Global Procurement Outsourcing Services
Market Report
2025
The global Procurement Outsourcing Services market size will be USD 4251.8 million in 2025. Cost reduction & operational efficiency is expected to boost sales to USD 13465.69277 million by 2033, with a Compound Annual Growth Rate (CAGR) of 15.50% from 2025 to 2033.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Procurement Outsourcing Services market size will be USD 4251.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 15.50% from 2025 to 2033.
2021 | 2025 | 2033 | CAGR | |
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Global Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 4251.8 Million | $ 13465.7 Million | 15.5% |
North America Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 1573.17 Million | $ 4271.8 Million | 13.3% |
United States Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 1241.23 Million | 121212 | 13.1% |
Canada Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 188.78 Million | 121212 | 14.1% |
Mexico Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 143.16 Million | 121212 | 13.8% |
Europe Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 1233.02 Million | $ 3468.2 Million | 13.8% |
United Kingdom Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 207.15 Million | 121212 | 14.6% |
France Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 113.44 Million | 121212 | 13% |
Germany Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 244.14 Million | 121212 | 14% |
Italy Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 106.04 Million | 121212 | 13.2% |
Russia Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 191.12 Million | 121212 | 12.8% |
Spain Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 101.11 Million | 121212 | 12.9% |
Sweden Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 38.22 Million | 121212 | 13.9% |
Denmark Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 25.89 Million | 121212 | 13.6% |
Switzerland Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 18.5 Million | 121212 | 13.5% |
Luxembourg Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 14.8 Million | 121212 | 14.1% |
Rest of Europe Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 172.62 Million | 121212 | 12.5% |
Asia Pacific Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 1020.43 Million | $ 3707.5 Million | 17.5% |
China Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 428.58 Million | 121212 | 17% |
Japan Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 140.82 Million | 121212 | 16% |
South Korea Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 122.45 Million | 121212 | 16.6% |
India Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 102.04 Million | 121212 | 19.4% |
Australia Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 53.06 Million | 121212 | 16.8% |
Singapore Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 20.41 Million | 121212 | 17.8% |
Taiwan Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 39.8 Million | 121212 | 17.3% |
South East Asia Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 67.35 Million | 121212 | 18.3% |
Rest of APAC Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 45.92 Million | 121212 | 17.3% |
South America Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 161.57 Million | $ 477.3 Million | 14.5% |
Brazil Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 69.15 Million | 121212 | 15.1% |
Argentina Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 27.14 Million | 121212 | 15.4% |
Colombia Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 14.38 Million | 121212 | 14.3% |
Peru Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 13.25 Million | 121212 | 14.7% |
Chile Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 11.63 Million | 121212 | 14.8% |
Rest of South America Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 26.01 Million | 121212 | 13.6% |
Middle East Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 170.07 Million | $ 513.1 Million | 14.8% |
Qatar Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 13.61 Million | 121212 | 14.3% |
Saudi Arabia Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 59.87 Million | 121212 | 15.1% |
Turkey Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 13.61 Million | 121212 | 15.4% |
UAE Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 35.03 Million | 121212 | 15.3% |
Egypt Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 10.2 Million | 121212 | 14.6% |
Rest of Middle East Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 37.76 Million | 121212 | 14% |
Africa Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 93.54 Million | $ 290.1 Million | 15.2% |
Nigeria Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 7.48 Million | 121212 | 15.4% |
South Africa Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 32.93 Million | 121212 | 16.1% |
Rest of Africa Procurement Outsourcing Services Market Sales Revenue | 121212 | $ 53.13 Million | 121212 | 14.4% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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List of Competitors |
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Procurement Outsourcing Services Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The procurement outsourcing services market is experiencing significant growth as businesses seek to reduce costs, improve efficiency, and streamline supply chain operations. Companies across various industries are outsourcing procurement to specialized firms to leverage expertise, advanced analytics, and supplier networks. Key drivers of market growth include cost reduction, digital transformation, and increasing focus on core business functions. Additionally, emerging trends such as AI-driven procurement automation, sustainable sourcing, and strategic supplier partnerships are shaping the industry. As businesses emphasize agility, transparency, and compliance, procurement outsourcing is becoming a critical solution for optimizing supply chain resilience and operational efficiency, driving its demand globally.
