Scope of the Study
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. Procurement outsourcing involves the transfer of specific key procurement activities related to sourcing and supplier management to a third party to help companies focus & tighten their core competencies.
The market study is being classified by Type (Category Management, Source Management, Procurement Management and Supplier Management), by Application (BFSI, Energy and Utilities, Healthcare, IT and Telecom and Other) and major geographies with country level break-up.
Accenture Plc (Ireland), GEP (United States), Genpact (United States), Aquanima SA (Germany), Optimum Procurement Limited (United States), Wipro (India), Infosys (India), HCL Technologies (India), WNS (India) and IBM Corporation (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Corbus (United States) and Xchanging (United Kingdom).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that Global Players will contribute to the maximum growth of Global Procurement Outsourcing Services market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Procurement Outsourcing Services market by Type, Application and Region.
On the basis of geography, the market of Procurement Outsourcing Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Prevalence of IT Solutions
- High Demand from Manufacturing and Financial Industry
- Technological Developments and Advancements
- High Risks Involved in the Outsourcing
- Increasing Demand from End-User Industry
- High Benefits Associated with Procurement Outsourcing
- Complexities Associated with the Category Management
Key Target AudienceProcurement Outsourcing Services Providers, Emerging Companies, Research Professionals and End-users
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase