Insights into the Industry
The procurement outsourcing services industry has been witnessing optimal growth in recent years and is likely to continue even in upcoming years. The growth of procurement outsourcing services ’s industry size can be attributed to rising investments in research & development activities, entry of new players, product innovation, technological breakthroughs, effective allocation of resources, and growing competition among business rivals to expand its regional as well as customer base. Supportive government policies and incentives, as well as favorable laws, are projected to determine the growth of the procurement outsourcing services market in foreseeable future. An increase in the spending capacity of customers with the rise in disposable income will further contribute towards procurement outsourcing services 's market proceeds.
This market research report is a comprehensive overview of the events taking place in the procurement outsourcing services industry and impacting its growth. Our report divides the procurement outsourcing services market into various segments or categories based on products, applications, region, etc. Additionally, our research analysts have listed the key players of the global procurement outsourcing services market and compared them based on metrics such as market revenue, Y-O-Y sales, shipments volume, historical data, and successful implementation of business strategies such as strategic alliances, mergers & acquisitions, joint ventures, product development, and partnerships & collaborations.
Market Research Store (MRS) published a brand new report titled “Procurement Outsourcing Services Market research report which is segmented by Products (Category Management, Source Management, Procurement Management, Supplier Management), by Applications (BFSI, Energy and Utilities, Healthcare, IT and Telecom, Other), by Key Players/Companies HCL Technologies, GEP, Wipro, Aquanima, Accenture, WNS, Corbus, IBM Corporation, Infosys, Optimum Procurement, Genpact”. In 2020, the global procurement outsourcing services market value was registered at XX (USD Million/Billion) and is predicted to reach XX (USD Million/Billion) at a CAGR of XX% by 2028.
Based on these findings, the global procurement outsourcing services industry study suggests strategies to existing market participants as to how they can improve & reinforce their market position. In addition to this, the study also recommends successful market penetrating strategies for new entrants. Furthermore, procurement outsourcing services industry study report has included all major manufacturers and distributors operating in the procurement outsourcing services market across all major regions.
Various analytical methods such as Porter’s Five Force Analysis, SWOT analysis, Market Share Analysis, Competitive Analysis, PESTEL Analysis, Market Attractiveness Analysis, and Value Chain Analysis have been used to analyze the market in the research report. These assessments help users of the report in examining and evaluating procurement outsourcing services market on the basis of different metrics such as switching costs, economies of scale, current sales, brand loyalty, brand equity, capital investments, production rights, research & development activities, copyrights & patents, legislations, effects of promotional activities, and consumer preferences.
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The information provided in our market research report is anticipated to help the industry stakeholders in the effective decision-making process and successful business outcomes. Moreover, we have been using Ansoff Matrix to help firms analyze and plan their business growth strategies.
Additionally, our report contains a growth-share matrix that aids firms’ business decisions for prioritizing their myriad businesses. We have also included GE Nine Cell Matrix that is helpful in making strategic planning and can help firms in determining their position in the market along with analyzing their growth strategies.
Our researchers also make use of the perceptual map to demonstrate how to target consumers feel about a given brand and form perception about it. We have also included the Customer-Based Brand Equity (CBBE) Model for helping firms effectively position their brands.
Procurement Outsourcing Services Market Key Trends Analysis
The key factors influencing the growth of the procurement outsourcing services market have been assessed in the report. Factors having a huge influence on market demand and restraining factors that impact the development of the market are both addressed rigorously & in-depth in our global market research report.
Furthermore, trends that play a key role in market’s growth are discussed comprehensively in the report. Moreover, a large number of qualitative factors or measurements are included in the report and this includes operating risks and major obstacles encountered by players in the industry.
Procurement Outsourcing Services Market Key Segment Analysis
The report delivers a critical assessment on the procurement outsourcing services market by segmenting it based on Products, Applications, and region. All the segments and categories of the procurement outsourcing services market have been evaluated based on past, present and future trends and are key parameters determining & defining the growth of the market.
