Enhancing Sustainability through Wastewater Treatment Procurement

The wastewater treatment category is anticipated to grow at a CAGR of 6.5% from 2023 to 2030. Wastewater primarily can be divided into industrial, domestic, and stormwater run-off, which can be further segregated into blackwater and greywater. Similarly, its treatment can be classified into four stages - preliminary or pretreatment, primary, secondary, and tertiary treatments. Among these, the tertiary segment accounted for 44% of the total share in 2022. According to the UN estimates, more than 55% of the population lives in urban areas and it is anticipated to increase to 68% by 2050. As communities grow, it becomes increasingly challenging to provide essential services such as wastewater treatment and amenity spaces. This is due to limited land availability and, the high costs of acquiring land and building infrastructure to meet the increased demand for these services. Therefore, the growth of the category is mainly attributable to increasing urbanization and a high requirement for clean water and sewage water/waste management. Further, the growing environmental concerns with proper disposal and discharge methods are likely to aid category expansion.

In this category, several types of plants are used to treat different kinds of wastewater such as - Sewage Treatment Plants (STPs), Common and Combined Effluent Treatment Plants (CEPTs), Effluent Treatment Plants (ETPs), Activated Sludge Plants (ASPs), and others. The wastewater treatment industry has significantly improved through the adoption of new technologies such as - oxygen membrane aeration biofilm reactors for high oxygen transfer rates, an increase in biological treatment capacity with a lower carbon footprint, advanced oxidation, thermal hydrolysis, and the use of IoT in many facilities. For instance, IoT sensors are used in plants to gather information on operational efficiency, water quality, pollutants, performance and monitoring, and detection of hazardous and residual chemicals.

The global wastewater treatment category is characterized by a high degree of fragmentation. In the U.S. alone there are more than 23,000 wastewater utilities, a number that significantly surpasses other developed nations such as the U.K. and Australia. As of June 2023, in the U.S., the water and wastewater landscape is highly fragmented with the presence of 48,000+ community water systems and 23,481 wastewater treatment plants/sites. The treatment plants cater to around 267 million people in the nation. 78% of water systems (i.e., small ones) serving less than 3,300 people are undercapitalized and unable to keep up with increasing compliance costs.

Order your copy of the Wastewater Treatment 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

Most of the players have moderate to low bargaining power. Industry players recognize that the water and wastewater utility industry suffers from inefficiencies, which are predominantly manifested in limited competition that results in higher prices. It is further challenging for suppliers and contractors to become aware of (and reply to) bids and RFPs in a timely manner due to the fragmented nature of the market. As a result, many organizations are considering consolidation strategies like annexation and acquisition, from municipalities to investor-owned utilities.

• For instance, in May 2023, Xylem announced the acquisition of Evoqua Water Technologies, one of the leading companies in this category. The combined company will have the most advanced platform, technologies, and integrated capabilities across the entire water cycle utility sector. Through their collaborative efforts, the two companies aimed to meet the critical requirements of companies/ consumers in energy, chemicals, environmental, water, and transportation.

The wastewater, before being properly discharged into the environment, must be properly treated and purified in a treatment plant. Hence it is essential to distinguish between fixed and operational costs to manage and optimize the finances of the facility. In this category, there are mainly two types of costs - fixed and operational. If we take the example of STP, the major fixed costs include - the cost of design and engineering, construction, land purchases and obtaining necessary permits, equipment and technology, legal, and contingency. For any treatment plant, on average, the operational costs include - labor, energy, reagents and chemicals/materials, sludge management/disposal, repairs and maintenance, and overhead/miscellaneous costs. Costs related to administrative expenses, utilities, any compliance or regulatory requirements, and insurance can be considered under overheads. Operational costs can account for between 45 - 50% of the total costs. If we further break it down, then energy consumption can account for between 10 - 30% of the total operating costs.

Some of the factors which can have an impact on the total costs are - the size or load capacity of the plant, topography and geographical location of the facility, supply of energy, degree of automation, treatment and methods used in the processes, and method of disposal. The particular equipment utilized in a system will be largely determined by the sort of treatment companies want and the particularities of their process and facility. For instance, reduced flow rates correspond to reduced capital expenditures in industrial water treatment systems. Increasing the flow by 50% can increase the costs by about 20%. Similarly, the cost of engineering is around 10 - 15% of the total project cost and is generally phased over the course of the project. Simple, low-flow systems can cost as low as USD 45,000 compared to high-end capacity systems that can cost around tens of millions of dollars. For instance, when it comes to food and beverage manufacturing, technology is typically used to remove biological contaminants (such as membrane bioreactors) and oil/grease (using dissolved air flotation). Depending on the levels of BOD and limit of discharges, at 100 GPM, the treatment equipment can be anywhere around USD 500,000 to over 1 million.

Singapore, Switzerland, Denmark, Netherlands, and Sweden are among the top countries having the best sewage treatment plants in the world. Singapore's advanced wastewater infrastructure and strict water quality standards make it a global leader in this category. When selecting vendors, companies in various end-user industries assess them based on the knowledge they possess and the equipment they offer (such as filtration systems, membranes, and boiler systems), to ensure that it meets their specific requirements. They also evaluate the various chemicals used for treatment, the frequency of service visits (annual, quarterly, or monthly), payment options, the risks associated with the service, and negotiate and compare proposals from multiple vendors. Additionally, it is important to ensure vendors adhere to compliance and testing requirements. 

Browse through Grand View Research’s collection of procurement intelligence studies:

• Biodiesel Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Medical Waste Disposal Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Wastewater Treatment Procurement Intelligence Report Scope

• Wastewater Treatment Category Growth Rate: CAGR of 6.5% from 2023 to 2030

• Pricing Growth Outlook: 10% - 15% (Annually)

• Pricing Models: Cost plus model and competitive pricing

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

• Supplier Selection Criteria: Type of services (biological wastewater, industrial, biosolids, etc.), filtration and osmosis systems, treatment methods, technologies used, chemicals used, certifications, operational and functional capabilities, the technology used, 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 

• Xylem, Inc.

