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 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 5.5% over the five years through 2019-20. 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