Procurement Outsourcing Services Market Size, Share, Growth Drivers, and Forecast to 2033

"Procurement Outsourcing Services Market" - Research Report, 2025-2033 delivers a comprehensive analysis of the industry's growth trajectory, encompassing historical trends, current market conditions, and essential metrics including production costs, market valuation, and growth rates. Procurement Outsourcing Services Market Size, Share, Growth, and Industry Analysis, By Type (Category Management, Source Management, Procurement Management, Supplier Management), By Application (BFSI, Energy and Utilities, Healthcare, IT and Telecom, Other), Regional Insights and Forecast to 2033 are driving major changes, setting new standards and influencing customer expectations. These advancements are expected to lead to significant market growth. Capitalize on the market's projected expansion at a CAGR of 8.1% from 2024 to 2033. Our comprehensive [101+ Pages] market research report offers Exclusive Insights, Vital Statistics, Trends, and Competitive Analysis to help you succeed in this Information & Technology sector.

Procurement Outsourcing Services Market: Is it Worth Investing In? (2025-2033)

The Procurement Outsourcing Services Market size was valued at USD 3933481.5 million in 2024 and is expected to reach USD 7928822.36 million by 2033, growing at a CAGR of 8.1% from 2025 to 2033.

The Procurement Outsourcing Services market is expected to demonstrate strong growth between 2025 and 2033, driven by 2024's positive performance and strategic advancements from key players.

The leading key players in the Procurement Outsourcing Services market include:

• Accenture
• GEP
• Genpact
• Aquanima
• Optimum Procurement
• Corbus
• Wipro
• Infosys
• HCL Technologies
• WNS
• IBM Corporation

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Report Scope

This report offers a comprehensive analysis of the global Procurement Outsourcing Services market, providing insights into market size, estimations, and forecasts. Leveraging sales volume (K Units) and revenue (USD millions) data, the report covers the historical period from 2020 to 2025 and forecasts for the future, with 2024 as the base year.

For granular market understanding, the report segments the market by product type, application, and player. Additionally, regional market sizes are provided, offering a detailed picture of the global Procurement Outsourcing Services landscape.

Gain valuable insights into the competitive landscape through detailed profiles of key players and their market ranks. The report also explores emerging technological trends and new product developments, keeping you at the forefront of industry advancements.

This research empowers Procurement Outsourcing Services manufacturers, new entrants, and related industry chain companies by providing critical information. Access detailed data on revenues, sales volume, and average price across various segments, including company, type, application, and region.

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Understanding Procurement Outsourcing Services Product Types & Applications: Key Trends and Innovations in 2025

By Product Types:

• Category Management
• Source Management
• Procurement Management
• Supplier Management

By Application:

• BFSI
• Energy and Utilities
• Healthcare
• IT and Telecom
• Other

Emerging Procurement Outsourcing Services Market Leaders: Where's the Growth in 2025?

• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
• South America (Brazil, Argentina, Columbia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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This report offers a comprehensive analysis of the Procurement Outsourcing Services market, considering both the direct and indirect effects from related industries. We examine the pandemic's influence on the global and regional Procurement Outsourcing Services market landscape, including market size, trends, and growth projections. The analysis is further segmented by type, application, and consumer sector for a granular understanding.

Additionally, the report provides a pre and post pandemic assessment of key growth drivers and challenges within the Procurement Outsourcing Services industry. A PESTEL analysis is also included, evaluating political, economic, social, technological, environmental, and legal factors influencing the market.

We understand that your specific needs might require tailored data. Our research analysts can customize the report to focus on a particular region, application, or specific statistics. Furthermore, we continuously update our research, triangulating your data with our findings to provide a comprehensive and customized market analysis.

COVID-19 Changed Us? An Impact and Recovery Analysis

This report delves into the specific repercussions on the Procurement Outsourcing Services Market. We meticulously tracked both the direct and cascading effects of the pandemic, examining how it reshaped market size, trends, and growth across international and regional landscapes. Segmented by type, application, and consumer sector, this analysis provides a comprehensive view of the market's evolution, incorporating a PESTEL analysis to understand key influencers and barriers. Ultimately, this report aims to provide actionable insights into the market's recovery trajectory, reflecting the broader shifts. Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Procurement Outsourcing Services Industry.

