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Procurement Outsourcing Market By Deployment Mode (Cloud, On-Premises) By Organization Size (Large Organization, Small & Medium Organizations) By Component (Services, Solutions) By Vertical (IT & Telecommunication, Manufacturing, Healthcare) – Growth, Future Prospects & Competitive Analysis, 2016 – 2028

Summary
Table Of Content

About this report

The global procurement outsourcing market report explores the critical analysis of the procurement outsourcing industry using key parameters. The report includes investment strategies, the need for investments in the procurement outsourcing industry, and the numerous advantages for investors. Importantly, this report outlines significant changes in global technical regulations for the procurement outsourcing industry and how economic and non-economic barriers assist the market’s growth. In addition, the report analyzes historical and projected market sizes at the global, regional, and national levels. The report also thoroughly examines key investment propositions, competitor positioning, demand and supply gaps, SRC analysis, STAR analysis, and Tornado analysis. Other analyses and key technological developments include PESTEL analysis, Porter’s five forces analysis, value chain analysis, etc.

REPORT ATTRIBUTE	DETAILS
Procurement Outsourcing Market by Value	Yes
Market, Tornado Analysis	Yes
Market, STAR Analysis	Yes
PMarket, SRC Analysis	Yes
Market, Import-Export Data	Yes (On Demand)
Market Pricing Analysis	Yes (On Demand)
Market Segment Analysis	By Deployment Mode (Cloud and On-Premises) By Organization Size (Large and Small & Medium Organization) By Component (Services and Solutions) By Vertical (IT & Telecommunication, Retail & Consumer Goods, BFSI, Manufacturing, Healthcare, and Others)
Market, Regional Analysis	North America (US and Canada) Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe) Asia Pacific (China, India, Japan, South Korea, South East Asia, and the Rest of Asia Pacific) Latin America (Brazil, Mexico, and the Rest of Latin America) Middle East and Africa (GCC Countries, South Africa, and the Rest of the Middle East and Africa)
Market Key Companies	Tata Consultancy Services Limited (India), Wipro Limited (India), Oracle (US), IBM (US), Broadcom (US), Infosys Limited (India), Corbus LLC (India), Accenture (Ireland), GEP (US), Genpact (US), WNS (Holdings) Ltd (India), Proxima (UK), Capgemini (France), HCL Technologies Limited (India), AEGIS Company (India), DXC Technology Company (UK), and Aquanima S.A. (Spain)
Market Competitive Landscape	Market Share Analysis Competitive Benchmarking Key Players Market Positioning Geographical Presence Analysis Major Strategies Adopted

Key Highlights of the Report

How are the major segments performing in the procurement outsourcing market?

In 2021, the cloud segment led the global market in terms of deployment mode. Businesses are actively using procurement outsourcing services to reduce the risks owing to the increasing difficulty of controlling vulnerabilities brought on by the soaring use of cloud-based technologies and rapidly increasing hacking attempts.
In 2021, the large organization size segment accounted for the largest global procurement outsourcing market share. Large firms, which will continue to engage in these services to manage complex procurement contracts and bag agreements, will remain the largest category. Moreover, the ability to reduce operating expenses while eliminating business complications makes these services appealing to large enterprises.
The services component segment dominated the global market in 2021. Organizations can choose better strategies for procurement outsourcing services due to the growing number of challenges, including the COVID-19 pandemic outbreak, natural disasters, and global political unrest that have a long-lasting effect on businesses. Strategic sourcing services also assist businesses in achieving their efficiency and performance objectives by thoroughly analyzing supplier performance, internal operations, and supply markets.
In 2021, the vertical manufacturing segment held the largest market revenue share. The growth of this market segment was largely attributed to the supply chain network’s shorter lead times. Manufacturing will remain the market’s primary demand driver until 2030. Improving supply chain dynamics for direct inputs and raw materials is the main goal of the services provided to the manufacturing industry.

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Which region dominated the procurement outsourcing market?

In 2021, the North American region was anticipated to hold a prominent share of the global procurement outsourcing market. The region’s growth can be attributed to the highest number of P2P outsourcing agreements signed in the region due to growing P2P outsourcing activities in both public and private sector organizations. A number of the region’s top financial services companies outsource their procurement processes to gain access to cutting-edge technologies like procurement analytics services. The region’s retail, manufacturing, and utility companies have already begun implementing advanced technologies such as AI and IoT to improve business processes and customer service. The Internet of Things is changing how processes and technologies drive value in enterprise procurement outsourcing.

How is the US market performing in the procurement outsourcing market?

The widespread adoption of advanced technologies and the increasing complexity of procurement drive the outsourcing market in the United States. North America leads the industry due to the increasing use of outsourcing by multiple regional vendors to improve procurement operations. The North American procurement industry is driven by strategic sourcing, which helps maintain a balance between product and service quality and cost. In addition, the indirect procurement outsourcing market is doing well in the country, as many businesses have realized the significance of this aspect. The top service providers in the United States are using innovative methods to deliver these services, improved research and development, joint ventures with other businesses, and exploration of new tools and technologies to increase their presence, ultimately benefiting the procurement outsourcing market.

