Abstract
Summary
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.
The global market for Procurement Outsourcing was estimated to be worth US$ 4477.6 million in 2023 and is forecast to a readjusted size of US$ 9800.9 million by 2030 with a CAGR of 11.7% during the forecast period 2024-2030.
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%.
Report Scope
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, analyse 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 2023 as the base year, with history and forecast data for the period from 2019 to 2030. 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, product type, application, and regions.
Market Segmentation
By Company
IBM
Accenture
GEP
Infosys
Capgemini
Genpact
TCS
Xchanging
WNS
Segment by Type
Direct Procurement
Indirect Procurement
Segment by Application
CPG and Retail
BFSI Sector
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on.
Chapter 2: Revenue of Procurement Outsourcing in global and regional level.
Chapter 3: Detailed analysis of Procurement Outsourcing company competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Procurement Outsourcing revenue, gross margin, and recent development, etc.
Chapter 5: Provides the analysis of various market segments by Type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America (US & Canada) by Type, by Application and by country, revenue for each segment.
Chapter 8: Europe by Type, by Application and by country, revenue for each segment.
Chapter 9: Asia Pacific by Type, by Application and by region, revenue for each segment.
Chapter 10: Latin America by Type, by Application and by country, revenue for each segment.
Chapter 11: Middle East and Africa, by Type, by Application and by country, revenue for each segment.
Chapter 12: Analysis of industrial chain, sales channel, key raw materials, distributors, and customers.
Chapter 13: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 14: Research Findings and Conclusion
The global market for Procurement Outsourcing was estimated to be worth US$ 4477.6 million in 2023 and is forecast to a readjusted size of US$ 9800.9 million by 2030 with a CAGR of 11.7% during the forecast period 2024-2030.
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%.
Report Scope
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, analyse 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 2023 as the base year, with history and forecast data for the period from 2019 to 2030. 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, product type, application, and regions.
Market Segmentation
By Company
IBM
Accenture
GEP
Infosys
Capgemini
Genpact
TCS
Xchanging
WNS
Segment by Type
Direct Procurement
Indirect Procurement
Segment by Application
CPG and Retail
BFSI Sector
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on.
Chapter 2: Revenue of Procurement Outsourcing in global and regional level.
Chapter 3: Detailed analysis of Procurement Outsourcing company competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Procurement Outsourcing revenue, gross margin, and recent development, etc.
Chapter 5: Provides the analysis of various market segments by Type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America (US & Canada) by Type, by Application and by country, revenue for each segment.
Chapter 8: Europe by Type, by Application and by country, revenue for each segment.
Chapter 9: Asia Pacific by Type, by Application and by region, revenue for each segment.
Chapter 10: Latin America by Type, by Application and by country, revenue for each segment.
Chapter 11: Middle East and Africa, by Type, by Application and by country, revenue for each segment.
Chapter 12: Analysis of industrial chain, sales channel, key raw materials, distributors, and customers.
Chapter 13: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 14: Research Findings and Conclusion
Table of Contents
1 Study Coverage
1.1 Procurement Outsourcing Product Introduction
1.2 Market by Type
1.2.1 Global Procurement Outsourcing Market Size Growth Rate by Type (2019 VS 2023 VS 2030)
1.2.2 Direct Procurement
1.2.3 Indirect Procurement
1.3 Market by Application
