“According to research from the Everest Group, the procurement outsourcing market had a 12 percent year-on-year growth in 2013, and is expected to grow between 10 and 12 percent this year. The Procurement Outsourcing Annual Report 2014: Expanding New Horizons showed that in 2013, the market totaled $254 billion of managed spend and $2 billion in annualized contract value.” Read More.