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 Key Buyers Chapter
The industry exhibits a medium level of market share concentration, since the four largest players are estimated to generate approximately 46.1% of industry revenue in 2015-16. The industry is characterised by a few large players and many small enterprises.
Market share concentration varies between product and market segments as many firms, especially smaller players, tend to target specific market segments. Fragmentation is expected to remain a feature of the industry over the next five years. However, market share concentration is projected to increase over the coming period, despite remaining at a medium level, as larger firms acquire smaller players.
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