COST REDUCTION SERVICES MARKET ANALYSIS

Cost Reduction Services Market, By Service Type (Strategic Sourcing and Procurement Optimization, Process Efficiency and Optimization, Technology and IT Cost Optimization, Energy and Resource Management, Outsourcing and Vendor Management), By Industry Vertical (Healthcare, Manufacturing, Retail and Consumer Goods, Financial Services, Information Technology, Energy and Utilities, Government and Public Sector), By Enterprise Size (Small and Medium-sized Enterprises (SMEs), Large Enterprises), By Deployment Model (On-Premises, Cloud-based), By End User (Private Sector, Public Sector), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Global Cost Reduction Services Market- Recent Developments

New Product Launches

Accentureis an Irish-American professional services company based in Dublin, specializing in information technology services and consulting.launched its "cost reduction as a service" offering in 2022. This offering provides organizations with a comprehensive suite of cost reduction services, including process improvement, procurement, and outsourcing.
IBM, the International Business Machines Corporation, nicknamed Big Blue, is an American multinational technology corporation headquartered in Armonk, launched its "cost reduction accelerator" offering in 2022. This offering helps organizations to identify and implement cost reduction opportunities quickly and efficiently.
Capgemini, SE is a French multinational information technology services and consulting company, headquartered in Paris, France, launched its "cost reduction excellence" offering in 2022. This offering provides organizations with a holistic approach to cost reduction, covering all aspects of the organization, from strategy to execution.

Acquisition and Partnerships

In 2022, Capgemini SE is a French multinational information technology services and consulting company, headquartered in Paris, France, launched its "cost reduction excellence" offering in 2022 acquired Sogeti, is a Technology Division of Capgemini. Sogeti is specializing in local professional services, with offices in Issy-Les-Moulineaux, employing around 20,000 people in 13 countries. a provider of IT consulting and outsourcing services. This acquisition helped Capgemini to expand its IT consulting and outsourcing services offerings, which can help organizations to reduce costs and improve efficiency.
In 2022, Wipro, is an Indian multinational corporation that provides information technology, consultant and business process services acquired Infocrossing, a provider of cloud-based IT infrastructure and application services. This acquisition helped Wipro to expand its cloud-based IT infrastructure and application services offerings.
In 2022, TCS, is an Indian multinational information technology services and consulting company headquartered in Mumbai acquired Syntel, a provider of IT consulting and outsourcing services.