The data for the market and its segments and categories are provided from 2016 to 2028. The report has identified the key segments and categories contributing substantially towards overall market growth in terms of revenue & volume.
Based on Products, the global procurement outsourcing services market is segmented into Category Management, Source Management, Procurement Management, Supplier Management. Comprehensive qualitative and quantitative this segment analysis will be provided in the report from 2016 to 2028.
Based on Applications, market is divided into BFSI, Energy and Utilities, Healthcare, IT and Telecom, Other. A slew of business growth opportunities and dynamics affecting the different segments are analyzed and discussed in the report.
Impact Assessment of COVID-19
The COVID-19 outbreak has wreaked havoc on worldwide economic and social systems. The disease has entered several industries' value and supply chains, including the procurement outsourcing services market. The government imposed lockdowns in various locations. We will examine the impact of the COVID-19 pandemic on the global market, looking at both demand and supply.
The COVID-19 pandemic's short- and long-term impacts would be explored to provide a summary. This would help build business plans for all market participants, including manufacturers, vendors, suppliers, distributors, and end-users, during and after the epidemic.
Procurement Outsourcing Services Market Regional Trends and Market Player’s Analysis
On the basis of region, the market is segregated into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa.
The major players holding a huge chunk of market share in the global procurement outsourcing services market and impacting market profitability are evaluated after considering their product & services revenue, sales, business plans, innovations, and growth rate. The final position of a player in the market depends on market events or market happenings, new product launches, mergers & acquisitions, benchmarking, regional expansions, and technical innovations.
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For all the key stakeholders of the market, value chain and technology ecosystem, as well as the information provided in this market research report, will prove beneficial. The study offers an outline of the company’s market share and an extensive summary of the major players in the procurement outsourcing services market.
Some of the leading players profiled in the global procurement outsourcing services market are,
- HCL Technologies
- GEP
- Wipro
- Aquanima
- Accenture
- WNS
- Corbus
- IBM Corporation
- Infosys
- Optimum Procurement
- Genpact
The Key Audiences for Procurement Outsourcing Services Market Report
- Research Institutes & consulting firms
- Industry Leaders, as well as companies, aspiring to enter the procurement outsourcing services market
- Student and universities
- Solution Providers, product providers, service providers, and other players in the industry
- Associated private firms and government bodies
- Individuals interested to learn about market
The report segments of the global procurement outsourcing services market are as follows:
Global Procurement Outsourcing Services Market: By Products
- Category Management
- Source Management
- Procurement Management
- Supplier Management
Global Procurement Outsourcing Services Market: By Applications
- BFSI
- Energy and Utilities
- Healthcare
- IT and Telecom
- Other
The Most Important Research Methodologies
Primary sources include industry experts from management corporations, processing organizations, and analytical service providers who serve businesses across the sector's value chain. We interviewed key sources to acquire qualitative and quantitative data and analyse future prospects.
Primary research undertaken for this report comprised interviews with industry professionals such as CEOs, Vice Presidents, Marketing Directors and Technology Directors of strong core organizations and institutions in major procurement outsourcing services . We interviewed them to get qualitative and quantitative data.
The following are the justifications for purchasing the global Procurement Outsourcing Services market report:
- Statistical data is well-referenced, and the source is a significant resource for directing interested companies.
- Market development trends and marketing channels that are cutting-edge are discussed.
- The feasibility and growth rate of the market as a whole over the foreseeable future are determined.
- The competitive landscape and demographic research provide a clear picture of the current state of the market on an international scale.
- A thorough examination of development policies and plans, manufacturing processes, and costing provides a more accurate picture of import/export consumption, supply and demand, pricing, revenue, and gross margins, among other things.
- Customization is possible based on the client's requirements.
