openPR Logo
Press release

Procurement Outsourcing Market Size to Boost USD 10.52 Billion By 2032 | CAGR 13.8% - Published by Emergen Research

05-03-2024 06:48 AM CET | Media & Telecommunications

Press release from: Emergen research

Procurement Outsourcing Market

Procurement Outsourcing Market

The global Procurement Outsourcing Market size is expected to reach USD 10.52 Billion in 2032 and register a revenue CAGR of 13.8% during the forecast period, according to the latest analysis by Emergen Research. Rising focus on cost reduction and growing technological advancements are major factors driving the market revenue growth. Large corporations frequently outsource procurement to save money. A procurement outsourcer uses economies of scale, as well as experienced and qualified employees, to reduce costs and improve efficiencies. Outsourcing procurement gives organizations the scalability and flexibility they need to respond to changing market circumstances. Procurement service providers can instantly adapt procurement quantities, supplier networks, and inventory levels as demand changes, assuring optimal responsiveness and hence driving the market revenue growth.

The latest research report serves as a perfect example of the precise analysis of the global Procurement Outsourcing Market. It includes the ToC, list of tables and figures, research methodology, geographic segmentation, competitive landscape, future developments, and technological innovation. Moreover, the report offers the latest coverage of the massive impact of the COVID-19 pandemic on the worldwide Procurement Outsourcing industry.

Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/2279

Drivers of the Procurement Outsourcing Market :

Several factors are driving the growth of the procurement outsourcing market. Firstly, organizations are under pressure to optimize their procurement processes and achieve cost savings while maintaining quality standards. Outsourcing procurement functions to specialized service providers enables companies to benefit from economies of scale, expertise, and advanced technology solutions, leading to cost reduction and process efficiency improvements. Additionally, the increasing complexity of supply chains and the globalization of business operations have heightened the need for specialized procurement expertise and capabilities, driving demand for outsourcing services.

Restraints and Challenges

Despite the growth opportunities, the procurement outsourcing market faces several challenges and restraints. One of the primary concerns for organizations considering outsourcing their procurement functions is the risk associated with data security and confidentiality. Entrusting sensitive procurement data to third-party service providers requires robust security measures and contractual safeguards to mitigate the risk of data breaches or misuse. Moreover, maintaining effective communication and collaboration between the organization and the outsourcing partner is essential for ensuring alignment with business objectives, managing risks, and maintaining service quality.

 Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/2279

The report also discusses the key players involved in the market such as:

Infosys Limited, IBM, Wipro, GEP, Genpact, WNS (Holdings) Ltd, TATA Consultancy Services Limited, DXC Technology Company, and Capgemini.

The report provides a thorough estimation of the overall impact of the pandemic on the Procurement Outsourcing Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Procurement Outsourcing Market

Procurement Outsourcing Latest Industry News

On 26 September 2022, GEP, a leading global provider of supply chain software and services to Fortune 500 and Global 2000 companies, announced the launch of a new office in Abu Dhabi. The firm's newest location offers full-service procurement and supply chain consulting, as well as the industry's premier procurement software platform. GEP worked with several top Middle Eastern organizations over the last decade to modernize their procurement and supply chains, and it helps clients in the aviation, CPG, energy, financial services, and oil and gas sectors.

Direct Order Can Be Placed Through This Link [Exclusive Copy] @  https://www.emergenresearch.com/select-license/2279

Procurement Outsourcing Market Segment Analysis :

For the purpose of this report, Emergen Research has segmented the global procurement outsourcing market on the basis of services, component, deployment, enterprise size, application, industry vertical, and region:

· Services Outlook (Revenue, USD Billion; 2019-2032)
Business Process Outsourcing Services
Consulting Services
· Component Outlook (Revenue, USD Billion; 2019-2032)
Solution
Services
· Deployment Outlook (Revenue, USD Billion; 2019-2032)
On-Premises
Cloud
· Enterprise Size Outlook (Revenue, USD Billion; 2019-2032)
Large Enterprises
Small & Medium Enterprise
· Application Outlook (Revenue, USD Billion; 2019-2032)
Marketing Related Services
IT Related Services
HR Related Services
Facilities Management & Office Services
Others
· Industry Vertical Outlook (Revenue, USD Billion; 2019-2032)
BFSI
Energy & Utilities
Healthcare
IT & Telecom
Professional Services
Manufacturing
Retail
Logistics
Others
· Regional Outlook (Revenue, USD Billion, 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Spain
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
Israel
Rest of MEA

Browse Full Report Description + Research Methodology + Table of Content + Infographics @ https://www.emergenresearch.com/industry-report/procurement-outsourcing-market

Contact Us:
Eric Lee
Corporate Sales Specialist
14671 110 Avenue, Surrey, British Columbia, V3R2A9
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Emergen Research Media Citations: https://www.emergenresearch.com/media-citations
Visit for More Insights: https://www.emergenresearch.com/insights
Custom Intelligence services https://www.emergenresearch.com/custom-intelligence
Growth Consulting Services https://www.emergenresearch.com/growth-consultant

