This report was recently updated on November 15 2024 with the latest and most recent
market numbers
Global Procurement Outsourcing Market Size, Trends & Analysis - Forecasts to 2029 By Component (Solution and Service), By Deployment (On-premise and Cloud), By Size (SMEs and Large Enterprises), By Vertical (BFSI, Healthcare, and IT & Telecommunication) and By Region (North America, Asia Pacific, Central & South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis
The global procurement outsourcing market is expected to grow at a CAGR of 5.9% from 2024 to 2029. This outsourcing model is designed to improve efficiency, reduce costs, and enhance overall procurement performance. This involves identifying, evaluating, and engaging with suppliers to secure goods and services.
The driving factors of the global procurement outsourcing market are cost efficiency and better risk management. One of the primary drivers is the cost savings. Outsourcing procurement processes allows organizations to benefit from the economies of scale, access specialized expertise, and leverage efficient processes, leading to overall cost reduction. With an increasing focus on risk management and compliance, organizations seek outsourcing partners to help navigate complex regulatory environments and ensure that procurement activities adhere to legal and ethical standards.
The restraints of the global procurement outsourcing market include challenges related to data privacy and integrity which could hamper the market growth of procurement outsourcing services. Additionally, there is an expectation that the global expansion of the procurement outsourcing industry might be constrained due to the perceived high risks associated with outsourcing. The situation could be further driven by the intricate nature of category management, adding to the complexities faced by the industry.
Based on component, the market is segmented into solution and service. The solution segment is expected to dominate the market during the forecast period. This can be attributed to the growing trend of outsourcing procurement tasks by organization to specialized service providers. This is driven by the desire to optimize costs, enhance efficiency, and redirect focus toward core business operations. Procurement solutions encompass a range of tools and technologies designed to streamline procurement processes, oversee supplier relationships, ensure compliance, and attain strategic sourcing goals.
The service segment is projected to witness the fastest growth during the forecast period. Companies in diverse sectors are increasingly realizing the strategic importance of hiring specialized service providers to handle their procurement processes. These providers bring expertise, effectiveness, and cost-efficiency to managing complex procurement requirements.
Based on deployment, the market is segmented into cloud and on-premise. The cloud segment is expected to dominate the market during the forecast period. The prevalence of the cloud sector in the procurement outsourcing market can be attributed to its inherent advantages, including scalability, flexibility, cost efficiency, and straightforward implementation. Cloud-based solutions empower organizations to effortlessly access procurement services and data from any location, at any time, and using any device, offering convenience and accessibility.
Based on size, the market is segmented into SMEs and large enterprises. The large enterprise segment is projected to dominate the market during the forecast period. Large enterprises typically experience more intricate procurement requirements, deal with larger transaction volumes, and manage substantial budgets, making outsourcing a more feasible choice for them. These enterprises often possess diverse supplier networks, complex operations, and a demand for specialized expertise in procurement.
The SMEs are projected to witness the fastest growth during the forecast period. Outsourcing procurement allows SMEs to access specialized services and expertise without the need for a substantial upfront investment. This cost-effective approach can be particularly appealing to SMEs looking to optimize their procurement processes. By outsourcing procurement activities, SMEs can redirect their limited resources and attention to areas where they have a competitive advantage, fostering business growth.
Based on vertical, the market is segmented into BFSI, healthcare, and IT & telecommunication. The BFSI segment is expected to dominate the market during the forecast period. The BFSI sector procurement outsourcing market is influenced by its intricate procurement demands, including regulatory compliance, risk management, and cost optimization. The BFSI industry depends on robust procurement solutions to effectively address these specific requirements.
The IT and telecommunication segment is projected to witness the fastest growth during the forecast period. Companies in this industry may seek procurement outsourcing to gain access to specialized services that keep them at the forefront of technology, helping them source the latest equipment, software, and services efficiently.
