IDC predicts double digit growth for procurement outsourcing

According to IDC, the procurement business process outsourcing (BPO) market is quickly moving beyond “newcomer” status after a notable pick-up in activity in 2004. In 2004, the market experienced a 73% increase in the number of comprehensive engagements, as opposed to discrete, activity-based outsourcing deals. The study indicates that the procurement BPO market will continue to experience substantial, double-digit growth over the next five years.