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