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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 | Mar 2016

Efficient expansion: Revenue rises due to a growing economy and cost-conscious businesses

The Procurement Outsourcing Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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
19,869
Businesses
1,867
Industry Analysis & Industry Trends

The Procurement Outsourcing Services industry is expected to grow moderately over the five years through 2015-16. This is primarily because businesses have chosen to outsource in order to improve cost efficiencies. Demand from public-sector organisations increased because of pressures on public spending. In addition, rising IT and telecommunications adoption has 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. Additionally, 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 - Industry SWOT Analysis Chapter

The Procurement Outsourcing Services industry is estimated to be in the growth stage of its life cycle. The industry's contribution to the economy, which is also known as its value added, is forecast to increase at a compound annual rate of 4.6% over the 10 years through 2020-21. The UK economy is expected to grow at a compound annual rate of 2.1% over the same period. This indicates that the industry will account for a growing share of the economy.

The number of firms operating in the industry is forecast to rise further over the coming five years. Firms in various different industries are expected to acquire services from industry participants when they decide to focus on their core functions and once they realise the benefits that can be obtained... 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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