Report Consultant's analysts forecast the global service procurement market is expected to grow at a CAGR of +12%.
Services procurement market solutions help organizations make decisions using a comprehensive analysis and reporting of information generated throughout the life cycle of the external workforce. The growing requirement for automation, need for data-driven businesses, and the increasing use of social media and smartphones for enhanced collaboration and spend management are expected to drive the demand for services procurement solutions.
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Top Key Players of Service Procurement Market:
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).
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.
The major players and the new entrants of Service Procurement Market have been incorporating strategic merger and acquisition activities amongst each other to testify the factors responsible for changing dynamics. These changing dynamics implore the players to keep up with rising demands or present restrains so as to drive the broad scope of the Service Procurement Market. The key players listed in the report are described by means of cursory data such as company profile and their contact information as well as relevant and updated data, which includes the product snapshots and specifications, along with its production, supply and demand ratios.
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Service Procurement Market Segmentation:
Service Procurement Market segment by Type:
- To gain insightful analyses of the Service Procurement market and have a comprehensive understanding of the global market and its commercial landscape.
- To assess the production processes, major issues, and solutions to mitigate the development liability.
- To understand the most affecting driving and restraining forces in the Service Procurement market and its impact on the global market.
- Learn about the market policies that are being adopted by prominent organizations.
- To understand the future outlook and prospects for the Service Procurement market.
Contingent Workforce Management, Freelancer Management, Statement of Work Procurement, Services Governance and MSA Management, Analytics and Reporting, and Resource Sourcing and Tracking
Service Procurement Market segment by Application:
Banking, Financial Services, and Insurance, Telecom and IT, Manufacturing, Retail and Consumer goods, Government, Healthcare and Life Sciences, Transportation and Logistics, Energy and Utilities, and Others
Several factors such as the increasing number of freelancers in the job market, growing impetus on workforce analytics, and effective management of spending on contractual workers, are driving the growth of the service procurement market. Moreover, an increasing adoption rate of services procurement solutions by several industry verticals, such as telecom, manufacturing, BFSI, and information technology, is expected to boost the service procurement market growth.
Finally, researchers direct its focus towards the overall demand of global Service Procurement market in the forecast period. The research report offers an in-depth investigation of the global market by considering various business aspects. The essential information has been inspected for evaluation of market performance.
In This Study, The Years Considered To Estimate The Size Of Service Procurement Market Are As Follows:
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- History Year: 2015-2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2027