Unlocking Success with Web Hosting Services Procurement Intelligence [Business]
The web hosting services category is anticipated to grow at a CAGR of 19.4% from 2023 to 2030. The rising number of companies, escalating e-commerce trade, and demand for cloud-based solutions are growing at a rapid pace. This is leading to the increasing demand for global web hosting services category. Globally, there are around 330,000 hosting providers as of 2023. In October 2023, the global count of internet users reached 5.3 billion. The increasing number of individuals using internet is expected to drive the demand for hosting services.
Trends such as multi-cloud, green web, and virtual private server hosting are allowing businesses to manage massive data and help in building the foundation for the future. Multi-cloud hosting is a relatively new hosting approach that involves the distribution of various cloud assets like software and documents across two or more cloud environments. From a business model standpoint, this approach involves an organization utilizing multiple cloud computing platforms to perform diverse tasks and processes. It liberates a company from depending entirely on a single cloud provider by offering the flexibility to involve multiple service providers. In this configuration, an organization can opt to utilize the top-performing services from each cloud provider. As of 2023, 90% of the large enterprises have adopted multi-cloud infrastructure.
In 2023 the internet’s annual output of CO2 was equal to 31 million cars driving at the same time across the globe. Due to this, small and medium businesses are experiencing environmental pressure that is emerging along with the category growth. However, service providers are currently investing resources to support carbon offset programs. In environmentally conscious web hosting, these providers actively engage in eco-friendly projects aimed at minimizing their environmental footprint. This involves acquiring renewable energy certificates (REC) or carbon offset certificates (VER).
Order your copy of the Web Hosting Services 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
A security breach is one of the major concerns among users nowadays. According to IT Governance research, in November 2023, there were around 470 publicly disclosed security incidents. Ensuring user privacy is increasingly essential for web hosting providers in today's digital landscape. Security measures, including compliance checks for CMS vulnerabilities, standard SSL certification, and encrypted data storage, have become more widespread, highlighting the heightened importance of hosting security protocols.
The category is moderately fragmented in nature. Top companies such as Amazon Web Services, Google Cloud, and GoDaddy held 18%, 8%, and 8% of the market share, respectively in 2023. These companies are continuously involved in taking initiatives to support small businesses. For instance, GoDaddy lets users create free mobile-friendly websites and gives free access to its digital marketing tools and website builder.
Buyers such as small and large-scale businesses or individuals seeking hosting services often have a range of service providers to choose from, making them influential in negotiating prices and service terms. However, top suppliers such as Google Cloud, GoDaddy, and Amazon Web Services who possess better operational & functional capabilities have higher negotiation power. Additionally, suppliers try to provide additional services to their customers to differentiate themselves from rest and to stay competitive in the market.
Suppliers in the category are also engaging in mergers and acquisitions to increase services and consumer reach. For instance, in February 2023, HostPapa acquired the web hosting and logo design business of Deluxe Corporation. The Deluxe web hosting business serves as a trusted provider to small business and email hosting customers. The acquisition will help HostPapa in expanding its hosting and design business across the world.
Staff salary, hardware & software, network infrastructure costs, maintenance, technical support, and licensing are some of the key cost components incurred in providing the services. Other costs include office rent, utilities, and training costs. In 2023, the price of shared hosting was in the range of USD 2.51/month for entry options to USD 4.62 / month for mid-tier options. Similarly, the price of virtual private server hosting can be between USD 20 to USD 100/ month. Prices of dedicated hosting usually start around USD 100/month.
Under sourcing intelligence, buyers usually outsource their web hosting services that can help them to set up new sites, protect sites from security threats, and provide services which are in line with their business needs and goals. Outsourcing can benefit the company by gaining service expertise and round-the-clock support. Overall, service providers can give a dedicated team of professionals to oversee the user's website and solve problems for a smooth flow of business. While scouting for service providers, buyers look for the services provided, technical support, data storage capacity, data privacy and additional services. Buyers also compare prices of different service providers as part of their sourcing practices.
Browse through Grand View Research’s collection of procurement intelligence studies:
• IT Asset Disposition Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
• Graphite Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Web Hosting Services Procurement Intelligence Report Scope
• Web Hosting Services Category Growth Rate: CAGR of 19.4% from 2023 to 2030
• Pricing growth Outlook: 5 - 6% (annual)
• Pricing Models: Service-based pricing, tier-based pricing, competition-based pricing
• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence
• Supplier selection criteria: Service provided, technical support, data privacy, additional services, customization option, years in services, regulatory compliance, operational and functional capabilities, and others
• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Key companies
• Amazon Web Services
• GoDaddy
• Google Cloud
• Bluehost
• HostPapa
• Inmotion Hosting
• DreamHost
• IONOS
• Namecheap
• Justhost
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
Management Consulting Procurement Intelligence in the Digital Age [Business]
The management consulting category is expected to grow at a CAGR of 7.8% from 2023 to 2030. The increase in the adoption of consulting services to reduce operational costs and improve business efficiency is driving the category’s growth of the category. Additionally, the globalization of management consulting services, widespread access to high-speed internet, and the process automation of processes are further fueling the expansion of this category.
