Indirect Procurement Outsourcing Market Report 2025 (Global Edition)

Global Indirect Procurement Outsourcing Market Report 2025 Market Size Split

Indirect Procurement Outsourcing Market Report Description

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<h2>Competitive Landscape of the Indirect Procurement Outsourcing Market</h2> <p> The competitive landscape of the Indirect Procurement Outsourcing Market is characterized by the presence of several key players, including Accenture, IBM, Capgemini, and GEP. These companies offer a wide range of services such as strategic sourcing, procurement analytics, and supplier management. The market is marked by intense competition, with players focusing on innovation, advanced technologies, and customized solutions to meet the diverse needs of various industries and maintain their market positions.</p>

Top Companies Market Share in Indirect Procurement Outsourcing Industry: (In no particular order of Rank)

• Siemens Healthineers (Germany) Koninklijke Philips N.V. (Netherlands) GE Healthcare (US) Canon Inc. (Japan) Carestream Health (US) FUJIFILM Holdings Corporation (Japan) Shimadzu Corporation (Japan) Agfa-Gevaert Group (Belgium) Samsung Medison (South Korea) Konica Minolta (Japan) Shenzhen Mindray Bio-Medical Electronics Co. (China) MinXray Inc. (US) ACTEON (France) BPL Medical Technologies (India) Control-X Medical Ltd. (US) Allengers Medical Systems Ltd. (India)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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<h2>Regional Analysis of the Indirect Procurement Outsourcing Market</h2> <h3>Which Region Dominates the Indirect Procurement Outsourcing Market in 2024?</h3> <p>According to Cognitive Market Research, In 2024, North America dominates the Indirect Procurement Outsourcing Market, driven by the presence of numerous large enterprises and advanced technological infrastructure. The region's strong focus on cost reduction, efficiency improvement, and strategic procurement initiatives contributes to its leading position. The high adoption of digital procurement solutions and the presence of major market players such as Accenture, IBM, and Capgemini bolster North America's market dominance. The region's proactive approach to regulatory compliance and risk management further enhances its attractiveness for procurement outsourcing services, ensuring sustained growth and leadership in the market.</p> <h3>Which Region is Expanding at the Fastest CAGR?</h3> <p>The Asia-Pacific region is expanding at the fastest CAGR in the Indirect Procurement Outsourcing Market. This rapid growth is fueled by the increasing adoption of digital procurement solutions, rising industrialization, and expanding economic activities in countries such as China, India, and Southeast Asian nations. The region's growing emphasis on cost optimization and operational efficiency, coupled with the presence of a large number of SMEs seeking to leverage outsourcing for competitive advantage, drives this expansion. The increasing investments in infrastructure and technology, along with a burgeoning e-commerce sector, significantly contribute to the accelerated growth of the market in Asia-Pacific.<p>

The current report Scope analyzes Indirect Procurement Outsourcing Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Indirect Procurement Outsourcing

According to Cognitive Market Research, the global Indirect Procurement Outsourcing market size was estimated at USD 4351.6 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 1740.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Indirect Procurement Outsourcing market with a market size of USD 1373.36 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Growth is driven by advanced technological infrastructure and a strong demand for strategic sourcing solutions.
• The Canada Indirect Procurement Outsourcing market had a market share of USD 208.88 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Expansion is fueled by increasing adoption of digital procurement solutions and a focus on cost efficiency.
• The Mexico indirect procurement outsourcing market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 158.40 million in 2024.

Europe Indirect Procurement Outsourcing

According to Cognitive Market Research, the global Indirect Procurement Outsourcing market size was estimated at USD 4351.6 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 1305.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

• The United Kingdom Indirect Procurement Outsourcing market had a market share of USD 219.32 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. Growth is supported by stringent regulatory compliance requirements and a push for operational efficiency.
• The France Indirect Procurement Outsourcing Market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 120.10 million in 2024.
• According to Cognitive Market Research, the German Indirect Procurement Outsourcing market size was valued at USD 258.49 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. Driven by robust industrial activities and a high focus on procurement optimization and technology integration.
• The Italy Indirect Procurement Outsourcing Market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 112.27 million in 2024.
• The Russia Indirect Procurement Outsourcing Market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 202.35 million in 2024.
• The Spain Indirect Procurement Outsourcing Market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 107.05 million in 2024.
• The Luxembourg Indirect Procurement Outsourcing Market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 40.47 million in 2024.
• The Portugal Indirect Procurement Outsourcing Market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 27.42 million in 2024.
• The Greece Indirect Procurement Outsourcing Market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 15.67 million in 2024.
• The Rest of Europe Indirect Procurement Outsourcing Market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 202.35 million in 2024.

