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(Wireless-NewsWire.Com, January 14, 2017 ) Procurement is a relatively new area of outsourcing. Procurement organizations face constraints in delivery due to the lack of resources. Companies often have to deal with declining budgets because of volatile economic conditions. CPOs are often forced to accomplish more with fewer resources. Budgetary restrictions are thus encouraging CPOs to seek low-cost delivery solutions such as outsourcing.
P2P outsourcing helps companies bring on board outsourcing specialists and expert teams to handle internal purchasing, thus achieving greater value in terms of cost savings and go-to-market strategies. Sometimes, service providers do not necessarily focus on defining low-cost solutions; instead, they offer value-added services such as gaining supplier insights, market speculation details, and vendor selection.
Technavios analysts forecast the global procure-to-pay (P2P) outsourcing market to grow at a CAGR of 15.77% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global procure-to-pay outsourcing market for 2016-2020. To calculate the market size, we consider revenue generated from P2P outsourcing vendors in the market and total contract value (TCV) of P2P outsourcing deals.
The market is divided into the following segments based on geography:
Americas
EMEA
APAC
Technavio's report, Global Procure-To-Pay (P2P) Outsourcing Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Accenture
Capgemini
IBM
GEP
Infosys
TCS
Other prominent vendors
Aegis
Corbus
Genpact
HCL Technologies
HP
Optimum Procurement
Proxima
Synise Technologies
WNS
Xchanging
Market driver
Cut costs in procurement process
For a full, detailed list, view our report
Market challenge
System integration challenges
For a full, detailed list, view our report
Market trend
Emergence of mobile P2P technology
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 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?
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