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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.
Scope of the Report:
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.
The global Procurement Outsourcing market is valued at 2820 million USD in 2018 and is expected to reach 5500 million USD by the end of 2024, growing at a CAGR of 11.8% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Procurement Outsourcing.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the Procurement Outsourcing market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Procurement Outsourcing market by product type and applications/end industries.
Market Segment by Companies, this report covers
IBM
Accenture
GEP
Infosys
Capgemini
Genpact
TCS
Xchanging
WNS
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Direct Procurement
Indirect Procurement
Market Segment by Applications, can be divided into
CPG and Retail
BFSI Sector
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
Table of Contents
1 Procurement Outsourcing Market Overview
1.1 Product Overview and Scope of Procurement Outsourcing
1.2 Classification of Procurement Outsourcing by Types
1.2.1 Global Procurement Outsourcing Revenue Comparison by Types (2019-2024)
1.2.2 Global Procurement Outsourcing Revenue Market Share by Types in 2018
1.2.3 Direct Procurement
1.2.4 Indirect Procurement
1.3 Global Procurement Outsourcing Market by Application
1.3.1 Global Procurement Outsourcing Market Size and Market Share Comparison by Applications (2014-2024)
1.3.2 CPG and Retail
1.3.3 BFSI Sector
1.4 Global Procurement Outsourcing Market by Regions
1.4.1 Global Procurement Outsourcing Market Size (Million USD) Comparison by Regions (2014-2024)
1.4.1 North America (USA, Canada and Mexico) Procurement Outsourcing Status and Prospect (2014-2024)
1.4.2 Europe (Germany, France, UK, Russia and Italy) Procurement Outsourcing Status and Prospect (2014-2024)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia) Procurement Outsourcing Status and Prospect (2014-2024)
1.4.4 South America (Brazil, Argentina, Colombia) Procurement Outsourcing Status and Prospect (2014-2024)
1.4.5 Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) Procurement Outsourcing Status and Prospect (2014-2024)
1.5 Global Market Size of Procurement Outsourcing (2014-2024)
2 Manufacturers Profiles
2.1 IBM
2.1.1 Business Overview
2.1.2 Procurement Outsourcing Type and Applications
2.1.2.1 Product A
2.1.2.2 Product B
2.1.3 IBM Procurement Outsourcing Revenue, Gross Margin and Market Share (2017-2018)
2.2 Accenture
2.2.1 Business Overview
2.2.2 Procurement Outsourcing Type and Applications
2.2.2.1 Product A
2.2.2.2 Product B
2.2.3 Accenture Procurement Outsourcing Revenue, Gross Margin and Market Share (2017-2018)
2.3 GEP
2.3.1 Business Overview
2.3.2 Procurement Outsourcing Type and Applications
2.3.2.1 Product A
2.3.2.2 Product B
2.3.3 GEP Procurement Outsourcing Revenue, Gross Margin and Market Share (2017-2018)
2.4 Infosys
2.4.1 Business Overview
2.4.2 Procurement Outsourcing Type and Applications
2.4.2.1 Product A
2.4.2.2 Product B
2.4.3 Infosys Procurement Outsourcing Revenue, Gross Margin and Market Share (2017-2018)
2.5 Capgemini
2.5.1 Business Overview
2.5.2 Procurement Outsourcing Type and Applications
2.5.2.1 Product A
2.5.2.2 Product B
2.5.3 Capgemini Procurement Outsourcing Revenue, Gross Margin and Market Share (2017-2018)
2.6 Genpact
2.6.1 Business Overview
2.6.2 Procurement Outsourcing Type and Applications
2.6.2.1 Product A
2.6.2.2 Product B
2.6.3 Genpact Procurement Outsourcing Revenue, Gross Margin and Market Share (2017-2018)
2.7 TCS
2.7.1 Business Overview
2.7.2 Procurement Outsourcing Type and Applications
2.7.2.1 Product A
2.7.2.2 Product B
2.7.3 TCS Procurement Outsourcing Revenue, Gross Margin and Market Share (2017-2018)
2.8 Xchanging
2.8.1 Business Overview
2.8.2 Procurement Outsourcing Type and Applications
2.8.2.1 Product A
2.8.2.2 Product B
2.8.3 Xchanging Procurement Outsourcing Revenue, Gross Margin and Market Share (2017-2018)
2.9 WNS
2.9.1 Business Overview
2.9.2 Procurement Outsourcing Type and Applications
2.9.2.1 Product A
2.9.2.2 Product B
2.9.3 WNS Procurement Outsourcing Revenue, Gross Margin and Market Share (2017-2018)
3 Global Procurement Outsourcing Market Competition, by Players
3.1 Global Procurement Outsourcing Revenue and Share by Players (2014-2019)
3.2 Market Concentration Rate
3.2.1 Top 5 Procurement Outsourcing Players Market Share
3.2.2 Top 10 Procurement Outsourcing Players Market Share
3.3 Market Competition Trend
4 Global Procurement Outsourcing Market Size by Regions
4.1 Global Procurement Outsourcing Revenue and Market Share by Regions
4.2 North America Procurement Outsourcing Revenue and Growth Rate (2014-2019)
4.3 Europe Procurement Outsourcing Revenue and Growth Rate (2014-2019)
4.4 Asia-Pacific Procurement Outsourcing Revenue and Growth Rate (2014-2019)
4.5 South America Procurement Outsourcing Revenue and Growth Rate (2014-2019)
4.6 Middle East and Africa Procurement Outsourcing Revenue and Growth Rate (2014-2019)
5 North America Procurement Outsourcing Revenue by Countries
5.1 North America Procurement Outsourcing Revenue by Countries (2014-2019)
5.2 USA Procurement Outsourcing Revenue and Growth Rate (2014-2019)
5.3 Canada Procurement Outsourcing Revenue and Growth Rate (2014-2019)
5.4 Mexico Procurement Outsourcing Revenue and Growth Rate (2014-2019)
6 Europe Procurement Outsourcing Revenue by Countries
6.1 Europe Procurement Outsourcing Revenue by Countries (2014-2019)
6.2 Germany Procurement Outsourcing Revenue and Growth Rate (2014-2019)
6.3 UK Procurement Outsourcing Revenue and Growth Rate (2014-2019)
6.4 France Procurement Outsourcing Revenue and Growth Rate (2014-2019)
6.5 Russia Procurement Outsourcing Revenue and Growth Rate (2014-2019)
6.6 Italy Procurement Outsourcing Revenue and Growth Rate (2014-2019)
7 Asia-Pacific Procurement Outsourcing Revenue by Countries
7.1 Asia-Pacific Procurement Outsourcing Revenue by Countries (2014-2019)
7.2 China Procurement Outsourcing Revenue and Growth Rate (2014-2019)
7.3 Japan Procurement Outsourcing Revenue and Growth Rate (2014-2019)
7.4 Korea Procurement Outsourcing Revenue and Growth Rate (2014-2019)
7.5 India Procurement Outsourcing Revenue and Growth Rate (2014-2019)
7.6 Southeast Asia Procurement Outsourcing Revenue and Growth Rate (2014-2019)
8 South America Procurement Outsourcing Revenue by Countries
8.1 South America Procurement Outsourcing Revenue by Countries (2014-2019)
8.2 Brazil Procurement Outsourcing Revenue and Growth Rate (2014-2019)
8.3 Argentina Procurement Outsourcing Revenue and Growth Rate (2014-2019)
8.4 Colombia Procurement Outsourcing Revenue and Growth Rate (2014-2019)
9 Middle East and Africa Revenue Procurement Outsourcing by Countries
9.1 Middle East and Africa Procurement Outsourcing Revenue by Countries (2014-2019)
9.2 Saudi Arabia Procurement Outsourcing Revenue and Growth Rate (2014-2019)
9.3 UAE Procurement Outsourcing Revenue and Growth Rate (2014-2019)
9.4 Egypt Procurement Outsourcing Revenue and Growth Rate (2014-2019)
9.5 Nigeria Procurement Outsourcing Revenue and Growth Rate (2014-2019)
9.6 South Africa Procurement Outsourcing Revenue and Growth Rate (2014-2019)
10 Global Procurement Outsourcing Market Segment by Type
10.1 Global Procurement Outsourcing Revenue and Market Share by Type (2014-2019)
10.2 Global Procurement Outsourcing Market Forecast by Type (2019-2024)
10.3 Direct Procurement Revenue Growth Rate (2014-2024)
10.4 Indirect Procurement Revenue Growth Rate (2014-2024)
11 Global Procurement Outsourcing Market Segment by Application
11.1 Global Procurement Outsourcing Revenue Market Share by Application (2014-2019)
11.2 Procurement Outsourcing Market Forecast by Application (2019-2024)
11.3 CPG and Retail Revenue Growth (2014-2019)
11.4 BFSI Sector Revenue Growth (2014-2019)
12 Global Procurement Outsourcing Market Size Forecast (2019-2024)
12.1 Global Procurement Outsourcing Market Size Forecast (2019-2024)
12.2 Global Procurement Outsourcing Market Forecast by Regions (2019-2024)
12.3 North America Procurement Outsourcing Revenue Market Forecast (2019-2024)
12.4 Europe Procurement Outsourcing Revenue Market Forecast (2019-2024)
12.5 Asia-Pacific Procurement Outsourcing Revenue Market Forecast (2019-2024)
12.6 South America Procurement Outsourcing Revenue Market Forecast (2019-2024)
12.7 Middle East and Africa Procurement Outsourcing Revenue Market Forecast (2019-2024)
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Data Source
List of Tables and Figures
Figure Procurement Outsourcing Picture
Table Product Specifications of Procurement Outsourcing
Table Global Procurement Outsourcing and Revenue (Million USD) Market Split b
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