South and Central America Procurement as-a-Service Market

Market Introduction

Procurement as-a-service offers support to the end-users to select the categories for sourcing and allocate category experts to manage purchasing for those categories. Procurement as-a-service is similar to SaaS, or software as a service, but manages procurement services. Though, the procurement BPO has made a late enter to the outsourcing market, 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.

South and Central America Procurement as-a-Service Strategic Insights

Strategic insights for the South and Central America 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.

South and Central America Procurement as-a-Service Report Scope

South and Central America Procurement as-a-Service Regional Insights

The geographic scope of the South and Central America 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 South and Central America procurement as-a-service market is expected to reach US$ 689.8 million by 2027 from US$ 452.8 million in 2019, at a CAGR of 6.50 % from 2020 to 2027. Increasing adoption of procurement as-a-service model by enterprises to streamline their process, which in turn is driving the growth of the market. The procurement has a significant role to play in enhancing the supply chain transparency, delivering enterprise-wide cost reduction, and accessing supplier innovation.

However, due to COVID-19 majority of the manufacturing plants are shut down, municipalities are functioning slowly as compared to the past, and the automotive and semiconductor industries are at a halt, which is negatively impacting the procurement as-a service market.

Key Market Segments

In terms of component, the spend management segment accounted for a larger share of the South and Central America 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 South and Central America are company websites, annual reports, financial reports, national government documents, and statistical database. Major companies listed in the report are Accenture.; CAPGEMINI SE; Genpact Ltd, HCL Technologies and Infosys Ltd among others.

Reasons to Buy Report

• Understand the South and Central America procurement as-a-service market landscape and identify market segments that are most likely to guarantee a strong return
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• Efficiently plan merger and acquisition, and partnership deals in the South and Central America 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 South and Central America procurement as-a-service market based on various segments for the period 2020–2027

SOUTH AND CENTRAL AMERICA PROCUREMENT AS-A-SERVICE MARKET SEGMENTATION

South and Central America Procurement as-a-Service Market – by Component

• Strategic Sourcing
• Spend Management
• Category Management
• Process Management
• Contract Management
• Transaction Management

South and Central America Procurement as-a-Service Market – by Enterprise Size

• SMEs
• Large Enterprises

South and Central America 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

South and Central America Procurement as-a-Service Market – by Country

• Brazil
• Argentina
• Rest of SAM

Company Profiles

• Accenture
• CAPGEMINI SE
• Genpact Ltd
• HCL Technologies
• Infosys Ltd
• Wipro Limited
• WNS (Holdings) Limited