The Global Procurement Outsourcing Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2027). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions.
Major Players in Procurement Outsourcing are:
Accenture Plc (Ireland), GEP (United States), Genpact Ltd. (United States), Wipro Limited (India), Infosys Ltd. (India), HCL Technologies (India), Aquanima (Spain), WNS (India), IBM Corporation (United States), Xchanging (United Kingdom)
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Definition:
Procurement outsourcing refers to the transfer of specific procurement activities regarding supplier and sourcing management to a third party in order to reduce overall costs and increasing operational efficiency. Rise in spending by the organization for business process automation and growth in the IT sector driving the demand for procurement outsourcing. Further, technological advancement in the procurement outsourcing services and increasing adoption by numerous industry verticals such as BFSI, energy & utilities, healthcare, IT & telecom, professional services, manufacturing, and others expected to drive the demand for procurement outsourcing market over the forecasted period.
Procurement Outsourcing Market Segmentation and Market Data Breakdown:
Study by Industry Vertical (BFSI, Energy & utilities, Healthcare, IT & telecom, Professional services, Manufacturing, Retail, Logistics, Others), Component (Business Process Outsourcing Services (Category Management, Source Management, Procurement Management, Supplier Management, Procure to Pay))
Market Influencing Trends:
Growing Focus on Business Process Automation
Emphasizing On the Technological Advancement in the Procurement Outsourcing
Market Drivers:
Rising Adoption of New IT Solutions
Growing Digitization in Numerous Industries
Market Opportunity:
Growth in the IT Sector in Emerging Economies
Increasing Demand for Procurement Outsourcing From the Manufacturing and BFSI Industry
Years considered for this report:
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What are the market factors that are explained in the Procurement Outsourcing Market report?
– Key Strategic Developments: Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.
– Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.
– Analytical Tools: The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Significant Facets concerning the Report:
Procurement Outsourcing Market Summary
Fiscal Effect on Economy
Procurement Outsourcing Market Competition
Procurement Outsourcing Market Analysis by Application
Industrial Chain, Down-stream Buyers and Sourcing Strategy
Distributors/Traders, Marketing Strategy Analysis
Facets, Market Effect, Diagnosis
Market Forecast
The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Procurement Outsourcing Market have also been included in the study.
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Extract from Table of Content:
Chapter 01 – Executive Summary
1.1 360 Degree Synopsis
1.2 Market value (US$ million).
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
3.1 Strategies adopted by key market participants and factors that have turned into success.
3.2 Additional viewpoint on global average pricing analysis benchmark, and consumer’s sentiments’ analysis.
Chapter 04 – Covid-19 Crisis Analysis on Global Procurement Outsourcing Market
Chapter 05 – Global Procurement Outsourcing Market – Pricing Analysis
Chapter 06 – Global Procurement Outsourcing Market Background
6.1 Macroeconomic factors affecting the Global Procurement Outsourcing market
6.2 Explore supply chain and value chain analysis.
6.3 In-depth information about the market dynamics and their consequences.
Chapter 07 — Global Procurement Outsourcing Market Segmentation
Chapter 08 – Key and Emerging Countries Analysis in Global Procurement Outsourcing Market
Chapter 09 – Global Procurement Outsourcing Market Structure Analysis
Chapter 10 – Global Procurement Outsourcing Market Competitive Analysis
10.1 Market Concentration Rate
10.2 Competition Scenario: BCG Matrix [Relative Market Share v/s Revenue Growth Rate]
10.3 Heat Map Analysis
10.4 Comparative Market Share Analysis by Players (2018-2019) Rank, [% Market Share, Market Revenue]
Chapter 11 – Assumptions and Acronyms
Chapter 12 – Research Methodology
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