What is the Procurement Outsourcing Services industry?
The industry exhibits a low level of market share concentration, with the four largest players estimated to generate less than 40% of industry revenue. Globalised IT consulting firms are the biggest players in the industry, leveraging their technology to make procurement process, such as creating purchase orders, more efficient. At one end of the spectrum are niche operators providing procurement services to specialised industries and clients. At the other are well-known consulting brands with a small footprint in the industry that functions as a value add to larger supply chain consulting services. Fragmentation is expected to remain a feature of the industry over the next five years, as client awareness of procurement outsourcing grows and more niche players enter the industry... purchase to read more