The Europe Procurement as a Service Market would witness market growth of 6.5% CAGR during the forecast period (2021-2027).
Procurement as a service is constantly growing, but only big companies are capable to put investment in all the features procurement has to provide. The employees in small enterprises will gain access to targeted technology and expertise at an average price point and thus, they can prove to be reasonable in their investment. In the last few years, procurement outsourcing has paved the way for larger enterprises to experience cost savings. Organizations like Amazon and Walmart have utilized their purchasing plans to acquire a competitive edge over the small and medium (SME) enterprises they compete with each day, and in this domain, the new entrants face fierce competition.
The demand of the market would be boosted by the requirement to enhance procurement function with the help of new technologies for sales. Since supply chains around the globe will focus on bringing transformation in the processes in order to increase productivity and business operations, the demand for procurement as a service will witness an abrupt rise. The intensity of the present pandemic acts as a wake-up call for service vendors as the conventional procurement models are becoming impractical. This is due to the devastation in the past was majorly restricted to a particular region/country. Though, the current pandemic has crippled many industries across the world, impacting B2B as well as B2C enterprises. Responding to such a scenario, the goal of global procurement service vendors has switched from conducting negotiation contracts or sourcing processes to establish a partnership with businesses to facilitate the short as well as long-term business continuity of their customers.
Hospitals and healthcare experts immediately require medical supplies and personal protective tools by public authorities. The European Commission has published new guidance for public buyers to assists public authorities utilize the flexibility offered by the EU’s public procurement framework with an aim to make sure the fast and effective purchases of all the essential tools.
In various companies, it is sometimes very hard to minimize the costs; however, procurement services enable the companies to focus on their core competencies and categories, provide higher spending control, improve service levels, and business relationships. There is a rapid rise in the demand for procurement services due to the market conditions in the region and the need for organizations to maintain and reduce prices without eliminating resources.
The Germany market dominated the Europe Procurement as a Service Small & Medium Enterprise Market by Country 2020, thereby, achieving a market value of $340.9 million by 2027. The UK market is exhibiting a CAGR of 6.4% during (2021 - 2027). Additionally, The France market is anticipated to grow at a CAGR of 8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Procurement as a Service Market Size will Hit $10.3 Billion by 2027, at a CAGR of 7.9%
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- 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.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Procurement As A Service Market, by Component
1.4.2 Europe Procurement As A Service Market, by Enterprise Size
1.4.3 Europe Procurement As A Service Market, by Application
1.4.4 Europe 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 KBV 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. Europe Procurement as a Service Market by Component
4.1 Europe Strategic Sourcing Procurement as a Service Market by Country
4.2 Europe Process Management Procurement as a Service Market by Country
4.3 Europe Category Management Procurement as a Service Market by Country
4.4 Europe Transaction Management Procurement as a Service Market by Country
4.5 Europe Spend Management Procurement as a Service Market by Country
4.6 Europe Contract Management Procurement as a Service Market by Country
4.7 Europe Other Component Procurement as a Service Market by Country
Chapter 5. Europe Procurement as a Service Market by Enterprise Size
5.1 Europe Procurement as a Service Large Enterprises Market by Country
5.2 Europe Procurement as a Service Small & Medium Enterprise Market by Country
Chapter 6. Europe Procurement as a Service Market by Application
6.1 Europe Manufacturing Procurement as a Service Market by Country
6.2 Europe Retail Procurement as a Service Market by Country
6.3 Europe BFSI Procurement as a Service Market by Country
6.4 Europe Healthcare Procurement as a Service Market by Country
6.5 Europe IT & Telecom Procurement as a Service Market by Country
6.6 Europe Others Procurement as a Service Market by Country
Chapter 7. Europe Procurement as a Service Market by Country
7.1 Germany Procurement as a Service Market
7.1.1 Germany Procurement as a Service Market by Component
7.1.2 Germany Procurement as a Service Market by Enterprise Size
7.1.3 Germany Procurement as a Service Market by Application
7.2 UK Procurement as a Service Market
7.2.1 UK Procurement as a Service Market by Component
7.2.2 UK Procurement as a Service Market by Enterprise Size
