Massive Growth in Service Procurement Market with Top Prominent Players like SAP Fieldglass, Beeline, DCR Workforce, PeopleFluent, Provade, PIXID, and Upwork

Report Consultant’s analysts forecast the global service procurement market is expected to grow at a CAGR of +12%.

Several factors such as the increasing number of freelancers in the job market, growing impetus on workforce analytics, and effective management of spending on contractual workers, are driving the growth of the service procurement market. Moreover, an increasing adoption rate of services procurement solutions by several industry verticals, such as telecom, manufacturing, BFSI, and information technology, is expected to boost the service procurement market growth.

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Services procurement solutions help organizations make decisions using a comprehensive analysis and reporting of information generated throughout the life cycle of the external workforce. The growing requirement for automation, need for data-driven businesses, and the increasing use of social media and smartphones for enhanced collaboration and spend management are expected to drive the demand for services procurement solutions.

Top Key Players:

  • SAP Fieldglass (US),
  • Beeline (US),
  • DCR Workforce (US),
  • PRO Unlimited (US),
  • PeopleFluent (US),
  • Provade (US),
  • PIXID (France),
  • Upwork (US),
  • Field Nation (US),
  • WorkMarket (US),
  • Superior Group (US),
  • Enlighta (US),
  • TargetRecruit (US).

North America has the first-mover advantage in the adoption of new technologies, such as analytics, big data, and cloud platforms. Companies are willingly investing in North America. The factors driving the growth of the service procurement market in North America are stable economy, technology enhancements, and infrastructure costs. APAC consists of growing economies and has a favorable market for vendors of services procurement solutions. India, China, Australia, and Japan are major contributors to the growth of service procurement market in APAC.

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Service Procurement Market Segmentation:

Market segment by Type: Contingent Workforce Management, Freelancer Management, Statement of Work Procurement, Services Governance and MSA Management, Analytics and Reporting, and Resource Sourcing and Tracking

Market segment by Application: Banking, Financial Services, and Insurance, Telecom and IT, Manufacturing, Retail and Consumer goods, Government, Healthcare and Life Sciences, Transportation and Logistics, Energy and Utilities, and Others

Global intelligence report highlights the following measures:

  • Detailed analysis of the dynamic variable of the global market
  • It offers an outline of the feasibility of projects
  • Business profiles of prominent key players
  • Global Service Procurement market forecast in the upcoming years
  • Deployment methods operating in the global market
  • Estimation of market values
  • Growth prospects among developed countries
  • Global market growth opportunities and recommendations for new investors
  • Global market analysis with value, volume and market penetration

Finally, researchers direct its focus towards the overall demand of global Service Procurement market in the forecast period. The research report offers an in-depth investigation of the global market by considering various business aspects. The essential information has been inspected for evaluation of market performance.

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