Global Procurement Outsourcing Market Size study & Forecast, by Services, by Component, by Deployment Model, by Enterprise Size, by Application, by Industry Vertical and Regional Analysis, 2023-2030

Description

List of Tables

Global Procurement Outsourcing Market is valued at approximately USD xxx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xxx over the forecast period 2023-2030. Procurement outsourcing is a strategic approach used to effectively obtain and handle the necessary raw materials for manufacturing a product or delivering a particular service. It involves outsourcing the procurement process to a third-party vendor, which facilitates the smooth flow of critical information. This information encompasses the placement of orders and the subsequent payment for products and services. The growth of the procurement outsourcing market is fueled by various factors, including the increasing requirement to adopt new IT solutions in line with evolving consumer trends, a growing demand from enterprises to streamline the procurement process, and a rising need to effectively manage compliance policies and agreements. Furthermore, the market is experiencing growth due to the expanding gap between the increasing demands of customers and the capabilities of businesses, prompting the adoption of procurement outsourcing solutions.

Moreover, the rising IT spending in various sectors such as healthcare, IT telecom, and others is anticipated to create a lucrative demand for the market. According to the CompTIA in 2023, global IT spending is projected to reach USD 4.6 trillion in 2023, marking a 5.1% increase from 2022. This includes investments in emerging technologies such as the Internet of Things (IoT), robotics, and mixed reality. The expenditure on these new technologies is expected to contribute approximately 30% to the overall spending, amounting to USD 1.36 trillion in 2023. Additionally, technological advancements and the adoption of artificial intelligence and big data technologies are expected to provide lucrative opportunities for the growth of the procurement outsourcing market during the forecast period. However, a lack of technical expertise stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Procurement Outsourcing Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to its widespread adoption across various industries, including healthcare, energy & utilities, life sciences, and information technology. Within the region, the manufacturing industry is expected to implement procurement outsourcing at the fastest pace. North America is expected to grow at fastest growth rate during the forecast period, owing to mature economies, a large consumer base advanced IT infrastructure, and a focus on improving procurement processes. Also, the presence of major market players in the region drives demand for procurement as-a-service solutions is anticipated to support the market growth.

Major market player included in this report are:

International Business Machines Corporation
Wipro Limited.
Genpact Ltd
DXC Technology Company
Capgemini SE
GEP Worldwide
Tata Consultancy Services Limited
WNS (Holdings) Ltd.
Infosys Ltd
Accenture Plc

Recent Developments in the Market:

In July 2022, Infosys announced its acquisition of BASE life science in Europe, aiming to enhance clinical trials, drug development, digital platforms, and health outcomes for life sciences companies.
In September 2022, Accenture PLC announced its acquisition of Sentia's businesses in Belgium, Bulgaria, and the Netherlands, strengthening its ability to offer comprehensive cloud infrastructure services across public, and private sectors.

Global Procurement Outsourcing Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Services, Component, Deployment Model, Enterprise Size, Application, Industry Vertical, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Services:

Business Process Outsourcing Services
Consulting Services

By Component:

Solution
Services

By Deployment Model:

On-Premises
Cloud

By Enterprise Size:

Large Enterprises
Small Medium Enterprises

By Application:

Marketing Related Services
IT Related Services
HR Related Services
Facilities Management Office Services
Others

By Industry Vertical:

BFSI
Energy & Utilities
Healthcare
IT & Telecom
Professional Services
Manufacturing
Retail
Logistics
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Procurement Outsourcing Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Procurement Outsourcing Market, by Services, 2020-2030 (USD Billion)
- 1.2.3. Procurement Outsourcing Market, by Component, 2020-2030 (USD Billion)
- 1.2.4. Procurement Outsourcing Market, by Deployment Model, 2020-2030 (USD Billion)
- 1.2.5. Procurement Outsourcing Market, by Enterprise Size, 2020-2030 (USD Billion)
- 1.2.6. Procurement Outsourcing Market, by Application, 2020-2030 (USD Billion)
- 1.2.7. Procurement Outsourcing Market, by Industry Vertical, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Procurement Outsourcing Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Procurement Outsourcing Market Dynamics

3.1. Procurement Outsourcing Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing adoption of new IT solutions
  - 3.1.1.2. Growing trend of advanced technologies
  - 3.1.1.3.
- 3.1.2. Market Challenges
  - 3.1.2.1. Security concerns and issues
  - 3.1.2.2. Lack of technical expertise
- 3.1.3. Market Opportunities
  - 3.1.3.1. Advancements in Technology
  - 3.1.3.2. Adoption of artificial intelligence

Chapter 4. Global Procurement Outsourcing Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Procurement Outsourcing Market, by Services

