Procurement Outsourcing - Global Strategic Business Report

The global market for Procurement Outsourcing was estimated at US$7.0 Billion in 2023, and is projected to reach US$17.6 Billion by 2030, growing at a CAGR of 14.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the procurement outsourcing market is driven by several factors. One of the primary drivers is the increasing pressure on businesses to reduce costs and improve operational efficiency amidst rising competition and economic uncertainty. Technological advancements, particularly in automation and data analytics, have made procurement outsourcing more efficient and effective, enabling service providers to deliver greater value to their clients. The globalization of supply chains has also contributed to market growth, as companies seek to manage complex, multi-tiered supplier networks and mitigate risks associated with geopolitical instability and regulatory changes. Additionally, the growing emphasis on sustainability and ethical sourcing has prompted businesses to seek the expertise of procurement firms that can help them navigate these challenges and achieve their corporate social responsibility (CSR) goals. These factors, combined with the rising demand for strategic procurement capabilities and the need for agility in a rapidly changing business environment, are propelling the expansion of the procurement outsourcing market.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Business Process Outsourcing Services segment, which is expected to reach US$10.4 Billion by 2030 with a CAGR of a 13.2%. The Consulting Services segment is also set to grow at 15.4% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $1.9 Billion in 2023, and China, forecasted to grow at an impressive 18.6% CAGR to reach $3.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Procurement Outsourcing Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Procurement Outsourcing Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Procurement Outsourcing Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Accenture PLC, Capgemini, Corbus, LLC, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 61 Featured):

• Accenture PLC
• Capgemini
• Corbus, LLC
• e-Business International Inc.
• Everest Global, Inc.
• Genpact
• GEP
• IBM Corporation
• Infosys BPM Limited
• LBMC Family of Companies
• Premier BPO LLC
• Refteck Solutions USA Inc.
• Tata Consultancy Services Ltd.
• The Hackett Group, Inc.
• Wipro Limited;