What is the competitive environment of the procurement outsourcing market?

Several companies have provided procurement outsourcing services to their clients for many years, resulting in a significantly strong vendor landscape with a fragmented nature. Most businesses are implementing novel mechanisms to enhance the quality of their outsourcing services. Major players in the global procurement outsourcing market often employ key strategies like process automation, developing an affordable cost structure, and simplifying the IT environment. For instance, Everest Group recognized Tata Consultancy Services as a leader in the PEAK Matrix for Multi-Process Human Resources Outsourcing (MPHRO) Services in April 2022. In Europe, the Middle East, and Latin America, the human resource practice of TCS has reportedly increased quickly. Similarly, in July 2022, Infosys announced a deal to buy BASE Life Sciences in Europe to realize the business value of the global life sciences companies’ efforts to accelerate clinical trials, scale drug development, use cloud-first digital platforms and data, and improve health outcomes.

Executive Summary

Key trends in the procurement outsourcing market

Increased focus on cost minimization: Companies are using the software as a service to delegate their business operations to a different company so they can focus on their core competencies. This will result in lower business handling and maintenance costs, propelling the market’s growth rate to new heights. As a result, procurement procedures are made more efficient while incurring lower costs.
Growing need to automate business operations: Many businesses are automating their processes to increase efficiency and cut operational costs while concentrating on their core competencies. As a result, the global procurement outsourcing market is expected to expand rapidly. More than 30% of companies worldwide will be fully automated in at least one function by 2020.

Technical developments in the global procurement outsourcing market

Adopting cutting-edge technology to streamline business operations will fuel the growth of the procurement outsourcing market during the anticipated period. The automation of business processes is made possible by machine learning and artificial intelligence. In the long run, improving procurement functions within organizations with the help of emerging technologies will be essential for fostering market growth. Companies are eager to use these technologies because they will improve their scalability and flexibility and reduce their overall operating costs. Employing software as a service allows businesses to concentrate on their core competencies while outsourcing their business processes to a third-party company. The automation of business processes is also helped by artificial intelligence and machine learning. For instance, Wipro Limited announced FieldX in July 2021, a cloud-based service lifecycle automation process built on ServiceNow’s Now Platform. FieldX can help manufacturing businesses scale up and enhance their post-sale customer support operations while reducing costs.

Key investments by the players in the procurement outsourcing market

Services for outsourcing procurement assist businesses in boosting investment savings, lowering operational costs, and enhancing operations. Investment strategies involving mergers and acquisitions strongly emphasize enhancing the firm’s capacity to provide supply chain transformation to businesses. Moreover, businesses keep working with suppliers to simplify compliance requirements and handle cross-functional business decisions. For instance, Accenture PLC announced in September 2022 that it had acquired Sentia’s operations in Bulgaria, Belgium, and the Netherlands, enhancing its capacity to offer end-to-end cloud infrastructure and services across public, private, and sovereign clouds.

Some major players in the procurement outsourcing market are Tata Consultancy Services Limited (India), Wipro Limited (India), Oracle (US), IBM (US), Broadcom (US), Infosys Limited (India), Corbus LLC (India), Accenture (Ireland), GEP (US), Genpact (US), WNS (Holdings) Ltd (India), Proxima (UK), Capgemini (France), HCL Technologies Limited (India), AEGIS Company (India), DXC Technology Company (UK), and Aquanima S.A. (Spain).

Major driving factors for the procurement outsourcing market

Procurement outsourcing services assist businesses in reducing operational costs, increasing investment savings, and improving operations. The growing adoption of IT and BPO processes for improving procurement outsourcing services has been the main driver of this g operations. The growing adoption of IT and BPO processes for improving procurement outsourcing services has been the main driver of this market’s size in recent years. Many service providers are shifting toward automated BPO operations, which can only be accomplished by making quality procurement outsourcing processes more accessible. Rapid technological advancements, increased demand for procurement outsourcing services from the industrial, operational, and financial sectors, and widespread adoption of artificial intelligence and big data technologies are all expected to create new prospects for the procurement outsourcing market share throughout the forecast period.

Major risks for the procurement outsourcing market

The high costs associated with creating these services are frequently passed on to the clients through high fees. This might lead them to look into less expensive options, restraining the global procurement outsourcing market. In remote and underdeveloped areas, operating these systems is severely hampered by a lack of sufficient labor and resources. However, many businesses are anticipated to launch cost-effective solutions soon, which could mitigate the global procurement outsourcing market’s challenges.

Key vertical in the procurement outsourcing market

The manufacturing segment will hold a prominent share of the global procurement outsourcing market in 2021. Due to the regulatory standards consistently applied across all manufacturing industries, more and more manufacturing firms are utilizing procurement outsourcing services. Procurement outsourcing assists manufacturing companies in organizing their processes and increasing operational productivity. Businesses in the manufacturing sector must abide by these rules while using the network security process to protect their sensitive data. As a result, the growing need to comply with and adhere to all rules may be a key factor in the growth of the procurement outsourcing market. The primary objective of the services offered to the manufacturing sector is to enhance the dynamics of the supply chain for direct inputs and raw materials.

