Procurement Outsourcing Services Market Set for Rapid Growth to Reach CAGR of Over 14.2% by 2026 – Xchanging, WNS, Wipro, Optimum Procurement

Procurement Outsourcing Services market is accounted for $2856.72 billion in 2017 and is expected to reach $9437.63 billion by 2026 growing at a CAGR of 14.2% during the forecast period. The need to adhere to regulatory guidelines and ensure compliance and emergence of nearshore and offshore outsourcing locations are some key factors propelling the growth of the market. However, the augmented gap between growing customer need and association capability are hampering the market.

Procurement outsourcing services is a process wherein a company engages an external service provider to manage its 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.

Some of the key players profiled in the Procurement Outsourcing Services include:
Xchanging, WNS, Wipro Limited, Optimum Procurement, LLC, Infosys Ltd., IBM Corporation, HCL Technologies, GEP, Genpact Ltd., Corbus, Aquanima, and Accenture Plc.

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Based on the type, the consulting services segment is likely to develop at a major pace due to an increase in acceptance of procurement services across customers. This process helps companies save on significant capital. By Geography, North America held a well-known contributor to the global procurement outsourcing services market due to the elevated response about the services among users and an increasing number of service providers in the region.

Major Types of 55 Market covered are:
Consulting Services
Business Process Outsourcing Services

Major Applications of 55 Market covered are:
Consumer Goods & Retail
Media & Entertainment
Logistics
Energy & Utilities
Building, Construction & Real Estate
Healthcare
Travel & Hospitality
Education
Automotive
Manufacturing
Professional Services
Banking, Financial Services and Insurance (BFSI)
IT & Telecom
Other End Users

Research objectives:-

– To study and analyze the global 55 consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the 55 market by identifying its various sub-segments.
– Focuses on the key global 55 manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the 55 with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Table of Content

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 55 Market Size
2.2 55 Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 55 Market Size by Manufacturers
3.2 55 Key Players Head office and Area Served
3.3 Key Players 55 Product/Solution/Service
3.4 Date of Enter into 55 Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global 55 Sales by Product
4.2 Global 55 Revenue by Product
4.3 55 Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global 55 Breakdown Data by End User

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In the end, 55 industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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Procurement Outsourcing Services Market research to Register a Robust Growth Rate During the Forecast Period 2019 – 2026

MarketInsightsReports present a comprehensive research report namely “Global Procurement Outsourcing Services Market Report 2019″ which reveals an extensive analysis of global industry by delivering the detailed information about Forthcoming Trends, Customer’s Expectations, Technological Improvements, Competitive Dynamics and Working Capital in the Market. This is an in-depth study of the market enlightening key forecast to 2026.

Market Key Players

Accenture Plc, GEP, Optimum Procurement, Infosys Ltd, Aquanima, LLC, Xchanging, Wipro Limited, HCL Technologies, Corbus, WNS, IBM Corporation, Genpact Ltd.

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The process procurement outsourcing services involves an external service provider to manage a company’s core & non-core buying transactions and expenditures. This supports the company allocate important resources to work on strategic initiatives and handling important business activities. Procurement outsourcing services help companies reduce operating costs, increase savings on investments, and develop businesses.

Segmentation

On the basis of types, the Procurement Outsourcing Services market is primarily split into:
Category Management
Source Management
Procurement Management
Supplier Management
Procure to Pay

On the basis of applications, the market covers:
Banking, Financial Services, and Insurance (BFSI)
Energy & Utilities
Healthcare
IT & Telecom
Professional Services
Manufacturing
Retail
Logistics
Others

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Regional Analysis

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia and Italy)

Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Colombia)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Objective of the Report

The objective of the report is to present a comprehensive analysis of Global Procurement Outsourcing Services Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Procurement Outsourcing Services Market dynamics, structure by analyzing the market segments and project the Global Procurement Outsourcing Services Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Procurement Outsourcing Services Market make the report investor’s guide.

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