North America is analysed to be the largest region in the global procurement outsourcing market during the forecast period. Organizations are recognizing the strategic value of outsourcing non-core functions, such as procurement, to specialized service providers. Procurement outsourcing providers often leverage advanced technologies, including artificial intelligence, data analytics, and automation, to enhance efficiency and provide valuable insights.
Asia Pacific is analysed to be the fastest growing region in the global procurement outsourcing market during the forecast period. The region has experienced significant economic growth in recent years, driving increased business activities and procurement needs. The adoption of advanced technologies, including artificial intelligence, data analytics, and cloud-based solutions, is on the rise. Procurement outsourcing providers in Asia Pacific often leverage these technologies to enhance efficiency and provide innovative solutions. Successful procurement outsourcing often involves strong collaboration between organizations and service providers. Establishing transparent and collaborative relationships is crucial for effective outsourcing partnerships.
The key players operating in the market are Accenture, GEP, e-Business International Inc., IBM Corporation, Tata Consultancy Services, Infosys Limited, Capgemini, Genpact, Wipro Limited, WNS (Holdings) Ltd., Corbus LLC, and HCL Technologies Limited, among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In February 2023, Tata Consultancy Services has been recognized as a Leader in Everest Group’s PEAK Matrix for Procurement Outsourcing. The report states that TCS has a holistic portfolio of offerings and capabilities to help clients in their procurement digital transformation journey.
