Global Procurement Outsourcing Market 2020 by Company, Regions, Type and Application, Forecast to 2025

Region:Global

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Product Code:GIR116450

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Published on

January 2020

Total pages

103

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About the Report

About the Report

Summary

Market Overview

The global Procurement Outsourcing market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 11.2% in the forecast period of 2020 to 2025 and will expected to reach USD 5598.6 million by 2025, from USD 3661.9 million in 2019.

The Procurement Outsourcing market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.

Market segmentation

Procurement Outsourcing market is split by Type and by Application. For the period 2015-2025, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

By Type, Procurement Outsourcing market has been segmented into Direct Procurement, Indirect Procurement, etc.

By Application, Procurement Outsourcing has been segmented into CPG and Retail, BFSI Sector, etc.

Regions and Countries Level Analysis

Regional analysis is another highly comprehensive part of the research and analysis study of the global Procurement Outsourcing market presented in the report. This section sheds light on the sales growth of different regional and country-level Procurement Outsourcing markets. For the historical and forecast period 2015 to 2025, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global Procurement Outsourcing market.

The report offers in-depth assessment of the growth and other aspects of the Procurement Outsourcing market in important countries (regions), including United States, Canada, Mexico, Germany, France, United Kingdom, Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil and Saudi Arabia, etc. It also throws light on the progress of key regional Procurement Outsourcing markets such as North America, Europe, Asia-Pacific, South America and Middle East & Africa.

Competitive Landscape and Procurement Outsourcing Market Share Analysis

Procurement Outsourcing competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, Procurement Outsourcing sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch. For the period 2015-2020, this study provides the Procurement Outsourcing sales, revenue and market share for each player covered in this report.

The major players covered in Procurement Outsourcing are: IBM, Xchanging, Infosys, Accenture, TCS, GEP, Genpact, Capgemini, WNS, etc. Among other players domestic and global, Procurement Outsourcing market share data is available for global, North America, Europe, Asia-Pacific, Middle East & Africa and South America separately. Global Info Research analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Products

Table of Contents

Table of Contents

Table of Contents

1 Procurement Outsourcing Market Overview

1.1 Product Overview and Scope of Procurement Outsourcing

1.2 Classification of Procurement Outsourcing by Type

1.2.1 Global Procurement Outsourcing Revenue by Type: 2015 VS 2019 VS 2025

1.2.2 Global Procurement Outsourcing Revenue Market Share by Type in 2019

1.2.3 Direct Procurement

1.2.4 Indirect Procurement

1.3 Global Procurement Outsourcing Market by Application

1.3.1 Overview: Global Procurement Outsourcing Revenue by Application: 2015 VS 2019 VS 2025

1.3.2 CPG and Retail

1.3.3 BFSI Sector

1.4 Global Procurement Outsourcing Market by Regions

1.4.1 Global Procurement Outsourcing Market Size by Regions: 2015 VS 2019 VS 2025

1.4.2 Global Market Size of Procurement Outsourcing (2015-2025)

1.4.3 North America (USA, Canada and Mexico) Procurement Outsourcing Status and Prospect (2015-2025)

1.4.4 Europe (Germany, France, UK, Russia and Italy) Procurement Outsourcing Status and Prospect (2015-2025)

1.4.5 Asia-Pacific (China, Japan, Korea, India and Southeast Asia) Procurement Outsourcing Status and Prospect (2015-2025)

1.4.6 South America (Brazil, Argentina, Colombia) Procurement Outsourcing Status and Prospect (2015-2025)

1.4.7 Middle East & Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) Procurement Outsourcing Status and Prospect (2015-2025)