Procurement outsourcing market performance in different regions

The Asia Pacific market is expected to witness high growth during the market forecast period owing to a significant increase in demand for digital solutions to manage and streamline supply chain operations. In addition, the growing use of the internet for direct and indirect procurement services makes procurement more appealing in this region. The demand for new outsourcing sources of supply has also grown quickly in nations with strict supply markets, such as Japan, China, and India. The demand for procurement as a service solutions is anticipated to increase significantly over the forecast period to manage the new sources.

Regulatory landscape for the procurement outsourcing market

There is an increasing need to improve supply chain efficiency and effectiveness. Another factor driving procurement outsourcing is adhering to regulations and ensuring compliance. More businesses are turning to procurement outsourcing services due to the common regulatory standards used across different industries. The main factors driving the market’s expansion are the emergence of nearshore and offshore outsourcing locations and the requirement to follow regulatory requirements and ensure compliance.

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Market size of procurement outsourcing in terms of value

The global procurement outsourcing market is anticipated to grow at a substantial CAGR of 13.9% in the upcoming years. The global procurement outsourcing industry was estimated to be worth USD 2489.5 million in 2021 and was expected to be worth USD 5435.68 million by 2028.

Major players’ future plans for the procurement outsourcing market

Most outsourcing vendors in the sector will pursue a long-term strategy of offering unique, sector-specific solutions. Mergers and acquisitions will remain a critical growth strategy for capturing regional expertise and know-how while increasing market share. The procurement service offerings will also offer additional features, including analytics, to the end user with the integration of newer technologies, like AI and machine learning, opening up opportunities for future growth. For instance, IBM launched IBM z/OS V2.5, the next-generation operating system (OS) for IBM Z, in June 2021 to encourage client adoption of procurement hybrid cloud and artificial intelligence and drive application modernization outsourcing efforts.

Segmentation of Global Procurement Outsourcing Market –

Global Procurement Outsourcing Market – By Deployment Mode

Cloud
On-Premises

Global Procurement Outsourcing Market – By Organization Size

Large Organization
Small & Medium Organizations

Global Procurement Outsourcing Market – By Component

Services
Solutions

Industrial Global Procurement Outsourcing Market – By Vertical

IT & Telecommunication
Manufacturing
Healthcare
BFSI
Retail & Consumer Goods
Others

Global Procurement Outsourcing Market – By Region

North America
- US
- Canada
Europe
- Germany
- France
- UK.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Procurement Outsourcing Market
2.2. Global Procurement Outsourcing Market, By Deployment Mode
2.3. Global Procurement Outsourcing Market, By Organization Size
2.4. Global Procurement Outsourcing Market, By Component
2.5. Global Procurement Outsourcing Market, By Vertical
2.6. Global Procurement Outsourcing Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Procurement Outsourcing Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Market Drivers
3.2.3. Market Restraints
3.2.4. Market Opportunities
3.2.5. Major Industry Challenges
3.3. Attractive Investment Proposition,2021
3.3.1. Deployment Mode
3.3.2. Organization Size
3.3.3. Component
3.3.4. Vertical
3.3.5. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Value Chain Analysis
4.4. Technology Analysis
4.5. Marketing Strategy Analysis
4.5.1. Direct Marketing
4.5.2. Indirect Marketing
4.5.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2021
5.1. Company Market Share of Key Players, 2021
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. COVID-19 Impact Analysis
6.1. Global Procurement Outsourcing Market Pre Vs Post COVID-19, 2019 – 2028
6.2. Impact on Import & Export
6.3. Impact on Demand & Supply

7. Global Procurement Outsourcing Market
7.1. Global Procurement Outsourcing Market, by Deployment Mode, 2016-2028(US$ Bn)
7.1.1. Overview
7.1.2. Global Procurement Outsourcing Market, By Deployment Mode, 2021 vs 2028 (in%)
7.1.3. Global Procurement Outsourcing Market, By Cloud, 2016-2028 (US$ Bn)
7.1.4. Global Procurement Outsourcing Market, By On-Premises, 2016-2028 (US$ Bn)
7.2. Global Procurement Outsourcing Market, by Organization Size, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Global Procurement Outsourcing Market, By Organization Size, 2021 vs 2028 (in%)
7.2.3. Global Procurement Outsourcing Market, By Large, 2016-2028 (US$ Bn)
7.2.4. Global Procurement Outsourcing Market, By Small & Medium Organization, 2016-2028 (US$ Bn)
7.3. Global Procurement Outsourcing Market, by Component, 2016-2028(US$ Bn)
7.3.1. Overview
7.3.2. Global Procurement Outsourcing Market, By Component, 2021 vs 2028 (in%)
7.3.3. Global Procurement Outsourcing Market, By Services, 2016-2028 (US$ Bn)
7.3.4. Global Procurement Outsourcing Market, By Solutions, 2016-2028 (US$ Bn)
7.4. Global Procurement Outsourcing Market, by Vertical, 2016-2028(US$ Bn)
7.4.1. Overview
7.4.2. Global Procurement Outsourcing Market, By Vertical, 2021 vs 2028 (in%)
7.4.3. Global Procurement Outsourcing Market, By IT & Telecommunication, 2016-2028 (US$ Bn)
7.4.4. Global Procurement Outsourcing Market, By Manufacturing, 2016-2028 (US$ Bn)
7.4.5. Global Procurement Outsourcing Market, By Healthcare, 2016-2028 (US$ Bn)
7.4.6. Global Procurement Outsourcing Market, By BFSI, 2016-2028 (US$ Bn)
7.4.7. Global Procurement Outsourcing Market, By Retail & Consumer Goods, 2016-2028 (US$ Bn)
7.4.8. Global Procurement Outsourcing Market, By Others, 2016-2028 (US$ Bn)

