Latest Innovations in Procure-To-Pay Outsourcing Service Market | Accenture, Capgemini, IBM, Infosys, Tata Consultancy Services, Genpact
Procurement
is a relatively new area of outsourcing. Procurement organizations face
constraints in delivery due to the lack of resources. Procure - to - pay outsourcing is defined as the procedure of managing and obtaining the raw
materials required for providing a service and manufacturing of a product. This
type of process includes the complete journey from preparation the resources
required and engaging the order to making the process of payment. Across the
various part of the globe, various enterprises are gradually adopting Procure -
to - pay outsourcing solutions to diminish their operational expenditures.
The
global procure-to-pay outsourcing service market to grow at a CAGR of +15.77%
during the period 2018-2026.
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Top Key Players of the Market:
Accenture,
Capgemini, IBM, GEP, Infosys, TCS, Aegis, Corbus, Genpact, HCL Technologies, HP,
Optimum Procurement, Proxima, Synise Technologies, WNS, and Xchanging
Geographically,
global Procure-To-Pay Outsourcing Service Market has been segmented into North
America, Europe, Asia Pacific, Middle- East and Africa (MEA) and Latin America.
In 2016, North America held the largest Market share in the Procure - to - Pay
Outsourcing market across various regions.
Key Questions Answered in this
Research Report:
·
What will the
market size be in 2026 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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As
per the study, the worldwide market for Procure-To-Pay Outsourcing Service
Market is expected to witness a phenomenal rise over the forthcoming years. How
the increasing need and the growing acceptance of the market products are
likely to fuel the demand across the world in the near future is mentioned in
this study. On the other hand, the concerns over the risk of the loss of
information and the high initial investment may hamper the growth of this
market considerably in the years to come, notes the research study.
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