The year 2007 shows growth in procurement outsourcing based on the predictions given by experts on the said topic.

The research report done by Everest Research Institute revealed that recently signed outsourcing deals are rapidly growing in numbers and would still be in the next 12 months.

Though procurement outsourcing was developed at the same time as other BPO tasks such as finance, accounting, HR, etc., it is only now that procurement outsourcing have shown growth in massive proportions. Saurabh Gupta, the senior research analyst at Everest remarked that the reason for this could be accounted for the late realization of senior executives regarding its importance.