Procurement Outsourcing Global Market Report 2024

Global Procurement Outsourcing Market Report 2024

Procurement Outsourcing Global Market Report 2024 – By Component (Solution, Services), By Deployment (On-Premises, Cloud), By Enterprise Size (Large Enterprises, Small And Medium Enterprise), By Industry Verticals (Banking, Financial Services, And Insurance (BFSI), Energy And Utilities, Healthcare, IT And Telecom, Professional Services, Manufacturing, Retail, Logistics, Other Industry Verticals) – Market Size, Trends, And Global Forecast 2024-2033

Name: Procurement Outsourcing Global Market Report 2024
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Procurement Outsourcing Global Market Report 2024

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Procurement Outsourcing Global Market Report 2024

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Procurement Outsourcing Market Definition

Procurement outsourcing refers to the process of assigning specific crucial procurement tasks associated with sourcing and supplier management to a third-party service provider. It is used by the service provider to lower their overall costs or free up time for businesses to concentrate on their core strengths

The main components of procurement outsourcing are solutions and services. Solution refers to a software application that assists businesses in automating the process of acquiring services from third-party vendors. The various enterprises involved are large enterprises and small and medium enterprises that deploy it on-premises and cloud used by banking, financial services, insurance (BFSI), energy and utilities, healthcare, it and telecom, professional services, manufacturing, retail, logistics, and other industry verticals.

Procurement Outsourcing Market Segmentation

The procurement outsourcing market covered in this report is segmented –

1) By Component: Solution, Services

2) By Deployment: On-Premises, Cloud

3) By Enterprise Size: Large Enterprises, Small And Medium Enterprise

4) By Industry Verticals: Banking, Financial Services, And Insurance (BFSI), Energy And Utilities, Healthcare, IT And Telecom, Professional Services, Manufacturing, Retail, Logistics, Other Industry Verticals

Global Procurement Outsourcing Market Size 2023 to 2028: Graph

Procurement Outsourcing Market Size 2024 And Growth Rate

The procurement outsourcing market size has grown rapidly in recent years. It will grow from $4.13 billion in 2023 to $4.78 billion in 2024 at a compound annual growth rate (CAGR) of 15.6%. The growth in the historic period can be attributed to cost efficiency, focus on core competencies, globalization, risk management, flexible resource allocation.

Procurement Outsourcing Market Growth Forecast

The procurement outsourcing market size is expected to see rapid growth in the next few years. It will grow to $8.01 billion in 2028 at a compound annual growth rate (CAGR) of 13.8%. The growth in the forecast period can be attributed to strategic sourcing, sustainability and csr, resilience planning, demand for specialized skills, data security and compliance. Major trends in the forecast period include digital transformation, technological advancements, agile and flexible procurement models, data analytics and business intelligence, focus on strategic sourcing.

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Procurement Outsourcing Market Driver: The Impact Of E-Commerce Growth On Procurement Outsourcing

The growing e-commerce industry is expected to propel the growth of the procurement outsourcing market going forward. E-commerce, or electronic commerce, refers to the buying and selling of goods and services over the Internet and other electronic networks. Procurement outsourcing is used in e-commerce for managing contracts with suppliers, ensuring compliance, and identifying opportunities for renegotiation. For instance, in October 2023, according to the Boston Consulting Group Inc., a US-based management consulting firm, e-commerce sales in Europe increased by 3%, and in the US and Asia, they increased by 7% in 2022. Further, global e-commerce is expected to increase by 9% annual growth by 2027. Therefore, the growing e-commerce industry will drive the growth of the procurement outsourcing market.

Procurement Outsourcing Market Driver: Rapid Urbanization Boosting Demand For The Market

The increasing rate of urbanization is expected to propel the growth of the procurement outsourcing market going forward. Urbanization is the process by which an increasing proportion of a population comes to live in towns and cities, leading to the growth and expansion of urban areas as people move from rural regions to urban centers. Urbanization uses procurement outsourcing to efficiently manage and streamline the acquisition of goods and services for growing city populations, enabling cost savings, process optimization, and enhanced strategic sourcing capabilities. For instance, in December 2022, according to the United Nations Conference on Trade and Development (UNCTAD), a Switzerland-based intergovernmental organization, the share of the urban population is projected to have increased to 56.5% in 2021. Additionally, Africa has seen a 4.6 percentage point increase in the same period. Therefore, the increasing rate of urbanization is driving the procurement outsourcing market.

