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Procurement Outsourcing-Global Market Insights and Sales Trends 2024
Synopsis
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.
The global Procurement Outsourcing market size is expected to reach US$ 9800.9 million by 2029, growing at a CAGR of 11.7% from 2023 to 2029. The market is mainly driven by the significant applications of Procurement Outsourcing in various end use industries. The expanding demands from the CPG and Retail and BFSI Sector, are propelling Procurement Outsourcing market. Direct Procurement, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Indirect Procurement segment is estimated at % CAGR for the next seven-year period.
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 Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Procurement Outsourcing, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Procurement Outsourcing market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Procurement Outsourcing market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Procurement Outsourcing sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Procurement Outsourcing covered in this report include IBM, Accenture, GEP, Infosys, Capgemini, Genpact, TCS, Xchanging and WNS, etc.
The global Procurement Outsourcing market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
IBM
Accenture
GEP
Infosys
Capgemini
Genpact
TCS
Xchanging
WNS
Global Procurement Outsourcing market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Procurement Outsourcing market, Segment by Type:
Direct Procurement
Indirect Procurement
Global Procurement Outsourcing market, by Application
CPG and Retail
BFSI Sector
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Procurement Outsourcing companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: 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 Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
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.
The global Procurement Outsourcing market size is expected to reach US$ 9800.9 million by 2029, growing at a CAGR of 11.7% from 2023 to 2029. The market is mainly driven by the significant applications of Procurement Outsourcing in various end use industries. The expanding demands from the CPG and Retail and BFSI Sector, are propelling Procurement Outsourcing market. Direct Procurement, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Indirect Procurement segment is estimated at % CAGR for the next seven-year period.
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 Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Procurement Outsourcing, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Procurement Outsourcing market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Procurement Outsourcing market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Procurement Outsourcing sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Procurement Outsourcing covered in this report include IBM, Accenture, GEP, Infosys, Capgemini, Genpact, TCS, Xchanging and WNS, etc.
The global Procurement Outsourcing market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
IBM
Accenture
GEP
Infosys
Capgemini
Genpact
TCS
Xchanging
WNS
Global Procurement Outsourcing market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Procurement Outsourcing market, Segment by Type:
Direct Procurement
Indirect Procurement
Global Procurement Outsourcing market, by Application
CPG and Retail
BFSI Sector
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Procurement Outsourcing companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: 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 Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Procurement Outsourcing
1.1 Procurement Outsourcing Market Overview
1.1.1 Procurement Outsourcing Product Scope
1.1.2 Procurement Outsourcing Market Status and Outlook
1.2 Global Procurement Outsourcing Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Procurement Outsourcing Market Size by Region (2018-2029)
1.4 Global Procurement Outsourcing Historic Market Size by Region (2018-2023)
1.5 Global Procurement Outsourcing Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Procurement Outsourcing Market Size (2018-2029)
1.6.1 North America Procurement Outsourcing Market Size (2018-2029)
1.6.2 Europe Procurement Outsourcing Market Size (2018-2029)
1.6.3 Asia-Pacific Procurement Outsourcing Market Size (2018-2029)
1.6.4 Latin America Procurement Outsourcing Market Size (2018-2029)
1.6.5 Middle East & Africa Procurement Outsourcing Market Size (2018-2029)
2 Procurement Outsourcing Market by Type
2.1 Introduction
2.1.1 Direct Procurement
