invest more in the automation of supply chains. For instance, as per the different studies in 2020, there has been around a 28% increase in online purchases across the globe, which is mainly driven by the pandemic. In addition, there is around a 60% increase in the trend of buying online and picking up service from the store. More number of companies are investing in procurement-as-a-service (PaaS) solutions during the pandemic. For instance, in July 2020, Honeywell conducted a survey that confirmed that the company is focusing on investing in warehouse execution software, with around 48% of respondents confirming it. Such investments drive the growth of the procurement-as-a-service industry.

KEY FINDINGS OF THE STUDY

By organization size, the large enterprises segment accounted for the largest procurement-as-a-service market share in 2021.

By region, North America generated the highest revenue in 2021.

By industry vertical, the manufacturing segment generated the highest revenue in 2021.

The key players profiled in the procurement-as-a-service market analysis are Accenture, Plc, Aegis One Consults Ltd, CA Technologies, Capgemini, Corbus India LLP, F-code, Genpact, HCL Technologies Limited, IBM Corporation, Infosys Limited, Proxima Group, TATA Consultancy Services, Wipro, WNS Global, X Changing Solutions, GEP, Simfoni Limited. These players have adopted various strategies to increase their market penetration and strengthen their position in the procurement-as-a-service industry.

Companies Mentioned

• Accenture, PLC
• Aegis One Consults Ltd.
• Ca Technologies
• Capgemini
• Corbus India Llp
• F-Code
• Genpact
• Hcl Technologies Limited
• IBM Corporation
• Infosys Limited
• Proxima Group
• Tata Consultancy Services
• Wipro
• Wns Global
• X Changing Solutions
• Gep
• Simfoni Limited

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.