7.2.3 UK Procurement as a Service Market by Application
7.3 France Procurement as a Service Market
7.3.1 France Procurement as a Service Market by Component
7.3.2 France Procurement as a Service Market by Enterprise Size
7.3.3 France Procurement as a Service Market by Application
7.4 Russia Procurement as a Service Market
7.4.1 Russia Procurement as a Service Market by Component
7.4.2 Russia Procurement as a Service Market by Enterprise Size
7.4.3 Russia Procurement as a Service Market by Application
7.5 Spain Procurement as a Service Market
7.5.1 Spain Procurement as a Service Market by Component
7.5.2 Spain Procurement as a Service Market by Enterprise Size
7.5.3 Spain Procurement as a Service Market by Application
7.6 Italy Procurement as a Service Market
7.6.1 Italy Procurement as a Service Market by Component
7.6.2 Italy Procurement as a Service Market by Enterprise Size
7.6.3 Italy Procurement as a Service Market by Application
7.7 Rest of Europe Procurement as a Service Market
7.7.1 Rest of Europe Procurement as a Service Market by Component
7.7.2 Rest of Europe Procurement as a Service Market by Enterprise Size
7.7.3 Rest of Europe 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:
TABLE 1 Europe Procurement as a Service Market, 2017 - 2020, USD Million
TABLE 2 Europe Procurement as a Service Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Procurement as a Service Market
TABLE 4 Acquisition and Mergers– Procurement as a Service Market
TABLE 5 Europe Procurement as a Service Market by Component, 2017 - 2020, USD Million
TABLE 6 Europe Procurement as a Service Market by Component, 2021 - 2027, USD Million
TABLE 7 Europe Strategic Sourcing Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 8 Europe Strategic Sourcing Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 9 Europe Process Management Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 10 Europe Process Management Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 11 Europe Category Management Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 12 Europe Category Management Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 13 Europe Transaction Management Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 14 Europe Transaction Management Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 15 Europe Spend Management Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 16 Europe Spend Management Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 17 Europe Contract Management Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 18 Europe Contract Management Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 19 Europe Other Component Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 20 Europe Other Component Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 21 Europe Procurement as a Service Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 22 Europe Procurement as a Service Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 23 Europe Procurement as a Service Large Enterprises Market by Country, 2017 - 2020, USD Million
TABLE 24 Europe Procurement as a Service Large Enterprises Market by Country, 2021 - 2027, USD Million
TABLE 25 Europe Procurement as a Service Small & Medium Enterprise Market by Country, 2017 - 2020, USD Million
TABLE 26 Europe Procurement as a Service Small & Medium Enterprise Market by Country, 2021 - 2027, USD Million
TABLE 27 Europe Procurement as a Service Market by Application, 2017 - 2020, USD Million
TABLE 28 Europe Procurement as a Service Market by Application, 2021 - 2027, USD Million
TABLE 29 Europe Manufacturing Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 30 Europe Manufacturing Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 31 Europe Retail Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 32 Europe Retail Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 33 Europe BFSI Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 34 Europe BFSI Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 35 Europe Healthcare Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 36 Europe Healthcare Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 37 Europe IT & Telecom Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 38 Europe IT & Telecom Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 39 Europe Others Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 40 Europe Others Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 41 Europe Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 42 Europe Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 43 Germany Procurement as a Service Market, 2017 - 2020, USD Million
TABLE 44 Germany Procurement as a Service Market, 2021 - 2027, USD Million
TABLE 45 Germany Procurement as a Service Market by Component, 2017 - 2020, USD Million
TABLE 46 Germany Procurement as a Service Market by Component, 2021 - 2027, USD Million
TABLE 47 Germany Procurement as a Service Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 48 Germany Procurement as a Service Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 49 Germany Procurement as a Service Market by Application, 2017 - 2020, USD Million
TABLE 50 Germany Procurement as a Service Market by Application, 2021 - 2027, USD Million
