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.
Procurement Outsourcing report published by QYResearch reveals that COVID-19 and Russia-Ukraine War impacted the market dually in 2022. Global Procurement Outsourcing market is projected to reach US$ 9800.9 million in 2029, increasing from US$ 4477.6 million in 2022, with the CAGR of 11.7% during the period of 2023 to 2029. Demand from CPG and Retail and BFSI Sector are the major drivers for the industry.
Global Procurement Outsourcing main players are IBM, Accenture, GEP, Infosys, etc. Global top four manufacturers hold a share over 60%. North America is the largest market, with a share nearly 45%.
Global Procurement Outsourcing Market: Driven factors and Restrictions factors
The research report encompasses a comprehensive analysis of the factors that affect the growth of the market. It includes an evaluation of trends, restraints, and drivers that influence the market positively or negatively. The report also outlines the potential impact of different segments and applications on the market in the future. The information presented is based on historical milestones and current trends, providing a detailed analysis of the production volume for each type from 2018 to 2029, as well as the production volume by region during the same period.
Global Leading Market Research Publisher QYResearch announces the release of the report “Global Procurement Outsourcing Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application”. Based on historical analysis (2018-2022) and forecast calculations (2023-2029), this report provides a detailed analysis of the production volume for each type from 2018 to 2029, as well as production by region during the same period. It aims to help readers gain a comprehensive understanding of the global Procurement Outsourcing market with multiple angles, which provides sufficient Procurement Outsourcings to readers’ strategy and decision making. As the market is constantly changing, the report explores competition, supply and demand trends, as well as the key factors that contribute to its changing demands across many markets.
Get a free sample PDF of this report (Including Full TOC, List of Tables & Figures, Chart) :
https://www.qyresearch.com/reports/1208754/procurement-outsourcing
Overall, this report will provide you with the insights and information needed to make informed business decisions and stay ahead of the competition.
Global Procurement Outsourcing Market report also includes a pricing analysis for each type, manufacturer, region, and global price from 2018 to 2029. This information will help stakeholders make informed decisions and develop effective strategies for growth. The report's analysis of the restraints in the market is crucial for strategic planning as it helps stakeholders understand the challenges that could hinder growth. This information will enable stakeholders to devise effective strategies to overcome these challenges and capitalize on the opportunities presented by the growing market. Furthermore, the report incorporates the opinions of market experts to provide valuable insights into the market's dynamics. This information will help stakeholders gain a better understanding of the market and make informed decisions.
The Procurement Outsourcing market is segmented as below:
By Company
IBM
Accenture
GEP
Infosys
Capgemini
Genpact
TCS
Xchanging
WNS
Segment by Type
Direct Procurement
Indirect Procurement
Segment by Application
CPG and Retail
BFSI Sector
Each chapter of the report provides detailed information for readers to understand the Procurement Outsourcing market further:
Chapter 1: Procurement Outsourcing Market Product Definition, Product Types, Volume and Revenue analysis of Each Type in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2018 to 2023.
Chapter 2: Manufacturer Competition Status, including Sales and Revenue comparison, Manufacturers’ commercial date of Oil Water Separator, product type offered by each manufacturer, Mergers & Acquisitions activities, Expansion activities occurred in the Procurement Outsourcing industry.
Chapter 3: Procurement Outsourcing Market Historical (2018-2022) and forecast (2023-2029) volume and revenue analysis of Procurement Outsourcing in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Chapter 4: Procurement Outsourcing Product Application, Volume and Revenue analysis of Each Application in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2018 to 2023.
Chapter 5 to 9: Procurement Outsourcing Country Level analysis of North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, including volume and revenue analysis.
Chapter 10: Manufacturers’ Outline, covering company’s basic information like headquarter, contact information, major business, Procurement Outsourcing introduction, etc. Procurement Outsourcing Sales, Revenue, Price and Gross Margin of each company as well as Recent Development are also contained in this part.
Chapter 11: Industry Chain, like raw materials, manufacturing cost, are covered. In addition, market opportunities and challenges are emphasized as well in the chapter.
Chapter 12: Market Channel, Distributors and Customers are listed.
Chapter 13: QYResearch’s Conclusions of Procurement Outsourcing market based on comprehensive survey.
Chapter 14: Methodology and Data Sources.
Some of the Key Questions Answered in this Report:
- What is the Procurement Outsourcing market size at the regional and country-level
- What are the key drivers, restraints, opportunities, and challenges of the Procurement Outsourcing market, and how they are expected to impact the market
- What is the global (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) sales value, production value, consumption value, import and export of Oil Water Separator
- Who are the global key manufacturers of the Procurement Outsourcing Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)
- What are the Procurement Outsourcing market opportunities and threats faced by the vendors in the global Procurement Outsourcing Industry
- Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application
- What focused approach and constraints are holding the Procurement Outsourcing market
- What are the different sales, marketing, and distribution channels in the global industry
- What are the upstream raw materials and of Procurement Outsourcing along with the manufacturing process of Oil Water Separator
- What are the key market trends impacting the growth of the Procurement Outsourcing market
- Economic impact on the Procurement Outsourcing industry and development trend of the Procurement Outsourcing industry
- What are the Procurement Outsourcing market opportunities, market risk, and market overview of the Procurement Outsourcing market
Our Service：
- Express Delivery Report Service
- More than 16 years of vast experience
- blish offices in 6 countries
- Operation for 24 * 7 & 365 days
- Owns large database
- In-depth and comprehensive analysis
- Professional and timely after-sales service
To contact us and get this report: https://www.qyresearch.com/contact-us
About Us：
QYResearch founded in California, USA in 2007, which is a leading global market research and consulting company. Our primary business include market research reports, custom reports, commissioned research, IPO consultancy, business plans, etc. With over 16 years of experience and a dedicated research team, we are well placed to provide useful information and data for your business, and we have blished offices in 6 countries (include United States, Germany, Japan, Korea, China and India) and business partners in over 30 countries. We have provided industrial information services to more than 60,000 companies in over the world.
Contact Us:
QY Research Inc.
Add: 17890 Castleton Street Suite 369 City of Industry CA 91748 United States
EN: https://www.qyresearch.com JP: https://qyresearch.jp
Tel: 001-626-842-1666(US) 0086-155 2126 6108(Intl)
E-mail: global@qyresearch.com