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.
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.Service Procurement Market 2020-2027 Global Industry
research report explores analysis of historical data along with size, share,
growth, demand and revenue of the global Service Procurement and estimates the
future trend of market on the basis of this detailed study. The study shares
market performance both in terms of volume and revenue and this factor which is
useful & helpful to the business.
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.
- Acara Solutions, Inc.
- Beeline
- Coupa Software
- Field Nation, LLC
- Pro Unlimited Inc.
- SAP SE
- Smart ERP Solutions Inc.
- Upwork
- VectorVMS
- WorkMarket, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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