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Global Procure-To-Pay Outsourcing Market 2016-2020 - Product Image

Global Procure-To-Pay Outsourcing Market 2016-2020

  • ID: 3795192
  • Report
  • Region: Global
  • 65 pages
  • TechNavio
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FEATURED COMPANIES

  • Accenture
  • Capgemini
  • Genpact
  • HCL Technologies
  • IBM
  • Optimum Procurement
  • MORE
About P2P Outsourcing

Procurement is a relatively new area of outsourcing. Procurement organizations face constraints in delivery due to the lack of resources. Companies often have to deal with declining budgets because of volatile economic conditions. CPOs are often forced to accomplish more with fewer resources. Budgetary restrictions are thus encouraging CPOs to seek low-cost delivery solutions such as outsourcing.

P2P outsourcing helps companies bring on board outsourcing specialists and expert teams to handle internal purchasing, thus achieving greater value in terms of cost savings and go-to-market strategies. Sometimes, service providers do not necessarily focus on defining low-cost solutions; instead, they offer value-added services such as gaining supplier insights, market speculation details, and vendor selection.

The analysts forecast the global procure-to-pay (P2P) outsourcing market to grow at a CAGR of 15.77% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global procure-to-pay outsourcing market for 2016-2020. To calculate the market size, we consider revenue generated from P2P outsourcing vendors in the market and total contract value (TCV) of P2P outsourcing deals.

The market is divided into the following segments based on geography:

- Americas
- EMEA
- APAC

The report, Global Procure-To-Pay (P2P) Outsourcing Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Accenture
- Capgemini
- IBM
- GEP
- Infosys
- TCS

Other prominent vendors
- Aegis
- Corbus
- Genpact
- HCL Technologies
- HP
- Optimum Procurement
- Proxima
- Synise Technologies
- WNS
- Xchanging

Market drivers
- Cut costs in procurement process

Market challenges
- System integration challenges

Market trends
- Emergence of mobile P2P technology

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Accenture
  • Capgemini
  • Genpact
  • HCL Technologies
  • IBM
  • Optimum Procurement
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market overview
  • Countries covered
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by end-user
  • Global P2P outsourcing market by end-user
  • Manufacturing
  • BFSI
  • Telecom
  • Energy and utilities
  • Healthcare procurement outsourcing
PART 07: Geographical segmentation
  • Global P2P outsourcing market by geography
  • Americas
  • EMEA
  • APAC
PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges
  • System integration challenges
  • Dynamic procurement service requirements
  • Lack of effective communications
  • Uncertain economic conditions
PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape
  • Competitive landscape
  • Other prominent vendors
PART 14: Key vendor analysis
  • Accenture
  • Capgemini
  • IBM
  • GEP
  • Infosys
  • TCS
PART 15: Appendix
  • List of abbreviations
PART 16: About the Author

List of Exhibits

Exhibit 01: Countries covered for market analysis
Exhibit 02: Product offerings
Exhibit 03: Economic outlook of global P2P outsourcing market
Exhibit 04: P2P life cycle
Exhibit 05: Global P2P outsourcing market 2015-2016 ($ billions)
Exhibit 06: Five forces analysis
Exhibit 07: Global P2P outsourcing market by end-user 2015
Exhibit 08: Global P2P outsourcing market by geography 2015
Exhibit 09: Strategic factors behind P2P outsourcing decision
Exhibit 10: Advantages of technology upgrading in procurement process
Exhibit 11: Automation in procurement process
Exhibit 12: Impact of drivers
Exhibit 13: Impact of drivers and challenges
Exhibit 14: P2P analytics value chain
Exhibit 15: Other prominent vendors
Exhibit 16: Accenture: P2P solutions
Exhibit 17: Accenture: BPO service offerings
Exhibit 18: Capgemini: F&A services
Exhibit 19: IBM: S2P solutions and services
Exhibit 20: IBM: BPaaS offerings
Exhibit 21: GEP: Outsourcing and consulting services
Exhibit 22: GEP: Procurement Software
Exhibit 23: Infosys: Business process services
Exhibit 24: Infosys: Outsourcing services
Exhibit 25: TCS: Business process services
Exhibit 26: TCS: SCM services
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FEATURED COMPANIES

  • Accenture
  • Capgemini
  • Genpact
  • HCL Technologies
  • IBM
  • Optimum Procurement
  • MORE
New Report Released: - Global Procure-To-Pay (P2P) Outsourcing Market 2016-2020

The author of the report recognizes the following companies as the key players in the global procure-to-pay (P2P) outsourcing market: Accenture, Capgemini, IBM, GEP, Infosys, and TCS.

Other Prominent Vendors in the market are: Aegis, Corbus, Genpact, HCL Technologies, HP, Optimum Procurement, Proxima, Synise Technologies¸ WNS, and Xchanging.

Commenting on the report, an analyst from the research team said: “Emergence of mobile P2P technology is a key trend for this market. Organizations are widely implementing mobile solutions to manage end-to-end procurement process. Firms implement the mobile-first strategy to manage the SCM process for the transactional process. Mobile solutions provide convenient payment solutions with added features such as purchasing management and order tracking facilities. Mobile applications built for the P2P process management system in organizations enhance decision-making process for procurement professionals in organizations.”

According to the report, cut costs in procurement process is a key driver for this market. Cost reduction is a vital factor to the adoption of P2P outsourcing solutions among organizations. Procurement managers face challenges in the effective management of P2P processes due to increased complexities and manual errors in the supply chain systems. IT and BPO outsourcing decisions are strategic in organizations, which consider many factors such as regulatory and compliance standards and quality improvement in the end-to-end procurement process. These factors are crucial to organizations to get high returns on investment (ROI) from investment outsourcing services. Companies incorporating the strategy to outsource business processes do not require capital investment in infrastructure.

Further, the report states that dynamic procurement service requirements are a challenge to market growth. Procurement outsourcing services require domain expertise for implementing complex P2P outsourcing solutions. Specialized skill sets are required for handling new projects and change management. It is essential to have process expertise, infrastructure, and systems to provide quality services to clients. Vendors should be equipped with technical competence, tools, and expert resources to implement procurement solutions accurately for their clients.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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- Accenture
- Capgemini
- IBM
- GEP
- Infosys
- TCS
- Aegis
- Corbus
- Genpact
- HCL Technologies
- HP
- Optimum Procurement
- Proxima
- Synise Technologies¸ WNS
- Xchanging
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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