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 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:

BFSI
Energy and Utilities
Healthcare
IT and Telecom
Other

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.
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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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Free country Level analysis for any 5 countries of your choice.

Free Competitive analysis of any 5 key market players.

Free 40 analyst hours to cover any other data point.

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