• Pentair plc

• Calgon Carbon Corporation

• DuPont de Nemours, Inc.

• 3M Company

• Suez S.A

• Kingspan Group

• BASF SE

• The Dow Chemical Company

• Toshiba Water Solutions Private Limited (TOSHIBA CORPORATION)

• Veolia Water Technologies 

• Evonik Industries AG

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

Transforming Your Business with Advertising Services Procurement Intelligence

The advertising services category is expected to register a CAGR of 5.9% from 2023 to 2030. In 2022, North America accounted for 36% of the overall share followed by Europe and APAC. The increasing demand for short content and video ads, the increasing internet penetration, and the growing number of smartphone users are driving the growth of this category. For instance, in 2022, there were 244.4 million digital video viewers in the U.S. alone. According to Business Insider, more than 97% of U.S. users aged between 12 and 44 years consume a high amount of digital video content. In a 2023 survey, it was found that more than 91% of consumers want more digital content from brands which in turn is driving the demand for video advertising.

More and more companies/brands are including video content as a part of their digital marketing strategy to capture the audience’s attention. The return on investment is high for video marketers as they get 66% more leads per annum and can achieve a 54% increase in brand awareness. In 2022, almost 82% of internet traffic came from video streaming and downloads. One of the top technological trends is the increased adoption of chatbots and conversational AI in the digital marketing space. Voice searches, such as Cortana and Google Assistant are rising in popularity in the content marketing and advertising sector, which is expected to aid small business’s growth. 

The total cost of advertising services depends on multiple factors such as the type of ad, type of digital platform, complexity of the campaign, location, and strategy used to promote the products & services. On average, the prices for a project can range between USD 1,200 and USD 10,000 per month. Some of the services under advertising packages can include PPC ads, social media ads, display ads, banner ads, or influencer ads. Some companies have tier-pricing models such as basic, premium or professional, and enterprise level. A basic service can range from USD 100 to USD 5,000 per month and can include 2,000 to 3,000 keywords, Google PPC network, campaign development, strategy, copywriting services, etc. A premium or professional tier advertising service can range between USD 5,000 to 30,000 per month and can include network connections, 10,000 to 15,000 keywords, third-party audience targeting, account-based retargeting, CRM pipeline targeting, funnel measurement, landing page setup, etc. For an enterprise-level package, prices can start from USD 35,000 and can increase based on project complexity. Few services under the enterprise level may include connections to multiple networks, 15,000+ keywords, display ad creative sets, tv commercial ads, etc. 

Order your copy of the Advertising 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

Advertising Services Sourcing Intelligence Highlights 

• The global advertising category is moderately consolidated due to increased forward integrations by leading players such as WPP, Publicis Groupe, Omnicom Group, etc. More than 45% to 50% of the overall share is made up of the top fifteen players.

• Suppliers command a higher bargaining power due to this consolidation. Companies have a high reliance on advertising agencies to boost and enhance their brand growth. Another favoring factor is that agencies can work across any industry and many industries

• Production, office expenses, and labor form the largest cost component of advertising services. Production cost components include digital marketing and social media tools, SEO and PPC, software integrations, cameras, projectors, other digital tools, etc.

• From a sourcing perspective, the companies mostly prefer approved provider models to reduce the risks and increase the potential for value creation 

List of Key Suppliers 

• WPP Plc

• Omnicom Group

• Publicis Groupe

• The Interpublic Group of Companies

• Dentsu Inc.

• Hakuhodo Inc.

• Havas SA

• MDC Partners

• Publicis Sapient

• Lamar Advertising

• BBDO Worldwide

• Epsilon Data Management, LLC

• Accenture Song

• BlueFocus Communication

• Starcom Worldwide. Inc

Browse through Grand View Research’s collection of procurement intelligence studies:

• Artificial Intelligence Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Digital Marketing Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Advertising Services Category Procurement Intelligence Report Scope 

• Advertising Services Category Growth rate (CAGR): CAGR of 5.9%

• Revenue Forecast in 2030:  USD 949.12 billion

• Pricing growth Outlook: 10 - 15%

• Pricing Models: Value-based pricing model and fixed price pricing model

• Supplier Selection Scope: Cost and pricing, Past engagements, Productivity, Geographical presence

• Supplier Selection Criteria: Digital marketing, SEO and PPC, email and social media marketing, content creation, print advertising, radio and tv commercials, software integrations, 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

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

Shipping Containers Procurement Intelligence: Trends and Outlook

The shipping containers category is anticipated to grow at a CAGR of 7.1% from 2023 to 2030. The expansion can be attributed to the rise in international trade, facilitated by the digitization of the shipping sector and the rising utilization of specialized containers. Additionally, the container industry has experienced further growth in response to increasing consumer demand. The shipping industry contributes to around 90% of the goods transported. According to the International Chamber of Shipping 2022 report, around 11 billion tons of goods are transported through shipping containers every year.

Apart from transportation, shipping containers have also been gaining momentum in the construction industry, from building homes to creating pop-up stores. Shipping containers are used for modular construction as they reduce costs and construction time and are efficient and easy to construct. They are used in the construction of homes, schools, hotels, and emergency shelters. For instance, in 2022, Spanish studio Fenwick Iribarren Architects constructed a thousand dormitory rooms using shipping containers for fans attending the FIFA World Cup 2022. Additionally, countries such as Australia and the UK are carrying out constructing activities using containers due to the need for affordable housing, specifically in urban areas. Rising demand for the category from the construction industry is expected to drive the growth of the category.

Container manufacturers are equipping containers with smart technologies such as sensors to monitor temperature, humidity, and other environmental factors for transporting sensitive goods such as food items. Containers are being connected through Internet of Things (IoT) technology as it can help to track and gather real-time data of the container and take necessary steps in case of emergency. Furthermore, with the growing significance of sustainability, container producers are exploring new materials and processes to reduce environmental impact. This involves the incorporation of recycled steel, environmentally friendly coatings, and the development of containers featuring energy-efficient elements such as insulation.

