The Document Preparation Services industry has struggled over the past five years. The weak economy and increased competition are expected to result in revenue declining at a compound annual rate of 2.2% over the five years through 2015-16 to reach £983.3 million. In 2015-16, IBISWorld expects industry revenue to increase by 0.2%. The industry's fortunes are largely tied to two economic indicators: business confidence and business capital expenditure. Unfortunately for the industry, both indicators performed poorly following the UK economy's contraction. This caused UK businesses to scale back spending dramatically, leading to a reduction in demand for the industry's services.
Companies in this industry provide a variety of copying, document preparation and specialised office support activities. These include photocopying, document preparation and secretarial support services.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.
