Procurement Outsourcing Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,500	160 Pages	Coherent Market Insights	June, 2023	CMI18049199

Best Price Guarantee
Price	from $4,500
Length	160 Pages
Publisher	Coherent Market Insights
Published Date	June, 2023
SKU	CMI18049199

Procurement Outsourcing Market, By Service Type (Category Management, Supplier Management, Strategic Sourcing, Transactional Procurement, Contract Management, Vendor Management, Others), By Industry Vertical (Manufacturing, Retail and Consumer Goods, Healthcare, IT and Telecom, BFSI (Banking, Financial Services, and Insurance), Energy and Utilities, Transportation and Logistics, Others), By Organization Size (Small and Medium-sized Enterprises (SMEs), Large Enterprises, ), By Service Model (Onshore Outsourcing, Offshore Outsourcing, Nearshore Outsourcing), By End-User (Manufacturing Companies, Retailers, Healthcare Providers, IT and Telecom Companies, Financial Institutions, Others), andBy Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

Procurement Outsourcing is the process of assigning procurement-related tasks to a third-party service provider. This can involve shifting all procurement-related responsibilities or just a few of them. The main goal of outsourcing procurement is to reduce costs and free up resources within a company for other purposes. Purchasing experts have access to a larger supplier database than a business does. They can also use their market leverage to negotiate better deals on customer’s behalf. This allows businesses to get the best price on all the materials and services customers need. Another benefit of outsourcing procurement is that it lets consumer focus on their core competencies. There are two types of procurement: direct and indirect. Direct procurement includes the purchase of raw materials and tools for a company’s core activities.

Market Dynamics:

The rising inclination of industrial sector toward procurement outsourcing services is expected to drive growth of the global procurement outsourcing market during the forecast period. This is mainly to reduce the cost of purchasing raw materials and other inputs. This will also lead to the increased efficiency of the supply chain network, thereby enabling companies to provide products and services at competitive prices. Rising need for managing and storing raw materials is creating growth opportunities in the market.

However, lack of skilled professionals and security concerns is likely to hinder growth of the global procurement outsourcing market over the forecast period.

Key features of the study:

This report provides in-depth analysis of the global procurement outsourcing market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global procurement outsourcing market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Accenture Plc., IBM Corporation, GEP Worldwide, Infosys Limited, Capgemini SE, Genpact Ltd., WNS (Holdings) Limited, HCL Technologies Ltd., Wipro Limited, Tata Consultancy Services Limited, Xchanging Solutions Limited, Corbus, LLC, Proxima Group, Aquanima, and CA Technologies (Broadcom Inc.)

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global procurement outsourcing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global procurement outsourcing market

Detailed Segmentation:

Global Procurement Outsourcing Market, By Service Type:

Category Management

Supplier Management

Strategic Sourcing

Transactional Procurement

Contract Management

Vendor Management

Others

Global Procurement Outsourcing Market, By Industry Vertical:

Manufacturing

Retail and Consumer Goods

Healthcare

IT and Telecom

BFSI (Banking, Financial Services, and Insurance)

Energy and Utilities

Transportation and Logistics

Others

Global Procurement Outsourcing Market, By Organization Size:

Small and Medium-sized Enterprises (SMEs)

Large Enterprises

Global Procurement Outsourcing Market, By Service Model:

Onshore Outsourcing

Offshore Outsourcing

Nearshore Outsourcing

Global Procurement Outsourcing Market, By End User:

Manufacturing Companies

Retailers

Healthcare Providers

IT and Telecom Companies

Financial Institutions

Others

Global Procurement Outsourcing Market, By Region:

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

Company Profile:

Accenture Plc.

IBM Corporation

GEP Worldwide

Infosys Limited

Capgemini SE

Genpact Ltd.

WNS (Holdings) Limited

HCL Technologies Ltd.

Wipro Limited

Tata Consultancy Services Limited

Xchanging Solutions Limited

Corbus, LLC

Proxima Group

Aquanima

CA Technologies (Broadcom Inc.)

