BPO Market To Increase 15.2% To Reach $12 Billion by 2007

Worldwide Procurement BPO Market to increase 15.2% to reach $12 billion by 2007. Interest in
outsourcing procurement activities and sub-segments is strong, particularly
among large companies with over $1 billion in revenue. However, interest is
also mainly for small-scale engagements, and the overriding goal for
procurement BPO is still that of cost management. IDC estimates that the
worldwide procurement BPO market was $5.9 billion in 2002 and expects the
market to increase at a five-year compound annual growth rate (CAGR) of 15.2%,
to $12 billion by 2007.

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