Procurement Outsourcing Services Market Growing at CAGR of +15.05% by 2026 – Focusing Key Players like Alorica Inc., Capita plc., Concentrix Corporation,

15Nov - by sopan - 0 - In Business Industry

Global Procurement Outsourcing Services Market is set to witness a healthy CAGR of 15.05% in the forecast period of 2019- 2026. Procurement outsourcing services is a process in which a company hires an external so that they can manage their company activities like transaction, purchases etc. This helps the company to focus more on their competitions and manage important business activities. This reduces the overall production cost and improves the business. The procurement activity is divided into two types- direct procurement and indirect procurement. They are used in wide number of industries like healthcare, pharmaceutical, IT and telecom, oil and gas etc. Rising popularity of IT solutions is fuelling the growth of this market. The report contains data of the base year 2018 and historic year 2017.  Global Procurement Outsourcing Services Market By Type (Business Process Outsourcing Services, Category Management, Source Management, Procurement Management, Supplier Management, Procure to Pay), Industry (BFSI, Energy & Utilities, Oil & Gas, Power Generation, Water, Healthcare, Pharmaceuticals, Biotechnology, IT & Telecom, Professional Services, Manufacturing, Automotive, Consumer Goods, Industrial, Electronics, Retail, Logistics, Defense, Paper & Pulp), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026 Strategies of Key Players are profiled in this Report are   Aegis, Alorica Inc., Capita plc., Concentrix Corporation, Conduent, Inc., Convergys Corporation, Genpact, Hexaware Technologies, 

The information in the Procurement Outsourcing Services report provides an advance considering perspective on different factors driving or restraining market growth.   The Procurement Outsourcing Services report helps in accepting the important product segments and their future. The report delivers pin point analysis of varying competition dynamics and keep you ahead of competitors. The Procurement Outsourcing Services report helps in making decisions by having thorough insights of market and by making in-depth analysis of market segments.

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Competitive Analysis Global Procurement Outsourcing Services Market

Global procurement outsourcing services market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of procurement outsourcing services market for global, Europe, North America, Asia-Pacific and South America. Few of the major competitors currently working in the global procurement outsourcing services market are Accenture,  TATA CONSULTING SERVICES, Teleperformance, Wipro Limited, TTEC., Corbus, LLC., Infosys Limited, IBM Corporation., WNS (Holdings) Ltd., GEP, McKinsey & Company and others 

Segmentation: Global Procurement Outsourcing Services Market

  • By Type

o    Business Process Outsourcing Services

o    Category Management

o    Source Management

o    Procurement Management

o    Supplier Management

o    Procure to Pay

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  • By Industry

o    BFSI

o    Energy & Utilities

o    Oil & Gas

o    Power Generation

o    Water

o    Healthcare

o    Pharmaceuticals

o    Biotechnology

o    IT & Telecom

o    Professional Services

o    Manufacturing

o    Automotive

o    Consumer Goods

o    Industrial

o    Electronics

o    Retail

o    Logistics

o    Defense

o    Paper & Pulp


  • North America,
  • South America,
  • Europe,
  • Asia-Pacific,
  • Middle East and Africa

Market Drivers: Global Procurement Outsourcing Services Market

  • Increasing prevalence of IT solutions is driving the growth of this market
  • Technological development and advancement is another factor driving the market growth.
  • Growing demand of procurement outsourcing service from manufacturing and financial industry will also enhance the market
  • Increasing requirement to stick to the guidelines and ensure conformity will also propel growth.

Market Restraints: Global Procurement Outsourcing Services Market

  • Rising space growing between client requirements and organization capability is restraining the growth of this market
  • High risk related with outsourcing is restraining the growth of this market
  • Complexity associated with the category management will also restrict the growth

Key Insights in the report:

  • ·         Complete and distinct analysis of the market drivers and restraints
  • ·         Key market players involved in this industry
  • ·         Detailed analysis of the market segmentation
  • ·         Competitive analysis of the key players involved

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