Procurement Outsourcing Market Size- By Component, By Service Type, By Deployment Model, By Enterprise Size, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Procurement Outsourcing Market Size- By Component, By Service Type, By Deployment Model, By Enterprise Size, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Global Procurement Outsourcing Market Overview

According to SPER Market Research, the Global Procurement Outsourcing Market is estimated to reach USD 11.89 billion by 2032 with a CAGR of 14.43%. 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 makes it easier to communicate important information to the outside vendor. The information also includes the order and payment details 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.

Impact of COVID-19 on the Global Procurement Outsourcing Market

Due to lockdowns and travel restrictions imposed by the government, the COVID-19 pandemic has been impacting the economies and companies in various countries. The closure of a number of manufacturing facilities has had a negative impact on market sales, production, shipment plans, and worldwide supply networks. Only a few companies have warned of potential delays in product shipments and drops in future product sales.

Scope of the Report:

Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032

Segments covered By Component, By Service Type, By Deployment Model, By Enterprise Size, By Application, By End User

Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America

Companies Covered
Accenture, AEGIS Company, Aquanima S.A., Broadcom, Capgemini, Corbus, LLC, DXC Technology Company, Genpact, GEP, HCL Technologies Limited, IBM, Infosys Limited, Oracle,

Global Procurement Outsourcing Market Segmentation:

By Service Type: Based on the Service Type, Global Procurement Outsourcing Market is segmented as; Business Process Outsourcing Services, Category Management, Consulting Services, Procure to Pay, Procurement Management, Source Management, Supplier Management.

By Application: Based on the Application, Global Procurement Outsourcing Market is segmented as; Facilities Management & Office Services, HR Related Services, IT Related Services, Marketing Related Services, Others.

By End User: Based on the End User, Global Procurement Outsourcing Market is segmented as; Automotive, BFSI, Biotechnology, Consumer Goods, Electronics, Energy and Utilities, Healthcare, Industrial, IT & Telecom, Logistics, Manufacturing, Oil & Gas, Pharmaceuticals, Power Generation, Retail, Water, Others.