INDUSTRY OVERVIEW
The Indirect Procurement BPO market is experiencing robust growth, projected to achieve a compound annual growth rate CAGR of 9% during the forecast period. Valued at 35Billion, the market is expected to reach 55Billion by 2030, with a year-on-year growth rate of 8%. This upward trajectory is driven by factors such as evolving consumer preferences, technological advancements, and increased investment in innovation, positioning the market for significant expansion in the coming years. Companies should strategically focus on enhancing their offerings and exploring new market opportunities to capitalize on this growth potential.
Indirect Procurement BPO Market Size in (USD Billion) CAGR Growth Rate 9%
| Study Period |
2019-2030 |
| Market Size (2023): |
35Billion |
| Market Size (2030): |
55Billion |
| CAGR (2023 - 2030): |
9% |
| Fastest Growing Region |
North America |
| Dominating Region |
Europe |
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Indirect procurement BPO (Business Process Outsourcing) involves outsourcing procurement activities related to non-core business operations, such as office supplies, IT services, and maintenance. These services help companies optimize costs, manage suppliers, and streamline procurement processes. The market is driven by the increasing complexity of supply chains and the need for organizations to focus on core activities while outsourcing other procurement tasks.
Regulatory Framework
The Information and Communications Technology (ICT) industry is primarily regulated by the Federal Communications Commission (FCC) in the United States, along with other national and international regulatory bodies. The FCC oversees the allocation of spectrum, ensures compliance with telecommunications laws, and fosters fair competition within the sector. It also establishes guidelines for data privacy, cybersecurity, and service accessibility, which are crucial for maintaining industry standards and protecting consumer interests.
Globally, various regulatory agencies, such as the European Telecommunications Standards Institute (ETSI) and the International Telecommunication Union (ITU), play significant roles in standardizing practices and facilitating international cooperation. These bodies work together to create a cohesive regulatory framework that addresses emerging technologies, cross-border data flow, and infrastructure development. Their regulations aim to ensure the ICT industry's growth is both innovative and compliant with global standards, promoting a secure and competitive market environment.
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Key Highlights
• The Indirect Procurement BPO is growing at a CAGR of 9% during the forecasted period of 2019 to 2030
• Year on Year growth for the market is 8%
• Based on type, the market is bifurcated into Outsourcing Services, Procurement Automation, Vendor Management, Spend Analysis
• Based on application, the market is segmented into Supply chain management, Cost reduction, Procurement management, Vendor management, Financial services
• Global Import Export in terms of K Tons, K Units, and Metric Tons will be provided if Applicable based on industry best practice
Market Segmentation Analysis
Segmentation by Type
- Outsourcing Services
- Procurement Automation
- Vendor Management
- Spend Analysis
Indirect Procurement BPO Market Segmentation by Type
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Segmentation by Application
- Supply chain management
- Cost reduction
- Procurement management
- Vendor management
- Financial services
Indirect Procurement BPO Market Segmentation by Application
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Key Players
Several key players in the Indirect Procurement BPO market are strategically focusing on expanding their operations in developing regions to capture a larger market share, particularly as the year-on-year growth rate for the market stands at 8%. The companies featured in this profile were selected based on insights from primary experts, evaluating their market penetration, product offerings, and geographical reach. By targeting emerging markets, these companies aim to leverage new opportunities, enhance their competitive advantage, and drive revenue growth. This approach not only aligns with their overall business objectives but also positions them to respond effectively to the evolving demands of consumers in these regions.
- Accenture
- IBM
- Capgemini
- Wipro
- Genpact
- Infosys
- Tata Consultancy Services
- Cognizant
- Xchanging
- Proxima Group
- GEP Worldwide
- Ivalua
- SAP Ariba
- SynerTrade
Indirect Procurement BPO Market Segmentation by Players
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Research Methodology
At HTF Market Intelligence, we pride ourselves on delivering comprehensive market research that combines both secondary and primary methodologies. Our secondary research involves rigorous analysis of existing data sources, such as industry reports, market databases, and competitive landscapes, to provide a robust foundation of market knowledge. This is complemented by our primary research services, where we gather firsthand data through surveys, interviews, and focus groups tailored specifically to your business needs. By integrating these approaches, we offer a thorough understanding of market trends, consumer behavior, and competitive dynamics, enabling you to make well-informed strategic decisions. We would welcome the opportunity to discuss how our research expertise can support your business objectives.
