TechNavio has released a new report, “Global Procurement Outsourcing Market 2012-2016.” The report predicts that the global procurement outsourcing market will grow at a CAGR of 23.14 percent over the period 2012-2016. A key factor in this growth is due to significant cost reductions. The market has also been experiencing changing pricing models – ranging from the pricing per FTE model to the T and M model (per unit of time). Key players in this market are IBM, Accenture, Xerox, and Xchanging. Other players are Procurian, Cap Gemini, Infosys, Genpact, HP, Wipro, Proxima Group, WNS, and TCS.
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