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Europe Procurement Outsourcing Market Size, Share & Trends Analysis Report By Component (Services and Solutions), By Deployment (Cloud and On-Premise), By Industry Vertical, By Organization Size, By Country and Growth Forecast, 2024 - 2031

Best Price Guarantee Length Publisher Published Date SKU
from $1,500 149 Pages Knowledge Based Value (KBV) Research September, 2024 KBV19215407
Best Price Guarantee
Price from $1,500
Length 149 Pages
Publisher Knowledge Based Value (KBV) Research
Published Date September, 2024
SKU KBV19215407

Europe Procurement Outsourcing Market Size, Share & Trends Analysis Report By Component (Services and Solutions), By Deployment (Cloud and On-Premise), By Industry Vertical, By Organization Size, By Country and Growth Forecast, 2024 - 2031


The Europe Procurement Outsourcing Market would witness market growth of 10.3% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Procurement Outsourcing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $799.3 million by 2031. The UK market is exhibiting a CAGR of 9.4% during (2024 - 2031). Additionally, The France market would experience a CAGR of 11.2% during (2024 - 2031).

External procurement providers often have specialized knowledge of regulatory requirements across different markets. This expertise ensures that organizations comply with local laws, industry regulations, and sustainability standards, which can be complex and resource-intensive to manage in-house. Outsourcing procurement functions can lead to a culture of innovation, as external providers are often equipped with the latest market insights and technologies. Organizations can remain abreast of industry trends and rivalry by implementing continuous improvement initiatives.

Procurement outsourcing providers typically have a vast network and resources to gather market intelligence. This access enables organizations to make informed decisions based on real-time data, emerging market trends, and supplier capabilities. Outsourcing allows for developing tailored procurement strategies that align with an organization’s specific business objectives and market conditions. This customization can include niche sourcing strategies for specialized categories or tailored supplier engagement approaches.

Telecom companies in the UK operate in a highly regulated environment, with stringent data security and privacy standards. Procurement outsourcing firms have the expertise to navigate these regulatory landscapes, ensuring that all acquisitions comply with national and international standards. This reduces non-compliance risk and associated penalties, providing telecom companies peace of mind.

Outsourcing procurement can foster innovation in the telecom sector by facilitating access to the latest technologies and solutions. Specialized procurement firms stay abreast of industry trends and emerging technologies, ensuring that telecom companies are equipped with the most advanced tools. This access to innovation is crucial for maintaining a competitive edge. Thus, the high number of digital businesses and the expansion of the region's healthcare sector are driving the market's growth.

Based on Component, the market is segmented into Services and Solutions. Based on Deployment, the market is segmented into Cloud and On-Premise. Based on Industry Vertical, the market is segmented into BFSI, IT & Telecommunication, and Healthcare. Based on Organization Size, the market is segmented into Large Enterprises and Small and Medium-sized Enterprises (SMEs). Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled
  • Infosys Limited
  • TATA Consultancy Services Ltd.
  • HCL Technologies Ltd.
  • WNS (Holdings) Ltd.
  • NB Ventures, Inc. (Global eProcure)
  • Wipro Limited
  • IBM Corporation
  • Accenture PLC
  • Genpact Limited
  • Capgemini SE
Europe Procurement Outsourcing Market Report Segmentation

