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Global Procurement Outsourcing Market Set to Grow at 11.7% CAGR | Key Players: IBM, Accenture, Infosys | Valuates Reports

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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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How Can Humanity Become Friends with the Ocean?

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BEIJING, Nov. 6, 2026 /PRNewswire/ — A news report from China.org.cn on China’s efforts in marine ecological governance:

“Look, white dolphins!” Such excited cries can often be heard along the coast of Xiamen, a city in east China’s Fujian Province.

The Indo-Pacific humpback dolphin, commonly known as the Chinese white dolphin, is considered Class I nationally protected wildlife in China. As apex predators in coastal waters, these dolphins are regarded as a barometer of marine ecosystem health. Back in the 1990s, however, rising shipping activity, coastal reclamation and near‑shore development severely encroached on their habitats.

To minimize disturbances to dolphin habitats, Xiamen established China’s first provincial‑level nature reserve dedicated to Chinese white dolphins in 1997. Since then, the city has continuously refined its coastal governance approaches, restricted activities with significant environmental impacts, and promoted cross‑regional collaboration in conservation. Many other ocean‑friendly initiatives have also been rolled out. These include restoring mangrove wetland ecosystems; implementing an “offshore sanitation” mechanism and organizing public beach‑clean‑up campaigns to regularly remove floating marine debris; and releasing nearly 8 billion aquatic animals across 18 species through stock enhancement programs. As a result, populations of several fish species, such as the wild large yellow croaker and yellowfin seabream, have returned to Xiamen Bay.

Recently, “AI bodyguards” have joined the conservation effort. High‑definition cameras, drones and intelligent recognition systems track dolphin activity round‑the‑clock. Automatic alerts are issued whenever vessels approach the dolphins in violation of regulations. Researchers have also created individual digital profiles for each dolphin, identifying them by their dorsal‑fin shapes and body spot patterns, while recording their movement trajectories.

Xiamen is a microcosm of China’s efforts in marine ecological governance — forging ahead boldly yet never walking alone.

Over the decades, China has taken a series of concrete steps: from founding its first marine nature reserve in 1963, to proposing the goal of “building a strong maritime nation,” and publishing the white paper “Marine Eco‑Environmental Protection in China”; from drawing marine ecological protection red lines, to actively engaging with the UN Decade of Ocean Science for Sustainable Development and signing major international agreements on marine conservation, including the UN Agreement on Biodiversity Beyond National Jurisdiction (UN BBNJ).

For decades, China has been answering a vital question through concrete action: how can humanity coexist harmoniously with the ocean and create mutual benefits?

The answer is becoming increasingly clearer. Today, China’s extensive coastline features clean waters and pristine beaches, with fish swimming freely and seabirds soaring overhead. Not long ago, China’s Blue Bay Restoration Initiative was named a UN World Restoration Flagship. Now, the 21st Xiamen World Ocean Week is officially inaugurated, bringing together experts, scholars and representatives from various countries and international organizations to discuss marine conservation and harmonious coexistence between humanity and the ocean. In marine ecological protection and governance, China is not only a proactive participant and practitioner, but also a contributor to sharing experience and shaping future approaches.

Along Xiamen’s shoreline, the sea breeze blows gently as children run after the waves, echoing the ongoing story of humanity and the ocean.

China Mosaic
http://www.china.org.cn/video/node_7230027.htm

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SOURCE China.org.cn

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OneStream Surpasses 600 EMEA Customers and Triples AI Adoption

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OneStream triples AI customer base and deepens investment across EMEA as Founder and CEO Tom Shea presents governed Finance AI framework at Web Summit

LISBON, Portugal, Nov. 6, 2026 /PRNewswire/ — OneStream, the AI operating system for modern Finance that unifies core financial and operational processes, embedding the governance, context, and control required to make AI work for Finance, today announced it has surpassed 600 customers in EMEA and more than tripled its Finance AI customers in the region since the end of 2025. The news comes as Founder and CEO Tom Shea takes the stage at Europe’s biggest tech event, Web Summit 2026, to detail a framework for auditable, contextualized AI for Finance.

“CFOs across Europe are realizing the real advantage of AI isn’t the smartest model – it’s AI operating within a strict framework of financial governance,” said Tom Shea, Founder and CEO at OneStream. “AI is the reasoning engine, but enterprise software must be the trust engine. Our acceleration in EMEA proves leaders want a financial control tower that delivers answers they can act on without operational risk. We will continue investing heavily in the local teams and partners helping them build this secure foundation.”

Accelerating EMEA Momentum
Over the past 12 months, OneStream helped more than 100 new EMEA customers modernize their tech stack and passed 600 customers in the region, with customers in more than 35 markets. Customers span industries including manufacturing, retail, banking and financial services, pharmaceuticals, and oil and gas. Notable EMEA customers include Grupo ACS, Delivery Hero, and Swatch.

