report thumbnailManaged Procurement Services

Managed Procurement Services Charting Growth Trajectories: Analysis and Forecasts 2025-2033

Managed Procurement Services by Type (Full-service Model, Selective Service Model), by Application (SMEs, Large Enterprises), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033


Base Year: 2024

139 Pages
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Managed Procurement Services Charting Growth Trajectories: Analysis and Forecasts 2025-2033


Key Insights

The global managed procurement services market is poised for substantial growth, with a market size of XX million in 2025 and an estimated CAGR of XX% over the forecast period from 2025 to 2033. This growth is driven by the increasing complexity of supply chains, the need for cost optimization, and the adoption of digital technologies. Key industry drivers include the rising demand for efficient and cost-effective procurement processes, the growing awareness of the benefits of managed procurement services, and the increasing adoption of cloud-based solutions.

The managed procurement services market is segmented based on service model (full-service and selective service), application (SMEs and large enterprises), and region (North America, South America, Europe, Middle East & Africa, and Asia Pacific). The full-service model is expected to dominate the market, driven by the demand for comprehensive procurement solutions. SMEs are expected to be the major end-users of managed procurement services due to their limited resources and expertise in managing complex procurement processes. North America is expected to remain the largest regional market, followed by Europe and Asia Pacific. Key players in the market include Zycus, CH Robinson, KPMG, GEP, Corcentric, Efficio consulting, EmpoweringCPO, PwC, Deloitte, ETCH Sourcing, Sourcing Champions, CPC, Proxima, oboloo, Procurement+, Ntiva, Pyramid Global Technologies, Barkers, and IPS Connect.

Managed Procurement Services Research Report - Market Size, Growth & Forecast

Managed Procurement Services Trends

The managed procurement services market has witnessed a substantial upswing, with businesses increasingly recognizing the value proposition offered by this service model. This trend is primarily driven by several key factors:

  • Emphasis on cost optimization: Managed procurement services enable companies to streamline their procurement processes, reduce operational costs, and enhance efficiency.
  • Focus on risk mitigation: Engaging managed procurement service providers allows companies to transfer supply chain risks, ensuring continuity and mitigating potential disruptions.
  • Access to expertise and technology: These providers bring specialized knowledge and innovative technologies to the table, empowering companies to gain competitive advantages.

As a result, the managed procurement services market is projected to reach $41.58 billion by 2025, expanding at a CAGR of 11.5% during the forecast period 2020-2025.

Driving Forces: What's Propelling the Managed Procurement Services

Several driving forces are fueling the growth of the managed procurement services market:

  • Globalization of supply chains: The increasing complexity of global supply chains has created a need for specialized services that can manage cross-border operations.
  • Technological advancements: The advent of AI, machine learning, and blockchain technologies has transformed procurement processes, driving demand for managed procurement services that leverage these capabilities.
  • Regulatory compliance: Managed procurement services assist companies in adhering to regulatory requirements and avoiding costly penalties.
Managed Procurement Services Growth

Challenges and Restraints in Managed Procurement Services

Despite the market's growth, there are some challenges and restraints that need to be addressed:

  • Data security concerns: Outsourcing procurement processes raises concerns about sensitive data security and confidentiality.
  • Lack of vendor visibility: Companies may face limited visibility into their vendor performance and supply chain activities when using managed procurement services.
  • Integration complexities: Integrating managed procurement services with existing systems and processes can be complex and time-consuming.

Key Region or Country & Segment to Dominate the Market

Region: The North American region is expected to dominate the managed procurement services market, driven by the early adoption of advanced technologies and a large number of multinational corporations.

Segment: The large enterprises segment is projected to hold a significant market share due to their extensive procurement needs and ability to invest in managed procurement services.

Growth Catalysts in Managed Procurement Services Industry

  • Rising adoption of cloud-based procurement solutions: Cloud-based platforms offer flexibility, scalability, and cost-effectiveness, driving market growth.
  • Collaboration between procurement and other business functions: Increased collaboration between procurement and other departments such as finance and operations enhances the efficiency of procurement processes.
  • Government initiatives and incentives: Governments are encouraging the adoption of managed procurement services through initiatives and incentives.

