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    Procurement Outsourcing Market Analysis

    ID: MRFR/ICT/6123-HCR
    100 Pages
    Aarti Dhapte
    September 2025

    Procurement Outsourcing Market Research Report Information By Component Solution (Solution, Service), By Deployment (On-Premise, Cloud), By Organization Size (Small and Medium-sized Enterprises (SMEs), Large Enterprises) By Vertical (Banking Financial Services and Insurance (BFSI), Healthcare, IT & Telecommunication) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World)...

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    Market Analysis

    In-depth Analysis of Procurement Outsourcing Market Industry Landscape

    The Procurement Outsourcing market is undergoing dynamic transformations, driven by the increasing recognition among businesses of the strategic advantages offered by outsourcing non-core procurement functions. Procurement outsourcing involves delegating procurement processes to external service providers, allowing organizations to focus on their core competencies while benefiting from cost savings, operational efficiency, and access to specialized expertise. The market dynamics are shaped by a combination of factors, with one key driver being the growing complexity of global supply chains and the need for streamlined procurement operations. One significant influence on market dynamics is the relentless pursuit of cost optimization and efficiency gains by organizations. In an era marked by global competition and economic uncertainties, companies seek ways to reduce operational costs and enhance their bottom line. Procurement outsourcing presents a compelling solution, offering economies of scale, process standardization, and access to advanced technologies that can automate routine tasks. As businesses increasingly view procurement as a strategic function that goes beyond cost savings, the demand for outsourced procurement services continues to rise. The rapid advancements in technology, particularly in areas like artificial intelligence, robotic process automation, and data analytics, contribute significantly to the dynamics of the Procurement Outsourcing market. Service providers leverage these technologies to automate routine procurement tasks, enhance data-driven decision-making, and optimize supply chain visibility. Organizations benefit from real-time insights, improved risk management, and the ability to make informed procurement decisions. The integration of technology into procurement outsourcing services positions the market to address the evolving needs of modern businesses. Moreover, the global nature of business operations and the increasing complexity of supply chains are driving the dynamics of the Procurement Outsourcing market. Companies with diverse and international supplier networks face challenges in managing procurement processes efficiently across different regions and compliance landscapes. Procurement outsourcing providers, equipped with global expertise and local market knowledge, help organizations navigate these complexities. This global perspective is a crucial factor influencing market dynamics as businesses seek partners capable of supporting their procurement needs on a global scale. The COVID-19 pandemic has also played a role in shaping the dynamics of the Procurement Outsourcing market. The disruptions caused by the pandemic highlighted the importance of resilient and adaptable supply chains. Organizations turned to procurement outsourcing as a strategic response to enhance their supply chain agility, manage risks, and ensure business continuity. The pandemic underscored the need for flexibility in procurement operations, and this has contributed to an increased interest in outsourcing as a means to build more resilient supply chains. However, challenges such as data security concerns, the potential loss of control over certain aspects of the procurement process, and the need for effective collaboration between the client and the outsourcing provider persist. Service providers are actively addressing these challenges by implementing robust cybersecurity measures, ensuring transparency in operations, and fostering strong communication channels with their clients.

    Market Summary

    As per Market Research Future Analysis, the Procurement Outsourcing Market is projected to grow from USD 3.75 Billion in 2024 to USD 10.47 Billion by 2032, with a CAGR of 13.70% during the forecast period. The market was valued at USD 3.30 Billion in 2023, driven by the need for efficiency and effectiveness across various sectors such as energy, healthcare, and life sciences. Technological advancements, including AI and machine learning, are enhancing scalability and reducing costs, while the demand for simplified procurement processes is also contributing to growth. However, outsourcing risks and management challenges remain obstacles.

    Key Market Trends & Highlights

    Key trends driving the Procurement Outsourcing Market include technological advancements and sector-specific demands.

    • Market size in 2023: USD 3.30 Billion.
    • Projected market size by 2032: USD 10.47 Billion.
    • CAGR from 2024 to 2032: 13.70%.
    • Dominant segment: Cloud-based solutions due to scalability and cost-effectiveness.

    Market Size & Forecast

    2023 Market Size USD 3.30 Billion
    2024 Market Size USD 3.75 Billion
    2032 Market Size USD 10.47 Billion
    CAGR 13.70%.

    Major Players

    Key players include Accenture (Ireland), GEP (US), IBM Corporation (US), Tata Consultancy Services (India), Infosys Limited (India), and Capgemini (France).

    Market Trends

    Technological advancements are driving the market growth

    During the projection period, adoption of cutting-edge technology to streamline corporate processes will fuel market expansion for procurement outsourcing. Companies are eager to implement these technologies to increase their scalability and flexibility and lower overall operating costs. With the aid of software as a service, businesses are outsourcing their business operations to a third-party company so they can concentrate on their core capabilities. Additionally, commercial operations are becoming automated thanks to artificial intelligence and machine learning. This factor drives the market CAGR.

    Additionally, the growth of the procurement outsourcing market is driven by several factors, including the need to adopt new IT solutions aligned with consumer trends, the demand for simplified procurement processes by enterprises, and the management of compliance policies and agreements. However, outsourcing risks and management difficulties pose obstacles to market growth. On the other hand, technological advancements, increased demand from the manufacturing sectors, and the adoption of AI and big data technologies present promising opportunities for market growth in the forecast period. Thus, driving the Procurement Outsourcing market revenue.

    The ongoing evolution of the Global Procurement Outsourcing Market suggests a growing reliance on strategic partnerships to enhance operational efficiency and drive innovation across industries.