1 STRATEGIC INSIGHTS ON NEW REVENUE POCKETS
1.1 Strategic Opportunity & Attractiveness Analysis
1.1.1 Hot Revenue Pockets
1.1.2 Market Attractiveness Score
1.1.3 Revenue Impacting Opportunity
1.1.4 High Growing Region/Country
1.1.5 Competitor Analysis
1.1.6 Consumer Analysis
1.2 Global Market Estimates' View
1.3 Strategic Insights across Business Functions
1.3.1 For Chief Executive Officers
1.3.2 For Chief Marketing Officers
1.3.3 For Chief Strategy Officers
1.4 Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into
2 TECHNOLOGICAL TRENDS
2.1 Technological Adoption Rate
2.2 Current Trend Impact Analysis
2.3 Future Trend Impact Analysis
3 GLOBAL MARKET OUTLOOK
3.1 Market Pyramid Analysis
3.1.1 Introduction
3.1.2 Adjacent Market Opportunities
3.1.3 Ancillary Market Opportunities
3.2 Demand Side Analysis
3.2.1 Market Drivers: Impact Analysis
3.2.2 Market Restraints: Impact Analysis
3.2.3 Market Opportunities: Impact Analysis
3.2.4 Market Challenges: Impact Analysis
3.3 Supply Side Analysis
3.3.1 Porter’s Five Forces Analysis
3.3.1.1 Threat of New Entrants
3.3.1.2 Threat of New Substitutes
3.3.1.3 Bargaining Power of Suppliers
3.3.1.4 Bargaining Power of Buyers
3.3.1.5 Intensity of Competitive Rivalry
3.3.2 SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)
3.3.2.1 Political Landscape
3.3.2.2 Economic Landscape
3.3.2.3 Social Landscape
3.3.2.4 Technology Landscape
3.3.3 Value Chain Analysis
3.3.4 Trend Analysis
3.3.5 Gap Analysis
3.3.6 Cost Analysis
4 GLOBAL PROCUREMENT OUTSOURCING MARKET, BY COMPONENT
4.1 Introduction
4.2 Procurement Outsourcing Market: Component Scope Key Takeaways
4.3 Revenue Growth Analysis, 2023 & 2029
4.4 Solution
4.4.1 Solution Market Estimates and Forecast, 2021-2029 (USD Million)
4.5 Service
4.5.1 Service Market Estimates and Forecast, 2021-2029 (USD Million)
5 GLOBAL PROCUREMENT OUTSOURCING MARKET, BY DEPLOYMENT
5.1 Introduction
5.2 Procurement Outsourcing Market: Deployment Scope Key Takeaways
5.3 Revenue Growth Analysis, 2023 & 2029
5.4 On-premise
5.4.1 On-premise Market Estimates and Forecast, 2021-2029 (USD Million)
5.5 Cloud
5.5.1 Cloud Market Estimates and Forecast, 2021-2029 (USD Million)
6 GLOBAL PROCUREMENT OUTSOURCING MARKET, BY SIZE
6.1 Introduction
6.2 Procurement Outsourcing Market: Size Scope Key Takeaways
6.3 Revenue Growth Analysis, 2023 & 2029
6.4 SMEs
6.4.1 SMEs Market Estimates and Forecast, 2021-2029 (USD Million)
6.5 Large Enterprises
6.5.1 Large Enterprises Market Estimates and Forecast, 2021-2029 (USD Million)
7 GLOBAL PROCUREMENT OUTSOURCING MARKET, BY VERTICAL
7.1 Introduction
7.2 Procurement Outsourcing Market: Vertical Scope Key Takeaways
7.3 Revenue Growth Analysis, 2023 & 2029
7.4 BFSI
7.4.1 BFSI Market Estimates and Forecast, 2021-2029 (USD Million)
7.5 Healthcare
7.5.1 Healthcare Market Estimates and Forecast, 2021-2029 (USD Million)
7.6 IT & Telecommunication
7.6.1 IT & Telecommunication Market Estimates and Forecast, 2021-2029 (USD Million)
8 GLOBAL PROCUREMENT OUTSOURCING MARKET, BY REGION
8.1 Introduction
8.2 North America Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.2.1 By Component
8.2.2 By Deployment
8.2.3 By Size
8.2.4 By Vertical
8.2.5 By Country
8.2.5.1 U.S. Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.2.5.1.1 By Component
8.2.5.1.2 By Deployment
8.2.5.1.3 By Size
8.2.5.1.4 By Vertical
8.2.5.2 Canada Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.2.5.2.1 By Component
8.2.5.2.2 By Deployment
8.2.5.2.3 By Size
8.2.5.2.4 By Vertical
8.2.5.3 Mexico Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.2.5.3.1 By Component
8.2.5.3.2 By Deployment
8.2.5.3.3 By Size
8.2.5.3.4 By Vertical
8.3 Europe Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.3.1 By Component
8.3.2 By Deployment
8.3.3 By Size
8.3.4 By Vertical
8.3.5 By Country
8.3.5.1 Germany Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.3.5.1.1 By Component
8.3.5.1.2 By Deployment
8.3.5.1.3 By Size
8.3.5.1.4 By Vertical
8.3.5.2 U.K. Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.3.5.2.1 By Component
8.3.5.2.2 By Deployment
8.3.5.2.3 By Size
8.3.5.2.4 By Vertical
8.3.5.3 France Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.3.5.3.1 By Component
8.3.5.3.2 By Deployment
8.3.5.3.3 By Size
8.3.5.3.4 By Vertical
8.3.5.4 Italy Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.3.5.4.1 By Component
8.3.5.4.2 By Deployment
8.3.5.4.3 By Size