In the evolving digital landscape, consulting firms play a vital role in guiding organizations through transformative processes. They provide expertise in implementing digital technologies and data analytics, managing data, and facilitating change, ensuring enhanced efficiency and reduced costs. As a result, most consulting firms are integrating technology and data analytics more extensively into their services, aiding clients in staying ahead of market trends. Machine Learning (ML) models are typically integrated into APIs, which facilitates their easy integration into applications. By effectively and precisely cleaning raw data, mining fresh data, or synthesizing millions of records, consultants can provide customized services. Moreover, firms are embracing innovative methods to deliver their services, employing technologies like virtual and augmented reality for visualizing complex ideas, and utilizing cloud-based platforms for real-time collaboration with clients.
Companies in this category invest significantly in training employees to be tech-savvy, aiding clients in navigating technology transitions. Companies are also collaborating with tech companies to implement technologies such as ChatGPT into their process. For instance, in 2023 companies such as Boston Consulting Group, Accenture, and Bain & Company partnered with tech companies to make their processes technology-driven.
In a volatile economic environment, the demand for real-time consumer insights is crucial for making data-driven decisions. Due to shifts in consumer behaviors and expectations triggered by global events and emerging technologies, businesses must swiftly adapt their strategies. Consequently, management consultants need to concentrate on swiftly gathering and analyzing data from digital platforms like social media and eCommerce websites to gain a precise understanding of customer behavior.
Order your copy of the Management Consulting 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
Management Consulting Sourcing Intelligence Highlights
• In the consulting industry, skilled professionals are the primary suppliers. Their expertise is the core product offered by firms. The bargaining power of these professionals can be high, especially if they possess specialized or rare skills. Consulting firms must attract and retain top talent to maintain their competitive edge.
• The category is moderately consolidated as tier 1 and tier 2 companies account for almost 60% of the market share. Companies are continuously focusing on providing specialized services to offer more relevant and tailored services to their clients.
• Consultant salaries, office rent/utilities, consultant training, and recruitment, IT & technology costs, legal costs, and othersare some of the costs incurred in providing services.
• Starting a consulting business can be a fulfilling and lucrative venture, but it requires an investment of resources and time. Careful consideration of the various costs associated with opening the firm can help in making informed decisions about the budget.
List of Key Suppliers
• Boston Consulting Group
• Bain & Company
• McKinsey & Company
• KPMG
• PWC
• Alvarez & Marsal
• Oliver Wyman
• A.T. Kearney
• L.E.K. Consulting
• Accenture
Browse through Grand View Research’s collection of procurement intelligence studies:
• Enterprise Resource Planning (ERP) Software Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
• Loyalty Programs Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Management Consulting Procurement Intelligence Report Scope
• Management Consulting Category Growth Rate: CAGR of 7.8% from 2023 to 2030
• Pricing growth Growth Outlook: 5% - 15% (Annually)
• Pricing Models: Value-based pricing, service-based pricing, competition-based pricing
• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence
• Supplier Selection criteria: Services provided, end-to-end services, project timeline, global reach, regulatory compliance, operational capabilities, quality measures, certifications, data privacy regulations, and others
• Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
Chemical Management Services Procurement Intelligence: Unleashing Growth Potential [Business]
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 chemical stockpiles and controls chemical usage, storage, and disposal. They can also use it to optimize their inventory and comply with safety and environmental standards. By utilizing barcoding and labelling technologies, Haas TCM is able to monitor the usage and placement of chemicals across all of its sites. Additionally, it helps to lower the likelihood of chemical spills and other environmental accidents, enhances operational efficiency, and allows the organization to reduce the inventory of a specific SKU and many others by 60%.
This category is highly fragmented, with many small and large companies offering a wide range of services to clients around the world. The services require a high degree of expertise that have challenges and also create opportunities for smaller suppliers to offer niche services that focus on specific industries or region. On the other hand, large multinationals typically offer a broader range of services and have larger global footprints with more standardized services and pricing.
Order your copy of the Chemical Management Services 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
Businesses, constantly use a fixed-fee pricing structure that takes into account the type of service being offered, the length of the contract, and a fixed charge per location. The price can vary based on the complexity of the management program and the size of the organization, among other things. Additionally, businesses spend money on services like training, consultation, and auditing. For instance, a business that needs a sophisticated chemical management program may spend more than one that only needs simple handling and storage services. Every dollar spent on chemicals results in an additional cost of USD 1 to 3 for chemical management. Considering this, a company spending USD 1 million on chemicals must spend an additional USD 1 to 3 million managing them. The major cost components are labor, transportation costs, and chemical costs. The management requires a high level of expertise and experience which result in a high cost of labor. Transportation is a critical component that ensures chemicals are delivered safely and on time. Chemical costs include expenses incurred in purchasing, storing and disposing of chemicals.
