The order fulfillment category is anticipated to grow at a CAGR of 10% from 2023 to 2030. Trends such as fulfillment center automation, personalization, sustainability, and Omni channel fulfillment are driving the growth of the category. 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. 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. Under sourcing intelligence, buyers also outsource their entire fulfillment service right from picking, packing, storing, labelling, and shipping of the product.

The lab chemicals category is expected to grow at a CAGR of 4. The rising research of chemicals in pharmaceutical, healthcare, educational institutions, and research industries is g the category’s growth. The use of chemicals in carrying out research and development (R&D) activities in these fields is further aiding expansion. 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. Lab Chemicals Sourcing Intelligence Highlights• Lab chemicals production often requires specific raw materials, which can vary as per vendor.

The vitamins & dietary supplements category is anticipated to witness growth at a CAGR of 8. For instance, nanoencapsulation provides various benefits such as improving the stability and solubility of bioactive compounds used in the manufacturing of vitamins and dietary supplements. The COVID-19 pandemic caused significant disruption in the global vitamins and dietary supplements industry. • Raw materials, labor, technology and equipment, energy and utilities, packaging, labeling, and logistics, and other costs are the major cost components of the vitamins & dietary supplements category. Other costs can be further bifurcated into R&D, regulatory & compliance, rent, general & administrative, sales & marketing, and finance & taxes.

The finance and accounting outsourcing category is expected to grow at a CAGR of 6% from 2023 to 2030. The growing trend of remote work and digital collaboration has increased the market scope of BPO services for finance and accounting. • The average cost of outsourcing one of the finance and accounting services, i. • The global finance and accounting outsourcing category is fragmented. The industry encompasses a wide range of services, including accounting and bookkeeping, payroll processing, tax return preparation, auditing, and many more.

The patient engagement solutions category is anticipated to witness growth at a CAGR of 17. Therefore, these end-users are the ones who use patient engagement solutions the most. • India is the preferred low-cost/best-cost country for sourcing patient engagement solutions suppliers. • License cost/subscription fee, personnel, maintenance & upgradation, training & certification costs, and support constitute the total cost of ownership for patient engagement solutions category. • Oracle Corporation (Oracle Cerner)• Orion Health Group Limited• PatientPoint Network Solutions, LLC• Veradigm LLC• Vivify Health, Inc.

The metal finishing category is anticipated to grow at a CAGR of 4. The process of applying a metal coating to the metallic component’s surface, usually known as a substrate, is referred to as metal finishing. A few major types of metal finishing are abrasive blasting, powder coating, electroplating, passivation, electropolishing, buff polishing, hot blackening, etc. Electroplating, or the process of placing metal ions on a substrate using an electric current, is an integral aspect of metal finishing. Suppliers' adherence to standards such as OSHA, US EPA, metal finishing effluent guidelines like 40 CFR Part 433, REACH compliance, etc.

The automotive sensors category is expected to grow at a CAGR of 9. This sector is highly relevant to clients in procurement, as sensors are a critical component of modern vehicles. It involves conducting thorough research and due diligence to identify the most suitable suppliers and negotiating favourable pricing and terms. Due to improvements in manufacturing technology and economies of scale, the cost of making automobile sensors has considerably lowered over time. The automotive sensors category is highly fragmented.

The phosphate category is anticipated to grow at a CAGR of 3. According to MIT News 2023, around 95% of the phosphate ore is utilized to make fertilizers. Order your copy of the Phosphate 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 analysisPhosphate miners are also focusing on acquiring stakes in end-use companies to diversify their phosphate solutions. After mining, phosphate rock must be processed to produce phosphate compounds suitable for use in various applications, such as fertilizers or industrial chemicals. Browse through Grand View Research’s collection of procurement intelligence studies:• Polyurethane Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)• Hydrochloric Acid Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)Phosphate Procurement Intelligence Report Scope• Phosphate Category Growth Rate: CAGR of 3.