Customers across the region are using OneStream to modernize core Finance processes, replacing fragmented legacy systems with a unified platform for financial close, consolidation, reporting, and planning. This unified foundation helps teams keep pace with complex regulatory requirements across EMEA, while providing the governed data necessary to leverage AI for accelerated insights and real business value.

OneStream’s Finance AI adoption is growing alongside its broader platform growth. The number of EMEA customers using OneStream’s Finance AI has more than tripled since the end of 2025.

To support this sustained regional acceleration, OneStream continues to scale its operations and partner ecosystem, building on its established regional presence across London, Manchester, Paris, Amsterdam, and Madrid.

“Finance leaders across EMEA are modernizing their core Finance platforms to keep pace with complex regulation and move faster,” said Matt Rodgers, EVP, EMEA at OneStream. “That modernization is what enables them to take AI from pilots to enterprise-wide deployment, because it gives them a data foundation they can actually trust. Our momentum in the region underscores a fundamental shift toward governed, unified enterprise platforms that deliver real business value.”

Building Trust in AI Agents

Shea will appear in a featured fireside chat titled “Why AI and SaaS Need Each Other” on Thursday, Nov. 12, at 1:25 PM on Stage 7. Moderated by Hope King, Founder of Macro Talk, and featuring Luminance CEO Eleanor Lightbody, the session will examine the evolving role of enterprise software as AI agents take on increasingly complex workflows. Shea will detail how governed data, strict access controls, and transparent audit trails determine how safely organizations can let autonomous agents act on their own.

To learn more about Shea’s session at Web Summit, click here.

About OneStream

OneStream is the AI operating system for modern Finance that unifies core financial close, planning, and operational processes and data, in one intelligent platform, all embedded with the governance, context, and control required to make AI work for Finance.

With over 1,900 customers, including 16% of the Fortune 500, a strong ecosystem of go-to-market, implementation, and development partners and 1,600 employees, we empower the Office of the CFO to become a critical driver of business strategy and execution. To learn more, visit onestream.com.

Media Contact

Jaclyn Proctor
Media Relations Contact
OneStream
media@onestreamsoftware.com

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SOURCE OneStream, Inc.

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Insilico Open-Sources 24/7 Personal Longevity Superintelligence to Turn Quantified-Self Data into Predictive Health States and Aging Research

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CAMBRIDGE, Mass., Nov. 6, 2026 /PRNewswire/ — Insilico Medicine, a clinical-stage generative AI drug discovery company, today announced the open-source release of Longevity Grok, the Personal Longevity Superintelligence (PLSI) and launched the website longevitygrok.si, in collaboration with leading geroscience researcher David Sinclair from Harvard Medical School. Developed for the Grok Bot platform, PLSI is an open-source, multi-agent AI system designed to unify fragmented personal health records, track biological analysis, formulate personalized lifestyle interventions, predict and score post-intervention biomarker changes, as well as drive communal AI-powered geroscience research.

For decades, health management and longevity medicine have been hampered by severe data fragmentation. Laboratory blood panels, continuous glucose monitoring, wearable streams, epigenetic assays, and clinical records sit across disconnected portals, leaving patients unable to follow their biological trajectory and clinicians working from incomplete histories. Modern healthcare turns to LLMs to close that gap, however, without persistent, auditable memory or follow-up on if advice actually improves outcomes, they rarely outperform traditional methods.

Personal Longevity Superintelligence (PLSI) addresses this gap with a continuous, 24/7 automated research loop. It converts fragmented medical data into a standardized longitudinal health trajectory and generates accountable, predictive guidance through a multi-agent architecture. The system continuously forecasts health risks, proposes interventions, and scores outcomes through closed-loop feedback.

Running within Grok Bot’s secure environment, it coordinates a team of up to 30 specialized AI agents, standardizes heterogeneous records with clinical coding systems such as LOINC, RxNorm, and UCUM, and uses always-on routines to monitor longevity science updates, organize incoming data, and keep the personal health state current without constant re-prompting. The same system is framed for three complementary roles:

As a personal longevity assistant, PLSI turns scattered labs, wearables, epigenetic assays, and clinical files into a unified, audit-ready health trajectory on the user’s device. It proposes lifestyle, nutritional, or longevity interventions with an auditable “prediction card” (target biomarker, confidence interval, time horizon, and evidence grade), evaluates each plan through an agent-driven adversarial review. When follow-up results arrive, PLSI scores whether outcomes fall within the predicted interval, confirms direction, and tracks calibration over time, turning each choice into a checkable N-of-1 experiment. Users can also voluntarily allocate unused daily token quota to Idle Research in the background to find new ways to increase their lifespan.