8. North America Procurement Outsourcing Market Analysis
8.1. North America Procurement Outsourcing Market, by Deployment Mode, 2016-2028(US$ Bn)
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Procurement Outsourcing Market, by Organization Size, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. SRC Analysis
8.3. North America Procurement Outsourcing Market, by Component, 2016-2028(US$ Bn)
8.3.1. Overview
8.3.2. SRC Analysis
8.4. North America Procurement Outsourcing Market, by Vertical, 2016-2028(US$ Bn)
8.4.1. Overview
8.4.2. SRC Analysis
8.5. North America Procurement Outsourcing Market, by Country, 2016-2028 (US$ Bn)
8.5.1. U.S.
8.5.1.1. U.S. Procurement Outsourcing Market Estimates and Forecast, 2016-2028 (US$ Bn)
8.5.1.2. U.S. Procurement Outsourcing Market, By Deployment Mode, 2016-2028 (US$ Bn)
8.5.1.3. U.S. Procurement Outsourcing Market, By Organization Size, 2016-2028 (US$ Bn)
8.5.1.4. U.S. Procurement Outsourcing Market, By Component, 2016-2028 (US$ Bn)
8.5.1.5. U.S. Procurement Outsourcing Market, By Vertical, 2016-2028 (US$ Bn)
8.5.2. Canada
8.5.2.1. Canada Procurement Outsourcing Market Estimates and Forecast, 2016-2028 (US$ Bn)
8.5.2.2. Canada Procurement Outsourcing Markets, By Deployment Mode, 2016-2028 (US$ Bn)
8.5.2.3. Canada Procurement Outsourcing Market, By Organization Size, 2016-2028 (US$ Bn)
8.5.2.4. Canada Procurement Outsourcing Market, By Component, 2016-2028 (US$ Bn)
8.5.2.5. Canada Procurement Outsourcing Market, By Vertical, 2016-2028 (US$ Bn)

9. Europe Procurement Outsourcing Market Analysis
9.1. Europe Procurement Outsourcing Market, by Deployment Mode, 2016-2028(US$ Bn)
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Procurement Outsourcing Market, by Organization Size, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.2. SRC Analysis
9.3. Europe Procurement Outsourcing Market, by Component, 2016-2028(US$ Bn)
9.3.1. Overview
9.3.2. SRC Analysis
9.4. Europe Procurement Outsourcing Market, by Vertical, 2016-2028(US$ Bn)
9.4.1. Overview
9.4.2. SRC Analysis
9.5. Europe Procurement Outsourcing Market, by Country, 2016-2028 (US$ Bn)
9.5.1. Germany
9.5.1.1. Germany Procurement Outsourcing Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.5.1.2. Germany Procurement Outsourcing Market, By Deployment Mode, 2016-2028 (US$ Bn)
9.5.1.3. Germany Procurement Outsourcing Market, By Organization Size, 2016-2028 (US$ Bn)
9.5.1.4. Germany Procurement Outsourcing Market, By Component, 2016-2028 (US$ Bn)
9.5.1.5. Germany Procurement Outsourcing Market, By Vertical, 2016-2028 (US$ Bn)
9.5.2. France
9.5.2.1. France Procurement Outsourcing Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.5.2.2. France Procurement Outsourcing Market, By Deployment Mode, 2016-2028 (US$ Bn)
9.5.2.3. France Procurement Outsourcing Market, By Organization Size, 2016-2028 (US$ Bn)
9.5.2.4. France Procurement Outsourcing Market, By Component, 2016-2028 (US$ Bn)
9.5.2.5. France Procurement Outsourcing Market, By Vertical, 2016-2028 (US$ Bn)
9.5.3. UK
9.5.3.1. UK Procurement Outsourcing Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.5.3.2. UK Procurement Outsourcing Market, By Deployment Mode, 2016-2028 (US$ Bn)
9.5.3.3. UK Procurement Outsourcing Market, By Organization Size, 2016-2028 (US$ Bn)
9.5.3.4. UK Procurement Outsourcing Market, By Component, 2016-2028 (US$ Bn)
9.5.3.5. UK Procurement Outsourcing Market, By Vertical, 2016-2028 (US$ Bn)
9.5.4. Italy
9.5.4.1. Italy Procurement Outsourcing Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.5.4.2. Italy Procurement Outsourcing Market, By Deployment Mode, 2016-2028 (US$ Bn)
9.5.4.3. Italy Procurement Outsourcing Market, By Organization Size, 2016-2028 (US$ Bn)
9.5.4.4. Italy Procurement Outsourcing Market, By Component, 2016-2028 (US$ Bn)
9.5.4.5. Italy Procurement Outsourcing Market, By Vertical, 2016-2028 (US$ Bn)
9.5.5. Spain
9.5.5.1. Spain Procurement Outsourcing Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.5.5.2. Spain Procurement Outsourcing Market, By Deployment Mode, 2016-2028 (US$ Bn)
9.5.5.3. Spain Procurement Outsourcing Market, By Organization Size, 2016-2028 (US$ Bn)
9.5.5.4. Spain Procurement Outsourcing Market, By Component, 2016-2028 (US$ Bn)
9.5.5.5. Spain Procurement Outsourcing Market, By Vertical, 2016-2028 (US$ Bn)
9.5.6. Rest of Europe
9.5.6.1. Rest of Europe Procurement Outsourcing Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.5.6.2. Rest of Europe Procurement Outsourcing Market, By Deployment Mode, 2016-2028 (US$ Bn)
9.5.6.3. Rest of Europe Procurement Outsourcing Market, By Organization Size, 2016-2028 (US$ Bn)
9.5.6.4. Rest of Europe Procurement Outsourcing Market, By Component, 2016-2028 (US$ Bn)
9.5.6.5. Rest of Europe Procurement Outsourcing Market, By Vertical, 2016-2028 (US$ Bn)