The payment processing solutions category is anticipated to grow at a CAGR of 14. The major types of payment processing solutions include credit/debit cards, e-wallets, QR codes, and bank transfers. 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 analysisThe payment processing solutions category is consolidated. The payment processing company can have other mandatory fees such as network access, fixed acquirer network, acquirer processing, kilobyte access, and brand usage fees. Many payment processing service providers are outsourcing parts of their software development to India, Poland, Romania, Vietnam, the Philippines, etc.

The household cleaners contract manufacturing category is anticipated to witness growth at a CAGR of 11. These technologies are used by the household cleaner contract manufacturing service providers to produce better goods and services and gain a competitive advantage. • India is the preferred low-cost/best cost country for sourcing household cleaners contract manufacturing service providers. • Raw materials, labor, equipment & machinery, rent & utilities, packaging & transportation, and other costs are the key cost components in the household cleaners contract manufacturing category. • Premier Care Industries• Rockline IndustriesHousehold Cleaners Contract Manufacturing Category Procurement Intelligence Report Scope• Household Cleaners Contract Manufacturing Category Growth Rate: CAGR of 11.

The creative advertising category is expected to grow at a CAGR of 9% from 2023 to 2030. The global creative advertising category size was valued at USD 321 billion in 2022. This makes it easier for firms to recognize and invest in creative advertising. Virtual reality (VR) and augmented reality (AR) are used to produce more engaging and memorable immersive creative advertising experiences. • Labor cost, production cost, and equipment cost account for the largest cost component of the creative advertising business.

The connected devices and wearables category is expected to grow at a CAGR of 14. The increasing consumer expenditure on personal care, as well as the growing acceptance of wearable technology, are driving category growth. The integration of technologies such as Augmented Reality (AR) and Virtual Reality (VR) into these devices provides users with immersive learning experiences. • In June 2022, to enter the smart wearable industry, Mensa Brands, an e-commerce company, acquired the wearables manufacturer, Pebble. Browse through Grand View Research’s collection of procurement intelligence studies:• Patient Engagement Solutions Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)• Clinical Research Organizations Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)Connected Devices and Wearables Procurement Intelligence Report Scope• Connected Devices and Wearables Category Growth Rate: CAGR of 14.

The medical waste disposal category is anticipated to grow at a CAGR of 6. 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. The rising number of diagnostics, along with the expanding healthcare industry, has led to a focus on sustainable medical waste disposal techniques. The use of nanotechnology can help in reducing costs related to hazardous waste disposal and improve safety. 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.

The global medical writing category is anticipated to grow at a CAGR of 10. Automating the development of regulatory papers with natural language processing (NLP) is one of the most promising uses of AI in medical writing. In addition, collaboration technologies have become necessary for medical writers to collaborate with one another efficiently with the advent of remote work and virtual teams. The hourly prices for medical writing might range from USD 29. North America region dominates the global medical writing category, holding 35.

The recycled glass category is anticipated to grow at a CAGR of 6. Around 95% of the raw materials can be substituted with recycled glass while producing glass. The rising focus on sustainability across various sectors to reduce environmental impact and carbon footprint is fueling the demand for recycled glass products. For instance, in May 2022 Coca Cola UNITED partnered with O-I Glass to use more recycled glass for creating new glass bottles. • Momentum Recycling• Ripple Glass• Reiling Group• Ace Glass Recycling, GRL.

The connected devices and wearables category is expected to grow at a CAGR of 14. The increasing consumer expenditure on personal care, as well as the growing acceptance of wearable technology, are driving category growth. The integration of technologies such as Augmented Reality (AR) and Virtual Reality (VR) into these devices provides users with immersive learning experiences. • In June 2022, to enter the smart wearable industry, Mensa Brands, an e-commerce company, acquired the wearables manufacturer, Pebble. Browse through Grand View Research’s collection of procurement intelligence studies:• Patient Engagement Solutions Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)• Clinical Research Organizations Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)Connected Devices and Wearables Procurement Intelligence Report Scope• Connected Devices and Wearables Category Growth Rate: CAGR of 14.