Global Procurement Outsourcing Market Major Players

Major companies operating in the procurement outsourcing market report are Microsoft Corporation, Siemens AG, General Electric Company, Accenture plc, International Business Machines Corporation, Ernst & Young LLP, SAP SE, Tata Consultancy Services Limited, Capgemini SE, Cognizant Technology Solutions Corporation, Infosys Limited, DXC Technology Company, Wipro Limited, HCL Technologies Limited, Rockwell Automation Inc., CGI Inc., Concentrix Services India Private Limited (CSIPL), GEP Worldwide, WNS Denali, JAGGAER, Corbus LLC, Aquanima SA, Xchanging Solutions Limited, Intetics Inc., Aegis One Consults Ltd.

Global Procurement Outsourcing Market Restraint: Escalating Information Privacy And Data Security Issues Dampen Market Expansion

Rising privacy and security concerns are expected to restrain the growth of the procurement outsourcing market. Procurement outsourcing growth may slow as organizations, particularly in sensitive industries, become more cautious about entrusting third-party providers with access to confidential procurement data, fearing potential breaches and unauthorized access that could compromise sensitive information and disrupt supply chain integrity. For instance, in 2023, according to the CISCO Data Privacy Benchmark Study 2023 by Cisco Systems Inc., a US-based technology company, 95% of respondents view privacy as a crucial business necessity, up from 90% in 2022, and 94% believe customers won't make a purchase from businesses without proper data protection. Furthermore, in 2023, as per the Cost of a Data Breach Report by International Business Machines Corporation, a US-based technology company, the average cost of a data breach is estimated to reach $4.2 million. Therefore, rising privacy and security concerns are restraining the growth of the procurement outsourcing market.

Global Procurement Outsourcing Market Trend: Launching Marketplace App To Enhance Customer Connectivity

Major companies operating in the procurement outsourcing market are developing innovative technologies, such as the Coupa app marketplace, that connect customers with third-party solutions. The Coupa app marketplace gives consumers access to a wide range of apps that can help in procurement operations more efficiently. For instance, in August 2021, Coupa Software Inc., a US-based software company for business spend management, introduced the coupa app marketplace. The marketplace apps cover a wide range of services, including coupa procurement software, travel and expenditure management, contingent labor management, and contract administration. The Coupa App Marketplace is the first marketplace in the entire business service management (BSM) field to provide solutions that extend a customer's existing tech stack and deepen their BSM capabilities, allowing them to effortlessly share information, automate workflows, and perform important activities. It also offers solutions ranging from supply chain analytics to supplier risk analysis to travel and expenditure management and IT management, all of which are designed to be adaptive, connected, and efficient.

Procurement Outsourcing Market Merger And Acquisition: IBM Corporation Expands IT Automation Portfolio With Acquisition Of Apptio Inc

In August 2023, International Business Machines (IBM) Corporation, a US-based technology corporation, acquired Apptio Inc. for an undisclosed amount. With this acquisition, IBM Corporation aims to broaden its product range and diversify the automation products available to end users. The acquisition enhances IBM's IT automation portfolio and provides enterprises a 360-degree technology management platform to optimize and automate decisions across their IT environments. Apptio Inc. is a US provider of software-as-a-service applications and a supply chain of IT services, such as procurement outsourcing.

Regional Outlook For The Global Procurement Outsourcing Market

North America was the largest region in the procurement outsourcing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the procurement outsourcing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the procurement outsourcing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The procurement outsourcing market includes revenue earned by entities by providing services such as direct procurement, indirect procurement, goods procurement, and services procurement. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The procurement outsourcing market research report is one of a series of new reports from The Business Research Company that provides procurement outsourcing market statistics, including procurement outsourcing industry global market size, regional shares, competitors with procurement outsourcing market share, detailed procurement outsourcing market segments, market trends, and opportunities, and any further data you may need to thrive in the procurement outsourcing industry. This procurement outsourcing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Procurement Outsourcing Market Report Forecast and Analysis

