- The key vendors in the global procurement outsourcing market 2015-2019 are IBM, Accenture, Xchanging, and GEP.
London, 02 November 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global procurement outsourcing market 2015-2019. Social, mobile, analytics, and cloud adoption for outsourcing services are the next big thing in procurement outsourcing. Social media networking sites are creating awareness at three levels: creating awareness about the outsourcing services, influencing clients’ opinions, and eventually leading to action. The global procurement outsourcing market 2015-2019 is expected to grow at a CAGR of 14.97% during the forecast period of 2014-2019.
Source: Technavio, 2015
PO is the fastest growing segment of the BPO market. PO providers are helping their clients to improve organizational effectiveness and efficiency through innovative solutions for process and technology. APAC is the preferred outsourcing center because of the presence of key outsourcing countries in the region such as India, China, Australia, Malaysia, the Philippines, and Vietnam.
“Vendors are providing flexible and agile technology solutions that can match their clients’ business models and their customers’ requirements,” says Faisal Ghaus, Vice President of Technavio Research.
“Procurement-as-a-service is acting as a catalyst in the BPO industry and provides end-to-end on-demand software solutions. It reduces firms IT investments as vendors are taking care of technology solutions through managed services with the support for procurement outsourcing.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Procurement Outsourcing Market 2015-2019, please send an e-mail to media@TechNavio.com
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