According to research report "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", published by marketsandmarkets, global 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.
Service procurement are adopted by companies across the globe, due to the increasing number of freelancers in the job market and growing impetus on workforce analytics. Hence, the providers of service procurement, with advancements in the Software-as-a-Service (SaaS) technology, are enhancing their solutions to boost their revenue growth. Strategic partnership is an important growth strategy adopted by the key market players to develop new services and gain traction in the service procurement market.
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Service procurement consist of freelancer management, contingent workforce management, statement of work procurement, analytics and reporting, resource sourcing and tracking, and service governance and MSA management. Major vendors of service procurement include 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). These players have adopted various growth strategies, such as partnerships, collaborations, agreements, mergers and acquisitions, and new product developments, to grow in the service procurement market.
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SAP Fieldglass (US), with a significant presence in the service procurement market, is aspiring to become the top market provider of service procurement focusing on VMS and service procurement. In December 2016, SAP Fieldglass launched SAP Fieldglass Flex, a dynamic workforce management solution for medium-sized businesses. In May 2016, SAP Fieldglass launched new optimized data centers due to the increasing demand in Europe.
Beeline (US) is another top player in the service procurement market. The company provides various solutions such as VMS, contingent staffing, services procurement, resource management tracking, and talent acquisition. In October 2017, Beeline launched Credible, which offers a complete, bi-directional integration, and real-time business networking product for organizations dealing with staffing resources.
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This report studies the global Service Procurement market, analyzes and researches the Service Procurement development status and forecast in United States, EU, Japan, China, India and Southeast Asia.
This report focuses on the top players in global market, likeAccess the PDF sample of the report @ https://www.orbisresearch.com/contacts/request-sample/2125187SAP 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)TargetRecruit (US)\n\\n\nMarket segment by Regions/Countries, this report coversUnited StatesEUJapanChinaIndiaSoutheast Asia\n\\n\nMarket segment by Type, the product can be split intoContingent Workforce ManagementFreelancer ManagementStatement of Work ProcurementServices Governance and MSA ManagementAnalytics and ReportingResource Sourcing and Tracking\n\\n\nMarket segment by Application, the market can be split intoBanking, Financial Services, and InsuranceTelecom and ITManufacturingRetail and Consumer goodsGovernmentHealthcare and Life SciencesTransportation and LogisticsEnergy and UtilitiesOthers\n\\n\nIf you have any special requirements, please let us know and we will offer you the report as you want.Browse the full report @ https://www.orbisresearch.com/reports/index/2018-2025-service-procurement-report-on-global-and-united-states-market-status-and-forecast-by-players-types-and-applicationsTable of ContentsChapter One: Industry Overview of Service Procurement1.1 Service Procurement Market Overview1.1.1 Service Procurement Product Scope1.1.2 Market Status and Outlook1.2 Global Service Procurement Market Size and Analysis by Regions1.2.1 United States1.2.2 EU1.2.3 Japan1.2.4 China1.2.5 India1.2.6 Southeast Asia1.3 Service Procurement Market by Type1.3.1 Contingent Workforce Management1.3.2 Freelancer Management1.3.3 Statement of Work Procurement1.3.4 Services Governance and MSA Management1.3.5 Analytics and Reporting1.3.6 Resource Sourcing and Tracking1.4 Service Procurement Market by End Users/Application1.4.1 Banking, Financial Services, and Insurance1.4.2 Telecom and IT1.4.3 Manufacturing1.4.4 Retail and Consumer goods1.4.5 Government1.4.6 Healthcare and Life Sciences1.4.7 