Industry Analysis & Industry Trends
The Procurement Outsourcing Services industry has enjoyed buoyant conditions over the five years through 2012-13. Industry revenue is estimated to grow by an annualised 6.9% over the period to reach $1.43 billion. With the industry's markets being highly diversified, it has benefited from the growing number of Australian businesses. These businesses are also increasingly outsourcing their activities, which has supported demand for outsourced procurement services.
An overall increase in business confidence has backed growth in procurement activities and volumes. Some of these activities are outsourced to the industry, benefiting industry revenue... purchase to read more
Industry Report - Industry Analysis Chapter
The Procurement Outsourcing Services industry has expanded strongly over the five years through 2012-13. Industry revenue is estimated to grow by an annualised 6.9% over the period, to reach $1.43 billion. A higher number of businesses in Australia and higher business sentiment have created a solid base market for the industry. Furthermore, the popularity of outsourcing among Australian businesses striving for greater efficiency and expanding their capital investments has supported rapid growth in industry revenue. Greater interconnectedness through the internet has also facilitated the trend towards outsourcing. However, the industry still faced slowdowns and overcapacity in the aftermath of the global downturn.
Industry revenue is estimated to grow by a brisk 8.9% in 2012-13... purchase to read more