    U.S. Department of Commerce

    Procurement Outsourcing Market Market Drivers

    Cost Efficiency

    The Global Procurement Outsourcing Market Industry is driven by the need for cost efficiency among organizations. By outsourcing procurement functions, companies can reduce operational costs significantly. For instance, businesses can save up to 30 percent on procurement expenses by leveraging the expertise of specialized outsourcing firms. This trend is particularly evident in sectors such as manufacturing and retail, where cost control is paramount. As the market is projected to reach 3.75 USD Billion in 2024, the emphasis on cost reduction is likely to propel further investments in procurement outsourcing.

    Regulatory Compliance

    Regulatory compliance is a critical driver of the Global Procurement Outsourcing Market Industry. Organizations face increasing pressure to adhere to various regulations and standards, which can complicate procurement processes. By outsourcing these functions, companies can leverage the expertise of specialized firms that are well-versed in compliance requirements. This approach not only mitigates risks associated with non-compliance but also streamlines procurement operations. As regulatory landscapes evolve, the demand for procurement outsourcing is expected to rise, further contributing to the market's growth trajectory.

    Market Growth Projections

    The Global Procurement Outsourcing Market Industry is projected to experience substantial growth in the coming years. With an anticipated market size of 3.75 USD Billion in 2024, the industry is expected to expand significantly, reaching 15.4 USD Billion by 2035. This growth represents a remarkable CAGR of 13.7 percent from 2025 to 2035. Such projections indicate a robust demand for procurement outsourcing services as organizations increasingly seek to enhance efficiency, reduce costs, and navigate complex supply chains. The market's trajectory suggests a promising future for procurement outsourcing as a strategic business function.

    Focus on Core Competencies

    Organizations increasingly recognize the importance of focusing on core competencies, which drives the Global Procurement Outsourcing Market Industry. By outsourcing procurement activities, companies can concentrate on their primary business functions, enhancing overall productivity. This shift allows firms to allocate resources more effectively, leading to improved performance and innovation. For example, technology firms often outsource procurement to streamline operations and enhance their competitive edge. As the market evolves, this trend is expected to contribute to a projected growth to 15.4 USD Billion by 2035, indicating a sustained interest in outsourcing.

    Technological Advancements

    Technological advancements play a crucial role in shaping the Global Procurement Outsourcing Market Industry. The integration of artificial intelligence, machine learning, and data analytics into procurement processes enhances efficiency and decision-making. These technologies enable organizations to analyze supplier performance, optimize inventory management, and predict market trends more accurately. As firms adopt these innovations, they are likely to experience increased agility and responsiveness in their procurement strategies. The growing reliance on technology is expected to support the market's expansion, with a projected CAGR of 13.7 percent from 2025 to 2035.

    Globalization of Supply Chains

    The globalization of supply chains significantly influences the Global Procurement Outsourcing Market Industry. As businesses expand their operations internationally, they encounter complex procurement challenges that require specialized knowledge and resources. Outsourcing procurement functions allows companies to navigate these complexities more effectively, ensuring compliance with local regulations and optimizing supplier relationships. For instance, multinational corporations often rely on procurement outsourcing to manage diverse supplier bases across different regions. This trend is likely to continue driving market growth, as organizations seek to enhance their global procurement capabilities.

    Market Segment Insights

    Procurement Outsourcing Component Solution Insights

    The Procurement Outsourcing market segmentation, based on component solutions, includes solutions and services. The solution segment dominated the market because organizations are increasingly outsourcing their procurement activities to specialized service providers to optimize costs, improve efficiency, and enhance their focus on core business operations. Procurement solutions offer comprehensive tools and technologies to streamline procurement processes, manage supplier relationships, ensure compliance, and achieve strategic sourcing objectives.

    Figure 2: Procurement Outsourcing Market, by Component Solution, 2023 & 2032 (USD billion)

    Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

    Procurement Outsourcing Deployment Insights

    Based on Deployment, the Procurement Outsourcing market segmentation includes on-premise and Cloud. The dominance of the cloud segment in the procurement outsourcing market can be attributed to its inherent benefits, such as scalability, flexibility, cost-effectiveness, and ease of implementation. Cloud-based solutions enable organizations to access procurement services and data seamlessly, anytime and anywhere, using any device, providing convenience and accessibility.

    Procurement Outsourcing Organization Size Insights

    Based on organization size, the Procurement Outsourcing market segmentation includes small and medium-sized enterprises (SMEs) and large enterprises. The large enterprise segment dominated the market because large enterprises typically have more complex procurement needs, higher transaction volumes, and larger budgets, making outsourcing a more viable option for them. Large enterprises often have diverse supplier networks, operations, and the need for specialized procurement expertise.

    Procurement Outsourcing Vertical Insights

    Based on Vertical, the Procurement Outsourcing market segmentation includes banking, financial services and insurance (BFSI), healthcare, IT & Telecommunication. The dominance of the banking, financial services, and insurance (BFSI) segment in the procurement outsourcing market is driven by its complex procurement requirements, such as regulatory compliance, risk management, and cost optimization. The BFSI industry relies on robust procurement solutions to address these specific needs.

    Get more detailed insights about Procurement Outsourcing Market Research Report – Global Forecast till 2032

    Regional Insights

    By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American procurement outsourcing market will dominate due to the increased need to drive efficiency and effectiveness and will boost the market growth in this Region.

    Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Figure 3: PROCUREMENT OUTSOURCING MARKET SHARE BY REGION 2023 (%)

    PROCUREMENT OUTSOURCING MARKET SHARE BY REGION

    Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

    Europe's Procurement Outsourcing market accounts for the second-largest market share because procurement outsourcing is witnessing growth across various verticals, including energy and utilities, healthcare, and life sciences. The increased adoption of procurement outsourcing services in these industries contributes to market expansion. Further, the German Procurement Outsourcing market held the largest market share, and the UK Procurement Outsourcing market was the fastest-growing market in the European Region.

