Press release
Services Procurement Market Hits New High | Major Giants Oracle, Capgemini, Proactis
Services Procurement Market
Major companies profiled in Services Procurement Market are:
SAP Ariba (Germany), Oracle (US), IBM Emptoris (US), Coupa Software (US), GEP (US), Jaggaer (US), Basware (Finland), Zycus (India), Proactis (UK), Ivalua (US), Workday (US), SynerTrade (France), Determine (US), Scanmarket (Denmark), Tradeshift (US), Precoro (Ukraine), Vortal (Portugal), Capgemini (France), Infosys (India), WNS (India)
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HTF Market Intelligence projects that the global Services Procurement market will expand at a compound annual growth rate (CAGR) of 9.8% from 2025 to 2033, from USD13.7 Billion in 2025 to USD29.4 Billion by 2033.
Our Report Covers the Following Important Topics:
By Type:
IT Services, Facility Services, Consulting, HR Services, Marketing & Creative Services
By Application:
Procurement, Finance, HR, Operations, IT Departments
Definition:
The Services Procurement Market focuses on managing the procurement of contingent labor and outsourced services, covering IT, HR, consulting, and facility services. As organizations increasingly outsource specialized functions, demand for centralized, intelligent procurement platforms rises. The market's growth is fueled by the need for cost transparency, compliance, and scalability. AI-powered vendor selection, real-time analytics, and agile procurement models are reshaping the landscape. While vendor management complexity and indirect spend challenges persist, innovations in smart contracting and ESG-aligned sourcing are creating new growth paths.
Dominating Region:
North America
Fastest-Growing Region:
Asia Pacific
Market Trends:
• AI-based sourcing, Integrated platforms, Freelance workforce models, Agile procurement, ESG-driven sourcing
Market Drivers:
• Outsourcing surge, Operational efficiency, Cost optimization, Demand visibility, Procurement compliance
Market Challenges:
• Indirect spend management, Vendor risks, Platform integration, Budget overrun, Fragmented processes
Market Opportunities:
• Intelligent automation, Blockchain sourcing, On-demand procurement tools, Supplier analytics, Tail-spend management
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Services Procurement market segments by Types: IT Services, Facility Services, Consulting, HR Services, Marketing & Creative Services
Detailed analysis of Career &Education Counselling market segments by Applications: Procurement, Finance, HR, Operations, IT Departments
Global Services Procurement Market -Regional Analysis
• North America: United States of America (US), Canada, and Mexico.
• South & Central America: Argentina, Chile, Colombia, and Brazil.
• Middle East & Africa: Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Israel, Egypt, and South Africa.
• Europe: the UK, France, Italy, Germany, Spain, Nordics, BALTIC Countries, Russia, Austria, and the Rest of Europe.
• Asia: India, China, Japan, South Korea, Taiwan, Southeast Asia (Singapore, Thailand, Malaysia, Indonesia, Philippines & Vietnam, etc.) & Rest
• Oceania: Australia & New Zealand
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Services Procurement Market Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
Five forces analysis-the threat of new entrants, the threat of substitutes, the threat of competition, and the bargaining power of suppliers and buyers-are carried out to better understand market circumstances.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Points Covered in Table of Content of Global Services Procurement Market:
Chapter 01 - Services Procurement Executive Summary
Chapter 02 - Market Overview
Chapter 03 - Key Success Factors
Chapter 04 - Global Services Procurement Market - Pricing Analysis
Chapter 05 - Global Services Procurement Market Background or History
Chapter 06 - Global Services Procurement Market Segmentation (e.g. Type, Application)
Chapter 07 - Key and Emerging Countries Analysis Worldwide Services Procurement Market
Chapter 08 - Global Services Procurement Market Structure & worth Analysis
Chapter 09 - Global Services Procurement Market Competitive Analysis & Challenges
Chapter 10 - Assumptions and Acronyms
Chapter 11 - Services Procurement Market Research Method Services Procurement
Thank you for reading this post. You may also obtain report versions by area, such as North America, LATAM, Europe, Japan, Australia, or Southeast Asia, or by chapter.
Nidhi Bhawsar (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +15075562445
sales@htfmarketintelligence.com
About Author:
HTF Market Intelligence is a leading market research company providing end-to-end syndicated and custom market reports, consulting services, and insightful information across the globe. With over 15,000+ reports from 27 industries covering 60+ geographies, value research report, opportunities, and cope with the most critical business challenges, and transform businesses. Analysts at HTF MI focus on comprehending the unique needs of each client to deliver insights that are most suited to their particular requirements.
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