2 Company Profiles

2.1 IBM

2.1.1 IBM Details

2.1.2 IBM Major Business and Total Revenue (Financial Highlights) Analysis

2.1.3 IBM SWOT Analysis

2.1.4 IBM Product and Services

2.1.5 IBM Procurement Outsourcing Revenue, Gross Margin and Market Share (2018-2019)

2.2 Xchanging

2.2.1 Xchanging Details

2.2.2 Xchanging Major Business and Total Revenue (Financial Highlights) Analysis

2.2.3 Xchanging SWOT Analysis

2.2.4 Xchanging Product and Services

2.2.5 Xchanging Procurement Outsourcing Revenue, Gross Margin and Market Share (2018-2019)

2.3 Infosys

2.3.1 Infosys Details

2.3.2 Infosys Major Business and Total Revenue (Financial Highlights) Analysis

2.3.3 Infosys SWOT Analysis

2.3.4 Infosys Product and Services

2.3.5 Infosys Procurement Outsourcing Revenue, Gross Margin and Market Share (2018-2019)

2.4 Accenture

2.4.1 Accenture Details

2.4.2 Accenture Major Business and Total Revenue (Financial Highlights) Analysis

2.4.3 Accenture SWOT Analysis

2.4.4 Accenture Product and Services

2.4.5 Accenture Procurement Outsourcing Revenue, Gross Margin and Market Share (2018-2019)

2.5 TCS

2.5.1 TCS Details

2.5.2 TCS Major Business and Total Revenue (Financial Highlights) Analysis

2.5.3 TCS SWOT Analysis

2.5.4 TCS Product and Services

2.5.5 TCS Procurement Outsourcing Revenue, Gross Margin and Market Share (2018-2019)

2.6 GEP

2.6.1 GEP Details

2.6.2 GEP Major Business and Total Revenue (Financial Highlights) Analysis

2.6.3 GEP SWOT Analysis

2.6.4 GEP Product and Services

2.6.5 GEP Procurement Outsourcing Revenue, Gross Margin and Market Share (2018-2019)

2.7 Genpact

2.7.1 Genpact Details

2.7.2 Genpact Major Business and Total Revenue (Financial Highlights) Analysis

2.7.3 Genpact SWOT Analysis

2.7.4 Genpact Product and Services

2.7.5 Genpact Procurement Outsourcing Revenue, Gross Margin and Market Share (2018-2019)

2.8 Capgemini

2.8.1 Capgemini Details

2.8.2 Capgemini Major Business and Total Revenue (Financial Highlights) Analysis

2.8.3 Capgemini SWOT Analysis

2.8.4 Capgemini Product and Services

2.8.5 Capgemini Procurement Outsourcing Revenue, Gross Margin and Market Share (2018-2019)

2.9 WNS

2.9.1 WNS Details

2.9.2 WNS Major Business and Total Revenue (Financial Highlights) Analysis

2.9.3 WNS SWOT Analysis

2.9.4 WNS Product and Services

2.9.5 WNS Procurement Outsourcing Revenue, Gross Margin and Market Share (2018-2019)

3 Market Competition, by Players

3.1 Global Procurement Outsourcing Revenue and Share by Players (2015-2020)

3.2 Market Concentration Rate

3.2.1 Top 5 Procurement Outsourcing Players Market Share

3.2.2 Top 10 Procurement Outsourcing Players Market Share

3.3 Market Competition Trend

4 Market Size by Regions

4.1 Global Procurement Outsourcing Revenue and Market Share by Regions

4.2 North America Procurement Outsourcing Revenue and Growth Rate (2015-2020)

4.3 Europe Procurement Outsourcing Revenue and Growth Rate (2015-2020)

4.4 Asia-Pacific Procurement Outsourcing Revenue and Growth Rate (2015-2020)

4.5 South America Procurement Outsourcing Revenue and Growth Rate (2015-2020)

4.6 Middle East & Africa Procurement Outsourcing Revenue and Growth Rate (2015-2020)

5 North America Procurement Outsourcing Revenue by Countries

5.1 North America Procurement Outsourcing Revenue by Countries (2015-2020)

5.2 USA Procurement Outsourcing Revenue and Growth Rate (2015-2020)

5.3 Canada Procurement Outsourcing Revenue and Growth Rate (2015-2020)

5.4 Mexico Procurement Outsourcing Revenue and Growth Rate (2015-2020)

6 Europe Procurement Outsourcing Revenue by Countries