    The Asia-Pacific Procurement Outsourcing Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to adoption in the manufacturing vertical. The verticals include retail and consumer goods, manufacturing, IT, and telecommunications. Moreover, China’s Procurement Outsourcing market held the largest market share, and the Indian Procurement Outsourcing market was the fastest-growing market in the Asia-Pacific region.

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Procurement Outsourcing market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Procurement Outsourcing industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Procurement Outsourcing industry to benefit clients and increase the market sector. In recent years, the Procurement Outsourcing industry has offered some of the most significant advantages to medicine.

    Major players in the Procurement Outsourcing market, including Accenture (Ireland), GEP (US), e-Business International Inc. (US), IBM Corporation (US), Tata Consultancy Services (India), Infosys Limited (India), Capgemini (France) Genpact (US) Wipro Limited (India) WNS (Holdings) Ltd. (India) Corbus LLC (US) HCL Technologies Limited (India)., and others, are attempting to increase market demand by investing in research and development operations.

    Robert Atkins formed Atkins Nutritionals, Inc. to promote the Atkins diet's low-carbohydrate packaged meals. It is now a subsidiary of The Simply Good Foods Company. Low-carbohydrate bars shakes, and snacks are available from the company. Atkins Nutritionals, Inc. was formed in 1989 as Complementary Formulations. In 1998, the company was renamed Atkins Nutritionals. It was created to enhance the Atkins diet. Atkins created the plan after reading a research paper in the Journal of the American Medical Association. Alfred W. Pennington published the paper "Weight Reduction" in 1958. Atkins used the study's findings to help him overcome his obesity.

    In May 2019,A partnership agreement between Atkins and CHEF'D was signed. Our collaboration sought to create a low-carb meal solution for consumers concerned about their health and lifestyle.

    Brunswick Corporation is an American company with a diverse portfolio of products. With over 13,000 employees in 24 countries, Brunswick is involved in inventing, manufacturing, and distributing various products, including boating brands like Sea Ray, Boston Whaler, and Mercury Marine. In June 2019, Brunswick partnered with VIR Zoom to launch the VIR Zoom solution, aiming to enhance the virtual reality experience of Life Fitness' se3 explore bikes. This collaboration has the potential to revolutionize the fitness industry.

    Infosys Limited, an Indian multinational IT company, offers business consulting, IT, and outsourcing services. Founded in Pune and headquartered in Bangalore, Infosys recently announced its acquisition of BASE life science in Europe. This strategic move aims to unlock the business potential of life sciences companies by accelerating clinical trials, enhancing drug development, leveraging cloud-first digital platforms and data, and ultimately improving health outcomes.

    Key Companies in the Procurement Outsourcing Market market include

    Industry Developments

    • Q2 2024: Accenture acquires UK-based procurement consultancy Xoomworks Accenture announced the acquisition of Xoomworks, a UK-based procurement consultancy, to strengthen its procurement outsourcing and digital procurement capabilities in Europe.
    • Q1 2024: WNS Acquires The Smart Cube and OptiBuy to Expand Procurement Outsourcing Portfolio WNS announced the acquisition of The Smart Cube and OptiBuy, enhancing its procurement outsourcing and analytics offerings for global clients.
    • Q2 2024: Genpact Appoints New Global Head of Procurement Outsourcing Genpact named a new Global Head of Procurement Outsourcing to drive growth and innovation in its procurement services business.
    • Q2 2024: Infosys and Coupa Announce Strategic Partnership to Transform Procurement Outsourcing Infosys and Coupa entered a strategic partnership to deliver digital procurement outsourcing solutions, combining Infosys' process expertise with Coupa's technology platform.
    • Q3 2024: Capgemini wins multi-year procurement outsourcing contract with European energy major Capgemini secured a multi-year procurement outsourcing contract with a leading European energy company, expanding its presence in the energy sector.
    • Q2 2024: IBM launches new AI-powered procurement outsourcing platform IBM unveiled a new AI-powered procurement outsourcing platform designed to automate sourcing, supplier management, and contract compliance for enterprise clients.
    • Q1 2024: Tata Consultancy Services Expands Procurement Outsourcing Operations in Poland Tata Consultancy Services (TCS) announced the opening of a new procurement outsourcing delivery center in Poland to serve European clients.
    • Q2 2024: HCLTech and SAP Announce Joint Procurement Outsourcing Solution HCLTech and SAP launched a joint procurement outsourcing solution, integrating SAP's procurement software with HCLTech's managed services.
    • Q3 2024: GEP Wins Procurement Outsourcing Contract with Global Consumer Goods Company GEP secured a procurement outsourcing contract with a major global consumer goods company to manage sourcing and supplier relationships.
    • Q2 2024: Cognizant Appoints New Head of Procurement Outsourcing Services Cognizant announced the appointment of a new executive to lead its procurement outsourcing services division.
    • Q1 2025: Accenture launches cloud-based procurement outsourcing platform for mid-market clients Accenture introduced a new cloud-based procurement outsourcing platform aimed at mid-market enterprises, offering scalable sourcing and spend management solutions.
    • Q2 2025: Wipro secures procurement outsourcing deal with US healthcare provider Wipro signed a procurement outsourcing agreement with a major US healthcare provider, expanding its footprint in the healthcare sector.

    Future Outlook

    Procurement Outsourcing Market Future Outlook

    The Procurement Outsourcing Market is projected to grow at a 13.7% CAGR from 2024 to 2035, driven by digital transformation, cost optimization, and strategic supplier partnerships.

    New opportunities lie in:

    • Leverage AI-driven analytics to enhance procurement decision-making processes.
    • Develop sustainable sourcing strategies to meet increasing regulatory demands.
    • Expand service offerings to include end-to-end supply chain management solutions.

    By 2035, the Procurement Outsourcing Market is expected to be robust, reflecting significant advancements and strategic innovations.

