Procurement Outsourcing Market, Global Outlook and Forecast 2023-2029

Report ID: MMG38474 | Category: Service & Software | Pages: 68 | Format: PDF | Published Date: February 21,2023

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Report Summary

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.
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. This report contains market size and forecasts of Procurement Outsourcing in global, including the following market information:
Global Procurement Outsourcing Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Procurement Outsourcing market was valued at US$ 4607.2 million in 2022 and is projected to reach US$ 9684.7 million by 2029, at a CAGR of 11.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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%.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Procurement Outsourcing 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 Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Procurement Outsourcing Market Segment Percentages, by Type, 2022 (%)
    Direct Procurement
    Indirect Procurement
Global Procurement Outsourcing Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Procurement Outsourcing Market Segment Percentages, by Application, 2022 (%)
    CPG and Retail
    BFSI Sector
Global Procurement Outsourcing Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Procurement Outsourcing Market Segment Percentages, By Region and Country, 2022 (%)
    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 revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Procurement Outsourcing revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    IBM
    Accenture
    GEP
    Infosys
    Capgemini
    Genpact
    TCS
    Xchanging
    WNS
Outline of Major Chapters:
Chapter 1: Introduces the definition of Procurement Outsourcing, market overview.
Chapter 2: Global Procurement Outsourcing market size in revenue.
Chapter 3: Detailed analysis of Procurement Outsourcing company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6: Sales of Procurement Outsourcing in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.