10. Asia Pacific Procurement Outsourcing Market Analysis
10.1. Asia Pacific Procurement Outsourcing Market, by Deployment Mode, 2016-2028(US$ Bn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Procurement Outsourcing Market, by Organization Size, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. Asia Pacific Procurement Outsourcing Market, by Component, 2016-2028(US$ Bn)
10.3.1. Overview
10.3.2. SRC Analysis
10.4. Asia Pacific Procurement Outsourcing Market, by Vertical, 2016-2028(US$ Bn)
10.4.1. Overview
10.4.2. SRC Analysis
10.5. Asia Pacific Procurement Outsourcing Market, by Country, 2016-2028 (US$ Bn)
10.5.1. China
10.5.1.1. China Procurement Outsourcing Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.5.1.2. China Procurement Outsourcing Market, By Deployment Mode, 2016-2028 (US$ Bn)
10.5.1.3. China Procurement Outsourcing Market, By Organization Size, 2016-2028 (US$ Bn)
10.5.1.4. China Procurement Outsourcing Market, By Component, 2016-2028 (US$ Bn)
10.5.1.5. China Procurement Outsourcing Market, By Vertical, 2016-2028 (US$ Bn)
10.5.2. Japan
10.5.2.1. Japan Procurement Outsourcing Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.5.2.2. Japan Procurement Outsourcing Market, By Deployment Mode, 2016-2028 (US$ Bn)
10.5.2.3. Japan Procurement Outsourcing Market, By Organization Size, 2016-2028 (US$ Bn)
10.5.2.4. Japan Procurement Outsourcing Market, By Component, 2016-2028 (US$ Bn)
10.5.2.5. Japan Procurement Outsourcing Market, By Vertical, 2016-2028 (US$ Bn)
10.5.3. India
10.5.3.1. India Procurement Outsourcing Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.5.3.2. India Procurement Outsourcing Market, By Deployment Mode, 2016-2028 (US$ Bn)
10.5.3.3. India Procurement Outsourcing Market, By Organization Size, 2016-2028 (US$ Bn)
10.5.3.4. India Procurement Outsourcing Market, By Component, 2016-2028 (US$ Bn)
10.5.3.5. India Procurement Outsourcing Market, By Vertical, 2016-2028 (US$ Bn)
10.5.4. South Korea
10.5.4.1. South Korea Procurement Outsourcing Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.5.4.2. South Korea Procurement Outsourcing Market, By Deployment Mode, 2016-2028 (US$ Bn)
10.5.4.3. South Korea Procurement Outsourcing Market, By Organization Size, 2016-2028 (US$ Bn)
10.5.4.4. South Korea Procurement Outsourcing Market, By Component, 2016-2028 (US$ Bn)
10.5.4.5. South Korea Procurement Outsourcing Market, By Vertical, 2016-2028 (US$ Bn)
10.5.5. South-East Asia
10.5.5.1. South-East Asia Procurement Outsourcing Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.5.5.2. South-East Asia Procurement Outsourcing Market, By Deployment Mode, 2016-2028 (US$ Bn)
10.5.5.3. South-East Asia Procurement Outsourcing Market, By Organization Size, 2016-2028 (US$ Bn)
10.5.5.4. South-East Asia Procurement Outsourcing Market, By Component, 2016-2028 (US$ Bn)
10.5.5.5. South-East Asia Procurement Outsourcing Market, By Vertical, 2016-2028 (US$ Bn)
10.5.6. Rest of Asia Pacific
10.5.6.1. Rest of Asia Pacific Procurement Outsourcing Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.5.6.2. Rest of Asia Pacific Procurement Outsourcing Market, By Deployment Mode, 2016-2028 (US$ Bn)
10.5.6.3. Rest of Asia Pacific Procurement Outsourcing Market, By Organization Size, 2016-2028 (US$ Bn)
10.5.6.4. Rest of Asia Pacific Procurement Outsourcing Market, By Component, 2016-2028 (US$ Bn)
10.5.6.5. Rest of Asia Pacific Procurement Outsourcing Market, By Vertical, 2016-2028 (US$ Bn)

