Procurement Intelligence Study Report

Civil Construction Services Procurement Intelligence The civil construction services category is expected to grow at a CAGR of 5.9% from 2023 to 2030. The Asia Pacific region accounts for the largest category share as there is increasing domestic demand, stable labor markets, a rapid rise in disposable income, and ongoing policy assistance. Low inflation is also encouraging a steady flow of real income in many nations. Huge investments in infrastructure by the public and commercial sectors are another important driving factor. A number of companies in this category are utilizing construction technology to build homes off-site using 3D, virtual modeling, and robotics, which alleviates a number of labor shortages and reduces carbon emissions. Developers and contractors are using cutting-edge technologies to evaluate strategic inventory strategies for materials and inputs in order to handle supply difficulties and escalating material costs. Recently, the use of drones in this industry h...

Benefit Administration Tool Procurement Intelligence The benefit administration tool category is anticipated to grow at a CAGR of 8% from 2023 to 2030. North America region dominates this category. Rising manpower in the organization has changed the way organizations handle the benefits of their employees. A hybrid work environment has improved mental and emotional workforce health. However, the major concern among the employees that have emerged following COVID-19 is an integrated employee leave strategy. This has further led to the adoption of technology to enhance efficiency and adapt to the requirements of a remote and hybrid workforce. According to Guardian 2023 report, the pandemic resulted in the investment of around USD 12 billion into software and platforms related to HR technology in 2021. Artificial intelligence has the potential to optimize benefits administration, lower expenses, boost accuracy, and improve adherence. By automating tasks, offering customized suggestions,...

Beverage Cans Procurement Intelligence The beverage cans category is expected to grow at a CAGR of 5.3% from 2023 to 2030. Due to the rising consumption of beverages such as carbonated soft drinks, beer, and cider, the industry is anticipated to grow. Additionally, the growing restriction on plastic items brought by various government agencies across the globe owing to the associated environmental concerns is probably going to increase the demand for alternate packaging options, which will in turn be beneficial for this category’s expansion. The high malleability of aluminum and steel, the simplicity of labelling and printing on the metal surface, and design advances that appeal to young people are only a few of the physical attributes of metal that make it preferable over its substitutes.   Technologies such as can shaping and inkjet printing are used while manufacturing this product. Crown Holdings transforms beverage cans by using can-shaping technology to make inventive...

Employee Assistance Program Procurement Intelligence The employee assistance program (EAP) category is expected to grow at a CAGR of 5.6% from 2023 to 2030. The growing demand for recognition of the importance of employee well-being and mental health and the need for employers to attract and retain top talent as if they do not have access to support employees who are dealing with personal or professional challenges are more likely to quit their positions. The importance is also increasing in industries where job stress and burnout are common such as healthcare and social services. The rise of remote work and the need for virtual support services is also driving growth in this category. An organization chooses EAPs to boost employee productivity. An employee can handle all of their challenges such as difficulties at work, monetary assistance, or disputes inside the workplace with the aid of these programs. The Centres for Disease Control and Prevention estimates that productivity loss...

Disposable Gloves Procurement Intelligence The disposable gloves category is expected to grow at a CAGR of 3.9% from 2023 to 2030. The North American region accounts for the largest category share, while the Asia-Pacific region is anticipated to be the fastest-growing region in the forecast period. Factors such as increasing public-private partnerships in the healthcare sector, enhancing healthcare infrastructure, and expansion of the healthcare industry are driving the growth. Increasing healthcare expenditure, rising awareness of health-related infections in the aging elderly population, and ongoing laboratory experiments and research initiatives are some factors expected to bolster market trends. Order your copy of the Disposable Gloves category procurement intelligence report 2023-2030 , published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis Na...

Accounting Services Procurement Intelligence The accounting services category is anticipated to grow at a CAGR of 11.45% from 2023 to 2030. North American region accounts for the largest category share followed by Europe and APAC. Factors such as changes in standards of financial reporting, outsourcing of back-end operations to low-cost economies, and rise in research & development investments are driving the category growth. One of the most significant trends is the AI and cloud-based solutions of accounting services. Order your copy of the Accounting Services category procurement intelligence report 2023-2030 , published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis Hyper connectivity, supercomputing, cloud computing, and cyber security are particular technology trends driving the finance function and finance & accounting transformation. I...

Chemical Management Services Procurement Intelligence The chemical management services category is expected to grow at a CAGR of 5.4% from 2023 to 2030, mainly driven by the rising demand as well as the CaaS model's convenience. Additionally, this method aids in lowering the consumption of hazardous chemicals by utilizing them more effectively. The increasing pressure on businesses to follow safety and environmental laws as well as the desire to save costs and boost productivity is further enhancing the growth. It entails contracting with outside organizations to purchase, store, and dispose of chemicals, which enables businesses to better manage their inventory. The increasing number of environmental regulations that help companies manage their waste streams more skilfully benefits the providers. The key technologies used are barcoding and labelling systems and software for managing chemical inventories. Using inventory management software, PPG Industries keeps track of its chem...

Activated Carbon Procurement Intelligence The activated carbon category is anticipated to grow at a CAGR of 2.6% from 2023 to 2030. In 2022, the category size was estimated to be valued at USD 3.62 billion with the Asia Pacific region accounting for 51% of the overall share due to its profitable coconut shell industry. The key raw materials used in granular activated carbon production are coal and coconut shell charcoal. In terms of end-use applications, the category can be classified into - purification and treatment of air and water, power plant and landfill gas emissions, food and beverages processing, health care, automotive, and precious metal recovery. The increasing industrial and domestic applications further fuel the category expansion. Order your copy of the Activated Carbon category procurement intelligence report 2023-2030 , published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers...