Global Procurement Outsourcing Market Size, Manufacturers, Opportunities and Forecast to 2030

April 2024 | 89 pages | ID: GBBD95732BFDEN
APO Research

Abstracts

Procure to pay (purchase to pay or P2P) is the process of obtaining and managing the raw materials needed for manufacturing a product or providing a service. It involves the transactional flow of data that is sent to a supplier as well as the data that surrounds the fulfillment of the actual order and payment for the product or service, the transfer of specified key procurement activities relating to sourcing and supplier management to a third party — perhaps to reduce overall costs or maybe to tighten the company's focus on its core competencies. Procurement categorisation and vendor management of indirect materials and services (commonly referred to as Indirect procurement) are typically the most popular outsourced activity.

According to APO Research, The global Procurement Outsourcing market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

Global Procurement Outsourcing main players are IBM, Accenture, GEP, Infosys, etc. Global top four manufacturers hold a share over 60%. North America is the largest market, with a share nearly 45%.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Procurement Outsourcing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Procurement Outsourcing.

The Procurement Outsourcing market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Procurement Outsourcing market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, gross margin by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

• IBM
• Accenture
• GEP
• Infosys
• Capgemini
• Genpact
• TCS
• Xchanging
• WNS

Procurement Outsourcing segment by Type

• Direct Procurement
• Indirect Procurement

Procurement Outsourcing segment by Application

• CPG and Retail
• BFSI Sector

Procurement Outsourcing Segment by Region

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia
• Latin America
• Mexico
• Brazil
• Argentina
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Procurement Outsourcing market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of Procurement Outsourcing and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in value), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market

5. This report helps stakeholders to gain insights into which regions to target globally

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Procurement Outsourcing.

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2019-2024, 2025-2030). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 3: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 4: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 5: Detailed analysis of Procurement Outsourcing companies' competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.

Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.

Chapter 12: Concluding Insights of the report

Chapter 12: Concluding Insights of the report

Contents

1 MARKET OVERVIEW

1.1 Product Definition
1.2 Global Market Growth Prospects
1.3 Global Procurement Outsourcing Market Size Overview by Region 2019 VS 2023 VS 2030
1.4 Global Procurement Outsourcing Market Size by Region (2019-2030)
  1.4.1 Global Procurement Outsourcing Market Size by Region (2019-2024)
  1.4.2 Global Procurement Outsourcing Market Size by Region (2025-2030)
1.5 Key Regions Procurement Outsourcing Market Size (2019-2030)
  1.5.1 North America Procurement Outsourcing Market Size Growth Rate (2019-2030)
  1.5.2 Europe Procurement Outsourcing Market Size Growth Rate (2019-2030)
  1.5.3 Asia-Pacific Procurement Outsourcing Market Size Growth Rate (2019-2030)
  1.5.4 Latin America Procurement Outsourcing Market Size Growth Rate (2019-2030)
  1.5.5 Middle East & Africa Procurement Outsourcing Market Size Growth Rate (2019-2030)

2 PROCUREMENT OUTSOURCING MARKET BY TYPE

2.1 Type Introduction
  2.1.1 Direct Procurement
  2.1.2 Indirect Procurement
2.2 Global Procurement Outsourcing Market Size by Type
  2.2.1 Global Procurement Outsourcing Market Size Overview by Type (2019-2030)
  2.2.2 Global Procurement Outsourcing Historic Market Size Review by Type (2019-2024)
  2.2.3 Global Procurement Outsourcing Market Size Forecasted by Type (2025-2030)
2.3 Global Procurement Outsourcing Market Size by Regions
  2.3.1 North America Procurement Outsourcing Market Size Breakdown by Type (2019-2024)
  2.3.2 Europe Procurement Outsourcing Market Size Breakdown by Type (2019-2024)
  2.3.3 Asia-Pacific Procurement Outsourcing Market Size Breakdown by Type (2019-2024)
  2.3.4 Latin America Procurement Outsourcing Market Size Breakdown by Type (2019-2024)
  2.3.5 Middle East and Africa Procurement Outsourcing Market Size Breakdown by Type (2019-2024)

3 PROCUREMENT OUTSOURCING MARKET BY APPLICATION

3.1 Type Introduction
  3.1.1 CPG and Retail
  3.1.2 BFSI Sector
3.2 Global Procurement Outsourcing Market Size by Application
  3.2.1 Global Procurement Outsourcing Market Size Overview by Application (2019-2030)
  3.2.2 Global Procurement Outsourcing Historic Market Size Review by Application (2019-2024)
  3.2.3 Global Procurement Outsourcing Market Size Forecasted by Application (2025-2030)
3.3 Global Procurement Outsourcing Market Size by Regions
  3.3.1 North America Procurement Outsourcing Market Size Breakdown by Application (2019-2024)
  3.3.2 Europe Procurement Outsourcing Market Size Breakdown by Application (2019-2024)
  3.3.3 Asia-Pacific Procurement Outsourcing Market Size Breakdown by Application (2019-2024)
  3.3.4 Latin America Procurement Outsourcing Market Size Breakdown by Application (2019-2024)
  3.3.5 Middle East and Africa Procurement Outsourcing Market Size Breakdown by Application (2019-2024)

4 GLOBAL MARKET DYNAMICS

4.1 Procurement Outsourcing Industry Trends
4.2 Procurement Outsourcing Industry Drivers
4.3 Procurement Outsourcing Industry Opportunities and Challenges
4.4 Procurement Outsourcing Industry Restraints