Frequently Asked Questions
- HCL Technologies
- GEP
- Wipro
- Aquanima
- Accenture
- WNS
- Corbus
- IBM Corporation
- Infosys
- Optimum Procurement
- Genpact
Table Of Content
Table of Content 1 Report Overview 1.1 Study Scope 1.2 Key Market Segments 1.3 Regulatory Scenario by Region/Country 1.4 Market Investment Scenario Strategic 1.5 Market Analysis by Type 1.5.1 Global Procurement Outsourcing Services Market Share by Type (2020-2026) 1.5.2 Category Management 1.5.3 Source Management 1.5.4 Procurement Management 1.5.5 Supplier Management 1.6 Market by Application 1.6.1 Global Procurement Outsourcing Services Market Share by Application (2020-2026) 1.6.2 BFSI 1.6.3 Energy and Utilities 1.6.4 Healthcare 1.6.5 IT and Telecom 1.6.6 Other 1.7 Procurement Outsourcing Services Industry Development Trends under COVID-19 Outbreak 1.7.1 Global COVID-19 Status Overview 1.7.2 Influence of COVID-19 Outbreak on Procurement Outsourcing Services Industry Development 2. Global Market Growth Trends 2.1 Industry Trends 2.1.1 SWOT Analysis 2.1.2 Porter’s Five Forces Analysis 2.2 Potential Market and Growth Potential Analysis 2.3 Industry News and Policies by Regions 2.3.1 Industry News 2.3.2 Industry Policies 2.4 Industry Trends Under COVID-19 3 Value Chain of Procurement Outsourcing Services Market 3.1 Value Chain Status 3.2 Procurement Outsourcing Services Manufacturing Cost Structure Analysis 3.2.1 Production Process Analysis 3.2.2 Manufacturing Cost Structure of Procurement Outsourcing Services 3.2.3 Labor Cost of Procurement Outsourcing Services 3.2.3.1 Labor Cost of Procurement Outsourcing Services Under COVID-19 3.3 Sales and Marketing Model Analysis 3.4 Downstream Major Customer Analysis (by Region) 3.5 Value Chain Status Under COVID-19 4 Players Profiles 4.1 HCL Technologies 4.1.1 HCL Technologies Basic Information 4.1.2 Procurement Outsourcing Services Product Profiles, Application and Specification 4.1.3 HCL Technologies Procurement Outsourcing Services Market Performance (2015-2020) 4.1.4 HCL Technologies Business Overview 4.2 GEP 4.2.1 GEP Basic Information 4.2.2 Procurement Outsourcing Services Product Profiles, Application and Specification 4.2.3 GEP Procurement Outsourcing Services Market Performance (2015-2020) 4.2.4 GEP Business Overview 4.3 Wipro 4.3.1 Wipro Basic Information 4.3.2 Procurement Outsourcing Services Product Profiles, Application and Specification 4.3.3 Wipro Procurement Outsourcing Services Market Performance (2015-2020) 4.3.4 Wipro Business Overview 4.4 Aquanima 4.4.1 Aquanima Basic Information 4.4.2 Procurement Outsourcing Services Product Profiles, Application and Specification 4.4.3 Aquanima Procurement Outsourcing Services Market Performance (2015-2020) 4.4.4 Aquanima Business Overview 4.5 Accenture 4.5.1 Accenture Basic Information 4.5.2 Procurement Outsourcing Services Product Profiles, Application and Specification 4.5.3 Accenture Procurement Outsourcing Services Market Performance (2015-2020) 4.5.4 Accenture Business Overview 4.6 WNS 4.6.1 WNS Basic Information 4.6.2 Procurement Outsourcing Services Product Profiles, Application and Specification 4.6.3 WNS Procurement Outsourcing Services Market Performance (2015-2020) 4.6.4 WNS Business Overview 4.7 Corbus 4.7.1 Corbus Basic Information 4.7.2 Procurement Outsourcing Services Product Profiles, Application and Specification 4.7.3 Corbus Procurement Outsourcing Services Market Performance (2015-2020) 4.7.4 Corbus Business Overview 4.8 IBM Corporation 4.8.1 IBM Corporation Basic Information 4.8.2 Procurement Outsourcing Services Product Profiles, Application and Specification 4.8.3 IBM Corporation Procurement Outsourcing Services Market Performance (2015-2020) 4.8.4 IBM Corporation Business Overview 4.9 Infosys 4.9.1 Infosys Basic Information 4.9.2 Procurement Outsourcing Services Product Profiles, Application and Specification 4.9.3 Infosys Procurement Outsourcing Services Market Performance (2015-2020) 4.9.4 Infosys Business Overview 4.10 Optimum Procurement 