1. Research Objectives and Assumptions: Research Objectives; Assumptions; Abbreviations
2. Market Purview: Report Description; Market Definition and Scope; Executive Summary; Market Snapshot, By Service Type; Market Snapshot, By Industry Vertical; Market Snapshot, By Organization Size; Market Snapshot, By Service Model; Market Snapshot, By End User; Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis: Market Dynamics; Drivers; Rising inclination of industrial sector toward procurement outsourcing services; Growing focus on cost reduction; Restraints; Lack of skilled professionals; Security concerns; Opportunities; Rising need for managing and storing raw materials; Impact Analysis; Key Highlights; Regulatory Scenario; Product launch/Approvals; PEST Analysis; PORTER’s Analysis; Merger and Acquisition Scenario
4. Global Procurement Outsourcing Market – Impact of Coronavirus (COVID-19) Pandemic: COVID-19 Epidemiology; Supply Side and Demand Side Analysis; Economic Impact
5. Global Procurement Outsourcing Market , By Service Type, 2018-2030, (US$ Bn): Introduction; Market Share Analysis, 2023 and 2030 (%); Y-o-Y Growth Analysis, 2018 – 2030; Segment Trends; Category Management; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn); Supplier Management; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn); Strategic Sourcing; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn); Transactional Procurement; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn); Contract Management; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn); Vendor Management; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn); Others; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
6. Global Procurement Outsourcing Market , By Industry Vertical, 2018-2030, (US$ Bn): Introduction; Market Share Analysis, 2023 and 2030 (%); Y-o-Y Growth Analysis, 2018– 2030; Segment Trends; Manufacturing; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion); Retail and Consumer Goods; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion); Healthcare; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion); IT and Telecom; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion); BFSI (Banking, Financial Services, and Insurance); Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion); Energy and Utilities; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion); Transportation and Logistics; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion); Others; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
7. Global Procurement Outsourcing Market , By Organization Size, 2018-2030, (US$ Bn): Introduction; Market Share Analysis, 2023 and 2030 (%); Y-o-Y Growth Analysis, 2018– 2030; Segment Trends; Small and Medium-sized Enterprises (SMEs); Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion); Large Enterprises; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
8. Global Procurement Outsourcing Market , By Service Model, 2018-2030, (US$ Bn): Introduction; Market Share Analysis, 2023 and 2030 (%); Y-o-Y Growth Analysis, 2018– 2030; Segment Trends; Onshore Outsourcing; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion); Offshore Outsourcing; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion); Nearshore Outsourcing; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
9. Global Procurement Outsourcing Market , By End User, 2018-2030, (US$ Bn): Introduction; Market Share Analysis, 2023 and 2030 (%); Y-o-Y Growth Analysis, 2018– 2030; Segment Trends; Manufacturing Companies; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion); Retailers; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion); Healthcare Providers; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion); IT and Telecom Companies; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion); Financial Institutions; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion); Others; Introduction; Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion); 10. Global Procurement Outsourcing Market , By Region, 2018-2030, (US$ Bn); Introduction; Market Share Analysis, By Country, 2023 and 2030 (%); Y-o-Y Growth Analysis, For Country 2018–2030; Country Trends; North America; Introduction; Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2018-2030,(US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By Industry Vertical, 2018-2030,(US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By Organization Size, 2018-2030,(US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By Service Model, 2018-2030,(US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn); Europe; Introduction; Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2018-2030,(US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By Industry Vertical, 2018-2030,(US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By Organization Size, 2018-2030,(US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By Service Model, 2018-2030,(US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn); Asia Pacific; Introduction; Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2018-2030,(US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By Industry Vertical, 2018-2030,(US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By Organization Size, 2018-2030,(US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By Service Model, 2018-2030,(US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn); Latin America; Introduction; Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2018-2030,(US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By Industry Vertical, 2018-2030,(US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By Organization Size, 2018-2030,(US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By Service Model, 2018-2030,(US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn); Middle East & Africa; Introduction; Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2018-2030,(US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By Industry Vertical, 2018-2030,(US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By Organization Size, 2018-2030,(US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By Service Model, 2018-2030,(US$ Bn); Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn); 11. Competitive Landscape; Accenture Plc.; Company Highlights; Product Portfolio; Key Developments; Financial Performance; Strategies; IBM Corporation; Company Highlights; Product Portfolio; Key Highlights; Financial Performance; Strategies; GEP Worldwide; Company Highlights; Product Portfolio; Key Highlights; Financial Performance; Strategies; Infosys Limited; Company Highlights; Product Portfolio; Key Highlights; Financial Performance; Strategies; Capgemini SE; Company Highlights; Product Portfolio; Key Highlights; Financial Performance; Strategies; Genpact Ltd.; Company Highlights; Product Portfolio; Key Highlights; Financial Performance; Strategies; WNS (Holdings) Limited; Company Highlights; Product Portfolio; Key Highlights; Financial Performance; Strategies; HCL Technologies Ltd.; Company Highlights; Product Portfolio; Key Highlights; Financial Performance; Strategies; Wipro Limited; Company Highlights; Product Portfolio; Key Highlights; Financial Performance; Strategies; Tata Consultancy Services Limited; Company Highlights; Product Portfolio; Key Highlights; Financial Performance; Strategies; Analyst Views; 12. Section; Research Methodology; About us; *Browse 24 market data tables and 28 figures on “Global Procurement Outsourcing Market” - Global forecast to 2030