Global S2P Outsourcing Market 2015-2019
About global S2P outsourcing
S2P is an effective strategy that delegates one or more business activities to external companies (suppliers) that then administer and manage the selected activity based on defined and measurable performance criteria. It helps clients operate efficiently, reduces time to market, and helps focus on core competencies. S2P leads to the successful creation of an economical cost structure in the long term. The global S2P outsourcing market continued to grow during the 2008-2009 global financial crisis. The Americas accounted for the majority of the market growth. EMEA and APAC followed the Americas. The demand for procurement outsourcing services in the global market originates from large corporations, SMEs, and government organizations. The global S2P outsourcing market is expected to grow at a CAGR of 14.1% during the forecast period.
Covered in this report
The global S2P outsourcing market can be segmented into two: global S2C outsourcing market and global P2P outsourcing market. This report covers information about the market share of the global S2P outsourcing market by category. The report also covers information about end-user segmentation of the global S2P outsourcing market.
Technavio's report, Global S2P Outsourcing Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the global S2P outsourcing market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global S2P Outsourcing Market 2015-2019
Technavio recognizes the following companies as the key players in the global S2P outsourcing market: Accenture, Capgemini, GEP, IBM and Xchanging
Other Prominent Vendors in the market are: Aegis, ATS Group, Capgemini, CGI, Corbus, CSC, DSSI, HCL, HP, Infosys, Optimum Procurement, Proxima, Synise, TCS, Tech Mahindra, Wipro, WNS and Xerox
Commenting on the report, an analyst from Technavio’s team said: “One of the primary drivers is a significant cost reduction stemming from labor arbitrage. This helps companies to shift procurement services from expensive working locations to more cost-effective geographies. Firms that operate outsourcing business processes do not need to invest in resources or worry about handling their limited available resources. The outsourcing of procurement processes helps them gain access to local talent and advanced technologies in another country while simultaneously maintaining a lean workforce.”
According to the report, vendors have started leveraging social media platforms to network with clients. Social media provides easy access to low-cost information and has gained traction among both corporate and retail users.
Further, the report states that the lack of domain expertise is one of the major concerns in many organizations.
Accenture, Capgemini, GEP, IBM, Xchanging, Aegis, ATS Group, Capgemini, CGI, Corbus, CSC, DSSI, HCL, HP, Infosys, Optimum Procurement, Proxima, Synise, TCS, Tech Mahindra, Wipro, WNS, Xerox
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