The United States is a major region in this market with several companies offering a range of services to clients across industries such as aerospace, automotive and electronics. Germany is another major region due to its capability offering to clients across industries such as defence and aerospace. This country has strong focus on sustainability and environmental compliance, which has helped drive growth. Sourcing is the critical component which develops the comprehensive management plans, sourcing chemicals from reliable suppliers, monitoring the usage, training employees for safety and maintaining accurate inventory.
Browse through Grand View Research’s collection of procurement intelligence studies:
• Lab Supplies Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
• Liquefied Petroleum Gas (LPG) Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Chemical Management Services Procurement Intelligence Report Scope
• Chemical Management Services Category Growth Rate: CAGR 5.4% from 2023 to 2030
• Pricing growth Outlook: 9% - 10%
• Pricing Models: Fixed-fee pricing model
• Supplier Selection Scope: Cost and pricing, Past engagements, Productivity, Geographical presence
• Supplier selection criteria: Safety, compliance, reliability, experience, technical specifications, operational capabilities, regulatory standards and mandates, category innovations, and others.
• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Key companies
• Haas TCM
• PPG Industries
• KMG Chemicals
• Henkel
• ChemicoMays
• BP
• Quaker Chemical
• EWIE
• Intertek
• Chemcept
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
The Future Outlook of Big Data Procurement Intelligence [Business]
The big data category is expected to grow at a CAGR of 12.7% from 2023 to 2030. North America accounts for the largest share of the category. The increasing demand for advancement in technology and increasing data generation in the business are boosting growth. Companies are focusing on adopting technology for boosting revenue and consumer base. For instance, in March 2022, Microsoft launched Azure Health Data Services, a cloud-based platform that combines health data and supports transactional and analytical workloads. It also powers artificial intelligence applications and protects protected health information (PHI).
Apache Hadoop is an open-source software framework that allows for the distributed storage and processing of large datasets. Hadoop breaks down large datasets into smaller chunks that can be stored and processed on multiple computers in parallel. This allows Hadoop to efficiently store and process large datasets that would be too large for a single computer to handle.
Companies are continuously focusing on partnering or developing their own technology. For instance,
• In April 2022, Wipro and DataRobot partnered to help businesses adopt Artificial Intelligence (AI) at a larger scale. The partnership will provide businesses with augmented intelligence solutions that can be used to improve decision-making, optimize operations, and deliver better customer experiences. The partnership will also help businesses to get more value from their data more quickly.
• Oracle updated Oracle Analytics Cloud in January 2022 with a new design experience that makes it easier for users to identify, display, and act on critical insights. The new design features a fresh new look, more whitespace, and fonts that are optimized for dense data.
• In May 2021, Telefonica Tech collaborated with Microsoft on Azure Edge Zone. Telefonica united its 5G connectivity with Microsoft Edge computing competencies, allowing industry procedures to strengthen digital transformation.
• In December 2021, Microsoft added a soft delete feature to Azure Data Lake Storage. This feature allows users to recover accidentally deleted files and folders for a specified period of time. After the retention period has expired, the deleted items are permanently deleted.
• In December 2021, Microsoft announced that Snowflake would be supported as a data source in Azure Purview. This means that users can now use automated data discovery to build a detailed map of their data environment, including Snowflake databases. Users can also quickly import information from Snowflake databases into the Azure Purview data map, and then manage and control the Snowflake data in Azure.
Category growth is expected to be fueled by the implementation of IOT, social media and user-generated content and decreasing cloud storage cost. The utilization of big data technology in social media like Facebook AI Research Lab and Amazon Kinesis is a key factor driving this trend.
Order your copy of the Big Data 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
Big Data Sourcing Intelligence Highlights
• The global big data category is fragmented, with numerous small and large players operating in different regions. The competition between players is intense as they strive to gain a wider customer base and improve customer experiences
• The growing number of suppliers of this technology, such as developers and programmers, has somewhat reduced the bargaining power of suppliers.
• Project scope, data volume, technology stack, and other factors form the most significant cost component in big data implementation. The overall cost also depends on the infrastructure, hardware and software, data acquisition, and integration.
• Most of the service providers offer complete services from data collection, development of technology, maintenance, and others.
Browse through Grand View Research’s collection of procurement intelligence studies:
• Payroll Outsourcing Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
• Media Buying and Planning Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
List of Key Suppliers
• Accenture
• Cloudera
• Hewlett-Packard Company
• IBM
• Mu Sigma Inc.
