NEW YORK, July 19, 2021 /PRNewswire/ -- As per Technavio's Research Analysis, the procurement outsourcing market is likely to register a CAGR of 15.53% while witnessing an incremental growth of USD 5.03 billion during 2021-2025. COVID-19 Impact Analysis on Procurement Outsourcing Market can now be gained through our report. Download Free Sample Now! - Advertisement - The procurement outsourcing market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020. With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.