Procurement Outsourcing Services Market Research Report

NEW YORK, March 25, 2022 (GLOBE NEWSWIRE) — announces the release of “Procurement Outsourcing Services Market Research Report by Services, by Industry, by Region – Global Forecast to 2027 – Cumulative Impact of COVID-19″ –

Global Procurement Outsourcing Services market size was estimated at US$2,390.89M in 2020 and is projected to reach US$2,706.48M in 2021 at a CAGR of 13.63% to reach US$5,849.01M by 2027 .

Market Statistics:
The report provides market sizes and forecasts for five major currencies – USD, EUR, JPY, GBP, AUD, CAD and CHF. It helps organization leaders make better decisions when currency conversion data is readily available. In this report, the years 2018 and 2019 are considered as the historical years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2027 as the forecast period.

Market Segmentation and Coverage:
This research report categorizes the Procurement Outsourcing Services to forecast the revenue and analyze the trends in each of the following submarkets:

Based on Services, the market has been studied via Business Process Outsourcing Services and Consulting Services. The Business Process Outsourcing Services are further studied in Category Management, Procure to Pay, Procurement Management, Source Management, Supplier Management and Supplier Management.

Based on industry, the market has been segmented into Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Buildings, Construction & Real Estate, Consumer & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare, and Life examines sciences, information technology, manufacturing, media and entertainment, telecommunications, and travel and hospitality.

Based on region, the Americas, Asia-Pacific, and Europe, Middle East & Africa market has been studied. America is further studied in Argentina, Brazil, Canada, Mexico and the United States. The United States is further explored in California, Florida, Illinois, New York, Ohio, Pennsylvania and Texas. Asia Pacific continues to be explored in Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan and Thailand. Europe, Middle East and Africa are further explored in France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates and United Kingdom.

Cumulative Impact of COVID-19:
COVID-19 is an unparalleled global public health emergency that has affected almost every industry and the long-term impact is expected to impact the industry growth over the forecast period. Our ongoing research is expanding our research framework to ensure underlying COVID-19 issues and potential avenues for the future are included. The report provides insights into COVID-19 considering the changes in consumer behavior and demand, buying patterns, supply chain diversion, dynamics of current market forces and significant government interventions. The updated study provides insights, analysis, estimates and forecasts considering the impact of COVID-19 on the market.

Competitive strategic window:
The Competitive Strategic Window analyzes the competitive landscape in terms of markets, applications and regions to help the vendor define an alignment or match between its capabilities and opportunities for future growth prospects. It describes the optimal or favorable suitability for vendors to adopt sequential merger and acquisition strategies, geographic expansion, research and development, and new product launch strategies to conduct further business expansion and growth during a forecast period.

FPNV positioning matrix:
The FPNV Positioning Matrix evaluates and categorizes procurement outsourcing services market vendors based on business strategy (business growth, industry coverage, financial viability, and channel support) and product satisfaction (value for money, ease of use, product features, and customers). support) that helps companies make better decisions and understand the competitive landscape.

Market share analysis:
Market share analysis offers the analysis of vendors considering their contribution to the overall market. It conveys the idea of ​​its revenue generation compared to other providers in this space in the overall market. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing the market share provides an idea of ​​the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance and merger characteristics.

Competition scenario:
The competitive scenario provides an outlook analysis of the vendors’ various business growth strategies. The news covered in this section provides valuable thoughts on the various stages while also keeping current with the business and engaging stakeholders in the economic debate. The competitive scenario represents press releases or news from the companies categorized into Mergers & Acquisitions, Agreements, Collaboration & Partnerships, New Product Launch & Improvement, Investment & Funding, and Award, Recognition & Expansion. All the collected news helps the provider to understand the gaps in the market and the strengths and weaknesses of the competitors, providing insights to improve the product and service.

Company Usability Profiles:
The report examines in depth the recent significant developments of the leading vendors and innovation profiles in the global procurement outsourcing services market, including Accenture, Inc., Alorica Inc., Aquanima, Capgemini SE, Concentrix Corporation, Conduent, Inc., Corbus, LLC . , DXC Technology Company, Genpact Limited, GEP, HCL Technologies Limited, Hewlett Packard Enterprise Company, Hexaware Technologies Limited, International Business Machines Corporation, Optimum Procurement Limited, Tata Consultancy Services Limited, TTEC Holdings Inc, Wipro Limited, WNS Global Services and Xchanging Limited .

The report provides insights into the following indications:
1. Market Penetration: Provides comprehensive information about the market offered by the major players
2. Market Development: Provides detailed information on lucrative emerging markets and analyzes the penetration of mature market segments
3. Market Diversification: Provides detailed information on new product launches, untapped regions, current developments and investments
4. Competitive Assessment and Intelligence: Provides a comprehensive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players
5. Product Development & Innovation: Provides intelligent insights into future technologies, R&D activities and breakthrough product developments

The report answers questions like:
1. What is the market size and forecast of the global procurement outsourcing services market?
2. What are the restraining factors and impact of COVID-19 shaping the global procurement outsourcing services market during the forecast period?
3. What products/segments/applications/areas of the global procurement outsourcing services market to invest in during the forecast period?
4. What is the strategic competitive window for opportunities in the global procurement outsourcing services market?
5. What are the technology trends and regulatory framework in the Global Procurement Outsourcing Services Market?
6. What is the market share of the leading providers in the global procurement outsourcing services market?
7. What modes and strategic moves are considered suitable for entering the global Procurement Outsourcing Services market?
Read the full report:

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