• Amazon
• Oracle Corporation
• Splunk Inc
• Teradata Corporation
Big Data Procurement Intelligence Report Scope
• Big Data Category Growth Rate: CAGR of 12.7% from 2023 to 2030
• Pricing Growth Outlook: 3% - 4%
• Pricing Models: Subscription-based
• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence
• Supplier Selection Criteria: Type, technical expertise, security measures, support and maintenance, cost-effectiveness, and others
• Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
Exploring the Benefits of Social Media Management Procurement Intelligence [Business]
The global social media management category is anticipated to grow at a CAGR of 23.3% from 2023 to 2030. Key factors that drive the growth of the category include rising use of social media platforms, increase in smartphone usage, rising global focus on competitive intelligence, and increased adoption of category solutions to optimize, monitor, and administer the online presence of a business enterprise on various social media networks. The category is expected to witness further rise in demand as businesses are turning to social media marketing for easier attraction, conversion, upsell, and cross-sell of their goods & services. In addition, they can use the platform to manage their reward-based loyalty programs for their intended customer base. However, constraints related to regulations and compliance may hinder the growth of global category as non-adherence of privacy & data protection laws would require businesses to pay heavy fines and may even lead to legal proceedings & actions.
Cloud computing, augmented reality (AR), virtual reality (VR), and artificial intelligence (AI) are key technologies that are transforming the functioning of the category solutions. AI is being highly utilized in social media marketing as it supports in the automation of marketing operations such as data analysis and scheduling articles.It can also be used to produce customized content and target advertisements more effectively. A major shift in social media management is sparked by the integration of virtual reality (VR) and augmented reality (AR) into social media platforms. Due to this innovation, there is a growing need for all-inclusive social media marketing solutions that can leverage AR and VR to improve user engagement and marketing.Social media platforms use these tools to produce immersive content, such as live virtual reality events and virtual showrooms, as well as interactive filters and 3D advertisements.
Order your copy of the Social Media Management 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
The category for social media management exhibits a fragmented landscape, with the presence of large number of global industry players. Players in the industry are heavily spending in emerging technological solutions with an objective to enhance their offerings. In addition, they are adopting strategies such as joint ventures, mergers & acquisition, introduction of new product or service, in order to extend their market share. The category may face slight complex future. Amidst fragmentation, few players will target to recruit general practitioners who are knowledgeable about all platforms and are not restricted to any one platform, while others will aim to engage platform-specific specialists. Suppliers in the category possess low to medium negotiation capability which varies by the fact how their solution is offering more value to a buyer in terms of capability and price, subject to the intense competition.
Cost incurred on producing content and introducing a new social media platform, cost incurred on campaigns for social media advertisements, and cost associated with platform administration are the key components that constitute services offered in the category. Factors such as personnel sourcing (in-house vs. outsourced) and third-party tools influence the anticipated expenses associated with social media management. While debuting on a social media platform is technically free, maintaining a profile and planning content may run a brand's monthly expenses between USD 499 to USD 9,999. In addition, a platform-specific advertising strategy requires a minimum monthly investment of USD 4,999 to be successful. Furthermore, managing multiple platforms either though an agency or a social media management tool would incur monthly expenses between USD 499 to USD 9,999. Factors that influence the price include features being used, community size, volume of inbound messages & mentions, and number of profiles being managed.
North America region dominates the global social media management category, holding a substantial share. The region offers a plethora of prospects due to its well-established market, risk-taking attitude, and preference for technological advancements offering numerous opportunities for players in the region. In addition, the region is characterized by broad base of social media users and the increasing significance of social media management tools. Furthermore, the regionwill generate more money as a result of verticals using social media networks as a vital tool for customer engagement and marketing. Reviewing the client testimonials of the service providers, assessing the social media tools that are utilized by the service provider, evaluating a service provider’s compatibility and communication policies, comparing the fee charged by various service providers to fetch the best value are some of the best sourcing practices considered in this category.
Browse through Grand View Research’s collection of procurement intelligence studies:
• IT Asset Disposition Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
• Cyber Security Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Social Media Management Procurement Intelligence Report Scope
• Social Media Management Category Growth Rate: CAGR of 23.3% from 2023 to 2030
• Pricing Growth Outlook: 5% - 10% increase (Annually)
• Pricing Models: Price per hour, Price per activity, Retainer based prices
• Supplier Selection Scope: Cost and pricing, Past engagements, Productivity, Geographical presence
• Supplier Selection Criteria: Industries served, years in service, revenue generated, sales & marketing management, customer experience management, competitive intelligence, risk management & fraud detection, platform management, content development, and others
• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Key Companies
• Digimind S.A.
• Hootsuite Inc.
• Meltwater
• Qualtrics LLC
• Runtime Collective Limited (d.b.a. Brandwatch
• Salesforce, Inc.
• Sendible Limited
• Socinova
• Sprinklr, Inc.
• Sprout Social, Inc.
• WebFX
• Zoho Corporation Pvt. Ltd.
