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PUBLISHER: KBV Research | PRODUCT CODE: 1565296
PUBLISHER: KBV Research | PRODUCT CODE: 1565296
North America Procurement Outsourcing Market Size, Share & Trends Analysis Report By Component (Services and Solutions), By Deployment (Cloud and On-Premise), By Industry Vertical, By Organization Size, By Country and Growth Forecast, 2024 - 2031
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The North America Procurement Outsourcing Market would witness market growth of 10.2% CAGR during the forecast period (2024-2031).
The US market dominated the North America Procurement Outsourcing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,294.5 million by 2031. The Canada market is experiencing a CAGR of 12.5% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 11.6% during (2024 - 2031).
The procurement outsourcing market is the industry segment that delegates procurement functions and processes to external service providers. Organizations partner with these providers to manage various aspects of procurement, such as sourcing, purchasing, contract management, supplier management, and spend analysis, allowing them to focus on core business activities. Procurement outsourcing is utilized across various sectors and industries, including manufacturing, retail, healthcare, finance, and technology.
Procurement outsourcing allows organizations to access a broader supplier base, enabling diversification and reducing dependency on single suppliers. This diversification is crucial for mitigating risks associated with supply chain disruptions, geopolitical issues, or financial instability in specific regions.
Outsourcing procurement can foster innovation in the IT industry by facilitating access to the latest technologies and solutions. Specialized procurement firms stay abreast of industry trends and emerging technologies, ensuring that IT companies are equipped with the most advanced tools available. This access to innovation is crucial for maintaining a competitive edge in the fast-paced tech industry. Ultimately, the goal of procurement outsourcing in the USA's IT sector is to enhance service delivery. By ensuring that IT companies have access to the best technologies and services, procurement outsourcing contributes to improved product development, greater customer satisfaction, and overall better service delivery. This aligns with the broader objectives of the IT industry to provide high-quality and innovative solutions to consumers and businesses. In conclusion, expansion of the IT industry and rising telecom sector in the region is driving the growth of the market.
Based on Component, the market is segmented into Services and Solutions. Based on Deployment, the market is segmented into Cloud and On-Premise. Based on Industry Vertical, the market is segmented into BFSI, IT & Telecommunication, and Healthcare. Based on Organization Size, the market is segmented into Large Enterprises and Small and Medium-sized Enterprises (SMEs). Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Infosys Limited
- TATA Consultancy Services Ltd.
- HCL Technologies Ltd.
- WNS (Holdings) Ltd.
- NB Ventures, Inc. (Global eProcure)
- Wipro Limited
- IBM Corporation
- Accenture PLC
- Genpact Limited
- Capgemini SE
North America Procurement Outsourcing Market Report Segmentation
By Component
- Services
- Solutions
By Deployment
- Cloud
- On-Premise
By Industry Vertical
- BFSI
- IT & Telecommunication
- Healthcare
By Organization Size
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Procurement Outsourcing Market, by Component
- 1.4.2 North America Procurement Outsourcing Market, by Deployment
- 1.4.3 North America Procurement Outsourcing Market, by Industry Vertical
- 1.4.4 North America Procurement Outsourcing Market, by Organization Size
- 1.4.5 North America Procurement Outsourcing Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jul - 2024, Jul) Leading Players
- 4.5 Porter Five Forces Analysis
Chapter 5. North America Procurement Outsourcing Market by Component
- 5.1 North America Services Market by Region
- 5.2 North America Solutions Market by Region
Chapter 6. North America Procurement Outsourcing Market by Deployment
- 6.1 North America Cloud Market by Country
- 6.2 North America On-Premise Market by Country
Chapter 7. North America Procurement Outsourcing Market by Industry Vertical
- 7.1 North America BFSI Market by Country
- 7.2 North America IT & Telecommunication Market by Country
- 7.3 North America Healthcare Market by Country
Chapter 8. North America Procurement Outsourcing Market by Organization Size
- 8.1 North America Large Enterprises Market by Country
- 8.2 North America Small and Medium-sized Enterprises (SMEs) Market by Country
Chapter 9. North America Procurement Outsourcing Market by Country
- 9.1 US Procurement Outsourcing Market
- 9.1.1 US Procurement Outsourcing Market by Component
- 9.1.2 US Procurement Outsourcing Market by Deployment
- 9.1.3 US Procurement Outsourcing Market by Industry Vertical
- 9.1.4 US Procurement Outsourcing Market by Organization Size
