FAQs

Services Global Market Report 2021 - By Type (Civic Services, Real Estate, Leasing, Commercial Services, Personal Services, Repair And Maintenance), COVID-19 Impact And Recovery

What is the definition of the services market?

The services market consists of the sales of services and related goods by entities that provide services.A service can be defined as a transaction between a buyer and a seller without the transfer of any physical goods or commodities.It mainly involves the use of resources, experience, skill, ingenuity, and intelligence.Examples include equipment and machinery repairing, promoting or administering religious activities, grantmaking, advocacy, and providing drycleaning and laundry services, personal care services, death care services, pet care services, photofinishing services, temporary parking services, and dating services

How will the services market drivers and restraints affect services market dynamics? What forces will shape the services industry going forward?

The services market growth is aided by rapid advances in technology. However, some services market restraints include the outbreak of the coronavirus disease (COVID-19) as the need for services offered by these establishments declined due to lockdowns imposed by governments globally

What is the forecast market size of the services market?

The services market forecast is expected to reach $15683.4 billion in 2025 at a compound annual growth rate of 7%.

How is the services market segmented?

The global services market is segmented -
1) By Type: Civic Services, Real Estate, Leasing, Commercial Services, Personal Services, Repair And Maintenance

Which region has largest share, and what is the market size and growth by geography according to the services global market report?

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Who are the key players of the global services market?

Top competitors in the services market are CBRE Group; Southern Baptist Churches; Jones Lang LaSalle Inc. World Food Programme; UNICEF.

What are the key trends in the global services market?

Major trends influencing the services market includes companies focusing on core business operations, automated billing systems to minimize billing errors and reduce costs

What are the major opportunities in the services market and the approaches companies can take to take advantage of them?

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How does the services market relate to the overall economy and other similar markets?

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