Frequently asked questions
Following the outbreak of the COVID-19 pandemic, large-scale digitalization is gaining traction for automating critical business processes like procurement and sourcing. This is expected to boost the growth of the procurement outsourcing market over the forecast period.
In 2021, North America had the highest revenue share of the global procurement outsourcing market.
What are the key drivers for the growth of the procurement outsourcing market?
In 2021, the cloud segment held a large global market share.
In 2021, the BFSI sector held a major global market revenue share.