Industry: Service & Software
Published Date: 2025-01-16
Pages: 79 Pages
Report ld: 3472066
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Procurement Outsourcing Market Size(US$)

CAGR 2025-2031
11.7%
Market Size,2031
USD 11,970
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Procurement Outsourcing was valued at US$ 5577 million in the year 2024 and is projected to reach a revised size of US$ 11970 million by 2031, growing at a CAGR of 11.7% during the forecast period.
Procure to pay (purchase to pay or P2P) is the process of obtaining and managing the raw materials needed for manufacturing a product or providing a service. It involves the transactional flow of data that is sent to a supplier as well as the data that surrounds the fulfillment of the actual order and payment for the product or service, the transfer of specified key procurement activities relating to sourcing and supplier management to a third party — perhaps to reduce overall costs or maybe to tighten the company"s focus on its core competencies. Procurement categorisation and vendor management of indirect materials and services (commonly referred to as Indirect procurement) are typically the most popular outsourced activity.
Global Procurement Outsourcing main players are IBM, Accenture, GEP, Infosys, etc. Global top four manufacturers hold a share over 60%. North America is the largest market, with a share nearly 45%.
This report aims to provide a comprehensive presentation of the global market for Procurement Outsourcing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Procurement Outsourcing.
The Procurement Outsourcing market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Procurement Outsourcing market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Procurement Outsourcing companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Procurement Outsourcing company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Procurement Outsourcing Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 Direct Procurement
1.2.3 Indirect Procurement
1.3 Market by Application
1.3.1 Global Procurement Outsourcing Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 CPG and Retail
1.3.3 BFSI Sector
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Procurement Outsourcing Market Perspective (2020-2031)
2.2 Global Procurement Outsourcing Growth Trends by Region
2.2.1 Global Procurement Outsourcing Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 Procurement Outsourcing Historic Market Size by Region (2020-2025)
2.2.3 Procurement Outsourcing Forecasted Market Size by Region (2026-2031)
2.3 Procurement Outsourcing Market Dynamics
2.3.1 Procurement Outsourcing Industry Trends
2.3.2 Procurement Outsourcing Market Drivers
2.3.3 Procurement Outsourcing Market Challenges
2.3.4 Procurement Outsourcing Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Procurement Outsourcing Players by Revenue
3.1.1 Global Top Procurement Outsourcing Players by Revenue (2020-2025)
3.1.2 Global Procurement Outsourcing Revenue Market Share by Players (2020-2025)
3.2 Global Procurement Outsourcing Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Procurement Outsourcing Revenue
3.4 Global Procurement Outsourcing Market Concentration Ratio
3.4.1 Global Procurement Outsourcing Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Procurement Outsourcing Revenue in 2024
3.5 Global Key Players of Procurement Outsourcing Head office and Area Served
3.6 Global Key Players of Procurement Outsourcing, Product and Application
3.7 Global Key Players of Procurement Outsourcing, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Procurement Outsourcing Breakdown Data by Type
4.1 Global Procurement Outsourcing Historic Market Size by Type (2020-2025)
4.2 Global Procurement Outsourcing Forecasted Market Size by Type (2026-2031)
5 Procurement Outsourcing Breakdown Data by Application
5.1 Global Procurement Outsourcing Historic Market Size by Application (2020-2025)
5.2 Global Procurement Outsourcing Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America Procurement Outsourcing Market Size (2020-2031)
6.2 North America Procurement Outsourcing Market Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America Procurement Outsourcing Market Size by Country (2020-2025)
6.4 North America Procurement Outsourcing Market Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Procurement Outsourcing Market Size (2020-2031)
7.2 Europe Procurement Outsourcing Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe Procurement Outsourcing Market Size by Country (2020-2025)
7.4 Europe Procurement Outsourcing Market Size by Country (2026-2031)
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 Market Size (2020-2031)
8.2 Asia-Pacific Procurement Outsourcing Market Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific Procurement Outsourcing Market Size by Region (2020-2025)
8.4 Asia-Pacific Procurement Outsourcing Market Size by Region (2026-2031)
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 Market Size (2020-2031)
9.2 Latin America Procurement Outsourcing Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America Procurement Outsourcing Market Size by Country (2020-2025)
9.4 Latin America Procurement Outsourcing Market Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Procurement Outsourcing Market Size (2020-2031)
10.2 Middle East & Africa Procurement Outsourcing Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa Procurement Outsourcing Market Size by Country (2020-2025)
10.4 Middle East & Africa Procurement Outsourcing Market Size by Country (2026-2031)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 IBM
11.1.1 IBM Company Details
11.1.2 IBM Business Overview
11.1.3 IBM Procurement Outsourcing Introduction
11.1.4 IBM Revenue in Procurement Outsourcing Business (2020-2025)
11.1.5 IBM Recent Development
11.2 Accenture
11.2.1 Accenture Company Details
11.2.2 Accenture Business Overview
11.2.3 Accenture Procurement Outsourcing Introduction
11.2.4 Accenture Revenue in Procurement Outsourcing Business (2020-2025)
11.2.5 Accenture Recent Development
11.3 GEP
11.3.1 GEP Company Details
11.3.2 GEP Business Overview
11.3.3 GEP Procurement Outsourcing Introduction
11.3.4 GEP Revenue in Procurement Outsourcing Business (2020-2025)
11.3.5 GEP Recent Development
11.4 Infosys
11.4.1 Infosys Company Details
11.4.2 Infosys Business Overview
11.4.3 Infosys Procurement Outsourcing Introduction
11.4.4 Infosys Revenue in Procurement Outsourcing Business (2020-2025)
11.4.5 Infosys Recent Development
11.5 Capgemini
11.5.1 Capgemini Company Details
11.5.2 Capgemini Business Overview
11.5.3 Capgemini Procurement Outsourcing Introduction
11.5.4 Capgemini Revenue in Procurement Outsourcing Business (2020-2025)
11.5.5 Capgemini Recent Development
11.6 Genpact
11.6.1 Genpact Company Details
11.6.2 Genpact Business Overview
11.6.3 Genpact Procurement Outsourcing Introduction
11.6.4 Genpact Revenue in Procurement Outsourcing Business (2020-2025)
11.6.5 Genpact Recent Development
11.7 TCS
11.7.1 TCS Company Details
11.7.2 TCS Business Overview
11.7.3 TCS Procurement Outsourcing Introduction
11.7.4 TCS Revenue in Procurement Outsourcing Business (2020-2025)
11.7.5 TCS Recent Development
11.8 Xchanging
11.8.1 Xchanging Company Details
11.8.2 Xchanging Business Overview
11.8.3 Xchanging Procurement Outsourcing Introduction
11.8.4 Xchanging Revenue in Procurement Outsourcing Business (2020-2025)
11.8.5 Xchanging Recent Development
11.9 WNS
11.9.1 WNS Company Details
11.9.2 WNS Business Overview
11.9.3 WNS Procurement Outsourcing Introduction
11.9.4 WNS Revenue in Procurement Outsourcing Business (2020-2025)
11.9.5 WNS Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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