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.
This report 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.
MARKET MONITOR GLOBAL, INC (MMG) has 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