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 - 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 (industry value added) is forecast to increase by an annualised 8.5% over the 10 years through 2019-20. The economy is expected to grow at a slower rate, with GDP forecast to increase by an annualised 2.7% over the same period. With growth in the industry's economic contribution expected to outpace growth in the economy, the industry is in the growth stage of its life cycle.
Growth in the number of businesses supports the industry's growth life cycle stage. The industry's market is highly diverse and touches on many parts of the economy... purchase to read more