4.10.1 Optimum Procurement Basic Information 4.10.2 Procurement Outsourcing Services Product Profiles, Application and Specification 4.10.3 Optimum Procurement Procurement Outsourcing Services Market Performance (2015-2020) 4.10.4 Optimum Procurement Business Overview 4.11 Genpact 4.11.1 Genpact Basic Information 4.11.2 Procurement Outsourcing Services Product Profiles, Application and Specification 4.11.3 Genpact Procurement Outsourcing Services Market Performance (2015-2020) 4.11.4 Genpact Business Overview 5 Global Procurement Outsourcing Services Market Analysis by Regions 5.1 Global Procurement Outsourcing Services Sales, Revenue and Market Share by Regions 5.1.1 Global Procurement Outsourcing Services Sales by Regions (2015-2020) 5.1.2 Global Procurement Outsourcing Services Revenue by Regions (2015-2020) 5.2 North America Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 5.3 Europe Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 5.4 Asia-Pacific Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 5.5 Middle East and Africa Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 5.6 South America Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 6 North America Procurement Outsourcing Services Market Analysis by Countries 6.1 North America Procurement Outsourcing Services Sales, Revenue and Market Share by Countries 6.1.1 North America Procurement Outsourcing Services Sales by Countries (2015-2020) 6.1.2 North America Procurement Outsourcing Services Revenue by Countries (2015-2020) 6.1.3 North America Procurement Outsourcing Services Market Under COVID-19 6.2 United States Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 6.2.1 United States Procurement Outsourcing Services Market Under COVID-19 6.3 Canada Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 6.4 Mexico Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 7 Europe Procurement Outsourcing Services Market Analysis by Countries 7.1 Europe Procurement Outsourcing Services Sales, Revenue and Market Share by Countries 7.1.1 Europe Procurement Outsourcing Services Sales by Countries (2015-2020) 7.1.2 Europe Procurement Outsourcing Services Revenue by Countries (2015-2020) 7.1.3 Europe Procurement Outsourcing Services Market Under COVID-19 7.2 Germany Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 7.2.1 Germany Procurement Outsourcing Services Market Under COVID-19 7.3 UK Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 7.3.1 UK Procurement Outsourcing Services Market Under COVID-19 7.4 France Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 7.4.1 France Procurement Outsourcing Services Market Under COVID-19 7.5 Italy Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 7.5.1 Italy Procurement Outsourcing Services Market Under COVID-19 7.6 Spain Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 7.6.1 Spain Procurement Outsourcing Services Market Under COVID-19 7.7 Russia Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 7.7.1 Russia Procurement Outsourcing Services Market Under COVID-19 8 Asia-Pacific Procurement Outsourcing Services Market Analysis by Countries 8.1 Asia-Pacific Procurement Outsourcing Services Sales, Revenue and Market Share by Countries 8.1.1 Asia-Pacific Procurement Outsourcing Services Sales by Countries (2015-2020) 8.1.2 Asia-Pacific Procurement Outsourcing Services Revenue by Countries (2015-2020) 8.1.3 Asia-Pacific Procurement Outsourcing Services Market Under COVID-19 8.2 China Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 8.2.1 China Procurement Outsourcing Services Market Under COVID-19 8.3 Japan Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 8.3.1 Japan Procurement Outsourcing Services Market Under COVID-19 8.4 South Korea Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 8.4.1 South Korea Procurement Outsourcing Services Market Under COVID-19 8.5 Australia Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 8.6 India Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 8.6.1 India