5.1. Market Snapshot
5.2. Global Procurement Outsourcing Market by Services, Performance - Potential Analysis
5.3. Global Procurement Outsourcing Market Estimates & Forecasts by Services 2020-2030 (USD Billion)
5.4. Procurement Outsourcing Market, Sub Segment Analysis
- 5.4.1. Business Process Outsourcing Services
- 5.4.2. Consulting Services

Chapter 6. Global Procurement Outsourcing Market, by Component

6.1. Market Snapshot
6.2. Global Procurement Outsourcing Market by Component, Performance - Potential Analysis
6.3. Global Procurement Outsourcing Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
6.4. Procurement Outsourcing Market, Sub Segment Analysis
- 6.4.1. Solutions
- 6.4.2. Services

Chapter 7. Global Procurement Outsourcing Market, by Deployment Model

7.1. Market Snapshot
7.2. Global Procurement Outsourcing Market by Deployment Model, Performance - Potential Analysis
7.3. Global Procurement Outsourcing Market Estimates & Forecasts by Deployment Model 2020-2030 (USD Billion)
7.4. Procurement Outsourcing Market, Sub Segment Analysis
- 7.4.1. On-Premises
- 7.4.2. Cloud

Chapter 8. Global Procurement Outsourcing Market, by Enterprise Size

8.1. Market Snapshot
8.2. Global Procurement Outsourcing Market by Enterprise Size, Performance - Potential Analysis
8.3. Global Procurement Outsourcing Market Estimates & Forecasts by Enterprise Size 2020-2030 (USD Billion)
8.4. Procurement Outsourcing Market, Sub Segment Analysis
- 8.4.1. Large Enterprises
- 8.4.2. Small Medium Enterprises

Chapter 9. Global Procurement Outsourcing Market, by Application

9.1. Market Snapshot
9.2. Global Procurement Outsourcing Market by Application, Performance - Potential Analysis
9.3. Global Procurement Outsourcing Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
9.4. Procurement Outsourcing Market, Sub Segment Analysis
- 9.4.1. Marketing Related Services
- 9.4.2. IT Related Services
- 9.4.3. HR Related Services
- 9.4.4. Facilities Management Office Services
- 9.4.5. Others

Chapter 10. Global Procurement Outsourcing Market, by Industry Vertical

10.1. Market Snapshot
10.2. Global Procurement Outsourcing Market by Industry Vertical, Performance - Potential Analysis
10.3. Global Procurement Outsourcing Market Estimates & Forecasts by Industry Vertical 2020-2030 (USD Billion)
10.4. Procurement Outsourcing Market, Sub Segment Analysis
- 10.4.1. BFSI
- 10.4.2. Energy & Utilities
- 10.4.3. Healthcare
- 10.4.4. IT & Telecom
- 10.4.5. Professional Services
- 10.4.6. Manufacturing
- 10.4.7. Retail
- 10.4.8. Logistics
- 10.4.9. Others

Chapter 11. Global Procurement Outsourcing Market, Regional Analysis

11.1. Top Leading Countries
11.2. Top Emerging Countries
11.3. Procurement Outsourcing Market, Regional Market Snapshot
11.4. North America Procurement Outsourcing Market
- 11.4.1. U.S. Procurement Outsourcing Market
  - 11.4.1.1. Services breakdown estimates & forecasts, 2020-2030
  - 11.4.1.2. Component breakdown estimates & forecasts, 2020-2030
  - 11.4.1.3. Deployment Model breakdown estimates & forecasts, 2020-2030
  - 11.4.1.4. Enterprise Size breakdown estimates & forecasts, 2020-2030
  - 11.4.1.5. Application breakdown estimates & forecasts, 2020-2030
  - 11.4.1.6. Industry Vertical breakdown estimates & forecasts, 2020-2030
- 11.4.2. Canada Procurement Outsourcing Market
11.5. Europe Procurement Outsourcing Market Snapshot
- 11.5.1. U.K. Procurement Outsourcing Market
- 11.5.2. Germany Procurement Outsourcing Market
- 11.5.3. France Procurement Outsourcing Market
- 11.5.4. Spain Procurement Outsourcing Market
- 11.5.5. Italy Procurement Outsourcing Market
- 11.5.6. Rest of Europe Procurement Outsourcing Market
11.6. Asia-Pacific Procurement Outsourcing Market Snapshot
- 11.6.1. China Procurement Outsourcing Market
- 11.6.2. India Procurement Outsourcing Market
- 11.6.3. Japan Procurement Outsourcing Market
- 11.6.4. Australia Procurement Outsourcing Market
- 11.6.5. South Korea Procurement Outsourcing Market
- 11.6.6. Rest of Asia Pacific Procurement Outsourcing Market
11.7. Latin America Procurement Outsourcing Market Snapshot
- 11.7.1. Brazil Procurement Outsourcing Market
- 11.7.2. Mexico Procurement Outsourcing Market
11.8. Middle East & Africa Procurement Outsourcing Market
- 11.8.1. Saudi Arabia Procurement Outsourcing Market
- 11.8.2. South Africa Procurement Outsourcing Market
- 11.8.3. Rest of Middle East & Africa Procurement Outsourcing Market

