The Procurement Outsourcing Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Procurement Outsourcing Market?
The Procurement Outsourcing Global Market has seen swift growth in the past years. The market size was at $4.78 billion in 2024 and is forecasted to rise to $5.52 billion in 2025. This indicates a compound annual growth rate (CAGR) of 15.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Procurement Outsourcing Industry?
In 2029, the Global Procurement Outsourcing Market is expected to reach $9.02 billion, growing at a compound annual growth rate (CAGR) of 13.1%.
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What are the Key Growth Drivers Fueling the Procurement Outsourcing Market?
The key drivers in the procurement outsourcing market are:
• Increasing demand for strategic sourcing
• Focus on sustainability and corporate social responsibility
• Need for resilience planning
• Growing requirement for specialized skills, data security, and compliance
Global Market Segmentation: Identifying Major Procurement Outsourcing Industry Segments
The procurement outsourcing market covered in this report is segmented –
1) By Component: Solution, Services
2) By Deployment: On-Premises, Cloud
3) By Enterprise Size: Large Enterprises, Small And Medium Enterprise
4) 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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What are the Emerging Trends Shaping the Future of the Procurement Outsourcing Market?
The key trends in the procurement outsourcing market are:
• There is a trend towards digital transformation in the procurement outsourcing market.
• Technological advancements are playing a crucial role in shaping the future of the market.
• A move towards agile and flexible procurement models is an emerging trend.
• Increased focus on data analytics and business intelligence is gaining popularity.
Who Are the Top Competitors & Leading Players in the Procurement Outsourcing Market?
Major companies in the procurement outsourcing market are:
• Microsoft Corporation
• Siemens AG
• General Electric Company
• Accenture PLC
• International Business Machines Corporation
• Ernst & Young LLP
• SAP SE
• Tata Consultancy Services Limited
• Capgemini SE
• Cognizant Technology Solutions Corporation
• Infosys Limited
• DXC Technology Company
• Wipro Limited
• HCL Technologies Limited
• Rockwell Automation Inc.
• CGI Inc.
• Concentrix Services India Private Limited (CSIPL)
• GEP Worldwide
• WNS Denali
• JAGGAER
• Corbus LLC
• Aquanima SA
• Xchanging Solutions Limited
• Intetics Inc.
• Aegis One Consults Ltd.
Regional Dominance: Which Area Leads the Global Procurement Outsourcing Market?
North America was the largest region in the procurement outsourcing market in 2024
