Asia-Pacific Procurement as-a-Service Market Size and Competitive Analysis by 2027

Historic Data: 2017-2018   |   Base Year: 2019   |   Forecast Period: 2020-2027

Asia-Pacific Procurement as-a-Service Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Strategic Sourcing, Spend Management, Category Management, Process Management, Contract Management, Transaction Management); Enterprise Size (SMEs, Large Enterprises); End-User Industry (IT and Telecom, Consumer Goods and Retail, Manufacturing, Energy and Utility, Healthcare, Hospitality and Tourism, Others); and Country

  • Report Date : Aug 2020
  • Report Code : TIPRE00013307
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 113
Page Updated: Jan 2021

The Procurement as-a-Service market in Asia-Pacific is expected to grow from US$ 907.6 Million in 2019 to US$ 1496.8 Million by 2027; it is estimated to grow at a CAGR of 7.60% from 2020 to 2027.



Procurement as-a-service is an outsourced procurement business model that combines staff, technology, and expertise to manage a portion, or complete, of user’s organization’s procurement functions. Technology supports the service providers to see what their customers are spending money on, and where they are likely to find potential savings. Procurement as-a-service offerings support the end-users to select the categories for sourcing and allocate category experts to manage purchasing for those categories. These services rely on technology to do the sourcing and procurement, tracking payments and purchases and also handle three-way matching to make sure that the users are only paying for what they get.

Several procurements as-a-service Market providers make the entire process visible to the enterprises they work with, usually through the reporting portals. Through this portal the users get the access to analytics and the procurement tool so that they can work on their own reports, record their inventory, and upload payments. Procurement as-a-service is similar to SaaS, or software as a service, but manages procurement services.

The Asia Pacific procurement as-a-service market is anticipated to witness impressive growth during the forecast period. The increasing demand from enterprises to streamline the procurement processes and positive impact of BPO evolution on procurement outsourcing are the major driving factors for the Asia Pacific procurement as-a-service market.

Moreover, the constant evolution of infected individuals has led the government to enforce lockdown across the nation’s borders. The mainstreams of the manufacturing plants are shut down, municipalities are functioning sluggishly 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.


Asia-Pacific Procurement as-a-Service Market Segmentation

Asia-Pacific Procurement as-a-Service Market Segmentation
  • This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

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

Asia-Pacific Procurement as-a-Service Market-Companies Mentioned

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

Asia-Pacific Procurement as-a-Service Report Scope

Report Attribute Details
Market size in 2019 US$ 907.6 Million
Market Size by 2027 US$ 1496.8 Million
Global CAGR (2020 - 2027) 7.60%
Historical Data 2017-2018
Forecast period 2020-2027
Segments Covered By Component
  • Strategic Sourcing
  • Spend Management
  • Category Management
  • Process Management
  • Contract Management
  • Transaction Management
By Enterprise Size
  • SMEs
  • Large Enterprises
By End-User Industry
  • IT and Telecom
  • Consumer Goods and Retail
  • Manufacturing
  • Energy and Utility
  • Healthcare
  • Hospitality and Tourism
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • Accenture
  • CAPGEMINI SE
  • Corbus, LLC
  • Genpact Ltd
  • GEP
  • HCL Technologies
  • IBM Corporation
  • Infosys Ltd
  • Wipro Limited
  • Ankita Mittal
    Manager,
    Market Research & Consulting

    Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

    Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

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    Our Clients
    The List of Companies - Asia-Pacific Procurement as-a-Service Market
    1. Accenture
    2. CAPGEMINI SE
    3. Corbus, LLC
    4. Genpact Ltd
    5. GEP
    6. HCL Technologies
    7. IBM Corporation
    8. Infosys Ltd
    9. Wipro Limited
    10. WNS (Holdings) Limited
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