Chapter 12. Competitive Intelligence

12.1. Key Company SWOT Analysis
- 12.1.1. Company 1
- 12.1.2. Company 2
- 12.1.3. Company 3
12.2. Top Market Strategies
12.3. Company Profiles
- 12.3.1. International Business Machines Corporation
  - 12.3.1.1. Key Information
  - 12.3.1.2. Overview
  - 12.3.1.3. Financial (Subject to Data Availability)
  - 12.3.1.4. Product Summary
  - 12.3.1.5. Recent Developments
- 12.3.2. Wipro Limited.
- 12.3.3. Genpact Ltd
- 12.3.4. DXC Technology Company
- 12.3.5. Capgemini SE
- 12.3.6. GEP Worldwide
- 12.3.7. Tata Consultancy Services Limited
- 12.3.8. WNS (Holdings) Ltd.
- 12.3.9. Infosys Ltd
- 12.3.10. Accenture Plc

Chapter 13. Research Process

13.1. Research Process
- 13.1.1. Data Mining
- 13.1.2. Analysis
- 13.1.3. Market Estimation
- 13.1.4. Validation
- 13.1.5. Publishing
13.2. Research Attributes
13.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Procurement Outsourcing Market, report scope
TABLE 2. Global Procurement Outsourcing Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Procurement Outsourcing Market estimates & forecasts by Services 2020-2030 (USD Billion)
TABLE 4. Global Procurement Outsourcing Market estimates & forecasts by Component 2020-2030 (USD Billion)
TABLE 5. Global Procurement Outsourcing Market estimates & forecasts by Deployment Model 2020-2030 (USD Billion)
TABLE 6. Global Procurement Outsourcing Market estimates & forecasts by Enterprise Size 2020-2030 (USD Billion)
TABLE 7. Global Procurement Outsourcing Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 8. Global Procurement Outsourcing Market estimates & forecasts by Industry Vertical 2020-2030 (USD Billion)
TABLE 9. Global Procurement Outsourcing Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Procurement Outsourcing Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Procurement Outsourcing Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Procurement Outsourcing Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Procurement Outsourcing Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Procurement Outsourcing Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Procurement Outsourcing Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Procurement Outsourcing Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. Global Procurement Outsourcing Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. Global Procurement Outsourcing Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. U.S. Procurement Outsourcing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. U.S. Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. U.S. Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Procurement Outsourcing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. Canada Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Canada Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Procurement Outsourcing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. UK Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. UK Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Procurement Outsourcing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. Germany Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Germany Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Procurement Outsourcing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. France Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. France Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Procurement Outsourcing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Italy Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Italy Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Procurement Outsourcing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. Spain Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. Spain Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Procurement Outsourcing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. RoE Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. RoE Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Procurement Outsourcing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. China Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. China Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Procurement Outsourcing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. India Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. India Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Procurement Outsourcing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. Japan Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Japan Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Procurement Outsourcing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. South Korea Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. South Korea Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Procurement Outsourcing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. Australia Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Australia Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Procurement Outsourcing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. RoAPAC Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. RoAPAC Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Procurement Outsourcing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Brazil Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Brazil Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Procurement Outsourcing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. Mexico Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Mexico Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Procurement Outsourcing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. RoLA Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoLA Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. Saudi Arabia Procurement Outsourcing Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 71. South Africa Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 72. RoMEA Procurement Outsourcing Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 73. List of secondary sources, used in the study of global Procurement Outsourcing Market
TABLE 74. List of primary sources, used in the study of global Procurement Outsourcing Market
TABLE 75. Years considered for the study
TABLE 76. Exchange rates considered

List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Procurement Outsourcing Market, research methodology
FIG 2. Global Procurement Outsourcing Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Procurement Outsourcing Market, key trends 2022
FIG 5. Global Procurement Outsourcing Market, growth prospects 2023-2030
FIG 6. Global Procurement Outsourcing Market, porters 5 force model
FIG 7. Global Procurement Outsourcing Market, pest analysis
FIG 8. Global Procurement Outsourcing Market, value chain analysis
FIG 9. Global Procurement Outsourcing Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Procurement Outsourcing Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Procurement Outsourcing Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Procurement Outsourcing Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Procurement Outsourcing Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Procurement Outsourcing Market, regional snapshot 2020 & 2030
FIG 15. North America Procurement Outsourcing Market 2020 & 2030 (USD Billion)
FIG 16. Europe Procurement Outsourcing Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Procurement Outsourcing Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Procurement Outsourcing Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Procurement Outsourcing Market 2020 & 2030 (USD Billion)