BENGALURU, India, April 12, 2025 /PRNewswire/ –Procurement Outsourcing Market is Segmented by Type (Direct Procurement, Indirect Procurement), by Application (CPG and Retail, BFSI Sector).

The Procurement Outsourcing Market was valued at USD 5577 Million in the year 2024 and is projected to reach a revised size of USD 11970 Million by 2031, growing at a CAGR of 11.7% during the forecast period.

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Major Factors Driving the Growth of Procurement Outsourcing Market:

The Procurement Outsourcing Market is shifting from tactical staff‑augmentation contracts to outcome‑based partnerships that encompass category strategy, supplier‑innovation programmes, and integrated payables. Competitive landscapes blend global business‑process‑outsourcing giants, boutique category specialists, and consultancies bundling advisory with managed services. Consolidation through mergers and strategic alliances aims to create end‑to‑end source‑to‑pay platforms, while emerging players exploit niche verticals and mid‑market gaps. Sustained double‑digit growth appears likely as economic uncertainty, ESG imperatives, and talent constraints converge, positioning procurement outsourcing as a cornerstone of enterprise resilience and value creation.

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TRENDS INFLUENCING THE GROWTH OF THE PROCUREMENT OUTSOURCING MARKET:

Large manufacturers and retailers increasingly entrust the purchase of raw materials, components, and packaging to specialised outsourcing partners, transforming direct procurement into a growth engine for the Procurement Outsourcing Market. Service providers leverage aggregated demand across multiple clients to negotiate bulk discounts on metals, resins, and agricultural commodities, often securing double‑digit price reductions that would be difficult for a single buyer to achieve. They also run vendor‑managed inventory programmes that compress working‑capital cycles and minimise stock‑outs on high‑value production lines. By embedding commodity‑price hedging and supplier‑risk analytics into their playbooks, outsourcers stabilise margins for clients facing volatile input costs, turning procurement from a cost centre into a strategic lever that frees cash for innovation and expansion initiatives.

Travel, facilities management, marketing, and IT services account for a fragmented tail of low‑value, high‑volume purchases that drain internal resources. Outsourcing firms apply category expertise, standardised contract templates, and automated spend controls to rationalise thousands of suppliers into curated panels, delivering savings through consolidated volumes and process efficiencies. They also implement compliance checkpoints that prevent maverick spending, ensuring negotiated rates flow through to purchase orders and invoices. For finance leaders under pressure to unlock quick wins, indirect procurement outsourcing offers rapid payback without disrupting core operations. As success stories spread, organisations expand scopes from office supplies to complex professional services, driving recurring revenue for providers and deepening the market’s penetration across mid‑market and enterprise segments.

Banks, insurers, and capital‑market firms embrace procurement outsourcing to navigate stringent regulatory scrutiny, multilayered vendor‑risk assessments, and rising cost‑to‑income ratios. Providers familiar with financial‑services governance frameworks build dedicated centres of excellence that map supplier data to anti‑money‑laundering, data‑privacy, and resiliency requirements, accelerating vendor onboarding while maintaining audit‑ready documentation. By outsourcing procurement of software licences, facilities, and professional services, BFSI institutions redirect scarce internal talent toward digital banking initiatives and risk modelling. Fee‑based revenue structures align provider incentives with measurable outcomes such as cost‑per‑transaction reduction and cycle‑time compression. This alignment, coupled with board‑level mandates to shrink operating expenses, positions the BFSI vertical as a long‑term anchor for market growth.

Escalating inflation and shareholder demands for leaner operations push enterprises to extract savings beyond traditional sourcing tactics. Procurement outsourcers deploy advanced should‑cost modelling, global rate‑card benchmarking, and zero‑based budgeting disciplines to uncover hidden inefficiencies. Their ability to pool client spend unlocks volume rebates and early‑payment discounts unavailable to individual firms, translating into tangible EBITDA uplift that justifies multi‑year contracts and fuels steady market expansion.