Transportation and Logistics1.4.8 Energy and Utilities1.4.9 Othersn\nnChapter Two: Global Service Procurement Competition Analysis by Players2.1 Service Procurement Market Size (Value) by Players (2017 and 2018)2.2 Competitive Status and Trend2.2.1 Market Concentration Rate2.2.2 Product/Service Differences2.2.3 New Entrants2.2.4 The Technology Trends in Futuren\nnChapter Three: Company (Top Players) Profiles3.1 SAP Fieldglass (US)3.1.1 Company Profile3.1.2 Main Business/Business Overview3.1.3 Products, Services and Solutions3.1.4 Service Procurement Revenue (Value) (2013-2018)3.1.5 Recent Developments3.2 Beeline (US)3.2.1 Company Profile3.2.2 Main Business/Business Overview3.2.3 Products, Services and Solutions3.2.4 Service Procurement Revenue (Value) (2013-2018)3.2.5 Recent Developments3.3 DCR Workforce (US)3.3.1 Company Profile3.3.2 Main Business/Business Overview3.3.3 Products, Services and Solutions3.3.4 Service Procurement Revenue (Value) (2013-2018)3.3.5 Recent Developments3.4 PRO Unlimited (US)3.4.1 Company Profile3.4.2 Main Business/Business Overview3.4.3 Products, Services and Solutions3.4.4 Service Procurement Revenue (Value) (2013-2018)3.4.5 Recent Developments3.5 PeopleFluent (US)3.5.1 Company Profile3.5.2 Main Business/Business Overview3.5.3 Products, Services and Solutions3.5.4 Service Procurement Revenue (Value) (2013-2018)3.5.5 Recent Developments3.6 Provade (US)3.6.1 Company Profile3.6.2 Main Business/Business Overview3.6.3 Products, Services and Solutions3.6.4 Service Procurement Revenue (Value) (2013-2018)3.6.5 Recent Developments3.7 PIXID (France)3.7.1 Company Profile3.7.2 Main Business/Business Overview3.7.3 Products, Services and Solutions3.7.4 Service Procurement Revenue (Value) (2013-2018)3.7.5 Recent Developments3.8 Upwork (US)3.8.1 Company Profile3.8.2 Main Business/Business Overview3.8.3 Products, Services and Solutions3.8.4 Service Procurement Revenue (Value) (2013-2018)3.8.5 Recent Developments3.9 Field Nation (US)3.9.1 Company Profile3.9.2 Main Business/Business Overview3.9.3 Products, Services and Solutions3.9.4 Service Procurement Revenue (Value) (2013-2018)3.9.5 Recent Developments3.10 WorkMarket (US)3.10.1 Company Profile3.10.2 Main Business/Business Overview3.10.3 Products, Services and Solutions3.10.4 Service Procurement Revenue (Value) (2013-2018)3.10.5 Recent Developments3.11 Superior Group (US)3.12 Enlighta (US)3.13 TargetRecruit (US)n\nnChapter Four: Global Service Procurement Market Size by Type and Application (2013-2018)4.1 Global Service Procurement Market Size by Type (2013-2018)4.2 Global Service Procurement Market Size by Application (2013-2018)4.3 Potential Application of Service Procurement in Future4.4 Top Consumer/End Users of Service Procurementn\nnChapter Five: United States Service Procurement Development Status and Outlook5.1 United States Service Procurement Market Size (2013-2018)5.2 United States Service Procurement Market Size and Market Share by Players (2017 and 2018)n\nnChapter Six: EU Service Procurement Development Status and Outlook6.1 EU Service Procurement Market Size (2013-2018)6.2 EU Service Procurement Market Size and Market Share by Players (2017 and 2018)n\nnChapter Seven: Japan Service Procurement Development Status and Outlook7.1 Japan Service Procurement Market Size (2013-2018)7.2 Japan Service Procurement Market Size and Market Share by Players (2017 and 2018)n\nnChapter Eight: China Service Procurement Development Status and Outlook8.1 China Service Procurement Market Size (2013-2018)8.2 China Service Procurement Market Size and Market Share by Players (2017 and 2018)n\nnChapter Nine: India Service Procurement Development Status and Outlook9.1 India Service Procurement Market Size (2013-2018)9.2 India Service Procurement Market Size and Market Share by Players (2017 and 2018)n\nnChapter Ten: Southeast Asia Service Procurement Development Status and Outlook10.1 Southeast Asia Service Procurement Market Size (2013-2018)10.2 Southeast Asia Service Procurement Market Size and Market Share by Players (2017 and 2018)n\nnChapter Eleven: Market Forecast by Regions, Type and Application (2018-2025)11.1 Global Service Procurement Market Size (Value) by Regions (2018-2025)11.1.1 United States Service Procurement Revenue and Growth Rate (2018-2025)11.1.2 EU Service Procurement Revenue and Growth