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Global Procure-To-Pay Outsourcing Market to grow at a CAGR of 15.77% during 2016-2020

Press Release   •   Jan 20, 2017 03:57 EST

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.

Technavios 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

Technavio's 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.

Download Sample Copy of Report at http://www.marketresearchreports.biz/sample/sample/768087

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 driver

Cut costs in procurement process

For a full, detailed list, view our report

Market challenge

System integration challenges

For a full, detailed list, view our report

Market trend

Emergence of mobile P2P technology

For a full, detailed list, view our report

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?