Industry Analysis & Industry Trends
The Procurement Outsourcing Services industry is expected to grow moderately during the five years through 2014-15, even though economic conditions were weak for much of the period. This is mainly because firms chose to outsource in order to improve cost efficiencies when operating conditions were difficult. Demand from public sector organisations increased because of pressures on public spending. In addition, rising IT and telecommunications adoption made it easier to outsource procurement-related activities. However, weak capital expenditure, lower procurement volumes and a fall in the number of firms operating in United Kingdom at the start of the period constrained demand for the industry's services. Industry revenue is projected to grow at a compound annual rate of 3.6%... purchase to read more
Industry Report - Industry Analysis Chapter
Businesses' interest in cutting costs and operating more efficiently amidst relatively weak economic conditions has kept the Procurement Outsourcing Services industry performing well over the past five years. Higher levels of IT and telecommunications adoption has helped businesses to become more connected and helped to facilitate the trend towards outsourcing. Nevertheless, relatively weak levels of capital spending and a fall in the number of businesses at the start the period hampered demand for the industry's services somewhat. Nonetheless, industry revenue is estimated to increase at a compound annual rate of 3.6% over the five years through 2014-15, reaching £1.4 billion.
During the current year, revenue is forecast to rise 5.2%... purchase to read more