1 Introduction to Research & Analysis Reports
    1.1 Procurement Outsourcing Market Definition
    1.2 Market Segments
        1.2.1 Market by Type
        1.2.2 Market by Application
    1.3 Global Procurement Outsourcing Market Overview
    1.4 Features & Benefits of This Report
    1.5 Methodology & Sources of Information
        1.5.1 Research Methodology
        1.5.2 Research Process
        1.5.3 Base Year
        1.5.4 Report Assumptions & Caveats
2 Global Procurement Outsourcing Overall Market Size
    2.1 Global Procurement Outsourcing Market Size: 2022 VS 2029
    2.2 Global Procurement Outsourcing Market Size, Prospects & Forecasts: 2018-2029
    2.3 Key Market Trends, Opportunity, Drivers and Restraints
        2.3.1 Market Opportunities & Trends
        2.3.2 Market Drivers
        2.3.3 Market Restraints
3 Company Landscape
    3.1 Top Procurement Outsourcing Players in Global Market
    3.2 Top Global Procurement Outsourcing Companies Ranked by Revenue
    3.3 Global Procurement Outsourcing Revenue by Companies
    3.4 Top 3 and Top 5 Procurement Outsourcing Companies in Global Market, by Revenue in 2022
    3.5 Global Companies Procurement Outsourcing Product Type
    3.6 Tier 1, Tier 2 and Tier 3 Procurement Outsourcing Players in Global Market
        3.6.1 List of Global Tier 1 Procurement Outsourcing Companies
        3.6.2 List of Global Tier 2 and Tier 3 Procurement Outsourcing Companies
4 Market Sights by Product
    4.1 Overview
        4.1.1 By Type - Global Procurement Outsourcing Market Size Markets, 2022 & 2029
        4.1.2 Direct Procurement
        4.1.3 Indirect Procurement
    4.2 By Type - Global Procurement Outsourcing Revenue & Forecasts
        4.2.1 By Type - Global Procurement Outsourcing Revenue, 2018-2023
        4.2.2 By Type - Global Procurement Outsourcing Revenue, 2024-2029
        4.2.3 By Type - Global Procurement Outsourcing Revenue Market Share, 2018-2029
5 Sights by Application
    5.1 Overview
        5.1.1 By Application - Global Procurement Outsourcing Market Size, 2022 & 2029
        5.1.2 CPG and Retail
        5.1.3 BFSI Sector
    5.2 By Application - Global Procurement Outsourcing Revenue & Forecasts
        5.2.1 By Application - Global Procurement Outsourcing Revenue, 2018-2023
        5.2.2 By Application - Global Procurement Outsourcing Revenue, 2024-2029
        5.2.3 By Application - Global Procurement Outsourcing Revenue Market Share, 2018-2029
6 Sights by Region
    6.1 By Region - Global Procurement Outsourcing Market Size, 2022 & 2029
    6.2 By Region - Global Procurement Outsourcing Revenue & Forecasts
        6.2.1 By Region - Global Procurement Outsourcing Revenue, 2018-2023
        6.2.2 By Region - Global Procurement Outsourcing Revenue, 2024-2029
        6.2.3 By Region - Global Procurement Outsourcing Revenue Market Share, 2018-2029
    6.3 North America
        6.3.1 By Country - North America Procurement Outsourcing Revenue, 2018-2029
        6.3.2 US Procurement Outsourcing Market Size, 2018-2029
        6.3.3 Canada Procurement Outsourcing Market Size, 2018-2029
        6.3.4 Mexico Procurement Outsourcing Market Size, 2018-2029
    6.4 Europe
        6.4.1 By Country - Europe Procurement Outsourcing Revenue, 2018-2029
        6.4.2 Germany Procurement Outsourcing Market Size, 2018-2029
        6.4.3 France Procurement Outsourcing Market Size, 2018-2029
        6.4.4 U.K. Procurement Outsourcing Market Size, 2018-2029
        6.4.5 Italy Procurement Outsourcing Market Size, 2018-2029
        6.4.6 Russia Procurement Outsourcing Market Size, 2018-2029
        6.4.7 Nordic Countries Procurement Outsourcing Market Size, 2018-2029
        6.4.8 Benelux Procurement Outsourcing Market Size, 2018-2029
    6.5 Asia
        6.5.1 By Region - Asia Procurement Outsourcing Revenue, 2018-2029
        6.5.2 China Procurement Outsourcing Market Size, 2018-2029
        6.5.3 Japan Procurement Outsourcing Market Size, 2018-2029
        6.5.4 South Korea Procurement Outsourcing Market Size, 2018-2029
        6.5.5 Southeast Asia Procurement Outsourcing Market Size, 2018-2029
        6.5.6 India Procurement Outsourcing Market Size, 2018-2029
    6.6 South America
        6.6.1 By Country - South America Procurement Outsourcing Revenue, 2018-2029
        6.6.2 Brazil Procurement Outsourcing Market Size, 2018-2029
        6.6.3 Argentina Procurement Outsourcing Market Size, 2018-2029
    6.7 Middle East & Africa
        6.7.1 By Country - Middle East & Africa Procurement Outsourcing Revenue, 2018-2029
        6.7.2 Turkey Procurement Outsourcing Market Size, 2018-2029
        6.7.3 Israel Procurement Outsourcing Market Size, 2018-2029
        6.7.4 Saudi Arabia Procurement Outsourcing Market Size, 2018-2029
        6.7.5 UAE Procurement Outsourcing Market Size, 2018-2029
7 Procurement Outsourcing Companies Profiles
    7.1 IBM
        7.1.1 IBM Company Summary
        7.1.2 IBM Business Overview
        7.1.3 IBM Procurement Outsourcing Major Product Offerings
        7.1.4 IBM Procurement Outsourcing Revenue in Global Market (2018-2023)
        7.1.5 IBM Key News & Latest Developments
    7.2 Accenture
        7.2.1 Accenture Company Summary
        7.2.2 Accenture Business Overview
        7.2.3 Accenture Procurement Outsourcing Major Product Offerings
        7.2.4 Accenture Procurement Outsourcing Revenue in Global Market (2018-2023)
        7.2.5 Accenture Key News & Latest Developments
    7.3 GEP
        7.3.1 GEP Company Summary
        7.3.2 GEP Business Overview
        7.3.3 GEP Procurement Outsourcing Major Product Offerings
        7.3.4 GEP Procurement Outsourcing Revenue in Global Market (2018-2023)
        7.3.5 GEP Key News & Latest Developments
    7.4 Infosys
        7.4.1 Infosys Company Summary
        7.4.2 Infosys Business Overview
        7.4.3 Infosys Procurement Outsourcing Major Product Offerings
        7.4.4 Infosys Procurement Outsourcing Revenue in Global Market (2018-2023)
        7.4.5 Infosys Key News & Latest Developments
    7.5 Capgemini
        7.5.1 Capgemini Company Summary
        7.5.2 Capgemini Business Overview
        7.5.3 Capgemini Procurement Outsourcing Major Product Offerings
        7.5.4 Capgemini Procurement Outsourcing Revenue in Global Market (2018-2023)
        7.5.5 Capgemini Key News & Latest Developments
    7.6 Genpact
        7.6.1 Genpact Company Summary
        7.6.2 Genpact Business Overview
        7.6.3 Genpact Procurement Outsourcing Major Product Offerings
        7.6.4 Genpact Procurement Outsourcing Revenue in Global Market (2018-2023)
        7.6.5 Genpact Key News & Latest Developments
    7.7 TCS
        7.7.1 TCS Company Summary
        7.7.2 TCS Business Overview
        7.7.3 TCS Procurement Outsourcing Major Product Offerings
        7.7.4 TCS Procurement Outsourcing Revenue in Global Market (2018-2023)
        7.7.5 TCS Key News & Latest Developments
    7.8 Xchanging
        7.8.1 Xchanging Company Summary
        7.8.2 Xchanging Business Overview
        7.8.3 Xchanging Procurement Outsourcing Major Product Offerings
        7.8.4 Xchanging Procurement Outsourcing Revenue in Global Market (2018-2023)
        7.8.5 Xchanging Key News & Latest Developments
    7.9 WNS
        7.9.1 WNS Company Summary
        7.9.2 WNS Business Overview
        7.9.3 WNS Procurement Outsourcing Major Product Offerings
        7.9.4 WNS Procurement Outsourcing Revenue in Global Market (2018-2023)
        7.9.5 WNS Key News & Latest Developments
8 Conclusion
9 Appendix
    9.1 Note
    9.2 Examples of Clients
    9.3 Disclaimer

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Procurement Outsourcing Market, Global Outlook and Forecast 2023-2029

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