LAMEA 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

List of Tables

The Latin America, Middle East and Africa Procurement Outsourcing Market would witness market growth of 13.2% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA Procurement Outsourcing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $242.2 million by 2031. The Argentina market is capturing a CAGR of 14.2% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 12.3% during (2024 - 2031).

Adoption is increasingly motivated by a desire for total value delivery rather than cost savings. Organizations recognize that outsourcing can lead to better supplier relationships, improved quality, and enhanced innovation, contributing to overall business success. Several key trends are shaping the procurement outsourcing landscape. Organizations are increasingly prioritizing sustainability in their procurement practices, driving demand for outsourcing partners who can provide sustainable sourcing solutions and ensure that suppliers adhere to environmental and ethical standards.

Companies are moving from transactional relationships with outsourcing providers to more collaborative, strategic partnerships. This shift emphasizes shared goals, innovation, and long-term value creation rather than simply cost savings. As businesses face fluctuating market conditions, there is a growing trend toward flexible procurement outsourcing models. Organizations seek partners to scale services up or down based on demand, enabling agile responses to market changes. There is a rising emphasis on supplier diversity within procurement outsourcing. Companies are progressively attempting to engage with diverse suppliers to promote inclusivity and access a wider variety of innovative solutions and offerings.

The focus on sustainability and technological advancements within the logistics industry will drive the adoption of innovative procurement practices. Procurement outsourcing firms will be crucial in helping businesses implement sustainable sourcing strategies, optimize inventory management, and integrate digital procurement solutions. As the logistics and transportation industry in Saudi Arabia continues to evolve and grow, the procurement outsourcing market is set to experience significant expansion, driven by the need for efficient, cost-effective, and technologically advanced procurement solutions. Hence, the rising healthcare budget and expansion of the logistics & transportation industry are driving the market's growth.

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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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

LAMEA 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

Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 LAMEA Procurement Outsourcing Market, by Component
- 1.4.2 LAMEA Procurement Outsourcing Market, by Deployment
- 1.4.3 LAMEA Procurement Outsourcing Market, by Industry Vertical
- 1.4.4 LAMEA Procurement Outsourcing Market, by Organization Size
- 1.4.5 LAMEA 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
3.2 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. LAMEA Procurement Outsourcing Market by Component

5.1 LAMEA Services Market by Country
5.2 LAMEA Solutions Market by Country

Chapter 6. LAMEA Procurement Outsourcing Market by Deployment

6.1 LAMEA Cloud Market by Country
6.2 LAMEA On-Premise Market by Country

Chapter 7. LAMEA Procurement Outsourcing Market by Industry Vertical

7.1 LAMEA BFSI Market by Country
7.2 LAMEA IT & Telecommunication Market by Country
7.3 LAMEA Healthcare Market by Country