8.3.5.4.4 By Vertical
8.3.5.5 Spain Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.3.5.5.1 By Component
8.3.5.5.2 By Deployment
8.3.5.5.3 By Size
8.3.5.5.4 By Vertical
8.3.5.6 Netherlands Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.3.5.6.1 By Component
8.3.5.6.2 By Deployment
8.3.5.6.3 By Size
8.3.5.6.4 By Vertical
8.3.5.7 Rest of Europe Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.3.5.7.1 By Component
8.3.5.7.2 By Deployment
8.3.5.7.3 By Size
8.3.5.7.4 By Vertical
8.4 Asia Pacific Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.4.1 By Component
8.4.2 By Deployment
8.4.3 By Size
8.4.4 By Vertical
8.4.5 By Country
8.4.5.1 China Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.4.5.1.1 By Component
8.4.5.1.2 By Deployment
8.4.5.1.3 By Size
8.4.5.1.4 By Vertical
8.4.5.2 Japan Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.4.5.2.1 By Component
8.4.5.2.2 By Deployment
8.4.5.2.3 By Size
8.4.5.2.4 By Vertical
8.4.5.3 India Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.4.5.3.1 By Component
8.4.5.3.2 By Deployment
8.4.5.3.3 By Size
8.4.5.3.4 By Vertical
8.4.5.4 South Korea Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.4.5.4.1 By Component
8.4.5.4.2 By Deployment
8.4.5.4.3 By Size
8.4.5.4.4 By Vertical
8.4.5.5 Singapore Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.4.5.5.1 By Component
8.4.5.5.2 By Deployment
8.4.5.5.3 By Size
8.4.5.5.4 By Vertical
8.4.5.6 Malaysia Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.4.5.6.1 By Component
8.4.5.6.2 By Deployment
8.4.5.6.3 By Size
8.4.5.6.4 By Vertical
8.4.5.7 Thailand Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.4.5.7.1 By Component
8.4.5.7.2 By Deployment
8.4.5.7.3 By Size
8.4.5.7.4 By Vertical
8.4.5.8 Indonesia Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.4.5.8.1 By Component
8.4.5.8.2 By Deployment
8.4.5.8.3 By Size
8.4.5.8.4 By Vertical
8.4.5.9 Vietnam Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.4.5.9.1 By Component
8.4.5.9.2 By Deployment
8.4.5.9.3 By Size
8.4.5.9.4 By Vertical
8.4.5.10 Taiwan Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.4.5.10.1 By Component
8.4.5.10.2 By Deployment
8.4.5.10.3 By Size
8.4.5.10.4 By Vertical
8.4.5.11 Rest of Asia Pacific Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.4.5.11.1 By Component
8.4.5.11.2 By Deployment
8.4.5.11.3 By Size
8.4.5.11.4 By Vertical
8.5 Middle East and Africa Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.5.1 By Component
8.5.2 By Deployment
8.5.3 By Size
8.5.4 By Vertical
8.5.5 By Country
8.5.5.1 Saudi Arabia Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.5.5.1.1 By Component
8.5.5.1.2 By Deployment
8.5.5.1.3 By Size
8.5.5.1.4 By Vertical
8.5.5.2 U.A.E. Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.5.5.2.1 By Component
8.5.5.2.2 By Deployment
8.5.5.2.3 By Size
8.5.5.2.4 By Vertical
8.5.5.3 Israel Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.5.4.3.1 By Component
8.5.4.3.2 By Deployment
8.5.4.3.3 By Size
8.5.5.3.4 By Vertical
8.5.5.4 South Africa Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.5.5.4.1 By Component
8.5.5.4.2 By Deployment
8.5.5.4.3 By Size
8.5.5.4.4 By Vertical
8.5.5.5 Rest of Middle East and Africa Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.5.5.5.1 By Component
8.5.5.5.2 By Deployment
8.5.5.5.2 By Size
8.5.5.5.4 By Vertical
8.6 Central & South America Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.6.1 By Component
8.6.2 By Deployment
8.6.3 By Size
8.6.4 By Vertical
8.6.5 By Country
8.6.5.1 Brazil Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.6.5.1.1 By Component
8.6.5.1.2 By Deployment
8.6.5.1.3 By Size
8.6.5.1.4 By Vertical
8.6.5.2 Argentina Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.6.5.2.1 By Component
8.6.5.2.2 By Deployment
8.6.5.2.3 By Size
8.6.5.2.4 By Vertical
8.6.5.3 Chile Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.6.5.3.1 By Component
8.6.5.3.2 By Deployment
8.6.5.3.3 By Size
8.6.5.5.4 By Vertical
8.6.5.4 Rest of Central & South America Procurement Outsourcing Market Estimates and Forecast, 2021-2029 (USD Million)
8.6.5.4.1 By Component
8.6.5.4.2 By Deployment
8.6.5.4.3 By Size
8.6.5.4.4 By Vertical
9 COMPETITIVE LANDCAPE
9.1 Company Market Share Analysis
9.2 Four Quadrant Positioning Matrix
9.2.1 Market Leaders
9.2.2 Market Visionaries
9.2.3 Market Challengers
9.2.4 Niche Market Players
9.3 Vendor Landscape
9.3.1 North America
