Europe 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 Europe Procurement Outsourcing Market is expected to 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 is expected to continue to be a dominant market till 2031; thereby, achieving a market value of USD799.3 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.

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

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe