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Procurement Outsourcing Services in Australia: Market Research Report

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

Procurement Outsourcing Services Market Research Report | Advisory & Financial Services | Other Outsourced Functions | Aug 2014

Confidence boost: Growth in business numbers and internet connections aids industry revenue

IBISWorld’s Procurement Outsourcing Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$136m
Annual Growth 10-15
10.2%
Annual Growth 15-20
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Profit
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Employment
560
Businesses
52
Industry Analysis & Industry Trends

The Procurement Outsourcing Services industry has enjoyed buoyant conditions over the past five years. Industry revenue is expected to grow at an annualised 10.2% over the period to reach $135.9 million in 2014-15. The industry has benefited from the growing number of Australian businesses, as its markets are highly diversified. These businesses have also been increasingly outsourcing their activities, which has supported demand for outsourced procurement services.

Broadly positive business confidence levels over the period have contributed to growth in procurement activities and volumes. The industry outsources some of these activities, which benefits revenue... purchase to read more

Industry Report - Starting a New Business Chapter

The industry is largely self-regulated, which means that compliance-related barriers to entry are low. Other barriers to entry are considerable, however, and relate to the need for industry participants to establish credibility with clients. For example, potential new entrants need to be able to attract appropriately qualified staff, often with niche knowledge relating to the major markets an enterprise hopes to target.

Connections to international networks for procurement are also critical, as the supply chains of Australian companies become increasingly globalised. Potential new entrants need to develop an understanding of overseas and domestic regulations surrounding import and export of goods... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Procurement Outsourcing Services Industry?

Companies in this industry act as a third party to provide procurement services for clients, including direct and indirect procurement. Procurement outsourcing allows client companies to reduce costs, improve efficiency and enhance performance.

Industry Products
Direct procurementIndirect procurement
 
Industry Activities
Direct procurementIndirect procurementDirect procurementIndirect procurement


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