9.3.2 Europe
9.3.3 Asia Pacific
9.3.4 Rest of the World
9.4 Company Profiles
9.4.1 Accenture
9.4.1.1 Business Description & Financial Analysis
9.4.1.2 SWOT Analysis
9.4.1.3 Products & Services Offered
9.4.1.4 Strategic Alliances between Business Partners
9.4.2 GEP
9.4.2.1 Business Description & Financial Analysis
9.4.2.2 SWOT Analysis
9.4.2.3 Products & Services Offered
9.4.2.4 Strategic Alliances between Business Partners
9.4.3 E-Business International Inc.
9.4.3.1 Business Description & Financial Analysis
9.4.3.2 SWOT Analysis
9.4.3.3 Products & Services Offered
9.4.3.4 Strategic Alliances between Business Partners
9.4.4 IBM Corporation
9.4.4.1 Business Description & Financial Analysis
9.4.4.2 SWOT Analysis
9.4.4.3 Products & Services Offered
9.4.4.4 Strategic Alliances between Business Partners
9.4.5 Tata Consultancy Services
9.4.5.1 Business Description & Financial Analysis
9.4.5.2 SWOT Analysis
9.4.5.3 Products & Services Offered
9.4.5.4 Strategic Alliances between Business Partners
9.4.6 INFOSYS LIMITED
9.4.6.1 Business Description & Financial Analysis
9.4.6.2 SWOT Analysis
9.4.6.3 Products & Services Offered
9.4.6.4 Strategic Alliances between Business Partners
9.4.7 Capgemini
9.4.7.1 Business Description & Financial Analysis
9.4.7.2 SWOT Analysis
9.4.7.3 Products & Services Offered
9.4.8.4 Strategic Alliances between Business Partners
9.4.8 Genpact
9.4.8.1 Business Description & Financial Analysis
9.4.8.2 SWOT Analysis
9.4.8.3 Products & Services Offered
9.4.8.4 Strategic Alliances between Business Partners
9.4.9 Wipro Limited
9.4.9.1 Business Description & Financial Analysis
9.4.9.2 SWOT Analysis
9.4.9.3 Products & Services Offered
9.4.9.4 Strategic Alliances between Business Partners
9.4.10 WNS (Holdings) Ltd.
9.4.10.1 Business Description & Financial Analysis
9.4.10.2 SWOT Analysis
9.4.10.3 Products & Services Offered
9.4.10.4 Strategic Alliances between Business Partners
9.4.11 Other Companies
9.4.11.1 Business Description & Financial Analysis
9.4.11.2 SWOT Analysis
9.4.11.3 Products & Services Offered
9.4.11.4 Strategic Alliances between Business Partners
10 RESEARCH METHODOLOGY
10.1 Market Introduction
10.1.1 Market Definition
10.1.2 Market Scope & Segmentation
10.2 Information Procurement
10.2.1 Secondary Research
10.2.1.1 Purchased Databases
10.2.1.2 GMEs Internal Data Repository
10.2.1.3 Secondary Resources & Third Party Perspectives
10.2.1.4 Company Information Sources
10.2.2 Primary Research
10.2.2.1 Various Types of Respondents for Primary Interviews
10.2.2.2 Number of Interviews Conducted throughout the Research Process
10.2.2.3 Primary Stakeholders
10.2.2.4 Discussion Guide for Primary Participants
10.2.3 Expert Panels
10.2.3.1 Expert Panels Across 30+ Industry
10.2.4 Paid Local Experts
10.2.4.1 Paid Local Experts Across 30+ Industry Across each Region
10.3 Market Estimation
10.3.1 Top-Down Approach
10.3.1.1 Macro-Economic Indicators Considered
10.3.1.2 Micro-Economic Indicators Considered
10.3.2 Bottom Up Approach
10.3.2.1 Company Share Analysis Approach
10.3.2.2 Estimation of Potential Product Sales
10.4 Data Triangulation
10.4.1 Data Collection
10.4.2 Time Series, Cross Sectional & Panel Data Analysis
10.4.3 Cluster Analysis
10.5 Analysis and Output
10.5.1 Inhouse AI Based Real Time Analytics Tool
10.5.2 Output From Desk & Primary Research
10.6 Research Assumptions & Limitations
10.7.1 Research Assumptions
10.7.2 Research Limitations
LIST OF TABLES
1 Global Procurement Outsourcing Market, By Component, 2021-2029 (USD Mllion)
2 Solution Market, By Region, 2021-2029 (USD Mllion)
3 Service Market, By Region, 2021-2029 (USD Mllion)
4 Global Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Mllion)
5 On-premise Market, By Region, 2021-2029 (USD Mllion)
6 Cloud Market, By Region, 2021-2029 (USD Mllion)
7 Global Procurement Outsourcing Market, By Size, 2021-2029 (USD Mllion)
8 SMEs Market, By Region, 2021-2029 (USD Mllion)
9 Large Enterprises Market, By Region, 2021-2029 (USD Mllion)
10 Global Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Mllion)
11 BFSI Market, By Region, 2021-2029 (USD Mllion)
12 Healthcare Market, By Region, 2021-2029 (USD Mllion)
13 It & Telecommunication Market, By Region, 2021-2029 (USD Mllion)
14 Regional Analysis, 2021-2029 (USD Mllion)
15 North America Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
16 North America Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
