May 10, 2013 (M2 PRESSWIRE via COMTEX) -- Research and Markets (http://www.researchandmarkets.com/research/kkm2gx/global) has announced the addition of the "Global Procurement Outsourcing Market 2012-2016" report to their offering. 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. TechNavio recognizes the following companies as the key players in the Global Procurement Outsourcing Market: IBM Corp., Accenture plc, Xerox Corp., and Xchanging plc. Commenting on the report, an analyst from TechNavio's 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.'' According to the report, with the upcoming destinations of outsourcing for business processes, and 24/7 availability of high-quality services, clients are increasingly seeking outsourcing to reach out to local talent and maintain the economic cost structure of their organizations. For more information visit http://www.researchandmarkets.com/research/kkm2gx/global About Research and Markets 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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