HTF MI recently introduced Global Service Procurement Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Some key players from the complete study SAP Ariba, Coupa Software, Jaggaer, Ivalua, GEP, Zycus, Proactis, Oracle Procurement Cloud, SynerTrade, Tradeshift, Basware.
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According to HTF Market Intelligence, the Global Service Procurement market is expected to grow from 9 billion USD in 2023 to 15 billion USD by 2032, with a CAGR of 10% from 2024 to 2032. The Third-Party Logistics (3PL) market is segmented by Types (E-sourcing, Contract Management, Supplier Management), Application (Corporate Procurement, Supply Chain Management, Outsourcing) and by Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA).
Definition:
The Service Procurement Market involves the processes and technologies used by organizations to source and manage services from suppliers. This market is expanding as companies strive for greater efficiency and cost-effectiveness in their procurement practices. The adoption of digital solutions for e-sourcing, contract management, and supplier relationship management is transforming the landscape, enabling businesses to optimize their procurement strategies. With rising competitive pressures, organizations are increasingly leveraging technology to streamline their procurement processes and enhance visibility into spending.
Dominating Region:
North America, Europe
Fastest-Growing Region:
Asia-Pacific
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Service Procurement market segments by Types: E-sourcing, Contract Management, Supplier Management
Detailed analysis of Service Procurement market segments by Applications: Corporate Procurement, Supply Chain Management, Outsourcing
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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Service Procurement Market Research Objectives:
– Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
– To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
– To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
– To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
– To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Points Covered in Table of Content of Global Service Procurement Market:
Chapter 01 – Service Procurement Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Global Service Procurement Market – Pricing Analysis
Chapter 05 – Global Service Procurement Market Background or History
Chapter 06 – Global Service Procurement Market Segmentation (e.g. Type, Application)
Chapter 07 – Key and Emerging Countries Analysis Global Service Procurement Market
Chapter 08 – Global Service Procurement Market Structure & worth Analysis
Chapter 09 – Global Service Procurement Market Competitive Analysis & Challenges
Chapter 10 – Assumptions and Acronyms
Chapter 11 – Service Procurement Market Research Methodology
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, Japan, Australia or Southeast Asia.
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