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
Unlocking Success through Employee Training Services Procurement Intelligence [Business]
The employee training services category is expected to grow at a CAGR of 8% from 2023 to 2030. North America is the leading market for corporate training, accounting for 43% of the global market. This is due to the presence of large corporate MNCs and giant IT organizations in the region. These companies invest heavily in corporate training to improve the work-life balance and efficiency of their employees. Europe and Asia Pacific regions are expected to grow at the fastest CAGR in the coming years. This is due to the increasing startup culture and the setup of new companies in these regions. These new companies will require corporate training for their employees to ensure that they have the necessary knowledge and skills to succeed.
Established players are investing considerably in the development and bolstering of their training programs to secure increased employee retention and improve brand recognition. Collaboration with emerging startups enables established companies to make use of the advantages of their goods and increase the scope of their product offering. Due to the fast adoption of mobile devices and the rising levels of digital literacy among employees, market participants are using online or web-based training modules to keep learners interested in the learning process. The market is likely to see more opportunities as vendors increase their partnerships with cloud service providers. For instance,
• In March 2023 A learning and talent-development company, Hemsley Fraser, announced the acquisition of STS, a project management training company, and MindOnSite (MOS), a maker of online training systems. With the addition of new technologies like gamification, learning management systems (LMS), smart learning portals, and project management simulation tools, the acquisitions will improve Hemsley Fraser's product portfolio.
• In February 2023 GSoft, a Montreal-based software company, acquired Didacte, a learning management system (LMS) platform provider. GSoft offers employee experience solutions like ShareGate, Officevibe, and Softstart, while Didacte provides a web-based LMS platform for training courses.
The implementation of uploaded and streamed videos into the educational process is a result of the growth of high-speed internet networks. Through the use of videos, learning strategies are expanded. For instance, the usage of video has made tasks like taking notes, providing feedback, responding to inquiries, and tracking progress straightforward. With video-based learning, users have the choice to watch the video at any time and from any location while also being able to rewind, store, and view the content at their convenience. The rapid increase of wireless network connectivity is assisting in the development of e-learning software, which is anticipated to accelerate market growth throughout the forecast period.
Order your copy of the Employee Training Services 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
Employee Training Services Sourcing Intelligence Highlights
• The global employee training services category is fragmented, with the presence of several market players. Employee training service suppliers invest in AI and engage in strategic collaborations to stay competitive and meet evolving business needs. Artificial intelligence is being employed in corporate training programs. Service providers also deploy bots to guide learners through the curriculum.
• Content development, instructor/facilitator fees, technology and infrastructure costs, venue and equipment expenses, travel and accommodation costs, and administrative costs form the most significant cost component in category implementation.
• The type of training, delivery format, number of participants, duration, the expertise of trainers, customization, technology requirements, location, materials and resources, evaluation, and feedback significantly influence the price.
Browse through Grand View Research’s collection of procurement intelligence studies:
• Advertising Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
• Digital Procurement Systems Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
List of Key Suppliers
• Skillsoft
• LinkedIn Learning
• Pluralsight
• Cornerstone On Demand
• Udemy for Business
• OpenSesame
• GP Strategies
• D2L Brightspace
• SAP Litmos
• Coursera for Business
• EdCast
Employee Training Services Procurement Intelligence Report Scope
• Employee Training Services Category Growth Rate: CAGR of 8% from 2023 to 2030
• Pricing Growth Outlook: 3% - 4% (Annually)
• Pricing Models: Cost plus pricing, subscription-based pricing
• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence
• Supplier Selection Criteria: Technical expertise, experience, cost and quality of service, capabilities and reliability, customer service,
• Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
The Future Outlook of Heat Exchanger Procurement Intelligence
The heat exchanger category is expected to grow at a CAGR of 5.1% from 2023 to 2030. The increasing demand for energy-efficient solutions is expected to drive the category growth. In 2021, the International Energy Agency (IEA) predicted that energy-efficient heat exchanger technology will aid in reducing world energy demand by up to 40% by 2040. Energy-efficient solutions are becoming a crucial element in a variety of industries due to growing energy prices and climate change concerns. Industries including chemical processing, oil and gas, HVAC, food and beverage, power generation, etc. depend heavily on heat exchangers to increase energy efficiency and to lower energy consumption.
The government initiatives contributing towards energy conservation are anticipated to drive the category share. Governments across the globe have introduced policies and incentives to encourage industries to adopt energy-efficient technologies and decrease greenhouse gases emissions. For instance, by 2030, the European Union aims to reduce greenhouse gas emissions by approximately 55% to 60%. One of the regulations that the EU introduced to accomplish this goal and promote energy efficiency and renewable energy is the Energy Performance of Buildings Directive (EPBD) introduced in 2002 and implemented in January 2006. This directive encourages to modify an existing building to increase energy efficiency. Therefore, employing heat exchangers in HVAC systems for buildings will play a crucial role in achieving these goals.