The category is fragmented in nature due to companies having huge numbers and types of container fleets. The primary raw material for containers is steel, and suppliers of steel may have some bargaining power. However, container manufacturers often have long-term relationships with steel suppliers, and the global availability of steel may reduce the supplier power.

Order your copy of the Shipping Containers 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 buyers in the category are typically shipping companies, logistics providers, and other industries that require containerized transport. While these buyers often purchase in large volumes, there are multiple container manufacturers, giving buyers some negotiating power. However, switching costs between container suppliers may be relatively high. 

Raw material (steel), labor, rent and utilities, paint, cutting and welding equipment, and others are some of the key cost components incurred in manufacturing shipping vessels. Raw materials account for around 60% of the total cost whereas labor costs account for 10% of the overall cost. The cost of production depends on the size of the container, such as 20 feet or 40 feet. The price of 20ft shipping containers (cargo worthy) in the U.S. is around USD 1,460, and 40ft is USD 2,695. Similarly, the price for a 20ft vessel in China is around USD 1,310, and the price for a 40ft is USD 1,635. In India, the price for 20ft is USD 1,238, and USD 2,113 for a 40ft vessel. Renting a shipping container can cost between USD 50 to USD 500 per month.

In terms of shipping container manufacturing, companies such as Maersk, COSCO Shipping lines, and Evergreen outsource the manufacturing of shipping containers as per their requirements. Container manufacturing companies outsource operations such as raw material procurement and have complete in-house container manufacturing lines. Developing a strong relationship with container suppliers and evaluating suppliers based on the type and size of vessels they provide and ability to provide customized containers. Buyers of the category also maintain long-term relationships with container suppliers and look for suppliers' reputations, track records, and geographical presence of the supplier.

Browse through Grand View Research’s collection of procurement intelligence studies:

• Order Fulfillment Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Payment Processing Solutions Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Shipping Containers Procurement Intelligence Report Scope

• Shipping Containers Category Growth Rate: CAGR of 7.1% from 2023 to 2030

• Pricing growth Outlook: 5% - 6% (annual)

• Pricing Models: Cost-plus pricing, product-based pricing, Competition based pricing

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

• Supplier selection criteria: Type and size of containers, customized container, quality, delivery option, supplier reputation, long-term relationship, contract terms, safety and environmental compliance, location and presence of supplier, 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

• Maersk

• COSCO Shipping Lines

• Evergreen

• CMA CGM

• Hapag-Lloyd

• Ocean Network Express

• Wan Hai Lines

• Singamas

• W&K Container

• HMM

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

A Closer Look at the Business Intelligence Procurement

The business intelligence category is expected to grow at a CAGR of 9.1% from 2023 to 2030. Statistics show that the United States and Canada are the largest users of the software in North America. The growth is fueled by the rising need for digital business processes and obtaining the ideal strategy for effective outcomes. Businesses are concentrating on adopting the technology for efficient functioning, simple data processing, forecasting, transparency, and many other reasons. For instance, the statistical analysis model ARIMA (Autoregressive integrated moving average) analyzes time series data to either better comprehend the data set or forecast future trends. Artificial Intelligence (AI), Machine Learning (ML), Natural Language Processing (NLP), Analytics-as-a-Service (AaaS), data security, and data quality management are several sectors that are growing in importance inside firms and pushing them toward the implementation of business intelligence.

Companies are constantly concentrating on forming alliances or creating their own technology. For instance,

• In July 2023, Thoughtspot, a provider of analytics platforms, purchased Mode Analytics, a developer of business intelligence tools, for USD 200 million. This is done to increase annual recurring revenue (ARR), double the number of customers, and broaden the technological options available to data analysts and data engineers.

• Recently in May 2023, an expansion is done in RISE with SAP by availing it on Google Cloud, a desire of SAP and Google to create better outcomes for customers by simplifying administration, analytics, and operations. In addition, it provides a vast and extremely secure network with high performance and built-in availability. The customers will be able to benefit from a cloud migration roadmap and the Google Cloud Platform's planned global availability of SAP services.

• MicroStrategyONE, an analytical platform built by MicroStrategy, the largest autonomous publicly held analytics and business intelligence company, in alliance with Microsoft. It assists businesses in making the most of their data and advancing their artificial intelligence (AI) capabilities.

• HCL Technologies (HCL), a well-known worldwide technology business, acquired Starschema in January 2022. Starschema is a leading provider of consultancy, technology, and managed services in data engineering to worldwide 2000 companies in the US and Europe. This acquisition will boost HCL's data-driven digital engineering skills and increase its market share in Central and Eastern Europe.

Digital developments have radically revolutionized and altered the corporate sector in this era of technology improvement. Companies now gain access to data-driven tools and methods that allow them to learn more about their customers and self-awareness. The current imperative is to forecast potential futures by pulling data from already-existing data sets. Mining historical data provides companies with future insights, credible alternative scenarios, and risk assessments.

Order your copy of the Business Intelligence 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

Business Intelligence Sourcing Intelligence Highlights

• The industry is seen as being highly competitive due to the vast range of vendors offering a variety of solutions to meet the different needs of businesses. The market can be segmented using type, deployment, organization size, and location.

• Finance (67%) and sales & marketing (around 60%) are the sectors gaining the most from self-service BI. Statistics also demonstrate that these industries deal with real-time information the most.

• The fundamental cost of the category is made up of software customization, the number of users, the amount of data being analyzed, and the number of connections. Implementation, support, and training are extra expenditures related to software acquisitions.

• Software builders provide the appropriate systems & tools that facilitate business decision-making. Another key component is data warehousing, which enables users to Extract, Transform, and Load (ETL) data from various platforms and applications to produce insightful information.

List of Key Suppliers 

• IBM Corporation

• Information Builders

• SAP SE

• SAS Institute

• Microsoft Corporation Inc.

