Report Detail
Global Procurement Outsourcing Market Growth (Status and Outlook) 2019-2024
- RnM2996532 |
- 21 February, 2019 |
- Global |
- 117 Pages |
- LPI(LP Information) |
- Service & Software
Procure to pay (purchase to pay or P2P) is the process of obtaining and managing the raw materials needed for manufacturing a product or providing a service. It involves the transactional flow of data that is sent to a supplier as well as the data that surrounds the fulfillment of the actual order and payment for the product or service, the transfer of specified key procurement activities relating to sourcing and supplier management to a third party — perhaps to reduce overall costs or maybe to tighten the company's focus on its core competencies. Procurement categorisation and vendor management of indirect materials and services (commonly referred to as Indirect procurement) are typically the most popular outsourced activity.
Cost reduction is the top priority for CPOs as they look to sustain business growth in a slowing market.
Demand for impactful procurement continues to run high, both in terms of managing cost as well as unleashing the potential of the supply market to differentiate business performance. However the traditional constraints of manpower, expertise, and policy driven process are inhibiting.
Cycle times need to be shorter, insight needs to be richer and more agile, and performance needs to be more transparent and efficient.
Whether it's cognitive analytics to redefine scenario analysis, crowdsourcing to improve reach and creativity, or mobile analytics to unlock real-time performance management, the potential for these digital solutions to transform the procurement value proposition is considerable. Digital solutions should be embraced by CPOs and harnessed to greatly improve the function's accuracy, speed of execution, and relevance to the greatest business challenges.
According to this study, over the next five years the Procurement Outsourcing market will register a 11.8% CAGR in terms of revenue, the global market size will reach US$ 5500 million by 2024, from US$ 2820 million in 2019. In particular, this report presents the global revenue market share of key companies in Procurement Outsourcing business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Procurement Outsourcing market by product type, application, key companies and key regions.
This study considers the Procurement Outsourcing value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Direct Procurement
Indirect Procurement
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
CPG and Retail
BFSI Sector
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
IBM
Accenture
GEP
Infosys
Capgemini
Genpact
TCS
Xchanging
WNS
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Procurement Outsourcing market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Procurement Outsourcing market by identifying its various subsegments.
Focuses on the key global Procurement Outsourcing players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Procurement Outsourcing with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Procurement Outsourcing submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Contents
2019-2024 Global Procurement Outsourcing Market Report (Status and Outlook)
1 Scope of the Report
- 1.1 Market Introduction
- 1.2 Research Objectives
- 1.3 Years Considered
- 1.4 Market Research Methodology
- 1.5 Economic Indicators
- 1.6 Currency Considered
2 Executive Summary
- 2.1 World Market Overview
- 2.1.1 Global Procurement Outsourcing Market Size 2014-2024