    Market Segmentation

    Procurement Outsourcing Regional Outlook

    • US
    • Canada
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    • Middle East
    • Africa

    Procurement Outsourcing By Vertical Outlook

    • Banking Financial Services and Insurance (BFSI)
    • Healthcare
    • IT & Telecommunication

    Procurement Outsourcing By Deployment Outlook

    • On-Premise
    • Cloud

    Procurement Outsourcing By Organization Size Outlook

    • Small and medium-sized enterprises (SMEs)
    • Large enterprises

    Procurement Outsourcing By Component Solution Outlook

    • Solution
    • Service

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 USD 3.30 billion
    Market Size 2024 USD 3.75 billion
    Market Size 2032 USD 10.47 billion
    Compound Annual Growth Rate (CAGR) 13.70%(2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018- 2022
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Component Solution, Deployment, Organization Size, and Region
    Geographies Covered North America, Europe, AsiaPacific, and the Rest of the World
    Countries Covered The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled  Accenture (Ireland) GEP (US) e-Business International Inc. (US) IBM Corporation (US) Tata Consultancy Services (India) Infosys Limited (India) Capgemini (France) Genpact (US) Wipro Limited (India) WNS (Holdings) Ltd. (India) Corbus LLC (US) HCL Technologies Limited (India).
    Key Market Opportunities The increasing adoption of procurement outsourcing services across verticals such as energy and utilities, healthcare, and life sciences
    Key Market Dynamics Increased need to drive efficiency and effectiveness

    Market Highlights

    Author

    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    Latest Comments

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    This is a great article! Really helped me understand the topic better.

    Posted on July 23, 2025, 10:15 AM
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    Thanks for sharing this. I’ve bookmarked it for later reference.

    Posted on July 22, 2025, 7:45 PM
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    FAQs

    How much is the Procurement Outsourcing market?

    The Procurement Outsourcing market size was valued at USD 3.30 Billion in 2023.

    What is the growth rate of the Procurement Outsourcing market?

    The market is projected to grow at a CAGR of 13.70% during the forecast period, 2023-2032.

    Which RegionRegion held the largest market share in the Procurement Outsourcing market?

    North America had the largest share of the market

    Who are the key players in the Procurement Outsourcing market?

    The key players in the market are Accenture (Ireland), GEP (US), e-Business International Inc. (US), IBM Corporation (US), Tata Consultancy Services (India), Infosys Limited (India), Capgemini (France), Genpact (US) Wipro Limited (India) WNS (Holdings) Ltd.

    Which Component Solution led the Procurement Outsourcing market?

    The Solution Procurement Outsourcing category dominated the market in 2022.

    Which Deployment had the largest market share in the Procurement Outsourcing market?

    The Cloud had the largest share of the market.

