Procurement Outsourcing Market Is Estimated to Grow at a CAGR of 11.8% by 2023 Top Companies Like IBM, Accenture, GEP, Infosys, Capgemini, Genpact, TCS, Xchanging, WNS

In this report, RRI Information studies the present scenario (with the base year being 2017) and the growth prospects of global Procurement Outsourcing market for 2018-2023.

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.

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Cost reduction is the top priority for CPOs as they look to sustain business growth in a slowing market.

Demand for impactful procurement continues to run high, both in terms of managing cost as well as unleashing the potential of the supply market to differentiate business performance. However the traditional constraints of manpower, expertise, and policy driven process are inhibiting.
Cycle times need to be shorter, insight needs to be richer and more agile, and performance needs to be more transparent and efficient.

Whether it’s cognitive analytics to redefine scenario analysis, crowdsourcing to improve reach and creativity, or mobile analytics to unlock real-time performance management, the potential for these digital solutions to transform the procurement value proposition is considerable. Digital solutions should be embraced by CPOs and harnessed to greatly improve the function’s accuracy, speed of execution, and relevance to the greatest business challenges.

Over the next five years, RRII(RRI Information) projects that Procurement Outsourcing will register an 11.8% CAGR in terms of revenue, reach US$ 5500 million by 2023, from US$ 2820 million in 2017.

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This report presents a comprehensive overview, market shares and growth opportunities of Procurement Outsourcing market by product type, application, key companies and key regions.

To calculate the market size, RRI Information considers value generated from the sales of the following segments:

Segmentation by product type:
Direct Procurement
Indirect Procurement
Segmentation by application:
CPG and Retail
BFSI Sector

We can also provide the customized separate regional or country-level reports, for the following regions:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

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The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
IBM
Accenture
GEP
Infosys
Capgemini
Genpact
TCS
Xchanging
WNS

Table of Contents

2018-2023 Global Procurement Outsourcing Market Report (Status and Outlook)

1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered

2 Executive Summary
2.1 World Market Overview
2.1.1 Global Procurement Outsourcing Market Size 2013-2023
2.1.2 Procurement Outsourcing Market Size CAGR by Region
2.2 Procurement Outsourcing Segment by Type
2.2.1 Direct Procurement
2.2.2 Indirect Procurement
2.3 Procurement Outsourcing Market Size by Type
2.3.1 Global Procurement Outsourcing Market Size Market Share by Type (2013-2018)
2.3.2 Global Procurement Outsourcing Market Size Growth Rate by Type (2013-2018)
2.4 Procurement Outsourcing Segment by Application
2.4.1 CPG and Retail
2.4.2 BFSI Sector
2.5 Procurement Outsourcing Market Size by Application
2.5.1 Global Procurement Outsourcing Market Size Market Share by Application (2013-2018)
2.5.2 Global Procurement Outsourcing Market Size Growth Rate by Application (2013-2018)

3 Global Procurement Outsourcing by Players
3.1 Global Procurement Outsourcing Market Size Market Share by Players
3.1.1 Global Procurement Outsourcing Market Size by Players (2016-2018)
3.1.2 Global Procurement Outsourcing Market Size Market Share by Players (2016-2018)
3.2 Global Procurement Outsourcing Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) (2016-2018)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion

4 Procurement Outsourcing by Regions
4.1 Procurement Outsourcing Market Size by Regions
4.2 Americas Procurement Outsourcing Market Size Growth
4.3 APAC Procurement Outsourcing Market Size Growth
4.4 Europe Procurement Outsourcing Market Size Growth
4.5 Middle East & Africa Procurement Outsourcing Market Size Growth

5 Americas
5.1 Americas Procurement Outsourcing Market Size by Countries
5.2 Americas Procurement Outsourcing Market Size by Type
5.3 Americas Procurement Outsourcing Market Size by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Key Economic Indicators of Few Americas Countries

6 APAC
6.1 APAC Procurement Outsourcing Market Size by Countries
6.2 APAC Procurement Outsourcing Market Size by Type
6.3 APAC Procurement Outsourcing Market Size by Application
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 Key Economic Indicators of Few APAC Countries

7 Europe
7.1 Europe Procurement Outsourcing by Countries
7.2 Europe Procurement Outsourcing Market Size by Type
7.3 Europe Procurement Outsourcing Market Size by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
7.9 Spain
7.10 Key Economic Indicators of Few Europe Countries

8 Middle East & Africa
8.1 Middle East & Africa Procurement Outsourcing by Countries
8.2 Middle East & Africa Procurement Outsourcing Market Size by Type
8.3 Middle East & Africa Procurement Outsourcing Market Size by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries

