Procurement Outsourcing Services Market Forecast to 2029: Key Players, Size, Share, Growth, Trends and Opportunities

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Global procurement outsourcing services market was valued at USD 2.70 billion in 2021 and is expected to reach USD 7.86 billion by 2029, registering a CAGR of 14.29% during the forecast period of 2022-2029.

Procurement Outsourcing Services Market is expected to grow at a CAGR of 14.29 % during the forecast period of 2029.

In the superior Procurement Outsourcing Services Market report, industry trends have been given in detail on the macro level which makes it possible outline market landscape and probable future issues. This market research report performs systematic analysis of market and numerous related factors that range from market drivers, market restraints, market segmentation, opportunities, challenges, and market revenues to competitive analysis. The report analyses and estimates general market drivers in the form of consumer demand, government policy and demand which are related to consumer buying pattern and thereby market growth and development. Procurement Outsourcing Services Market report is also useful when launching a new product or expanding the business regionally or globally.

Global Procurement Outsourcing Services Market, By Service Type (Business Process Outsourcing Services, Consulting Services), Deployment Model (On-Premises and Cloud), Enterprise Size (Large Enterprises and Small Medium Enterprises), Application (Marketing Related Services, IT Related Services, HR Related Services, Facilities Management Office Services and Others), End User (Banking, Financial Services, and Insurance (BFSI), Energy and Utilities

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Procurement Outsourcing Services Market Analysis and Size

A method of obtaining and managing the raw materials required for the production of a good or the provision of a certain service is known as procurement outsourcing. It facilitates the transmission of crucial information to the outside vendor. The data also contains the actual order and payment for the goods and services. The outsourcing of certain crucial procurement functions, such as vendor management, to a third party lowers total costs and enables businesses to concentrate on their core capabilities.

This procurement outsourcing services market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. 

Procurement Outsourcing Services Market Scope

The procurement outsourcing services market is segmented on the basis of service type, deployment model, enterprise size, application and end user. 

Service Type

  • Business Process Outsourcing Services
  • Category Management
  • Source Management
  • Procurement Management
  • Supplier Management

Deployment Model

  • On-Premises
  • Cloud

Enterprise Size

  • Large Enterprises
  • Small Medium Enterprises

Application

  • Marketing Related Services
  • IT Related Services
  • HR Related Services

End User

  • Banking, Financial Services, and Insurance (BFSI)
  • Energy and Utilities
  • Oil Gas
  • Power Generation
  • Water
  • Healthcare

 

Competitive Landscape and Procurement Outsourcing Services Market Share Analysis

Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. 

As it’s a fact that competitive analysis is the major aspect of any market research report, the winning Procurement Outsourcing Services Market report covers many points including strategic profiling of key players in the market, analyse core competencies of key players, and draw a competitive landscape for the market. Along with explaining competitive landscape of the key players, this report also provides complete and distinct analysis of the market drivers and restraints, detailed analysis of the market segmentation, key developments in the market and details of research methodology. Brilliant practice models and method of research applied while generating the leading Procurement Outsourcing Services Market research report reveals the best opportunities to thrive in the market.

Procurement Outsourcing Services Market Country Level Analysis

The countries covered in the procurement outsourcing services market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa Egypt

Some of the major players operating in the Procurement Outsourcing Services Market are:

  • IBM (U.S.)
  • Broadcom (U.S.)
  • (U.S.)
  • Accenture (Ireland)
  • Infosys Limited (India)
  • GEP (U.S.)
  • Genpact (U.S.)
  • Proxima (U.K.)
  • WNS (Holdings) Ltd. (India)
  • Capgemini (France)
  • Wipro Limited (India)
  • HCL Technologies Limited (India)

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MAJOR TOC OF THE REPORT

Chapter One: Introduction

Chapter Two: Market Segmentation

Chapter Three: Market Overview

Chapter Four: Executive Summary

Chapter Five: Premium Insights

Chapter Six:  Procurement Outsourcing Services Market

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