By Component
  • Services
  • Solutions
By Deployment
  • Cloud
  • On-Premise
By Industry Vertical
  • BFSI
  • IT & Telecommunication
  • Healthcare
By Organization Size
  • Large Enterprises
  • Small and Medium-sized Enterprises (SMEs)
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Procurement Outsourcing Market, by Component
1.4.2 Europe Procurement Outsourcing Market, by Deployment
1.4.3 Europe Procurement Outsourcing Market, by Industry Vertical
1.4.4 Europe Procurement Outsourcing Market, by Organization Size
1.4.5 Europe Procurement Outsourcing Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jul – 2024, Jul) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. Europe Procurement Outsourcing Market by Component
5.1 Europe Services Market by Country
5.2 Europe Solutions Market by Country
Chapter 6. Europe Procurement Outsourcing Market by Deployment
6.1 Europe Cloud Market by Country
6.2 Europe On-Premise Market by Country
Chapter 7. Europe Procurement Outsourcing Market by Industry Vertical
7.1 Europe BFSI Market by Country
7.2 Europe IT & Telecommunication Market by Country
7.3 Europe Healthcare Market by Country
Chapter 8. Europe Procurement Outsourcing Market by Organization Size
8.1 Europe Large Enterprises Market by Country
8.2 Europe Small and Medium-sized Enterprises (SMEs) Market by Country
Chapter 9. Europe Procurement Outsourcing Market by Country
9.1 Germany Procurement Outsourcing Market
9.1.1 Germany Procurement Outsourcing Market by Component
9.1.2 Germany Procurement Outsourcing Market by Deployment
9.1.3 Germany Procurement Outsourcing Market by Industry Vertical
9.1.4 Germany Procurement Outsourcing Market by Organization Size
9.2 UK Procurement Outsourcing Market
9.2.1 UK Procurement Outsourcing Market by Component
9.2.2 UK Procurement Outsourcing Market by Deployment
9.2.3 UK Procurement Outsourcing Market by Industry Vertical
9.2.4 UK Procurement Outsourcing Market by Organization Size
9.3 France Procurement Outsourcing Market
9.3.1 France Procurement Outsourcing Market by Component
9.3.2 France Procurement Outsourcing Market by Deployment
9.3.3 France Procurement Outsourcing Market by Industry Vertical
9.3.4 France Procurement Outsourcing Market by Organization Size
9.4 Russia Procurement Outsourcing Market
9.4.1 Russia Procurement Outsourcing Market by Component
9.4.2 Russia Procurement Outsourcing Market by Deployment
9.4.3 Russia Procurement Outsourcing Market by Industry Vertical
9.4.4 Russia Procurement Outsourcing Market by Organization Size
9.5 Spain Procurement Outsourcing Market
9.5.1 Spain Procurement Outsourcing Market by Component
9.5.2 Spain Procurement Outsourcing Market by Deployment
9.5.3 Spain Procurement Outsourcing Market by Industry Vertical
9.5.4 Spain Procurement Outsourcing Market by Organization Size
9.6 Italy Procurement Outsourcing Market
9.6.1 Italy Procurement Outsourcing Market by Component
9.6.2 Italy Procurement Outsourcing Market by Deployment
9.6.3 Italy Procurement Outsourcing Market by Industry Vertical
9.6.4 Italy Procurement Outsourcing Market by Organization Size
9.7 Rest of Europe Procurement Outsourcing Market
9.7.1 Rest of Europe Procurement Outsourcing Market by Component
9.7.2 Rest of Europe Procurement Outsourcing Market by Deployment
9.7.3 Rest of Europe Procurement Outsourcing Market by Industry Vertical
9.7.4 Rest of Europe Procurement Outsourcing Market by Organization Size
Chapter 10. Company Profiles
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.6 SWOT Analysis
10.2 Infosys Limited
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.6 SWOT Analysis
10.3 Wipro Limited
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expenses
10.3.5 SWOT Analysis
10.4 Genpact Limited
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Recent strategies and developments:
10.4.4.1 Partnerships, Collaborations, and Agreements:
10.5 Capgemini SE
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Regional Analysis
10.5.4 Recent strategies and developments:
10.5.4.1 Acquisition and Mergers:
10.5.5 SWOT Analysis
10.6 HCL Technologies Ltd. (HCL Enterprises)
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent strategies and developments:
10.6.5.1 Product Launches and Product Expansions:
10.6.5.2 Acquisition and Mergers:
10.6.6 SWOT Analysis
10.7 WNS (Holdings) Ltd.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Recent strategies and developments:
10.7.4.1 Acquisition and Mergers:
10.8 NB Ventures, Inc. (Global eProcure)
10.8.1 Company Overview
10.9 IBM Corporation
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Regional & Segmental Analysis
10.9.4 Research & Development Expenses
10.9.5 Recent strategies and developments:
10.9.5.1 Partnerships, Collaborations, and Agreements:
10.9.6 SWOT Analysis
10.10. Accenture PLC
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental Analysis
10.10.4 Research & Development Expenses
10.10.5 Recent strategies and developments:
10.10.5.1 Acquisition and Mergers:
10.10.6 SWOT Analysis

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