About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Procurement Outsourcing Market Size to Boost USD 10.52 Billion By 2032 | CAGR 13.8% - Published by Emergen Research here

News-ID: 3483392 • Views:

More Releases from Emergen research

Global Internet of Things (IoT) in Healthcare Market to Reach USD 299.05 Billion in 2023, Set for Strong Growth at 16.5% CAGR
Global Internet of Things (IoT) in Healthcare Market to Reach USD 299.05 Billion …
The global Internet of Things (IoT) in Healthcare Market was valued at USD 299.05 billion in 2023 and is expected to grow at a CAGR of 16.5% during the forecast period. This growth is fueled by the rising use of connected healthcare devices, increasing demand for early disease detection through remote monitoring, and growing adoption of artificial intelligence (AI) tools within IoT-based healthcare systems. The market is also benefiting from the
Global Stem Cell Therapy Market to Reach USD 49.2 Billion by 2034, Growing at 13.6% CAGR
Global Stem Cell Therapy Market to Reach USD 49.2 Billion by 2034, Growing at 13 …
The global Stem Cell Therapy Market, valued at USD 13.7 billion in 2024, is projected to reach USD 49.2 billion by 2034, expanding at a compound annual growth rate (CAGR) of 13.6%. Growth is being fueled by the rising burden of chronic diseases, rapid progress in cell-based studies, and increasing investments in regenerative medicine and personalized healthcare solutions. Stem cell therapies offer the ability to repair, replace, or restore damaged tissues
Artificial Intelligence Strengthens Cybersecurity as Threats Grow More Sophisticated
Artificial Intelligence Strengthens Cybersecurity as Threats Grow More Sophistic …
The global Artificial Intelligence in cybersecurity market size was USD 23.8 Billion in 2023 and is expected to reach a market valuation of USD 29.44 billion by the end of 2024 registering a CAGR of 23.7% during the forecast period. The adoption of Artificial Intelligence (AI) in cybersecurity is rapidly gaining traction as organizations worldwide face increasingly complex and frequent cyber threats. By combining advanced technologies such as Machine Learning
Global Regenerative Medicine Market to Reach USD 125.6 Billion by 2034, Growing at 13.9% CAGR
Global Regenerative Medicine Market to Reach USD 125.6 Billion by 2034, Growing …
The global regenerative medicine market, valued at USD 34.2 billion in 2024, is set to grow to USD 125.6 billion by 2034, expanding at a compound annual growth rate (CAGR) of 13.9%. Growth is being fueled by rising approvals of advanced therapies, strong demand for personalized treatments in cancer and orthopedics, and expanding cell and gene therapy manufacturing across major markets such as North America, Europe, and Asia. Once seen as

All 5 Releases


More Releases for Outsourcing

Help Desk Outsourcing Market to See Booming Growth | Qcom Outsourcing, Wipro, Ac …
Advance Market Analytics published a new research publication on "Global Help Desk Outsourcing Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Help Desk Outsourcing market was mainly driven by the increasing R&D spending across the world. Get Free Exclusive PDF Sample
Outsourcing MLRO
Outsourcing MLRO: We offer outsourcing solutions for the Money Laundering Reporting Officer. For the establishment of a audit-proof risk management for money laundering prevention, we assume the following tasks: Appointment as Money Laundering Reporting Officer As a money laundering officer, we monitor adherence to the German MLA and other legal requirements, including the requirements of other guidelines on money laundering prevention. As a money laundering officer, we advise and inform the management on
Global Data Analytics Outsourcing Market |data analytics outsourcing, big data o …
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Global Data Analytics Outsourcing Market “ The report on data analytics outsourcing market provides analysis for the period 2016 – 2026, wherein 2018 to 2026 is the forecast period and 2017 is the base year. The report covers major trends and technologies playing
General and Administrative Outsourcing (GAO) Market Report 2018: Segmentation by …
Global General and Administrative Outsourcing (GAO) market research report provides company profile for Hp, Aon Hewitt, Cognizant Technology Solutions, Cgi, Genesys, Infosys, Ibm, Tcs, Capgemini, Accenture, Adp and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to
Outsourcing Services | Outsourcing Services
Intelgain Technologies, (previously known as Dynamic Web Technologies) is a certified Software solutions provider that delivers unique enterprise IT solutions, making your most complex, mission-critical projects simple and easy to handle. We partner you through strategic implementation of technology, backed by solid domain and industry expertise. Besides Custom Web, Bespoke Software Application development, we offer software consultancy, design, maintenance and support. We integrate, automate optimize Global business, using best-of-breed practices,
SEO Outsourcing India Professional SEO Outsourcing India SEO Chennai
We are one of the leading Web Design Company in Chennai,Our services are Web Design,Web hosting,Domain Name Registrations,Software develpments,Email marketing,Seo ,Sem services ,Data mining softwares,open source softwares,etc Web Design Chennai:The Spider India is a web design company based in Chennai City and dedicated to serving the local region. Most of our clients are located in Chennai, Mumbai, Bangalore, USA, UK, Australia and UAE. In order to provide the best quality services,