11. Latin America Procurement Outsourcing Market Analysis
11.1. Latin America Procurement Outsourcing Market, by Deployment Mode, 2016-2028(US$ Bn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Procurement Outsourcing Market, by Organization Size, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Latin America Procurement Outsourcing Market, by Component, 2016-2028(US$ Bn)
11.3.1. Overview
11.3.2. SRC Analysis
11.4. Latin America Procurement Outsourcing Market, by Vertical, 2016-2028(US$ Bn)
11.4.1. Overview
11.4.2. SRC Analysis
11.5. Latin America Procurement Outsourcing Market, by Country, 2016-2028 (US$ Bn)
11.5.1. Brazil
11.5.1.1. Brazil Procurement Outsourcing Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.5.1.2. Brazil Procurement Outsourcing Market, By Deployment Mode, 2016-2028 (US$ Bn)
11.5.1.3. Brazil Procurement Outsourcing Market, By Organization Size, 2016-2028 (US$ Bn)
11.5.1.4. Brazil Procurement Outsourcing Market, By Component, 2016-2028 (US$ Bn)
11.5.1.5. Brazil Procurement Outsourcing Market, By Vertical, 2016-2028 (US$ Bn)
11.5.2. Mexico
11.5.2.1. Mexico Procurement Outsourcing Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.5.2.2. Mexico Procurement Outsourcing Market, By Deployment Mode, 2016-2028 (US$ Bn)
11.5.2.3. Mexico Procurement Outsourcing Market, By Organization Size, 2016-2028 (US$ Bn)
11.5.2.4. Mexico Procurement Outsourcing Market, By Component, 2016-2028 (US$ Bn)
11.5.2.5. Mexico Procurement Outsourcing Market, By Vertical, 2016-2028 (US$ Bn)
11.5.3. Rest of Latin America
11.5.3.1. Rest of Latin America Procurement Outsourcing Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.5.3.2. Rest of Latin America Procurement Outsourcing Market, By Deployment Mode, 2016-2028 (US$ Bn)
11.5.3.3. Rest of Latin America Procurement Outsourcing Market, By Organization Size, 2016-2028 (US$ Bn)
11.5.3.4. Rest of Latin America Procurement Outsourcing Market, By Component, 2016-2028 (US$ Bn)
11.5.3.5. Rest of Latin America Procurement Outsourcing Market, By Vertical, 2016-2028 (US$ Bn)

12. Middle East and Africa Procurement Outsourcing Market Analysis
12.1. Middle East and Africa Procurement Outsourcing Market, by Deployment Mode, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Procurement Outsourcing Market, by Organization Size, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Middle East and Africa Procurement Outsourcing Market, by Component, 2016-2028(US$ Bn)
12.3.1. Overview
12.3.2. SRC Analysis
12.4. Middle East and Africa Procurement Outsourcing Market, by Vertical, 2016-2028(US$ Bn)
12.4.1. Overview
12.4.2. SRC Analysis
12.5. Middle East and Africa Procurement Outsourcing Market, by Country, 2016-2028 (US$ Bn)
12.5.1. GCC Countries
12.5.1.1. GCC Countries Procurement Outsourcing Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.5.1.2. GCC Countries Procurement Outsourcing Market, By Deployment Mode, 2016-2028 (US$ Bn)
12.5.1.3. GCC Countries Procurement Outsourcing Market, By Organization Size, 2016-2028 (US$ Bn)
12.5.1.4. GCC Countries Procurement Outsourcing Market, By Component, 2016-2028 (US$ Bn)
12.5.1.5. GCC Countries Procurement Outsourcing Market, By Vertical, 2016-2028 (US$ Bn)
12.5.2. South Africa
12.5.2.1. South Africa Procurement Outsourcing Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.5.2.2. South Africa Procurement Outsourcing Market, By Deployment Mode, 2016-2028 (US$ Bn)
12.5.2.3. South Africa Procurement Outsourcing Market, By Organization Size, 2016-2028 (US$ Bn)
12.5.2.4. South Africa Procurement Outsourcing Market, By Component, 2016-2028 (US$ Bn)
12.5.2.5. South Africa Procurement Outsourcing Market, By Vertical, 2016-2028 (US$ Bn)
12.5.3. Rest of Middle East and Africa
12.5.3.1. Rest of Middle East and Africa Procurement Outsourcing Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.5.3.2. Rest of Middle East and Africa Procurement Outsourcing Market, By Deployment Mode, 2016-2028 (US$ Bn)
12.5.3.3. Rest of Middle East and Africa Procurement Outsourcing Market, By Organization Size, 2016-2028 (US$ Bn)
12.5.3.4. Rest of Middle East and Africa Procurement Outsourcing Market, By Component, 2016-2028 (US$ Bn)
12.5.3.5. Rest of Middle East and Africa Procurement Outsourcing Market, By Vertical, 2016-2028 (US$ Bn)