- 2.1.2 Procurement Outsourcing Market Size CAGR by Region
- 2.2 Procurement Outsourcing Segment by Type
- 2.2.1 Direct Procurement
- 2.2.2 Indirect Procurement
- 2.3 Procurement Outsourcing Market Size by Type
- 2.3.1 Global Procurement Outsourcing Market Size Market Share by Type (2014-2019)
- 2.3.2 Global Procurement Outsourcing Market Size Growth Rate by Type (2014-2019)
- 2.4 Procurement Outsourcing Segment by Application
- 2.4.1 CPG and Retail
- 2.4.2 BFSI Sector
- 2.5 Procurement Outsourcing Market Size by Application
- 2.5.1 Global Procurement Outsourcing Market Size Market Share by Application (2014-2019)
- 2.5.2 Global Procurement Outsourcing Market Size Growth Rate by Application (2014-2019)
3 Global Procurement Outsourcing by Players
- 3.1 Global Procurement Outsourcing Market Size Market Share by Players
- 3.1.1 Global Procurement Outsourcing Market Size by Players (2017-2019)
- 3.1.2 Global Procurement Outsourcing Market Size Market Share by Players (2017-2019)
- 3.2 Global Procurement Outsourcing Key Players Head office and Products Offered
- 3.3 Market Concentration Rate Analysis
- 3.3.1 Competition Landscape Analysis
- 3.3.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
- 3.4 New Products and Potential Entrants
- 3.5 Mergers & Acquisitions, Expansion
4 Procurement Outsourcing by Regions
- 4.1 Procurement Outsourcing Market Size by Regions
- 4.2 Americas Procurement Outsourcing Market Size Growth
- 4.3 APAC Procurement Outsourcing Market Size Growth
- 4.4 Europe Procurement Outsourcing Market Size Growth
- 4.5 Middle East & Africa Procurement Outsourcing Market Size Growth
5 Americas
- 5.1 Americas Procurement Outsourcing Market Size by Countries
- 5.2 Americas Procurement Outsourcing Market Size by Type
- 5.3 Americas Procurement Outsourcing Market Size by Application
- 5.4 United States
- 5.5 Canada
- 5.6 Mexico
- 5.7 Key Economic Indicators of Few Americas Countries
6 APAC
- 6.1 APAC Procurement Outsourcing Market Size by Countries
- 6.2 APAC Procurement Outsourcing Market Size by Type
- 6.3 APAC Procurement Outsourcing Market Size by Application
- 6.4 China
- 6.5 Japan
- 6.6 Korea
- 6.7 Southeast Asia
- 6.8 India
- 6.9 Australia
- 6.10 Key Economic Indicators of Few APAC Countries
7 Europe
- 7.1 Europe Procurement Outsourcing by Countries
- 7.2 Europe Procurement Outsourcing Market Size by Type
- 7.3 Europe Procurement Outsourcing Market Size by Application
- 7.4 Germany
- 7.5 France
- 7.6 UK
- 7.7 Italy
- 7.8 Russia
- 7.9 Spain
- 7.10 Key Economic Indicators of Few Europe Countries
8 Middle East & Africa
- 8.1 Middle East & Africa Procurement Outsourcing by Countries
- 8.2 Middle East & Africa Procurement Outsourcing Market Size by Type
- 8.3 Middle East & Africa Procurement Outsourcing Market Size by Application
- 8.4 Egypt
- 8.5 South Africa
- 8.6 Israel
- 8.7 Turkey
- 8.8 GCC Countries
9 Market Drivers, Challenges and Trends
- 9.1 Market Drivers and Impact
- 9.1.1 Growing Demand from Key Regions
- 9.1.2 Growing Demand from Key Applications and Potential Industries
- 9.2 Market Challenges and Impact
- 9.3 Market Trends
10 Global Procurement Outsourcing Market Forecast
- 10.1 Global Procurement Outsourcing Market Size Forecast (2019-2024)
- 10.2 Global Procurement Outsourcing Forecast by Regions
- 10.2.1 Global Procurement Outsourcing Forecast by Regions (2019-2024)
- 10.2.2 Americas Market Forecast
- 10.2.3 APAC Market Forecast
- 10.2.4 Europe Market Forecast
- 10.2.5 Middle East & Africa Market Forecast
- 10.3 Americas Forecast by Countries
- 10.3.1 United States Market Forecast