• Qlik

• Tableau Software

• Oracle Corporation

• Informatica

• Cloud9 Analytics

• Teradata

• TIBCO Software

• Cisco Systems

Browse through Grand View Research’s collection of procurement intelligence studies:

• Artificial Intelligence Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Digital Marketing Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Business Intelligence Procurement Intelligence Report Scope 

• Business Intelligence Category Growth Rate: CAGR of 9.1% from 2023 to 2030

• Pricing Growth Outlook: 6% - 8% (Annually)

• Pricing Models: Value-based pricing model, dynamic pricing model, subscription-based pricing

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

• Supplier Selection Criteria: Type, technical expertise, security measures, cost and value, support and maintenance, 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

Unleashing Innovation in Order Fulfillment Procurement Intelligence

The order fulfillment category is anticipated to grow at a CAGR of 10% from 2023 to 2030. The rising online retail sales each year have resulted in rapid growth in the e-commerce industry and an increasing number of businesses preferring to sell their products digitally. This, in turn, has influenced the logistics landscape globally, along with fulfillment providers focusing on providing the best services throughout the process right from picking an order to delivering it to the end consumer. Trends such as fulfillment center automation, personalization, sustainability, and Omni channel fulfillment are driving the growth of the category.

Automation in fulfillment centers and implementing robotics can increase accuracy and processing speed. These systems can take over repetitive tasks and reduce the likelihood of human error. Automation in processes such as picking, shipping, labelling, inventory management, back-office operations, and others can transform the entire fulfillment process. It can also increase customer satisfaction, drive sales, and cut back on labor costs.

To establish an order fulfillment process that is both environmentally sustainable and eco-friendly, service providers are integrating eco-conscious practices and cutting-edge technologies into their operations. This can mitigate environmental impact, enhance operational efficiency, and bolster reputation. For instance, renewable energy sources like hydropower, wind, or solar can be used to power warehouse and logistics operations by installing energy-efficient lighting, cooling and heating systems, and using smart devices. Fulfillment companies are also opting for reusing or donating surplus or damaged inventory instead of discarding it, thus promoting a more sustainable approach.

Online consumers also want retailers to ship their orders in a sustainable way and are ready to wait longer or pay extra for their orders. For instance, according to the Digital Commerce 360 report 2023, 76% of shoppers say they are ready to pay 5% extra for sustainable packaging. This has led to the growth in focus towards sustainable packaging.

Service providers are seeking solutions for last-mile delivery which is a crucial challenge for companies. To overcome this, service providers are coming up with solutions such as using micro-fulfillment centers in which the product is delivered more efficiently and faster through the stores located close to the end-consumer. Additionally, allowing consumers to retrieve packages at their own convenience through delivery lockers, and click-and-collect points.

Order your copy of the Order Fulfillment 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

Labor, inventory storage costs, transportation, maintenance, conveyor and sortation equipment, and others are some of the cost components incurred in providing services. Other costs include utilities, insurance, and legal costs. The cost varies depending on the size and weight of the product, and the urgency and distance of delivering the product. Labor, inventory storage, and transportation costs are some of the major cost components. Due to the restricted space in warehouses, service providers charge for each square foot that the goods occupy. The larger the product, the more consumers will have to pay. The picking and packing fee can range from around USD 3 to USD 5 per item.

The category is fragmented in nature with the presence of numerous players providing services to businesses from small scale to large scale. Large companies such as Amazon and FedEx have a separate fulfillment division such as FBA by Amazon and FedEx fulfilment due to the significant growth in e-commerce. According to Walker Sands' 2023 report, as Amazon has gained a dominant position as the distributor of choice, effective order fulfillment has become increasingly crucial. Only 15% of the customers believed that most online retailers fulfil their delivery needs while 30% of consumers believe that Amazon already does. Specialized fulfillment companies are increasing their investments in creating an integrated platform that has multiple integrations such as, Shopify, EBay, Oracle NetSuite, or TikTok Shop. Suppliers are also shifting their focus from single-channel to omni-channel fulfillment which automates, simplifies, and speeds up fulfillment activities. Buyers of the services such as retailers and industrial distributors have moderate bargaining power as they can choose from multiple service providers.

Under sourcing intelligence, buyers also outsource their entire fulfillment service right from picking, packing, storing, labelling, and shipping of the product. Service providers are providing additional services to sustain in the market. For instance, through Amazon FBA service that stores, packs, and ships the order, also provides service to users by making their products appear in the prime listings and they would also be eligible for fast shipping. When seeking service providers, businesses assess suppliers based on the time taken by them to fulfill the order, services related to managing their inventory, how safely are the products handled, and providing end-to-end services. Buyers also seek transparency in the order status, and whether firms adhere to the standards and guidelines.

On the other hand, service providers have a complete in-house team that carries out complete activities from picking the products, managing them in the warehouse, labelling during orders, and shipping them to the customer. Buyers outsource the services to eliminate the burden of looking out for customers, packing the product in suitable boxes, managing complex operations, printing labels, and carrying it to customers. 

Browse through Grand View Research’s collection of procurement intelligence studies:

• Automotive Sensors Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Shipping Containers Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Order Fulfillment Procurement Intelligence Report Scope

• Order Fulfillment Category Growth Rate: CAGR of 10% from 2023 to 2030

• Pricing growth Outlook:  3% - 5% (annual)

• Pricing Models: Service-based pricing, competition-based pricing

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

• Supplier selection criteria: Service provided, time taken to fulfill order, product handling, transparency in order status, customization option, client relationship, track record and reputation, regulatory compliance, 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

• ShipBob

• FedEx

• Shipwire

• Shiphero

• Deliverr

• ShipMonk

• eFulfillment Service

• Red Stag Fulfillment

• Fulfillment.com

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

Driving Innovation in Healthcare: Patient Engagement Solutions Procurement Intelligence

The patient engagement solutions category is anticipated to witness growth at a CAGR of 17.7% from 2023 to 2030. In 2022, North America held a substantial share in the global category, followed by Europe and Asia Pacific. North America’s dominance is mainly due to the increased incidences of chronic diseases, the need to reduce healthcare costs, and favorable government efforts and regulations. The region is led by the U.S. which has a complicated healthcare system with a ton of paperwork and a set of procedures for the commercialization of medical devices and treatments. Europe holds the second-largest share due to publicly supported programs like the National Health Service (NHS) in the United Kingdom. The Asia Pacific region is anticipated to witness a decent growth rate with the presence of profitable growth prospects for the healthcare sector, such as improved care quality and healthcare infrastructure.

