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Cost Saving Opportunities for the Global Government Relations Services Market: TechnavioAccording to the latest procurement intelligence report from Technavio, the global government relations services market is expected to grow at a CAGR of 7.19% over the next five years as the adoption of new technologies has led to the availability of improved services. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170529005132/en/ 
Technavio has published a new report on the global government relations services market from 2017-2021. (Graphic: Business Wire) The research report titled 'Global Government Relations Services Market: Procurement Market Intelligence Report 2017-2021' provides an in-depth analysis of category spend, best procurement practices and cost saving opportunities, aimed at helping organizations achieve superior business performance. The report also provides insights on pricing, supplier positioning, and top companies, enabling sourcing professionals to improve their competitive advantage through procurement excellence. "Growing volume of data, complicated regulatory environments, increase in use of social media, and growth of transnational companies have created the need for government relations services," says lead Technavio procurement specialist Angad Singh for category spend intelligence. "Healthcare and financial industries are expected to fuel the growth of the global government relations services market during the forecast period," adds Angad. Looking for more information on this market? Request a free sample report Technavio sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Cost saving opportunities in the global government relations services market The adoption of various cost-optimization levers helps buyers of government relations services realize direct cost savings and enhance category management and value benefits (including reduced procurement complexities). Technavio procurement experts have segmented the cost saving opportunities in the global government relations services market into the following value-enhancement opportunities:
Adoption of technology saving aspects Service providers are providing online digital tools, mobile applications, and social media tools to help businesses develop strategies to organize data, facilitate grassroots campaigns, mobilize supporters, and ensure regulatory compliance. Also, Big Data analytics is being used in data-driven communications and advocacy campaigns. View our subscription bundles to discover more cost saving opportunities: Request for demo Optimization of procurement practices saving aspects Buyers prefer to engage with suppliers that have expertise in other segments of public affairs such as third-party coalition building, issues management, grassroots outreach, crisis communication, media outreach, issues advertising, public opinion polling, and digital campaign management. Suppliers' expertise in related public affairs segments enables buyers in availing additional services when required with low switching costs and effort. Bundling of services saving aspects Buyers engage with a service provider for a select common set of PR and communication practices to ensure that it can get a bundled set of services at discounted rates, saving up to 12% of the total bundled spend. Service providers are bundling together offerings such as policy advocacy, public engagement, and stakeholder engagement to expand their consumer base. Browse other reports:
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they're published in addition to all 6,000+ existing reports covering segments. This subscription nets you thousands in savings, while staying connected to Technavio's constant transforming research library, helping you make informed business decisions more efficiently. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
View source version on businesswire.com: http://www.businesswire.com/news/home/20170529005132/en/ |