As a physician’s assistant, PLSI supplies structured longitudinal context instead of fragmented PDFs and portal exports. Standardized representations and a coherent biological trajectory help clinicians better organize their workflow Prediction cards and evidence grades aid in decision-making, while closed-loop scoring after follow-up supports auditable discussion of response and adherence. PLSI also features safeguards that overrule AI discretion to keep  formal diagnosis and prescriptions solely with licensed physicians.

As a partner for aging research, PLSI extends individual tracking into communal discovery. Users may opt in to contribute consented, deidentified trajectories to Longevity Mothership via an anonymous relay with an irrevocable kill switch to purge records on demand. Idle Research is a modern take on volunteer computing platforms , such as Folding@home, which let autonomous researcher agents scan literature, formulate hypotheses, and design analyses based on  public databases to accelerate target discovery and other anti-aging discovery activities.

Across all three roles, privacy is the default: a zero-trust architecture keeps raw medical files and identifiable clinical records in the user’s environment , unless the user explicitly opts into communal research. Both the PLSI Client and the Longevity Mothership backends are fully open-source and freely available on GitHub for review and contribution. Both setups feature data controller agents, which scrub the data at egress and intake points to prevent entry re-identification.

PLSI is available to all Grok Bot users and can be installed by instructing your bot with the following one-liner:

Set yourself up using https://github.com/Insilico-org/plsi 

The agentic skills and code are provided as an open-source package which can be inspected and modified by all, according to their needs.

“Longevity Grok turns Grok Bot into an open platform where individuals, physicians, and scientists can use AI to better understand their health, predict the effects of interventions, and find ways to live longer, healthier lives,” said David A. Sinclair, Ph.D., Professor of Genetics and Co-Director of the Paul F. Glenn Center for Biology of Aging Research at Harvard Medical School. “What makes this exciting is that people can contribute to scientific discovery while improving their own health, helping us understand why we age and how we might slow or even reverse it.”

“Currently, there are zero tools that are clinically proven to give a healthy person an additional year of life if they are already dieting, exercising, sleeping, and getting regular diagnostics,” said Alex Zhavoronkov, Ph.D., founder and CEO of Insilico Medicine. “Longevity Grok is a distributed system designed around a personal research space where you can work with your own data to optimize your health, longevity, and peak-span trajectories. As this system diffuses into the community, we expect to achieve longevity superintelligence, enabling a vast network of individuals to conduct autonomous research on their own biology while utilizing shared computation resources to pursue advanced longevity experiments. Aging is the only inescapable constraint on human freedom, and pushing this frontier is about giving people the optionality to remain young, healthy, and productive for as long as possible.”

Longevity has been central to Insilico’s mission since its inception. The company’s path drew industry attention in 2015 at the NVIDIA GTC conference, where Alex Zhavoronkov, Ph.D., founder and CEO of Insilico, challenged the tech world with a provocative question: “Can NVIDIA cure aging?” In 2014, Insilico established the annual Aging Research and Drug Discovery (ARDD) meeting, now widely regarded as a leading academic gathering for geroscience and biogerontology. The 13th ARDD, held at Harvard University in 2026, brought together leading academic investigators, pharmaceutical executives, and clinical pioneers to translate longevity discoveries into actionable medicine.

In 2026, Insilico accelerated the translation of AI-driven longevity research from experimental theory to transformative biological interventions. In April, the company announced the industry’s first longevity board of high-profile scientists, chaired by Andrew Adams, Ph.D., Group Vice President of Molecular Discovery at Eli Lilly and Company, to advance AI-driven aging research for drug discovery. In September, Insilico open-sourced an AI longevity toolkit, including LongevityBench, Longevity-LLMs, and LongevityClaw, with collaborators in a Cell cover study, accelerating research and therapeutic development. That publication follows Insilico’s contemporaneous Nature Biotechnology paper, in which Rentosertib, the company’s most advanced AI-driven pipeline candidate, showed biological age reversal according to Phase IIa clinical data across six independent proteomic aging clocks.

Since 2014, Insilico has published more than 50 research papers on aging and longevity, aging biomarkers, therapeutic targets, and therapeutics implicated in aging, longevity, and disease.

About Insilico Medicine

Insilico Medicine is a pioneering global biotechnology company dedicated to integrating artificial intelligence and automation technologies to accelerate drug discovery, drive innovation in the life sciences, and extend healthy longevity to people on the planet. The company was listed on the Main Board of the Hong Kong Stock Exchange on December 30, 2025, under the stock code 03696.HK.

By integrating AI and automation technologies and deep in-house drug discovery capabilities, Insilico is delivering innovative drug solutions for unmet needs including fibrosis, oncology, immunology, pain, and obesity and metabolic disorders. Additionally, Insilico extends the reach of Pharma. AI across diverse industries, such as advanced materials, agriculture, nutritional products and veterinary medicine.

For more information, please visit www.insilico.com

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SOURCE Insilico Medicine

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