- 9.2 Canada Procurement Outsourcing Market
- 9.2.1 Canada Procurement Outsourcing Market by Component
- 9.2.2 Canada Procurement Outsourcing Market by Deployment
- 9.2.3 Canada Procurement Outsourcing Market by Industry Vertical
- 9.2.4 Canada Procurement Outsourcing Market by Organization Size
- 9.3 Mexico Procurement Outsourcing Market
- 9.3.1 Mexico Procurement Outsourcing Market by Component
- 9.3.2 Mexico Procurement Outsourcing Market by Deployment
- 9.3.3 Mexico Procurement Outsourcing Market by Industry Vertical
- 9.3.4 Mexico Procurement Outsourcing Market by Organization Size
- 9.4 Rest of North America Procurement Outsourcing Market
- 9.4.1 Rest of North America Procurement Outsourcing Market by Component
- 9.4.2 Rest of North America Procurement Outsourcing Market by Deployment
- 9.4.3 Rest of North America Procurement Outsourcing Market by Industry Vertical
- 9.4.4 Rest of North America Procurement Outsourcing Market by Organization Size
Chapter 10. Company Profiles
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Segmental and Regional Analysis
- 10.1.4 Research & Development Expenses
- 10.1.5 Recent strategies and developments:
- 10.1.5.1 Partnerships, Collaborations, and Agreements:
- 10.1.6 SWOT Analysis
- 10.2 Infosys Limited
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Segmental and Regional Analysis
- 10.2.4 Research & Development Expense
- 10.2.5 Recent strategies and developments:
- 10.2.5.1 Partnerships, Collaborations, and Agreements:
- 10.2.6 SWOT Analysis
- 10.3 Wipro Limited
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Segmental and Regional Analysis
- 10.3.4 Research & Development Expenses
- 10.3.5 SWOT Analysis
- 10.4 Genpact Limited
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Segmental and Regional Analysis
- 10.4.4 Recent strategies and developments:
- 10.4.4.1 Partnerships, Collaborations, and Agreements:
- 10.5 Capgemini SE
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Regional Analysis
- 10.5.4 Recent strategies and developments:
- 10.5.4.1 Acquisition and Mergers:
- 10.5.5 SWOT Analysis
- 10.6 HCL Technologies Ltd. (HCL Enterprises)
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Segmental and Regional Analysis
- 10.6.4 Research & Development Expenses
- 10.6.5 Recent strategies and developments:
- 10.6.5.1 Product Launches and Product Expansions:
- 10.6.5.2 Acquisition and Mergers:
- 10.6.6 SWOT Analysis
- 10.7 WNS (Holdings) Ltd.
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Segmental and Regional Analysis
- 10.7.4 Recent strategies and developments:
- 10.7.4.1 Acquisition and Mergers:
- 10.8 NB Ventures, Inc. (Global eProcure)
- 10.8.1 Company Overview
- 10.9 IBM Corporation
- 10.9.1 Company Overview
- 10.9.2 Financial Analysis
- 10.9.3 Regional & Segmental Analysis
- 10.9.4 Research & Development Expenses
- 10.9.5 Recent strategies and developments:
- 10.9.5.1 Partnerships, Collaborations, and Agreements:
- 10.9.6 SWOT Analysis
- 10.10. Accenture PLC
- 10.10.1 Company Overview
- 10.10.2 Financial Analysis
- 10.10.3 Segmental Analysis
- 10.10.4 Research & Development Expenses
- 10.10.5 Recent strategies and developments:
- 10.10.5.1 Acquisition and Mergers:
- 10.10.6 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America Procurement Outsourcing Market, 2020 - 2023, USD Million
- TABLE 2 North America Procurement Outsourcing Market, 2024 - 2031, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- Procurement Outsourcing Market
- TABLE 4 Product Launches And Product Expansions- Procurement Outsourcing Market
- TABLE 5 Acquisition and Mergers- Procurement Outsourcing Market
- TABLE 6 North America Procurement Outsourcing Market by Component, 2020 - 2023, USD Million
- TABLE 7 North America Procurement Outsourcing Market by Component, 2024 - 2031, USD Million
- TABLE 8 North America Services Market by Region, 2020 - 2023, USD Million
- TABLE 9 North America Services Market by Region, 2024 - 2031, USD Million
- TABLE 10 North America Solutions Market by Region, 2020 - 2023, USD Million
- TABLE 11 North America Solutions Market by Region, 2024 - 2031, USD Million
- TABLE 12 North America Procurement Outsourcing Market by Deployment, 2020 - 2023, USD Million
- TABLE 13 North America Procurement Outsourcing Market by Deployment, 2024 - 2031, USD Million
- TABLE 14 North America Cloud Market by Country, 2020 - 2023, USD Million
- TABLE 15 North America Cloud Market by Country, 2024 - 2031, USD Million
- TABLE 16 North America On-Premise Market by Country, 2020 - 2023, USD Million
- TABLE 17 North America On-Premise Market by Country, 2024 - 2031, USD Million
- TABLE 18 North America Procurement Outsourcing Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 19 North America Procurement Outsourcing Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 20 North America BFSI Market by Country, 2020 - 2023, USD Million
- TABLE 21 North America BFSI Market by Country, 2024 - 2031, USD Million
- TABLE 22 North America IT & Telecommunication Market by Country, 2020 - 2023, USD Million
