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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 | Advisory & Financial Services | Other Outsourced Functions | Jan 2013

Renewed growth: Outsourcing demand rebounds as businesses strive for greater efficiency

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
Xchanging plc Xchanging plc market share
Industry Statistics & Market Size
Revenue
£3bn
Annual Growth 08-13
-1.1%
Annual Growth 13-18
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Profit
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Employment
23,328
Businesses
1,700
Industry Analysis & Industry Trends

The Procurement Outsourcing Services industry faced challenges in a shrinking market over the five years through 2012-13. Industry revenue is estimated to decline by an annualised 1.1% over the period to reach £2.53 billion. The industry's market shrank as the number of businesses in the United Kingdom fell. The remaining businesses were also wary of their financial outlook and were less likely to invest in new procurement processes, which cut demand for industry services. On the other hand, businesses customers were inclined to outsource their procurement function as they strived to find greater efficiencies in a competitive environment. As such, the industry benefitted from a countercyclical trend... 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, as the supply chains of companies become increasingly globalised. Potential new entrants need to develop an understanding of 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 act as a third party to provide procurement services for clients, including direct and indirect procurement. Procurement outsourcing allows client companies to reduce costs, improve efficiency and enhance performance.

Industry Products
Direct procurementIndirect procurement
 
Industry Activities
Direct procurementIndirect procurement


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