Industry Analysis & Industry Trends
The Procurement Outsourcing Services industry has enjoyed buoyant conditions over the five years through 2014-15. Industry revenue is estimated to grow at an annualised 10.2% over the period to reach $93.1 million. 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 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