Europe 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

The Europe Procurement Outsourcing Market would witness market growth of 10.3% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Procurement Outsourcing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $799.3 million by 2031. The UK market is exhibiting a CAGR of 9.4% during (2024 - 2031). Additionally, The France market would experience a CAGR of 11.2% during (2024 - 2031).

External procurement providers often have specialized knowledge of regulatory requirements across different markets. This expertise ensures that organizations comply with local laws, industry regulations, and sustainability standards, which can be complex and resource-intensive to manage in-house. Outsourcing procurement functions can lead to a culture of innovation, as external providers are often equipped with the latest market insights and technologies. Organizations can remain abreast of industry trends and rivalry by implementing continuous improvement initiatives.

Procurement outsourcing providers typically have a vast network and resources to gather market intelligence. This access enables organizations to make informed decisions based on real-time data, emerging market trends, and supplier capabilities. Outsourcing allows for developing tailored procurement strategies that align with an organization’s specific business objectives and market conditions. This customization can include niche sourcing strategies for specialized categories or tailored supplier engagement approaches.

Telecom companies in the UK operate in a highly regulated environment, with stringent data security and privacy standards. Procurement outsourcing firms have the expertise to navigate these regulatory landscapes, ensuring that all acquisitions comply with national and international standards. This reduces non-compliance risk and associated penalties, providing telecom companies peace of mind.

Outsourcing procurement can foster innovation in the telecom sector by facilitating access to the latest technologies and solutions. Specialized procurement firms stay abreast of industry trends and emerging technologies, ensuring that telecom companies are equipped with the most advanced tools. This access to innovation is crucial for maintaining a competitive edge. Thus, the high number of digital businesses and the expansion of the region's healthcare sector are driving the market's growth.

Free Valuable Insights: The Global Procurement Outsourcing Market will Hit USD 12.5 Billion by 2031, at a CAGR of 10.7%

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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

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

Europe 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

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Procurement Outsourcing Market, by Component
1.4.2 Europe Procurement Outsourcing Market, by Deployment
1.4.3 Europe Procurement Outsourcing Market, by Industry Vertical
1.4.4 Europe Procurement Outsourcing Market, by Organization Size
1.4.5 Europe 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. Europe Procurement Outsourcing Market by Component
5.1 Europe Services Market by Country
5.2 Europe Solutions Market by Country

Chapter 6. Europe Procurement Outsourcing Market by Deployment
6.1 Europe Cloud Market by Country
6.2 Europe On-Premise Market by Country

Chapter 7. Europe Procurement Outsourcing Market by Industry Vertical
7.1 Europe BFSI Market by Country
7.2 Europe IT & Telecommunication Market by Country
7.3 Europe Healthcare Market by Country

Chapter 8. Europe Procurement Outsourcing Market by Organization Size
8.1 Europe Large Enterprises Market by Country
8.2 Europe Small and Medium-sized Enterprises (SMEs) Market by Country

