Procurement Outsourcing Market is estimated to be valued at USD 6.42 Bn in 2025 and is expected to reach USD 13.93 Bn in 2032, exhibiting a compound annual growth rate (CAGR) of 11.7% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 6.42 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
11.70%
2032 Value Projection:
USD 13.93 Bn
Procurement outsourcing is the process of assigning procurement-related tasks to a third-party service provider. This can involve shifting all procurement-related responsibilities or just a few of these. The main goal of outsourcing procurement is to reduce costs and free up resources within a company for other purposes. Purchasing experts have access to a larger supplier database than a business does. These people can also use their market power to negotiate better deals on customer's behalf. This allows businesses to get the best price on all the materials and services customers need. Another benefit of outsourcing procurement is that it lets consumer focus on their core competencies. There are two types of procurement: direct and indirect. Direct procurement includes the purchase of raw materials and tools for a company's core activities. Outsourcing procurement activities allows companies to focus on their core competencies while leveraging the expertise of specialized third-party providers
Market Dynamics
Rising inclination of industrial sector toward procurement outsourcing services is expected to drive growth of the global procurement outsourcing market during the forecast period. This is mainly to reduce the cost of purchasing raw materials and other inputs. This will also lead to the increased efficiency of the supply chain network, thereby, enabling companies to provide products and services at competitive prices. Rising need for managing and storing raw materials is creating growth opportunities in the market. On the upside, rising adoption of managed procurement services (MPS) and spend analytics presents significant growth opportunities for market players.
However, lack of skilled professionals and security concerns are likely to hinder growth of the global procurement outsourcing market over the forecast period.
Key features of the study
This report provides in-depth analysis of the global procurement outsourcing market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global procurement outsourcing market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Accenture Plc., IBM Corporation, GEP Worldwide, Infosys Limited, Capgemini SE, Genpact Ltd., WNS (Holdings) Limited, HCL Technologies Ltd., Wipro Limited, Tata Consultancy Services Limited, Xchanging Solutions Limited, Corbus, LLC, Proxima Group, Aquanima, and CA Technologies (Broadcom Inc.)
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global procurement outsourcing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global procurement outsourcing market
Market Segmentation
By Service Type
Business Process Outsourcing Services
Consulting Services
By End User
Manufacturing
Retail and Consumer Goods
Healthcare
IT and Telecom
BFSI (Banking, Financial Services, and Insurance)
Energy and Utilities
Transportation and Logistics
Others
By Organization Size
Small and Medium-sized Enterprises (SMEs)
Large Enterprises
By Region
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Company Profile
Accenture Plc.
IBM Corporation
GEP Worldwide
Infosys Limited
Capgemini SE
Genpact Ltd.
WNS (Holdings) Limited
HCL Technologies Ltd.
WiprLimited
Tata Consultancy Services Limited
Xchanging Solutions Limited
Corbus, LLC
Proxima Group
Aquanima
CA Technologies (Broadcom Inc.)
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Service Type
Market Snippet, By Organization Size
Market Snippet, By End User
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Rising inclination of industrial sector toward procurement outsourcing services
Growing focus on cost reduction
Restraints
Lack of skilled professionals
Security concerns
Opportunities
Rising need for managing and storing raw materials
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario
4. Global Procurement Outsourcing Market, By Service Type, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Business Process Outsourcing Services
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Consulting Services
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
5. Global Procurement Outsourcing Market, By End User, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021- 2032
Segment Trends
Manufacturing
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Retail and Consumer Goods
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Healthcare
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
IT and Telecom
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
BFSI (Banking, Financial Services, and Insurance)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Energy and Utilities
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Transportation and Logistics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
6. Global Procurement Outsourcing Market, By Organization Size, 2020-2032,(US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021- 2032
Segment Trends
Small and Medium-sized Enterprises (SMEs)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
Large Enterprises
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Bn)
7. Global Procurement Outsourcing Market, By Region, 2020-2032,(US$ Bn)
Introduction
Market Share Analysis, By Region, 2025 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021-2032
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020-2032, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Organization Size, 2020-2032, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032, (US$ Bn)
Market Share Analysis, By Country, 2020 and 2032(%)
U.S.
Canada
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020-2032, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Organization Size, 2020-2032, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032, (US$ Bn)
Market Share Analysis, By Country, 2020 and 2032(%)
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020-2032, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Organization Size, 2020-2032, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032, (US$ Bn)
Market Share Analysis, By Country, 2020 and 2032(%)
China
India
Japan
Australia
South Korea
ASEAN
Rest Of Asia Pacific
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020-2032, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Organization Size, 2020-2032, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032, (US$ Bn)
Market Share Analysis, By Country, 2020 and 2032(%)
Brazil
Mexico
Rest Of Asia Pacific
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Service Type, 2020-2032, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Organization Size, 2020-2032, (US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032, (US$ Bn)
Market Share Analysis, By Country, 2020 and 2032 (%)