Market Snapshot:
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.
Highlights from Procurement Outsourcing Services Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key Players profiled in the report are 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). Additionally, other players that are part of this comprehensive study are Corbus (United States) and Xchanging (United Kingdom).
Geographic Breakdown and Segment Analysis
The Global Procurement Outsourcing Services market presents a comprehensive analysis of the Procurement Outsourcing Services market by product type (Category Management, Source Management, Procurement Management and Supplier Management), by end-user/application (BFSI, Energy and Utilities, Healthcare, IT and Telecom and Other), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Procurement Outsourcing Services industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Procurement Outsourcing Services market
Analyst at AMA have segmented the market study of Global Procurement Outsourcing Services market by Type, Application and Region.
Influencing Trend:
Technological Developments and Advancements
Market Growth Drivers:
Increasing Prevalence of IT Solutions and High Demand from Manufacturing and Financial Industry
Challenges:
Complexities Associated with the Category Management
Restraints:
High Risks Involved in the Outsourcing
Opportunities:
Increasing Demand from End-User Industry and High Benefits Associated with Procurement Outsourcing
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.
Key Target Audience
Procurement Outsourcing Services Providers, Emerging Companies, Research Professionals and End-users