About Indirect Procurement BPO
Indirect procurement, additionally regarded as oblique spend, includes the buy of the items and services, materials and substances — such as computers, hardware, software, maintenance, utilities and tour — that are required for the every day strolling of a business. Indirect procurement is the sourcing of all items and offerings for a commercial enterprise to allow it to keep and advance its operations. Indirect procurement helps the organisation for clean functioning and receives decentralized in nature. It receives lesser visibility and a proportionately decrease share of funding regarding resources.
Attributes | Details |
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Study Period | 201-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.41% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Indirect Procurement BPO market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Capgemini (France), Xchanging (United Kingdom), WNS (India), TCS (India), Genpact (United States), IBM (United States), Accenture (Ireland), GEP (United States), Wipro (India) and Corbus (Noida) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Infosys (India).
Segmentation Overview
AMA Research has segmented the market of Global Indirect Procurement BPO market by Type (Marketing Related Services, IT Related Services, HR Related Services, Facilities Management & Office Services and Others), Application (Finance & Accounting, Human Resources, Knowledge Process Outsourcing, Procurement & Supply Chain, Customer Services and Others) and Region.
On the basis of geography, the market of Indirect Procurement BPO 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). If we see Market by Deployment Mode, the sub-segment i.e. On-Premise will boost the Indirect Procurement BPO market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. BFSI will boost the Indirect Procurement BPO market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological improvements in BPO
Market Growth Drivers:
Growing business operation activities
Challenges:
Lack of time and resources, Effective interaction with the business units and Lack of management information
Restraints:
Stringent government regulations
Opportunities:
Growth in research and development and subsequent technological advancements
Market Leaders and their expansionary development strategies
In October 2022, IBM is reorganizing its partner program in a bid to serve clients through partners with the same level of expertise as it does directly. This is a big deal for all but its largest clients, as IBM has spent the last two years moving much of its focus to indirect sales channels. IBM now has dedicated sellers for just 400 direct clients, down from 5,000 two years earlier
On December 1 2021, Capgemini announced today, following the fulfillment of all regulatory requirements, the completion of the acquisition of VariQ. The provider of Software Development, Cybersecurity, and Cloud services for federal government departments and agencies across the United States, will be integrated into Capgemini Government Solutions LLC, Capgemini’s independent operating division working with U.S. government agencies. This acquisition will strengthen the company’s position in the Federal market and build momentum for continued growth.
Key Target Audience
Provider, Venture Capitalists, Government Bodies, Corporate Entities and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.