Procurement Outsourcing Services Market Under COVID-19 8.7 Southeast Asia Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 8.7.1 Southeast Asia Procurement Outsourcing Services Market Under COVID-19 9 Middle East and Africa Procurement Outsourcing Services Market Analysis by Countries 9.1 Middle East and Africa Procurement Outsourcing Services Sales, Revenue and Market Share by Countries 9.1.1 Middle East and Africa Procurement Outsourcing Services Sales by Countries (2015-2020) 9.1.2 Middle East and Africa Procurement Outsourcing Services Revenue by Countries (2015-2020) 9.1.3 Middle East and Africa Procurement Outsourcing Services Market Under COVID-19 9.2 Saudi Arabia Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 9.3 UAE Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 9.4 Egypt Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 9.5 Nigeria Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 9.6 South Africa Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 10 South America Procurement Outsourcing Services Market Analysis by Countries 10.1 South America Procurement Outsourcing Services Sales, Revenue and Market Share by Countries 10.1.1 South America Procurement Outsourcing Services Sales by Countries (2015-2020) 10.1.2 South America Procurement Outsourcing Services Revenue by Countries (2015-2020) 10.1.3 South America Procurement Outsourcing Services Market Under COVID-19 10.2 Brazil Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 10.2.1 Brazil Procurement Outsourcing Services Market Under COVID-19 10.3 Argentina Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 10.4 Columbia Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 10.5 Chile Procurement Outsourcing Services Sales and Growth Rate (2015-2020) 11 Global Procurement Outsourcing Services Market Segment by Types 11.1 Global Procurement Outsourcing Services Sales, Revenue and Market Share by Types (2015-2020) 11.1.1 Global Procurement Outsourcing Services Sales and Market Share by Types (2015-2020) 11.1.2 Global Procurement Outsourcing Services Revenue and Market Share by Types (2015-2020) 11.2 Category Management Sales and Price (2015-2020) 11.3 Source Management Sales and Price (2015-2020) 11.4 Procurement Management Sales and Price (2015-2020) 11.5 Supplier Management Sales and Price (2015-2020) 12 Global Procurement Outsourcing Services Market Segment by Applications 12.1 Global Procurement Outsourcing Services Sales, Revenue and Market Share by Applications (2015-2020) 12.1.1 Global Procurement Outsourcing Services Sales and Market Share by Applications (2015-2020) 12.1.2 Global Procurement Outsourcing Services Revenue and Market Share by Applications (2015-2020) 12.2 BFSI Sales, Revenue and Growth Rate (2015-2020) 12.3 Energy and Utilities Sales, Revenue and Growth Rate (2015-2020) 12.4 Healthcare Sales, Revenue and Growth Rate (2015-2020) 12.5 IT and Telecom Sales, Revenue and Growth Rate (2015-2020) 12.6 Other Sales, Revenue and Growth Rate (2015-2020) 13 Procurement Outsourcing Services Market Forecast by Regions (2020-2026) 13.1 Global Procurement Outsourcing Services Sales, Revenue and Growth Rate (2020-2026) 13.2 Procurement Outsourcing Services Market Forecast by Regions (2020-2026) 13.2.1 North America Procurement Outsourcing Services Market Forecast (2020-2026) 13.2.2 Europe Procurement Outsourcing Services Market Forecast (2020-2026) 13.2.3 Asia-Pacific Procurement Outsourcing Services Market Forecast (2020-2026) 13.2.4 Middle East and Africa Procurement Outsourcing Services Market Forecast (2020-2026) 13.2.5 South America Procurement Outsourcing Services Market Forecast (2020-2026) 13.3 Procurement Outsourcing Services Market Forecast by Types (2020-2026) 13.4 Procurement Outsourcing Services Market Forecast by Applications (2020-2026) 13.5 Procurement Outsourcing Services Market Forecast Under COVID-19 14 Appendix 14.1 Methodology 14.2 Research Data SourceInquiry For Buying
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