MARKET INTRODUCTION
Service procurement is a strategic outsourcing process of procuring operational services from external sources. Service procurement solutions facilitate organizations in improving their human resource recruitment process, resulting in a positive impact on work quality and productivity. Further, it is also useful for organizations in automatizing several governance activities essential for the management of the external workforce. Thereby, automatizing of governance activities aids an organization in enhancing their productivity along with helping in the workforce expansion.
MARKET DYNAMICS
Some of the factors propelling the growth of the service procurement market include effective management of expenditure on contractual workers, rising demand for freelancers, and increasing focus on workforce analytics. However, complexity in the selection of services process as well as access to corporate systems to temporary workers may hinder the service procurement market to a certain extent. Also, the growing number of temporary workers, particularly in the services sector, offers lucrative growth opportunity to the service procurement market.
MARKET SCOPE
The "Global Service Procurement Market Analysis to 2031" is a specialized and in-depth study of the technology, media, and telecommunication industry with a special focus on the global market trend analysis. The service procurement market report aims to provide an overview of service procurement market with detailed market segmentation by product type, industry, and geography. The global service procurement market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading service procurement market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global service procurement market is segmented on the basis of component, industry, organization size, and deployment type. Based on the component, the market is classified into solution, and services. Further, the industry segment of service procurement market is categorized into BFSI, government, IT and telecom, manufacturing, retail, transportation and others. Based on the organization size, the market is classified into SMEs and large enterprises. Based on the deployment type, the market is classified into On-premise and cloud.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global service procurement market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). The service procurement market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the service procurement market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and SAM after evaluating political, economic, social and technological factors affecting the service procurement market in these regions.
By Component
By Industry
By Organization Size
By Deployment Type
MARKET PLAYERS
The reports cover key developments in the service procurement market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from service procurement market are anticipated to lucrative growth opportunities in the future with the rising demand for service procurement in the global market. Below mentioned is the list of few companies engaged in the service procurement market.
The report also includes the profiles of key service procurement companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Service procurement is a strategic outsourcing process of procuring operational services from external sources. Service procurement solutions facilitate organizations in improving their human resource recruitment process, resulting in a positive impact on work quality and productivity. Further, it is also useful for organizations in automatizing several governance activities essential for the management of the external workforce. Thereby, automatizing of governance activities aids an organization in enhancing their productivity along with helping in the workforce expansion.
MARKET DYNAMICS
Some of the factors propelling the growth of the service procurement market include effective management of expenditure on contractual workers, rising demand for freelancers, and increasing focus on workforce analytics. However, complexity in the selection of services process as well as access to corporate systems to temporary workers may hinder the service procurement market to a certain extent. Also, the growing number of temporary workers, particularly in the services sector, offers lucrative growth opportunity to the service procurement market.
MARKET SCOPE
The "Global Service Procurement Market Analysis to 2031" is a specialized and in-depth study of the technology, media, and telecommunication industry with a special focus on the global market trend analysis. The service procurement market report aims to provide an overview of service procurement market with detailed market segmentation by product type, industry, and geography. The global service procurement market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading service procurement market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global service procurement market is segmented on the basis of component, industry, organization size, and deployment type. Based on the component, the market is classified into solution, and services. Further, the industry segment of service procurement market is categorized into BFSI, government, IT and telecom, manufacturing, retail, transportation and others. Based on the organization size, the market is classified into SMEs and large enterprises. Based on the deployment type, the market is classified into On-premise and cloud.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global service procurement market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). The service procurement market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the service procurement market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and SAM after evaluating political, economic, social and technological factors affecting the service procurement market in these regions.
Service Procurement Market Report Analysis
Service Procurement Market
-
CAGR (2023 - 2031)XX% -
Market Size 2023
US$ XX Million -
Market Size 2031
US$ XX Million
Report Coverage
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industry landscape and competition analysis & recent developments
- Detailed company profiles
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Key Players
- Beeline
- Coupa Software
- Enlighta
- PeopleFluent
- Pro Unlimited Inc.
- TargetRecruit
- Smart ERP Solutions Inc.
- Upwork
- VectorVMS
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
By Component
- Solution
- Services
By Industry
- BFSI
- Government
- IT and Telecom
- Manufacturing
- Retail
- Transportation
By Organization Size
- SMEs
- Large Enterprises
By Deployment Type
- On-Premise
- Cloud
The reports cover key developments in the service procurement market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from service procurement market are anticipated to lucrative growth opportunities in the future with the rising demand for service procurement in the global market. Below mentioned is the list of few companies engaged in the service procurement market.
The report also includes the profiles of key service procurement companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Beeline
- Coupa Software
- Enlighta
- PeopleFluent
- Pro Unlimited Inc.
- TargetRecruit
- Smart ERP Solutions Inc.
- Upwork
- VectorVMS
- WorkMarket, Inc
Service Procurement Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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The List of Companies
1. Beeline
2. Coupa Software
3. Enlighta
4. PeopleFluent
5. Pro Unlimited Inc.
6. TargetRecruit
7. Smart ERP Solutions Inc.
8. Upwork
9. VectorVMS
10. WorkMarket, Inc.
1. Beeline
2. Coupa Software
3. Enlighta
4. PeopleFluent
5. Pro Unlimited Inc.
6. TargetRecruit
7. Smart ERP Solutions Inc.
8. Upwork
9. VectorVMS
10. WorkMarket, Inc.
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