Market Dynamics
Market dynamics refer to the forces that influence the supply and demand of products and services within a market. These forces include factors such as consumer preferences, technological advancements, regulatory changes, economic conditions, and competitive actions. Understanding market dynamics is crucial for businesses as it helps them anticipate changes, identify opportunities, and mitigate risks.
By analyzing market dynamics, companies can better understand market trends, predict potential shifts, and develop strategic responses. This analysis enables businesses to align their product offerings, pricing strategies, and marketing efforts with evolving market conditions, ultimately leading to more informed decision-making and a stronger competitive position in the marketplace.
Market Driver
Market Trend
- Adoption of AI and automation
- cloud-based solutions
Opportunity
Challenge
- Security Concerns
- Complexity In Integration
Regional Outlook
The Europe Region holds the largest market share in 2023 and is expected to grow at a good CAGR. The North America Region is the fastest-growing region due to increasing development and disposable income.
North America remains a leader, driven by innovation hubs like Silicon Valley and a strong demand for advanced technologies such as AI and cloud computing. Europe is characterized by robust regulatory frameworks and significant investments in digital transformation across sectors. Asia-Pacific is experiencing rapid growth, led by major markets like China and India, where increasing digital adoption and governmental initiatives are propelling ICT advancements.
The Middle East and Africa are witnessing steady expansion, driven by infrastructure development and growing internet penetration. Latin America and South America present emerging opportunities, with rising investments in digital infrastructure, though challenges like economic instability can impact growth. These regional differences highlight the need for tailored strategies in the global ICT market.
Regions
- North America
- LATAM
- West Europe
- Central & Eastern Europe
- Northern Europe
- Southern Europe
- East Asia
- Southeast Asia
- South Asia
- Central Asia
- Oceania
- MEA
Fastest Growing Region
North America
Dominating Region
Europe
|
Report Features
|
Details
|
|
Base Year
|
2023
|
|
Based Year Market Size (2023)
|
35Billion
|
|
Historical Period Market Size (2019)
|
28Billion
|
|
CAGR (2023 to 2030)
|
9%
|
|
Forecast Period
|
2025 to 2030
|
|
Forecasted Period Market Size (2030)
|
55Billion
|
|
Scope of the Report
|
Outsourcing Services, Procurement Automation, Vendor Management, Spend Analysis, Supply chain management, Cost reduction, Procurement management, Vendor management, Financial services
|
|
Regions Covered
|
North America, Europe, Asia Pacific, South America, and MEA
|
|
Year on Year Growth
|
8%
|
|
Companies Covered
|
Accenture, IBM, Capgemini, Wipro, Genpact, Infosys, Tata Consultancy Services, Cognizant, Xchanging, Proxima Group, GEP Worldwide, Ivalua, SAP Ariba, SynerTrade
|
|
Customization Scope
|
15% Free Customization (For EG)
|
|
Delivery Format
|
PDF and Excel through Email
|
Indirect Procurement BPO - Table of Contents
Chapter 1: Market Preface
- 1.1 Global Indirect Procurement BPO Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 Global Indirect Procurement BPO Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : Global Indirect Procurement BPO Market Business Environment & Changing Dynamics
-
3.1 Growth Drivers
- 3.1.1 Growth in BPO adoption
-
3.2 Available Opportunities
- 3.2.1 Growth in BPO adoption
- 3.2.2 increase in outsourcing of non-strategic procurement
