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.