Chapter 9. Europe Procurement Outsourcing Market by Country
9.1 Germany Procurement Outsourcing Market
9.1.1 Germany Procurement Outsourcing Market by Component
9.1.2 Germany Procurement Outsourcing Market by Deployment
9.1.3 Germany Procurement Outsourcing Market by Industry Vertical
9.1.4 Germany Procurement Outsourcing Market by Organization Size
9.2 UK Procurement Outsourcing Market
9.2.1 UK Procurement Outsourcing Market by Component
9.2.2 UK Procurement Outsourcing Market by Deployment
9.2.3 UK Procurement Outsourcing Market by Industry Vertical
9.2.4 UK Procurement Outsourcing Market by Organization Size
9.3 France Procurement Outsourcing Market
9.3.1 France Procurement Outsourcing Market by Component
9.3.2 France Procurement Outsourcing Market by Deployment
9.3.3 France Procurement Outsourcing Market by Industry Vertical
9.3.4 France Procurement Outsourcing Market by Organization Size
9.4 Russia Procurement Outsourcing Market
9.4.1 Russia Procurement Outsourcing Market by Component
9.4.2 Russia Procurement Outsourcing Market by Deployment
9.4.3 Russia Procurement Outsourcing Market by Industry Vertical
9.4.4 Russia Procurement Outsourcing Market by Organization Size
9.5 Spain Procurement Outsourcing Market
9.5.1 Spain Procurement Outsourcing Market by Component
9.5.2 Spain Procurement Outsourcing Market by Deployment
9.5.3 Spain Procurement Outsourcing Market by Industry Vertical
9.5.4 Spain Procurement Outsourcing Market by Organization Size
9.6 Italy Procurement Outsourcing Market
9.6.1 Italy Procurement Outsourcing Market by Component
9.6.2 Italy Procurement Outsourcing Market by Deployment
9.6.3 Italy Procurement Outsourcing Market by Industry Vertical
9.6.4 Italy Procurement Outsourcing Market by Organization Size
9.7 Rest of Europe Procurement Outsourcing Market
9.7.1 Rest of Europe Procurement Outsourcing Market by Component
9.7.2 Rest of Europe Procurement Outsourcing Market by Deployment
9.7.3 Rest of Europe Procurement Outsourcing Market by Industry Vertical
9.7.4 Rest of Europe 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