TABLE 51 UK Procurement as a Service Market, 2017 - 2020, USD Million
TABLE 52 UK Procurement as a Service Market, 2021 - 2027, USD Million
TABLE 53 UK Procurement as a Service Market by Component, 2017 - 2020, USD Million
TABLE 54 UK Procurement as a Service Market by Component, 2021 - 2027, USD Million
TABLE 55 UK Procurement as a Service Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 56 UK Procurement as a Service Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 57 UK Procurement as a Service Market by Application, 2017 - 2020, USD Million
TABLE 58 UK Procurement as a Service Market by Application, 2021 - 2027, USD Million
TABLE 59 France Procurement as a Service Market, 2017 - 2020, USD Million
TABLE 60 France Procurement as a Service Market, 2021 - 2027, USD Million
TABLE 61 France Procurement as a Service Market by Component, 2017 - 2020, USD Million
TABLE 62 France Procurement as a Service Market by Component, 2021 - 2027, USD Million
TABLE 63 France Procurement as a Service Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 64 France Procurement as a Service Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 65 France Procurement as a Service Market by Application, 2017 - 2020, USD Million
TABLE 66 France Procurement as a Service Market by Application, 2021 - 2027, USD Million
TABLE 67 Russia Procurement as a Service Market, 2017 - 2020, USD Million
TABLE 68 Russia Procurement as a Service Market, 2021 - 2027, USD Million
TABLE 69 Russia Procurement as a Service Market by Component, 2017 - 2020, USD Million
TABLE 70 Russia Procurement as a Service Market by Component, 2021 - 2027, USD Million
TABLE 71 Russia Procurement as a Service Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 72 Russia Procurement as a Service Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 73 Russia Procurement as a Service Market by Application, 2017 - 2020, USD Million
TABLE 74 Russia Procurement as a Service Market by Application, 2021 - 2027, USD Million
TABLE 75 Spain Procurement as a Service Market, 2017 - 2020, USD Million
TABLE 76 Spain Procurement as a Service Market, 2021 - 2027, USD Million
TABLE 77 Spain Procurement as a Service Market by Component, 2017 - 2020, USD Million
TABLE 78 Spain Procurement as a Service Market by Component, 2021 - 2027, USD Million
TABLE 79 Spain Procurement as a Service Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 80 Spain Procurement as a Service Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 81 Spain Procurement as a Service Market by Application, 2017 - 2020, USD Million
TABLE 82 Spain Procurement as a Service Market by Application, 2021 - 2027, USD Million
TABLE 83 Italy Procurement as a Service Market, 2017 - 2020, USD Million
TABLE 84 Italy Procurement as a Service Market, 2021 - 2027, USD Million
TABLE 85 Italy Procurement as a Service Market by Component, 2017 - 2020, USD Million
TABLE 86 Italy Procurement as a Service Market by Component, 2021 - 2027, USD Million
TABLE 87 Italy Procurement as a Service Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 88 Italy Procurement as a Service Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 89 Italy Procurement as a Service Market by Application, 2017 - 2020, USD Million
TABLE 90 Italy Procurement as a Service Market by Application, 2021 - 2027, USD Million
TABLE 91 Rest of Europe Procurement as a Service Market, 2017 - 2020, USD Million
TABLE 92 Rest of Europe Procurement as a Service Market, 2021 - 2027, USD Million
TABLE 93 Rest of Europe Procurement as a Service Market by Component, 2017 - 2020, USD Million
TABLE 94 Rest of Europe Procurement as a Service Market by Component, 2021 - 2027, USD Million
TABLE 95 Rest of Europe Procurement as a Service Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 96 Rest of Europe Procurement as a Service Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 97 Rest of Europe Procurement as a Service Market by Application, 2017 - 2020, USD Million
TABLE 98 Rest of Europe Procurement as a Service Market by Application, 2021 - 2027, USD Million
TABLE 99 Key information – IBM Corporation
TABLE 100 Key information – Accenture PLC
TABLE 101 Key Information – Broadcom, Inc.
TABLE 102 Key Information – HCL Technologies Ltd.
TABLE 103 Key Information – Genpact Limited
TABLE 104 Key Information – Infosys Limited
TABLE 105 Key Information – Wipro Limited
TABLE 106 Key Information – Tata Consultancy Services Ltd.
TABLE 107 key information – GEP
TABLE 108 key information – WNS (Holdings) Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Jan – 2021, May) Leading Players
FIG 5 Recent strategies and developments: IBM Corporation
FIG 6 Swot analysis: IBM Corporation
FIG 7 Swot analysis: Accenture plc
FIG 8 SWOT Analysis: Broadcom, Inc.
FIG 9 Recent strategies and developments: HCL Technologies Ltd.
FIG 10 SWOT Analysis: HCL Technologies Ltd.
FIG 11 Recent strategies and developments: Genpact Limited
FIG 12 Recent strategies and developments: Infosys Limited
FIG 13 SWOT Analysis: Infosys Limited
FIG 14 Recent strategies and developments: Wipro Limited
FIG 15 SWOT Analysis: Wipro Limited
FIG 16 SWOT Analysis: Tata Consultancy Services Ltd.
FIG 17 Recent strategies and developments: WNS (Holdings) Ltd.