2.1.2 Indirect Procurement
2.2 Global Procurement Outsourcing Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Procurement Outsourcing Historic Market Size by Type (2018-2023)
2.2.2 Global Procurement Outsourcing Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Procurement Outsourcing Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Procurement Outsourcing Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Procurement Outsourcing Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Procurement Outsourcing Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Procurement Outsourcing Revenue Breakdown by Type (2018-2029)
3 Procurement Outsourcing Market Overview by Application
3.1 Introduction
3.1.1 CPG and Retail
3.1.2 BFSI Sector
3.2 Global Procurement Outsourcing Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Procurement Outsourcing Historic Market Size by Application (2018-2023)
3.2.2 Global Procurement Outsourcing Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Procurement Outsourcing Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Procurement Outsourcing Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Procurement Outsourcing Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Procurement Outsourcing Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Procurement Outsourcing Revenue Breakdown by Application (2018-2029)
4 Procurement Outsourcing Competition Analysis by Players
4.1 Global Procurement Outsourcing Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Procurement Outsourcing as of 2022)
4.3 Date of Key Players Enter into Procurement Outsourcing Market
4.4 Global Top Players Procurement Outsourcing Headquarters and Area Served
4.5 Key Players Procurement Outsourcing Product Solution and Service
4.6 Competitive Status
4.6.1 Procurement Outsourcing Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 IBM
5.1.1 IBM Profile
5.1.2 IBM Main Business
5.1.3 IBM Procurement Outsourcing Products, Services and Solutions
5.1.4 IBM Procurement Outsourcing Revenue (US$ Million) & (2018-2023)
5.1.5 IBM Recent Developments
5.2 Accenture
5.2.1 Accenture Profile
5.2.2 Accenture Main Business
5.2.3 Accenture Procurement Outsourcing Products, Services and Solutions
5.2.4 Accenture Procurement Outsourcing Revenue (US$ Million) & (2018-2023)
5.2.5 Accenture Recent Developments
5.3 GEP
5.3.1 GEP Profile
5.3.2 GEP Main Business
5.3.3 GEP Procurement Outsourcing Products, Services and Solutions
5.3.4 GEP Procurement Outsourcing Revenue (US$ Million) & (2018-2023)
5.3.5 Infosys Recent Developments
5.4 Infosys
5.4.1 Infosys Profile
5.4.2 Infosys Main Business
5.4.3 Infosys Procurement Outsourcing Products, Services and Solutions
5.4.4 Infosys Procurement Outsourcing Revenue (US$ Million) & (2018-2023)
5.4.5 Infosys Recent Developments
5.5 Capgemini
5.5.1 Capgemini Profile
5.5.2 Capgemini Main Business
5.5.3 Capgemini Procurement Outsourcing Products, Services and Solutions
5.5.4 Capgemini Procurement Outsourcing Revenue (US$ Million) & (2018-2023)
5.5.5 Capgemini Recent Developments
5.6 Genpact
5.6.1 Genpact Profile
5.6.2 Genpact Main Business
5.6.3 Genpact Procurement Outsourcing Products, Services and Solutions
5.6.4 Genpact Procurement Outsourcing Revenue (US$ Million) & (2018-2023)
5.6.5 Genpact Recent Developments
5.7 TCS
5.7.1 TCS Profile
5.7.2 TCS Main Business
5.7.3 TCS Procurement Outsourcing Products, Services and Solutions
5.7.4 TCS Procurement Outsourcing Revenue (US$ Million) & (2018-2023)
5.7.5 TCS Recent Developments
5.8 Xchanging
5.8.1 Xchanging Profile
5.8.2 Xchanging Main Business
5.8.3 Xchanging Procurement Outsourcing Products, Services and Solutions
5.8.4 Xchanging Procurement Outsourcing Revenue (US$ Million) & (2018-2023)
5.8.5 Xchanging Recent Developments
5.9 WNS
5.9.1 WNS Profile
5.9.2 WNS Main Business
5.9.3 WNS Procurement Outsourcing Products, Services and Solutions
5.9.4 WNS Procurement Outsourcing Revenue (US$ Million) & (2018-2023)
5.9.5 WNS Recent Developments
6 North America
6.1 North America Procurement Outsourcing Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Procurement Outsourcing Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Procurement Outsourcing Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Procurement Outsourcing Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Procurement Outsourcing Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Procurement Outsourcing Market Dynamics
11.1 Procurement Outsourcing Industry Trends
11.2 Procurement Outsourcing Market Drivers
11.3 Procurement Outsourcing Market Challenges
11.4 Procurement Outsourcing Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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