Based on end-usage, the healthcare providers segment holds the largest share of revenue. Healthcare providers are the first choice for consultation on anything from general to specialized medical issues in addition to treating the greatest number of patients. Therefore, these end-users are the ones who use patient engagement solutions the most. Based on mode of delivery, the web / cloud-based segment holds the largest share. Increased usage of these solutions is fueled by their integrated features, convenience of use, low cost of handling, simple data backup, and remote access to real-time data tracking. Healthcare businesses are investing more in web and cloud-based patient engagement solutions for the reasons outlined above. For instance, Microsoft released Cloud for Healthcare, in 2020, which seeks to improve patient involvement and teamwork inside healthcare organizations with the use of data analytics and telemedicine capabilities.

Technologies such as wearables and optimized online touchpoints are gaining significant popularity in the industry. Despite having few concerns attached with it pertaining to legal and privacy, wearables offer significant potential for the healthcare sector. The technology can track vital signs like heart rate and blood pressure, and some of them can even make predictions. It gives doctors a useful point of reference when talking with patients about particular physiological and biochemical data and their meanings. In addition, the technology motivate patients to take charge of their health and participate in it. A hospital or clinic is seen as the patient's informed healthcare provider when it provides a smooth, tailored experience that helps patients recognize and trust its brand. This will enable patients to regularly interact with them (hospital / clinic) as their go-to source for trustworthy information and treatment, which will increase patient retention.

Order your copy of the Patient Engagement Solutions 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 importance of virtual patient participation has been emphasized after the outbreak of the COVID-19 pandemic, prompting a change in strategy from traditional methods to the use of virtual modes for patient involvement in clinical trials and healthcare delivery. Patient engagement software has been implemented by several healthcare facilities to improve communication and promote a positive relationship between patients and clinicians. At the same time, several chronic diseases that affect a large section of the population, such as cardiovascular disorders and diabetes have become much more common. Hence, the patients suffering from these diseases need to be constantly in touch with their respective healthcare service providers to report issues or seek help in case of any emergency which is fulfilled by the solutions offered in the category.

Patient Engagement Solutions Sourcing Intelligence Highlights

• The patient engagement solutions category exhibits a fragmented landscape with intense competition among the industry players.

• Buyers in the category possess high negotiating capability due to the intense competition among the suppliers, enabling the buyers with the flexibility to switch to a better alternative.

• India is the preferred low-cost/best-cost country for sourcing patient engagement solutions suppliers. The nation is one of the most well-known for its affordable software development costs for healthcare.

• License cost/subscription fee, personnel, maintenance & upgradation, training & certification costs, and support constitute the total cost of ownership for patient engagement solutions category. Other costs can be further bifurcated into utility costs, administrative expenses, renewal costs, data migration costs, and security.

Browse through Grand View Research’s collection of procurement intelligence studies:

• Clinical Research Organizations Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Health and Wellness Management Services 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 

• Athenahealth, Inc.

• GetWellNetwork, Inc.

• Infomedia Group, Inc. (d.b.a Carenet Healthcare Services)

• Innovaccer Inc.

• International Business Machines Corp. (IBM Phytel)

• IQVIA Inc.

• Lincor, Inc.

• McKesson Corporation

• Medisys, Inc.

• Oracle Corporation (Oracle Cerner)

• Orion Health Group Limited

• PatientPoint Network Solutions, LLC

• Veradigm LLC

• Vivify Health, Inc.

Patient Engagement Solutions Category Procurement Intelligence Report Scope

• Patient Engagement Solutions Category Growth Rate: CAGR of 17.7% from 2023 to 2030

• Pricing Growth Outlook: 5% - 10% increase (Annually)

• Pricing Models: Subscription-based pricing, perpetual pricing, usage-based pricing, and freemium pricing

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

• Supplier Selection Criteria: Years in service, industries served, employee strength, revenue generated, geographical service provision, key clientele, certifications, software type, hardware type, services offered, deployment mode, 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

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

Trends and Opportunities in Payment Processing Solutions Procurement Intelligence

The payment processing solutions category is anticipated to grow at a CAGR of 14.5% from 2023 to 2030. The major types of payment processing solutions include credit/debit cards, e-wallets, QR codes, and bank transfers. Credit cards accounted for the largest share, by payment method in 2022, with 44% of the total share. Companies and consumers are increasingly moving away from traditional payment modes like cash or cheques to digital payments spurred by the pandemic and technological innovations. Peer-to-peer payment (P2P) networks and mobile wallets are becoming more popular owing to their ease and real-time transaction possibilities. Furthermore, the limits of security are being pushed by AI-driven payment systems and biometric verification. More than 84% of consumers use P2P service in 2023.

The increasing adoption of digital wallets coupled with the preference for contactless payments, high penetration of smartphones in low and middle-income economies, and broad access to financial services and formal bank accounts are some of the factors driving the growth of the category. According to the World Bank 2022 estimates, in the Sub-Saharan region, mobile money adoption has increased steadily. More than 33% of adults had a mobile money account in 2022. Additionally, government initiatives promoting the digitalization of payments further aid expansion.

Non-bank companies (like PayPal, Adyen, Square) and payment providers owing to their strength of the latest technology infrastructure, are taking steps to develop additional services on top of their existing offerings. Using the latest technologies like blockchain, web 3.0 payments, and real-time payments, new competitors like Curve and Ripple have entered the market. For instance, in November 2023, Ayden launched a new platform aimed at QSR users to simplify the payment experience. This platform was launched in collaboration with TabSquare in Singapore.

On the other hand, changing regulations have contributed to the development of a more competitive market. For instance, in October 2023, a new interchange fee cap was proposed by the U.S. Federal Reserve for debit card issuers. The interchange charge on a USD 50 transaction, for example, would drop from 0.49% to 0.35% as a result of the adjustment. The new PSD2 2022 (EU) directives focus on increasing security and compliance checks and merging legal frameworks of electronic money to payment services as well.