    1. 1    Executive Summary
      1.     Market Attractiveness Analysis
        1.     Global Procurement
    2. Outsourcing Market, by Component
      1.     Global Procurement
    3. Outsourcing Market, by Deployment
      1.     Global Procurement
    4. Outsourcing Market, by Organization Size
      1.     Global Procurement
    5. Outsourcing Market, by Vertical
      1.     Procurement Outsourcing Market, by Region
    6. 2    Scope of the Report
      1.     Market Definition
      2.     Scope of the Study
      3.     Market Structure
      4.     Key Buying Criteria
      5.   
    7.  Macro Factor Indicator Analysis
    8. 3    Market Research Methodology
      1.     Research Process
      2.     Primary Research
      3.     Secondary Research
      4.     Market Size Estimation
      5.     Forecast Model
      6.     List of Assumptions 4    Market Insights 5  
    9.  Industry Overview of the Global Procurement Outsourcing Market 
      1.     Introduction
      2.     Drivers
        1. Need to drive efficiencies
    10. and effectiveness in the supply chain
      1. Need to adhere to regulatory guidelines and ensure compliance 
        1. Leverage external sourcing expertise and technology
        2. Drivers Impact Analysis
      2.     Restraints
        1. Data Privacy and Integrity
        2. Restraints Impact Analysis
      3.     Opportunities
        1. Adoption of AI and Big Data Technologies
    11. Increasing Acceptance across Verticals
    12. 6    Market Factor Analysis
      1.     Porter’s Five Forces Analysis
        1.   
    13.  Threat of New Entrants
      1.     Bargaining Power of Suppliers
        1.     Bargaining Power of Buyers
        2.     Threat of Substitutes
        3.     Segment Rivalry
      2.   
    14.  Value Chain/Supply Chain of the Global Procurement Outsourcing Market 
      1.     Introduction
      2.     Solutions 
        1. Market
    15. Estimates & Forecast, 2020–2027
      1. Market Estimates & Forecast, by Region, 2020–2027
      2.      Services
        1. Market
    16. Estimates & Forecast, 2020–2027
      1. Market Estimates & Forecast, by Region, 2020–2027
      2.     Introduction
      3.     On-Premise
        1. Market Estimates & Forecast, 2020–2027
        2. Market Estimates & Forecast, by Region, 2020–2027
      4.     Cloud
        1. Market Estimates & Forecast, 2020–2027
    17. Market Estimates & Forecast, by Region, 2020–2027
    18. Procurement Outsourcing Market, by Organization Size
      1.     Introduction
      2.     Large Enterprises
        1. Market Estimates & Forecast, 2020–2027
        2. Market Estimates & Forecast, by Region, 2020–2027
      3.     Small and Medium-Sized Enterprises
        1. Market Estimates & Forecast, 2020–2027
        2. Market Estimates & Forecast, by Region, 2020–2027
      4.     Introduction
      5.     BFSI
    19. Market Estimates & Forecast, 2020–2027
      1. Market Estimates
    20. Forecast, by Region, 2020–2027
      1.     Healthcare
    21. Market Estimates & Forecast, 2020–2027
      1. Market Estimates
    22. Forecast, by Region, 2020–2027
      1.     IT & Telecommunication
        1. Market Estimates & Forecast, 2020–2027
        2. Market Estimates
    23. & Forecast, by Region, 2020–2027
      1.     Retail
    24. Consumer Products and Goods
      1. Market Estimates & Forecast, 2020–2027
        1. Market Estimates & Forecast, by Region, 2020–2027
      2.     Manufacturing
        1. Market Estimates & Forecast, 2020–2027
        2. Market Estimates & Forecast, by Region, 2020–2027
      3.     Others
        1. Market Estimates & Forecast, 2020–2027
    25. Market Estimates & Forecast, by Region, 2020–2027
    26.  Global Procurement Outsourcing Market, by Region
      1.     Introduction
      2.     North America
        1. Market Estimates & Forecast, 2020–2027
        2. Market Estimates & Forecast, by Component, 2020–2027
        3. Market Estimates & Forecast, by Deployment Mode, 2020–2027
        4. Market Estimates & Forecast, by Organization Size, 2020–2027
        5. Market Estimates & Forecast, by Vertical, 2020–2027
        6.     US
    27. Market Estimates & Forecast, by Deployment Mode, 2020–2027
    28. Market Estimates & Forecast, by Organization Size, 2020–2027
    29. Market Estimates & Forecast, by Vertical, 2020–2027
      1.     Canada
        1. Market Estimates & Forecast, 2020–2027
    30. Market Estimates & Forecast, by Component, 2020–2027
      1. Market
    31. Estimates & Forecast, by Deployment Mode, 2020–2027
      1. Market
    32. Estimates & Forecast, by Organization Size, 2020–2027
      1. Market
    33. Estimates & Forecast, by Vertical, 2020–2027
      1.     Mexico
        1. Market Estimates & Forecast, 2020–2027
    34. Estimates & Forecast, by Component, 2020–2027
      1. Market Estimates
    35. & Forecast, by Deployment Mode, 2020–2027
      1. Market Estimates
    36. & Forecast, by Organization Size, 2020–2027
      1. Market Estimates
    37. & Forecast, by Vertical, 2020–2027
      1.     Europe
        1. Market Estimates & Forecast, 2020–2027
        2. Market Estimates
    38. & Forecast, by Component, 2020–2027
      1. Market Estimates
    39. Forecast, by Deployment Mode, 2020–2027
      1. Market Estimates
    40. Forecast, by Organization Size, 2020–2027
      1. Market Estimates
    41. Forecast, by Vertical, 2020–2027
      1.     Germany
        1. Market Estimates & Forecast, 2020–2027
    42. Estimates & Forecast, by Component, 2020–2027
      1. Market Estimates
    43. & Forecast, by Deployment Mode, 2020–2027
      1. Market Estimates
    44. & Forecast, by Organization Size, 2020–2027
      1. Market Estimates
    45. & Forecast, by Vertical, 2020–2027
      1.     France
        1. Market Estimates & Forecast, 2020–2027
    46. Estimates & Forecast, by Component, 2020–2027
      1. Market Estimates
    47. & Forecast, by Deployment Mode, 2020–2027
      1. Market Estimates
    48. & Forecast, by Organization Size, 2020–2027
      1. Market Estimates
    49. & Forecast, by Vertical, 2020–2027
      1.     UK
        1. Market Estimates & Forecast, 2020–2027
    50. Estimates & Forecast, by Component, 2020–2027
      1. Market Estimates
    51. & Forecast, by Deployment Mode, 2020–2027
      1. Market Estimates
    52. & Forecast, by Organization Size, 2020–2027
      1. Market Estimates
    53. & Forecast, by Vertical, 2020–2027
      1.     Rest of Europe
        1. Market Estimates & Forecast, 2020–2027
    54. Market Estimates & Forecast, by Component, 2020–2027
      1. Market
    55. Estimates & Forecast, by Deployment Mode, 2020–2027
      1. Market
    56. Estimates & Forecast, by Organization Size, 2020–2027
      1. Market
    57. Estimates & Forecast, by Vertical, 2020–2027
      1.     Asia-Pacific
        1. Market Estimates & Forecast, 2020–2027
        2. Market Estimates & Forecast, by Component, 2020–2027
    58. Market Estimates & Forecast, by Deployment Mode, 2020–2027
    59. Market Estimates & Forecast, by Organization Size, 2020–2027
    60. Market Estimates & Forecast, by Vertical, 2020–2027
      1.     China
        1. Market Estimates & Forecast, 2020–2027
    61. Market Estimates & Forecast, by Component, 2020–2027
