The global service procurement market is forecast to reach USD 1,494.9 Million by 2026, according to a new report by Reports and Data. Significant growth in the service procurement market is forecasted to be observed during the forecast period. The growth and expansion of the service procurement market is the result of the combination of several factors. Continuous emphasis on increasing productivity among end-user industries, increased demand for human resources, the rise in the number of freelancers, and elevated focus on workforce analytics are some of the factors contributing to the growth of the market. 

In regards to region, Europe occupies the second-largest market share in the service procurement market. The market dominance of the region is the result of the expansion in end-user industries like IT Telecommunication increased demand for contractual workers, which has increased the relevance of service procurement in this region are also contributing to its market share.

This is the only report that is inclusive of the current effect of the coronavirus on the market and its future trends. The coronavirus has widely impacted the world economy, and its aftereffects are elucidated in detail in the report for the Service Procurement market.

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Scope of the Report:

Further, the examination of the Service Procurement industry provides an in-depth representation of key market growth drivers, future opportunities, challenges, and their impact.

Key players in the Service Procurement market space:

PRO Unlimited, Beeline, DCR Workforce, Upwork, Peoplefluent, Provade, Workmarket, Field Nation, Superior Group, and Pixid.

For the purpose of this report, Reports and Data has segmented the Service Procurement market on the basis of type, application and region:

Type Outlook (Revenue, USD Million; 2020-2026)

• Direct Procurement
• Indirect Procurement

Component Type Outlook (Revenue, USD Million; 2020-2026)

• Solutions
• Resource tracking and sourcing
• Freelancer management
• Contingent workforce management
• Service governance
• Reporting and analytics
• Services
• Maintenance and Support
• Integration and Deployment
• Consulting

Organization size Type Outlook (Revenue, USD Million; 2020-2026)

• Large Enterprises
• Small and Medium-Sized Enterprises

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 Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)

• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia)

Major highlights of the global Service Procurement market report:

• Get intricate knowledge of the Service Procurement market.
• The factors are segmented into drivers and restraints. Also, there has been made segmentation and sun-segmentation of the market’s aspects, like product types, services, regions, and competitive landscape.
• It provides a comprehensive analysis to help new entrants strategize and optimize their strengths and neutralize their weaknesses.
• Accelerates decision making in view of noteworthy and assessing information also the drivers and limitations available of the market

Key Questions Answered in This Report Are:

• Which Service Procurement market segments will grow significantly in the forecast years?
• Which sectors will witness an increase in market penetration?
• What is the estimated growth rate for the market?
• Which factors will influence the growth of the industry?
• What is the market position of the key players?

TOC of the global Service Procurement market report:

Chapter 1, describes the Service Procurement Introduction, market overview, product offerings, growth opportunities, market risks, driving forces, and challenges.

Chapter 2, analyzes the key manufacturers of Service Procurement, along with the sales, revenue, and price of Service Procurement, in the forecast period.

Chapter 3, studies the competitive situation among the major manufacturers and vendors, with sales, revenue, and market share.

Chapter 4, analyzes the global market by regions, with sales, revenue, and market share of Service Procurement, for each region, from 2020 to 2027.

Chapters 5, 6, 7, 8 and 9, analyze the Service Procurement market by type, application, regions, and manufacturers, with sales, revenue, and market share by key countries in these regions…Continued

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Customization on the report is available according to the requirements of the user to ensure maximum utility to the reader and an increased level of comprehensibility.