Procurement Outsourcing Market 2019 Global Research Report and Gross Margin Analysis till 2023

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Market Research Future
Procurement Outsourcing Market Research Report
Global Forecast till 2023
The global procurement outsourcing market is
expected to register a CAGR of 15.5 during the
forecast period to reach USD 4.19 billion by
2023. Procurement outsourcing is the transfer of
specified key procurement activities relating to
sourcing and supplier management to a third
party. This method is implemented to reduce
overall costs and enable the company to focus on
its core competencies. Procurement categorization
and vendor management of indirect materials and
services are the most popularly outsourced
activities. This process witness a high demand
for the procurement of indirect materials and
services such as marketing, IT-related services,
HR, facility management, and others. https//w
ww.marketresearchfuture.com/reports/procurement-ou
tsourcing-market-7592
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Market Research Future
Regional Analysis The market in North America is
expected to account for the largest market share
during the forecast period. The market in North
America is mature and is expected to have a
steady growth rate during the assessment period.
The market in Europe is expected to be the
second-largest during the review period due to
the increasing adoption of procurement
outsourcing services across verticals such as
energy and utilities, healthcare, and life
sciences. The market in Asia-Pacific is expected
to be the fastest-growing during the assessment
period and major adoption in the manufacturing
vertical. Developing countries such as India,
China, and South Korea and relatively mature
markets of Japan and Singapore are driving the
growth of the procurement outsourcing market. The
market in the rest of the world offers numerous
opportunities to vendors of the procurement
outsourcing solutions and services. The verticals
such as retail and consumer goods, manufacturing
and IT and telecommunications are expected to
boost the market of the rest of the
world. Access Full Report _at_ https//www.marketre
searchfuture.com/reports/procurement-outsourcing-m
arket-7592
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Market Research Future

• Market Segments
• By component, the global procurement outsourcing
  market has been divided into solutions and
  services.
• Based on deployment mode, the global procurement
  outsourcing market has been classified into
  on-premise and cloud.
• The organization size segment of the global
  procurement outsourcing market are small and
  medium-sized enterprises (SMEs) and large
  enterprises.
• On the basis of vertical, the global procurement
  outsourcing market has been divided into banking,
  financial services and insurance (BFSI),
  healthcare, IT telecommunication, retail
  consumer products and goods, manufacturing, and
  others.
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Market Research Future
Major Players in this Research The key players
in the global procurement outsourcing market are
identified based on their country of origin,
presence across different regions, recent key
developments, product diversification, and
industry expertise. These include Accenture
(Ireland), GEP (US), e-Business International
Inc. (US), IBM Corporation (US), Tata Consultancy
Services (India), Infosys Limited (India),
Capgemini (France), Genpact (US), Wipro Limited
(India), WNS (Holdings) Ltd. (India), Corbus LLC
(US), HCL Technologies Limited (India), Aquanima
S.A. (Spain), Aegis (India) and Outsourcing
Procurement Ltd (India). The key strategies
adopted by most of the players are partnerships,
agreements, collaborations, and launch of
solutions and services. Know More about this
Report _at_ https//www.marketresearchfuture.com/pres
s-release/procurement-outsourcing-market
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Market Research Future
About Market Research Future At Market Research
Future (MRFR), we enable our customers to unravel
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