Global Expansion Opportunity Markit's recent expansion to Morocco and operations across 44 countries indicate a strong upward growth trajectory and increased international reach, presenting opportunities to introduce localized procurement solutions and scalable support services to their expanding client base.

Sustainability Initiative The launch of the Last Mile Distance Calculator reflects Markit's commitment to reducing environmental impact, suggesting potential for upselling eco-friendly and sustainable hardware procurement options to clients focused on green initiatives.

Cost Savings Focus With clients saving an average of over 10 percent on IT purchases through Markit’s marketplace, there's a clear demand for cost optimization tools, creating opportunities for advanced analytics, bulk purchasing solutions, and suppliers offering competitive pricing.

Technological Sophistication Utilizing robust tech stacks like NoSQL and JavaScript alongside their online marketplace indicates a modern, scalable platform that can incorporate additional digital services such as automation, AI-driven price comparison, and procurement integration tools.

Market Positioning Recognition as a finalist in the 2022 World Procurement Awards and its broad client reach signal strong credibility and market positioning, which can be leveraged to build strategic partnerships and upsell additional procurement and consulting services to existing corporate clients.