Procurement outsourcing services is a process wherein a company engages an external service provider to manage their core and non-core purchase transactions and expenditures.
Procurement Outsourcing Services Market contains market size and forecasts of Procurement Outsourcing Services in Global, including the following market information:
- Global Procurement Outsourcing Services Market Revenue, 2017-2022, 2023-2028, ($ millions)
- Global top five companies in 2021 (%)
The global Procurement Outsourcing Services market was valued at 3116290 million in 2021 and is projected to reach US$ 5255410 million by 2028, at a CAGR of 7.8% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Category Management Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Procurement Outsourcing Services include Accenture, GEP, Genpact, Aquanima, Optimum Procurement, Corbus, Wipro, Infosys and HCL Technologies, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Procurement Outsourcing Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Procurement Outsourcing Services Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Procurement Outsourcing Services Market Segment Percentages, by Type, 2021 (%)
- Category Management
- Source Management
- Procurement Management
- Supplier Management
Global Procurement Outsourcing Services Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Procurement Outsourcing Services Market Segment Percentages, by Application, 2021 (%)
- BFSI
- Energy and Utilities
- Healthcare
- IT and Telecom
- Other
Global Procurement Outsourcing Services Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Procurement Outsourcing Services Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Procurement Outsourcing Services revenues in global market, 2017-2022 (estimated), ($ millions)
- Key companies Procurement Outsourcing Services revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Accenture
- GEP
- Genpact
- Aquanima
- Optimum Procurement
- Corbus
- Wipro
- Infosys
- HCL Technologies
- WNS
- IBM Corporation
Industry Market Size