Order your copy of the Payment Processing Solutions 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 payment processing solutions category is consolidated. The payments industry has seen a significant trend toward consolidation since 2020. Whether it's debit or credit cards, people/companies still utilize the Visa and MasterCard networks, but the fundamental principle of payment is volume and size. MasterCard and Visa, two of the biggest companies in the industry, have been actively seeking to acquire new and creative companies that might address the gaps in their existing offerings. With the emergence of new payment services and infrastructure, the few titans of the category are seen adopting a dual strategy - either acquiring the prevailing organizations having a good standing in the market to counteract price compression or acquiring their challengers in the emerging ecosystem. A payments company's higher size grants it the ability to regulate exchange rates and fluctuations which in turn increases the bargaining power of the suppliers. For instance,

• In September 2023, MasterCard collaborated with KredeX to enable easy digital payments for enterprises and vendors. As part of the deal, the KredeX platform will be integrated with MasterCard’s commercial card services and will have features such as price discovery, dynamic discounting, and early payment.

• In June 2023, Visa acquired Pismo, which was one of the notable deals, worth USD 1 billion. By purchasing Pismo, Visa would be able to use cloud-native APIs to provide clients with core banking and issuer processing services for debit, prepaid, credit, and business cards. Visa will use Pismo’s platform to serve its financial clients (i.e., the institutional clients) in a better way as operations will be expanded throughout Latin America, APAC, and Europe.

• In June 2023, FIS entered an extensive partnership with Visa. The former announced that its Worldpay-qualified U.K. merchants would be able to receive payments using the “Visa Instalments checkout” feature. This is the first time that a merchant acquirer can provide this specific “Visa Instalments” feature as a checkout option (FIS Worldpay being the first merchant). On the other hand, HSBC, also, for the first time, offered this premium service to its credit card consumers in the U.K. region.

The total cost can be divided into two major heads - technology and software, and service cost. Technology and software form the largest cost component and include elements such as core development, payment gateways and processing, networks and security, salaries of technology professionals and developers, repairs, upgrades, and maintenances. Under the service head, costs can include marketing, infrastructure, cost of customer acquisitions (CAC), tax, legal, overheads, administrative expenses, etc. Factors such as card networks, country issuer, and the risk involved can impact the total cost.

Processing can include interchange, assessment, or payment processor fees. Processing costs for prepaid and international cards are often higher since they carry a larger risk. For instance, Visa and MasterCard’s processing charges for credit cards can range between 1.4% to 2.6%. American Express charges between 2.5% to 3.5% to its users. For small companies, having an annual credit card limit of USD 10,000 - 250,000, the average cost of processing these payments in 2023 is between 2.87% - 4.35%. The payment processing company can have other mandatory fees such as network access, fixed acquirer network, acquirer processing, kilobyte access, and brand usage fees. Certain companies use flat rates, which incorporate all necessary fees into a single, straightforward transaction fee. This is frequently observed with online payment processors like Stripe and PayPal.

Many payment processing service providers are outsourcing parts of their software development to India, Poland, Romania, Vietnam, the Philippines, etc. The companies prefer to engage in a hybrid outsourcing model. Preventing fraud and making sure PCI DSS compliance are two crucial components of payment gateway operations. A payment gateway may be obtained in three different ways: by purchasing an off-the-shelf/ pre-made product, by building it oneself, or by outsourcing the development to a reputable payment gateway software development firm. The cost of talent varies significantly depending on the nation outsourced. For instance, salaries of software developers in India range between USD 600 - 800 on average, monthly compared to Germany or the U.K., where salaries for the same position range between USD 4,000 - 5,000 monthly. It is crucial to evaluate vendors based on compliance and cybersecurity concerns like PCI DSS compliance, EMV 3-D Secure, tokenization, and P2PE. A merchant's failure to comply with PCI DSS may result in insecure transactions, an increased risk of fraudulent chargebacks, higher payment processing fees and even account closure. 

Browse through Grand View Research’s collection of procurement intelligence studies:

• Accounting Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Corporate Treasury Management Software Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Payment Processing Solutions Procurement Intelligence Report Scope

• Payment Processing Solutions Category Growth Rate: CAGR of 14.5% from 2023 to 2030

• Pricing Growth Outlook: 2% - 4% (Annually)

• Pricing Models: Tiered pricing, flat rate pricing, and interchange-plus pricing model

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

• Supplier Selection Criteria: End-to-end solutions, recurring payments, integrations, compliance and security, virtual terminal, operational and functional capabilities, technology used, 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 

• PayPal Holdings Inc.

• PayU, Stripe, Inc.

• Adyen

• Mastercard Inc.

• Visa

• Fidelity National Information Services Inc. (FIS)

• Paysafe Limited

• ACI Worldwide Inc.

• Block Inc. (Square)

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 Manned Guarding Services Procurement Intelligence

The manned guarding services category is anticipated to witness growth at a CAGR of 13.5% from 2024 to 2030. Asia Pacific dominates the global category, followed by North America (with the fastest growth rate) and Europe. Rising standards of living, urbanization, and population are the key factors driving Asia Pacific’s growth. In addition, the region's expanding tourism industry, coupled with political and economic stability, is also propelling the category's expansion. The growing usage of technologies, such as access control systems and CCTV, is propelling the demand for the services offered in the category in North America. It has also helped companies to cut expenses while improving the safety of their employees and facilities. The demand in Europe is driven by the demand for more security at public events and venues and the growing incidence of terrorist incidents.

Based on application, the commercial buildings segment holds the largest share of revenue. The industrial buildings segment is anticipated to grow at the highest growth rate during the forecasted timeframe. Industrial facilities need round-the-clock security in addition to having enormous areas that need to be monitored to guarantee the protection of the building's assets. Commercial security entails safeguarding warehouses, office buildings, retail centers, and other establishments, both inside and outside. It encompasses all deployment types, from mobile patrols and stationary guard posts to guarded locks and alarms, monitoring, and access control networks. In addition, offering VIP security to high-profile businessmen and celebrities is also a crucial task that requires high qualifications and a high level of experience, as the tasks involve conducting visitors background checks, besides bodyguarding.

