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The service procurement market size is expected to grow from USD 579.5 million in 2017 to USD 1,011.6 million by 2022, at a Compound Annual Growth Rate (CAGR) of 11.8%NEW YORK, Fev. 1, 2018 /PRNewswire/ -- Read the full report: https://www.reportlinker.com/p05304234 Asia Pacific is projected to grow at the highest CAGR and North America is expected to hold the largest market size during the forecast period. 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. In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of profiles of primary participants is given below as: • By company type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20% • By designation: C-level – 35%, Director level – 25%, and Others – 40% • By region: North America – 48%, Europe – 22%, APAC – 22%, Latin America – 4%, and MEA –4% The services procurement solutions ecosystem comprises major vendors, such as 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), and TargetRecruit (US). Research Coverage The report includes in-depth competitive analysis of these key players in the service procurement market, with company profiles, recent developments, and key market strategies. The research report segments the service procurement market by solution, service, deployment type, organization size, vertical, and region. Reasons to Buy the Report The report on the global service procurement market will help leaders/new entrants in the market in the following ways: 1. The report segments the service procurement market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split across various industries and regions. 2. The report helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities. 3. This report will help stakeholders in better understanding the competitors and gaining more insights to better position their businesses. There is a separate section on competitive landscape, including competitor ecosystem, and mergers and acquisitions. Besides, there are company profiles of 12 major vendors in this market. The section provides market internals that can put players ahead of the competitors. Read the full report: https://www.reportlinker.com/p05304234 About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker |