1. What is the projected Compound Annual Growth Rate (CAGR) of the Managed Procurement Services?
The projected CAGR is approximately 9.9%.
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Managed Procurement ServicesManaged 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 2026-2034
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.
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:
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.
Several driving forces are fueling the growth of the managed procurement services market:
Despite the significant advancements and widespread adoption of managed procurement services, several critical challenges and restraints persist, requiring careful consideration and strategic mitigation:
Region: The North American region is poised to continue its market dominance in managed procurement services. This leadership is propelled by its pioneering adoption of cutting-edge procurement technologies, the presence of a substantial number of global multinational corporations with complex sourcing needs, and a well-established ecosystem of service providers and technology innovators.
Segment: The large enterprises segment is projected to command a substantial market share. These organizations, characterized by their extensive and multifaceted procurement requirements, significant spending power, and a greater capacity to invest in sophisticated managed procurement solutions, are primary beneficiaries and drivers of market growth.
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.
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 9.9% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 9.9%.
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.
The market segments include Type, Application.
The market size is estimated to be USD XXX N/A as of 2022.
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Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4480.00, USD 6720.00, and USD 8960.00 respectively.
The market size is provided in terms of value, measured in N/A.
Yes, the market keyword associated with the report is "Managed Procurement Services," which aids in identifying and referencing the specific market segment covered.
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
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