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Service Procurement Market by Solution (Contingent Workforce Management, Freelancer Management, Services Governance, MSA Management), Service, Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2022

Service Procurement Market by Solution (Contingent Workforce Management, Freelancer Management, Services Governance, MSA Management), Service, Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2022

Growing number of freelancers in the job market and increasing impetus on workforce analytics and effective management of spending on contractual workers are driving the service procurement market.
The service procurement market size is expected to grow from USD 579.5 million in 2017 to USD 1,011.6 million by 2022, at a Compound Annual Growth Rate (CAGR) of 11.8% during the forecast period. This market is driven by growing impetus on workforce analytics, and opportunities created with technological advancements for temporary workers to grow in the services sector. On the other hand, a temporary worker’s access to corporate facilities and systems and lack of online order management are major restraints for the service procurement market growth.

Contingent workforce management solution is expected to hold a high market size during the forecast period.
A contingent workforce consists of people such as consultants, professors, and independent contractors which are not on the hiring company’s payroll. Contingent workforce management includes competencies, such as rate cards, analytics, reporting and cost benchmarking. Contingent workforce management has many benefits, such as cost savings, low administrative costs, and no mandate to pay payroll taxes and health insurance subscriptions.

On-premises deployment mode is expected to hold a larger market size during the forecast period.
The on-premises deployment refers to the installation of application on an organization’s premises, rather than at a remote facility. On-premises solutions are delivered on a one-time license fee, along with a service agreement. As this deployment requires huge infrastructure and its own data center, organizations that can afford this cost usually deploy on-premises solutions. Therefore, Small and Medium-sized Enterprises (SMEs) often face the dilemma of choosing between hosted and on-premises solutions. With advantages, such as control over the system and data, and dedicated staff for maintenance and support, it also comes with some drawbacks, such as high deployment cost and good infrastructure requirements, which are not always possible for every organization to invest in. However, the growth of on-premises deployment type is being affected by the rapid development of cloud computing solutions.

Asia Pacific is projected to grow at the highest CAGR and North America is expected to hold the largest market size during the forecast period.
North America has the first-mover advantage in the adoption of new technologies, such as analytics, big data, and cloud platforms. Companies are willingly investing in North America. The factors driving the growth of the service procurement market in North America are stable economy, technology enhancements, and infrastructure costs. APAC consists of growing economies and has a favorable market for vendors of services procurement solutions. India, China, Australia, and Japan are major contributors to the growth of service procurement market in APAC.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of profiles of primary participants is given below as:
• By company type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
• By designation: C-level – 35%, Director level – 25%, and Others – 40%
• By region: North America – 48%, Europe – 22%, APAC – 22%, Latin America – 4%, and MEA –4%
The services procurement solutions ecosystem comprises major vendors, such as SAP Fieldglass (US), Beeline (US), DCR Workforce (US), PRO Unlimited (US), PeopleFluent (US), Provade (US), PIXID (France), Upwork (US), Field Nation (US), WorkMarket (US), Superior Group (US), Enlighta (US), and TargetRecruit (US).

Research Coverage
The report includes in-depth competitive analysis of these key players in the service procurement market, with company profiles, recent developments, and key market strategies. The research report segments the service procurement market by solution, service, deployment type, organization size, vertical, and region.

