The global Sourcing and Procurement Service market size is predicted to grow from US$ 3284 million in 2025 to US$ 4830 million in 2031; it is expected to grow at a CAGR of 6.6% from 2025 to 2031.
Sourcing and Procurement Service is a professional service that supports enterprises from supplier selection to resource acquisition. This service helps enterprises reduce procurement costs, improve efficiency, and ensure the stability and transparency of the supply chain by analyzing the market, evaluating suppliers, negotiating contracts, and managing the supply chain. Its goal is to optimize resource allocation and promote enterprises to achieve higher profitability and operational efficiency in a highly competitive market.
United States market for Sourcing and Procurement Service is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Sourcing and Procurement Service is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Sourcing and Procurement Service is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Sourcing and Procurement Service players cover Accenture, Elanders, Deloitte, Infosys, Genpact, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LPI (LP Information)' newest research report, the “Sourcing and Procurement Service Industry Forecast” looks at past sales and reviews total world Sourcing and Procurement Service sales in 2024, providing a comprehensive analysis by region and market sector of projected Sourcing and Procurement Service sales for 2025 through 2031. With Sourcing and Procurement Service sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Sourcing and Procurement Service industry.
This Insight Report provides a comprehensive analysis of the global Sourcing and Procurement Service landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Sourcing and Procurement Service portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Sourcing and Procurement Service market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Sourcing and Procurement Service and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Sourcing and Procurement Service.
This report presents a comprehensive overview, market shares, and growth opportunities of Sourcing and Procurement Service market by product type, application, key players and key regions and countries.
Segmentation by Type:
Procurement Operations Modernization Service
Strategic Sourcing and Category Management Service
Others
Segmentation by Application:
Large Enterprises
Small and Medium-Sized Enterprises
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Accenture
Elanders
Deloitte
Infosys
Genpact
Corcentric
Cultheir
ServiceNow
Dragon Sourcing
Prototype Fashion
TRC Companies
DocShipper
Please note: The report will take approximately 2 business days to prepare and deliver.
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