9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends

10 Global Procurement Outsourcing Market Forecast
10.1 Global Procurement Outsourcing Market Size Forecast (2018-2023)
10.2 Global Procurement Outsourcing Forecast by Regions
10.2.1 Global Procurement Outsourcing Forecast by Regions (2018-2023)
10.2.2 Americas Market Forecast
10.2.3 APAC Market Forecast
10.2.4 Europe Market Forecast
10.2.5 Middle East & Africa Market Forecast
10.3 Americas Forecast by Countries
10.3.1 United States Market Forecast
10.3.2 Canada Market Forecast
10.3.3 Mexico Market Forecast
10.3.4 Brazil Market Forecast
10.4 APAC Forecast by Countries
10.4.1 China Market Forecast
10.4.2 Japan Market Forecast
10.4.3 Korea Market Forecast
10.4.4 Southeast Asia Market Forecast
10.4.5 India Market Forecast
10.4.6 Australia Market Forecast
10.5 Europe Forecast by Countries
10.5.1 Germany Market Forecast
10.5.2 France Market Forecast
10.5.3 UK Market Forecast
10.5.4 Italy Market Forecast
10.5.5 Russia Market Forecast
10.5.6 Spain Market Forecast
10.6 Middle East & Africa Forecast by Countries
10.6.1 Egypt Market Forecast
10.6.2 South Africa Market Forecast
10.6.3 Israel Market Forecast
10.6.4 Turkey Market Forecast
10.6.5 GCC Countries Market Forecast
10.7 Global Procurement Outsourcing Forecast by Type
10.8 Global Procurement Outsourcing Forecast by Application

11 Key Players Analysis
11.1 IBM
11.1.1 Company Details
11.1.2 Procurement Outsourcing Product Offered
11.1.3 IBM Procurement Outsourcing Revenue, Gross Margin and Market Share (2016-2018)
11.1.4 Main Business Overview
11.1.5 IBM News
11.2 Accenture
11.2.1 Company Details
11.2.2 Procurement Outsourcing Product Offered
11.2.3 Accenture Procurement Outsourcing Revenue, Gross Margin and Market Share (2016-2018)
11.2.4 Main Business Overview
11.2.5 Accenture News
11.3 GEP
11.3.1 Company Details
11.3.2 Procurement Outsourcing Product Offered
11.3.3 GEP Procurement Outsourcing Revenue, Gross Margin and Market Share (2016-2018)
11.3.4 Main Business Overview
11.3.5 GEP News
11.4 Infosys
11.4.1 Company Details
11.4.2 Procurement Outsourcing Product Offered
11.4.3 Infosys Procurement Outsourcing Revenue, Gross Margin and Market Share (2016-2018)
11.4.4 Main Business Overview
11.4.5 Infosys News
11.5 Capgemini
11.5.1 Company Details
11.5.2 Procurement Outsourcing Product Offered
11.5.3 Capgemini Procurement Outsourcing Revenue, Gross Margin and Market Share (2016-2018)
11.5.4 Main Business Overview
11.5.5 Capgemini News
11.6 Genpact
11.6.1 Company Details
11.6.2 Procurement Outsourcing Product Offered
11.6.3 Genpact Procurement Outsourcing Revenue, Gross Margin and Market Share (2016-2018)
11.6.4 Main Business Overview
11.6.5 Genpact News
11.7 TCS
11.7.1 Company Details
11.7.2 Procurement Outsourcing Product Offered
11.7.3 TCS Procurement Outsourcing Revenue, Gross Margin and Market Share (2016-2018)
11.7.4 Main Business Overview
11.7.5 TCS News
11.8 Xchanging
11.8.1 Company Details
11.8.2 Procurement Outsourcing Product Offered
11.8.3 Xchanging Procurement Outsourcing Revenue, Gross Margin and Market Share (2016-2018)
11.8.4 Main Business Overview
11.8.5 Xchanging News
11.9 WNS
11.9.1 Company Details
11.9.2 Procurement Outsourcing Product Offered
11.9.3 WNS Procurement Outsourcing Revenue, Gross Margin and Market Share (2016-2018)
11.9.4 Main Business Overview
11.9.5 WNS News

12 Research Findings and Conclusion

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Procurement Outsourcing market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Procurement Outsourcing market by identifying its various subsegments.
Focuses on the key global Procurement Outsourcing players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Procurement Outsourcing with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Procurement Outsourcing submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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