Procurement Outsourcing Services Market By Product (Business Process Outsourcing, Consulting), By End-User (Manufacturing, Retail, IT & Telecom) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027
Increasing adoption of IT to Boost the Procurement outsourcing services Market
The procurement outsourcing services market worldwide is expected to grow with a CAGR of 15% during the forecast period from 2019 to 2027. Procurement outsourcing services refers to a process in which a company appoints an external service provider to manage the primary and secondary or other transactions of the company. Therefore, it helps the company to reduce its operational costs, increase savings and thereby improve business. The growth of procurement outsourcing services market is driven by the demand for the same in manufacturing, BFSI, retail, healthcare, IT & telecom and various other segments. Due to all these factors, we are expecting rapid growth in procurement outsourcing services market during the forecast period.
Manufacturing to Continue Dominating the Market
The manufacturing sector is a prominent user of procurement outsourcing services all around the globe. Owing to increased adoption of IT solutions, changes in modern consumer trends and emphasis on business process automation shall increase the demand for procurement outsourcing services market. Backed by low capital expenditure and reduced operational costs, manufacturing segment shall be the fastest growing segment in the procurement outsourcing services. On the other hand, BFSI sector shall be the second segment after manufacturing to grow significantly. Thus, electronic circuits segment would continue leading the market throughout the forecast period.
Asia Pacific to Register the Fastest Growth
Procurement outsourcing services market is led by North America. The US and Canada led the procurement services market in the region. Asia Pacific is set to expand at the highest rate in the market in years to come. The region has been witnessing industrial sector growth along with new technological advancements, which further supports the demand for procurement outsourcing services. Growth in the economies of China, India and other south Asian countries shall be further drive the Procurement outsourcing services market. Considering these factors, Asia Pacific is projected to grow with the highest CAGR throughout the forecast period.
Some of the prominent players operating in the procurement outsourcing services market include Accenture PLC, Genpact Ltd., GEP, HCL Technologies, IBM Corporation, Infosys Ltd., WNS Aquanima, Optimum Procurement, Corbus LLC among others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Key questions answered in this report
- What was the market size of procurement outsourcing services in 2018 and forecast up to 2027?
- Which is the largest regional market for procurement outsourcing services?
- What are the major trends followed in overall procurement outsourcing services across different regions?
- Who are the key procurement outsourcing services companies leading the market?
- What are the key strategies adopted by the leading procurement outsourcing services companies in market?
Unique data points of this report
- Statistics on procurement outsourcing services worldwide
- Recent trends across different regions in terms of adoption of procurement outsourcing services across various applications
- Notable developments going on in procurement outsourcing services market
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Chapter 1 Preface
1.1 Report Scope and Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation
Chapter 2 Executive Summary
2.1 Market Snapshot: Global POS Market
2.1.1 Global POS Market, by Product, 2018 (US$ Bn)
2.1.2 Global POS Market, by End-User, 2018 (US$ Bn)
2.1.3 Global POS Market, by Geography, 2018 (US$ Bn)
Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Restraint
3.3 Attractive Investment Proposition, by Geography, 2018
3.4 Market Positioning of Key POS Vendors, 2018
Chapter 4 Global Procurement Outsourcing Services (POS) Market, by Product
4.1 Overview
4.1.1 Global POS Market Value Share, by Product, 2018 & 2027 (Value, %)
4.2 Business Process Outsourcing
4.2.1 Global Business Process Outsourcing Market Value, 2017 – 2027 (US$ Bn)
4.3 Consulting
4.3.1 Global Consulting Market Value, 2017 – 2027 (US$ Bn)
Chapter 5 Global Procurement Outsourcing Services (POS) Market, by End-User
5.1 Overview
5.1.1 Global POS Market Value Share, by End-User, 2018 & 2027 (Value, %)
5.2 Manufacturing
5.2.1 Global POS Market Value from Manufacturing, 2017 – 2027 (US$ Bn)
5.3 BFSI
5.3.1 Global POS Market Value from BFSI, 2017 – 2027 (US$ Bn)
5.4 Retail
5.4.1 Global POS Market Value from Retail, 2017 – 2027 (US$ Bn)
5.5 IT & Telecom
5.5.1 Global POS Market Value from IT & Telecom, 2017 – 2027 (US$ Bn)
Chapter 6 North America Procurement Outsourcing Services (POS) Market Analysis, 2017 – 2027 (US$ Bn)
