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Procurement

Indirect Procurement Outsourcing Market Projected to Gain Significant Value by 2025

In the past few years, the global market for Indirect Procurement Outsourcing has witness a number of changes. This research report is an effort to understand the effect of these changes on the market for across the world. This research report on the global Indirect Procurement Outsourcing Market deals with the historical data as well as current statistics of this market and projects the future growth based on the complete overview of the overall performance of this market during the period from 2019 to 2025. The report focuses on analyzing this market on the basis of various market verticals and presents a clear picture of it.

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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.

Indirect categories are all the goods and services that are bought by the company to enable its activity. This entails a wide scope, including marketing related services (media buying, agencies), IT related services (hardware, software), HR related services (recruitment agencies, training), facilities management and office services (Telecoms, furniture, cleaning, catering, printers), or utilities (gas, electricity, water)…etc.

In 2018, the global Indirect Procurement Outsourcing market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.

This report focuses on the global Indirect Procurement Outsourcing status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Indirect Procurement Outsourcing development in United States, Europe and China.

The key players covered in this study
■ IBM
■ Accenture
■ GEP
■ Infosys
■ Capgemini
■ Genpact
■ TCS
■ Xchanging
■ WNS

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Market segment by Type, the product can be split into
■ Marketing Related Services
■ IT Related Services
■ HR Related Services
■ Facilities Management & Office Services
■ Others

Market segment by Application, split into
■ CPG & Retail
■ BFSI Sector
■ Manufacturing Sector
■ Energy & Utilities
■ Hi-Tech & Telecom
■ Healthcare & Pharma
■ Others

Market Segment by Regions, regional analysis covers
■ North America (United States, Canada and Mexico)
■ Europe (Germany, UK, France, Italy, Russia, Spain and Benelux)
■ Asia Pacific (China, Japan, India, Southeast Asia and Australia)
■ Latin America (Brazil, Argentina and Colombia)
■ Middle East and Africa

Scope of the Market: This report focuses on the global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, types and applications.

Research objectives: 
■ To study and estimate the market size of Indirect Procurement Outsourcing Market, in terms of value.
■ To find growth and challenges for the global market.
■ To study worthwhile expansions such as expansions, new services launches in Global Indirect Procurement Outsourcing Market.
■ To conduct the pricing analysis for the global market.
■ To classify and assess the side view of important companies of Global Indirect Procurement Outsourcing Market.

Global Indirect Procurement Outsourcing Market Report gives answers to Following Vital Questions:
1. What are the risks associated with the sourcing of raw material, or holding the line on costs of services?
2. Who are the emerging competitors in the Global Indirect Procurement Outsourcing industry?
3. Expected percentage of the Global Indirect Procurement Outsourcing Market Growth over the upcoming period?
4. Why does Global Indirect Procurement Outsourcing Market have high growth potential?
5. How does this report match with Investment Policy Statement?

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