6.1 Europe Procurement Outsourcing Revenue by Countries (2015-2020)

6.2 Germany Procurement Outsourcing Revenue and Growth Rate (2015-2020)

6.3 UK Procurement Outsourcing Revenue and Growth Rate (2015-2020)

6.4 France Procurement Outsourcing Revenue and Growth Rate (2015-2020)

6.5 Russia Procurement Outsourcing Revenue and Growth Rate (2015-2020)

6.6 Italy Procurement Outsourcing Revenue and Growth Rate (2015-2020)

7 Asia-Pacific Procurement Outsourcing Revenue by Countries

7.1 Asia-Pacific Procurement Outsourcing Revenue by Countries (2015-2020)

7.2 China Procurement Outsourcing Revenue and Growth Rate (2015-2020)

7.3 Japan Procurement Outsourcing Revenue and Growth Rate (2015-2020)

7.4 Korea Procurement Outsourcing Revenue and Growth Rate (2015-2020)

7.5 India Procurement Outsourcing Revenue and Growth Rate (2015-2020)

7.6 Southeast Asia Procurement Outsourcing Revenue and Growth Rate (2015-2020)

8 South America Procurement Outsourcing Revenue by Countries

8.1 South America Procurement Outsourcing Revenue by Countries (2015-2020)

8.2 Brazil Procurement Outsourcing Revenue and Growth Rate (2015-2020)

8.3 Argentina Procurement Outsourcing Revenue and Growth Rate (2015-2020)

9 Middle East & Africa Revenue Procurement Outsourcing by Countries

9.1 Middle East & Africa Procurement Outsourcing Revenue by Countries (2015-2020)

9.2 Saudi Arabia Procurement Outsourcing Revenue and Growth Rate (2015-2020)

9.3 UAE Procurement Outsourcing Revenue and Growth Rate (2015-2020)

9.4 Egypt Procurement Outsourcing Revenue and Growth Rate (2015-2020)

9.5 South Africa Procurement Outsourcing Revenue and Growth Rate (2015-2020)

10 Market Size Segment by Type

10.1 Global Procurement Outsourcing Revenue and Market Share by Type (2015-2020)

10.2 Global Procurement Outsourcing Market Forecast by Type (2019-2024)

10.3 Direct Procurement Revenue Growth Rate (2015-2025)

10.4 Indirect Procurement Revenue Growth Rate (2015-2025)

11 Global Procurement Outsourcing Market Segment by Application

11.1 Global Procurement Outsourcing Revenue Market Share by Application (2015-2020)

11.2 Procurement Outsourcing Market Forecast by Application (2019-2024)

11.3 CPG and Retail Revenue Growth (2015-2020)

11.4 BFSI Sector Revenue Growth (2015-2020)

12 Global Procurement Outsourcing Market Size Forecast (2021-2025)

12.1 Global Procurement Outsourcing Market Size Forecast (2021-2025)

12.2 Global Procurement Outsourcing Market Forecast by Regions (2021-2025)

12.3 North America Procurement Outsourcing Revenue Market Forecast (2021-2025)

12.4 Europe Procurement Outsourcing Revenue Market Forecast (2021-2025)

12.5 Asia-Pacific Procurement Outsourcing Revenue Market Forecast (2021-2025)

12.6 South America Procurement Outsourcing Revenue Market Forecast (2021-2025)

12.7 Middle East & Africa Procurement Outsourcing Revenue Market Forecast (2021-2025)

13 Research Findings and Conclusion

14 Appendix

14.1 Methodology

14.2 Data Source

14.3 Disclaimer

14.4 About US


List of Figure

List of Tables

Table 1. Global Procurement Outsourcing Revenue (USD Million) by Type: 2015 VS 2019 VS 2025

Table 2. Breakdown of Procurement Outsourcing by Company Type (Tier 1, Tier 2 and Tier 3)

Table 3. Global Procurement Outsourcing Revenue (USD Million) by Application: 2015 VS 2019 VS 2025

Table 4. Global Market Procurement Outsourcing Revenue (Million USD) Comparison by Regions 2015-2025

Table 5. IBM Corporate Information, Location and Competitors

Table 6. IBM Procurement Outsourcing Major Business

Table 7. IBM Procurement Outsourcing Total Revenue (USD Million) (2017-2018)

