The global procurement outsourcing market size is expected to reach USD 10.52 Billion in 2032 and register a revenue CAGR of 13.8% during the forecast period, according to the latest analysis by Emergen Research. Rising focus on cost reduction and growing technological advancements are major factors driving the market revenue growth. Large corporations frequently outsource procurement to save money. A procurement outsourcer uses economies of scale, as well as experienced and qualified employees, to reduce costs and improve efficiencies. Outsourcing procurement gives organizations the scalability and flexibility they need to respond to changing market circumstances. Procurement service providers can instantly adapt procurement quantities, supplier networks, and inventory levels as demand changes, assuring optimal responsiveness and hence driving the market revenue growth.
The report covers historical revenue and sales volume, and the data is further validated to provide a forecast market estimation of the market size and sales numbers for key regions along with types and end-user applications. Moreover, the report also includes macroeconomic factors and regulatory policies pertaining to the Procurement Outsourcing industry for evaluation and predictive analysis. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario.
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Competitive Outlook: The leading companies operating in the Procurement Outsourcing market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the Procurement Outsourcing Market and Profiled in the Report are:
Infosys Limited, IBM, Wipro, Accenture, GEP, Genpact, WNS (Holdings) Ltd, TATA Consultancy Services Limited, DXC Technology Company, Capgemini
Objectives of the Report:
Study of the global Procurement Outsourcing market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the Procurement Outsourcing market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Procurement Outsourcing market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Procurement Outsourcing market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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Segments Covered in this report are:
Services Outlook (Revenue, USD Billion; 2019–2032)
- Business Process Outsourcing Services
- Consulting Services
Component Outlook (Revenue, USD Billion; 2019–2032)
- Solution
- Services
Deployment Outlook (Revenue, USD Billion; 2019–2032)
- On-Premises
- Cloud
Regional Segmentation:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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