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Procurement Outsourcing Services in the UK: Market Research Report

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

Procurement Outsourcing Services Market Research Report | SIC UK0.014 | Apr 2017

A new source: A rise in the number of businesses has supported the expansion of industry demand

IBISWorld’s Procurement Outsourcing Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Accenture plc Accenture plc market share
Capita plc Capita plc market share
IBM United Kingdom Ltd IBM United Kingdom Ltd market share
Industry Statistics & Market Size
Revenue
£2bn
Annual Growth 12-17
4.1%
Annual Growth 17-22
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Profit
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Employment
20,246
Businesses
1,893
Industry Analysis & Industry Trends

The industry has expanded over the past five years. This is primarily because businesses chose to outsource procurement sourcing activities in order to improve cost efficiencies. Demand from public-sector organisations also increased because of pressures on public spending. In addition, rising IT and telecommunications adoption made it easier to outsource activities to industry operators. Improvements in business capital spending also increased business capacity levels, which in turn increased the need for industry services. However, weak manufacturing activity and the closure of many retail stores constrained growth, as they a key market for the industry. Industry revenue is projected to grow at a compound annual rate of 4.1% over the five years through 2016-17 to £1.6 billion... 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 3.8% over the 10 years through 2021-22. The UK economy is expected to grow at a compound annual rate of 2.3% 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. Wid.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Procurement Outsourcing Services Industry?

Businesses in this industry provide direct and indirect procurement services for their clients. Procurement outsourcing allows client companies to reduce their costs and become more efficient.

Industry Products
Direct procurementIndirect procurement
 
Industry Activities
Direct procurementIndirect procurement


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