Table 8. IBM SWOT Analysis

Table 9. IBM Procurement Outsourcing Product and Solutions

Table 10. IBM Procurement Outsourcing Revenue (USD Million), Gross Margin and Market Share (2018-2019)

Table 11. Xchanging Corporate Information, Location and Competitors

Table 12. Xchanging Procurement Outsourcing Major Business

Table 13. Xchanging Procurement Outsourcing Total Revenue (USD Million) (2018-2019)

Table 14. Xchanging SWOT Analysis

Table 15. Xchanging Procurement Outsourcing Product and Solutions

Table 16. Xchanging Procurement Outsourcing Revenue (USD Million), Gross Margin and Market Share (2018-2019)

Table 17. Infosys Corporate Information, Location and Competitors

Table 18. Infosys Procurement Outsourcing Major Business

Table 19. Infosys Procurement Outsourcing Total Revenue (USD Million) (2017-2018)

Table 20. Infosys SWOT Analysis

Table 21. Infosys Procurement Outsourcing Product and Solutions

Table 22. Infosys Procurement Outsourcing Revenue (USD Million), Gross Margin and Market Share (2018-2019)

Table 23. Accenture Corporate Information, Location and Competitors

Table 24. Accenture Procurement Outsourcing Major Business

Table 25. Accenture Procurement Outsourcing Total Revenue (USD Million) (2017-2018)

Table 26. Accenture SWOT Analysis

Table 27. Accenture Procurement Outsourcing Product and Solutions

Table 28. Accenture Procurement Outsourcing Revenue (USD Million), Gross Margin and Market Share (2018-2019)

Table 29. TCS Corporate Information, Location and Competitors

Table 30. TCS Procurement Outsourcing Major Business

Table 31. TCS Procurement Outsourcing Total Revenue (USD Million) (2017-2018)

Table 32. TCS SWOT Analysis

Table 33. TCS Procurement Outsourcing Product and Solutions

Table 34. TCS Procurement Outsourcing Revenue (USD Million), Gross Margin and Market Share (2018-2019)

Table 35. GEP Corporate Information, Location and Competitors

Table 36. GEP Procurement Outsourcing Major Business

Table 37. GEP Procurement Outsourcing Total Revenue (USD Million) (2017-2018)

Table 38. GEP SWOT Analysis

Table 39. GEP Procurement Outsourcing Product and Solutions

Table 40. GEP Procurement Outsourcing Revenue (USD Million), Gross Margin and Market Share (2018-2019)

Table 41. Genpact Corporate Information, Location and Competitors

Table 42. Genpact Procurement Outsourcing Major Business

Table 43. Genpact Procurement Outsourcing Total Revenue (USD Million) (2017-2018)

Table 44. Genpact SWOT Analysis

Table 45. Genpact Procurement Outsourcing Product and Solutions

Table 46. Genpact Procurement Outsourcing Revenue (USD Million), Gross Margin and Market Share (2018-2019)

Table 47. Capgemini Corporate Information, Location and Competitors

Table 48. Capgemini Procurement Outsourcing Major Business

Table 49. Capgemini Procurement Outsourcing Total Revenue (USD Million) (2017-2018)

Table 50. Capgemini SWOT Analysis

Table 51. Capgemini Procurement Outsourcing Product and Solutions

Table 52. Capgemini Procurement Outsourcing Revenue (USD Million), Gross Margin and Market Share (2018-2019)

Table 53. WNS Corporate Information, Location and Competitors

Table 54. WNS Procurement Outsourcing Major Business

Table 55. WNS Procurement Outsourcing Total Revenue (USD Million) (2017-2018)

Table 56. WNS SWOT Analysis

Table 57. WNS Procurement Outsourcing Product and Solutions

Table 58. WNS Procurement Outsourcing Revenue (USD Million), Gross Margin and Market Share (2018-2019)

Table 59. Global Procurement Outsourcing Revenue (Million USD) by Players (2015-2020)

Table 60. Global Procurement Outsourcing Revenue Share by Players (2015-2020)

Table 61. Global Procurement Outsourcing Revenue (Million USD) by Regions (2015-2020)

Table 62. Global Procurement Outsourcing Revenue Market Share by Regions (2015-2020)