The Europe and Asia-Pacific regions dominate the market share in this category. In 2022, these regions collectively accounted for 45% - 55% of the market share. In the Asia-Pacific region, China and India hold a significant portion owing to rising investment in various sectors such as chemical, petrochemical, and HVAC systems.
Order your copy of the Heat Exchanger 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
Companies are increasing their research and development efforts, to incorporate cutting-edge technology advancement into the development of new manufacturing techniques, materials, and designs to reduce operating costs and carbon footprint. Companies are adopting and incorporating improved technology such as tube inserts in heat exchangers. These technological advancements will accelerate the market growth of this category and increase energy efficiency, total life cycle cost, durability, and compactness of heat exchangers.
The three main cost components in this category are raw material costs, manufacturing costs as well as design and engineering costs. Other costs involved are inspection and testing, direct and indirect overhead costs, etc. Copper, aluminum and stainless steel are the major raw materials used in the production of heat exchangers and any fluctuation in their availability & price will have an impact on the end product. The manufacturing cost is affected by elements such as core and frame materials, interface tolerances, coatings, and other requirements. The type of core and frame material i.e., tubes, fin, and/or sheet metal significantly varies the cost of heat exchangers. The core and frame material price differences are dependent on the type of raw materials required to produce the heat exchanger and the amount of time spent on manufacturing the part. For instance, copper tube-fin heat exchangers are the cheapest to manufacture whereas stainless-steel tube-fin heat exchangers are more expensive due to its weight, higher punching time and necessity to do welding in comparison to copper.
Other drivers like interface tolerance specifications and coatings contribute to the manufacturing cost variation.
Countries such as China, India, and the U.S. are the most preferred sourcing destinations for this category due to China’s growing industrialization and population. For instance, China is the largest exporter of heat exchangers which accounted for a share of 100,772 shipments followed by India with 92,447 and Germany with 57,093 shipments till June 2023. Further, China is gradually reducing its reliance on coal for household heating to enhance its focus on decarbonization in the cooling and heating industry by improving air quality and switching to heat pumps. Selecting a full-service supplier i.e., a supplier equipped with the full range of heat exchangers required by companies is considered to be an important sourcing practice in this category. Other best sourcing practices include identifying the right material for the heat exchanger. Full-service suppliers incorporate OEM expertise, proprietary software, and datasets to identify the ideal number of plates, amounts of heat transfer, or pressure drop required for any heat exchanger. It aids in improving planned downtime efficiency and heat transfer performance.
Browse through Grand View Research’s collection of procurement intelligence studies:
• Lime Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
• Graphite Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Heat Exchanger Procurement Intelligence Report Scope
• Heat Exchanger Category Growth Rate: CAGR of 5.1% from 2023 to 2030
• Pricing growth Outlook: 4% - 6% (Annually)
• Pricing Models: Cost Plus Pricing
• Supplier Selection Scope: Cost and pricing, Past engagements, Productivity, Geographical presence
• Supplier Selection Criteria: Raw material, End-user, Product type, Technical specifications, Operational capabilities, Regulatory standards, and mandates, Category innovations, and others
• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Key companies
• Alfa Laval
• Danfoss
• Kelvion Holding GmbH
• Xylem Inc.
• API Heat Transfer
• Mersen
• Hisaka Works, Ltd.
• Johnson Controls International
• HRS Heat Exchangers
• Koch Heat Transfer Company
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
Unveiling the Potential: Harnessing Digital Payment Services Procurement Intelligence [Business]
The global digital payment category size was valued at USD 81.03 billion in 2022. Overall, the increasing popularity of online shopping and smartphones is driving the demand for digital payment services. The rapid use of digital payment systems by young people, particularly Generation Z, is what is driving the trend in digital payments. This generation prefers online banking over other banking methods, and they seek personalized, adaptable, and relevant customer experiences. Because payment services are developing and delivering better customer experiences, there is a demand for improved user experiences that supports business growth. The increasing popularity of online shopping is driving the demand for digital payment services, as online shoppers prefer convenience and security. Smartphones make it easy to make payments online and in-store, while contactless payments are becoming more popular due to their convenience and hygienic nature. The security of digital payment services is improving, making consumers more comfortable using these services. For instance, Civic is an e-KYC platform providing secure digital identity at reduced cost provides secure digital identity at reduced costs, while cloud technology drives research and development in digital payment offerings.
Companies are continuously focusing on developing technologies or partnering and collaborating with tech-based firms to prevent fraud and increase security. For instance,
• In November 2022, Mastercard partnered with Vesta to offer a fraud management platform to merchants in Latin America and the Caribbean. The partnership aimed to improve the consumer's digital experience and bolster trust in e-commerce by addressing the increasing need for online shopping and addressing evolving fraud threats in real time.