13. Company Profiles
13.1. Tata Consultancy Services Limited (India)
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2021)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. Wipro Limited (India)
13.3. Oracle (US)
13.4. IBM (US)
13.5. Broadcom (US)
13.6. Infosys Limited (India)
13.7. Corbus LLC (India)
13.8. Accenture (Ireland)
13.9. GEP (US)
13.10. Genpact (US)
13.11. WNS (Holdings) Ltd (India)
13.12. Proxima (UK)
13.13. Capgemini (France)
13.14. HCL Technologies Limited (India)
13.15. AEGIS Company (India)
13.16. DXC Technology Company (UK)
13.17. Aquanima S.A. (Spain)

List of Figures

FIG. 1 Global Procurement Outsourcing Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Procurement Outsourcing Market Segmentation
FIG. 4 Global Procurement Outsourcing Market, by Deployment Mode, 2021 (US$ Bn)
FIG. 5 Global Procurement Outsourcing Market, by Organization Size, 2021 (US$ Bn)
FIG. 6 Global Procurement Outsourcing Market, by Component, 2021 (US$ Bn)
FIG. 7 Global Procurement Outsourcing Market, by Vertical, 2021 (US$ Bn)
FIG. 8 Global Procurement Outsourcing Market, by Geography, 2021 (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Deployment Mode, 2021
FIG. 10 Attractive Investment Proposition, by Organization Size, 2021
FIG. 11 Attractive Investment Proposition, by Component, 2021
FIG. 12 Attractive Investment Proposition, by Vertical, 2021
FIG. 13 Attractive Investment Proposition, by Geography, 2021
FIG. 14 Global Market Share Analysis of Key Procurement Outsourcing Market Manufacturers, 2021
FIG. 15 Global Market Positioning of Key Procurement Outsourcing Market Manufacturers, 2021
FIG. 16 Global Procurement Outsourcing Market Value Contribution, By Deployment Mode, 2021 & 2028 (Value %)
FIG. 17 Global Procurement Outsourcing Market, by Cloud, Value, 2016-2028 (US$ Bn)
FIG. 18 Global Procurement Outsourcing Market, by On-Premises, Value, 2016-2028 (US$ Bn)
FIG. 19 Global Procurement Outsourcing Market Value Contribution, By Organization Size, 2021 & 2028 (Value %)
FIG. 20 Global Procurement Outsourcing Market, by Large, Value, 2016-2028 (US$ Bn)
FIG. 21 Global Procurement Outsourcing Market, by Small & Medium Organization, Value, 2016-2028 (US$ Bn)
FIG. 22 Global Procurement Outsourcing Market Value Contribution, By Component, 2021 & 2028 (Value %)
FIG. 23 Global Procurement Outsourcing Market, by Services, Value, 2016-2028 (US$ Bn)
FIG. 24 Global Procurement Outsourcing Market, by Solutions, Value, 2016-2028 (US$ Bn)
FIG. 25 Global Procurement Outsourcing Market Value Contribution, By Vertical, 2021 & 2028 (Value %)
FIG. 26 Global Procurement Outsourcing Market, by IT & Telecommunication, Value, 2016-2028 (US$ Bn)
FIG. 27 Global Procurement Outsourcing Market, by Manufacturing, Value, 2016-2028 (US$ Bn)
FIG. 28 Global Procurement Outsourcing Market, by Healthcare, Value, 2016-2028 (US$ Bn)
FIG. 29 Global Procurement Outsourcing Market, by BFSI, Value, 2016-2028 (US$ Bn)
FIG. 30 Global Procurement Outsourcing Market, by Retail & Consumer Goods, Value, 2016-2028 (US$ Bn)
FIG. 31 Global Procurement Outsourcing Market, by Others, Value, 2016-2028 (US$ Bn)
FIG. 32 U.S. Procurement Outsourcing Market, 2016-2028 (US$ Bn)
FIG. 33 Canada Procurement Outsourcing Market, 2016-2028 (US$ Bn)
FIG. 34 Germany Procurement Outsourcing Market, 2016-2028 (US$ Bn)
FIG. 35 France Procurement Outsourcing Market, 2016-2028 (US$ Bn)
FIG. 36 U.K. Procurement Outsourcing Market, 2016-2028 (US$ Bn)
FIG. 37 Italy Procurement Outsourcing Market, 2016-2028 (US$ Bn)
FIG. 38 Spain Procurement Outsourcing Market, 2016-2028 (US$ Bn)
FIG. 39 Rest of Europe Procurement Outsourcing Market, 2016-2028 (US$ Bn)
FIG. 40 China Procurement Outsourcing Market, 2016-2028 (US$ Bn)
FIG. 41 Japan Procurement Outsourcing Market, 2016-2028 (US$ Bn)
FIG. 42 India Procurement Outsourcing Market, 2016-2028 (US$ Bn)
FIG. 43 South Korea Procurement Outsourcing Market, 2016-2028 (US$ Bn)
FIG. 44 Southeast Asia Procurement Outsourcing Market, 2016-2028 (US$ Bn)
FIG. 45 Rest of Asia Pacific Procurement Outsourcing Market, 2016-2028 (US$ Bn)
FIG. 46 Latin America Procurement Outsourcing Market, 2016-2028 (US$ Bn)
FIG. 47 Brazil Procurement Outsourcing Market, 2016-2028 (US$ Bn)
FIG. 48 Mexico Procurement Outsourcing Market, 2016-2028 (US$ Bn)
FIG. 49 Rest of Latin America Procurement Outsourcing Market, 2016-2028 (US$ Bn)
FIG. 50 Middle East & Africa Procurement Outsourcing Market, 2016-2028 (US$ Bn)
FIG. 51 GCC Countries Procurement Outsourcing Market, 2016-2028 (US$ Bn)
FIG. 52 South Africa Procurement Outsourcing Market, 2016-2028 (US$ Bn)
FIG. 53 Rest of Middle East and Africa Procurement Outsourcing Market, 2016-2028 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Procurement Outsourcing Market
TABLE 2 Global Procurement Outsourcing Market, by Competitive Benchmarking, 2021
TABLE 3 Global Procurement Outsourcing Market, by Geographical Presence Analysis, 2021
TABLE 4 Global Procurement Outsourcing Market, by Key Strategies Analysis, 2021
TABLE 5 Global Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 6 Global Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 7 Global Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 8 Global Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 9 Global Procurement Outsourcing Market, by Geography, 2016-2028 (US$ Bn)
TABLE 10 North America Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 11 North America Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 12 North America Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 13 North America Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 14 North America Procurement Outsourcing Market, by Country, 2016-2028 (US$ Bn)
TABLE 15 US Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 16 US Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 17 US Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 18 US Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 19 Canada Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 20 Canada Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 21 Canada Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 22 Canada Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 23 Europe Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 24 Europe Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 25 Europe Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 26 Europe Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 27 Europe Procurement Outsourcing Market, by Country, 2016-2028 (US$ Bn)
