This report studies the global Procurement Outsourcing market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Procurement Outsourcing market by companies, region, type and end-use industry.
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.
In 2017, the global Procurement Outsourcing market size was 2820 million US$ and it is expected to reach 6830 million US$ by the end of 2025, with a CAGR of 11.7% during 2018-2025.
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This report focuses on the global top players, covered
IBM
Accenture
GEP
Infosys
Capgemini
Genpact
TCS
Xchanging
WNS
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Market segment by Type, the product can be split into
Direct Procurement
Indirect Procurement
Market segment by Application, split into
CPG and Retail
BFSI Sector
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The study objectives of this report are:
To study and forecast the market size of Procurement Outsourcing in global market.
To analyze the global key players, SWOT analysis, value and global market share for top players.
To define, describe and forecast the market by type, end use and region.
To analyze and compare the market status and forecast between China and major regions, namely, United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
To analyze the global key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
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.
In this study, the years considered to estimate the market size of Procurement Outsourcing are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders
Procurement Outsourcing Manufacturers
Procurement Outsourcing Distributors/Traders/Wholesalers
Procurement Outsourcing Subcomponent Manufacturers
Industry Association
Downstream Vendors
Table of Contents
1 Industry Overview of Procurement Outsourcing
2 Global Procurement Outsourcing Competition Analysis by Players
3 Company (Top Players) Profiles
4 Global Procurement Outsourcing Market Size by Type and Application (2013-2018)
5 United States Procurement Outsourcing Development Status and Outlook
6 Europe Procurement Outsourcing Development Status and Outlook
7 China Procurement Outsourcing Development Status and Outlook
8 Japan Procurement Outsourcing Development Status and Outlook
9 Southeast Asia Procurement Outsourcing Development Status and Outlook
10 India Procurement Outsourcing Development Status and Outlook
11 Market Forecast by Regions, Type and Application (2018-2025)
12 Procurement Outsourcing Market Dynamics
13 Market Effect Factors Analysis
14 Research Finding/Conclusion
15 Appendix
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