Global (AMER, EMEA, BRICS and APAC) Procurement Outsourcing Market Size, Status and Forecast 2019-2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Procurement Outsourcing Market



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 2018, the global Procurement Outsourcing market size was 3152.8 million US$ and it is expected to reach 6827.3 million US$ by the end of 2025, with a CAGR of 11.7% during 2019-2025. This report focuses on the global Procurement Outsourcing status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Procurement Outsourcing development in United States, Europe and China. 

Market Segmentation, Outlook & Regional Insights: Procurement Outsourcing Market

Segmentation by Product Type: Breakdown of data from year 2014 to 2019 and forecast until 2025:
 
Direct Procurement
Indirect Procurement

Segmentation by Application : Breakdown of data from year 2014 to 2019 and forecast until 2025:

CPG and Retail
BFSI Sector
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America

Key Players, Recent Developments & Sector Viewpoints: Procurement Outsourcing Market
 
IBM
Accenture
GEP
Infosys
Capgemini
Genpact
TCS
Xchanging
WNS

Key Insights Covered: Exhaustive Procurement Outsourcing Market
1.  Market size (sales, revenue and growth rate) of Procurement Outsourcing industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Procurement Outsourcing industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Procurement Outsourcing industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Procurement Outsourcing industry.

Research Methodology: Procurement Outsourcing Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.