17 North America Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
18 North America Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
19 North America Procurement Outsourcing Market, By Country, 2021-2029 (USD Million)
20 U.S Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
21 U.S Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
22 U.S Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
23 U.S Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
24 Canada Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
25 Canada Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
26 Canada Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
27 CANADA Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
28 Mexico Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
29 Mexico Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
30 Mexico Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
31 mexico Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
32 Europe Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
33 Europe Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
34 Europe Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
35 europe Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
36 europe Procurement Outsourcing Market, By country, 2021-2029 (USD Million)
37 Germany Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
38 Germany Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
39 Germany Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
40 germany Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
41 UK Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
42 UK Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
43 UK Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
44 U.kProcurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
45 France Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
46 France Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
47 France Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
48 france Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
49 Italy Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
50 Italy Procurement Outsourcing Market, By T Preservation Technique Type, 2021-2029 (USD Million)
51 Italy Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
52 italy Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
53 Spain Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
54 Spain Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
55 Spain Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
56 spain Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
57 Rest Of Europe Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
58 Rest Of Europe Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
59 Rest of Europe Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
60 REST OF EUROPE Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
61 Asia Pacific Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
62 Asia Pacific Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
63 Asia Pacific Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
64 asia Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
65 Asia Pacific Procurement Outsourcing Market, By Country, 2021-2029 (USD Million)
66 China Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
67 China Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
68 China Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
69 china Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
70 India Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
71 India Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
72 India Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
73 india Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
74 Japan Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
75 Japan Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
76 Japan Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
77 japan Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
78 South Korea Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
79 South Korea Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
80 South Korea Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
81 south korea Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
82 Malaysia Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
83 Malaysia Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