Chapter 8. LAMEA Procurement Outsourcing Market by Organization Size

8.1 LAMEA Large Enterprises Market by Country
8.2 LAMEA Small and Medium-sized Enterprises (SMEs) Market by Country

Chapter 9. LAMEA Procurement Outsourcing Market by Country

9.1 Brazil Procurement Outsourcing Market
- 9.1.1 Brazil Procurement Outsourcing Market by Component
- 9.1.2 Brazil Procurement Outsourcing Market by Deployment
- 9.1.3 Brazil Procurement Outsourcing Market by Industry Vertical
- 9.1.4 Brazil Procurement Outsourcing Market by Organization Size
9.2 Argentina Procurement Outsourcing Market
- 9.2.1 Argentina Procurement Outsourcing Market by Component
- 9.2.2 Argentina Procurement Outsourcing Market by Deployment
- 9.2.3 Argentina Procurement Outsourcing Market by Industry Vertical
- 9.2.4 Argentina Procurement Outsourcing Market by Organization Size
9.3 UAE Procurement Outsourcing Market
- 9.3.1 UAE Procurement Outsourcing Market by Component
- 9.3.2 UAE Procurement Outsourcing Market by Deployment
- 9.3.3 UAE Procurement Outsourcing Market by Industry Vertical
- 9.3.4 UAE Procurement Outsourcing Market by Organization Size
9.4 Saudi Arabia Procurement Outsourcing Market
- 9.4.1 Saudi Arabia Procurement Outsourcing Market by Component
- 9.4.2 Saudi Arabia Procurement Outsourcing Market by Deployment
- 9.4.3 Saudi Arabia Procurement Outsourcing Market by Industry Vertical
- 9.4.4 Saudi Arabia Procurement Outsourcing Market by Organization Size
9.5 South Africa Procurement Outsourcing Market
- 9.5.1 South Africa Procurement Outsourcing Market by Component
- 9.5.2 South Africa Procurement Outsourcing Market by Deployment
- 9.5.3 South Africa Procurement Outsourcing Market by Industry Vertical
- 9.5.4 South Africa Procurement Outsourcing Market by Organization Size
9.6 Nigeria Procurement Outsourcing Market
- 9.6.1 Nigeria Procurement Outsourcing Market by Component
- 9.6.2 Nigeria Procurement Outsourcing Market by Deployment
- 9.6.3 Nigeria Procurement Outsourcing Market by Industry Vertical
- 9.6.4 Nigeria Procurement Outsourcing Market by Organization Size
9.7 Rest of LAMEA Procurement Outsourcing Market
- 9.7.1 Rest of LAMEA Procurement Outsourcing Market by Component
- 9.7.2 Rest of LAMEA Procurement Outsourcing Market by Deployment
- 9.7.3 Rest of LAMEA Procurement Outsourcing Market by Industry Vertical
- 9.7.4 Rest of LAMEA 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 LAMEA Procurement Outsourcing Market, 2020 - 2023, USD Million
TABLE 2 LAMEA 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 LAMEA Procurement Outsourcing Market by Component, 2020 - 2023, USD Million
TABLE 7 LAMEA Procurement Outsourcing Market by Component, 2024 - 2031, USD Million
TABLE 8 LAMEA Services Market by Country, 2020 - 2023, USD Million
TABLE 9 LAMEA Services Market by Country, 2024 - 2031, USD Million
TABLE 10 LAMEA Solutions Market by Country, 2020 - 2023, USD Million
TABLE 11 LAMEA Solutions Market by Country, 2024 - 2031, USD Million
TABLE 12 LAMEA Procurement Outsourcing Market by Deployment, 2020 - 2023, USD Million
TABLE 13 LAMEA Procurement Outsourcing Market by Deployment, 2024 - 2031, USD Million
TABLE 14 LAMEA Cloud Market by Country, 2020 - 2023, USD Million
TABLE 15 LAMEA Cloud Market by Country, 2024 - 2031, USD Million
TABLE 16 LAMEA On-Premise Market by Country, 2020 - 2023, USD Million
TABLE 17 LAMEA On-Premise Market by Country, 2024 - 2031, USD Million
TABLE 18 LAMEA Procurement Outsourcing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 19 LAMEA Procurement Outsourcing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 20 LAMEA BFSI Market by Country, 2020 - 2023, USD Million
TABLE 21 LAMEA BFSI Market by Country, 2024 - 2031, USD Million
TABLE 22 LAMEA IT & Telecommunication Market by Country, 2020 - 2023, USD Million