-
3.3 Influencing Trends
- 3.3.1 Adoption of AI and automation
- 3.3.2 cloud-based solutions
- 3.3.3 vendor management platforms
-
3.4 Challenges
- 3.4.1 Security concerns
- 3.4.2 complexity in integration
- 3.4.3 supplier dependency
- 3.5 Regional Dynamics
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Chapter 4 : Global Indirect Procurement BPO Industry Factors Assessment
- 4.1 Current Scenario
- 4.2 PEST Analysis
- 4.3 Business Environment - PORTER 5-Forces Analysis
- 4.3.1 Supplier Leverage
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of Substitutes
- 4.3.4 Threat from New Entrant
- 4.3.5 Market Competition Level
- 4.4 Roadmap of Indirect Procurement BPO Market
- 4.5 Impact of Macro-Economic Factors
- 4.6 Market Entry Strategies
- 4.7 Political and Regulatory Landscape
- 4.8 Supply Chain Analysis
- 4.9 Impact of Tariff War
Chapter 5: Indirect Procurement BPO : Competition Benchmarking & Performance Evaluation
- 5.1 Global Indirect Procurement BPO Market Concentration Ratio
- 5.1.1 CR4, CR8 and HH Index
- 5.1.2 % Market Share - Top 3
- 5.1.3 Market Holding by Top 5
- 5.2 Market Position of Manufacturers by Indirect Procurement BPO Revenue 2023
- 5.3 BCG Matrix
- 5.3 Market Entropy
- 5.4 5C’s Analysis
- 5.5 Ansoff Matrix
Chapter 6: Global Indirect Procurement BPO Market: Company Profiles
- 6.1 Accenture
- 6.1.1 Accenture Company Overview
- 6.1.2 Accenture Product/Service Portfolio & Specifications
- 6.1.3 Accenture Key Financial Metrics
- 6.1.4 Accenture SWOT Analysis
- 6.1.5 Accenture Development Activities
- 6.2 IBM
- 6.3 Capgemini
- 6.4 Wipro
- 6.5 Genpact
- 6.6 Infosys
- 6.7 Tata Consultancy Services
- 6.8 Cognizant
- 6.9 Xchanging
- 6.10 Proxima Group
- 6.11 GEP Worldwide
- 6.12 Ivalua
- 6.13 SAP Ariba
- 6.14 SynerTrade
- 6.15 Zycus
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Chapter 7 : Global Indirect Procurement BPO by Type & Application (2019-2030)
-
7.1 Global Indirect Procurement BPO Market Revenue Analysis (USD Million) by Type (2019-2023)
- 7.1.1 Outsourcing Services
- 7.1.2 Procurement Automation
- 7.1.3 Vendor Management
- 7.1.4 Spend Analysis
- 7.1.5 Strategic Sourcing
-
7.2 Global Indirect Procurement BPO Market Revenue Analysis (USD Million) by Application (2019-2023)
- 7.2.1 Supply Chain Management
- 7.2.2 Cost Reduction
- 7.2.3 Procurement Management
- 7.2.4 Vendor Management
- 7.2.5 Financial Services
-
7.3 Global Indirect Procurement BPO Market Revenue Analysis (USD Million) by Type (2023-2030)
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7.4 Global Indirect Procurement BPO Market Revenue Analysis (USD Million) by Application (2023-2030)
Chapter 8 : North America Indirect Procurement BPO Market Breakdown by Country, Type & Application
- 8.1 North America Indirect Procurement BPO Market by Country (USD Million) [2019-2023]
- 8.1.1 United States
- 8.1.2 Canada
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8.2 North America Indirect Procurement BPO Market by Type (USD Million) [2019-2023]
- 8.2.1 Outsourcing Services
- 8.2.2 Procurement Automation
- 8.2.3 Vendor Management
- 8.2.4 Spend Analysis
- 8.2.5 Strategic Sourcing
-
8.3 North America Indirect Procurement BPO Market by Application (USD Million) [2019-2023]
- 8.3.1 Supply Chain Management
- 8.3.2 Cost Reduction
- 8.3.3 Procurement Management
- 8.3.4 Vendor Management
- 8.3.5 Financial Services
- 8.4 North America Indirect Procurement BPO Market by Country (USD Million) [2024-2030]
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8.5 North America Indirect Procurement BPO Market by Type (USD Million) [2024-2030]
-
8.6 North America Indirect Procurement BPO Market by Application (USD Million) [2024-2030]