• In March 2022, LexisNexis Risk Solutions acquired BehavioSec, a Swedish company specializing in behavioral biometrics tech, to enhance its device and digital identity-focused offerings. BehavioSec's predictive biometrics solution uses behavior analysis for continuous authentication, establishing identity trust, and preventing fraud. The acquisition became part of LexisNexis Risk Solutions' Business Services group.
Information is secured using cryptography, a method that converts it into a format that is difficult for unauthorized parties to read or understand. It is utilized in digital payments to safeguard sensitive data, including passwords and credit card details. Payment Card Industry Data Security Standard (PCI DSS) is a collection of security standards created to protect sensitive payment information, whereas Secure Sockets Layer (SSL) is a security protocol used to encrypt data communicated over the internet. Two-factor authentication (2FA) is a security procedure that adds an additional layer of protection against fraud by requiring users to submit two forms of identity.
Order your copy of the Digital Payment Services 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
Digital Payment Services Sourcing Intelligence Highlights
• The number of both large and small companies operating in different areas has caused the digital payment services category to become highly fragmented on a worldwide scale. Players compete aggressively with one another to grow their customer base and offer superior customer service.
• Technology cost, transaction cost, and labor account for the largest cost component of the digital payment services business.
• Most providers offer services such as fraud prevention, account management, customer support, and risk management.
Browse through Grand View Research’s collection of procurement intelligence studies:
• Payroll Outsourcing Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
• Digital Procurement Systems Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
List of Key Suppliers
• Visa
• Mastercard
• PayPal
• Alipay
• China UnionPay
• Amazon Pay
• Stripe
• PayU
• Adyen
• Paytm
Digital Payment Services Procurement Intelligence Report Scope
• Digital Payment Services Category Growth Rate: CAGR of 20.8% from 2023 to 2030
• Pricing Growth Outlook: 8% - 10%(Annual)
• Pricing Models: Subscription fee pricing model and transaction fees pricing model
• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence
• Supplier Selection Criteria: Sustainability, price, quality, reliability, flexibility, technical specifications, operational capabilities, regulatory standards and mandates, category innovations, and others.
• Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
The Future of Healthcare Consulting Services: Procurement Intelligence Insights [Business]
The healthcare consulting services category is expected to grow at a CAGR of 8.3% from 2023 to 2030. Some of the major factors driving the demand include the high adoption of digitalization in healthcare businesses and the rising demand for a structured organization with a strong focus on enhanced efficiency. One of the major trends in the healthcare landscape is the increasing use of big data analytics, IoT, and the deployment of cloud solutions and services. The latest technologies and software are being extensively used by different players in the healthcare spectrum such as payers, providers, pharmaceutical and biotechnology firms, manufacturers of medical devices, and government agencies.
In 2022, the North American region dominated the category share, accounting for more than 47%. This is due to the widespread use of digital solutions by healthcare organizations such as drug companies, government agencies, hospitals, and other institutions. Further, in order to comply with the changing regulatory framework, North America has a strict regulatory framework. As a result, regulatory consulting services are in high demand among healthcare organizations, which further supports category growth. By end-use sector, pharmaceutical companies accounted for the largest share of 28% in 2022 followed by hospitals and insurance companies.
In healthcare, data analytics are crucial. Healthcare organizations benefit from its use by evaluating and developing practitioners, detecting anomalies in scans, and predicting the arrival of illness outbreaks. With the help of different AI models, organizations can manage initiatives and provide better care coordination for the most vulnerable patients. Similarly, medical records sharing can be made easier and safer with cloud computing, backend operations can be automated, and even telehealth applications can be created and maintained with the cloud. The efficiency of the healthcare sector is in turn increased, and expenditures are reduced by using cloud solutions.
Order your copy of the Healthcare Consulting Services 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
The category is becoming increasingly fragmented with the entry of new regional players. Low levels of regulation and low startup costs for healthcare consultants lead to a highly fragmented market. Buyers have a moderate ability to negotiate. In some cases, a small number of specialized healthcare consulting firms control the consulting terms that apply to the whole market, even though purchasers can outsource these services to other firms depending on the project's criticality.
Consultant fees form the largest cost component in this category accounting for over 60% of the overall cost. Other costs include facilities, insurance, IT support, tax, profit, and selling general and administrative (SG&A). Consultant fees can include a base salary and other bonuses, such as performance bonuses and signing bonuses. For instance, in the U.S., the average salary of a healthcare consultant can range between USD 130,000 - 200,000 annually. The salaries in turn, can depend on a number of variables, including years and level of experience, certifications, geographic region, analytical and financial skills, domain knowledge, etc. Similarly, in the U.S., the salary of a medical device consultant can range between USD 75 - 300 per hour depending on the complexity of the device and the project's goals.