Technologies such as drones, mobile-supported security, and analytics are being highly utilized in the industry to supplement the services offered in the category. Large regions can be monitored by drones fitted with cameras and sensors, which can be operated remotely by security officers on the ground. This enables high-level security coverage of sizable events, including music festivals or athletic events. In addition, mobile devices can be particularly useful as authentication tokens in the field due to their network connectivity and ability to be updated in real time while in the field. There is no need for the security personnel to rush back to the office every time a new task is needed because they can access the system while on the go. Furthermore, the Internet of Things (IoT) and cloud connectivity are becoming essential components of physical security for buildings, assets, and people.

Order your copy of the Manned Guarding Services Procurement Intelligence Report, 2024 - 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 COVID-19 outbreak has had varied effects on the category. The pandemic affected the demand and operational processes in the security sector, including security services, it also caused difficulties and interruptions for many other businesses. Certain industries witnessed a rise in demand for security services during the pandemic. For instance, there was an increased requirement for security at vital enterprises like hospitals, supermarkets, and crucial infrastructure because of the lockdowns and restrictions in place. However, because of lockdowns, closures, and reduced activity, the need for services offered in the category fell in sectors such as hospitality, entertainment, and some commercial areas. Technology adoption in the security sector was expedited due to the pandemic. Surveillance technologies, contactless access control systems, and remote monitoring became more common in response to the desire to reduce physical contact and increase efficiency.

Manned Guarding Services Sourcing Intelligence Highlights

• The manned guarding services category exhibits a fragmented landscape, with the presence of a large number of global and regional market players having intense competition among each other.

• Buyers in the category possess high negotiating capability due to the intense competition among the suppliers, enabling the buyers with the flexibility to switch to a better alternative.

• India is one of the preferred low-cost/best-cost countries for sourcing manned guarding services suppliers. The manned security sector in the nation is known for providing high-quality services at affordable prices.

• Labor, licensing & registration, equipment & weapons, rent & utilities, uniforms, and others are the major cost components of manned guarding services. Other costs can be further bifurcated into training certification, administrative fees, weapon license renewal, office supplies, insurance, and performance bonuses.

Browse through Grand View Research’s collection of procurement intelligence studies:

• LDPE Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Industrial Gases 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 

• Allied Universal Security Services LLC

• Axis International Security Services Limited

• Corps Security (UK) Ltd.

• G4S Limited

• Guardian Protection Services Limited

• Gurkha Security Services Ltd.

• ICTS Europe S.A.

• Mitie Group plc

• Prosegur Compañía De Seguridad, S.A.

• Securitas AB

• Security and Intelligence Services Ltd.

• Transguard Group LLC

Manned Guarding Services Category Procurement Intelligence Report Scope

• Manned Guarding Services Category Growth Rate: CAGR of 13.5% from 2024 to 2030

• Pricing Growth Outlook: 5% - 10% increase (Annually)

• Pricing Models: Per-hour Pricing, competition-based pricing

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

• Supplier Selection Criteria: Geographical service provision, years in service, employee strength, industries served, revenue generated, certifications, daily escort, VIP escort, static guarding, mobile patrolling, alarm response, technology support, 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

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

Medical Waste Disposal Procurement Intelligence: Key Insights

The medical waste disposal category is anticipated to grow at a CAGR of 6.0% from 2023 to 2030. Appropriate disposal of medical trash is the key challenge for healthcare providers across the globe. Rising awareness about the benefits of proper medical waste management for treatment, recycling, and disposal of medical trash has boosted the growth of the category. According to the World Health Organization Study Report 2022, countries with low income generate over 0.2 kg of medical trash per day per hospital bed, whereas countries with high income generate hazardous waste of up to 0.5 kg per hospital bed each day. Moreover, rising government initiatives and strict rules and regulations for waste management are also expected to drive the category. For instance, in December 2022, an MOU was signed between the Center for Health Environment Research and Development and Can Tho Central General Hospital under USAID’s Reducing Pollution Project. This will unite the Vietnamese government, hospitals, communities, and the private sector to advocate for environmentally friendly procurement, utilization, and recycling of plastic medical trash.

The rising number of diagnostics, along with the expanding healthcare industry, has led to a focus on sustainable medical waste disposal techniques. The objective of sustainable management encompasses diminishing natural resource consumption by promoting reuse, recycling, and material recovery before eventual disposal, with the aim of minimizing environmental impact during waste management. This has led to the adoption of environmentally friendly treatment methods, such as waste-to-energy technologies. Additionally, advancements in technology, such as automation and digital tracking, are improving the effectiveness and efficiency of medical trash removal. The use of nanotechnology can help in reducing costs related to hazardous waste disposal and improve safety. Nanomaterials facilitate innovative biodegradation of harmful substances with minimal impact on the environment. Such advancements have also resulted in streamlining the process, ensuring compliance with regulatory requirements, and reducing errors.

The category is fragmented in nature, with numerous players competing to provide disposal services. Companies such as Daniels and Pureway are competing to provide cost-effective and scalable services, from the collection of trash to the disposal of waste and keeping the neighborhood sanitary. The suppliers in the category may have moderate bargaining power due to the specialized nature of disposal equipment and regulatory compliance requirements. The disposal service providers need to be licensed according to state regulations.

Order your copy of the Medical Waste Disposal 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

Suppliers must follow guidelines outlined by regulatory bodies such as DOT, OSHA, and CDC that ensure trash generated by healthcare facilities is safely transported and disposed. For instance, OSHA regulates safety under its Bloodborne Pathogens Standard, which requires that all employees in contact with medical trash should be trained in handling, labeling, storing, and transporting healthcare waste.

Labor, Materials (disposal containers, bags), treatment equipment, repair and maintenance, legal costs, transportation costs, and others are some of the costs incurred in collecting, treating, and disposing of pharmaceutical waste. The cost of overall service depends on the waste management company, the location of the facility, the frequency, and the volume and waste stream generated. The purchase of disposal containers can cost between USD 1,000 and USD 5,000. Autoclave machines used to sterilize waste prior to disposal can cost from USD 7,000 to USD 25,000. One of the crucial factors in providing the service is developing an efficient medical trash removal management system which can have an impact on the overall costs.