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Chapter 9 : LATAM Indirect Procurement BPO Market Breakdown by Country, Type & Application
- 9.1 LATAM Indirect Procurement BPO Market by Country (USD Million) [2019-2023]
- 9.1.1 Brazil
- 9.1.2 Argentina
- 9.1.3 Chile
- 9.1.4 Mexico
- 9.1.5 Rest of LATAM
-
9.2 LATAM Indirect Procurement BPO Market by Type (USD Million) [2019-2023]
- 9.2.1 Outsourcing Services
- 9.2.2 Procurement Automation
- 9.2.3 Vendor Management
- 9.2.4 Spend Analysis
- 9.2.5 Strategic Sourcing
-
9.3 LATAM Indirect Procurement BPO Market by Application (USD Million) [2019-2023]
- 9.3.1 Supply Chain Management
- 9.3.2 Cost Reduction
- 9.3.3 Procurement Management
- 9.3.4 Vendor Management
- 9.3.5 Financial Services
- 9.4 LATAM Indirect Procurement BPO Market by Country (USD Million) [2024-2030]
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9.5 LATAM Indirect Procurement BPO Market by Type (USD Million) [2024-2030]
-
9.6 LATAM Indirect Procurement BPO Market by Application (USD Million) [2024-2030]
Chapter 10 : West Europe Indirect Procurement BPO Market Breakdown by Country, Type & Application
- 10.1 West Europe Indirect Procurement BPO Market by Country (USD Million) [2019-2023]
- 10.1.1 Germany
- 10.1.2 France
- 10.1.3 Benelux
- 10.1.4 Switzerland
- 10.1.5 Rest of West Europe
-
10.2 West Europe Indirect Procurement BPO Market by Type (USD Million) [2019-2023]
- 10.2.1 Outsourcing Services
- 10.2.2 Procurement Automation
- 10.2.3 Vendor Management
- 10.2.4 Spend Analysis
- 10.2.5 Strategic Sourcing
-
10.3 West Europe Indirect Procurement BPO Market by Application (USD Million) [2019-2023]
- 10.3.1 Supply Chain Management
- 10.3.2 Cost Reduction
- 10.3.3 Procurement Management
- 10.3.4 Vendor Management
- 10.3.5 Financial Services
- 10.4 West Europe Indirect Procurement BPO Market by Country (USD Million) [2024-2030]
-
10.5 West Europe Indirect Procurement BPO Market by Type (USD Million) [2024-2030]
-
10.6 West Europe Indirect Procurement BPO Market by Application (USD Million) [2024-2030]
Chapter 11 : Central & Eastern Europe Indirect Procurement BPO Market Breakdown by Country, Type & Application
- 11.1 Central & Eastern Europe Indirect Procurement BPO Market by Country (USD Million) [2019-2023]
- 11.1.1 Bulgaria
- 11.1.2 Poland
- 11.1.3 Hungary
- 11.1.4 Romania
- 11.1.5 Rest of CEE
-
11.2 Central & Eastern Europe Indirect Procurement BPO Market by Type (USD Million) [2019-2023]
- 11.2.1 Outsourcing Services
- 11.2.2 Procurement Automation
- 11.2.3 Vendor Management
- 11.2.4 Spend Analysis
- 11.2.5 Strategic Sourcing
-
11.3 Central & Eastern Europe Indirect Procurement BPO Market by Application (USD Million) [2019-2023]
- 11.3.1 Supply Chain Management
- 11.3.2 Cost Reduction
- 11.3.3 Procurement Management
- 11.3.4 Vendor Management
- 11.3.5 Financial Services
- 11.4 Central & Eastern Europe Indirect Procurement BPO Market by Country (USD Million) [2024-2030]
-
11.5 Central & Eastern Europe Indirect Procurement BPO Market by Type (USD Million) [2024-2030]
-
11.6 Central & Eastern Europe Indirect Procurement BPO Market by Application (USD Million) [2024-2030]
Chapter 12 : Northern Europe Indirect Procurement BPO Market Breakdown by Country, Type & Application
- 12.1 Northern Europe Indirect Procurement BPO Market by Country (USD Million) [2019-2023]
- 12.1.1 The United Kingdom
- 12.1.2 Sweden
- 12.1.3 Norway
- 12.1.4 Baltics
- 12.1.5 Ireland
- 12.1.6 Rest of Northern Europe
-
12.2 Northern Europe Indirect Procurement BPO Market by Type (USD Million) [2019-2023]
- 12.2.1 Outsourcing Services
- 12.2.2 Procurement Automation
- 12.2.3 Vendor Management
