Global Professional Services Market is valued approximately USD 3.13 trillion in 2018 and is anticipated to grow with a healthy growth rate of more than 8.0% over the forecast period 2019- 2026. The Professional service is a broad market which comprises varied occupations which provide support to businesses of all sizes and in all industries. The business entities which are engaged in providing professional services are generally referred to as professional service organizations (PSOs) or professional service firms (PSFs). Surging trade and commerce activities in both the developed and developing countries is one of the major factors responsible for high CAGR of the market. Surging adoption and utility of social media by both the large scale and small scale organizations is the factor that offers growth opportunities. Also, escalating demand for services which includes legal, advertising, accounting and other professional services is contributing towards growth of global Professional Services market. Further, surging utility of social media by both the small scale and large scale organizations that regulates their demand across various regions. However, lack of skilled professionals is the factor that is anticipated to hamper the market growth during the forecast period.
The regional analysis of global Professional Services market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to high demand for services such as accounting, photographic services, legal, advertising and other professional services from companies across all industries in the region. Europe contributes a significant growth in the global Professional Services market during the forecast period. Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019- 2026.
Major market player included in this report are:
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Medium Sized Business
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2016, 2017
Base year - 2018
Forecast period - 2019 to 2026
Target Audience of the Global Professional Services Market in Market Study: