Preparing for contraction: Enterprise numbers have crumpled in the face of rising competition

The Document Preparation Services industry provides a range of copying, document preparation and specialised office support activities. The industry mainly provides services to businesses, with law firms being the most prominent clients, but medical providers, the public sector and individual clients are also important markets. When economic conditions are good, businesses are often more inclined to outsource non-core activities, especially those provided by document preparation companies.Over the five years through 2018-19, the industry's revenue is expected to grow marginally, at a compound annual rate of 0.1%. Through the first two years of the period revenue rose, supported by increased domestic more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies

Industry Threats & Opportunities

  • The industry has been hit by weaker business confidence and the depreciation of the pound
  • Many companies have brought document preparation services in house, weakening demand for the industry
  • Businesses are expected to become more assured of their positions, which will be beneficial to demand
  • Industry Report - Industry Key Buyers Chapter

    The industry has a low level of market concentration. The top four companies in the industry are expected to account for approximately 9.1% of the total industry market share in 2018-19. The nature of the industry means that there are numerous small enterprises serving local businesses and communities across the United Kingdom, due to the low barriers to entry. Industry customers also tend to prefer to use local operators for reasons of convenience.However, technological changesare expected to result in industry consolidation over the next five years as larger firms will be more able to make capital investment. Despite this, the industry is expected to remain highly fragmented. Fir...purchase to read more.

    Additional Insights for the Document Preparation Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Document Preparation Services Industry are

  • Having contacts within key markets
  • Highly trained workforce
  • Prompt delivery to market
  • IBISWorld analysts also discuss how external factors such as Business confidence index and Business capital expenditure in the Document Preparation Services industry impact industry performance..

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    What's in this report

    What is the Document Preparation Services Industry?

    Companies in this industry provide a variety of copying, document preparation and specialised office support activities. These include photocopying, document preparation and secretarial support services.

    Industry Products
  • Transcription services
  • Photocopying
  • Word processing services
  • Other services
  • Industry Activities
  • Providing photocopying services
  • Offering transcription services
  • Word processing of documents
  • Offering mailbox rental
  • Providing letter writing services
  • Providing CV writing services
  • Blueprinting of documents
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Business confidence index
  • Business capital expenditure
  • Government capital expenditure
  • Producer price index for paper and paperboard
  • Total health expenditure

  • Current Performance
  • Public sector relief
  • Offshoring
  • Technological change
  • Margin squeeze
  • Chart: Revenue Growth

  • Industry Outlook
  • Moderate demand
  • Competitive pressures
  • Technology
  • Table: Document Preparation Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Document Preparation Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Legal Activities
  • Hospitals
  • General Medical Practices
  • Consumers

  • Key Selling Industries
  • Machinery Repair & Maintenance
  • Paper & Paperboard Manufacturing

  • Products & Services
  • Photocopying
  • Transcription services
  • Word processing services
  • Other services
  • Chart: Document Preparation Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Professional services firms
  • Other
  • Health service providers
  • Individuals
  • Chart: Major Market Segmentation for the Document Preparation Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation and rent
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Document Preparation Services

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Document Preparation Services Industry

  • Industry Globalization
    Xerox (UK) Ltd,
  • Table: Xerox (UK) Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Document Preparation Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Document Preparation Services Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Business Churn
  • A measure of customer or employee attrition.
  • Disaggregation
  • When a business unit is separated into smaller segments.
  • Onshoring
  • The process of transferring a business process from overseas to the United Kingdom.
  • Outsourcing
  • When a business process is contracted out to a third-party organisation.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Document Preparation Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Document Preparation Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Document Preparation Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Document Preparation Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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