- TABLE 23 North America IT & Telecommunication Market by Country, 2024 - 2031, USD Million
- TABLE 24 North America Healthcare Market by Country, 2020 - 2023, USD Million
- TABLE 25 North America Healthcare Market by Country, 2024 - 2031, USD Million
- TABLE 26 North America Procurement Outsourcing Market by Organization Size, 2020 - 2023, USD Million
- TABLE 27 North America Procurement Outsourcing Market by Organization Size, 2024 - 2031, USD Million
- TABLE 28 North America Large Enterprises Market by Country, 2020 - 2023, USD Million
- TABLE 29 North America Large Enterprises Market by Country, 2024 - 2031, USD Million
- TABLE 30 North America Small and Medium-sized Enterprises (SMEs) Market by Country, 2020 - 2023, USD Million
- TABLE 31 North America Small and Medium-sized Enterprises (SMEs) Market by Country, 2024 - 2031, USD Million
- TABLE 32 North America Procurement Outsourcing Market by Country, 2020 - 2023, USD Million
- TABLE 33 North America Procurement Outsourcing Market by Country, 2024 - 2031, USD Million
- TABLE 34 US Procurement Outsourcing Market, 2020 - 2023, USD Million
- TABLE 35 US Procurement Outsourcing Market, 2024 - 2031, USD Million
- TABLE 36 US Procurement Outsourcing Market by Component, 2020 - 2023, USD Million
- TABLE 37 US Procurement Outsourcing Market by Component, 2024 - 2031, USD Million
- TABLE 38 US Procurement Outsourcing Market by Deployment, 2020 - 2023, USD Million
- TABLE 39 US Procurement Outsourcing Market by Deployment, 2024 - 2031, USD Million
- TABLE 40 US Procurement Outsourcing Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 41 US Procurement Outsourcing Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 42 US Procurement Outsourcing Market by Organization Size, 2020 - 2023, USD Million
- TABLE 43 US Procurement Outsourcing Market by Organization Size, 2024 - 2031, USD Million
- TABLE 44 Canada Procurement Outsourcing Market, 2020 - 2023, USD Million
- TABLE 45 Canada Procurement Outsourcing Market, 2024 - 2031, USD Million
- TABLE 46 Canada Procurement Outsourcing Market by Component, 2020 - 2023, USD Million
- TABLE 47 Canada Procurement Outsourcing Market by Component, 2024 - 2031, USD Million
- TABLE 48 Canada Procurement Outsourcing Market by Deployment, 2020 - 2023, USD Million
- TABLE 49 Canada Procurement Outsourcing Market by Deployment, 2024 - 2031, USD Million
- TABLE 50 Canada Procurement Outsourcing Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 51 Canada Procurement Outsourcing Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 52 Canada Procurement Outsourcing Market by Organization Size, 2020 - 2023, USD Million
- TABLE 53 Canada Procurement Outsourcing Market by Organization Size, 2024 - 2031, USD Million
- TABLE 54 Mexico Procurement Outsourcing Market, 2020 - 2023, USD Million
- TABLE 55 Mexico Procurement Outsourcing Market, 2024 - 2031, USD Million
- TABLE 56 Mexico Procurement Outsourcing Market by Component, 2020 - 2023, USD Million
- TABLE 57 Mexico Procurement Outsourcing Market by Component, 2024 - 2031, USD Million
- TABLE 58 Mexico Procurement Outsourcing Market by Deployment, 2020 - 2023, USD Million
- TABLE 59 Mexico Procurement Outsourcing Market by Deployment, 2024 - 2031, USD Million
- TABLE 60 Mexico Procurement Outsourcing Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 61 Mexico Procurement Outsourcing Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 62 Mexico Procurement Outsourcing Market by Organization Size, 2020 - 2023, USD Million
- TABLE 63 Mexico Procurement Outsourcing Market by Organization Size, 2024 - 2031, USD Million
- TABLE 64 Rest of North America Procurement Outsourcing Market, 2020 - 2023, USD Million
- TABLE 65 Rest of North America Procurement Outsourcing Market, 2024 - 2031, USD Million
- TABLE 66 Rest of North America Procurement Outsourcing Market by Component, 2020 - 2023, USD Million
- TABLE 67 Rest of North America Procurement Outsourcing Market by Component, 2024 - 2031, USD Million
- TABLE 68 Rest of North America Procurement Outsourcing Market by Deployment, 2020 - 2023, USD Million
- TABLE 69 Rest of North America Procurement Outsourcing Market by Deployment, 2024 - 2031, USD Million
- TABLE 70 Rest of North America Procurement Outsourcing Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 71 Rest of North America Procurement Outsourcing Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 72 Rest of North America Procurement Outsourcing Market by Organization Size, 2020 - 2023, USD Million
- TABLE 73 Rest of North America Procurement Outsourcing Market by Organization Size, 2024 - 2031, USD Million
- TABLE 74 Key Information - Tata Consultancy Services Ltd.
- TABLE 75 Key Information - Infosys Limited
- TABLE 76 Key Information - Wipro Limited
- TABLE 77 Key Information - Genpact Limited
- TABLE 78 Key Information - Capgemini SE
- TABLE 79 Key Information - HCL Technologies Ltd.
- TABLE 80 key information - WNS (Holdings) Ltd.
- TABLE 81 key information - NB Ventures, Inc.
- TABLE 82 Key Information - IBM Corporation
- TABLE 83 Key Information - Accenture PLC
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