Indirect Procurement Outsourcing Market

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.
Indirect Procurement Outsourcing Market aims to provide a comprehensive presentation of the global market for Indirect Procurement Outsourcing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Indirect Procurement Outsourcing. Indirect Procurement Outsourcing Market contains market size and forecasts of Indirect Procurement Outsourcing in global, including the following market information:
Global Indirect Procurement Outsourcing Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Indirect Procurement Outsourcing market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Indirect categories are all the goods and services that are bought by the company to enable its activity. This entails a wide scope, including marketing related services (media buying, agencies), IT related services (hardware, software), HR related services (recruitment agencies, training), facilities management and office services (Telecoms, furniture, cleaning, catering, printers), or utilities (gas, electricity, water)...etc.
We surveyed the Indirect Procurement Outsourcing companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Indirect Procurement Outsourcing Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Indirect Procurement Outsourcing Market Segment Percentages, by Type, 2022 (%)
Marketing Related Services
IT Related Services
HR Related Services
Facilities Management & Office Services
Others
Global Indirect Procurement Outsourcing Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Indirect Procurement Outsourcing Market Segment Percentages, by Application, 2022 (%)
CPG & Retail
BFSI Sector
Manufacturing Sector
Energy & Utilities
Hi-Tech & Telecom
Healthcare & Pharma
Others
Global Indirect Procurement Outsourcing Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Indirect Procurement Outsourcing Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Indirect Procurement Outsourcing revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Indirect Procurement Outsourcing revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
IBM
Accenture
GEP
Infosys
Capgemini
Genpact
TCS
Xchanging
WNS
Outline of Major Chapters:
Chapter 1: Introduces the definition of Indirect Procurement Outsourcing, market overview.
Chapter 2: Global Indirect Procurement Outsourcing market size in revenue.
Chapter 3: Detailed analysis of Indirect Procurement Outsourcing company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Indirect Procurement Outsourcing in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.