S2P is an effective strategy that delegates one or more business activities to external companies (suppliers) that then administer and manage the selected activity based on defined and measurable performance criteria. It helps clients operate efficiently, reduces time to market, and helps focus on core competencies. S2P leads to the successful creation of an economical cost structure in the long term. The global S2P outsourcing market continued to grow during the 2008-2009 global financial crisis. The Americas accounted for the majority of the market growth. EMEA and APAC followed the Americas. The demand for procurement outsourcing services in the global market originates from large corporations, SMEs, and government organizations.
The global S2P outsourcing market is expected to grow at a CAGR of 14.1% during the forecast period.
Covered in this report
The global S2P outsourcing market can be segmented into two: global S2C outsourcing market and global P2P outsourcing market. This report covers information about the market share of the global S2P outsourcing market by category. The report also covers information about end-user segmentation of the global S2P outsourcing market.
The report, Global S2P Outsourcing Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the global S2P outsourcing market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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Other Prominent Vendors
- ATS Group
- Optimum Procurement
- Tech Mahindra
- Increased adoption of mobility in procurement processes
- Long implementation lead time
- Use of supplier analytics and Big Data
Key questions answered in this report
- What will the market size be in 2018 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?
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