DUBLIN--(BUSINESS WIRE)--The "Service Procurement Market by Solution (Contingent Workforce Management, Freelancer Management, Services Governance, MSA Management), Service, Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
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 CAGR of 11.8%.
This market is driven by growing impetus on workforce analytics, and opportunities created with technological advancements for temporary workers to grow in the services sector. On the other hand, a temporary worker's access to corporate facilities and systems and lack of online order management are major restraints for the service procurement market growth.
Contingent workforce management includes competencies, such as rate cards, analytics, reporting and cost benchmarking. Contingent workforce management has many benefits, such as cost savings, low administrative costs, and no mandate to pay payroll taxes and health insurance subscriptions.
The on-premises deployment refers to the installation of application on an organization's premises, rather than at a remote facility. On-premises solutions are delivered on a one-time license fee, along with a service agreement. As this deployment requires huge infrastructure and its own data center, organizations that can afford this cost usually deploy on-premises solutions. Therefore, Small and Medium-sized Enterprises (SMEs) often face the dilemma of choosing between hosted and on-premises solutions.
With advantages such as control over the system and data, and dedicated staff for maintenance and support, it also comes with some drawbacks, such as high deployment cost and good infrastructure requirements, which are not always possible for every organization to invest in. However, the growth of on-premises deployment type is being affected by the rapid development of cloud computing solutions.
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.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Service Procurement Market, By Component
7 Service Procurement Market, By Deployment Type
8 Market By Organization Size
9 Service Procurement Market, By Industry Vertical
10 Service Procurement Market, By Region
11 Competitive Landscape
12 Company Profiles
- DCR Workforce
- Field Nation
- PRO Unlimited
- SAP Fieldglass
- Superior Group
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