Asia Pacific Indirect Procurement Outsourcing

According to Cognitive Market Research, the global Indirect Procurement Outsourcing market size was estimated at USD 4351.6 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1000.87 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Indirect Procurement Outsourcing market size was valued at USD 450.39 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. Rapid industrialization and economic expansion boost demand for advanced procurement outsourcing services.
• The Japan Indirect Procurement Outsourcing Market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 138.12 million in 2024.
• The India Indirect Procurement Outsourcing market had a market share of USD 120.10 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. Growing demand for cost-effective procurement solutions and increasing adoption of digital technologies drive growth.
• The South Korea Indirect Procurement Outsourcing Market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 100.09 million in 2024.
• The Australia Indirect Procurement Outsourcing Market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 52.05 million in 2024.
• The South East Asia Indirect Procurement Outsourcing Market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 69.06 million in 2024.
• The Rest of APAC Indirect Procurement Outsourcing Market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 71.06 million in 2024

South America Indirect Procurement Outsourcing

According to Cognitive Market Research, the global Indirect Procurement Outsourcing market size was estimated at USD 4351.6 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 217.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Indirect Procurement Outsourcing market size was valued at USD 93.12 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Expansion is driven by rising investments in infrastructure and a growing business environment.
• Argentina's Indirect Procurement Outsourcing market had a market share of USD 36.55 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. Growth is supported by increasing business activities and a focus on improving procurement efficiency.
• The Colombia Indirect Procurement Outsourcing Market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 19.36 million in 2024.
• The Peru Indirect Procurement Outsourcing Market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 17.84 million in 2024.
• The Chile Indirect Procurement Outsourcing Market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 15.67 million in 2024.
• The Rest of LATAM Indirect Procurement Outsourcing Market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 35.03 million in 2024.

Middle East Indirect Procurement Outsourcing

According to Cognitive Market Research, the global Indirect Procurement Outsourcing market size was estimated at USD 4351.6 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 87.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.

• The GCC Countries Indirect Procurement Outsourcing market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 37.25 million in 2024. High healthcare spending and advancements in medical End-User Industry enhance market growth.
• The Egypt Indirect Procurement Outsourcing Market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 9.14 million in 2024.
• The South Africa Indirect Procurement Outsourcing market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 13.75 million in 2024. Expanding healthcare access and increased focus on diagnostic capabilities fuel market expansion.
• The Turkey Indirect Procurement Outsourcing Market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 7.48 million in 2024.
• The Nigeria Indirect Procurement Outsourcing Market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 9.14 million in 2024.
• The Rest of MEA Indirect Procurement Outsourcing Market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 10.27 million in 2024.

Indirect Procurement Outsourcing Market Analysis

Segment Analysis of Indirect Procurement Outsourcing Market

The Indirect Procurement Outsourcing market is typically segmented by , which play a significant role in determining the structure and growth potential of the industry. Understanding the market by allows businesses to focus on specific product categories that are likely to perform the best in the coming years. By understanding the performance and demand trends of each type, companies can target the most lucrative segments, innovate within specific categories, and develop products or services that align with the needs of their target customers. Analyzing the growth patterns by type helps to pinpoint which segments are most likely to grow at an accelerated pace and which ones might experience slower or stagnant growth.

of Indirect Procurement Outsourcing analyzed in this report are as follows:

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Segment Analysis of Indirect Procurement Outsourcing Market

Market segmentation by is another crucial element in understanding the dynamics of the Indirect Procurement Outsourcing industry. Applications refer to the specific uses or end-user industries that drive demand for the Indirect Procurement Outsourcing products or services. These can vary widely, depending on the nature of the market, ranging from healthcare, manufacturing, and retail to more specialized sectors like aerospace, automotive, and telecommunications. By breaking down the market according to its applications, businesses can gain insight into which industries are adopting Indirect Procurement Outsourcing-related solutions most effectively, and where new opportunities are emerging.

Moreover, analyzing application trends helps in recognizing which industries are growing faster, where innovations are occurring, and which markets are saturated, allowing businesses to strategically position themselves in the most promising areas of the market. Get in touch with us to receive industry-specific insights tailored to your needs
 

Some of the key of Indirect Procurement Outsourcing are:

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

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