Rate (2018-2025)11.1.3 Japan Service Procurement Revenue and Growth Rate (2018-2025)11.1.4 China Service Procurement Revenue and Growth Rate (2018-2025)11.1.5 India Service Procurement Revenue and Growth Rate (2018-2025)11.1.6 Southeast Asia Service Procurement Revenue and Growth Rate (2018-2025)11.2 Global Service Procurement Market Size (Value) by Type (2018-2025)11.3 Global Service Procurement Market Size by Application (2018-2025)n\nnChapter Twelve: Service Procurement Market Dynamics12.1 Service Procurement Market Opportunities12.2 Service Procurement Challenge and Risk12.2.1 Competition from Opponents12.2.2 Downside Risks of Economy12.3 Service Procurement Market Constraints and Threat12.3.1 Threat from Substitute12.3.2 Government Policy12.3.3 Technology Risks12.4 Service Procurement Market Driving Force12.4.1 Growing Demand from Emerging Markets12.4.2 Potential Applicationn\nnChapter Thirteen: Market Effect Factors Analysis13.1 Technology Progress/Risk13.1.1 Substitutes13.1.2 Technology Progress in Related Industry13.2 Consumer Needs Trend/Customer Preference13.3 External Environmental Change13.3.1 Economic Fluctuations13.3.2 Other Risk Factorsn\nnChapter Fourteen: Research Finding/Conclusionn\nnChapter Fifteen: AppendixMethodologyAnalyst IntroductionData SourceDirect purchase the report @ https://www.orbisresearch.com/contact/purchase-single-user/2125187About Us:Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements.
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Communication for Self-Service Procurement market is increasing in the procurement domain, after a hefty start.
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Procurement Service MarketThe global procurement service market is valued at USD 4.93 billion in 2018 and is rising at a CAGR of 8.9% with a forecast of USD 9 billion by 2025.All enterprises utilize procurement services and have traditionally managed them in-house.
The changing economic landscape with its emphasis on e-procurement, supply chain management, and efficient p2p systems has made it more cost-effective to outsource these services to businesses dedicated to providing procurement solutions.As this industry grows, it becomes more cost-effective for all businesses to avail procurement services and that is a big factor in this market’s growth.An excellent supporting infrastructure is provided by various IT companies who have expanded their profile to offer procurement services with the largest enterprises setting up their own procurement service units.MARKET USPAn increasing number of enterprises outsourcing all their procurement services related requirements to third-party vendors leading to rapid market growth.SEGMENTATIONBy ComponentStrategic Sourcing: The largest market by segment.
Strategic sourcing overlooks the collation of information pertinent to an organization to maximize its profitability.
It is utilized by all the industries across sectors.Spend Management: This is the fastest-growing segment.
Category management benefits businesses of all sizes and with its sphere of application encompassing virtually all industries, this segment is slated to grow.Process Management: With an overarching aim to align and attune an organization’s entire machinery to the goals of the organization, process management is an excellent way for an enterprise to shape up and eliminate all wasteful procedures and ventures.
Essential for enterprises which offer many services and products.Transaction Management: IT, travel, hospitality, and banking place emphasis on transaction management.By Organization SizeLarge Enterprises: A very large segment, large enterprises often become cumbersome and utilizing procurement services, they can streamline themselves to better their profitability.SMEs: Often critical to their survival, procurement services are an excellent way for SMEs to build up profitability and streamline their strategic capabilities.Regional analysisNorth America: The largest regional market for procurement as a service, North America has a well-entrenched services industry, a high degree of digitalization, and a highly competitive business environment, all factors which serve to drive the procurement as a service market.US: Most of the leading companies providing procurement as a service are headquartered in the US.