TABLE 23 LAMEA IT & Telecommunication Market by Country, 2024 - 2031, USD Million
TABLE 24 LAMEA Healthcare Market by Country, 2020 - 2023, USD Million
TABLE 25 LAMEA Healthcare Market by Country, 2024 - 2031, USD Million
TABLE 26 LAMEA Procurement Outsourcing Market by Organization Size, 2020 - 2023, USD Million
TABLE 27 LAMEA Procurement Outsourcing Market by Organization Size, 2024 - 2031, USD Million
TABLE 28 LAMEA Large Enterprises Market by Country, 2020 - 2023, USD Million
TABLE 29 LAMEA Large Enterprises Market by Country, 2024 - 2031, USD Million
TABLE 30 LAMEA Small and Medium-sized Enterprises (SMEs) Market by Country, 2020 - 2023, USD Million
TABLE 31 LAMEA Small and Medium-sized Enterprises (SMEs) Market by Country, 2024 - 2031, USD Million
TABLE 32 LAMEA Procurement Outsourcing Market by Country, 2020 - 2023, USD Million
TABLE 33 LAMEA Procurement Outsourcing Market by Country, 2024 - 2031, USD Million
TABLE 34 Brazil Procurement Outsourcing Market, 2020 - 2023, USD Million
TABLE 35 Brazil Procurement Outsourcing Market, 2024 - 2031, USD Million
TABLE 36 Brazil Procurement Outsourcing Market by Component, 2020 - 2023, USD Million
TABLE 37 Brazil Procurement Outsourcing Market by Component, 2024 - 2031, USD Million
TABLE 38 Brazil Procurement Outsourcing Market by Deployment, 2020 - 2023, USD Million
TABLE 39 Brazil Procurement Outsourcing Market by Deployment, 2024 - 2031, USD Million
TABLE 40 Brazil Procurement Outsourcing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 41 Brazil Procurement Outsourcing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 42 Brazil Procurement Outsourcing Market by Organization Size, 2020 - 2023, USD Million
TABLE 43 Brazil Procurement Outsourcing Market by Organization Size, 2024 - 2031, USD Million
TABLE 44 Argentina Procurement Outsourcing Market, 2020 - 2023, USD Million
TABLE 45 Argentina Procurement Outsourcing Market, 2024 - 2031, USD Million
TABLE 46 Argentina Procurement Outsourcing Market by Component, 2020 - 2023, USD Million
TABLE 47 Argentina Procurement Outsourcing Market by Component, 2024 - 2031, USD Million
TABLE 48 Argentina Procurement Outsourcing Market by Deployment, 2020 - 2023, USD Million
TABLE 49 Argentina Procurement Outsourcing Market by Deployment, 2024 - 2031, USD Million
TABLE 50 Argentina Procurement Outsourcing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 51 Argentina Procurement Outsourcing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 52 Argentina Procurement Outsourcing Market by Organization Size, 2020 - 2023, USD Million
TABLE 53 Argentina Procurement Outsourcing Market by Organization Size, 2024 - 2031, USD Million
TABLE 54 UAE Procurement Outsourcing Market, 2020 - 2023, USD Million
TABLE 55 UAE Procurement Outsourcing Market, 2024 - 2031, USD Million
TABLE 56 UAE Procurement Outsourcing Market by Component, 2020 - 2023, USD Million
TABLE 57 UAE Procurement Outsourcing Market by Component, 2024 - 2031, USD Million
TABLE 58 UAE Procurement Outsourcing Market by Deployment, 2020 - 2023, USD Million
TABLE 59 UAE Procurement Outsourcing Market by Deployment, 2024 - 2031, USD Million
TABLE 60 UAE Procurement Outsourcing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 61 UAE Procurement Outsourcing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 62 UAE Procurement Outsourcing Market by Organization Size, 2020 - 2023, USD Million
TABLE 63 UAE Procurement Outsourcing Market by Organization Size, 2024 - 2031, USD Million
TABLE 64 Saudi Arabia Procurement Outsourcing Market, 2020 - 2023, USD Million
TABLE 65 Saudi Arabia Procurement Outsourcing Market, 2024 - 2031, USD Million
TABLE 66 Saudi Arabia Procurement Outsourcing Market by Component, 2020 - 2023, USD Million
TABLE 67 Saudi Arabia Procurement Outsourcing Market by Component, 2024 - 2031, USD Million