Report Attribute	Details
Market Size Value In 2024	$4.78 billion
Revenue Forecast In 2033	$8.01 billion
Growth Rate	CAGR of 13.8% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Component: Solution, Services 2) By Deployment: On-Premises, Cloud 3) By Enterprise Size: Large Enterprises, Small And Medium Enterprise 4) By Industry Verticals: Banking, Financial Services, And Insurance (BFSI), Energy And Utilities, Healthcare, IT And Telecom, Professional Services, Manufacturing, Retail, Logistics, Other Industry Verticals
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Microsoft Corporation; Siemens AG; General Electric Company; Accenture plc; International Business Machines Corporation; Ernst & Young LLP; SAP SE; Tata Consultancy Services Limited; Capgemini SE; Cognizant Technology Solutions Corporation; Infosys Limited; DXC Technology Company; Wipro Limited; HCL Technologies Limited; Rockwell Automation Inc.; CGI Inc.; Concentrix Services India Private Limited (CSIPL); GEP Worldwide; WNS Denali; JAGGAER; Corbus LLC; Aquanima SA; Xchanging Solutions Limited; Intetics Inc.; Aegis One Consults Ltd.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Procurement Outsourcing Market Characteristics

3. Procurement Outsourcing Market Trends And Strategies

4. Procurement Outsourcing Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Procurement Outsourcing Market Size and Growth

5.1. Global Procurement Outsourcing Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Procurement Outsourcing Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Procurement Outsourcing Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Procurement Outsourcing Market Segmentation

6.1. Global Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Solution

Services

6.2. Global Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

On-Premises

Cloud

6.3. Global Procurement Outsourcing Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Large Enterprises

Small And Medium Enterprise

6.4. Global Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Banking, Financial Services, And Insurance (BFSI)

Energy And Utilities

Healthcare

IT And Telecom

Professional Services

Manufacturing

Retail

Logistics

Other Industry Verticals

7. Procurement Outsourcing Market Regional And Country Analysis

7.1. Global Procurement Outsourcing Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Procurement Outsourcing Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Procurement Outsourcing Market

8.1. Asia-Pacific Procurement Outsourcing Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Procurement Outsourcing Market

9.1. China Procurement Outsourcing Market Overview

9.2. China Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Procurement Outsourcing Market

10.1. India Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Procurement Outsourcing Market

11.1. Japan Procurement Outsourcing Market Overview

11.2. Japan Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Procurement Outsourcing Market

12.1. Australia Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Procurement Outsourcing Market

13.1. Indonesia Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Procurement Outsourcing Market

14.1. South Korea Procurement Outsourcing Market Overview

14.2. South Korea Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Procurement Outsourcing Market

15.1. Western Europe Procurement Outsourcing Market Overview

15.2. Western Europe Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Procurement Outsourcing Market

16.1. UK Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Procurement Outsourcing Market

17.1. Germany Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Procurement Outsourcing Market

18.1. France Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.3. France Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Procurement Outsourcing Market

19.1. Italy Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.3. Italy Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Procurement Outsourcing Market

20.1. Spain Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.3. Spain Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Procurement Outsourcing Market

21.1. Eastern Europe Procurement Outsourcing Market Overview

21.2. Eastern Europe Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Procurement Outsourcing Market

22.1. Russia Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Procurement Outsourcing Market

23.1. North America Procurement Outsourcing Market Overview

23.2. North America Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Procurement Outsourcing Market

24.1. USA Procurement Outsourcing Market Overview

24.2. USA Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Procurement Outsourcing Market

25.1. Canada Procurement Outsourcing Market Overview

25.2. Canada Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Procurement Outsourcing Market

26.1. South America Procurement Outsourcing Market Overview

26.2. South America Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Procurement Outsourcing Market

27.1. Brazil Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Procurement Outsourcing Market

28.1. Middle East Procurement Outsourcing Market Overview

28.2. Middle East Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Procurement Outsourcing Market

29.1. Africa Procurement Outsourcing Market Overview

29.2. Africa Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Procurement Outsourcing Market Competitive Landscape And Company Profiles

30.1. Procurement Outsourcing Market Competitive Landscape

30.2. Procurement Outsourcing Market Company Profiles

30.2.1. Microsoft Corporation

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Siemens AG

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. General Electric Company

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Accenture plc

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. International Business Machines Corporation

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Procurement Outsourcing Market Other Major And Innovative Companies

31.1. Ernst & Young LLP

31.2. SAP SE

31.3. Tata Consultancy Services Limited

31.4. Capgemini SE

31.5. Cognizant Technology Solutions Corporation

31.6. Infosys Limited

31.7. DXC Technology Company

31.8. Wipro Limited

31.9. HCL Technologies Limited

31.10. Rockwell Automation Inc.

31.11. CGI Inc.

31.12. Concentrix Services India Private Limited (CSIPL)

31.13. GEP Worldwide

31.14. WNS Denali

31.15. JAGGAER

32. Global Procurement Outsourcing Market Competitive Benchmarking

33. Global Procurement Outsourcing Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Procurement Outsourcing Market

35. Procurement Outsourcing Market Future Outlook and Potential Analysis

35.1 Procurement Outsourcing Market In 2028 - Countries Offering Most New Opportunities

35.2 Procurement Outsourcing Market In 2028 - Segments Offering Most New Opportunities

35.3 Procurement Outsourcing Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Procurement Outsourcing Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Procurement Outsourcing Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Global Procurement Outsourcing Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: Asia-Pacific, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: China, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: India, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Japan, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Australia, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Indonesia, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: South Korea, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Western Europe, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: UK, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: Germany, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: France, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Italy, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Spain, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Eastern Europe, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: Russia, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: North America, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: USA, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: Canada, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: South America, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Brazil, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Middle East, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Africa, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 75: Microsoft Corporation Financial Performance