Reasons to Buy the Report
The report on the global service procurement market will help leaders/new entrants in the market in the following ways:
1. The report segments the service procurement market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split across various industries and regions.
2. The report helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders in better understanding the competitors and gaining more insights to better position their businesses. There is a separate section on competitive landscape, including competitor ecosystem, and mergers and acquisitions. Besides, there are company profiles of 12 major vendors in this market. The section provides market internals that can put players ahead of the competitors.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
    • YEARS CONSIDERED FOR THE STUDY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • RESEARCH ASSUMPTIONS
    • LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE SERVICES PROCUREMENT SOLUTIONS MARKET
    • SERVICES PROCUREMENT SOLUTIONS MARKET, BY COMPONENT
    • SERVICES PROCUREMENT SOLUTIONS MARKET, BY DEPLOYMENT TYPE
    • SERVICES PROCUREMENT SOLUTIONS MARKET, BY ORGANIZATION SIZE
    • SERVICES PROCUREMENT SOLUTIONS MARKET, BY INDUSTRY VERTICAL AND REGION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • SERVICES PROCUREMENT SOLUTIONS: USE CASES
      • USE CASE #1
      • USE CASE #2
      • USE CASE #3
  • SERVICES PROCUREMENT SOLUTIONS MARKET, BY COMPONENT
    • INTRODUCTION
      • Table SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
    • SOLUTIONS
      • Table SOLUTIONS: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, 2015-2022 (USD MILLION)
      • CONTINGENT WORKFORCE MANAGEMENT
        • Table CONTINGENT WORKFORCE MANAGEMENT MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • FREELANCER MANAGEMENT
        • Table FREELANCER MANAGEMENT MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • STATEMENT OF WORK PROCUREMENT
        • Table STATEMENT OF WORK PROCUREMENT MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • SERVICES GOVERNANCE AND MASTER SERVICE AGREEMENT MANAGEMENT
        • Table SERVICES GOVERNANCE AND MASTER SERVICE AGREEMENT MANAGEMENT MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • ANALYTICS AND REPORTING
        • Table ANALYTICS AND REPORTING MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • RESOURCE SOURCING AND TRACKING
        • Table RESOURCE SOURCING AND TRACKING MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • SERVICES
      • Table SERVICES: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, 2015-2022 (USD MILLION)
      • DEPLOYMENT AND INTEGRATION
        • Table DEPLOYMENT AND INTEGRATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • SUPPORT AND MAINTENANCE
        • Table SUPPORT AND MAINTENANCE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • CONSULTING
        • Table CONSULTING MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • SERVICES PROCUREMENT SOLUTIONS MARKET, BY DEPLOYMENT TYPE
    • INTRODUCTION
      • Table SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
    • ON-PREMISES
      • Table ON-PREMISES: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • CLOUD
      • Table CLOUD: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • SERVICES PROCUREMENT SOLUTIONS MARKET, BY ORGANIZATION SIZE
    • INTRODUCTION
      • Table SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
    • LARGE ENTERPRISES
      • Table LARGE ENTERPRISES: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • SMALL AND MEDIUM-SIZED ENTERPRISES
      • Table SMALL AND MEDIUM-SIZED ENTERPRISES: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • SERVICES PROCUREMENT SOLUTIONS MARKET, BY INDUSTRY VERTICAL
    • INTRODUCTION
      • Table SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY INDUSTRY VERTICAL, 2015-2022 (USD MILLION)
    • BANKING, FINANCIAL SERVICES, AND INSURANCE
      • Table BANKING, FINANCIAL SERVICES, AND INSURANCE: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • TELECOM AND IT
      • Table TELECOM AND IT: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • MANUFACTURING
      • Table MANUFACTURING: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • RETAIL AND CONSUMER GOODS
      • Table RETAIL AND CONSUMER GOODS: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • GOVERNMENT
      • Table GOVERNMENT: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • HEALTHCARE AND LIFE SCIENCES
      • Table HEALTHCARE AND LIFE SCIENCES: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • TRANSPORTATION AND LOGISTICS
      • Table TRANSPORTATION AND LOGISTICS: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • ENERGY AND UTILITIES
      • Table ENERGY AND UTILITIES: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • OTHERS
      • Table OTHERS: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • SERVICES PROCUREMENT SOLUTIONS MARKET, BY REGION
    • INTRODUCTION
      • Table SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY SOLUTION, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY INDUSTRY VERTICAL, 2015-2022 (USD MILLION)
    • EUROPE
      • Table EUROPE: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table EUROPE: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY SOLUTION, 2015-2022 (USD MILLION)
      • Table EUROPE: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table EUROPE: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
      • Table EUROPE: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • Table EUROPE: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY INDUSTRY VERTICAL, 2015-2022 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY SOLUTION, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY INDUSTRY VERTICAL, 2015-2022 (USD MILLION)
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY SOLUTION, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY INDUSTRY VERTICAL, 2015-2022 (USD MILLION)
    • LATIN AMERICA
      • Table LATIN AMERICA: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY SOLUTION, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: SERVICES PROCUREMENT SOLUTIONS MARKET SIZE, BY INDUSTRY VERTICAL, 2015-2022 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING
      • Table MARKET RANKING FOR THE SERVICES PROCUREMENT SOLUTIONS MARKET, 2017
    • COMPETITIVE SCENARIO
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES/ENHANCEMENTS, 2016-2017
      • BUSINESS EXPANSIONS
        • Table BUSINESS EXPANSIONS, 2016-2017
      • ACQUISITIONS
        • Table ACQUISITIONS, 2013-2017
      • PARTNERSHIPS
        • Table PARTNERSHIPS, 2016-2017
  • COMPANY PROFILES
    • SAP FIELDGLASS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • BEELINE
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • DCR WORKFORCE
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • PRO UNLIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • PEOPLEFLUENT
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • PROVADE
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
      • PARTNER NETWORKS
    • UPWORK
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • FIELD NATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • WORKMARKET
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SUPERIOR GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ENLIGHTA
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • PIXID
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
      • PARTNER NETWORKS
    • KEY INNOVATORS
      • TARGETRECRUIT
  • APPENDIX
    • KEY INDUSTRY INSIGHTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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