Procurement Outsourcing Services Market size, Scope, Growth Opportunities & Trends

Global procurement outsourcing services market was valued at USD 2.70 billion in 2021 and is expected to reach USD 7.86 billion by 2029, registering a CAGR of 14.29% during the forecast period of 2022-2029.

Procurement Outsourcing Services Market is expected to grow at a CAGR of 14.29 % during the forecast period of 2029 .

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DBMR team is aimed at delivering the most relevant, exclusive, reasonable and admirable market research report depending upon the business needs. These strategies mainly include new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others that boost their footprints in this market. This market report gives an edge to compete and to outdo the competition. This reliable market document also evaluates the growth rate and the market value based on market dynamics and growth inducing factors. Procurement Outsourcing Services Market research report assist businesses with an intelligent decision making and better manage marketing of goods which ultimately leads to growth in the business.

Global Procurement Outsourcing Services Market, By Service Type (Business Process Outsourcing Services, Consulting Services), Deployment Model (On-Premises and Cloud), Enterprise Size (Large Enterprises and Small Medium Enterprises), Application (Marketing Related Services, IT Related Services, HR Related Services, Facilities Management Office Services and Others), End User (Banking, Financial Services, and Insurance (BFSI), Energy and Utilities, Healthcare, IT and Telecom, Professional Services, Manufacturing, Retail, Logistics, Others) – Industry Trends and Forecast to 2029.

Global Procurement Outsourcing Services Market Analysis and Size

The most common actions the company agrees with are often procurement categorization and vendor management of raw materials and services. Outsourcing procurement has a number of advantages, such as freeing up internal staff members' time to concentrate on the company's core operations, enabling higher productivity and efficiency in outsourced tasks, streamlining operations, and lowering total operational expenses.

This procurement outsourcing services market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.

Global Procurement Outsourcing Services Market Definition

A method of obtaining and managing the raw materials required for the production of a good or the provision of a certain service is known as procurement outsourcing. It facilitates the transmission of crucial information to the outside vendor. The data also contains the actual order and payment for the goods and services. The outsourcing of certain crucial procurement functions, such as vendor management, to a third party lowers total costs and enables businesses to concentrate on their core capabilities.

Global Procurement Outsourcing Services Market Scope

The procurement outsourcing services market is segmented on the basis of service type, deployment model, enterprise size, application and end user. 

Service Type

  • Business Process Outsourcing Services
  • Category Management
  • Source Management
  • Procurement Management

Deployment Model

  • On-Premises
  • Cloud

Enterprise Size

  • Large Enterprises
  • Small Medium Enterprises

Application

  • Marketing Related Services
  • IT Related Services
  • HR Related Services

End User

  • Banking, Financial Services, and Insurance (BFSI)
  • Energy and Utilities
  • Oil Gas
  • Power Generation

 

Competitive Landscape and Procurement Outsourcing Services Market Share Analysis

Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. 

To obtain such first-class Procurement Outsourcing Services Market report, meticulous hard work of skilled forecasters, well-versed analysts and knowledgeable researchers have been utilized. Moreover, intricate market insights are turned into simpler version with the help of proven tools and techniques and then provided. Market report like this one holds an immense importance for the growth of any business. By understanding client’s requirements precisely, this report brings together business and product information for the sustainable growth in the market. Procurement Outsourcing Services Market research report best suits the requirements of the client.

Procurement Outsourcing Services Market Country Level Analysis

The countries covered in the procurement outsourcing services market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Some of the major players operating in the Procurement Outsourcing Services Market are

  • IBM (U.S.)
  • Broadcom (U.S.)
  • (U.S.)
  • Accenture (Ireland)
  • Infosys Limited (India)
  • GEP (U.S.)
  • Genpact (U.S.)
  • Proxima (U.K.)
  • WNS (Holdings) Ltd. (India)
  • Capgemini (France)

 

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MAJOR TOC OF THE REPORT

Chapter One: Introduction

Chapter Two: Market Segmentation

Chapter Three: Market Overview

Chapter Four: Executive Summary

Chapter Five: Premium Insights

Chapter Six: Procurement Outsourcing Services Market

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