The Latin America, Middle East and Africa Procurement as a Service Market would witness market growth of 13.8% CAGR during the forecast period (2021-2027).
Every employee in the company must work with his highest capacity if the business aspires to maximize its performance. Procurement is highly recommended to provide bottom-line results and better value to the business. Simultaneously, the functionality is facing current burdens which are increasing the workload. However, the technology tools were designed as an enabler, but frequently these are increasing further skill burdens to an existing over-used department. Abruptly, procurement is anticipated to be professional in each segment across every market and experts in installing the latest technologies. One cannot deny the fact that new skills, new knowledge, new expertise, and new technologies are expected to cater to these demands. In addition to it, one also cannot deny that conventional investment in Procurement technology is frequently unable to return the advantages anticipated.
In South Africa, there are high numbers of vendors that offer advanced procurement outsourcing services that allow companies to enhance their business performance. These solutions assist in managing indirect and strategic expenditure with the help of process excellence and they offer sustainable long-run savings. Moreover, technological developments are transforming the conventional business landscape with the help of supply markets, changing customer purchasing trends, and adding complications to the supply chain. Procurement companies in the region are proactively responding to these changes by adopting a highly strategic position in all the activities with respect to purchasing.
Latin America will showcase a promising growth rate throughout the forecast period. The growth of the regional market would be fueled by the increasing number of companies with new business units in the developing countries of the region. Though, 2020 proved to be an unfortunate year with nations such as Brazil were among the highly affected COVID-19 countries. With the pandemic scenario is changing to a positive outlook, there will be recovering in the demand for procurement as a service, thereby boosting the market growth.
The Large Enterprises market dominated the UAE Procurement as a Service Market by Enterprise Size 2020, thereby, achieving a market value of $62.6 million by 2027. The Small & Medium Enterprise market is expected to witness a CAGR of 14.8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Procurement as a Service Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Procurement As A Service Market, by Component
1.4.2 LAMEA Procurement As A Service Market, by Enterprise Size
1.4.3 LAMEA Procurement As A Service Market, by Application
1.4.4 LAMEA 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. LAMEA Procurement as a Service Market by Component
4.1 LAMEA Strategic Sourcing Procurement as a Service Market by Country
4.2 LAMEA Process Management Procurement as a Service Market by Country
4.3 LAMEA Category Management Procurement as a Service Market by Country
4.4 LAMEA Transaction Management Procurement as a Service Market by Country
4.5 LAMEA Spend Management Procurement as a Service Market by Country
4.6 LAMEA Contract Management Procurement as a Service Market by Country
4.7 LAMEA Other Component Procurement as a Service Market by Country
Chapter 5. LAMEA Procurement as a Service Market by Enterprise Size
5.1 LAMEA Procurement as a Service Large Enterprises Market by Country
5.2 LAMEA Procurement as a Service Small & Medium Enterprise Market by Country
Chapter 6. LAMEA Procurement as a Service Market by Application
6.1 LAMEA Manufacturing Procurement as a Service Market by Country
6.2 LAMEA Retail Procurement as a Service Market by Country
6.3 LAMEA BFSI Procurement as a Service Market by Country
6.4 LAMEA Healthcare Procurement as a Service Market by Country
6.5 LAMEA IT & Telecom Procurement as a Service Market by Country
6.6 LAMEA Others Procurement as a Service Market by Country
Chapter 7. LAMEA Procurement as a Service Market by Country
7.1 Brazil Procurement as a Service Market
7.1.1 Brazil Procurement as a Service Market by Component
7.1.2 Brazil Procurement as a Service Market by Enterprise Size
7.1.3 Brazil Procurement as a Service Market by Application
7.2 Argentina Procurement as a Service Market
7.2.1 Argentina Procurement as a Service Market by Component
7.2.2 Argentina Procurement as a Service Market by Enterprise Size
7.2.3 Argentina Procurement as a Service Market by Application
7.3 UAE Procurement as a Service Market