In August 2024, investment firm Vista Equity Partners acquired Jaggaer, a procurement software company. This move is expected to bolster Vista's portfolio in procurement technology solutions. https://www.businesswire.com/news/home/20240813663143/en/Vista-Equity-Partners-Acquires-JAGGAER
Cost reduction and operational efficiency are key drivers of the procurement outsourcing services market as businesses seek to streamline operations, minimize expenses, and enhance productivity. Outsourcing procurement helps companies reduce administrative costs, supplier management expenses, and overhead related to in-house teams. Procurement service providers leverage bulk purchasing power, advanced analytics, and process automation to secure better pricing and faster sourcing. Additionally, companies benefit from optimized supply chain management, risk mitigation, and improved contract negotiations, leading to greater financial savings. By outsourcing, businesses can focus on strategic growth and core operations while ensuring cost-effective procurement processes, making it an attractive solution for industries seeking efficiency and profitability. For instance, in February 2024, Accenture announced its agreement to acquire Insight Sourcing, a strategic sourcing and procurement services provider. This acquisition aims to enhance Accenture's capabilities in sourcing and procurement, particularly for private equity firms and industries such as consumer goods, retail, technology, and industrial sectors.
Businesses are increasingly outsourcing procurement functions to specialized service providers to focus on their core competencies such as product development, customer experience, and market expansion. Procurement processes, including supplier management, contract negotiations, and compliance tracking, are often time-consuming and resource-intensive, diverting attention from strategic priorities. By leveraging procurement outsourcing services, companies can streamline operations, reduce overhead costs, and enhance efficiency while ensuring better supplier management and cost optimization. Additionally, outsourcing providers bring expertise, advanced analytics, and technology-driven solutions, helping businesses improve procurement strategies and risk management. As companies prioritize agility and operational efficiency, the demand for procurement outsourcing services continues to grow, enabling organizations to stay competitive in fast-evolving global markets.
One of the key challenges in the procurement outsourcing services market is the loss of direct control over procurement functions and the increased reliance on third-party vendors. Businesses that outsource procurement must trust external providers for supplier selection, contract negotiations, and compliance management, which can create risks related to quality assurance, supply chain disruptions, and strategic misalignment. Additionally, companies may struggle with limited flexibility in procurement decisions, as service providers operate based on predefined agreements and standardized processes. If vendors fail to deliver expected results or face operational inefficiencies, businesses can experience delays, cost overruns, and compliance risks, making some companies hesitant to fully embrace outsourcing.
The integration of artificial intelligence (AI), robotic process automation (RPA), and machine learning (ML) is transforming the procurement outsourcing services market by improving efficiency, accuracy, and cost-effectiveness. AI-powered tools help businesses automate repetitive tasks such as supplier evaluation, contract management, and invoice processing, reducing human error and operational costs. Predictive analytics enables companies to forecast demand, assess risks, and optimize sourcing strategies, leading to better decision-making. Chatbots and AI-driven procurement platforms are enhancing supplier negotiations and real-time tracking, making procurement more agile. As companies seek data-driven procurement solutions, the adoption of AI and automation in procurement outsourcing is becoming essential for achieving greater transparency, cost savings, and operational efficiency.
With increasing global emphasis on corporate social responsibility (CSR) and environmental, social, and governance (ESG) standards, businesses are prioritizing sustainable and ethical sourcing in procurement outsourcing. Companies now demand eco-friendly materials, fair trade compliance, and reduced carbon footprints from suppliers. Procurement outsourcing providers are integrating sustainability metrics, ethical labor practices, and green procurement strategies into their services to meet these evolving expectations. Additionally, regulatory frameworks and consumer awareness are pushing organizations to ensure transparent, responsible, and conflict-free supply chains. By adopting sustainable procurement models, businesses can enhance their brand reputation, regulatory compliance, and long-term profitability, making ethical sourcing a defining trend in procurement outsourcing services.
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The Procurement Outsourcing Services Market is highly competitive, with key players focusing on technology integration, automation, and cost-efficient solutions to differentiate themselves. Leading companies are leveraging AI, machine learning, and data analytics to enhance procurement processes. Strategic partnerships, mergers, and acquisitions are common, helping firms expand their geographic reach and service offerings. The market is also witnessing increasing adoption of cloud-based procurement platforms and digital procurement solutions, enabling businesses to optimize supply chain management. Companies are continuously innovating to meet growing demands for sustainable sourcing and risk management solutions.
In June 2024, GEP launched a powerful AI-driven total orchestration solution designed to transform enterprise procurement and supply chain operations. This solution leverages artificial intelligence to enhance efficiency, agility, and resilience in procurement processes. https://www.gep.com/newsroom/gep-launches-powerful-ai-driven-total-orchestration-solution-transforming-enterprise-procurement-and-supply-chain-operations In July 2022, KellyOCG partnered with Globality to transform its services procurement solution. This alliance integrates Globality's AI-powered platform with KellyOCG's expertise, aiming to enhance procurement processes and deliver greater value to clients. https://www.businesswire.com/news/home/20220720005358/en/KellyOCG-Partners-With-Globality-to-Transform-its-Services-Procurement-Solution
Top Companies Market Share in Procurement Outsourcing Services Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America currently dominates the Procurement Outsourcing Services market, and the region is expected to have significant growth during the projected period. This growth is due to the presence of large multinational corporations, advanced digital infrastructure, and strong demand for cost-efficient supply chain solutions. The region’s early adoption of AI-driven procurement analytics, cloud-based platforms, and automation has contributed to market expansion. The United States and Canada are home to leading outsourcing firms, benefiting from high investments in technology-driven procurement solutions. Additionally, industries such as healthcare, retail, and manufacturing are increasingly outsourcing procurement to enhance efficiency and focus on core business strategies, further solidifying North America’s market leadership.
Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). This growth is driven by rapid industrialization, increasing adoption of digital procurement, and the expansion of manufacturing hubs. Countries like India, China, and the Philippines are emerging as global outsourcing centers due to cost-effective service offerings, skilled labor, and government support for business process outsourcing (BPO). The growing presence of e-commerce, automotive, and IT industries is further accelerating demand for procurement outsourcing solutions. Additionally, increased investment in AI-based procurement automation and supplier risk management is propelling market growth across the region.
The current report Scope analyzes Procurement Outsourcing Services Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Procurement Outsourcing Services market size was estimated at USD 43521.6 Million, out of which North America held the major market share of more than 37% of the global revenue with a market size of USD 1573.17 million in 2025 and will grow at a compound annual growth rate (CAGR) of 13.3% from 2025 to 2033.
According to Cognitive Market Research, the US had a major share in the Procurement Outsourcing Services market with a market size of USD 1241.23 million in 2025 and is projected to grow at a CAGR of 13.1% during the forecast period. The U.S.’ early adoption of AI-driven procurement solutions is driving the market.
The Canadian Procurement Outsourcing Services market had a market share of USD 188.78 million in 2025 and is projected to grow at a CAGR of 14.1% during the forecast period. Canada’s high investments in digital transformation is further driving the market.
The Mexico Procurement Outsourcing Services market is projected to witness growth at a CAGR of 13.8% during the forecast period, with a market size of USD 143.16 million in 2025.
According to Cognitive Market Research, the global Procurement Outsourcing Services market size was estimated at USD 4251.8 Million, out of which Europe held the market share of more than 29% of the global revenue with a market size of USD 1233.02 million in 2025 and will grow at a compound annual growth rate (CAGR) of 13.8% from 2025 to 2033.
The United Kingdom Procurement Outsourcing Services market had a market share of USD 207.15 million in 2025 and is projected to grow at a CAGR of 14.6% during the forecast period. In the UK, Procurement Outsourcing Services sales witnessed an upswing due to integration of AI, blockchain, and cloud procurement solutions.
The France Procurement Outsourcing Services market is projected to witness growth at a CAGR of 13.0% during the forecast period, with a market size of USD 113.44 million in 2025.
According to Cognitive Market Research, the German Procurement Outsourcing Services market size was valued at USD 244.14 million in 2025 and is projected to grow at a CAGR of 14.0% during the forecast period. In Germany, growing cross-border trade is driving the Procurement Outsourcing Services Market
The Italy Procurement Outsourcing Services market is projected to witness growth at a CAGR of 13.2% during the forecast period, with a market size of USD 106.04 million in 2025.
The Russia Procurement Outsourcing Services market is projected to witness growth at a CAGR of 12.8% during the forecast period, with a market size of USD 191.12 million in 2025
The Spain Procurement Outsourcing Services market is projected to witness growth at a CAGR of 12.9% during the forecast period with a market size of USD 101.11 million in 2025
The Sweden Procurement Outsourcing Services market is projected to witness growth at a CAGR of 13.9% during the forecast period, with a market size of USD 38.22 million in 2025.
The Denmark Procurement Outsourcing Services market is projected to witness growth at a CAGR of 13.6% during the forecast period, with a market size of USD 25.89 million in 2025
The Switzerland Procurement Outsourcing Services market is projected to witness growth at a CAGR of 13.5% during the forecast period, with a market size of USD 18.50 million in 2025.
The Luxembourg Procurement Outsourcing Services market is projected to witness growth at a CAGR of 14.1% during the forecast period, with a market size of USD 14.80 million in 2025.
The Rest of Europe's Procurement Outsourcing Services market is projected to witness growth at a CAGR of 12.5% during the forecast period, with a market size of USD 172.62 million in 2025.
According to Cognitive Market Research, the global Procurement Outsourcing Services market size was estimated at USD 4251.8 Million, out of which APAC held the market share of around 24% of the global revenue with a market size of USD 1020.43 million in 2025 and will grow at a compound annual growth rate (CAGR) of 17.5%from 2025 to 2033.
According to Cognitive Market Research, the China Procurement Outsourcing Services market size was valued at USD 428.58 million in 2025 and is projected to grow at a CAGR of 17.0% during the forecast period. Procurement Outsourcing Services surged in China due to demand for strategic procurement optimization.
The Japan Procurement Outsourcing Services market is projected to witness growth at a CAGR of 16.0% during the forecast period, with a market size of USD 140.82 million in 2025
The South Korea Procurement Outsourcing Services market had a market share of USD 122.45 million in 2025 and is projected to grow at a CAGR of 16.6% during the forecast period.
The Indian Procurement Outsourcing Services market is projected to witness growth at a CAGR of 19.4% during the forecast period, with a market size of USD 102.04 million in 2025. Increasing foreign investments is driving the Procurement Outsourcing Services Market in India
The Australian Procurement Outsourcing Services market is projected to witness growth at a CAGR of 16.8% during the forecast period, with a market size of USD 53.06 million in 2025.
The Singapore Procurement Outsourcing Services market is projected to witness growth at a CAGR of 17.8% during the forecast period, with a market size of USD 20.41 million in 2025.
The Taiwan Procurement Outsourcing Services market is projected to witness growth at a CAGR of 17.3% during the forecast period, with a market size of USD 39.80 million in 2025.
The South East Asia Procurement Outsourcing Services market is projected to witness growth at a CAGR of 18.3% during the forecast period, with a market size of USD 67.35 million in 2025.
The Rest of APAC Procurement Outsourcing Services market is projected to witness growth at a CAGR of 17.3% during the forecast period, with a market size of USD 45.92 million in 2025.
According to Cognitive Market Research, the global Procurement Outsourcing Services market size was estimated at USD 4251.8 Million, out of which South America held the market share of around 4% of the global revenue with a market size of USD 161.57 million in 2025 and will grow at a compound annual growth rate (CAGR) of 14.5% from 2025 to 2033.
According to Cognitive Market Research, the Brazil Procurement Outsourcing Services market size was valued at USD 69.15 million in 2025 and is projected to grow at a CAGR of 15.1% during the forecast period. Procurement Outsourcing Services flourished in Brazil due to rise of nearshoring strategies.
Argentina's Procurement Outsourcing Services market had a market share of USD 27.14 million in 2025 and is projected to grow at a CAGR of 15.4% during the forecast period. Argentina's digital procurement adoption is further driving the Procurement Outsourcing Services market.
Colombia Procurement Outsourcing Services market is projected to witness growth at a CAGR of 14.3% during the forecast period, with a market size of USD 14.38 million in 2025
Peru Procurement Outsourcing Services market is projected to witness growth at a CAGR of 14.7% during the forecast period, with a market size of USD 13.25 million in 2025.
Chile Procurement Outsourcing Services market is projected to witness growth at a CAGR of 14.8% during the forecast period, with a market size of USD 11.63 million in 2025
The Rest of South America's Procurement Outsourcing Services market is projected to witness growth at a CAGR of 13.6% during the forecast period, with a market size of USD 26.01 million in 2025.
According to Cognitive Market Research, the global Procurement Outsourcing Services market size was estimated at USD 4251.8 Million, out of which the Middle East held the major market share of around 4% of the global revenue with a market size of USD 170.07 million in 2025 and will grow at a compound annual growth rate (CAGR) of 14.8% from 2025 to 2033.
The Qatar Procurement Outsourcing Services market is projected to witness growth at a CAGR of 14.3% during the forecast period, with a market size of USD 13.61 million in 2025. Procurement Outsourcing Services sales flourish due to growing outsourcing procurement functions.
The Saudi Arabia Procurement Outsourcing Services market is projected to witness growth at a CAGR of 15.1% during the forecast period, with a market size of USD 59.87 million in 2025.
The Turkey Procurement Outsourcing Services market is projected to witness growth at a CAGR of 15.4% during the forecast period, with a market size of USD 13.61 million in 2025. Procurement Outsourcing Services sales flourished in Turkey due to adoption of AI, blockchain-based procurement system.
The UAE Procurement Outsourcing Services market is projected to witness growth at a CAGR of 15.3% during the forecast period, with a market size of USD 35.03 million in 2025.
The Egypt Procurement Outsourcing Services market is projected to witness growth at a CAGR of 14.6% during the forecast period, with a market size of USD 10.20 million in 2025.
The Rest of the Middle East Procurement Outsourcing Services market is projected to witness growth at a CAGR of 14.0% during the forecast period, with a market size of USD 37.76 million in 2025
According to Cognitive Market Research, the global Procurement Outsourcing Services market size was estimated at USD 4251.8 Million, out of which the Africa held the major market share of around 2.20% of the global revenue with a market size of USD 93.54 million in 2025 and will grow at a compound annual growth rate (CAGR) of 15.2% from 2025 to 2033..
The Nigeria Procurement Outsourcing Services market is projected to witness growth at a CAGR of 15.4% during the forecast period, with a market size of USD 7.48 million in 2025. Procurement Outsourcing Services sales flourish due to outsourcing procurement functions.
The South Africa Procurement Outsourcing Services market is projected to witness growth at a CAGR of 16.1% during the forecast period, with a market size of USD 32.93 million in 2025. Growth of digital procurement solutions is driving the South Africa Procurement Outsourcing Services market.
The Rest of Africa Procurement Outsourcing Services market is projected to witness growth at a CAGR of 14.4% during the forecast period, with a market size of USD 53.13 million in 2025.
Global Procurement Outsourcing Services Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Procurement Outsourcing Services Industry growth. Procurement Outsourcing Services market has been segmented with the help of its Type Outlook:, Industry Outlook: , and others. Procurement Outsourcing Services market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Procurement Outsourcing Services Market?
According to Cognitive Market Research, Category management dominates the procurement outsourcing services market as companies prioritize strategic sourcing, supplier segmentation, and cost optimization. By grouping similar goods and services into categories, businesses can achieve better pricing, improved supplier relationships, and streamlined procurement processes. This approach enhances spend visibility, risk management, and operational efficiency, making it a preferred choice for organizations across industries. Additionally, AI-driven analytics and automation have further strengthened category management, enabling data-driven decision-making and increasing its adoption across retail, manufacturing, and healthcare sectors.
Source management is the fastest-growing segment in the Procurement Outsourcing Services Market. Source management is witnessing the highest CAGR due to its critical role in supplier selection, contract negotiation, and risk mitigation. As businesses seek to optimize supplier performance, reduce procurement costs, and ensure compliance, outsourcing sourcing functions has become a strategic move. The integration of AI, blockchain, and cloud-based procurement platforms is improving supplier evaluation, bidding processes, and procurement transparency, driving growth. Additionally, industries such as automotive, healthcare, and IT services are increasingly adopting digital sourcing strategies, further fueling demand for outsourced source management solutions..
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According to Cognitive Market Research, the energy & utilities industry leads the procurement outsourcing services market due to its high procurement complexity, regulatory requirements, and demand for cost efficiency. Companies in this sector require strategic sourcing, supplier risk management, and contract optimization to handle large-scale infrastructure projects and fluctuating energy costs. Procurement outsourcing helps energy firms reduce operational costs, ensure compliance, and manage supply chain risks effectively. Additionally, with growing investments in renewable energy and smart grid technologies, energy companies are increasingly leveraging outsourced procurement solutions for better efficiency and sustainability.
power generation industry is the fastest-growing segment in the Procurement Outsourcing Services Market. The power generation industry is expanding at the fastest CAGR due to the increasing demand for sustainable energy, infrastructure modernization, and digital procurement solutions. Power generation companies require efficient procurement of turbines, transmission equipment, and maintenance services, making outsourcing a key strategy to optimize costs and ensure timely supplier management. The shift toward renewable energy projects and grid modernization has increased the demand for procurement analytics, supplier risk assessment, and AI-driven sourcing, driving rapid growth in procurement outsourcing services for the industry.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Conclusion
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Disclaimer:
Type Outlook: | Category Management, Source Management, Procurement Management, Supplier Management, Procure to Pay |
Industry Outlook: | BFSI (Banking Financial Services and Insurance), Energy & Utilities, Oil & Gas, Power Generation, Water, Healthcare, Pharmaceuticals, Biotechnology, IT & Telecom, Professional Services |
List of Competitors | Accenture (Ireland), GEP Worldwide (United States), IBM Corporation (United States), Genpact (United States), Capgemini (France), Infosys BPM (India), Wipro Limited (India), HCL Technologies (India), TCS (India), Xchanging (DXC Technology) (United Kingdom) |
This chapter will help you gain GLOBAL Market Analysis of Procurement Outsourcing Services. Further deep in this chapter, you will be able to review Global Procurement Outsourcing Services Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Procurement Outsourcing Services. Further deep in this chapter, you will be able to review North America Procurement Outsourcing Services Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Procurement Outsourcing Services. Further deep in this chapter, you will be able to review Europe Procurement Outsourcing Services Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Procurement Outsourcing Services. Further deep in this chapter, you will be able to review Asia Pacific Procurement Outsourcing Services Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Procurement Outsourcing Services. Further deep in this chapter, you will be able to review South America Procurement Outsourcing Services Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Procurement Outsourcing Services. Further deep in this chapter, you will be able to review Middle East Procurement Outsourcing Services Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Procurement Outsourcing Services. Further deep in this chapter, you will be able to review Middle East Procurement Outsourcing Services Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Procurement Outsourcing Services. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Outlook: Analysis 2019 -2031, will provide market size split by Type Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Outlook: Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Industry Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Procurement Outsourcing Services market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
Why Category Management have a significant impact on Procurement Outsourcing Services market? |
What are the key factors affecting the Category Management and Source Management of Procurement Outsourcing Services Market? |
What is the CAGR/Growth Rate of BFSI (Banking Financial Services and Insurance) during the forecast period? |
By type, which segment accounted for largest share of the global Procurement Outsourcing Services Market? |
Which region is expected to dominate the global Procurement Outsourcing Services Market within the forecast period? |