Procurement as a Services Market May Set Epic Growth Story | IBM, Accenture, GEP

The ” Procurement as a Services – Market Development Outlook ” Study has been added to AMA Research repository. The study envisage detailed qualitative as well as quantitative market data insights and follows Industry benchmark classification and NAICS standards to built strong players coverage in the study. Some of the major and emerging players identified are IBM (United States), Accenture (Ireland), GEP (United States), Capgemini (France), Genpact (United States), Wipro (India), Pcura (India), Corbus (United States), WNS (India), Infosys (India).

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Scope of the Report of Procurement as a Services
Procurement as a service is a procurement model which outsources procurement that combines technology, staff, and expertise to handle a portion of the procurement function. Technology helps determine what the organization is spending on and where itâ€s likely to find savings. Service procurement companies are those that deliver people-based services to an organization. A procurement service provider can provide a rapid analysis of an organization’s spend and implement changes, negotiate with suppliers, and use proven industry best practices.

The titled segments and sub-section of the market are illuminated below:
by Type (Direct Procurement as a Services, Indirect Procurement as a Services, Services Procurement as a Services), Services (Source to Pay, Source to Contract, Procure to Pay, Rapid Sourcing, Others), End Use Industry (IT and Telecommunication, FMCG Companies, Manufacturing, Energy and Utilities, Healthcare, Others)

Market Trends:
Increasing Consumption of Procurement Services to Significantly Reduce Operational Costs
Integration of Procurement as a Service with Existing Software

Opportunities:
Surging Demand for Procurement as a Services from Developing Economies
The rise in Inventory Management Services Along with Procurement Services

Market Drivers:
Growing Demand of Procurement as a Service to Improve Spending Coverage and Reduce Cost for Goods and Services
Need for Minimized Risk and Assets Required in Procurement Process

In Feb 2021, Cargill and Maersk Tankers announced that in an effort to enable more competitive and transparent pricing, they will launch a new procurement service. While the initial goal is to procure bunker fuel for Cargill and Maersk Tankers’ combined fleet, the service which launches April is also aiming to attract additional customers.

Although the industry can be said to have a market leader like IBM and Accenture, Wipro; the industry is not captured by them. It has small players as well as medium and big players. The industry does not have any major barrier to entry. Reputation and good past work are the keys to attract new first-time customers in this industry.

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Procurement as a Services Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Procurement as a Services market

Chapter 2: Exclusive Summary – the basic information of the Procurement as a Services Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Procurement as a Services

Chapter 4: Presenting the Procurement as a Services Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020

Chapter 6: Evaluating the leading manufacturers of the Procurement as a Services market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2027)

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

finally, Procurement as a Services Market is a valuable source of guidance for individuals and companies.

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