LONDON--(BUSINESS WIRE)--SpendEdge, a global procurement market intelligence firm, has announced the release of their Global Contract Compliance Services Market - Procurement Intelligence Report.
Leveraging contract compliance services is known to some of the prevalent and emerging issues such as piracy, frauds, and defiance to contract objectives. With the software piracy issue emerging as one of the imposing concerns in the business world, most of the enterprises are compelled to conduct audits to ensure that the software used by their vendors is not pirated. This is creating substantial demand for the software license compliance segment which is currently accounting for about 15% of the overall category market. The supply chain of large organizations is typically characterized by multiple vendors. It is a cumbersome task to execute the contract management tasks while being associated with multiple vendors and it increases the risks of non-compliance to contracts. To mitigate this issue, buyers are investing in the contract compliance services market and is contributing to the overall spend growth in the market. Get access to the Free Sample Copy of this contract compliance services market procurement intelligence report here!
MNCs in the US are vulnerable to massive contract management issues which will be triggered by the reforms implemented in the trade agreements made by the US with different countries. This will create a substantial requirement for contract compliance services in the region. In APAC, large-scale sectors such as pharmaceuticals, healthcare, and manufacturing industries are speculating the imposition of global regulatory standards on them. This is expected to propel the demand growth in the contract compliance services market.
This contract compliance services market procurement intelligence report answers some of the key questions related to procurement challenges and the best category pricing strategies befitting the specifics of this market. Predictive analysis of the key cost drivers, supply market forecasts, and key category management insights will help buyers reduce spend. To know how this sourcing and procurement report can address your business needs, Request for a Free Personalized Version.
“It is recommended that buyers engage with choose service providers that constantly update their compliance risk assessment as the regulatory environments in countries constantly change,” says SpendEdge procurement expert Sumit Yadav.
This contract compliance services market procurement intelligence report has identified the following factors to influence the category growth:
- Rise in the number of global contracts will drive the category growth
- Technology adoption to drive category price
- Access the complete procurement intelligence report on the contract compliance services market here to explore its complete scope of coverage.
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SpendEdge’s procurement market intelligence reports for the professional services category offer information on critical cost drivers and category pricing strategies to help the buyers achieve significant cost-savings. The supply market forecasts offer information on supplier performance benchmarking criteria to help buyers reduce spend and establish better SLAs. Additionally, SpendEdge’s reports offer category management insights and procurement best practices for the category.
Report scope snapshot: Contract compliance services
Category ecosystem
- Market favorability index for suppliers
- Competitiveness index for suppliers
- Threat of new entrants
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Category management enablers
- Procurement organization
- Category enablers
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Category definition
- Category hierarchy
- Category scope
- Category map
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