Asia-Pacific Procurement as-a-Service Market

Market Introduction

Procurement are of 2 types, including, direct and indirect procurement. The direct procurement is a process that is involved in acquiring various raw materials and goods for final product production. Whereas, in indirect procurement process, the enterprises are involved in purchasing services or supplies that are needed to keep the day-to-day business alive. This comprises things such as acquiring services or buying office supplies, and repairing equipment.

Asia-Pacific Procurement as-a-Service Strategic Insights

Strategic insights for the Asia-Pacific Procurement as-a-Service provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia-Pacific Procurement as-a-Service Report Scope

Asia-Pacific Procurement as-a-Service Regional Insights

The geographic scope of the Asia-Pacific Procurement as-a-Service refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The Asia-Pacific procurement as-a-service market is expected to reach US$ 1496.8 million by 2027 from US$ 907.6 million in 2019, at a CAGR of 7.60% from 2020 to 2027. large number of enterprises are increasingly focusing on streamlining their procurement processes with adoption of procurement as-a-service model, which in turn is driving the growth of the market. Additionally, the procurement as a service model not only offers cost reduction and flexibility and but also provides a subject matter expertise to the enterprises.

In addition to this, APAC is also a global manufacturing hub with countries such as China, Japan, South Korea, and India leading the manufacturing of sectors such as consumer electronics, semiconductor, and automotive among others. The ongoing COVID-19 is anticipated to cause huge disruptions in the growth of various industries of Asia Pacific region. This will also have negative impact on procurement as-a-Service market.

Key Market Segments

In terms of component, the spend management segment accounted for a larger share of the Asia-Pacific procurement as-a-service market in 2019. In terms of enterprise size, the large enterprise segment held the largest market share of in 2019. Further, the manufacturing segment accounted for the largest share of the market based on end user in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the procurement as-a-service market in Asia-Pacific are company websites, annual reports, financial reports, national government documents, and statistical database. Major companies listed in the report are Accenture.; CAPGEMINI SE; Corbus, LLC; Genpact Ltd, and IBM Corporation among others.

Reasons to Buy Report

• Understand the Asia-Pacific procurement as-a-service market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive market landscape
• Efficiently plan merger and acquisition, and partnership deals in the Asia-Pacific procurement as-a-service market by identifying market segments with the most promising probable sales
• Make knowledgeable business decisions from perceptive and comprehensive analysis of the performance of various market segment
• Obtain revenue forecast for the Asia-Pacific procurement as-a-service market based on various segments for the period 2020–2027

ASIA-PACIFIC PROCUREMENT AS-A-SERVICE MARKET SEGMENTATION

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

Company Profiles

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