Table 76: Siemens AG Financial Performance

Table 77: General Electric Company Financial Performance

Table 78: Accenture plc Financial Performance

Table 79: International Business Machines Corporation Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Procurement Outsourcing Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Procurement Outsourcing Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Global Procurement Outsourcing Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: Asia-Pacific, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: China, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: India, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Japan, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Australia, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Indonesia, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: South Korea, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Western Europe, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: UK, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: Germany, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: France, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Italy, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Spain, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Eastern Europe, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: Russia, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: North America, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: USA, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: Canada, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: South America, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Brazil, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Middle East, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Procurement Outsourcing Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Procurement Outsourcing Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Africa, Procurement Outsourcing Market, Segmentation By Industry Verticals, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 75: Microsoft Corporation Financial Performance

Figure 76: Siemens AG Financial Performance

Figure 77: General Electric Company Financial Performance

Figure 78: Accenture plc Financial Performance

Figure 79: International Business Machines Corporation Financial Performance

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Frequently Asked Questions

What is the definition of the procurement outsourcing market?

How will the procurement outsourcing market drivers and restraints affect the procurement outsourcing market dynamics? What forces will shape the procurement outsourcing industry going forward?

The procurement outsourcing market major growth driver - the impact of e-commerce growth on procurement outsourcing. For further insights on the procurement outsourcing market, request a sample here

What is the forecast market size or the forecast market value of the procurement outsourcing market ?

The procurement outsourcing market size has grown rapidly in recent years. It will grow from $4.13 billion in 2023 to $4.78 billion in 2024 at a compound annual growth rate (CAGR) of 15.6%. The growth in the historic period can be attributed to cost efficiency, focus on core competencies, globalization, risk management, flexible resource allocation. The procurement outsourcing market size is expected to see rapid growth in the next few years. It will grow to $8.01 billion in 2028 at a compound annual growth rate (CAGR) of 13.8%. The growth in the forecast period can be attributed to strategic sourcing, sustainability and csr, resilience planning, demand for specialized skills, data security and compliance. Major trends in the forecast period include digital transformation, technological advancements, agile and flexible procurement models, data analytics and business intelligence, focus on strategic sourcing. For further insights on the procurement outsourcing market, request a sample here

How is the procurement outsourcing market segmented?

The procurement outsourcing market is segmented
1) By Component: Solution, Services
2) By Deployment: On-Premises, Cloud
3) By Enterprise Size: Large Enterprises, Small And Medium Enterprise
4) By Industry Verticals: Banking, Financial Services, And Insurance (BFSI), Energy And Utilities, Healthcare, IT And Telecom, Professional Services, Manufacturing, Retail, Logistics, Other Industry VerticalsFor further insights on the procurement outsourcing market, request a sample here

Which region has the largest share of the procurement outsourcing market? What are the other regions covered in the report?

North America was the largest region in the procurement outsourcing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the procurement outsourcing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the procurement outsourcing market, request a sample here.

Who are the major players in the procurement outsourcing market?

What are the key trends in the procurement outsourcing market?

Major trend in the procurement outsourcing market - launching marketplace app to enhance customer connectivity. For further insights on the procurement outsourcing market, request a sample here.

What are the major opportunities in the procurement outsourcing market? What are the strategies for the procurement outsourcing market?

For detailed insights on the major opportunities and strategies in the procurement outsourcing market, request a sample here.

How does the procurement outsourcing market relate to the overall economy and other similar markets?

For detailed insights on procurement outsourcing market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the procurement outsourcing industry?

For detailed insights on the mergers and acquisitions in the procurement outsourcing industry, request a sample here.

What are the key dynamics influencing the procurement outsourcing market growth? SWOT analysis of the procurement outsourcing market.

For detailed insights on the key dynamics influencing the procurement outsourcing market growth and SWOT analysis of the procurement outsourcing industry, request a sample here.