Procurement Outsourcing Services Market 2020 by Technology Advancement and Future Outlook – Accenture, GEP, Genpact, Aquanima, Optimum Procurement, Corbus

Procurement Outsourcing Services

The New report includes a detailed study of Global Procurement Outsourcing Services Market. It is the result of a comprehensive research carried out keeping in mind the different parameters and trends dominating the global Procurement Outsourcing Services Market.

Procurement outsourcing services is a process wherein a company engages an external service provider to manage their core and non-core purchase transactions and expenditures. This helps the company allocate important resources to work on strategic initiatives and handling important business activities. Procurement outsourcing services help companies reduce operational costs, increase savings on investments, and improve businesses.

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Top Key Players in the Market:

Accenture, GEP, Genpact, Aquanima, Optimum Procurement, Corbus, Wipro, Infosys, HCL Technologies, WNS, IBM Corporation

This research report categorizes the global Procurement Outsourcing Services market by top players/brands, region, type and end user. This report also studies the global Procurement Outsourcing Services market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.

In recent times, technological advancements have taken place in the procurement outsourcing services market. Manufacturing, BFSI, IT & telecom, retail, and healthcare sectors widely use procurement outsourcing services. Thus, the procurement outsourcing services market is expected to grow rapidly in the next few years. Rise in need to adopt new IT solutions with modern consumer trends across the world is primarily driving the demand for procurement outsourcing services. Moreover, increase in demand for procurement outsourcing services from the manufacturing and financial sectors is expected to fuel the growth of the market in the near future. However, high risks involved in outsourcing is projected to inhibit the growth of the procurement outsourcing services market across the world.

procurement outsourcing services market has been segmented into business process outsourcing services and consulting services. The business process outsourcing services segment accounted for a significant market share globally in 2017. The segment is projected to retain its leading position during the forecast period. The segment has been further categorized into category management, source management, procurement management, supplier management, and procure to pay.

Market Segment by Type:

Category Management
Source Management
Procurement Management
Supplier Management

Market Segmentation by Application:

Energy and Utilities
IT and Telecom

The report provides in-depth comprehensive analysis for regional segments that covers North America, Europe, Asia-Pacific, Middle East and Africa and Rest of World in Global Outlook Report with Market definitions, classifications, manufacturing processes, cost structures, development policies and plans.

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In this study, the years considered to estimate the market size of Procurement Outsourcing Services are as follows:

History Year: 2014-2018

Base Year: 2018

Estimated Year: 2019

Forecast Year 2019 to 2026

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Influence of the Procurement Outsourcing Services market report:

  • Comprehensive assessment of all opportunities and risk in the Procurement Outsourcing Services market.
  • Procurement Outsourcing Services market recent innovations and major events.
  • Detailed study of business strategies for growth of the Procurement Outsourcing Services market-leading players.
  • Conclusive study about the growth plot of Procurement Outsourcing Services market for forthcoming years.
  • In-depth understanding of Procurement Outsourcing Services market-particular drivers, constraints and major micro markets.
  • Favourable impression inside vital technological and market latest trends striking the Procurement Outsourcing Services market.         

The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the report’s an invaluable resource for industry executives, Marketing, Sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
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