TABLE 1 Europe Procurement Outsourcing Market, 2020 - 2023, USD Million
TABLE 2 Europe 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 Europe Procurement Outsourcing Market by Component, 2020 - 2023, USD Million
TABLE 7 Europe Procurement Outsourcing Market by Component, 2024 - 2031, USD Million
TABLE 8 Europe Services Market by Country, 2020 - 2023, USD Million
TABLE 9 Europe Services Market by Country, 2024 - 2031, USD Million
TABLE 10 Europe Solutions Market by Country, 2020 - 2023, USD Million
TABLE 11 Europe Solutions Market by Country, 2024 - 2031, USD Million
TABLE 12 Europe Procurement Outsourcing Market by Deployment, 2020 - 2023, USD Million
TABLE 13 Europe Procurement Outsourcing Market by Deployment, 2024 - 2031, USD Million
TABLE 14 Europe Cloud Market by Country, 2020 - 2023, USD Million
TABLE 15 Europe Cloud Market by Country, 2024 - 2031, USD Million
TABLE 16 Europe On-Premise Market by Country, 2020 - 2023, USD Million
TABLE 17 Europe On-Premise Market by Country, 2024 - 2031, USD Million
TABLE 18 Europe Procurement Outsourcing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 19 Europe Procurement Outsourcing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 20 Europe BFSI Market by Country, 2020 - 2023, USD Million
TABLE 21 Europe BFSI Market by Country, 2024 - 2031, USD Million
TABLE 22 Europe IT & Telecommunication Market by Country, 2020 - 2023, USD Million
TABLE 23 Europe IT & Telecommunication Market by Country, 2024 - 2031, USD Million
TABLE 24 Europe Healthcare Market by Country, 2020 - 2023, USD Million
TABLE 25 Europe Healthcare Market by Country, 2024 - 2031, USD Million
TABLE 26 Europe Procurement Outsourcing Market by Organization Size, 2020 - 2023, USD Million
TABLE 27 Europe Procurement Outsourcing Market by Organization Size, 2024 - 2031, USD Million
TABLE 28 Europe Large Enterprises Market by Country, 2020 - 2023, USD Million
TABLE 29 Europe Large Enterprises Market by Country, 2024 - 2031, USD Million
TABLE 30 Europe Small and Medium-sized Enterprises (SMEs) Market by Country, 2020 - 2023, USD Million
TABLE 31 Europe Small and Medium-sized Enterprises (SMEs) Market by Country, 2024 - 2031, USD Million
TABLE 32 Europe Procurement Outsourcing Market by Country, 2020 - 2023, USD Million
TABLE 33 Europe Procurement Outsourcing Market by Country, 2024 - 2031, USD Million
TABLE 34 Germany Procurement Outsourcing Market, 2020 - 2023, USD Million
TABLE 35 Germany Procurement Outsourcing Market, 2024 - 2031, USD Million
TABLE 36 Germany Procurement Outsourcing Market by Component, 2020 - 2023, USD Million
TABLE 37 Germany Procurement Outsourcing Market by Component, 2024 - 2031, USD Million
TABLE 38 Germany Procurement Outsourcing Market by Deployment, 2020 - 2023, USD Million
TABLE 39 Germany Procurement Outsourcing Market by Deployment, 2024 - 2031, USD Million
TABLE 40 Germany Procurement Outsourcing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 41 Germany Procurement Outsourcing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 42 Germany Procurement Outsourcing Market by Organization Size, 2020 - 2023, USD Million
TABLE 43 Germany Procurement Outsourcing Market by Organization Size, 2024 - 2031, USD Million
TABLE 44 UK Procurement Outsourcing Market, 2020 - 2023, USD Million
TABLE 45 UK Procurement Outsourcing Market, 2024 - 2031, USD Million
TABLE 46 UK Procurement Outsourcing Market by Component, 2020 - 2023, USD Million
TABLE 47 UK Procurement Outsourcing Market by Component, 2024 - 2031, USD Million
TABLE 48 UK Procurement Outsourcing Market by Deployment, 2020 - 2023, USD Million
TABLE 49 UK Procurement Outsourcing Market by Deployment, 2024 - 2031, USD Million
TABLE 50 UK Procurement Outsourcing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 51 UK Procurement Outsourcing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 52 UK Procurement Outsourcing Market by Organization Size, 2020 - 2023, USD Million
TABLE 53 UK Procurement Outsourcing Market by Organization Size, 2024 - 2031, USD Million
TABLE 54 France Procurement Outsourcing Market, 2020 - 2023, USD Million
TABLE 55 France Procurement Outsourcing Market, 2024 - 2031, USD Million
TABLE 56 France Procurement Outsourcing Market by Component, 2020 - 2023, USD Million
TABLE 57 France Procurement Outsourcing Market by Component, 2024 - 2031, USD Million
TABLE 58 France Procurement Outsourcing Market by Deployment, 2020 - 2023, USD Million
TABLE 59 France Procurement Outsourcing Market by Deployment, 2024 - 2031, USD Million
TABLE 60 France Procurement Outsourcing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 61 France Procurement Outsourcing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 62 France Procurement Outsourcing Market by Organization Size, 2020 - 2023, USD Million
TABLE 63 France Procurement Outsourcing Market by Organization Size, 2024 - 2031, USD Million
TABLE 64 Russia Procurement Outsourcing Market, 2020 - 2023, USD Million
TABLE 65 Russia Procurement Outsourcing Market, 2024 - 2031, USD Million
TABLE 66 Russia Procurement Outsourcing Market by Component, 2020 - 2023, USD Million
TABLE 67 Russia Procurement Outsourcing Market by Component, 2024 - 2031, USD Million
TABLE 68 Russia Procurement Outsourcing Market by Deployment, 2020 - 2023, USD Million
TABLE 69 Russia Procurement Outsourcing Market by Deployment, 2024 - 2031, USD Million
TABLE 70 Russia Procurement Outsourcing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 71 Russia Procurement Outsourcing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 72 Russia Procurement Outsourcing Market by Organization Size, 2020 - 2023, USD Million
TABLE 73 Russia Procurement Outsourcing Market by Organization Size, 2024 - 2031, USD Million
TABLE 74 Spain Procurement Outsourcing Market, 2020 - 2023, USD Million
TABLE 75 Spain Procurement Outsourcing Market, 2024 - 2031, USD Million
TABLE 76 Spain Procurement Outsourcing Market by Component, 2020 - 2023, USD Million
TABLE 77 Spain Procurement Outsourcing Market by Component, 2024 - 2031, USD Million
TABLE 78 Spain Procurement Outsourcing Market by Deployment, 2020 - 2023, USD Million
TABLE 79 Spain Procurement Outsourcing Market by Deployment, 2024 - 2031, USD Million
TABLE 80 Spain Procurement Outsourcing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 81 Spain Procurement Outsourcing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 82 Spain Procurement Outsourcing Market by Organization Size, 2020 - 2023, USD Million
TABLE 83 Spain Procurement Outsourcing Market by Organization Size, 2024 - 2031, USD Million
TABLE 84 Italy Procurement Outsourcing Market, 2020 - 2023, USD Million
TABLE 85 Italy Procurement Outsourcing Market, 2024 - 2031, USD Million
TABLE 86 Italy Procurement Outsourcing Market by Component, 2020 - 2023, USD Million
TABLE 87 Italy Procurement Outsourcing Market by Component, 2024 - 2031, USD Million
TABLE 88 Italy Procurement Outsourcing Market by Deployment, 2020 - 2023, USD Million
TABLE 89 Italy Procurement Outsourcing Market by Deployment, 2024 - 2031, USD Million
TABLE 90 Italy Procurement Outsourcing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 91 Italy Procurement Outsourcing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 92 Italy Procurement Outsourcing Market by Organization Size, 2020 - 2023, USD Million
TABLE 93 Italy Procurement Outsourcing Market by Organization Size, 2024 - 2031, USD Million
TABLE 94 Rest of Europe Procurement Outsourcing Market, 2020 - 2023, USD Million
TABLE 95 Rest of Europe Procurement Outsourcing Market, 2024 - 2031, USD Million
TABLE 96 Rest of Europe Procurement Outsourcing Market by Component, 2020 - 2023, USD Million
TABLE 97 Rest of Europe Procurement Outsourcing Market by Component, 2024 - 2031, USD Million
TABLE 98 Rest of Europe Procurement Outsourcing Market by Deployment, 2020 - 2023, USD Million
TABLE 99 Rest of Europe Procurement Outsourcing Market by Deployment, 2024 - 2031, USD Million
TABLE 100 Rest of Europe Procurement Outsourcing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 101 Rest of Europe Procurement Outsourcing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 102 Rest of Europe Procurement Outsourcing Market by Organization Size, 2020 - 2023, USD Million
TABLE 103 Rest of Europe 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