- 12.2.4 Spend Analysis
- 12.2.5 Strategic Sourcing
-
12.3 Northern Europe Indirect Procurement BPO Market by Application (USD Million) [2019-2023]
- 12.3.1 Supply Chain Management
- 12.3.2 Cost Reduction
- 12.3.3 Procurement Management
- 12.3.4 Vendor Management
- 12.3.5 Financial Services
- 12.4 Northern Europe Indirect Procurement BPO Market by Country (USD Million) [2024-2030]
-
12.5 Northern Europe Indirect Procurement BPO Market by Type (USD Million) [2024-2030]
-
12.6 Northern Europe Indirect Procurement BPO Market by Application (USD Million) [2024-2030]
Chapter 13 : Southern Europe Indirect Procurement BPO Market Breakdown by Country, Type & Application
- 13.1 Southern Europe Indirect Procurement BPO Market by Country (USD Million) [2019-2023]
- 13.1.1 Spain
- 13.1.2 Italy
- 13.1.3 Portugal
- 13.1.4 Greece
- 13.1.5 Rest of Southern Europe
-
13.2 Southern Europe Indirect Procurement BPO Market by Type (USD Million) [2019-2023]
- 13.2.1 Outsourcing Services
- 13.2.2 Procurement Automation
- 13.2.3 Vendor Management
- 13.2.4 Spend Analysis
- 13.2.5 Strategic Sourcing
-
13.3 Southern Europe Indirect Procurement BPO Market by Application (USD Million) [2019-2023]
- 13.3.1 Supply Chain Management
- 13.3.2 Cost Reduction
- 13.3.3 Procurement Management
- 13.3.4 Vendor Management
- 13.3.5 Financial Services
- 13.4 Southern Europe Indirect Procurement BPO Market by Country (USD Million) [2024-2030]
-
13.5 Southern Europe Indirect Procurement BPO Market by Type (USD Million) [2024-2030]
-
13.6 Southern Europe Indirect Procurement BPO Market by Application (USD Million) [2024-2030]
Chapter 14 : East Asia Indirect Procurement BPO Market Breakdown by Country, Type & Application
- 14.1 East Asia Indirect Procurement BPO Market by Country (USD Million) [2019-2023]
- 14.1.1 China
- 14.1.2 Japan
- 14.1.3 South Korea
- 14.1.4 Taiwan
- 14.1.5 Others
-
14.2 East Asia Indirect Procurement BPO Market by Type (USD Million) [2019-2023]
- 14.2.1 Outsourcing Services
- 14.2.2 Procurement Automation
- 14.2.3 Vendor Management
- 14.2.4 Spend Analysis
- 14.2.5 Strategic Sourcing
-
14.3 East Asia Indirect Procurement BPO Market by Application (USD Million) [2019-2023]
- 14.3.1 Supply Chain Management
- 14.3.2 Cost Reduction
- 14.3.3 Procurement Management
- 14.3.4 Vendor Management
- 14.3.5 Financial Services
- 14.4 East Asia Indirect Procurement BPO Market by Country (USD Million) [2024-2030]
-
14.5 East Asia Indirect Procurement BPO Market by Type (USD Million) [2024-2030]
-
14.6 East Asia Indirect Procurement BPO Market by Application (USD Million) [2024-2030]
Chapter 15 : Southeast Asia Indirect Procurement BPO Market Breakdown by Country, Type & Application
- 15.1 Southeast Asia Indirect Procurement BPO Market by Country (USD Million) [2019-2023]
- 15.1.1 Vietnam
- 15.1.2 Singapore
- 15.1.3 Thailand
- 15.1.4 Malaysia
- 15.1.5 Indonesia
- 15.1.6 Philippines
- 15.1.7 Rest of SEA Countries
-
15.2 Southeast Asia Indirect Procurement BPO Market by Type (USD Million) [2019-2023]
- 15.2.1 Outsourcing Services
- 15.2.2 Procurement Automation
- 15.2.3 Vendor Management
- 15.2.4 Spend Analysis
- 15.2.5 Strategic Sourcing
-
15.3 Southeast Asia Indirect Procurement BPO Market by Application (USD Million) [2019-2023]
- 15.3.1 Supply Chain Management
- 15.3.2 Cost Reduction
- 15.3.3 Procurement Management
- 15.3.4 Vendor Management
- 15.3.5 Financial Services
- 15.4 Southeast Asia Indirect Procurement BPO Market by Country (USD Million) [2024-2030]
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15.5 Southeast Asia Indirect Procurement BPO Market by Type (USD Million) [2024-2030]