Table 63. North America Procurement Outsourcing Revenue by Countries (2015-2020)

Table 64. North America Procurement Outsourcing Revenue Market Share by Countries (2015-2020)

Table 65. Europe Procurement Outsourcing Revenue (Million USD) by Countries (2015-2020)

Table 66. Asia-Pacific Procurement Outsourcing Revenue (Million USD) by Countries (2015-2020)

Table 67. South America Procurement Outsourcing Revenue by Countries (2015-2020)

Table 68. South America Procurement Outsourcing Revenue Market Share by Countries (2015-2020)

Table 69. Middle East and Africa Procurement Outsourcing Revenue (Million USD) by Countries (2015-2020)

Table 70. Middle East and Africa Procurement Outsourcing Revenue Market Share by Countries (2015-2020)

Table 71. Global Procurement Outsourcing Revenue (Million USD) by Type (2015-2020)

Table 72. Global Procurement Outsourcing Revenue Share by Type (2015-2020)

Table 73. Global Procurement Outsourcing Revenue Forecast by Type (2021-2025)

Table 74. Global Procurement Outsourcing Revenue by Application (2015-2020)

Table 75. Global Procurement Outsourcing Revenue Share by Application (2015-2020)

Table 76. Global Procurement Outsourcing Revenue Forecast by Application (2021-2025)

Table 77. Global Procurement Outsourcing Revenue (Million USD) Forecast by Regions (2021-2025)

List of Figures

Figure 1. Procurement Outsourcing Picture

Figure 2. Global Procurement Outsourcing Revenue Market Share by Type in 2019

Figure 3. Direct Procurement Picture

Figure 4. Indirect Procurement Picture

Figure 5. Procurement Outsourcing Revenue Market Share by Application in 2019

Figure 6. CPG and Retail Picture

Figure 7. BFSI Sector Picture

Figure 8. Global Procurement Outsourcing Revenue (USD Million) and Growth Rate (2015-2025)

Figure 9. North America Procurement Outsourcing Revenue (Million USD) and Growth Rate (2015-2025)

Figure 10. Europe Procurement Outsourcing Revenue (Million USD) and Growth Rate (2015-2025)

Figure 11. Asia-Pacific Procurement Outsourcing Revenue (Million USD) and Growth Rate (2015-2025)

Figure 12. South America Procurement Outsourcing Revenue (Million USD) and Growth Rate (2015-2025)

Figure 13. Middle East and Africa Procurement Outsourcing Revenue (Million USD) and Growth Rate (2015-2025)

Figure 14. Global Procurement Outsourcing Revenue (Million USD) and Growth Rate (2015-2025)

Figure 15. Global Procurement Outsourcing Revenue Share by Players in 2019

Figure 16. Global Top 5 Players Procurement Outsourcing Revenue Market Share in 2019

Figure 17. Global Top 10 Players Procurement Outsourcing Revenue Market Share in 2019

Figure 18. Key Players Market Share Trend

Figure 19. Global Procurement Outsourcing Revenue (Million USD) and Growth Rate (%) (2015-2020)

Figure 20. Global Procurement Outsourcing Revenue Market Share by Regions (2015-2020)

Figure 21. Global Procurement Outsourcing Revenue Market Share by Regions in 2018

Figure 22. North America Procurement Outsourcing Revenue and Growth Rate (2015-2020)

Figure 23. Europe Procurement Outsourcing Revenue and Growth Rate (2015-2020)

Figure 24. Asia-Pacific Procurement Outsourcing Revenue and Growth Rate (2015-2020)

Figure 25. South America Procurement Outsourcing Revenue and Growth Rate (2015-2020)

Figure 26. Middle East and Africa Procurement Outsourcing Revenue and Growth Rate (2015-2020)

Figure 27. North America Procurement Outsourcing Revenue Market Share by Countries (2015-2020)

Figure 28. North America Procurement Outsourcing Revenue Market Share by Countries in 2019

Figure 29. USA Procurement Outsourcing Revenue and Growth Rate (2015-2020)

Figure 30. Canada Procurement Outsourcing Revenue and Growth Rate (2015-2020)

Figure 31. Mexico Procurement Outsourcing Revenue and Growth Rate (2015-2020)