C‑suites seek to channel managerial bandwidth toward product innovation and customer experience, not purchase‑order administration. Outsourcing non‑differentiating procurement processes transfers transactional workloads, supplier disputes, and audit preparations to specialists operating scalable shared‑service centres. Freed internal teams concentrate on strategic supplier collaboration and category innovation, reinforcing the value proposition and driving repeat engagements across additional business units.

Geopolitical instability, ESG mandates, and tightening trade regulations elevate supply‑chain risk profiles. Procurement outsourcers maintain dedicated compliance teams that track sanctions lists, conflict‑mineral disclosures, and labour‑practice certifications across vast supplier networks. Continuous monitoring and automated alerting shield clients from reputational damage and regulatory fines, making risk mitigation a decisive factor in outsourcing decisions.

Niche categories—such as specialised logistics, contingent labour, or clinical‑trial materials—demand deep market knowledge and supplier relationships that most companies cannot sustain in‑house. Outsourcing partners recruit seasoned category managers and maintain real‑time price indices, enabling rapid response to market swings and innovation pipelines. This depth of expertise delivers performance guarantees that exceed what generalist procurement teams can offer, spurring adoption across sectors.

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PROCUREMENT OUTSOURCING MARKET SHARE: 

Global Procurement Outsourcing main players are IBM, Accenture, GEP, Infosys, etc. Global top four manufacturers hold a share over 60%. North America is the largest market, with a share nearly 45%.

North America leads procurement outsourcing adoption due to mature shared‑service ecosystems and a strong focus on cost optimisation within publicly traded companies. Europe follows, driven by multi‑lingual service hubs in Eastern Europe and regulatory pressures that reward professionalised supplier governance.

Asia‑Pacific registers the fastest growth as multinationals expand regional sourcing offices and local champions in India and China seek global best practices.

Key Companies:

IBMAccenture PlcGEPINFOSYS LIMITEDCapgemini S AGenpact LtdTCSXchangingWNS

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

– Service Procurement Market was valued at USD 900 Million in the year 2024 and is projected to reach a revised size of USD 1642 Million by 2031, growing at a CAGR of 9.1% during the forecast period.

– Procurement Consulting Services Market

– Procurement Contract Management Tool Market was valued at USD 290 Million in the year 2024 and is projected to reach a revised size of USD 393 Million by 2031, growing at a CAGR of 4.5% during the forecast period.

– Business Process Outsourcing (BPO) Services Market

– Sourcing and Procurement Transformation Services Market

– Digital Procurement Solutions Market was valued at USD 2896 Million in the year 2024 and is projected to reach a revised size of USD 5419 Million by 2031, growing at a CAGR of 9.5% during the forecast period.

– Contractor Management Outsourcing (CMO) Market

– Back Office Outsourcing Market was valued at USD 291620 Million in the year 2024 and is projected to reach a revised size of USD 471250 Million by 2031, growing at a CAGR of 7.2% during the forecast period.

– Indirect Procurement Outsourcing Market was estimated to be worth USD 2481.9 Million in 2023 and is forecast to a readjusted size of USD 3253.5 Million by 2030 with a CAGR of 4.0% during the forecast period 2024-2030.

– General and Administrative Outsourcing Market

– Procurement Agency Services Market

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Messer Cutting Systems is pleased to announce that Dr. Norbert Klapper has been appointed as the new Global CEO of Messer Cutting Systems.

MENOMONEE FALLS, Wis., April 12, 2025 /PRNewswire-PRWeb/ — Messer Cutting Systems is pleased to announce that Dr. Norbert Klapper has been appointed as the new Global CEO of Messer Cutting Systems, succeeding Bill Heller, who will step down following years of dedicated leadership.

Bill Heller has been a key leader within Messer Cutting Systems, serving in multiple executive roles, including CEO Americas and Global CEO. Under his leadership, the company expanded its market presence, strengthened its customer relationships, and modernized its product and digital solutions portfolio. Bill’s focus on innovation, customer value, and integration of cutting technologies with automation and software solutions has helped Messer build a strong foundation for future growth.

Succeeding Heller is Dr. Norbert Klapper, a highly respected executive with extensive global leadership experience in industrial manufacturing. Most recently, Dr. Klapper served as CEO of Rieter, a world-leading supplier of systems for short-staple fiber spinning. At Rieter, he led major global transformation efforts focused on innovation, operational excellence, and value creation for customers.

Dr. Klapper brings a strategic vision and a deep understanding of industrial technologies and international markets. His appointment signals Messer’s continued commitment to strengthening its global position as a leader in cutting systems and digitalized manufacturing solutions.

Bill will remain in a senior advisory role supporting both Annette Doyle, the new CEO of Messer Cutting Americas, and Dr. Norbert Klapper, Global CEO Messer Cutting Systems during this transition period.

This transition marks an exciting new chapter for Messer Cutting Systems as it accelerates global collaboration, product innovation, and customer-focused transformation.

For more information about Messer Cutting Systems and its leadership, visit https://us.messer-cutting.com/about-us/management/.

Media Contact

Steve Vogt, Messer Cutting Systems, 1 262-212-2208, steve.vogt@messer-cutting.com, https://us.messer-cutting.com/

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BEIJING, April 12, 2025 /PRNewswire/ — From April 10 to 12, the 13th Energy Storage International Conference and Expo (ESIE 2025) took place in Beijing. Hithium presented its full-spectrum innovation in energy storage, presenting a customized product matrix covering diverse scenarios—from long-duration energy storage to extreme environments, and from commercial and industrial (C&I) to residential applications.

At this year’s ESIE, Hithium presented its full-scenario customized product matrix, featuring the ∞Cell 587Ah energy storage battery, the ∞Power 6.25MWh 2h BESS, the ∞Pack+ high-capacity platform, and the ∞Cell N162Ah sodium-ion battery. Also on display were the 50Ah cylindrical cell, the 314Ah and ∞Cell 1175Ah high-capacity battery cells, and the ∞Block 261kWh all-in-one C&I cabinet—collectively showcasing Hithium’s strong innovation capabilities and scenario-driven deployment strategy across the energy storage landscape.

Co-defining 587Ah Format: ∞Cell 587Ah Format Gains Industry Recognition

At the exhibition, Hithium’s newly launched ∞Cell 587Ah energy storage battery—measuring 73.5×286×216mm (W×L×H)—became a centerpiece of attention, with five leading companies across the supply chain showcasing the battery at this year’s ESIE. This marked the first time the 587Ah format has been co-defined by multiple key players, signaling that Hithium’s proprietary standard may soon evolve into a widely adopted industry benchmark.

The ∞Cell 587Ah energy storage battery is the result of precise engineering and system-level optimization. Hithium identified 6.25MWh as the optimal energy capacity for today’s large-scale systems, 587Ah as the ideal battery capacity for balancing system efficiency and cost, and 73.5×286×216mm (W×L×H) as the optimal physical size for a 587Ah battery cell.

Equipped with the ∞Cell 587Ah energy storage battery, Hithium’s ∞Power 6.25MWh 2h energy storage system offers five key advantages: standardization, easy maintenance, superior safety, efficient layout, and high compatibility. These strengths help reduce R&D investment for system integrators while delivering competitive benefits in the form of ultra-high capacity, ultra-high safety, and ultra-low cost.

Proactively Shaping Industry Standards, as Long-duration Energy Storage Becomes the Prevailing Trend

Hithium technical experts Yuxuan Liu and Wei Zhu also delivered keynote presentations titled “Unlocking the Optimal Format of 587Ah Energy Storage Battery: Advancing Toward 6.25MWh Energy Freedom” and “Product Validation of kAh-class Batteries and Long-duration Storage Systems.” The keynotes offered in-depth insights into Hithium’s technological strengths and application solutions in the fields of large-capacity battery cells and long-duration energy storage.

By introducing new technologies, new solutions and new standards to energy storage sector, Hithium has further contributed to fostering the market and cultivating new drivers of productivity—accelerating technological advancement and industry upgrades, and paving the way for high-quality development across the industry.

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