1.3.1 Global Procurement Outsourcing Market Size Growth Rate by Application (2019 VS 2023 VS 2030)
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 Executive Summary
2.1 Global Procurement Outsourcing Market Size Estimates and Forecasts
2.2 Procurement Outsourcing Market Size by Region: 2023 Versus 2030
2.2.1 Global Procurement Outsourcing Revenue by Region: 2019-2024
2.2.2 Global Procurement Outsourcing Revenue Forecast by Region (2025-2030)
2.2.3 Global Procurement Outsourcing Revenue Market Share by Region (2019-2030)
3 Global Procurement Outsourcing by Company
3.1 Global Procurement Outsourcing Revenue by Company (2019-2024)
3.2 Global Procurement Outsourcing Revenue Share by Company (2019-2024)
3.3 Competitive Landscape
3.3.1 Key Procurement Outsourcing Companies around the World: Ranking by Revenue
3.3.2 Global Procurement Outsourcing Market Concentration Ratio (CR5 and HHI) & (2019-2024)
3.3.3 Global Procurement Outsourcing Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.4 Global Procurement Outsourcing Companies Headquarters & Product Type
3.4.1 Procurement Outsourcing Companies Headquarters
3.4.2 Global Procurement Outsourcing Companies Product & Service
3.4.3 Date of International Companies Enter into Procurement Outsourcing Market
3.5 Global Procurement Outsourcing Mergers & Acquisitions, Expansion Plans
4 Company Profiles
4.1 IBM
4.1.1 IBM Company Information
4.1.2 IBM Description, Business Overview
4.1.3 IBM Procurement Outsourcing Products Offered
4.1.4 IBM Procurement Outsourcing Revenue and Gross Margin (2019-2024)
4.1.5 IBM Procurement Outsourcing Revenue by Product in 2023
4.1.6 IBM Procurement Outsourcing Revenue by Application in 2023
4.1.7 IBM Procurement Outsourcing Revenue by Geographic Area in 2023
4.1.8 IBM Recent Developments
4.2 Accenture
4.2.1 Accenture Company Information
4.2.2 Accenture Description, Business Overview
4.2.3 Accenture Procurement Outsourcing Products Offered
4.2.4 Accenture Procurement Outsourcing Revenue and Gross Margin (2019-2024)
4.2.5 Accenture Procurement Outsourcing Revenue by Product in 2023
4.2.6 Accenture Procurement Outsourcing Revenue by Application in 2023
4.2.7 Accenture Procurement Outsourcing Revenue by Geographic Area in 2023
4.2.8 Accenture Recent Developments
4.3 GEP
4.3.1 GEP Company Information
4.3.2 GEP Description, Business Overview
4.3.3 GEP Procurement Outsourcing Products Offered
4.3.4 GEP Procurement Outsourcing Revenue and Gross Margin (2019-2024)
4.3.5 GEP Procurement Outsourcing Revenue by Product in 2023
4.3.6 GEP Procurement Outsourcing Revenue by Application in 2023
4.3.7 GEP Procurement Outsourcing Revenue by Geographic Area in 2023
4.3.8 GEP Recent Developments
4.4 Infosys
4.4.1 Infosys Company Information
4.4.2 Infosys Description, Business Overview
4.4.3 Infosys Procurement Outsourcing Products Offered
4.4.4 Infosys Procurement Outsourcing Revenue and Gross Margin (2019-2024)
4.4.5 Infosys Procurement Outsourcing Revenue by Product in 2023
4.4.6 Infosys Procurement Outsourcing Revenue by Application in 2023
4.4.7 Infosys Procurement Outsourcing Revenue by Geographic Area in 2023
4.4.8 Infosys Recent Developments
4.5 Capgemini
4.5.1 Capgemini Company Information
4.5.2 Capgemini Description, Business Overview
4.5.3 Capgemini Procurement Outsourcing Products Offered
4.5.4 Capgemini Procurement Outsourcing Revenue and Gross Margin (2019-2024)
4.5.5 Capgemini Procurement Outsourcing Revenue by Product in 2023
4.5.6 Capgemini Procurement Outsourcing Revenue by Application in 2023
4.5.7 Capgemini Procurement Outsourcing Revenue by Geographic Area in 2023
4.5.8 Capgemini Recent Developments
4.6 Genpact
4.6.1 Genpact Company Information
4.6.2 Genpact Description, Business Overview
4.6.3 Genpact Procurement Outsourcing Products Offered
4.6.4 Genpact Procurement Outsourcing Revenue and Gross Margin (2019-2024)
4.6.5 Genpact Procurement Outsourcing Revenue by Product in 2023
4.6.6 Genpact Procurement Outsourcing Revenue by Application in 2023
4.6.7 Genpact Procurement Outsourcing Revenue by Geographic Area in 2023
4.6.8 Genpact Recent Development
4.7 TCS
4.7.1 TCS Company Information
4.7.2 TCS Description, Business Overview
4.7.3 TCS Procurement Outsourcing Products Offered