TABLE 68 Saudi Arabia Procurement Outsourcing Market by Deployment, 2020 - 2023, USD Million
TABLE 69 Saudi Arabia Procurement Outsourcing Market by Deployment, 2024 - 2031, USD Million
TABLE 70 Saudi Arabia Procurement Outsourcing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 71 Saudi Arabia Procurement Outsourcing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 72 Saudi Arabia Procurement Outsourcing Market by Organization Size, 2020 - 2023, USD Million
TABLE 73 Saudi Arabia Procurement Outsourcing Market by Organization Size, 2024 - 2031, USD Million
TABLE 74 South Africa Procurement Outsourcing Market, 2020 - 2023, USD Million
TABLE 75 South Africa Procurement Outsourcing Market, 2024 - 2031, USD Million
TABLE 76 South Africa Procurement Outsourcing Market by Component, 2020 - 2023, USD Million
TABLE 77 South Africa Procurement Outsourcing Market by Component, 2024 - 2031, USD Million
TABLE 78 South Africa Procurement Outsourcing Market by Deployment, 2020 - 2023, USD Million
TABLE 79 South Africa Procurement Outsourcing Market by Deployment, 2024 - 2031, USD Million
TABLE 80 South Africa Procurement Outsourcing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 81 South Africa Procurement Outsourcing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 82 South Africa Procurement Outsourcing Market by Organization Size, 2020 - 2023, USD Million
TABLE 83 South Africa Procurement Outsourcing Market by Organization Size, 2024 - 2031, USD Million
TABLE 84 Nigeria Procurement Outsourcing Market, 2020 - 2023, USD Million
TABLE 85 Nigeria Procurement Outsourcing Market, 2024 - 2031, USD Million
TABLE 86 Nigeria Procurement Outsourcing Market by Component, 2020 - 2023, USD Million
TABLE 87 Nigeria Procurement Outsourcing Market by Component, 2024 - 2031, USD Million
TABLE 88 Nigeria Procurement Outsourcing Market by Deployment, 2020 - 2023, USD Million
TABLE 89 Nigeria Procurement Outsourcing Market by Deployment, 2024 - 2031, USD Million
TABLE 90 Nigeria Procurement Outsourcing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 91 Nigeria Procurement Outsourcing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 92 Nigeria Procurement Outsourcing Market by Organization Size, 2020 - 2023, USD Million
TABLE 93 Nigeria Procurement Outsourcing Market by Organization Size, 2024 - 2031, USD Million
TABLE 94 Rest of LAMEA Procurement Outsourcing Market, 2020 - 2023, USD Million
TABLE 95 Rest of LAMEA Procurement Outsourcing Market, 2024 - 2031, USD Million
TABLE 96 Rest of LAMEA Procurement Outsourcing Market by Component, 2020 - 2023, USD Million
TABLE 97 Rest of LAMEA Procurement Outsourcing Market by Component, 2024 - 2031, USD Million
TABLE 98 Rest of LAMEA Procurement Outsourcing Market by Deployment, 2020 - 2023, USD Million
TABLE 99 Rest of LAMEA Procurement Outsourcing Market by Deployment, 2024 - 2031, USD Million
TABLE 100 Rest of LAMEA Procurement Outsourcing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 101 Rest of LAMEA Procurement Outsourcing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 102 Rest of LAMEA Procurement Outsourcing Market by Organization Size, 2020 - 2023, USD Million
TABLE 103 Rest of LAMEA Procurement Outsourcing Market by Organization Size, 2024 - 2031, USD Million
TABLE 104 Key Information - Tata Consultancy Services Ltd.
TABLE 105 Key Information - Infosys Limited
TABLE 106 Key Information - Wipro Limited
TABLE 107 Key Information - Genpact Limited
TABLE 108 Key Information - Capgemini SE
TABLE 109 Key Information - HCL Technologies Ltd.
TABLE 110 key information - WNS (Holdings) Ltd.
TABLE 111 key information - NB Ventures, Inc.
TABLE 112 Key Information - IBM Corporation
TABLE 113 Key Information - Accenture PLC

LAMEA 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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