Procurement Consulting Market Size
| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 12.49 Billion |
| Market Size (2030) | USD 22.97 Billion |
| CAGR (2025 - 2030) | 12.95% |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Procurement Consulting Market Analysis
The Procurement Consulting Market size is estimated at USD 12.49 billion in 2025, and is expected to reach USD 22.97 billion by 2030, at a CAGR of 12.95% during the forecast period (2025-2030).
- Procurement consulting can help clients identify and address deficiencies in their procurement process, leading to improved procurement performance. In addition to assisting clients to improve their procurement performance, procurement consulting can reduce the risks associated with procurements by providing insights into potential supplier conflicts or weaknesses in the bidding process. By identifying and addressing deficiencies in a company's procurement process, procurement consultants can often save businesses money on future procurements.
- The procurement consulting market is expected to grow significantly due to the increasing complexity of global supply chains, technological advancements, and businesses' emphasis on cost optimization, sustainability, and efficiency.
- Increasing cost management is one of the primary drivers behind the growth of the procurement consulting market. In an era of global competition, fluctuating raw material prices, economic uncertainties, and the constant need to maximize profitability, businesses seek ways to optimize their procurement processes and reduce costs across the supply chain.
- One of the primary drivers of the growing procurement consulting market is the increasing complexity of global supply chains. Managing supply chains has become increasingly challenging as businesses operate in a more interconnected and globalized environment. Procurement consultanting services play a crucial role in helping companies navigate these complexities, optimize their supply chains, mitigate risks, and ensure that procurement processes remain efficient and cost-effective.
- High costs of consulting services significantly restrain the procurement consulting market. While the demand for procurement consulting services is growing, the fees charged by major consulting firms can be prohibitively expensive for smaller businesses or organizations with limited budgets.
- In times of COVID-19 crisis, businesses tend to slow down decision-making processes due to uncertainty about the future. Budget cuts, the need to focus on short-term survival, and a focus on immediate priorities led many businesses to delay long-term procurement projects or consulting engagements.
Procurement Consulting Market Trends
Healthcare Industry Vertical is Expected to Hold Significant Market Share
- The healthcare industry struggles with a complex procurement landscape, rising costs, supply chain disruptions, and compliance demands. Strategic sourcing, bolstered by advanced AI technologies, offers a viable solution. By utilizing AI-driven procurement software, healthcare organizations can automate processes, enhance supply chain visibility, and proactively manage risks. These systems facilitate smarter, data-driven decision-making, ensuring timely access to critical supplies while reducing costs and inefficiencies.
- In the face of ongoing inflation and global uncertainties, healthcare systems find adopting AI-driven strategic sourcing imperative. Transitioning from traditional procurement practices to data-centric, technology-enabled systems empowers healthcare organizations to tackle current challenges and forge a resilient future.
- The surge in digital competitiveness within the healthcare sector significantly propels the Healthcare Industry Vertical in the Procurement Consulting Market. The procurement function is also evolving as healthcare entities undergo digital transformation to maintain their competitive edge. Procurement consultants are pivotal in guiding healthcare providers through this transition by refining procurement strategies, integrating advanced technologies, and embedding digital solutions into the supply chain.
- According to IMD, in 2023, the United States emerged as the world's leader in digital competitiveness. These rankings assess a nation's prowess in adopting and implementing digital technologies across enterprises and government bodies.
- Healthcare organizations are increasingly adopting digital procurement solutions to enhance their procurement activities. E-procurement platforms facilitate smooth online sourcing, supplier management, contract oversight, and purchasing. These platforms boost efficiency, minimize errors, and enhance visibility throughout the supply chain.
North America is Expected to Hold Significant Market Share
- The North America Procurement Consulting Market is witnessing significant growth, fueled by organizations' urgent need to refine procurement strategies, cut costs, and boost operational efficiency.
- Digital technologies, including artificial intelligence (AI), machine learning (ML), robotic process automation (RPA), blockchain, and cloud-based platforms, are transforming procurement practices across North America. Companies in the region are increasingly adopting these technologies to streamline processes, bolster supplier relationships, and enhance data analytics. Consequently, procurement consulting firms are essential in guiding companies through integrating these technologies.
- The surge in mergers, investments, and acquisitions in North America, procurement consulting has become paramount. Consultanting services are instrumental in merging procurement functions, fine-tuning supply chains, and aligning strategies after a merger. They also assist during organizational restructurings, ensuring seamless procurement operations.
- In October 2024, VSS Capital Partners, a private investment firm focused on healthcare, education, and business services, announced its platform investment in Treya Partners. Treya is a management consulting firm specializing in procurement value creation, strategic sourcing, and spend management advisory services, primarily catering to mid-market private equity-backed corporate clients.
