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Document Preparation Services in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Document Preparation Services Market Research Report | SIC N82.190 | Sep 2016

Prepared for change: Technological advancements are expected to shape the future of the industry

IBISWorld’s Document Preparation Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
£990m
Annual Growth 12-17
0.3%
Annual Growth 17-22
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Profit
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Employment
11,628
Businesses
1,782
Industry Threats & Opportunities
  • Industry performance is heavily dependent on business confidence and capital expenditure
  • The trend of disaggregation has had a negative effect on demand for the industry
  • Rising competition is expected to lead to a fall in average profit margins in the industry
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Industry Analysis & Industry Trends

The Document Preparation Services industry has struggled over the past five years. The weak economy early in the period and increased competition over the past five years are expected to limit revenue growth to a modest compound annual rate of 0.3% over the five years through 2016-17 to reach £990.1 million. The industry's fortunes are largely tied to two economic indicators: business confidence and business capital expenditure. Unfortunately for the industry, both indicators performed poorly following the economic downturn. This caused UK businesses to scale back spending dramatically, leading to a reduction in demand for the industry's services... purchase to read more

Industry Report - Industry Investment Chapter

The industry's capital intensity is at a low level due to the significant use of equipment relative to labour. For every £1.00 spent on capital, an estimated £21.48 is spent on labour. Over the past five years, the level of capital intensity has increased as technology has advanced and fewer manual labourers have been required to perform industry tasks. As photocopiers have become more efficient and the transfer of files has sped up, the industry's productivity has increased. Over the next five years, the industry's capital intensity is expected to remain low as the cost of technology falls.

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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... purchase to read more

     


    Industry ProductsRelated Reports

    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 servicesPhotocopyingWord processing servicesOther services
     
    Industry Activities
    Providing photocopying servicesOffering transcription servicesWord processing of documentsOffering mailbox rentalProviding letter writing servicesProviding CV writing servicesBlueprinting of documents


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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
  • Economic turbulence
  • Disaggregation and onshoring
  • Profit margins
  • Technological change
  • Chart: Revenue Growth
  • Industry Outlook
  • Competitive pressures
  • Streamlined processes
  • Table: Document Preparation Services Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Document Preparation Services Industry Lifecycle vs The Economy
  • Products & Markets
    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
  • Competitive Landscape
    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
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Document Preparation Services Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Document Preparation Services Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Business Churn
  • Churn rate is 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.

  • Why Buy this Report?
    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 of 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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