Global Procurement Outsourcing Market 2014-2018

2014-10-22
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Published : Oct-2014
No. of Pages : 80

Procurement outsourcing is a part of outsourcing that involves subcontracting of key procurement requirements of an organization to a third-party vendor that has expertise in the required domains. It can be defined as an effective strategy of delegating one or more business activities to external companies (vendors), which then administer and manage the selected activity based on defined and measurable performance criteria. It helps client firms to increase their operational efficiency, concentrate on their core competencies, reduce time to market, obtain access to fresh talent and experience along with latest technologies, and build an organization with an economical cost structure over the long term.

TechNavio’s analysts forecast the Global Procurement Outsourcing Market to grow at a CAGR of 22.48 percent over the period 2013-2018.

Covered in this Report

The Global Procurement outsourcing is segmented into two parts- Stand-alone procurement outsourcing and procurement outsourcing as a part of BPO services offered.

TechNavio’s report, the Global Procurement Outsourcing Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers Global Procurement Outsourcing market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors

  • Accenture plc
  • GEP
  • Genpact Ltd.
  • IBM Corp.
  • Xchanging plc

Other Prominent Vendor

  • Aegis Ltd.
  • ATS Group
  • Capgemini S.A
  • CGI Grpoup
  • Corbus LLC
  • CSC Corp.
  • DSSI
  • HCL Technologies
  • Hewlett-Packard Co.
  • Infosys Ltd.
  • Optimum Procurement Group
  • Proxima
  • Synise Technologies Ltd.
  • Tata Consultancy Services Ltd.
  • TechMahindra Ltd.
  • Wipro Ltd.
  • WNS Holdings Ltd.
  • Xerox Corp.

Market Driver

  • Significant Cost Reduction
  • For a full, detailed list, view our report.

Market Challenge

  • Lack of Domain Understanding
  • For a full, detailed list, view our report.

Market Trend

  • Emergence of Social Media
  • For a full, detailed list, view our report.

Key Questions Answered in this Report

  • What will the market size be in 2018 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?
Filed in: Information Technology
Publisher : Infiniti Research Limited