5 COMPETITIVE INSIGHTS BY COMPANY

5.1 Global Top Players by Procurement Outsourcing Revenue (2019-2024)
5.2 Global Procurement Outsourcing Industry Company Ranking, 2022 VS 2023 VS 2024
5.3 Global Procurement Outsourcing Key Company Headquarters & Area Served
5.4 Global Procurement Outsourcing Company, Product Type & Application
5.5 Global Procurement Outsourcing Company Commercialization Time
5.6 Market Competitive Analysis
  5.6.1 Global Procurement Outsourcing Market CR5 and HHI
  5.6.2 Global Top 5 and 10 Procurement Outsourcing Players Market Share by Revenue in 2023
  5.6.3 2023 Procurement Outsourcing Tier 1, Tier 2, and Tier

6 COMPANY PROFILES

6.1 IBM
  6.1.1 IBM Comapny Information
  6.1.2 IBM Business Overview
  6.1.3 IBM Procurement Outsourcing Revenue, Global Share and Gross Margin (2019-2024)
  6.1.4 IBM Procurement Outsourcing Product Portfolio
  6.1.5 IBM Recent Developments
6.2 Accenture
  6.2.1 Accenture Comapny Information
  6.2.2 Accenture Business Overview
  6.2.3 Accenture Procurement Outsourcing Revenue, Global Share and Gross Margin (2019-2024)
  6.2.4 Accenture Procurement Outsourcing Product Portfolio
  6.2.5 Accenture Recent Developments
6.3 GEP
  6.3.1 GEP Comapny Information
  6.3.2 GEP Business Overview
  6.3.3 GEP Procurement Outsourcing Revenue, Global Share and Gross Margin (2019-2024)
  6.3.4 GEP Procurement Outsourcing Product Portfolio
  6.3.5 GEP Recent Developments
6.4 Infosys
  6.4.1 Infosys Comapny Information
  6.4.2 Infosys Business Overview
  6.4.3 Infosys Procurement Outsourcing Revenue, Global Share and Gross Margin (2019-2024)
  6.4.4 Infosys Procurement Outsourcing Product Portfolio
  6.4.5 Infosys Recent Developments
6.5 Capgemini
  6.5.1 Capgemini Comapny Information
  6.5.2 Capgemini Business Overview
  6.5.3 Capgemini Procurement Outsourcing Revenue, Global Share and Gross Margin (2019-2024)
  6.5.4 Capgemini Procurement Outsourcing Product Portfolio
  6.5.5 Capgemini Recent Developments
6.6 Genpact
  6.6.1 Genpact Comapny Information
  6.6.2 Genpact Business Overview
  6.6.3 Genpact Procurement Outsourcing Revenue, Global Share and Gross Margin (2019-2024)
  6.6.4 Genpact Procurement Outsourcing Product Portfolio
  6.6.5 Genpact Recent Developments
6.7 TCS
  6.7.1 TCS Comapny Information
  6.7.2 TCS Business Overview
  6.7.3 TCS Procurement Outsourcing Revenue, Global Share and Gross Margin (2019-2024)
  6.7.4 TCS Procurement Outsourcing Product Portfolio
  6.7.5 TCS Recent Developments
6.8 Xchanging
  6.8.1 Xchanging Comapny Information
  6.8.2 Xchanging Business Overview
  6.8.3 Xchanging Procurement Outsourcing Revenue, Global Share and Gross Margin (2019-2024)
  6.8.4 Xchanging Procurement Outsourcing Product Portfolio
  6.8.5 Xchanging Recent Developments
6.9 WNS
  6.9.1 WNS Comapny Information
  6.9.2 WNS Business Overview
  6.9.3 WNS Procurement Outsourcing Revenue, Global Share and Gross Margin (2019-2024)
  6.9.4 WNS Procurement Outsourcing Product Portfolio
  6.9.5 WNS Recent Developments

7 NORTH AMERICA

7.1 North America Procurement Outsourcing Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.2 North America Procurement Outsourcing Market Size by Country (2019-2024)
7.3 North America Procurement Outsourcing Market Size Forecast by Country (2025-2030)

8 EUROPE

8.1 Europe Procurement Outsourcing Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.2 Europe Procurement Outsourcing Market Size by Country (2019-2024)
8.3 Europe Procurement Outsourcing Market Size Forecast by Country (2025-2030)

9 ASIA-PACIFIC

9.1 Asia-Pacific Procurement Outsourcing Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.2 Asia-Pacific Procurement Outsourcing Market Size by Country (2019-2024)
9.3 Asia-Pacific Procurement Outsourcing Market Size Forecast by Country (2025-2030)

10 LATIN AMERICA

10.1 Latin America Procurement Outsourcing Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.2 Latin America Procurement Outsourcing Market Size by Country (2019-2024)
10.3 Latin America Procurement Outsourcing Market Size Forecast by Country (2025-2030)

11 MIDDLE EAST & AFRICA

11.1 Middle East & Africa Procurement Outsourcing Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.2 Middle East & Africa Procurement Outsourcing Market Size by Country (2019-2024)
11.3 Middle East & Africa Procurement Outsourcing Market Size Forecast by Country (2025-2030)

12 CONCLUDING INSIGHTS

13 APPENDIX

13.1 Reasons for Doing This Study
13.2 Research Methodology
13.3 Research Process
13.4 Authors List of This Report
13.5 Data Source
  13.5.1 Secondary Sources
  13.5.2 Primary Sources