Procurement Outsourcing Global Market Report 2024

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Procurement Outsourcing Global Market Report 2024
Global Forecast 2024 2033 Market Size, Drivers,
And Trends
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Procurement Outsourcing Market Segments
The Business Research Company segments the
procurement outsourcing market report as
Solution, Services
By Component
On-Premises, Cloud
By Deployment
Large Enterprises, Small And Medium Enterprise
By Enterprise Size
By Industry Verticals
Banking, Financial Services, And Insurance
(BFSI), Energy And Utilities, Healthcare, IT And
Telecom, Professional Services, Manufacturing,
Retail, Logistics, Other Industry Verticals
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Market Statistics
The global procurement outsourcing market size
grew from 4.13 billion in 2023 to 4.78 billion
in 2024 at a compound annual growth rate (CAGR)
of 15.6. The procurement outsourcing market size
is expected to grow to 8.01 billion in 2028 at a
compound annual growth rate (CAGR) of 13.8.
8.01 B
4.78 B
4.13 B
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Key Market Drivers And Trends
Drivers
The growing e-commerce industry is expected to
propel the growth of the procurement outsourcing
market going forward.
Trends
Developing innovative technologies is a key trend
gaining popularity in the procurement outsourcing
market.
Region
North America was the largest region in the
Procurement Outsourcing market in 2023. The
regions covered in the Procurement Outsourcing
market analysis report are Asia-Pacific, Western
Europe, Eastern Europe, North America, South
America, Middle East and Africa.
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Top Eleven Players In The Market

• Major players in the market are
• Microsoft Corporation,
• Siemens AG,
• General Electric Company,
• Accenture PLC,
• IBM Corporation,
• Ernst Young LLP

• SAP SE,
• Tata Consultancy Services \
• Capgemini SE,
• Cognizant Technology,
• Infosys Limited

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   against key competitors.
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