7.3.1 UAE Procurement as a Service Market by Component
7.3.2 UAE Procurement as a Service Market by Enterprise Size
7.3.3 UAE Procurement as a Service Market by Application
7.4 Saudi Arabia Procurement as a Service Market
7.4.1 Saudi Arabia Procurement as a Service Market by Component
7.4.2 Saudi Arabia Procurement as a Service Market by Enterprise Size
7.4.3 Saudi Arabia Procurement as a Service Market by Application
7.5 South Africa Procurement as a Service Market
7.5.1 South Africa Procurement as a Service Market by Component
7.5.2 South Africa Procurement as a Service Market by Enterprise Size
7.5.3 South Africa Procurement as a Service Market by Application
7.6 Nigeria Procurement as a Service Market
7.6.1 Nigeria Procurement as a Service Market by Component
7.6.2 Nigeria Procurement as a Service Market by Enterprise Size
7.6.3 Nigeria Procurement as a Service Market by Application
7.7 Rest of LAMEA Procurement as a Service Market
7.7.1 Rest of LAMEA Procurement as a Service Market by Component
7.7.2 Rest of LAMEA Procurement as a Service Market by Enterprise Size
7.7.3 Rest of LAMEA 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 LAMEA Procurement as a Service Market, 2017 - 2020, USD Million
TABLE 2 LAMEA 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 LAMEA Procurement as a Service Market by Component, 2017 - 2020, USD Million
TABLE 6 LAMEA Procurement as a Service Market by Component, 2021 - 2027, USD Million
TABLE 7 LAMEA Strategic Sourcing Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 8 LAMEA Strategic Sourcing Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 9 LAMEA Process Management Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 10 LAMEA Process Management Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 11 LAMEA Category Management Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 12 LAMEA Category Management Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 13 LAMEA Transaction Management Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 14 LAMEA Transaction Management Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 15 LAMEA Spend Management Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 16 LAMEA Spend Management Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 17 LAMEA Contract Management Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 18 LAMEA Contract Management Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 19 LAMEA Other Component Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 20 LAMEA Other Component Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 21 LAMEA Procurement as a Service Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 22 LAMEA Procurement as a Service Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 23 LAMEA Procurement as a Service Large Enterprises Market by Country, 2017 - 2020, USD Million
TABLE 24 LAMEA Procurement as a Service Large Enterprises Market by Country, 2021 - 2027, USD Million
TABLE 25 LAMEA Procurement as a Service Small & Medium Enterprise Market by Country, 2017 - 2020, USD Million
TABLE 26 LAMEA Procurement as a Service Small & Medium Enterprise Market by Country, 2021 - 2027, USD Million
TABLE 27 LAMEA Procurement as a Service Market by Application, 2017 - 2020, USD Million
TABLE 28 LAMEA Procurement as a Service Market by Application, 2021 - 2027, USD Million
TABLE 29 LAMEA Manufacturing Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 30 LAMEA Manufacturing Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 31 LAMEA Retail Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 32 LAMEA Retail Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 33 LAMEA BFSI Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 34 LAMEA BFSI Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 35 LAMEA Healthcare Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 36 LAMEA Healthcare Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 37 LAMEA IT & Telecom Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 38 LAMEA IT & Telecom Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 39 LAMEA Others Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 40 LAMEA Others Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 41 LAMEA Procurement as a Service Market by Country, 2017 - 2020, USD Million
TABLE 42 LAMEA Procurement as a Service Market by Country, 2021 - 2027, USD Million
TABLE 43 Brazil Procurement as a Service Market, 2017 - 2020, USD Million
TABLE 44 Brazil Procurement as a Service Market, 2021 - 2027, USD Million
TABLE 45 Brazil Procurement as a Service Market by Component, 2017 - 2020, USD Million
TABLE 46 Brazil Procurement as a Service Market by Component, 2021 - 2027, USD Million
TABLE 47 Brazil Procurement as a Service Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 48 Brazil Procurement as a Service Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 49 Brazil Procurement as a Service Market by Application, 2017 - 2020, USD Million
TABLE 50 Brazil Procurement as a Service Market by Application, 2021 - 2027, USD Million
TABLE 51 Argentina Procurement as a Service Market, 2017 - 2020, USD Million
TABLE 52 Argentina Procurement as a Service Market, 2021 - 2027, USD Million
TABLE 53 Argentina Procurement as a Service Market by Component, 2017 - 2020, USD Million
TABLE 54 Argentina Procurement as a Service Market by Component, 2021 - 2027, USD Million
TABLE 55 Argentina Procurement as a Service Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 56 Argentina Procurement as a Service Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 57 Argentina Procurement as a Service Market by Application, 2017 - 2020, USD Million
TABLE 58 Argentina Procurement as a Service Market by Application, 2021 - 2027, USD Million
TABLE 59 UAE Procurement as a Service Market, 2017 - 2020, USD Million
TABLE 60 UAE Procurement as a Service Market, 2021 - 2027, USD Million
TABLE 61 UAE Procurement as a Service Market by Component, 2017 - 2020, USD Million
TABLE 62 UAE Procurement as a Service Market by Component, 2021 - 2027, USD Million
TABLE 63 UAE Procurement as a Service Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 64 UAE Procurement as a Service Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 65 UAE Procurement as a Service Market by Application, 2017 - 2020, USD Million
TABLE 66 UAE Procurement as a Service Market by Application, 2021 - 2027, USD Million
TABLE 67 Saudi Arabia Procurement as a Service Market, 2017 - 2020, USD Million
TABLE 68 Saudi Arabia Procurement as a Service Market, 2021 - 2027, USD Million
TABLE 69 Saudi Arabia Procurement as a Service Market by Component, 2017 - 2020, USD Million
TABLE 70 Saudi Arabia Procurement as a Service Market by Component, 2021 - 2027, USD Million
TABLE 71 Saudi Arabia Procurement as a Service Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 72 Saudi Arabia Procurement as a Service Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 73 Saudi Arabia Procurement as a Service Market by Application, 2017 - 2020, USD Million
TABLE 74 Saudi Arabia Procurement as a Service Market by Application, 2021 - 2027, USD Million
TABLE 75 South Africa Procurement as a Service Market, 2017 - 2020, USD Million
TABLE 76 South Africa Procurement as a Service Market, 2021 - 2027, USD Million
TABLE 77 South Africa Procurement as a Service Market by Component, 2017 - 2020, USD Million
TABLE 78 South Africa Procurement as a Service Market by Component, 2021 - 2027, USD Million
TABLE 79 South Africa Procurement as a Service Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 80 South Africa Procurement as a Service Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 81 South Africa Procurement as a Service Market by Application, 2017 - 2020, USD Million
TABLE 82 South Africa Procurement as a Service Market by Application, 2021 - 2027, USD Million
TABLE 83 Nigeria Procurement as a Service Market, 2017 - 2020, USD Million
TABLE 84 Nigeria Procurement as a Service Market, 2021 - 2027, USD Million
TABLE 85 Nigeria Procurement as a Service Market by Component, 2017 - 2020, USD Million
TABLE 86 Nigeria Procurement as a Service Market by Component, 2021 - 2027, USD Million
TABLE 87 Nigeria Procurement as a Service Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 88 Nigeria Procurement as a Service Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 89 Nigeria Procurement as a Service Market by Application, 2017 - 2020, USD Million
TABLE 90 Nigeria Procurement as a Service Market by Application, 2021 - 2027, USD Million
TABLE 91 Rest of LAMEA Procurement as a Service Market, 2017 - 2020, USD Million
TABLE 92 Rest of LAMEA Procurement as a Service Market, 2021 - 2027, USD Million
TABLE 93 Rest of LAMEA Procurement as a Service Market by Component, 2017 - 2020, USD Million
TABLE 94 Rest of LAMEA Procurement as a Service Market by Component, 2021 - 2027, USD Million
TABLE 95 Rest of LAMEA Procurement as a Service Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 96 Rest of LAMEA Procurement as a Service Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 97 Rest of LAMEA Procurement as a Service Market by Application, 2017 - 2020, USD Million
TABLE 98 Rest of LAMEA 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.