The Procurement Outsourcing Services Market size was valued at USD 3.41 Billion in 2023. It is expected to grow to USD 11.13 Billion by 2032 and grow at a CAGR of 14% over the forecast period of 2024-2032.
The most recent study on the Procurement Outsourcing Services Market is a thorough and expert analysis of the industry, with a focus on global market trends. The report's purpose is to provide readers with a general market overview as well as detailed market segmentation. The global alkylated naphthalene market is likely to grow substantially during the forecast period. The research provides a complete PEST analysis for all five regions: North America, Europe, APAC, MEA, and South America, after examining political, economic, social, and technological elements affecting the market in various regions.
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Procurement Outsourcing Services Market Key Players:
Providers
l International Business Machines Corporation (IBM) (IBM Watson Supply Chain)
l Accenture Plc (Accenture Procurement as a Service)
l GEP (GEP SMART)
l Infosys Ltd (Infosys Procurement Services)
l Capgemini SE (Capgemini Procurement Transformation)
l Genpact Ltd (Genpact Procurement Services)
l Tata Consultancy Services Limited (TCS) (TCS Procurement and Supply Chain Management)
l DXC Technology Company (DXC Procurement Services)
l WNS Limited (WNS Procurement Outsourcing)
l Wipro Limited (Wipro Procurement Solutions)
l Cognizant Technology Solutions (Cognizant Procurement Solutions)
l Zycus (Zycus Procurement Solutions
Users
l Procter & Gamble (P&G Supply Chain, P&G Procurement Services)
l Unilever (Unilever Procurement, Unilever Supply Chain Solutions)
l Coca-Cola (Coca-Cola Procurement Services, Coca-Cola Supply Chain Management)
l Ford Motor Company (Ford Procurement Services, Ford Supply Chain Solutions)
l General Electric (GE Procurement Services, GE Supply Chain Management)
l Nestlé (Nestlé Procurement, Nestlé Supply Chain Solutions)
l PepsiCo (PepsiCo Procurement Services, PepsiCo Supply Chain Management)
l Boeing (Boeing Procurement Services, Boeing Supply Chain Solutions)
l Johnson & Johnson (J&J Procurement Services, J&J Supply Chain Management)
l Siemens (Siemens Procurement Services, Siemens Supply Chain Solutions)
The procurement outsourcing services market is witnessing substantial growth as organizations seek to optimize their supply chain processes and reduce operational costs. By outsourcing procurement functions, businesses can leverage specialized expertise and technology, allowing them to focus on core competencies while improving efficiency and effectiveness in sourcing.
The study includes critical market statistics, significant market trends, and opportunities, as well as statistics on the market position of the leading industry players. The study looks at and forecasts countries all around the world, as well as existing trends and opportunities. The study looks at both the demand and supply sides of the Procurement Outsourcing Services Market, as well as key features that will affect the market throughout the forecast period, such as drivers, constraints, opportunities, and future trends.
Market Segmentation
Using both qualitative and quantitative data, the study paper provides a thorough overview of the market. It provides a high-level overview of the Procurement Outsourcing Services Market as well as forecasts for key segments. To arrive at the overall market size, the legitimate inputs acquired from industry experts and company representatives were externally evaluated by examining historical sales data of respective firms.
On The Basis of Component
l Solution
l Services
On The Basis of Deployment Model
l On-Premises
l Cloud
On The Basis of Enterprise Size
l Large Enterprises
l Small & Medium Enterprises
On The Basis of Application
l Marketing Related Services
l IT Related Services
l HR Related Services
l Facilities Management & Office Services
l Others
On The Basis of Industry Vertical
l BFSI
l Energy & Utilities
l Healthcare
l IT & Telecom
l Professional Services
l Manufacturing
l Retail
l Logistics
l Others
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Competitive Outlook
The study also includes profiles of major market players, as well as SWOT assessments and market strategies. The study also focuses on significant industry participants, including details such as company biographies, components, and services. The Procurement Outsourcing Services Market research covers the market's major advancements, such as organic and inorganic growth tactics. A number of companies are prioritizing product launches, product approvals, and other organic growth techniques including patents and events.
In the market, acquisitions, as well as partnerships and collaborations, were viewed as inorganic growth strategies. These efforts have cleared the way for market participants to expand their client base and operations. Market players in the Procurement Outsourcing Services Market are projected to benefit from favorable growth prospects in the future, thanks to rising demand in the global sector.
Key Objectives of Procurement Outsourcing Services Market Report
• Market trends that are advancing to assist businesses in building effective long-term plans.
• A PEST analysis of buyers and suppliers in the industry to demonstrate their effectiveness.
• Market trends and predictions, as well as market growth drivers and inhibitors.
• Assist in decision-making by stressing market methods that promote commercial interests, resulting in market expansion.
• Recent developments in order to gain a better knowledge of the market's competitive environment.
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