Overview

Coming out on top: Growing awareness of the benefits of outsourcing is boosting revenue

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

Industry Analysis & Industry Trends

Firms in the Procurement Outsourcing Services industry manage part or all of a company's procurement process. This can range from transactional services, such as processing purchase orders, to sourcing and maintaining relationships with suppliers. Many companies use industry services for indirect procurement, to acquire items or services that a company considers non-core to their business, such as travel management, as they have less experience in buying these services compared with industry players. Downstream markets, which range from large manufacturers and government agencies to small retailers, also hire procurement outsourcers for direct procurement, which involves purchasing key inputs for production process.

Industry revenue is expected to grow at an annualised 8.1%...

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What is the Procurement Outsourcing Services industry?

The industry's barriers to entry are moderate and the trend is expected to be steady. The industry is largely self-regulated, which means that compliance-related barriers to entry are low. However, other barriers to entry are considerable and relate to the need for industry participants to establish credibility with clients. For example, potential new entrants must 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 have become increasingly globalised. Potential new entrants must develop an understanding of overseas and domestic regulations surrounding imports and exports. Est...

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Products & Brands

Major products in this industry
Transactional services
Strategic services
Supplier management
Analytics and other services

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Major Markets

Globalisation & Trade

Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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