The Professional Services Automation Software Global Market Report 2023, provides comprehensive information on the professional services automation software market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Professional Services Automation Software Market’s Growth:
As per The Business Research Company’s Professional Services Automation Software Global Market Report 2023, the market size is expected to grow from $10.34 billion in 2022 to $11.45 billion in 2023 at a compound annual growth rate (CAGR) of 10.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global professional services automation market size is expected to reach $17.14 billion in 2027 at a CAGR of 10.6%.
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Technological advancement is a key trend gaining popularity in the professional service automation software market. Companies operating in this market are adopting new technologies to sustain their position in the market. For instance, in April 2021, FinancialForce, a US-based software company that provides professional service automation software solutions launched its Spring ’21 Release and unlocks Customer Insights and EnrichesEnterprise resource planning (ERP) and professional services automation (PSA) for the evolving enterprise. This included several new features such as an AI (artificial intelligence)-powered time card, improved expense management capabilities, automation, an enhanced mobile app, and advanced analytics for resource management. These new features are aimed at improving productivity, enhancing the user experience, and providing deeper insights into project performance.
The professional services automation software market is segmented:
1) By Type: Project Management, Project Accounting, Time And Expense Management, Project Analytics, Billing And Invoice Management, Resource Management, Contract Management, Opportunity And Lead Management, Other Types
2) By Deployment: On-Premise, Cloud
3) By Enterprise Size: Large Enterprise, Small And Medium Enterprise
4) By Application: Consulting Firms, Technology Companies, Marketing and Communication Firms, Other Applications
North America was the largest region in the professional services automation software market in 2022.
The table of contents in TBRC’s professional services automation software market report includes:
1. Executive Summary
2. Professional Services Automation Software Market Characteristics
3. Professional Services Automation Software Market Trends And Strategies
4. Professional Services Automation Software Market – Macro Economic Scenario
5. Professional Services Automation Software Market Size And Growth
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26. Africa Professional Services Automation Software Market
27. Professional Services Automation Software Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Professional Services Automation Software Market
29. Professional Services Automation Software Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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