      1. Market
    62. Estimates & Forecast, by Deployment Mode, 2020–2027
      1. Market
    63. Estimates & Forecast, by Organization Size, 2020–2027
      1. Market
    64. Estimates & Forecast, by Vertical, 2020–2027
      1.     India
        1. Market Estimates & Forecast, 2020–2027
    65. Estimates & Forecast, by Component, 2020–2027
      1. Market Estimates
    66. & Forecast, by Deployment Mode, 2020–2027
      1. Market Estimates
    67. & Forecast, by Organization Size, 2020–2027
      1. Market Estimates
    68. & Forecast, by Vertical, 2020–2027
      1.     Japan
        1. Market Estimates & Forecast, 2020–2027
    69. Estimates & Forecast, by Component, 2020–2027
      1. Market Estimates
    70. & Forecast, by Deployment Mode, 2020–2027
      1. Market Estimates
    71. & Forecast, by Organization Size, 2020–2027
      1. Market Estimates
    72. & Forecast, by Vertical, 2020–2027
      1.     Rest of Asia-Pacific
        1. Market Estimates & Forecast, 2020–2027
    73. Market Estimates & Forecast, by Deployment Mode, 2020–2027
    74. Market Estimates & Forecast, by Organization Size, 2020–2027
    75. Market Estimates & Forecast, by Vertical, 2020–2027
      1.   
    76.  Rest of the World 
      1. Market Estimates & Forecast, 2020–2027
        1. Market Estimates & Forecast, by Component, 2020–2027
    77. Market Estimates & Forecast, by Deployment Mode, 2020–2027
    78. Market Estimates & Forecast, by Organization Size, 2020–2027
    79. Market Estimates & Forecast, by Vertical, 2020–2027
      1.   
    80.  Middle East & Africa
      1. Market Estimates & Forecast, 2020–2027
        1. Market Estimates & Forecast, by Component, 2020–2027
    81. Market Estimates & Forecast, by Deployment Mode, 2020–2027
    82. Market Estimates & Forecast, by Organization Size, 2020–2027
    83. Market Estimates & Forecast, by Vertical, 2020–2027
      1.     South America
        1. Market Estimates & Forecast, 2020–2027
    84. Market Estimates & Forecast, by Deployment Mode, 2020–2027
    85. Market Estimates & Forecast, by Organization Size, 2020–2027
    86. Market Estimates & Forecast, by Vertical, 2020–2027
      1.     Competitive Overview
      2.     Competitor Dashboard
      3.     Major Growth Strategies in
    87. the Global Procurement Outsourcing Market
      1.     Competitive Benchmarking
      2.     Market Share Analysis
      3.   
    88.  XXXX: The leading player in terms of number of developments in the Global Procurement Outsourcing Market
      1.     Key Developments & Growth Strategies
        1.     Product Launches/Service Deployment
        2.     Mergers & Acquisitions
        3.     Joint Ventures
        4.     Business Expansion
      2.     Accenture
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      3.     GEP
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      4.     e-Business International Inc.
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      5.      IBM Corporation
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      6.      
    89. Tata Consultancy Services Limited
      1.     Company Overview
        1.     Product/Business Segment Overview
        2.     Financial Updates
        3.     Key Developments
    90.      Infosys Limited
      1.     Company Overview
        1.     Product/Business Segment Overview
        2.     Financial Updates
        3.     Key Developments
      2.     Capgemini
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      3.     Genpact
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      4.     Wipro Limited
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      5.     WNS (Holdings) Ltd.
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      6.     Corbus, LLC.
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      7.     HCL Technologies Limited
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      8.     Aquanima S.A.
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      9.     Aegis
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
      10.     Outsourcing Procurement Ltd
        1.     Company Overview
        2.     Product/Business Segment Overview
        3.     Financial Updates
        4.     Key Developments
    91.     14    Conclusion LIST OF TABLES
    92. by Region, 2020–2027  
    93.  Procurement Outsourcing Market, by Country, 2020–2027  
    94. 3    Europe: Procurement Outsourcing Market, by Country, 2020–2027  
    95. by Country, 2020–2027  
    96. Africa: Procurement Outsourcing Market, by Country, 2020–2027  
    97. 6    South America: Procurement Outsourcing Market, by Country, 2020–2027  
    98. by Region, 2020–2027  
    99. Procurement Outsourcing Type Market, by Country, 2020–2027  
    100. 9    Europe: Procurement Outsourcing Type Market, by Country, 2020–2027  
    101. Market, by Country, 2020–2027  
    102. East & Africa: Procurement Outsourcing Type Market, by Country, 2020–2027  
    103. Market, by Country, 2020–2027  
    104. Procurement Outsourcing Deployment Mode Market, by Region, 2020–2027  
    105. Market, by Country, 2020–2027  
    106. Procurement Outsourcing Deployment Mode Market, by Country, 2020–2027  
    107. Market, by Country, 2020–2027  
    108. East & Africa: Procurement Outsourcing Deployment Mode Market, by Country, 2020–2027  
    109. Mode Market, by Country, 2020–2027  
    110. Procurement Outsourcing Vertical Market, by Region, 2020–2027  
    111.  North America: Procurement Outsourcing Vertical Market, by Country, 2020–2027  
    112. by Country, 2020–2027  
    113. Procurement Outsourcing Vertical Market, by Country, 2020–2027  
    114.  Middle East & Africa: Procurement Outsourcing Vertical Market, by Country, 2020–2027  
    115. Outsourcing Vertical Market, by Country, 2020–2027  
    116.  Global Type Market, by Region, 2020–2027  
    117.  Global Deployment Mode Market, by Region, 2020–2027  
    118.  Global Vertical Market, by Region, 2020–2027  
    119.  North America: Procurement Outsourcing Market, by Country  
    120.  North America: Procurement Outsourcing Market, by Type
    121.  North America: Procurement Outsourcing Market, by Deployment Mode
    122.  North America: Procurement Outsourcing Market, by Vertical    
    123.  Europe: Procurement Outsourcing Market, by Deployment Mode
    124.  Europe: Procurement Outsourcing Market, by Vertical
    125.  Asia-Pacific: Procurement Outsourcing Market, by Country  
    126.  Asia-Pacific: Procurement Outsourcing Market, by Type
    127.  Asia-Pacific: Procurement Outsourcing Market, by Deployment Mode
    128. Outsourcing Market, by Type
    129. Procurement Outsourcing Market, by Deployment Mode
    130. East & Africa: Procurement Outsourcing Market, by Vertical
    131.  South America: Procurement Outsourcing Market, by Country  
    132.  South America: Procurement Outsourcing Market, by Type
    133.  South America: Procurement Outsourcing Market, by Deployment Mode  
    134. of the Global Procurement Outsourcing Market 
    135. the Global Procurement Outsourcing Market 
    136. Procurement Outsourcing Market, by Country, 2020 (in %) Outsourcing Market, 2020–2027
    137. of the Global Procurement Outsourcing Market, by Type, 2020–2027