In terms of providing medical waste disposal services, service providers usually have a complete in-house team that carries out complete activities from collection to treatment and disposing of waste. For instance, Daniels possesses the finesse, licensing, and compliance expertise required to safeguard the safety, risk, and regulatory responsibilities of healthcare facilities. They oversee tasks ranging from supply of bins to pick up, manifesting, and treatment management. Buyers in the category, such as hospitals, laboratories, and other healthcare facilities, seek out service providers that provide high-volume collection, time-to-time collection services, touchless removal services, and cost-effective services. Buyers also evaluate service providers based on compliance with regulatory requirements, global reach, and reliable service.

Browse through Grand View Research’s collection of procurement intelligence studies:

• Clinical Trial Imaging Services 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, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Medical Waste Disposal Procurement Intelligence Report Scope

• Medical Waste Disposal Category Growth Rate: CAGR of 6.0% from 2023 to 2030

• Pricing growth Outlook:  6% - 7% (annual)

• Pricing Models: Volume-based pricing, waste type-based pricing, competition-based pricing

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

• Supplier selection criteria: Collection method, capacity, and frequency, technology and tools used for collection, client relationship, track record and reputation, regulatory compliance, 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 

• Daniels

• Pureway

• Republic Services

• Stericycle

• Clean Harbors

• Sharps Compliance

• Sanpro Waste

• MedPro Disposal

• Citiwaste

• Gamma Waste Systems

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

Lab Chemicals Procurement Intelligence: Industry Outlook

The lab chemicals category is expected to grow at a CAGR of 4.3% from 2023 to 2030. The rising research of chemicals in pharmaceutical, healthcare, educational institutions, and research industries is g the category’s growth. Laboratory compounds are essential in diverse scientific fields such as cytokine and chemokine testing, molecular biology, immunochemistry, carbohydrate analysis, cell/tissue culture, and biochemistry. The use of chemicals in carrying out research and development (R&D) activities in these fields is further aiding expansion.

Laboratory compounds, including bromination and cryogenic reactions, are crucial in numerous industrial processes. The demand for these chemicals is anticipated to rise significantly, driven by increased factory demand. These compounds find applications across various sectors, from national defense and healthcare to life sciences and environmental protection. The escalating use of chemical reagents in both commercial applications and research projects is poised to fuel substantial growth in the demand for lab chemicals.

The growing requirements from biotechnology sector may further contribute to this category’s growth, particularly in the DNA and protein sequencing reagents segment. However, the availability of cheaper laboratory chemicals may limit this expansion. The pharmaceutical industry's enhanced productivity, advancements in disease treatment technologies, and increased R&D investments for sustainable consumer goods are key factors fueling the growth of the laboratory chemicals category during the forecast period.

Order your copy of the Lab Chemicals 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

Demand for technologies such as data analytics, IoT, AI, and advanced manufacturing is driven by advancements in the chemical sector that prioritize digitalization, decarbonization, and automation. Innovations in chemical manufacturing include the usage of alternative energy resources, and additive technologies with extended reality supporting chemical engineers in overcoming workforce shortages and enhancing employee training. 3D printing is automating processes such as electrochemical device fabrication, digital synthesis, and the development of novel materials. Collaborative robots (cobots) assist technicians in hazardous laboratory settings, accelerating production rates. These advancements collectively drive new trends in chemical manufacturing, positioning them among the top industry trends.

Countries such as China, India, the U.S., and Germany are the major global chemical producers. These countries also continue to invest in R&D activities. For instance, in October 2023, the U.S. Department of Energy (DOE) announced a USD 40 million investment that will propel R&D and technological advancements and reduce energy and carbon footprint manufacturing in the process industries.

The major industry leaders continue making significant investments in research and development to diversify their product offerings. They engage in various strategic initiatives, such as introducing new products, forming partnerships/ collaborations, and pursuing mergers and acquisitions to enhance their industry presence. For instance, in September 2023, Avantor collaborated with Tobin Scientific to provide end-to-end services right from research lab relocation, and sample transportation, to storage services.

Lab Chemicals Sourcing Intelligence Highlights

• Lab chemicals production often requires specific raw materials, which can vary as per vendor. As a result, suppliers can have moderate bargaining power. However, there are usually multiple suppliers for basic chemicals, which reduces the dependency on a single source. As a result, the bargaining power of these basic chemical suppliers is low due to presence of many players.

• The category is highly competitive, with many established players and constant research and development activities. Companies compete based on product quality, price, innovation, and customer service. Differentiated products and specialized chemicals can create brand loyalty, but overall, the competition is intense.

• Raw materials, staff salaries, laboratory supplies, equipment and tools, and energy costs are some of the cost components in the category. Other cost considerations include repairs and maintenance, legal costs, insurance, and packaging and transportation.

• To start a business in this category, a company needs to follow regulations specified by various governing bodies. For instance, according to Occupational Safety and Health Administration (OSHA) health standards 1910.1450(a)(2), is required that specifies the limit of employee exposure to hazardous chemicals.

Browse through Grand View Research’s collection of procurement intelligence studies:

• Methanol Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Industrial Gases 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 

• Thermo Fisher Scientific

• Avantor

• Merck Group

• Thomas Scientific

• Agilent Technologies

• Perkin Elmer

• TCI America

• BD Biosciences

• AquaPhoenix Scientific

• GE Healthcare

• Bio-Rad Laboratories

Lab Chemicals Procurement Intelligence Report Scope

• Lab Chemicals Category Growth Rate: CAGR of 4.3% from 2023 to 2030

• Pricing Growth Outlook: 5% - 6% (Annually)

• Pricing Models: Volume-based pricing, cost plus pricing, value-based pricing, competition-based pricing

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

• Supplier Selection Criteria: Product range, purity, and grade, end-to-end services, 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