Leading Players in the Managed Procurement Services

  • Zycus
  • CH Robinson
  • KPMG
  • GEP
  • Corcentric
  • Efficio Consulting
  • EmpoweringCPO
  • PwC
  • Deloitte
  • ETCH Sourcing
  • Sourcing Champions
  • CPC
  • Proxima
  • oboloo
  • Procurement+
  • Ntiva
  • Pyramid Global Technologies
  • Barkers
  • IPS Connect

Significant Developments in Managed Procurement Services Sector

  • Increased strategic partnerships: Managed procurement service providers are forming strategic partnerships with technology companies to enhance their service offerings.
  • Adoption of data analytics: Advanced data analytics capabilities are being integrated into managed procurement services to provide real-time insights and enable data-driven decision-making.
  • Focus on sustainability: Managed procurement services now emphasize sustainability and ethical sourcing practices, aligning with corporate social responsibility initiatives.

Comprehensive Coverage Managed Procurement Services Report

This comprehensive report on the managed procurement services market provides in-depth analysis of market trends, driving forces, challenges, regional dynamics, growth catalysts, leading players, and significant developments. The report is supported by extensive research and industry insights, offering valuable information for stakeholders interested in this rapidly growing market.

Managed Procurement Services Segmentation

  • 1. Type
    • 1.1. /> Full-service Model
    • 1.2. Selective Service Model
  • 2. Application
    • 2.1. /> SMEs
    • 2.2. Large Enterprises

Managed Procurement Services Segmentation By Geography

  • 1. North America
    • 1.1. United States
    • 1.2. Canada
    • 1.3. Mexico
  • 2. South America
    • 2.1. Brazil
    • 2.2. Argentina
    • 2.3. Rest of South America
  • 3. Europe
    • 3.1. United Kingdom
    • 3.2. Germany
    • 3.3. France
    • 3.4. Italy
    • 3.5. Spain
    • 3.6. Russia
    • 3.7. Benelux
    • 3.8. Nordics
    • 3.9. Rest of Europe
  • 4. Middle East & Africa
    • 4.1. Turkey
    • 4.2. Israel
    • 4.3. GCC
    • 4.4. North Africa
    • 4.5. South Africa
    • 4.6. Rest of Middle East & Africa
  • 5. Asia Pacific
    • 5.1. China
    • 5.2. India
    • 5.3. Japan
    • 5.4. South Korea
    • 5.5. ASEAN
    • 5.6. Oceania
    • 5.7. Rest of Asia Pacific
Managed Procurement Services Regional Share

Managed Procurement Services REPORT HIGHLIGHTS

AspectsDetails
Study Period 2019-2033
Base Year 2024
Estimated Year 2025
Forecast Period2025-2033
Historical Period2019-2024
Growth RateCAGR of XX% from 2019-2033
Segmentation
    • By Type
      • Full-service Model
      • Selective Service Model
    • By Application
      • SMEs
      • Large Enterprises
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Benelux
      • Nordics
      • Rest of Europe
    • Middle East & Africa
      • Turkey
      • Israel
      • GCC
      • North Africa
      • South Africa
      • Rest of Middle East & Africa
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • ASEAN
      • Oceania
      • Rest of Asia Pacific

Frequently Asked Questions

Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Managed Procurement Services," which aids in identifying and referencing the specific market segment covered.

Are there any additional resources or data provided in the report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in million .

Which companies are prominent players in the Managed Procurement Services?

Key companies in the market include Zycus,CH Robinson,KPMG,GEP,Corcentric,Efficio consulting,EmpoweringCPO,PwC,Deloitte,ETCH Sourcing,Sourcing Champions,CPC,Proxima,oboloo,Procurement+,Ntiva,Pyramid Global Technologies,Barkers,IPS Connect

What are the notable trends driving market growth?

.

What is the projected Compound Annual Growth Rate (CAGR) of the Managed Procurement Services ?

The projected CAGR is approximately XX%.

Are there any restraints impacting market growth?

.

What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4480.00 , USD 6720.00, and USD 8960.00 respectively.

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