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15.6 Southeast Asia Indirect Procurement BPO Market by Application (USD Million) [2024-2030]
Chapter 16 : South Asia Indirect Procurement BPO Market Breakdown by Country, Type & Application
- 16.1 South Asia Indirect Procurement BPO Market by Country (USD Million) [2019-2023]
- 16.1.1 India
- 16.1.2 Bangladesh
- 16.1.3 Others
-
16.2 South Asia Indirect Procurement BPO Market by Type (USD Million) [2019-2023]
- 16.2.1 Outsourcing Services
- 16.2.2 Procurement Automation
- 16.2.3 Vendor Management
- 16.2.4 Spend Analysis
- 16.2.5 Strategic Sourcing
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16.3 South Asia Indirect Procurement BPO Market by Application (USD Million) [2019-2023]
- 16.3.1 Supply Chain Management
- 16.3.2 Cost Reduction
- 16.3.3 Procurement Management
- 16.3.4 Vendor Management
- 16.3.5 Financial Services
- 16.4 South Asia Indirect Procurement BPO Market by Country (USD Million) [2024-2030]
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16.5 South Asia Indirect Procurement BPO Market by Type (USD Million) [2024-2030]
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16.6 South Asia Indirect Procurement BPO Market by Application (USD Million) [2024-2030]
Chapter 17 : Central Asia Indirect Procurement BPO Market Breakdown by Country, Type & Application
- 17.1 Central Asia Indirect Procurement BPO Market by Country (USD Million) [2019-2023]
- 17.1.1 Kazakhstan
- 17.1.2 Tajikistan
- 17.1.3 Others
-
17.2 Central Asia Indirect Procurement BPO Market by Type (USD Million) [2019-2023]
- 17.2.1 Outsourcing Services
- 17.2.2 Procurement Automation
- 17.2.3 Vendor Management
- 17.2.4 Spend Analysis
- 17.2.5 Strategic Sourcing
-
17.3 Central Asia Indirect Procurement BPO Market by Application (USD Million) [2019-2023]
- 17.3.1 Supply Chain Management
- 17.3.2 Cost Reduction
- 17.3.3 Procurement Management
- 17.3.4 Vendor Management
- 17.3.5 Financial Services
- 17.4 Central Asia Indirect Procurement BPO Market by Country (USD Million) [2024-2030]
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17.5 Central Asia Indirect Procurement BPO Market by Type (USD Million) [2024-2030]
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17.6 Central Asia Indirect Procurement BPO Market by Application (USD Million) [2024-2030]
Chapter 18 : Oceania Indirect Procurement BPO Market Breakdown by Country, Type & Application
- 18.1 Oceania Indirect Procurement BPO Market by Country (USD Million) [2019-2023]
- 18.1.1 Australia
- 18.1.2 New Zealand
- 18.1.3 Others
-
18.2 Oceania Indirect Procurement BPO Market by Type (USD Million) [2019-2023]
- 18.2.1 Outsourcing Services
- 18.2.2 Procurement Automation
- 18.2.3 Vendor Management
- 18.2.4 Spend Analysis
- 18.2.5 Strategic Sourcing
-
18.3 Oceania Indirect Procurement BPO Market by Application (USD Million) [2019-2023]
- 18.3.1 Supply Chain Management
- 18.3.2 Cost Reduction
- 18.3.3 Procurement Management
- 18.3.4 Vendor Management
- 18.3.5 Financial Services
- 18.4 Oceania Indirect Procurement BPO Market by Country (USD Million) [2024-2030]
-
18.5 Oceania Indirect Procurement BPO Market by Type (USD Million) [2024-2030]
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18.6 Oceania Indirect Procurement BPO Market by Application (USD Million) [2024-2030]
Chapter 19 : MEA Indirect Procurement BPO Market Breakdown by Country, Type & Application
- 19.1 MEA Indirect Procurement BPO Market by Country (USD Million) [2019-2023]
- 19.1.1 Turkey
- 19.1.2 South Africa
- 19.1.3 Egypt
- 19.1.4 UAE
- 19.1.5 Saudi Arabia
- 19.1.6 Israel
- 19.1.7 Rest of MEA
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19.2 MEA Indirect Procurement BPO Market by Type (USD Million) [2019-2023]
