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Procurement Outsourcing Services in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Procurement Outsourcing Services Market Research Report | SIC UK0.014 | Jun 2015

In business: A rise in the number of UK companies is expected to stimulate industry growth

IBISWorld’s Procurement Outsourcing Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Accenture plc Accenture plc market share
Capita plc Capita plc market share
IBM United Kingdom Ltd IBM United Kingdom Ltd market share
Xchanging plc Xchanging plc market share
Industry Statistics & Market Size
Revenue
£2bn
Annual Growth 11-16
3.7%
Annual Growth 16-21
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Profit
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Employment
19,946
Businesses
1,871
Industry Analysis & Industry Trends

The Procurement Outsourcing Services industry is expected to grow steadily during the five years through 2015-16. This is primarily because businesses chose to outsource in order to improve cost efficiencies. Demand from public-sector organisations also increased because of pressures on public spending. In addition, rising IT and telecommunications adoption made it easier to outsource procurement-related activities. However, although business capital spending increased during the past five years, it remained somewhat depressed during the start of the period when compared with levels recorded prior to the recession. Similarly, the number of businesses operating in the United Kingdom during the start of period remained below pre-crisis levels... purchase to read more

Industry Report - Starting a New Business Chapter

The industry is largely self-regulated, which means that compliance-related barriers to entry are low. Other barriers to entry are considerable, however, and relate to the need for industry participants to establish credibility with clients. For example, potential new entrants need to be able to attract appropriately qualified staff, often with niche knowledge relating to the major markets an enterprise hopes to target.

Connections to international networks for procurement are also critical, since companies' supply chains are becoming increasingly globalised. Potential entrants need to understand overseas and domestic regulations surrounding import and export of goods... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Procurement Outsourcing Services Industry?

Businesses in this industry provide direct and indirect procurement services for their clients. Procurement outsourcing allows client companies to reduce their costs and become more efficient.

Industry Products
Direct procurementIndirect procurement
 
Industry Activities
Direct procurementIndirect procurement


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