TABLE 28 Germany Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 29 Germany Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 30 Germany Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 31 Germany Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 32 France Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 33 France Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 34 France Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 35 France Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 36 UK Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 37 UK Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 38 UK Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 39 UK Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 40 Italy Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 41 Italy Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 42 Italy Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 43 Italy Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 44 Spain Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 45 Spain Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 46 Spain Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 47 Spain Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 48 Rest of Europe Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 49 Rest of Europe Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 50 Rest of Europe Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 51 Rest of Europe Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 52 Asia Pacific Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 53 Asia Pacific Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 54 Asia Pacific Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 55 Asia Pacific Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 56 Asia Pacific Procurement Outsourcing Market, by Country, 2016-2028 (US$ Bn)
TABLE 57 China Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 58 China Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 59 China Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 60 China Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 61 Japan Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 62 Japan Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 63 Japan Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 64 Japan Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 65 India Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 66 India Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 67 India Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 68 India Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 69 South Korea Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 70 South Korea Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 71 South Korea Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 72 South Korea Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 73 South East Asia Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 74 South East Asia Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 75 South East Asia Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 76 South East Asia Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 77 Rest of Asia Pacific Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 78 Rest of Asia Pacific Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 79 Rest of Asia Pacific Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 80 Rest of Asia Pacific Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 81 Latin America Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 82 Latin America Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 83 Latin America Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 84 Latin America Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 85 Latin America Procurement Outsourcing Market, by Country, 2016-2028 (US$ Bn)
TABLE 86 Brazil Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 87 Brazil Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 88 Brazil Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 89 Brazil Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 90 Mexico Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 91 Mexico Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 92 Mexico Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 93 Mexico Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 94 Rest of Latin America Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 95 Rest of Latin America Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 96 Rest of Latin America Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 97 Rest of Latin America Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 98 Middle East and Africa Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 99 Middle East and Africa Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 100 Middle East and Africa Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 101 Middle East and Africa Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 102 Middle East and Africa Procurement Outsourcing Market, by Country, 2016-2028 (US$ Bn)
TABLE 103 GCC Countries Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 104 GCC Countries Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 105 GCC Countries Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 106 GCC Countries Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 107 South Africa Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 108 South Africa Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 109 South Africa Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 110 South Africa Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)
TABLE 111 Rest of Middle East and Africa Procurement Outsourcing Market, by Deployment Mode, 2016-2028 (US$ Bn)
TABLE 112 Rest of Middle East and Africa Procurement Outsourcing Market, by Organization Size, 2016-2028 (US$ Bn)
TABLE 113 Rest of Middle East and Africa Procurement Outsourcing Market, by Component, 2016-2028 (US$ Bn)
TABLE 114 Rest of Middle East and Africa Procurement Outsourcing Market, by Vertical, 2016-2028 (US$ Bn)

Frequently Asked Questions

How does COVID-19 Impact the global procurement outsourcing market?

Following the COVID-19 pandemic, high-scale digitalization is becoming more popular for automating crucial business processes like procurement and souring. This is expected to favor procurement outsourcing market growth throughout the forecast period.

Which is the leading region of the market for procurement outsourcing?

North America accounted for the most heightened share in the global procurement outsourcing market.

What are the key drivers for the growth of the procurement outsourcing market?

Growing investment in technology development, rising urbanization, rapid adoption of artificial intelligence, and an increase in the number of procurements outsourcing business process companies drive global market growth.

Which is the major segment in the procurement outsourcing market by deployment mode?

The cloud segment had a major global market share in 2021.

Which is the major segment in the procurement outsourcing market by vertical?

The manufacturing segment had a major share in the global market in 2021.

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