Professional Services Industry Overview

Accounting services provide systematic and comprehensive recording of financial transactions pertaining to businesses. The service involves summarizing, analyzing, auditing and reporting of the financial transactions for tax collection agencies and entities. It also involves auditing and preparing financial statements, designing accounting systems, developing budgets and accounting advisory.

The advertising, public relations and related services market comprise establishments offering services for planning, developing, creating and managing advertisement and promotional activities.

Architecture, engineering consultants and other related services comprise activities that provide support to planning and designing of construction related businesses of all sizes across all industries. Business entities that are engaged in providing architecture, engineering consultants and other related services are generally referred as architectural firms or engineering consultancy firms.

The design, research, promotional and consulting services (also referred to as general professional services) market comprises establishments offering expertize and services to a wide range of industries, in some cases households and individuals.

The environmental consulting services industry comprise establishments engaged in providing advice, assistance, and action plans to organizations and governments to manage their environment. It includes prevention of environmental contamination, toxic substances, security consulting, waste management, and pollution control.

Legal services companies advise clients (individuals or corporations) about their legal rights and responsibilities, and represent clients in civil or criminal cases, business transactions and other matters in which legal advice and other assistance are sought.

The management consulting services market comprise establishments providing a range of services dealing with advice and assistance on organization planning, financial budgeting, marketing strategies, human resource practices, administration policies and production and logistics scheduling.

Market research services comprise companies that offers services such as aiding in marketing activities, studying and analyzing the market as per client needs and specifications. The market research services market does not include legal services, accounting, and other major general professional services.