Procurement Consulting Industry Overview
The procurement consulting market is fragmented, with a significant presence of established as well as small and medium-sized players. The market has relatively moderate exit barriers, which encourages new enterprises to participate and established firms to withdraw when profits are low.
Some of the major players in the market are Accenture Plc, McKinsey & Company, Deloitte, Accenture, and PwC among others. Major industry players are putting more emphasis on providing integrated solutions to draw customers. Smaller and new suppliers in the market are projected to prioritize cost-benefit strategies to compete with larger vendors, escalating competition in the country.
Moreover, recently, a significant number of joint ventures, investments and acquisitions were made in the wake of businesses’ worldwide rising focus on procurement consulting. Therefore, the intensity of competitive rivalry is high in the procurement consulting market.
Overall, the intensity of competitive rivalry is high in the studied market and is expected to remain high over the forecast period.
Procurement Consulting Market Leaders
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McKinsey & Company
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Deloitte
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Accenture Plc
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PwC
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Boston Consulting Group
- *Disclaimer: Major Players sorted in no particular order
Procurement Consulting Market News
- February 2024: Accenture has announced its acquisition of Insight Sourcing, a firm specializing in strategic sourcing and procurement services. With this acquisition, Accenture enhances its sourcing and procurement offerings, catering to private equity firms and sectors, including consumer goods, retail, technology, and industrial. This move brings around 220 sourcing consultants into Accenture's Sourcing and procurement practice, part of its broader Supply Chain and operations function. Accenture's acquisition of Insight Sourcing significantly impacts the procurement consulting market and the broader procurement landscape.
- November 2023: Sphera, one of the global leaders in ESG performance and risk management software, has partnered with Sourcing Champions, a key player in procurement consulting. They aim to empower procurement leaders to turn risks into competitive advantages by addressing critical supply chain vulnerabilities. This collaboration enhances procurement transparency, paving the way for comprehensive risk management and improved business results. By emphasizing value protection through prompt risk identification and promoting data-driven decisions, they aim to boost business resilience and agility, benefiting the procurement consulting market.
Procurement Consulting Industry Segmentation
Procurement consulting delivers specialized services that assist clients in identifying, evaluating, and executing procurements, all while ensuring adherence to pertinent regulations. These consultants offer expert insights on crucial elements such as risk assessment, pricing strategies, and the complexities of contracting processes and management.
The study tracks the revenue accrued through the sale of the procurement consulting market by various players across the globe. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study further analyses the overall impact of COVID-19 aftereffects and other macroeconomic factors on the market. The report’s scope encompasses market sizing and forecasts for the various market segments.
Procurement consulting market is segmented by service type (strategic sourcing, spend analysis, category management, supplier management, contract management, other service type), by enterprises (small and medium enterprises, large enterprises), by industry vertical (retail, BFSI, manufacturing, healthcare, IT and telecom, other industry vertical), by geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.
| By Service Type | Strategic Sourcing |
| Spend Analysis | |
| Category Management | |
| Supplier Management | |
| Contract Management | |
| Other Service Type | |
| By Enterprises | Small and Medium Enterprises |
| Large Enterprises | |
| By Industry Vertical | Retail |
| BFSI | |
| Manufacturing | |
| Healthcare | |
| IT and Telecom | |
| Other Industry Vertical | |
| By Geography*** | North America |
| Europe | |
| Asia | |
| Australia and New Zealand | |
| Latin America | |
| Middle East and Africa |
Procurement Consulting Market Research FAQs
How big is the Procurement Consulting Market?
The Procurement Consulting Market size is expected to reach USD 12.49 billion in 2025 and grow at a CAGR of 12.95% to reach USD 22.97 billion by 2030.
What is the current Procurement Consulting Market size?
In 2025, the Procurement Consulting Market size is expected to reach USD 12.49 billion.
Who are the key players in Procurement Consulting Market?
McKinsey & Company, Deloitte, Accenture Plc, PwC and Boston Consulting Group are the major companies operating in the Procurement Consulting Market.
Which is the fastest growing region in Procurement Consulting Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Procurement Consulting Market?
In 2025, the North America accounts for the largest market share in Procurement Consulting Market.
What years does this Procurement Consulting Market cover, and what was the market size in 2024?
In 2024, the Procurement Consulting Market size was estimated at USD 10.87 billion. The report covers the Procurement Consulting Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Procurement Consulting Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Procurement Consulting Industry Report
Statistics for the 2025 Procurement Consulting market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Procurement Consulting analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
