Middle East & Africa Procurement As A Service Market Size & Outlook
Middle East & Africa procurement as a service market, 2018-2030 (US$M)
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MEA procurement as a service market highlights
- The MEA procurement as a service market generated a revenue of USD 159.5 million in 2023.
- The market is expected to grow at a CAGR of 12% from 2024 to 2030.
- In terms of segment, large enterprises was the largest revenue generating enterprise size in 2023.
- Small & Medium Enterprises is the most lucrative enterprise size segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 159.5 million |
| Market revenue in 2030 | USD 353.2 million |
| Growth rate | 12% (CAGR from 2023 to 2030) |
| Largest segment | Large enterprises |
| Fastest growing segment | Small & Medium Enterprises |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Small & Medium Enterprises, Large Enterprises |
| Key market players worldwide | Accenture PLC Class A, Aegis Limited, Genpact Ltd, GEP, HCL Technologies, Infosys Ltd ADR, International Business Machines Corp, Tata Consultancy Services, Wipro Ltd ADR, WNS (Holdings) Ltd |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.5% of the global procurement as a service market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,222.4 million by 2030.
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Procurement As A Service Market Scope
Procurement As A Service Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa procurement as a service market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to procurement as a service market will help companies and investors design strategic landscapes.
Large enterprises was the largest segment with a revenue share of 78.18% in 2023. Horizon Databook has segmented the Middle East & Africa procurement as a service market based on small & medium enterprises, large enterprises covering the revenue growth of each sub-segment from 2018 to 2030.
Procurement as a service solution facilitates enhanced supplier relationships, contract management, inventory management, category management, and spend management. Countries in the region, including the UAE and Saudi Arabia, are focusing on reducing their reliance on oil-based economies and are actively investing in cloud technologies and digital solutions.
For instance, in January 2023, AlFuttaim Group, a Middle East-based family-owned business operating in the automotive, real estate, financial services, retail, and health industries, committed to a full digital transformation with the help of SAP, a software company, and Microsoft Assure, an intelligent cloud platform.
Through the collaboration, the company sought to achieve enhanced procurement, supply chain, and inventory management; end-to-end integrated finance capabilities; seamless and personalized customer journeys; and self-service capabilities.
Reasons to subscribe to Middle East & Africa procurement as a service market databook:
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Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Middle East & Africa procurement as a service market databook
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Our clientele includes a mix of procurement as a service market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa procurement as a service market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa procurement as a service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA procurement as a service market size, by country, 2018-2030 (US$M)
Middle East & Africa Procurement As A Service Market Outlook Share, 2023 & 2030 (US$M)
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