Source-to-Pay (S2P) outsourcing market Research 2032
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The Source-to-Pay (S2P) outsourcing market is seeing a significant rise as organizations worldwide are increasingly outsourcing their procurement functions to streamline operations, reduce costs, and enhance strategic purchasing capabilities. Estimated at USD 13.86 billion in 2023, the Source-to-Pay outsourcing market is projected to grow from USD 14.96 billion in 2024 to USD 27.6 billion by 2032, with a compound annual growth rate (CAGR) of approximately 7.96% during the forecast perio