India is one of the preferred sourcing destinations for healthcare consulting services followed by the U.S. and U.K. The average consultant rate per hour in India is 60 - 70% lower than the global average. However, for healthcare consulting services in particular, prices in India are 40 - 50% lower than the global average. In terms of engagement model, full outsourcing is the most adopted model in this category. Selecting service providers that have proven track records with multiple case studies, considering certifications such as “Certified Healthcare Business Consultant” or “Certified Professional in Healthcare Quality” as credentials of expertise, and evaluating suppliers on data privacy issues or medical records sharing terms are some of the factors why companies look for approved providers in this category.
Browse through Grand View Research’s collection of procurement intelligence studies:
• IT Asset Disposition Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
• Lime Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Healthcare Consulting Services Procurement Intelligence Report Scope
• Healthcare Consulting Services Category Growth Rate: CAGR of 8.3% from 2023 to 2030
• Pricing Growth Outlook: 9% - 11% (Annually)
• Pricing Models: Cost plus and contract-based pricing model
• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence
• Supplier Selection Criteria: Types of consulting services provided, operational capabilities, quality measures, technology, certifications and standards, data privacy regulations, and others
• Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Key Companies
• Accenture
• McKinsey & Company
• Deloitte
• PwC
• L.E.K. Consulting
• Huron Consulting Group Inc.
• Cognizant
• EY
• Bain & Company, Inc.
• IQVIA, Inc.
• Boston Consulting Group
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
The Future of Construction Services Procurement Intelligence
The construction services category is expected to grow at a CAGR of 11.8% from 2023 to 2030. With technological advancements in the construction process, rising investments by governments toward economic infrastructural development, and green building initiatives, the construction industry has evolved which has resulted in rising construction services. Service providers are focusing on adopting new technologies such as 3D printing, Augmented Reality (AR), Virtual Reality (VR), helmet revolution, and various construction software. Hard hats have been one of the trends around construction sites for the safety of workers. For instance, HexArmor developed a helmet, Kinetix, which could reduce the impact by up to 40% on the head and neck.
The construction sector, like numerous other industries, is experiencing a significant transformation through IoT technology. By integrating connected devices, machines, and sensors, construction sites can greatly enhance their efficiency and safety. Intelligent decision-making processes, predictive maintenance, and real-time data monitoring contribute to this positive shift.
Worker well-being can be affected by labor shortages as well. When companies attempt to fill their labor gap by providing training and upskilling opportunities to new talent, they face the challenges associated with having a less experienced workforce. This can lead to an increase in on-the-job accidents and injuries due to mistakes or poor judgment. Furthermore, construction companies striving to accomplish more with fewer workers put additional pressure on their employees, leading to potential issues such as rushing through work, taking shortcuts, or working longer hours
Technology-based companies are taking initiatives to streamline the way construction service providers operate, such as:
• In May 2023, Canvas a San Francisco-based construction robotics company partnered with USG Corp. to leverage technical advances such as onsite robotics from Canvas, and advanced building materials from USG.
• In March 2023, Sensat, a construction digital twin company, developed an integration along with Autodesk Construction Cloud to enable construction teams to send files from Autodesk Docs to Sensat for user visualization of key construction documents.
Drones have evolved into indispensable tools within the construction sector, providing vital benefits to the industry. Their ability to provide precise insights, high levels of accuracy, and real-time progress reports greatly enhance communication among designers, architects, builders, and client stakeholders.
Order your copy of the Construction Services 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
Construction Services Sourcing Intelligence Highlights
• Construction service buyers, such as real estate developers, governments, and private clients, can significantly impact the construction service market. The bargaining power of buyers will depend on the number and size of projects undertaken by the builder. The builder with 4-5 big projects will have an upper hand in bargaining as compared to builders with some mid-sized projects.
• Raw materials, labor, machinery, equipment, transportation, office rent, and legal charges are some of the costs incurred in construction services.
• Engaging an external construction team could potentially yield greater cost savings compared to a conventional approach i.e., relying on own employed team. Whether you opt for part-time supervision or full-time outsourcing, these contractors operate on an hourly payment basis.
List of Key Suppliers
• Bechtel Corporation
• Fluor Corporation
• DPR Construction
• Kiewit Corporation
• STO Building Group
• The Walsh Group
• Skanska
• Clark Construction Group, LLC
• AECOM
• Holder Construction Group, LLC
Browse through Grand View Research’s collection of procurement intelligence studies:
• Commercial Real Estate Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
• Personal Protective Equipment Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Construction Services Procurement Intelligence Report Scope
• Construction Services Category Growth Rate: CAGR of 11.8% from 2023 to 2030
• Pricing Growth Outlook: 7% - 8% (Annually)
• Pricing Models: Service-based pricing, price for services offered, competition-based pricing
• Supplier Selection Scope: End-to-end service, cost and pricing, compliance, service reliability, and scalability
• Supplier Selection Criteria: Types of building, quality, number of services offered, client relationship, track record and reputation, regulatory compliance, and others
• Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
