Asia-Pacific Procurement Outsourcing Market Size, Share & Trends Analysis Report By Component, By Deployment, By Industry Vertical, By Organization Size, By Country and Growth Forecast, 2024 - 2031

The Asia Pacific Procurement Outsourcing Market is expected to witness market growth of 11.3% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific Procurement Outsourcing Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of USD915.5 million by 2031. The Japan market is registering a CAGR of 10.6% during 2024-2031. Additionally, the India market is expected to obtain a CAGR of 12.1% during 2024-2031.



Advanced technologies, such as AI, ML, and analytics, are frequently integrated into the processes of procurement outsourcing firms. This allows organizations to benefit from predictive analytics, automated sourcing, and smarter contract management, which can drive efficiencies and enhance decision-making. Companies experiencing seasonal fluctuations can leverage procurement outsourcing to scale their procurement activities up or down quickly. This flexibility allows organizations to respond efficiently to changing demands without maintaining a large internal procurement team year-round.

The adoption of procurement outsourcing has accelerated due to various factors. Organizations adopting procurement outsourcing often consider it a critical component of broader transformation initiatives. By outsourcing, they can re-engineer their procurement processes to align with overall business strategy, fostering innovation and agility. The shift towards procurement outsourcing is frequently intertwined with digital transformation efforts. Companies are adopting outsourcing to cut costs and integrate advanced technologies, such as e-procurement systems and analytics platforms, that enhance procurement capabilities.

The competitive nature of China’s IT landscape compels organizations to optimize their procurement processes. By outsourcing procurement functions, companies can leverage the expertise of specialized service providers, ensuring access to the latest technologies and best practices. This trend is particularly evident as businesses aim to remain agile and responsive in a fast-paced market, enhancing their ability to meet evolving customer demands.

As revenue and growth rates in the IT industry continue to soar, adopting procurement outsourcing is expected to gain momentum, facilitating improved efficiency, cost management, and competitive advantage for organizations operating within this vibrant sector. In conclusion, the growth of the IT sector in China and the robust growth of the BFSI sector in India is a significant driver for the procurement outsourcing market in the region.

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

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

• China
• Japan
• India
• South Korea
• Australia
• Malaysia
• Rest of Asia Pacific