Organization and Change Management Consulting Market Procurement Intelligence Report | Increase in Supplier OPEX to Impact Procurement Spend
LONDON--(BUSINESS WIRE)--Nov 25, 2019--
SpendEdge has been monitoring the global organization and change management consulting market and it is poised to experience spend growth of more than USD 1 billion between 2017-2022 at a CAGR of over 13% during the forecast period. Request Free Sample Pages.
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SpendEdge, a global procurement market intelligence firm, has announced the release of its Global Organization and Change Management Consulting Market Procurement Intelligence Report (Graphic: Business Wire)
Read the 108-page research report with TOC and LOE on “The Global Organization and Change Management Consulting Market – Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, and insights into best practices to optimize procurement spend.”
Technological strides are heralding massive structural changes in the IT and telecom sectors. Such changes are triggering frequent system upgrades. However, such changes entail risks of losing resources and operational downtimes during instances of deviations in the implementations of the changes. These deviations are necessitating the usage of change management consulting services such as the transitional change solutions segment to effectively monitor, audit, plan, and implement the change initiatives. Implementing cloud-based solutions are known to facilitate a cost-effective process of tracking and managing IT updates, maintain an auditable trail to meet compliance requirements and to plan further change initiatives. These factors will have a cumulative effort in driving the demand growth in the organization and change management consulting market.
Accounting for the largest spend share in the organization and change management consulting market, North America exhibits a high potential for change management projects in the coming years. Such projects will support the implementation of cyber-physical systems to comply with the increasingly stringent AS9100 quality standards. North America is closely followed by the European Union and APAC, who hold the second and the third-largest spend share respectively.
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Insights into the market pricing trends
What are the strategies to adopt to optimize procurement spend in this market?
In the organization and change management consulting market, one of the highly recommended procurement best practices for buyers is to implement data analytics tools for the spend data stored centrally in a data management system. Such practices coupled with a thorough price benchmarking will leave no scopes for the consultants to inflate prices in the future.
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PUB: 11/25/2019 12:00 PM/DISC: 11/25/2019 12:01 PM