84 Malaysia Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
85 Malaysia Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
86 Rest of ASIA Pacific Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
87 Rest of ASIA Pacific Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
88 Rest of ASIA Pacific Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
89 Rest of ASIA Pacific Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
90 Middle East and Africa Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
91 Middle East and Africa Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
92 Middle East and Africa Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
93 MIDDLE EAST and AFRICA Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
94 Middle East and Africa Procurement Outsourcing Market, By Country, 2021-2029 (USD Million)
95 Saudi Arabia Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
96 Saudi Arabia Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
97 Saudi Arabia Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
98 saudi arabia Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
99 UAE Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
100 UAE Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
101 UAE Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
102 uae Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
103 Qatar Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
104 Qatar Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
105 Qatar Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
106 Qatar Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
107 Rest of Middle East and Africa Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
108 Rest of Middle East and Africa Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
109 Rest of Middle East and Africa Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
110 Rest of Middle East and Africa Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
111 Central & South America Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
112 Central & South America Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
113 Central & South America Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
114 CENTRAL & SOUTH AMERICA Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
115 Central & South America Procurement Outsourcing Market, By Country, 2021-2029 (USD Million)
116 Brazil Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
117 Brazil Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
118 Brazil Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
119 brazil Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
120 Argentina Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
121 Argentina Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
122 Argentina Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
123 Argentina Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
124 Rest of CENTRAL & SOUTH AMERICA Procurement Outsourcing Market, By Component, 2021-2029 (USD Million)
125 Rest of CENTRAL & SOUTH AMERICA Procurement Outsourcing Market, By Deployment, 2021-2029 (USD Million)
126 Rest of CENTRAL & SOUTH AMERICA Procurement Outsourcing Market, By Size, 2021-2029 (USD Million)
127 Rest of CENTRAL & SOUTH AMERICA Procurement Outsourcing Market, By Vertical, 2021-2029 (USD Million)
128 Accenture: Products & Services Offering
129 GEP: Products & Services Offering
130 E-Business International Inc.: Products & Services Offering
131 IBM Corporation: Products & Services Offering
132 Tata Consultancy Services: Products & Services Offering
133 INFOSYS LIMITED: Products & Services Offering
134 Capgemini : Products & Services Offering
135 Genpact: Products & Services Offering
136 Wipro Limited, Inc: Products & Services Offering
137 WNS (Holdings) Ltd.: Products & Services Offering
138 Other Companies: Products & Services Offering
LIST OF FIGURES
1 Global Procurement Outsourcing Market Overview
2 Global Procurement Outsourcing Market Value From 2021-2029 (USD Mllion)
3 Global Procurement Outsourcing Market Share, By Component (2023)
4 Global Procurement Outsourcing Market Share, By Deployment (2023)
5 Global Procurement Outsourcing Market Share, By Size (2023)
6 Global Procurement Outsourcing Market Share, By Vertical (2023)
7 Global Procurement Outsourcing Market, By Region (Asia Pacific Market)
