|By Business Wire||
|February 28, 2014 02:22 PM EST||
Research and Markets (http://www.researchandmarkets.com/research/rq8cr9/global) has announced the addition of the "Global Procurement Outsourcing Market 2012-2016" report to their offering.
The analysts forecast the Global Procurement Outsourcing market to grow at a CAGR of 23.14 percent over the period 2012-2016. One of the key factors contributing to this market growth is the significant cost reduction. The Global Procurement Outsourcing market has also been witnessing the changing pricing models. However, the lack of domain understanding could pose a challenge to the growth of this market.
The key vendors dominating this market space are Accenture plc, IBM Corp., Xchanging plc, and Xerox Corp.
The other vendors mentioned in the report are Procurian Inc., Cap Gemini S.A, Infosys Ltd., Genpact Ltd., HP Co., Wipro Ltd., Proxima Group, WNS Ltd., and TCS Ltd.
Commenting on the report, an analyst from the IT Services team said: 'BPO vendors worldwide have employed various pricing models to meet the requirements and changing expectations of clients. Initially, a simple model that was built on simple human resources replacement was practiced. This led to the widespread use of the pricing per FTE model, i.e., the cost to the company per employee. Another pricing model, the T and M model, which involves service providers charging for human resources employed per unit of time, was considered while signing contracts.'
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Procurian Inc., Cap Gemini S.A., Infosys Ltd., Genpact Ltd., HP Co., Wipro Ltd., Proxima Group, TCS Ltd. and WNS Ltd.
For more information visit http://www.researchandmarkets.com/research/rq8cr9/global
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Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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