4.7.4 TCS Procurement Outsourcing Revenue and Gross Margin (2019-2024)
4.7.5 TCS Procurement Outsourcing Revenue by Product in 2023
4.7.6 TCS Procurement Outsourcing Revenue by Application in 2023
4.7.7 TCS Procurement Outsourcing Revenue by Geographic Area in 2023
4.7.8 TCS Recent Development
4.8 Xchanging
4.8.1 Xchanging Company Information
4.8.2 Xchanging Description, Business Overview
4.8.3 Xchanging Procurement Outsourcing Products Offered
4.8.4 Xchanging Procurement Outsourcing Revenue and Gross Margin (2019-2024)
4.8.5 Xchanging Procurement Outsourcing Revenue by Product in 2023
4.8.6 Xchanging Procurement Outsourcing Revenue by Application in 2023
4.8.7 Xchanging Procurement Outsourcing Revenue by Geographic Area in 2023
4.8.8 Xchanging Recent Development
4.9 WNS
4.9.1 WNS Company Information
4.9.2 WNS Description, Business Overview
4.9.3 WNS Procurement Outsourcing Products Offered
4.9.4 WNS Procurement Outsourcing Revenue and Gross Margin (2019-2024)
4.9.5 WNS Procurement Outsourcing Revenue by Product in 2023
4.9.6 WNS Procurement Outsourcing Revenue by Application in 2023
4.9.7 WNS Procurement Outsourcing Revenue by Geographic Area in 2023
4.9.8 WNS Recent Development
5 Breakdown Data by Type
5.1 Global Procurement Outsourcing Revenue by Type (2019-2024)
5.2 Global Procurement Outsourcing Revenue Forecast by Type (2025-2030)
5.3 Procurement Outsourcing Revenue Market Share by Type (2019-2030)
6 Breakdown Data by Application
6.1 Global Procurement Outsourcing Revenue by Application (2019-2024)
6.2 Global Procurement Outsourcing Revenue Forecast by Application (2025-2030)
6.3 Procurement Outsourcing Revenue Market Share by Application (2019-2030)
7 North America
7.1 North America Procurement Outsourcing Market Size YoY Growth 2019-2030
7.2 North America Procurement Outsourcing Market Facts & Figures by Country (2019-2030)
7.3 North America Procurement Outsourcing Revenue by Type (2019-2024)
7.4 North America Procurement Outsourcing Revenue by Application (2019-2024)
8 Asia-Pacific
8.1 Asia-Pacific Procurement Outsourcing Market Size YoY Growth 2019-2030
8.2 Asia-Pacific Procurement Outsourcing Market Facts & Figures by Region (2019-2030)
8.3 Asia-Pacific Procurement Outsourcing Revenue by Type (2019-2024)
8.4 Asia-Pacific Procurement Outsourcing Revenue by Application (2019-2024)
9 Europe
9.1 Europe Procurement Outsourcing Market Size YoY Growth 2019-2030
9.2 Europe Procurement Outsourcing Market Facts & Figures by Country (2019-2030)
9.3 Europe Procurement Outsourcing Revenue by Type (2019-2024)
9.4 Europe Procurement Outsourcing Revenue by Application (2019-2024)
10 Latin America
10.1 Latin America Procurement Outsourcing Market Size YoY Growth 2019-2030
10.2 Latin America Procurement Outsourcing Market Facts & Figures by Country (2019-2030)
10.3 Latin America Procurement Outsourcing Revenue by Type (2019-2024)
10.4 Latin America Procurement Outsourcing Revenue by Application (2019-2024)
11 Middle East and Africa
11.1 Middle East and Africa Procurement Outsourcing Market Size YoY Growth 2019-2030
11.2 Middle East and Africa Procurement Outsourcing Market Facts & Figures by Country (2019-2030)
11.3 Middle East and Africa Procurement Outsourcing Revenue by Type (2019-2024)
11.4 Middle East and Africa Procurement Outsourcing Revenue by Application (2019-2024)
12 Supply Chain and Sales Channel Analysis
12.1 Procurement Outsourcing Supply Chain Analysis
12.2 Procurement Outsourcing Key Raw Materials and Upstream Suppliers
12.3 Procurement Outsourcing Clients Analysis
12.4 Procurement Outsourcing Sales Channel and Sales Model Analysis
12.4.1 Procurement Outsourcing Distribution Channel Analysis: Indirect Sales VS Direct Sales
12.4.2 Procurement Outsourcing Distribution Channel Analysis: Online Sales VS Offline Sales
12.4.3 Procurement Outsourcing Distributors
13 Market Dynamics
13.1 Procurement Outsourcing Industry Trends
13.2 Procurement Outsourcing Market Drivers
13.3 Procurement Outsourcing Market Challenges
13.4 Procurement Outsourcing Market Restraints
14 Research Findings and Conclusion
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Author Details
15.3 Disclaimer