    Procurement Outsourcing Market Segmentation

    Procurement Outsourcing Component Solution Outlook (USD Billion, 2018-2032)

    • Solution
    • Service

    Procurement Outsourcing Deployment Outlook (USD Billion, 2018-2032)

    • On-Premise
    • Cloud

    Procurement Outsourcing Organization Size Outlook (USD Billion, 2018-2032)

    • Small and Medium-Sized Enterprises (SMES)
    • Large Enterprises

    Procurement Outsourcing Vertical Outlook (USD Billion, 2018-2032)

    • Banking Financial Services and Insurance (BFSI)
    • Healthcare
    • IT & Telecommunication

    Procurement Outsourcing Regional Outlook (USD Billion, 2018-2032)

    • North AmericaOutlook (USD Billion, 2018-2032)

      • North America Procurement Outsourcing by Component Solution
        • Solution
        • Service
      • North America Procurement Outsourcing by Deployment
        • On-Premise
        • Cloud
      • North America Procurement Outsourcing by Organization Size
    • Small and Medium-Sized Enterprises (SMES)
    • Large Enterprises
    • North America Procurement Outsourcing by Vertical
    • Banking Financial Services and Insurance (BFSI)
    • Healthcare
    • IT & Telecommunication

      • US Outlook (USD Billion, 2018-2032)

      • US Procurement Outsourcing by Component Solution
        • Solution
        • Service

      • US Procurement Outsourcing by Deployment

        • On-Premise
        • Cloud
      • US Procurement Outsourcing by Organization Size
    • Small and Medium-Sized Enterprises (SMES)
    • Large Enterprises
    • US Procurement Outsourcing by Vertical
    • Banking Financial Services and Insurance (BFSI)
    • Healthcare
    • IT & Telecommunication

      • CANADA Outlook (USD Billion, 2018-2032)

      • CANADA Procurement Outsourcing by Component Solution
        • Solution
        • Service

      • CANADA Procurement Outsourcing by Deployment

        • On-Premise
        • Cloud
      • CANADA Procurement Outsourcing by Organization Size
    • Small and Medium-Sized Enterprises (SMES)
    • Large Enterprises
    • CANADA Procurement Outsourcing by Vertical
    • Banking Financial Services and Insurance (BFSI)
    • Healthcare
    • IT & Telecommunication

    • Europe Outlook (USD Billion, 2018-2032)

      • Europe Procurement Outsourcing by Component Solution
        • Solution
        • Service
      • Europe Procurement Outsourcing by Deployment
        • On-Premise
        • Cloud
      • Europe Procurement Outsourcing by Organization Size
    • Small and Medium-Sized Enterprises (SMES)
    • Large Enterprises
    • Europe Procurement Outsourcing by Vertical
    • Banking Financial Services and Insurance (BFSI)
    • On-Premise
    • IT & Telecommunication

      • Germany Outlook (USD Billion, 2018-2032)

      • Germany Procurement Outsourcing by Component Solution
        • Solution
        • Service
      • Germany Procurement Outsourcing by Deployment
        • On-Premise
        • Cloud
      • Germany Procurement Outsourcing by Organization Size
    • Small and Medium-Sized Enterprises (SMES)
    • Large Enterprises
    • Germany Procurement Outsourcing by Vertical
    • Banking Financial Services and Insurance (BFSI)
    • Healthcare
    • IT & Telecommunication

      • France Outlook (USD Billion, 2018-2032)

      • France Procurement Outsourcing by Component Solution
        • Solution
        • Service

      • France Procurement Outsourcing by Deployment

        • On-Premise
        • Cloud
      • France Procurement Outsourcing by Organization Size
    • Small and Medium-Sized Enterprises (SMES)
    • Large Enterprises
    • France Procurement Outsourcing by Vertical
    • Banking Financial Services and Insurance (BFSI)
    • Healthcare
    • IT & Telecommunication

      • UK Outlook (USD Billion, 2018-2032)

      • UK Procurement Outsourcing by Component Solution
        • Solution
        • Service
      • UK Procurement Outsourcing by Deployment
        • On-Premise
        • Cloud
      • UK Procurement Outsourcing by Organization Size
    • Small and Medium-Sized Enterprises (SMES)
    • Large Enterprises
    • UK Procurement Outsourcing by Vertical
    • Banking Financial Services and Insurance (BFSI)
    • Healthcare
    • IT & Telecommunication

      • ITALY Outlook (USD Billion, 2018-2032)

      • ITALY Procurement Outsourcing by Component Solution
        • Solution
        • Service

      • ITALY Procurement Outsourcing by Deployment

        • On-Premise
        • Cloud
      • ITALY Procurement Outsourcing by Organization Size
    • Small and Medium-Sized Enterprises (SMES)
    • Large Enterprises
    • ITALY Procurement Outsourcing by Vertical
    • Banking Financial Services and Insurance (BFSI)
    • Healthcare
    • IT & Telecommunication

      • SPAIN Outlook (USD Billion, 2018-2032)

      • Spain Procurement Outsourcing by Component Solution
        • Solution
        • Service
      • Spain Procurement Outsourcing by Deployment
        • On-Premise
        • Cloud
      • Spain Procurement Outsourcing by Organization Size
    • Small and Medium-Sized Enterprises (SMES)
    • Large Enterprises
    • Spain Procurement Outsourcing by Vertical
    • Banking Financial Services and Insurance (BFSI)
    • Healthcare
    • IT & Telecommunication

    • Rest Of Europe Outlook (USD Billion, 2018-2032)

      • Rest Of Europe Procurement Outsourcing by Component Solution
        • Solution
        • Service