- 19.2.1 Outsourcing Services
- 19.2.2 Procurement Automation
- 19.2.3 Vendor Management
- 19.2.4 Spend Analysis
- 19.2.5 Strategic Sourcing
-
19.3 MEA Indirect Procurement BPO Market by Application (USD Million) [2019-2023]
- 19.3.1 Supply Chain Management
- 19.3.2 Cost Reduction
- 19.3.3 Procurement Management
- 19.3.4 Vendor Management
- 19.3.5 Financial Services
- 19.4 MEA Indirect Procurement BPO Market by Country (USD Million) [2024-2030]
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19.5 MEA Indirect Procurement BPO Market by Type (USD Million) [2024-2030]
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19.6 MEA Indirect Procurement BPO Market by Application (USD Million) [2024-2030]
Chapter 20: Research Findings & Conclusion
- 20.1 Key Findings
- 20.2 Conclusion
Chapter 21: Methodology and Data Source
-
21.1 Research Methodology & Approach
- 21.1.1 Research Program/Design
- 21.1.2 Market Size Estimation
- 21.1.3 Market Breakdown and Data Triangulation
-
21.2 Data Source
- 21.2.1 Secondary Sources
- 21.2.2 Primary Sources
Chapter 22: Appendix & Disclaimer
- 22.1 Acronyms & bibliography
- 22.2 Disclaimer
Frequently Asked Questions (FAQ):
The Global Indirect Procurement BPO market is estimated to see a CAGR of 9% and may reach an estimated market size of 9% 55 Billion by 2030.
The Indirect Procurement BPO Market is estimated to grow at a CAGR of 9%, currently pegged at 35 Billion.
Some of the prominent trends that are influencing and driving the growth of Global Indirect Procurement BPO Market are Adoption Of AI And Automation, Cloud-based Solutions, Vendor Management Platforms
The leaders in the Global Indirect Procurement BPO Market such as Accenture, IBM, Capgemini, Wipro, Genpact, Infosys, Tata Consultancy Services, Cognizant, Xchanging, Proxima Group, GEP Worldwide, Ivalua, SAP Ariba, SynerTrade, Zycus are targeting innovative and differentiated growth drivers some of them are Growth In BPO Adoption, Increase In Outsourcing Of Non-strategic Procurement
Some of the major roadblocks that industry players have identified are Security Concerns, Complexity In Integration, Supplier Dependency.
Some of the opportunities that Analyst at HTF MI have identified in Indirect Procurement BPO Market are:
- Growth In BPO Adoption
- Increase In Outsourcing Of Non-strategic Procurement
New entrants, including competitors from unrelated industries along with players such as Accenture, IBM, Capgemini, Wipro, Genpact, Infosys, Tata Consultancy Services, Cognizant, Xchanging, Proxima Group, GEP Worldwide, Ivalua, SAP Ariba, SynerTrade, Zycus Instituting a robust process in Global Indirect Procurement BPO Market.
The Global Indirect Procurement BPO Market Study is Broken down by applications such as Supply chain management, Cost reduction, Procurement management, Vendor management, Financial services.
The Global Indirect Procurement BPO Market Study is segmented by Outsourcing Services, Procurement Automation, Vendor Management, Spend Analysis, Strategic Sourcing.
The Global Indirect Procurement BPO Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA
Historical Year: 2019 - 2023; Base year: 2023; Forecast period: 2025 to 2030
Indirect procurement BPO (Business Process Outsourcing) involves outsourcing procurement activities related to non-core business operations, such as office supplies, IT services, and maintenance. These services help companies optimize costs, manage suppliers, and streamline procurement processes. The market is driven by the increasing complexity of supply chains and the need for organizations to focus on core activities while outsourcing other procurement tasks.