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Detailed TOC of Global Procurement Outsourcing Services Market Research Report, 2025-2033

1 Report Overview

1.1 Study Scope
1.2 Global Procurement Outsourcing Services Market Size Growth Rate by Type: 2020 VS 2024 VS 2033
1.3 Global Procurement Outsourcing Services Market Growth by Application: 2020 VS 2024 VS 2033
1.4 Study Objectives
1.5 Years Considered

2 Global Growth Trends

2.1 Global Procurement Outsourcing Services Market Perspective (2020-2033)
2.2 Procurement Outsourcing Services Growth Trends by Region
2.2.1 Global Procurement Outsourcing Services Market Size by Region: 2020 VS 2024 VS 2033
2.2.2 Procurement Outsourcing Services Historic Market Size by Region (2020-2025)
2.2.3 Procurement Outsourcing Services Forecasted Market Size by Region (2025-2033)
2.3 Procurement Outsourcing Services Market Dynamics
2.3.1 Procurement Outsourcing Services Industry Trends
2.3.2 Procurement Outsourcing Services Market Drivers
2.3.3 Procurement Outsourcing Services Market Challenges
2.3.4 Procurement Outsourcing Services Market Restraints

3 Competition Landscape by Key Players

3.1 Global Top Procurement Outsourcing Services Players by Revenue
3.1.1 Global Top Procurement Outsourcing Services Players by Revenue (2020-2025)
3.1.2 Global Procurement Outsourcing Services Revenue Market Share by Players (2020-2025)
3.2 Global Procurement Outsourcing Services Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Procurement Outsourcing Services Revenue
3.4 Global Procurement Outsourcing Services Market Concentration Ratio
3.4.1 Global Procurement Outsourcing Services Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Procurement Outsourcing Services Revenue in 2024
3.5 Procurement Outsourcing Services Key Players Head office and Area Served
3.6 Key Players Procurement Outsourcing Services Product Solution and Service
3.7 Date of Enter into Procurement Outsourcing Services Market
3.8 Mergers & Acquisitions, Expansion Plans

4 Procurement Outsourcing Services Breakdown Data by Type

4.1 Global Procurement Outsourcing Services Historic Market Size by Type (2020-2025)
4.2 Global Procurement Outsourcing Services Forecasted Market Size by Type (2025-2033)

5 Procurement Outsourcing Services Breakdown Data by Application

5.1 Global Procurement Outsourcing Services Historic Market Size by Application (2020-2025)
5.2 Global Procurement Outsourcing Services Forecasted Market Size by Application (2025-2033)

6 North America

6.1 North America Procurement Outsourcing Services Market Size (2020-2033)
6.2 North America Procurement Outsourcing Services Market Growth Rate by Country: 2020 VS 2024 VS 2033
6.3 North America Procurement Outsourcing Services Market Size by Country (2020-2025)
6.4 North America Procurement Outsourcing Services Market Size by Country (2025-2033)
6.5 United States
6.6 Canada

7 Europe

7.1 Europe Procurement Outsourcing Services Market Size (2020-2033)
7.2 Europe Procurement Outsourcing Services Market Growth Rate by Country: 2020 VS 2024 VS 2033
7.3 Europe Procurement Outsourcing Services Market Size by Country (2020-2025)
7.4 Europe Procurement Outsourcing Services Market Size by Country (2025-2033)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries

8 Asia-Pacific

8.1 Asia-Pacific Procurement Outsourcing Services Market Size (2020-2033)
8.2 Asia-Pacific Procurement Outsourcing Services Market Growth Rate by Region: 2020 VS 2024 VS 2033
8.3 Asia-Pacific Procurement Outsourcing Services Market Size by Region (2020-2025)
8.4 Asia-Pacific Procurement Outsourcing Services Market Size by Region (2025-2033)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia

9 Latin America

9.1 Latin America Procurement Outsourcing Services Market Size (2020-2033)
9.2 Latin America Procurement Outsourcing Services Market Growth Rate by Country: 2020 VS 2024 VS 2033
9.3 Latin America Procurement Outsourcing Services Market Size by Country (2020-2025)
9.4 Latin America Procurement Outsourcing Services Market Size by Country (2025-2033)
9.5 Mexico
9.6 Brazil

10 Middle East & Africa

10.1 Middle East & Africa Procurement Outsourcing Services Market Size (2020-2033)
10.2 Middle East & Africa Procurement Outsourcing Services Market Growth Rate by Country: 2020 VS 2024 VS 2033
10.3 Middle East & Africa Procurement Outsourcing Services Market Size by Country (2020-2025)
10.4 Middle East & Africa Procurement Outsourcing Services Market Size by Country (2025-2033)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE

11 Key Players Profiles

12 Analyst's Viewpoints/Conclusions

13 Appendix

13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details

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