The results of the annual 2012 Vendor Management Systems (VMS) and Managed Service Provider (MSP) Competitive Landscape Report have been announced by Staffing Industry Analysts. The company, a global advisor on contingent work, surveyed 36 VMS/MSP companies and discovered the most significant change year over year was the growth of spend under management.
Staffing Industry Analysts defines spend under management as the total spend on contingent or temporary labor being managed by a technology or alternative service instead of directly by an organization. The report shows that spend under management grew by 16 percent in 2011, from $84 billion in 2010 to $100 billion in 2011.
The number indicates strong growth from providers in the space as well as the use of more powerful management tools to support growing sophistication within the contingent workforce management field. The report shows that companies in virtually all industries and of varying sizes are using MSP and VMS providers to manage their contingent workforce programs. The penetration of MSP and VMS spending in the staffing market has also continued to increase.
The report, put out by Staffing Industry Analysts' CWS Council Services for six consecutive years, offers detailed and comprehensive insight into the positioning, capabilities and experience of VMS and MSP suppliers. It also reflects changing demographics, with the largest global markets for MSP providers as the U.S., UK and India. In India, MSP spending grew by 93 percent, bumping Canada from the third to fourth largest market.
The report found that the largest VMS provider was Fieldglass, Inc., representing $21.5 billion in spend under management. Adecco Solutions was named the largest MSP provider with $8.6 billion in spend under management.
Outside of contingent labor, the report found that VMS/MSP providers are making strides in incorporating Statement-of-Work (SOW) consulting into programs. SOW spending grew by more than 20 percent in 2011 for VMS/MSP programs, and MSPs are now able to flexibly build a SOW solution that matches the individual requirements of their clients.
Want to learn more about Managed Service Providers? Then be sure to attend MSPWorld, collocated with ITEXPO West 2012 taking place Oct. 2-5, in Austin, TX. Since its inception, MSPWorld has been the only event with a single, vendor-agnostic focus of supporting Managed Service providers and their respective ecosystems. MSPWorld in Austin will delve into the most pressing channel and end-user issues that MSPs and their customers confront every day. For more information on registering for MSPWorld click here.
Stay in touch with everything happening at MSP World. Follow us on Twitter.
Powered by Technology Marketing Corp.
© 2016 Copyright.
Ph: 800-243-6002 , 203-852-6800
Fx: 203-853-2845 | Contact Us