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World – VMS/MSP spend increases globally

10 June 2013

Staffing Industry Analysts today released its annual Vendor Management Systems (VMS) and Managed Service Providers (MSP) Competitive Landscape report. This shows that total 2012 VMS/MSP spend outside North America among respondents to our landscape study was USD 26.49 billion and USD 20.63 billion respectively. Roughly one-third of global temporary staffing labour is managed either by an MSP or run through a VMS.

To manage temporary agency labour, independent contractors and Statement of Work (SOW) arrangements, corporations use VMS and Managed Service Providers.  Staffing Industry Analysts estimates that spend under management through a VMS, an MSP, or both, is greater than USD 100 billion globally and growing. This compares to the total market estimate for global temporary agency staffing labour of $327 billion. 

“Among survey participants, we are seeing more SOW spend running through a VMS (up 21% globally, from $18.9 billion to $21.9 billion) and also managed by an MSP (up 27% globally to $8 billion),” said Tony Gregoire, Staffing Industry Analysts’ research manager.

The report, issued today, highlighted the VMS and MSP firms with the largest amount of spend under management:

Total VMS leader: Fieldglass Spend under management: USD 27.4 billion
Total MSP leader: Allegis Group Services Spend under management: USD 8.3 billion

Other leading brands include: TAPFIN which led the temp/contract, vendor-neutral and hybrid MSP categories; Beeline which led outsourced spend through a VMS; Fieldglass, in addition to being the total VMS leader, also was the leader for SOW VMS and temp/contract VMS; and Allegis Group Services, besides leading the total MSP category leader, also led the SOW MSP area.

Staffing Industry Analysts defines an MSP as: a company that takes on primary responsibility for managing an organisation’s contingent workforce programme.

Staffing Industry Analysts defines a VMS as: an Internet-enabled contingent worker sourcing and billing application that enables a company to procure and mange a wide range of contingent workers and services in accordance with client business rules.

The full report is available to Staffing Industry Analysts subscribers only. For more information about the report or to subscribe to Staffing Industry Analysts, visit www.staffingindustry.com or contact Member Services at memberservices@staffingindustry.com.


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