List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Procurement Outsourcing Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Procurement Outsourcing Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jul – 2024, Jul) Leading Players
FIG 8 Porter’s Five Forces Analysis – Procurement Outsourcing Market
FIG 9 Europe Procurement Outsourcing Market share by Component, 2023
FIG 10 Europe Procurement Outsourcing Market share by Component, 2031
FIG 11 Europe Procurement Outsourcing Market by Component, 2020 - 2031, USD Million
FIG 12 Europe Procurement Outsourcing Market share by Deployment, 2023
FIG 13 Europe Procurement Outsourcing Market share by Deployment, 2031
FIG 14 Europe Procurement Outsourcing Market by Deployment, 2020 - 2031, USD Million
FIG 15 Europe Procurement Outsourcing Market share by Industry Vertical, 2023
FIG 16 Europe Procurement Outsourcing Market share by Industry Vertical, 2031
FIG 17 Europe Procurement Outsourcing Market by Industry Vertical, 2020 - 2031, USD Million
FIG 18 Europe Procurement Outsourcing Market share by Organization Size, 2023
FIG 19 Europe Procurement Outsourcing Market share by Organization Size, 2031
FIG 20 Europe Procurement Outsourcing Market by Organization Size, 2020 - 2031, USD Million
FIG 21 Europe Procurement Outsourcing Market share by Country, 2023
FIG 22 Europe Procurement Outsourcing Market share by Country, 2031
FIG 23 Europe Procurement Outsourcing Market by Country, 2020 - 2031, USD Million
FIG 24 SWOT Analysis: Tata Consultancy Services Ltd.
FIG 25 SWOT Analysis: Infosys Limited
FIG 26 SWOT Analysis: Wipro Limited
FIG 27 SWOT Analysis: Capgemini SE
FIG 28 Recent strategies and developments: HCL Technologies Ltd.
FIG 29 SWOT Analysis: HCL Technologies Ltd.
FIG 30 SWOT Analysis: IBM Corporation
FIG 31 SWOT Analysis: Accenture PLC