- 10.3.2 Canada Market Forecast
- 10.3.3 Mexico Market Forecast
- 10.3.4 Brazil Market Forecast
- 10.4 APAC Forecast by Countries
- 10.4.1 China Market Forecast
- 10.4.2 Japan Market Forecast
- 10.4.3 Korea Market Forecast
- 10.4.4 Southeast Asia Market Forecast
- 10.4.5 India Market Forecast
- 10.4.6 Australia Market Forecast
- 10.5 Europe Forecast by Countries
- 10.5.1 Germany Market Forecast
- 10.5.2 France Market Forecast
- 10.5.3 UK Market Forecast
- 10.5.4 Italy Market Forecast
- 10.5.5 Russia Market Forecast
- 10.5.6 Spain Market Forecast
- 10.6 Middle East & Africa Forecast by Countries
- 10.6.1 Egypt Market Forecast
- 10.6.2 South Africa Market Forecast
- 10.6.3 Israel Market Forecast
- 10.6.4 Turkey Market Forecast
- 10.6.5 GCC Countries Market Forecast
- 10.7 Global Procurement Outsourcing Forecast by Type
- 10.8 Global Procurement Outsourcing Forecast by Application
11 Key Players Analysis
- 11.1 IBM
- 11.1.1 Company Details
- 11.1.2 Procurement Outsourcing Product Offered
- 11.1.3 IBM Procurement Outsourcing Revenue, Gross Margin and Market Share (2017-2019)
- 11.1.4 Main Business Overview
- 11.1.5 IBM News
- 11.2 Accenture
- 11.2.1 Company Details
- 11.2.2 Procurement Outsourcing Product Offered
- 11.2.3 Accenture Procurement Outsourcing Revenue, Gross Margin and Market Share (2017-2019)
- 11.2.4 Main Business Overview
- 11.2.5 Accenture News
- 11.3 GEP
- 11.3.1 Company Details
- 11.3.2 Procurement Outsourcing Product Offered
- 11.3.3 GEP Procurement Outsourcing Revenue, Gross Margin and Market Share (2017-2019)
- 11.3.4 Main Business Overview
- 11.3.5 GEP News
- 11.4 Infosys
- 11.4.1 Company Details
- 11.4.2 Procurement Outsourcing Product Offered
- 11.4.3 Infosys Procurement Outsourcing Revenue, Gross Margin and Market Share (2017-2019)
- 11.4.4 Main Business Overview
- 11.4.5 Infosys News
- 11.5 Capgemini
- 11.5.1 Company Details
- 11.5.2 Procurement Outsourcing Product Offered
- 11.5.3 Capgemini Procurement Outsourcing Revenue, Gross Margin and Market Share (2017-2019)
- 11.5.4 Main Business Overview
- 11.5.5 Capgemini News
- 11.6 Genpact
- 11.6.1 Company Details
- 11.6.2 Procurement Outsourcing Product Offered
- 11.6.3 Genpact Procurement Outsourcing Revenue, Gross Margin and Market Share (2017-2019)
- 11.6.4 Main Business Overview
- 11.6.5 Genpact News
- 11.7 TCS
- 11.7.1 Company Details
- 11.7.2 Procurement Outsourcing Product Offered
- 11.7.3 TCS Procurement Outsourcing Revenue, Gross Margin and Market Share (2017-2019)
- 11.7.4 Main Business Overview
- 11.7.5 TCS News
- 11.8 Xchanging
- 11.8.1 Company Details
- 11.8.2 Procurement Outsourcing Product Offered
- 11.8.3 Xchanging Procurement Outsourcing Revenue, Gross Margin and Market Share (2017-2019)
- 11.8.4 Main Business Overview
- 11.8.5 Xchanging News
- 11.9 WNS
- 11.9.1 Company Details
- 11.9.2 Procurement Outsourcing Product Offered
- 11.9.3 WNS Procurement Outsourcing Revenue, Gross Margin and Market Share (2017-2019)
- 11.9.4 Main Business Overview
- 11.9.5 WNS News
12 Research Findings and Conclusion
Summary:
Get latest Market Research Reports on Procurement Outsourcing . Industry analysis & Market Report on Procurement Outsourcing is a syndicated market report, published as Global Procurement Outsourcing Market Growth (Status and Outlook) 2019-2024. It is complete Research Study and Industry Analysis of Procurement Outsourcing market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
REPORT YOU MIGHT BE INTERESTED
Related Reports
Reason to Buy
Reports and Markets
Contact Us
+1-352-353-0818 (US)Newsletter
KEEP UP TO DATE ON ALL THE LATEST REPORTS