      • REST OF EUROPE Procurement Outsourcing by Deployment

        • On-Premise
        • Cloud
      • REST OF EUROPE Procurement Outsourcing by Organization Size
    • Small and Medium-Sized Enterprises (SMES)
    • Large Enterprises
    • REST OF EUROPE Procurement Outsourcing by Vertical
    • Banking Financial Services and Insurance (BFSI)
    • Healthcare
    • IT & Telecommunication

    • Asia-Pacific Outlook (USD Billion, 2018-2032)

      • Asia-Pacific Procurement Outsourcing by Component Solution
        • Solution
        • Small and medium-sized enterprises (SMEs)

      • Asia-Pacific Procurement Outsourcing by Deployment

        • On-Premise
        • Cloud
      • Asia-Pacific Procurement Outsourcing by Organization Size
    • Small and Medium-Sized Enterprises (SMES)
    • Large Enterprises
    • Asia-Pacific Procurement Outsourcing by Vertical
    • Banking Financial Services and Insurance (BFSI)
    • On-Premise
    • IT & Telecommunication

      • China Outlook (USD Billion, 2018-2032)

      • China Procurement Outsourcing by Component Solution
        • Solution
        • Service
      • China Procurement Outsourcing by Deployment
        • On-Premise
        • Cloud
      • China Procurement Outsourcing by Organization Size
    • Small and Medium-Sized Enterprises (SMES)
    • Large Enterprises
    • China Procurement Outsourcing by Vertical
    • Banking Financial Services and Insurance (BFSI)
    • Healthcare
    • IT & Telecommunication

      • Japan Outlook (USD Billion, 2018-2032)

      • Japan Procurement Outsourcing by Component Solution
        • Solution
        • Service
      • Japan Procurement Outsourcing by Deployment
        • On-Premise
        • Cloud
      • Japan Procurement Outsourcing by Organization Size
    • Small and Medium-Sized Enterprises (SMES)
    • Large Enterprises
    • Japan Procurement Outsourcing by Vertical
    • Banking Financial Services and Insurance (BFSI)
    • Healthcare
    • IT & Telecommunication

      • India Outlook (USD Billion, 2018-2032)

      • India Procurement Outsourcing by Component Solution
        • Solution
        • Service

      • India Procurement Outsourcing by Deployment

        • On-Premise
        • Cloud
      • India Procurement Outsourcing by Organization Size
    • Small and Medium-Sized Enterprises (SMES)
    • Large Enterprises
    • India Procurement Outsourcing by Vertical
    • Banking Financial Services and Insurance (BFSI)
    • Healthcare
    • IT & Telecommunication

      • Australia Outlook (USD Billion, 2018-2032)

      • Australia Procurement Outsourcing by Component Solution
        • Solution
        • Service

      • Australia Procurement Outsourcing by Deployment

        • On-Premise
        • Cloud
      • Australia Procurement Outsourcing by Organization Size
    • Small and Medium-Sized Enterprises (SMES)
    • Large Enterprises
    • Australia Procurement Outsourcing by Vertical
    • Banking Financial Services and Insurance (BFSI)
    • Healthcare
    • IT & Telecommunication

    • Rest of Asia-Pacific Outlook (USD Billion, 2018-2032)

      • Rest of Asia-Pacific Procurement Outsourcing by Component Solution
        • Solution
        • Service
      • Rest of Asia-Pacific Procurement Outsourcing by Deployment
        • On-Premise
        • Cloud
      • Rest of Asia-Pacific Procurement Outsourcing by Organization Size
    • Small and medium-sized enterprises (SMEs)
    • Large enterprises
    • Rest of Asia-Pacific Procurement Outsourcing by Vertical
    • Banking Financial Services and Insurance (BFSI)
    • Healthcare
    • IT & Telecommunication

    • Rest of the World Outlook (USD Billion, 2018-2032)

      • Rest of the World Procurement Outsourcing by Component Solution
        • Solution
        • Service

      • Rest of the World Procurement Outsourcing by Deployment

        • On-Premise
        • Cloud
      • Rest of the World Procurement Outsourcing by Organization Size
    • Small and Medium-Sized Enterprises (SMES)
    • Large Enterprises
    • Rest of the World Procurement Outsourcing by Vertical
    • Banking Financial Services and Insurance (BFSI)
    • Healthcare
    • IT & Telecommunication

      • Middle East Outlook (USD Billion, 2018-2032)

      • Middle East Procurement Outsourcing by Component Solution
        • Solution
        • Service

      • Middle East Procurement Outsourcing by Deployment

        • On-Premise
        • Cloud
      • Middle East Procurement Outsourcing by Organization Size
    • Small and Medium-Sized Enterprises (SMES)
    • Large Enterprises
    • Middle East Procurement Outsourcing by Vertical
    • Banking Financial Services and Insurance (BFSI)
    • On-Premise
    • IT & Telecommunication

      • Africa Outlook (USD Billion, 2018-2032)

      • Africa Procurement Outsourcing by Component Solution
        • Solution
        • Service

      • Africa Procurement Outsourcing by Deployment

        • On-Premise
        • Cloud
      • Africa Procurement Outsourcing by Organization Size
    • Small and Medium-Sized Enterprises (SMES)
    • Large Enterprises
    • Africa Procurement Outsourcing by Vertical
    • Banking Financial Services and Insurance (BFSI)
    • Healthcare
    • IT & Telecommunication

      • Latin America Outlook (USD Billion, 2018-2032)

      • Latin America Procurement Outsourcing by Component Solution
        • Solution
        • Service
      • Latin America Procurement Outsourcing by Deployment
        • On-Premise
        • Cloud
      • Latin Procurement Outsourcing by Organization Size
    • Small and Medium-Sized Enterprises (SMES)
    • Large Enterprises
    • Latin Procurement Outsourcing by Vertical
    • Banking Financial Services and Insurance (BFSI)
    • Healthcare
    • IT & Telecommunication
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