6.1 Overview
6.2 North America POS Market Analysis, by Product, 2017 – 2027 (US$ Bn)
6.2.1 Market Analysis
6.3 North America POS Market Analysis, by End-User, 2017 – 2027 (US$ Bn)
6.3.1 Market Analysis
6.4 North America POS Market, by Country, 2017 – 2027 (US$ Bn)
6.4.1 Market Analysis
6.4.2 U.S.
6.4.3 Rest of North America
Chapter 7 Europe Procurement Outsourcing Services (POS) Market Analysis, 2017 – 2027 (US$ Bn)
7.1 Overview
7.2 Europe POS Market Analysis, by Product, 2017 – 2027 (US$ Bn)
7.2.1 Market Analysis
7.3 Europe POS Market Analysis, by End-User, 2017 – 2027 (US$ Bn)
7.3.1 Market Analysis
7.4 Europe POS Market, by Country, 2017 – 2027 (US$ Bn)
7.4.1 Market Analysis
7.4.2 U.K.
7.4.3 Germany
7.4.4 France
7.4.5 Rest of Europe
Chapter 8 Asia Pacific Procurement Outsourcing Services (POS) Market Analysis, 2017 – 2027 (US$ Bn)
8.1 Overview
8.2 Asia Pacific POS Market Analysis, by Product, 2017 – 2027 (US$ Bn)
8.2.1 Market Analysis
8.3 Asia Pacific POS Market Analysis, by End-User, 2017 – 2027 (US$ Bn)
8.3.1 Market Analysis
8.4 Asia Pacific POS Market, by Country, 2017 – 2027 (US$ Bn)
8.4.1 Market Analysis
8.4.2 China
8.4.3 Japan
8.4.4 India
8.4.5 Rest of Asia Pacific
Chapter 9 Rest of the World (RoW) Procurement Outsourcing Services (POS) Market Analysis, 2017 – 2027 (US$ Bn)
9.1 Overview
9.2 RoW POS Market Analysis, by Product, 2017 – 2027 (US$ Bn)
9.2.1 Market Analysis
9.3 RoW POS Market Analysis, by End-User, 2017 – 2027 (US$ Bn)
9.3.1 Market Analysis
9.4 RoW POS Market, by Region (US$ Bn)
9.4.1 Market Analysis
9.4.2 Middle East & Africa (MEA)
9.4.3 Latin America
Chapter 10 Company Profiles
10.1 Accenture LLC
10.2 Genpact Ltd.
10.3 GEP
10.4 HCL Technologies
10.5 IBM Corporation
10.6 Infosys Ltd.
10.7 WNS Aquanima
10.8 Optimum Procurement
10.9 Corbus LLC
* Here we are using POS as a short form of Procurement Outsourcing Services
TABLE 1 Market Snapshot: Global Procurement Outsourcing Services (POS) Market Value
TABLE 2 North America POS Market Value, by Product, 2017 – 2027 (US$ Bn)
TABLE 3 North America POS Market Value, by End-User, 2017 – 2027 (US$ Bn)
TABLE 4 North America POS Market Value, by Country, 2017 – 2027 (US$ Bn)
TABLE 5 Europe POS Market Value, by Product, 2017 – 2027 (US$ Bn)
TABLE 6 Europe POS Market Value, by End-User, 2017 – 2027 (US$ Bn)
TABLE 7 Europe POS Market Value, by Country, 2017 – 2027 (US$ Bn)
TABLE 8 Asia Pacific POS Market Value, by Product, 2017 – 2027 (US$ Bn)
TABLE 9 Asia Pacific POS Market Value, by End-User, 2017 – 2027 (US$ Bn)
TABLE 10 Asia Pacific POS Market Value, by Country, 2017 – 2027 (US$ Bn)
TABLE 11 RoW POS Market Value, by Product, 2017 – 2027 (US$ Bn)
TABLE 12 RoW POS Market Value, by End-User, 2017 – 2027 (US$ Bn)
TABLE 13 RoW POS Market Value, by Region, 2017 – 2027 (US$ Bn)
TABLE 14 Accenture LLC: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 15 Genpact Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 16 GEP: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 17 HCL Technologies: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 18 IBM Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 19 Infosys Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 20 WNS Aquanima: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 21 Optimum Procurement: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 22 Corbus LLC: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
FIG. 1 Global Procurement Outsourcing Services (POS) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global POS Market Segmentation
FIG. 4 Global POS Market, by Product, 2018 (US$ Bn)
FIG. 5 Global POS Market, by End-User, 2018 (US$ Bn)
FIG. 6 Global POS Market, by Geography, 2018 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2018
FIG. 8 Market Positioning of Key POS Vendors, 2018
FIG. 9 Global POS Market Value Share, by Product, 2018 & 2027 (Value, %)
FIG. 10 Global Business Process Outsourcing Market Value, 2017 – 2027 (US$ Bn)
FIG. 11 Global Consulting Market Value, 2017 – 2027 (US$ Bn)
FIG. 12 Global POS Market Value Share, by End-User, 2018 & 2027 (Value, %)
FIG. 13 Global POS Market Value from Manufacturing, 2017 – 2027 (US$ Bn)
FIG. 14 Global POS Market Value from BFSI, 2017 – 2027 (US$ Bn)
FIG. 15 Global POS Market Value from Retail, 2017 – 2027 (US$ Bn)
FIG. 16 Global POS Market Value from IT & Telecom, 2017 – 2027 (US$ Bn)
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