8 Technological Trends In Global Procurement Outsourcing Market
9 Four Quadrant Competitor Positioning Matrix
10 Impact Of Macro & Micro Indicators On The Market
11 Impact Of Key Drivers On The Global Procurement Outsourcing Market
12 Impact Of Challenges On The Global Procurement Outsourcing Market
13 Porter’s Five Forces Analysis
14 Global Procurement Outsourcing Market: By Component Scope Key Takeaways
15 Global Procurement Outsourcing Market, By Component Segment: Revenue Growth Analysis
16 Solution Market, By Region, 2021-2029 (USD Mllion)
17 Service Market, By Region, 2021-2029 (USD Mllion)
18 Global Procurement Outsourcing Market: By Deployment Scope Key Takeaways
19 Global Procurement Outsourcing Market, By Deployment Segment: Revenue Growth Analysis
20 On-premise Market, By Region, 2021-2029 (USD Mllion)
21 Cloud Market, By Region, 2021-2029 (USD Mllion)
22 Global Procurement Outsourcing Market: By Size Scope Key Takeaways
23 Global Procurement Outsourcing Market, By Size Segment: Revenue Growth Analysis
24 SMEs Market, By Region, 2021-2029 (USD Mllion)
25 Large Enterprises Market, By Region, 2021-2029 (USD Mllion)
26 Global Procurement Outsourcing Market: By Vertical Scope Key Takeaways
27 Global Procurement Outsourcing Market, By Vertical Segment: Revenue Growth Analysis
28 BFSI Market, By Region, 2021-2029 (USD Mllion)
29 Healthcare Market, By Region, 2021-2029 (USD Mllion)
30 IT & Telecommunications Market, By Region, 2021-2029 (USD Mllion)
31 Regional Segment: Revenue Growth Analysis
32 Global Procurement Outsourcing Market: Regional Analysis
33 North America Procurement Outsourcing Market Overview
34 North America Procurement Outsourcing Market, By Component
35 North America Procurement Outsourcing Market, By Deployment
36 North America Procurement Outsourcing Market, By Size
37 North America Procurement Outsourcing Market, By Vertical
38 North America Procurement Outsourcing Market, By Country
39 U.S. Procurement Outsourcing Market, By Component
40 U.S. Procurement Outsourcing Market, By Deployment
41 U.S. Procurement Outsourcing Market, By Size
42 U.S. Procurement Outsourcing Market, By Vertical
43 Canada Procurement Outsourcing Market, By Component
44 Canada Procurement Outsourcing Market, By Deployment
45 Canada Procurement Outsourcing Market, By Size
46 Canada Procurement Outsourcing Market, By Vertical
47 Mexico Procurement Outsourcing Market, By Component
48 Mexico Procurement Outsourcing Market, By Deployment
49 Mexico Procurement Outsourcing Market, By Size
50 Mexico Procurement Outsourcing Market, By Vertical
51 Four Quadrant Positioning Matrix
52 Company Market Share Analysis
53 Accenture: Company Snapshot
54 Accenture: SWOT Analysis
55 Accenture: Geographic Presence
56 GEP: Company Snapshot
57 GEP: SWOT Analysis
58 GEP: Geographic Presence
59 E-Business International Inc.: Company Snapshot
60 E-Business International Inc.: SWOT Analysis
61 E-Business International Inc.: Geographic Presence
62 IBM Corporation: Company Snapshot
63 IBM Corporation: Swot Analysis
64 IBM Corporation: Geographic Presence
65 Tata Consultancy Services: Company Snapshot
66 Tata Consultancy Services: SWOT Analysis
67 Tata Consultancy Services: Geographic Presence
68 INFOSYS LIMITED: Company Snapshot
69 INFOSYS LIMITED: SWOT Analysis
70 INFOSYS LIMITED: Geographic Presence
71 Capgemini : Company Snapshot
72 Capgemini : SWOT Analysis
73 Capgemini : Geographic Presence
74 Genpact: Company Snapshot
75 Genpact: SWOT Analysis
76 Genpact: Geographic Presence
77 Wipro Limited, Inc.: Company Snapshot
78 Wipro Limited, Inc.: SWOT Analysis
79 Wipro Limited, Inc.: Geographic Presence
80 WNS (Holdings) Ltd.: Company Snapshot
81 WNS (Holdings) Ltd.: SWOT Analysis
82 WNS (Holdings) Ltd.: Geographic Presence
83 Other Companies: Company Snapshot
84 Other Companies: SWOT Analysis
85 Other Companies: Geographic Presence
The Global Procurement Outsourcing Market has been studied from the year 2019 till 2029. However, the CAGR provided in the report is from the year 2024 to 2029. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Procurement Outsourcing Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
Frequently Asked Questions
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
Or view our licence options:
Tailor made solutions just for you
80% of our clients seek made-to-order reports. How do you want us to tailor yours?
OUR CLIENTS