Figure 32. Europe Procurement Outsourcing Revenue Market Share by Countries (2015-2020)

Figure 33. Europe Procurement Outsourcing Revenue Market Share by Countries in 2019

Figure 34. Germany Procurement Outsourcing Revenue and Growth Rate (2015-2020)

Figure 35. UK Procurement Outsourcing Revenue and Growth Rate (2015-2020)

Figure 36. France Procurement Outsourcing Revenue and Growth Rate (2015-2020)

Figure 37. Russia Procurement Outsourcing Revenue and Growth Rate (2015-2020)

Figure 38. Italy Procurement Outsourcing Revenue and Growth Rate (2015-2020)

Figure 39. Asia-Pacific Procurement Outsourcing Revenue Market Share by Countries (2015-2020)

Figure 40. Asia-Pacific Procurement Outsourcing Revenue Market Share by Countries in 2019

Figure 41. China Procurement Outsourcing Revenue and Growth Rate (2015-2020)

Figure 42. Japan Procurement Outsourcing Revenue and Growth Rate (2015-2020)

Figure 43. Korea Procurement Outsourcing Revenue and Growth Rate (2015-2020)

Figure 44. India Procurement Outsourcing Revenue and Growth Rate (2015-2020)

Figure 45. Southeast Asia Procurement Outsourcing Revenue and Growth Rate (2015-2020)

Figure 46. South America Procurement Outsourcing Revenue Market Share by Countries (2015-2020)

Figure 47. South America Procurement Outsourcing Revenue Market Share by Countries in 2019

Figure 48. Brazil Procurement Outsourcing Revenue and Growth Rate (2015-2020)

Figure 49. Argentina Procurement Outsourcing Revenue and Growth Rate (2015-2020)

Figure 50. Middle East and Africa Procurement Outsourcing Revenue Market Share by Countries (2015-2020)

Figure 51. Middle East and Africa Procurement Outsourcing Revenue Market Share by Countries in 2019

Figure 52. Saudi Arabia Procurement Outsourcing Revenue and Growth Rate (2015-2020)

Figure 53. UAE Procurement Outsourcing Revenue and Growth Rate (2015-2020)

Figure 54. Egypt Procurement Outsourcing Revenue and Growth Rate (2015-2020)

Figure 55. South Africa Procurement Outsourcing Revenue and Growth Rate (2015-2020)

Figure 56. Global Procurement Outsourcing Revenue Share by Type (2015-2020)

Figure 57. Global Procurement Outsourcing Revenue Share by Type in 2019

Figure 58. Global Procurement Outsourcing Market Share Forecast by Type (2021-2025)

Figure 59. Global Direct Procurement Revenue Growth Rate (2015-2020)

Figure 60. Global Indirect Procurement Revenue Growth Rate (2015-2020)

Figure 61. Global Procurement Outsourcing Revenue Share by Application (2015-2020)

Figure 62. Global Procurement Outsourcing Revenue Share by Application in 2019

Figure 63. Global Procurement Outsourcing Market Share Forecast by Application (2021-2025)

Figure 64. Global CPG and Retail Revenue Growth Rate (2015-2020)

Figure 65. Global BFSI Sector Revenue Growth Rate (2015-2020)

Figure 66. Global Procurement Outsourcing Revenue (Million USD) and Growth Rate Forecast (2021-2025)

Figure 67. Global Procurement Outsourcing Revenue (Million USD) Forecast by Regions (2021-2025)

Figure 68. Global Procurement Outsourcing Revenue Market Share Forecast by Regions (2021-2025)

Figure 69. North America Procurement Outsourcing Revenue Market Forecast (2021-2025)

Figure 70. Europe Procurement Outsourcing Revenue Market Forecast (2021-2025)

Figure 71. Asia-Pacific Procurement Outsourcing Revenue Market Forecast (2021-2025)

Figure 72. South America Procurement Outsourcing Revenue Market Forecast (2021-2025)

Figure 73. Middle East and Africa Procurement Outsourcing Revenue Market Forecast (2021-2025)

Figure 74. Sales Channel: Direct Channel vs Indirect Channel

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