The Impact Of E-Commerce Growth On Procurement Outsourcing Driver: Leading Transformation in the Procurement Outsourcing Market in 2025

Which drivers are expected to have the greatest impact on the over the procurement outsourcing market's growth?
The advancement of the e-commerce industry is predicted to fuel the expansion of the procurement outsourcing market. E-commerce, which involves online transactions of goods and services, often uses procurement outsourcing for contract management with suppliers, compliance assurance, and locating renegotiation possibilities. As an example, the Boston Consulting Group Inc., a US-centric management consulting firm, revealed that in October 2023, e-commerce sales grew by 3% in Europe and by 7% in the US and Asia the previous year. Moreover, global e-commerce is anticipated to witness a 9% growth annually by 2027. As a result, the escalating e-commerce sector will catalyze the progression of the procurement outsourcing market. The surge in urbanization is also anticipated to stimulate the development of the procurement outsourcing market. Urbanization signifies the shift in population from rural areas to towns and cities resulting in the expansion and progress of urban centers. Procurement outsourcing is employed in the context of urbanization to properly manage and enhance the purchase of goods and services for escalating urban populations. It facilitates cost reduction, procedure advancement, and improvement of strategic sourcing capabilities. As an example, it was reported in February 2024 by our world in data, a UK-based scientific online publication, that nearly 56.9% of the worldwide population are residing in urban areas as of 2024. This pattern is predicted to persist with forecasts suggesting that by 2050, over 68% of the global population will dwell in urban areas. Consequently, the accelerating urbanization rate is bolstering the procurement outsourcing market.

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What is the future CAGR of the procurement outsourcing market, and how will it impact industry expansion?
In recent times, the procurement outsourcing market has witnessed a significant rise in its size. The market size is set to expand from $4.78 billion in 2024 to $5.52 billion in 2025, indicating a compound annual growth rate (CAGR) of 15.5%. The historical growth can be linked to factors such as cost-effectiveness, concentration on primary capabilities, globalization, risk supervision, and the adaptability in resource distribution.

The market size for procurement outsourcing is predicted to experience a swift expansion in the coming years. The growth is projected to reach $9.02 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 13.1%. Factors like strategic sourcing, sustainability and Corporate Social Responsibility (CSR), resilience planning, the need for specialized skills, and data security and compliance are contributing to the growth in the forecast period. Significant trends anticipated for this period include digital transformation, advancement in technologies, agile and flexible procurement models, data analytics, business intelligence, and an emphasis on strategic sourcing.

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What are the most significant trends transforming the procurement outsourcing market today?
Key players in the procurement outsourcing market, including AI-focused companies, are concentrating on technological advancements like artificial intelligence (AI) to improve procurement procedures, sharpen decision-making processes, and boost cost efficiencies. AI is a technological field aimed at developing machines capable of executing tasks involving human-like intelligence, such as learning, problem-solving, and pattern identification. For example, Acquire BPO, a business process outsourcing firm based in Australia, launched Acquire.AI in July 2024. Acquire.AI gives customized AI solutions that enhance business efficiency and client experiences, promoting widespread AI adoption across numerous sectors and pushing growth and operational enhancements.

Which key market segments comprise the procurement outsourcing market and drive its revenue growth?
The procurement outsourcing market covered in this report is segmented -

1) By Component: Solution, Services
2) By Deployment: On-Premises, Cloud
3) By Enterprise Size: Large Enterprises, Small And Medium Enterprise
4) By Industry Verticals: Banking, Financial Services, And Insurance (BFSI), Energy And Utilities, Healthcare, IT And Telecom, Professional Services, Manufacturing, Retail, Logistics, Other Industry Verticals

Subsegments:
1) By Solution: Procurement Software Solutions, Supplier Management Solutions, E-Sourcing And E-Procurement Solutions, Procurement Analytics And Reporting Tools, Spend Management Solutions
2) By Services: Strategic Sourcing Services, Supplier Relationship Management Services, Procurement Operations Management, Purchase Order And Invoice Management Services, Procurement Consulting And Advisory Services, Contract Management Services, Procurement Process Outsourcing (PPO)

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What regions are at the forefront of procurement outsourcing market expansion?
North America was the largest region in the procurement outsourcing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the procurement outsourcing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the procurement outsourcing market?
Major companies operating in the procurement outsourcing market report are Microsoft Corporation, Siemens AG, General Electric Company, accenture* PLC, International Business Machines Corporation, Ernst & Young LLP, SAP SE, Tata Consultancy Services Limited, Capgemini SE, Cognizant Technology Solutions Corporation, Infosys Limited, DXC Technology Company, Wipro Limited, HCL Technologies Limited, Rockwell Automation Inc., CGI Inc., Concentrix Services India Private Limited (CSIPL), GEP Worldwide, WNS Denali, JAGGAER, Corbus LLC, Aquanima SA, Xchanging Solutions Limited, Intetics Inc., Aegis One Consults Ltd.

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What Is Covered In The Procurement Outsourcing Global Market Report?

•Market Size Forecast: Examine the procurement outsourcing market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the procurement outsourcing market for a structured understanding.
•Key Players Overview: Analyze major players in the procurement outsourcing market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the procurement outsourcing market.
•Segment Contributions: Evaluate how different segments drive overall growth in the procurement outsourcing market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the procurement outsourcing market.
•Industry Challenges: Identify potential risks and obstacles affecting the procurement outsourcing market.
•Competitive Landscape: Review strategic developments in the procurement outsourcing market, including expansions, agreements, and new product launches.

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