The Business Research Company’s latest report Commercial Services Market Report 2020 covers Commercial Services market drivers, Commercial Services market trends, Commercial Services market segments, Commercial Services market growth rate, Commercial Services market major players, and Commercial Services market size. The report provides in-depth analysis of the impact of COVID-19 on the Commercial Services industry, along with revised market numbers due to the effects of the coronavirus.
Commercial Services Market Report 2020 is the most comprehensive report available on this market and will help gain a truly perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The commercial services market is expected to grow from $4502.9 billion in 2019 to $4556.8 billion in 2020 at a compound annual growth rate (CAGR) of 1.2%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $5684.4 billion in 2023.
The commercial services market is segmented by type into office administrative services, facilities support services, employment services, business support services, travel arrangement and reservation services, waste management and remediation services, investigation and security services, services to buildings and dwellings, other support services, by mode into online, offline. Subsegments covered are business management services, hospitality management services, health management services, others – office administrative services, maintenance services, security & guard services, reception services, other facilities support services, employment placement agencies, executive search services, temporary help services, professional employer organizations, document preparation services, telephone call centers, business service centers, collection agencies, credit bureaus, others – business support services, travel agencies, tour operators, convention and visitors bureaus, other travel arrangement and reservation services, waste collection, waste treatment and disposal, remediation services, other waste management services, investigation, guard, and armored car services, security systems services, exterminating and pest control services, janitorial services, landscaping services, carpet and upholstery cleaning services, others – services to buildings and dwellings, packaging and labeling services, convention and trade show organizers, all other support services.
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